Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 27.07% is in line with its 5-year average of 28.02%, around the middle of its 5-year range (20.23%–30.91%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.81% below its 12-month average of 27.29%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 27.07%.
RETURN ON INVESTED CAPITAL (ROIC)
27.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
27.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
28.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
28.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
22.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
21.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
18.45%
CURRENT VS TTM AVG
-0.81%
CURRENT VS 3Y AVG
-6.34%
CURRENT VS 5Y AVG
-3.41%
CURRENT VS 10Y AVG
+20.80%
CURRENT VS 15Y AVG
+28.52%
CURRENT VS 20Y AVG
+46.69%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+183.29%
vs the sector median at left
W.W. Grainger, Inc.
Market Cap
$59.99B
Return on Invested Capital (ROIC)
27.07%
TTM Avg
27.29%
3Y Avg
28.90%
5Y Avg
28.02%
Market Cap
$59.00B
Return on Invested Capital (ROIC)
5.87%
TTM Avg
8.32%
3Y Avg
10.45%
5Y Avg
8.19%
Market Cap
$58.51B
Return on Invested Capital (ROIC)
30.16%
TTM Avg
28.53%
3Y Avg
28.70%
5Y Avg
27.61%
Market Cap
$61.82B
Return on Invested Capital (ROIC)
16.02%
TTM Avg
14.51%
3Y Avg
12.68%
5Y Avg
11.40%
Market Cap
$57.22B
Return on Invested Capital (ROIC)
38.80%
TTM Avg
30.55%
3Y Avg
25.18%
5Y Avg
20.85%
Market Cap
$56.49B
Return on Invested Capital (ROIC)
11.38%
TTM Avg
11.11%
3Y Avg
10.87%
5Y Avg
10.37%
Market Cap
$64.23B
Return on Invested Capital (ROIC)
11.11%
TTM Avg
11.32%
3Y Avg
11.51%
5Y Avg
10.67%
Market Cap
$65.56B
Return on Invested Capital (ROIC)
9.07%
TTM Avg
9.07%
3Y Avg
8.40%
5Y Avg
8.01%
Market Cap
$53.76B
Return on Invested Capital (ROIC)
7.63%
TTM Avg
8.59%
3Y Avg
7.85%
5Y Avg
2.05%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| W.W. Grainger, Inc. (GWW) | $59.99B | 27.07% | 27.29% | 28.90% | 28.02% |
| PACCAR Inc (PCAR)vs › | $59.00B | 5.87% | 8.32% | 10.45% | 8.19% |
| Fastenal Company (FAST)vs › | $58.51B | 30.16% | 28.53% | 28.70% | 27.61% |
| TransDigm Group Incorporated (TDG)vs › | $61.82B | 16.02% | 14.51% | 12.68% | 11.40% |
| Comfort Systems USA, Inc. (FIX)vs › | $57.22B | 38.80% | 30.55% | 25.18% | 20.85% |
| AMETEK, Inc. (AME)vs › | $56.49B | 11.38% | 11.11% | 10.87% | 10.37% |
| United Rentals, Inc. (URI)vs › | $64.23B | 11.11% | 11.32% | 11.51% | 10.67% |
| Republic Services, Inc. (RSG)vs › | $65.56B | 9.07% | 9.07% | 8.40% | 8.01% |
| Delta Air Lines, Inc. (DAL)vs › | $53.76B | 7.63% | 8.59% | 7.85% | 2.05% |
| Honeywell International Inc. (HON)vs › | $67.37B | 6.63% | 9.09% | 9.81% | 9.63% |
ROIC
27.1%
ROE
45.3%
ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)
Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2026-06-30 | 27.07% |
| 2026-03-31 | 26.65% |
| 2025-12-31 | 25.71% |
| 2025-09-30 | 27.40% |
| 2025-06-30 | 29.62% |
| 2025-03-31 | 30.61% |
| 2024-12-31 | 28.90% |
| 2024-09-30 | 26.95% |
| 2024-06-30 | 29.97% |
| 2024-03-31 | 30.41% |
| 2023-12-31 | 30.75% |
| 2023-09-30 | 30.91% |
| 2023-06-30 | 30.75% |
| 2023-03-31 | 30.13% |
| 2022-12-31 | 29.66% |
| 2022-09-30 | 28.84% |
| 2022-06-30 | 27.08% |
| 2022-03-31 | 24.60% |
| 2021-12-31 | 22.92% |
| 2021-09-30 | 21.57% |
| 2021-06-30 | 20.23% |
| 2021-03-31 | 18.20% |
| 2020-12-31 | 16.71% |
| 2020-09-30 | 14.37% |
| 2020-06-30 | 12.47% |
| 2020-03-31 | 15.14% |
| 2019-12-31 | 20.19% |
| 2019-09-30 | 22.45% |
| 2019-06-30 | 19.46% |
| 2019-03-31 | 19.00% |
| 2018-12-31 | 19.58% |
| 2018-09-30 | 18.47% |
| 2018-06-30 | 19.84% |
| 2018-03-31 | 16.68% |
| 2017-12-31 | 15.89% |
| 2017-09-30 | 13.27% |
| 2017-06-30 | 13.38% |
| 2017-03-31 | 15.22% |
| 2016-12-31 | 15.55% |
| 2016-09-30 | 16.21% |
| 2016-06-30 | 15.89% |
| 2016-03-31 | 16.79% |
| 2015-12-31 | 17.67% |
| 2015-09-30 | 17.07% |
| 2015-06-30 | 17.27% |
| 2015-03-31 | 19.56% |
| 2014-12-31 | 19.99% |
| 2014-09-30 | 19.58% |
| 2014-06-30 | 18.68% |
| 2014-03-31 | 19.48% |
| 2013-12-31 | 19.52% |
| 2013-09-30 | 19.03% |
| 2013-06-30 | 18.34% |
| 2013-03-31 | 17.77% |
| 2012-12-31 | 17.54% |
| 2012-09-30 | 17.44% |
| 2012-06-30 | 18.60% |
| 2012-03-31 | 18.11% |
| 2011-12-31 | 18.18% |
| 2011-09-30 | 17.30% |
| 2011-06-30 | 18.16% |
| 2011-03-31 | 17.88% |
| 2010-12-31 | 16.65% |
| 2010-09-30 | 16.22% |
| 2010-06-30 | 14.74% |
| 2010-03-31 | 12.92% |
| 2009-12-31 | 13.34% |
| 2009-09-30 | 13.29% |
| 2009-06-30 | 15.37% |
| 2009-03-31 | 16.88% |
| 2008-12-31 | 17.22% |
| 2008-09-30 | 16.69% |
| 2008-06-30 | 15.98% |
| 2008-03-31 | 17.11% |
| 2007-12-31 | 17.40% |
| 2007-09-30 | 17.39% |
| 2007-06-30 | 15.55% |
| 2007-03-31 | 16.02% |
| 2006-12-31 | 15.68% |
| 2006-09-30 | 15.71% |
| 2006-06-30 | 14.61% |
| 2006-03-31 | 14.31% |
| 2005-12-31 | 14.14% |
| 2005-09-30 | 14.05% |
| 2005-06-30 | 13.83% |
| 2005-03-31 | 13.07% |
| 2004-12-31 | 13.14% |
| 2004-09-30 | 12.72% |
| 2004-06-30 | 11.57% |
| 2004-03-31 | 11.49% |
| 2003-12-31 | 11.18% |
| 2003-09-30 | 11.38% |
| 2003-06-30 | 11.82% |
