Basis: Latest reported fiscal year. 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 18.53% is in line with its 5-year average of 16.89%, near the high end of its 5-year range (14.90%–18.53%).
As of the fiscal period ended Wednesday, December 31, 2025. 5.25% above its 12-month average of 17.61%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
18.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
17.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
17.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
16.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
16.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
14.35%
CURRENT VS TTM AVG
+5.25%
CURRENT VS 3Y AVG
+8.54%
CURRENT VS 5Y AVG
+9.68%
CURRENT VS 10Y AVG
+15.67%
CURRENT VS 15Y AVG
+19.35%
CURRENT VS 20Y AVG
+29.12%
SECTOR MEDIAN · HEALTHCARE
8.53%
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
+117.23%
vs the sector median at left
HCA Healthcare, Inc.
Market Cap
$87.16B
Return on Invested Capital (ROIC)
18.53%
TTM Avg
17.61%
3Y Avg
17.07%
5Y Avg
16.89%
Market Cap
$81.51B
Return on Invested Capital (ROIC)
6.65%
TTM Avg
6.70%
3Y Avg
7.11%
5Y Avg
7.33%
Market Cap
$78.57B
Return on Invested Capital (ROIC)
8.51%
TTM Avg
9.70%
3Y Avg
12.91%
5Y Avg
18.22%
Market Cap
$100.24B
Return on Invested Capital (ROIC)
31.48%
TTM Avg
27.39%
3Y Avg
24.73%
5Y Avg
20.68%
Market Cap
$73.82B
Return on Invested Capital (ROIC)
7.35%
TTM Avg
7.02%
3Y Avg
7.07%
5Y Avg
6.50%
Market Cap
$103.56B
Return on Invested Capital (ROIC)
16.61%
TTM Avg
12.56%
3Y Avg
12.53%
5Y Avg
10.40%
Market Cap
$69.46B
Return on Invested Capital (ROIC)
8.78%
TTM Avg
7.46%
3Y Avg
6.12%
5Y Avg
5.55%
Market Cap
$109.30B
Return on Invested Capital (ROIC)
6.13%
TTM Avg
6.11%
3Y Avg
5.46%
5Y Avg
5.53%
Market Cap
$60.57B
Return on Invested Capital (ROIC)
13.23%
TTM Avg
15.09%
3Y Avg
14.58%
5Y Avg
13.58%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| HCA Healthcare, Inc. (HCA) | $87.16B | 18.53% | 17.61% | 17.07% | 16.89% |
| Elevance Health Inc. (ELV)vs › | $81.51B | 6.65% | 6.70% | 7.11% | 7.33% |
| Regeneron Pharmaceuticals, Inc. (REGN)vs › | $78.57B | 8.51% | 9.70% | 12.91% | 18.22% |
| McKesson Corporation (MCK)vs › | $100.24B | 31.48% | 27.39% | 24.73% | 20.68% |
| Cigna Corporation (CI)vs › | $73.82B | 7.35% | 7.02% | 7.07% | 6.50% |
| GSK plc (GSK)vs › | $103.56B | 16.61% | 12.56% | 12.53% | 10.40% |
| Boston Scientific Corporation (BSX)vs › | $69.46B | 8.78% | 7.46% | 6.12% | 5.55% |
| Medtronic plc (MDT)vs › | $109.30B | 6.13% | 6.11% | 5.46% | 5.53% |
| Cencora, Inc. (COR)vs › | $60.57B | 13.23% | 15.09% | 14.58% | 13.58% |
| Becton, Dickinson and Company (BDX)vs › | $60.00B | 4.73% | 4.38% | 4.32% | 3.88% |
ROIC
18.5%
ROE
-112.6%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 18.53% |
| 2024-12-31 | 16.68% |
| 2023-12-31 | 16.42% |
| 2022-12-31 | 16.66% |
| 2021-12-31 | 18.18% |
| 2020-12-31 | 14.90% |
| 2019-12-31 | 15.09% |
| 2018-12-31 | 16.85% |
| 2017-12-31 | 12.38% |
| 2016-12-31 | 15.72% |
| 2015-12-31 | 14.80% |
| 2014-12-31 | 14.56% |
| 2013-12-31 | 13.57% |
| 2012-12-31 | 14.30% |
| 2011-12-31 | 15.22% |
| 2010-12-31 | 14.56% |
| 2009-12-31 | 12.63% |
| 2008-12-31 | 10.89% |
| 2007-12-31 | 10.58% |
| 2006-12-31 | 8.67% |
| 2005-12-31 | 10.17% |
| 2004-12-31 | 9.13% |
| 2003-12-31 | 9.31% |
| 2002-12-31 | 7.59% |
| 2001-12-31 | 8.70% |
| 2000-12-31 | 48.29% |
| 1999-12-31 | 59.82% |
| 1998-12-31 | 49.08% |
| 1997-12-31 | 2.84% |
| 1996-12-31 | 9.36% |
