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 18.19% is 56% above its 5-year average of 11.63%, near the high end of its 5-year range (7.66%–18.19%).
As of the fiscal period ended Wednesday, December 31, 2025. 8.02% above its 12-month average of 16.84%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
18.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
16.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
13.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+8.02%
CURRENT VS 3Y AVG
+35.32%
CURRENT VS 5Y AVG
+56.47%
CURRENT VS 10Y AVG
+237.14%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
9.21%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+97.40%
vs the sector median at left
Howmet Aerospace Inc.
Market Cap
$115.31B
Return on Invested Capital (ROIC)
18.19%
TTM Avg
16.84%
3Y Avg
13.44%
5Y Avg
11.63%
Market Cap
$125.16B
Return on Invested Capital (ROIC)
13.69%
TTM Avg
12.91%
3Y Avg
11.49%
5Y Avg
10.97%
Market Cap
$104.37B
Return on Invested Capital (ROIC)
10.58%
TTM Avg
10.30%
3Y Avg
9.74%
5Y Avg
9.56%
Market Cap
$104.19B
Return on Invested Capital (ROIC)
7.07%
TTM Avg
7.53%
3Y Avg
7.36%
5Y Avg
7.14%
Market Cap
$103.92B
Return on Invested Capital (ROIC)
18.55%
TTM Avg
16.59%
3Y Avg
12.18%
5Y Avg
10.40%
Market Cap
$103.90B
Return on Invested Capital (ROIC)
20.26%
TTM Avg
19.73%
3Y Avg
17.71%
5Y Avg
15.16%
Market Cap
$135.97B
Return on Invested Capital (ROIC)
17.39%
TTM Avg
16.86%
3Y Avg
18.35%
5Y Avg
18.91%
Market Cap
$94.53B
Return on Invested Capital (ROIC)
8.40%
TTM Avg
9.30%
3Y Avg
10.17%
5Y Avg
9.93%
Market Cap
$93.58B
Return on Invested Capital (ROIC)
11.53%
TTM Avg
12.46%
3Y Avg
10.54%
5Y Avg
11.94%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Howmet Aerospace Inc. (HWM) | $115.31B | 18.19% | 16.84% | 13.44% | 11.63% |
| Parker-Hannifin Corporation (PH)vs › | $125.16B | 13.69% | 12.91% | 11.49% | 10.97% |
| General Dynamics Corporation (GD)vs › | $104.37B | 10.58% | 10.30% | 9.74% | 9.56% |
| Quanta Services, Inc. (PWR)vs › | $104.19B | 7.07% | 7.53% | 7.36% | 7.14% |
| Vertiv Holdings Co (VRT)vs › | $103.92B | 18.55% | 16.59% | 12.18% | 10.40% |
| Trane Technologies plc (TT)vs › | $103.90B | 20.26% | 19.73% | 17.71% | 15.16% |
| Lockheed Martin Corporation (LMT)vs › | $135.97B | 17.39% | 16.86% | 18.35% | 18.91% |
| CSX Corporation (CSX)vs › | $94.53B | 8.40% | 9.30% | 10.17% | 9.93% |
| 3M Company (MMM)vs › | $93.58B | 11.53% | 12.46% | 10.54% | 11.94% |
| United Parcel Service, Inc. (UPS)vs › | $92.68B | 10.40% | 11.21% | 13.32% | 13.95% |
ROIC
18.2%
ROE
31.6%
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 | 18.19% |
| 2024-12-31 | 15.49% |
| 2023-12-31 | 11.00% |
| 2022-12-31 | 9.09% |
| 2021-12-31 | 7.66% |
| 2020-12-31 | 8.32% |
| 2019-12-31 | 4.89% |
| 2018-12-31 | 6.38% |
| 2017-12-31 | -1.35% |
| 2016-12-31 | -17.97% |
| 2015-12-31 | -2.35% |
| 2014-12-31 | -1.46% |
