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 11.14% is in line with its 5-year average of 12.00%, near the low end of its 5-year range (8.39%–17.66%).
As of the fiscal period ended Tuesday, June 30, 2026. 14.62% above its 12-month average of 9.72%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 11.14%.
RETURN ON INVESTED CAPITAL (ROIC)
11.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
12.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
12.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
13.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
13.62%
CURRENT VS TTM AVG
+14.62%
CURRENT VS 3Y AVG
+14.46%
CURRENT VS 5Y AVG
-7.11%
CURRENT VS 10Y AVG
-13.60%
CURRENT VS 15Y AVG
-17.71%
CURRENT VS 20Y AVG
-18.17%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+16.62%
vs the sector median at left
J.B. Hunt Transport Services, Inc.
Market Cap
$22.00B
Return on Invested Capital (ROIC)
11.14%
TTM Avg
9.72%
3Y Avg
9.74%
5Y Avg
12.00%
Market Cap
$21.07B
Return on Invested Capital (ROIC)
12.01%
TTM Avg
10.54%
3Y Avg
4.76%
5Y Avg
4.12%
Market Cap
$20.99B
Return on Invested Capital (ROIC)
12.68%
TTM Avg
11.36%
3Y Avg
10.29%
5Y Avg
9.38%
Market Cap
$23.04B
Return on Invested Capital (ROIC)
14.70%
TTM Avg
16.98%
3Y Avg
19.04%
5Y Avg
19.79%
Market Cap
$20.40B
Return on Invested Capital (ROIC)
9.10%
TTM Avg
8.09%
3Y Avg
6.79%
5Y Avg
5.41%
Market Cap
$23.61B
Return on Invested Capital (ROIC)
9.55%
TTM Avg
14.57%
3Y Avg
14.06%
5Y Avg
12.58%
Market Cap
$20.05B
Return on Invested Capital (ROIC)
4.30%
TTM Avg
1.45%
3Y Avg
1.65%
5Y Avg
-0.47%
Market Cap
$19.25B
Return on Invested Capital (ROIC)
12.35%
TTM Avg
13.79%
3Y Avg
14.76%
5Y Avg
14.83%
Market Cap
$24.97B
Return on Invested Capital (ROIC)
34.54%
TTM Avg
28.21%
3Y Avg
29.84%
5Y Avg
29.70%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| J.B. Hunt Transport Services, Inc. (JBHT) | $22.00B | 11.14% | 9.72% | 9.74% | 12.00% |
| MTU Aero Engines AG (MTUAY)vs › | $21.07B | 12.01% | 10.54% | 4.76% | 4.12% |
| Curtiss-Wright Corporation (CW)vs › | $20.99B | 12.68% | 11.36% | 10.29% | 9.38% |
| Veralto Corporation (VLTO)vs › | $23.04B | 14.70% | 16.98% | 19.04% | 19.79% |
| XPO Logistics, Inc. (XPO)vs › | $20.40B | 9.10% | 8.09% | 6.79% | 5.41% |
| Hubbell Incorporated (HUBB)vs › | $23.61B | 9.55% | 14.57% | 14.06% | 12.58% |
| Southwest Airlines Co. (LUV)vs › | $20.05B | 4.30% | 1.45% | 1.65% | -0.47% |
| Snap-on Incorporated (SNA)vs › | $19.25B | 12.35% | 13.79% | 14.76% | 14.83% |
| Expeditors International of Washington, Inc. (EXPD)vs › | $24.97B | 34.54% | 28.21% | 29.84% | 29.70% |
| Xylem Inc. (XYL)vs › | $25.11B | 6.91% | 6.12% | 6.13% | 5.99% |
ROIC
11.1%
ROE
18.4%
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 | 11.14% |
| 2026-03-31 | 10.28% |
| 2025-12-31 | 9.32% |
| 2025-09-30 | 9.14% |
| 2025-06-30 | 8.72% |
| 2025-03-31 | 8.72% |
| 2024-12-31 | 8.39% |
| 2024-09-30 | 9.20% |
| 2024-06-30 | 9.58% |
| 2024-03-31 | 10.22% |
| 2023-12-31 | 10.18% |
| 2023-09-30 | 11.93% |
| 2023-06-30 | 13.36% |
| 2023-03-31 | 15.20% |
| 2022-12-31 | 15.65% |
| 2022-09-30 | 17.66% |
| 2022-06-30 | 17.04% |
| 2022-03-31 | 15.95% |
| 2021-12-31 | 14.26% |
| 2021-09-30 | 13.55% |
| 2021-06-30 | 12.43% |
| 2021-03-31 | 11.68% |
| 2020-12-31 | 10.88% |
| 2020-09-30 | 11.40% |
| 2020-06-30 | 11.74% |
| 2020-03-31 | 12.34% |
| 2019-12-31 | 12.79% |
| 2019-09-30 | 11.83% |
| 2019-06-30 | 11.72% |
| 2019-03-31 | 12.13% |
| 2018-12-31 | 13.04% |
| 2018-09-30 | 18.74% |
| 2018-06-30 | 18.87% |
| 2018-03-31 | 17.98% |
| 2017-12-31 | 18.21% |
| 2017-09-30 | 12.96% |
| 2017-06-30 | 14.03% |
| 2017-03-31 | 14.17% |
| 2016-12-31 | 13.75% |
| 2016-09-30 | 14.25% |
| 2016-06-30 | 14.39% |
| 2016-03-31 | 14.68% |
| 2015-12-31 | 14.27% |
| 2015-09-30 | 14.70% |
| 2015-06-30 | 14.33% |
| 2015-03-31 | 14.23% |
| 2014-12-31 | 13.61% |
| 2014-09-30 | 14.23% |
| 2014-06-30 | 13.94% |
| 2014-03-31 | 13.79% |
| 2013-12-31 | 15.13% |
| 2013-09-30 | 15.36% |
| 2013-06-30 | 15.67% |
| 2013-03-31 | 16.09% |
| 2012-12-31 | 15.81% |
| 2012-09-30 | 15.85% |
| 2012-06-30 | 15.78% |
| 2012-03-31 | 15.50% |
| 2011-12-31 | 14.62% |
| 2011-09-30 | 15.14% |
| 2011-06-30 | 14.47% |
| 2011-03-31 | 13.87% |
| 2010-12-31 | 13.14% |
| 2010-09-30 | 12.09% |
| 2010-06-30 | 11.60% |
| 2010-03-31 | 9.80% |
| 2009-12-31 | 9.51% |
| 2009-09-30 | 10.26% |
| 2009-06-30 | 12.13% |
| 2009-03-31 | 14.11% |
| 2008-12-31 | 14.83% |
| 2008-09-30 | 14.60% |
| 2008-06-30 | 14.17% |
| 2008-03-31 | 15.15% |
| 2007-12-31 | 15.38% |
| 2007-09-30 | 15.87% |
| 2007-06-30 | 15.77% |
| 2007-03-31 | 16.25% |
| 2006-12-31 | 15.37% |
| 2006-09-30 | 16.35% |
| 2006-06-30 | 16.72% |
| 2006-03-31 | 16.48% |
| 2005-12-31 | 16.79% |
| 2005-09-30 | 14.43% |
| 2005-06-30 | 14.97% |
| 2005-03-31 | 14.28% |
| 2004-12-31 | 14.42% |
| 2004-09-30 | 13.77% |
| 2004-06-30 | 12.73% |
| 2004-03-31 | 11.68% |
| 2003-12-31 | 9.66% |
| 2003-09-30 | 9.63% |
| 2003-06-30 | 7.76% |