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 9.77% is 33% above its 5-year average of 7.37%, near the high end of its 5-year range (4.85%–9.77%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.80% above its 12-month average of 9.06%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-06-30): 9.77%.
RETURN ON INVESTED CAPITAL (ROIC)
9.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.76%
CURRENT VS TTM AVG
+7.80%
CURRENT VS 3Y AVG
+20.80%
CURRENT VS 5Y AVG
+32.59%
CURRENT VS 10Y AVG
+66.79%
CURRENT VS 15Y AVG
+52.24%
CURRENT VS 20Y AVG
+44.48%
SECTOR MEDIAN · BASIC MATERIALS
8.91%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
+9.58%
vs the sector median at left
Johnson Controls International plc
Market Cap
$85.09B
Return on Invested Capital (ROIC)
9.77%
TTM Avg
9.06%
3Y Avg
8.09%
5Y Avg
7.37%
Market Cap
$78.04B
Return on Invested Capital (ROIC)
14.59%
TTM Avg
15.02%
3Y Avg
14.74%
5Y Avg
14.56%
Market Cap
$77.14B
Return on Invested Capital (ROIC)
9.42%
TTM Avg
11.92%
3Y Avg
10.20%
5Y Avg
9.64%
Market Cap
$71.29B
Return on Invested Capital (ROIC)
17.08%
TTM Avg
10.16%
3Y Avg
7.31%
5Y Avg
7.34%
Market Cap
$99.56B
Return on Invested Capital (ROIC)
8.80%
TTM Avg
8.30%
3Y Avg
8.88%
5Y Avg
8.51%
Market Cap
$66.63B
Return on Invested Capital (ROIC)
16.61%
TTM Avg
11.24%
3Y Avg
9.32%
5Y Avg
9.68%
Market Cap
$63.93B
Return on Invested Capital (ROIC)
-1.61%
TTM Avg
3.81%
3Y Avg
5.62%
5Y Avg
6.30%
Market Cap
$60.26B
Return on Invested Capital (ROIC)
8.48%
TTM Avg
11.31%
3Y Avg
13.87%
5Y Avg
16.82%
Market Cap
$59.37B
Return on Invested Capital (ROIC)
10.13%
TTM Avg
7.31%
3Y Avg
10.13%
5Y Avg
15.59%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Johnson Controls International plc (JCI) | $85.09B | 9.77% | 9.06% | 8.09% | 7.37% |
| The Sherwin-Williams Company (SHW)vs › | $78.04B | 14.59% | 15.02% | 14.74% | 14.56% |
| Ecolab Inc. (ECL)vs › | $77.14B | 9.42% | 11.92% | 10.20% | 9.64% |
| Barrick Mining Corporation (B)vs › | $71.29B | 17.08% | 10.16% | 7.31% | 7.34% |
| Freeport-McMoRan Inc. (FCX)vs › | $99.56B | 8.80% | 8.30% | 8.88% | 8.51% |
| Wheaton Precious Metals Corp. (WPM)vs › | $66.63B | 16.61% | 11.24% | 9.32% | 9.68% |
| Air Products and Chemicals, Inc. (APD)vs › | $63.93B | -1.61% | 3.81% | 5.62% | 6.30% |
| Vale S.A. (VALE)vs › | $60.26B | 8.48% | 11.31% | 13.87% | 16.82% |
| Nucor Corporation (NUE)vs › | $59.37B | 10.13% | 7.31% | 10.13% | 15.59% |
| CRH plc (CRH)vs › | $57.93B | 8.23% | 8.61% | 8.75% | 7.88% |
ROIC
9.8%
ROE
26.6%
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 | 9.77% |
| 2026-03-31 | 9.49% |
| 2025-12-31 | 9.55% |
| 2025-09-30 | 8.75% |
| 2025-06-30 | 7.74% |
| 2025-03-31 | 8.72% |
| 2024-12-31 | 6.84% |
| 2024-09-30 | 6.96% |
| 2024-06-30 | 6.63% |
| 2024-03-31 | 5.63% |
| 2023-12-31 | 7.86% |
| 2023-09-30 | 8.55% |
| 2023-06-30 | 8.62% |
| 2023-03-31 | 7.58% |
| 2022-12-31 | 7.18% |
| 2022-09-30 | 7.32% |
| 2022-06-30 | 4.85% |
| 2022-03-31 | 5.30% |
| 2021-12-31 | 5.80% |
| 2021-09-30 | 5.57% |
| 2021-06-30 | 5.99% |
| 2021-03-31 | 5.06% |
| 2020-12-31 | 4.86% |
| 2020-09-30 | 4.70% |
| 2020-06-30 | 3.75% |
| 2020-03-31 | 4.68% |
| 2019-12-31 | 4.46% |
| 2019-09-30 | 4.24% |
| 2019-06-30 | 4.97% |
| 2019-03-31 | 4.79% |
| 2018-12-31 | 4.76% |
| 2018-09-30 | 4.34% |
| 2018-06-30 | 5.00% |
| 2018-03-31 | 5.25% |
| 2017-12-31 | 4.29% |
| 2017-09-30 | 5.48% |
| 2017-06-30 | 2.69% |
| 2017-03-31 | 2.38% |
| 2016-12-31 | 2.19% |
| 2016-09-30 | 1.67% |
| 2016-06-24 | 6.31% |
| 2016-03-25 | 6.77% |
| 2015-12-25 | 7.39% |
| 2015-09-30 | 8.87% |
| 2015-06-26 | 8.83% |
| 2015-03-27 | 8.12% |
| 2014-12-26 | 7.79% |
| 2014-09-30 | 7.43% |
| 2014-06-27 | 7.03% |
| 2014-03-28 | 8.46% |
| 2013-12-27 | 7.30% |
| 2013-09-30 | 7.25% |
| 2013-06-28 | 6.37% |
| 2013-03-29 | 5.50% |
| 2012-12-28 | 6.71% |
| 2012-09-30 | 7.20% |
| 2012-06-29 | 8.61% |
| 2012-03-30 | 8.07% |
| 2011-12-30 | 8.32% |
| 2011-09-30 | 8.40% |
| 2011-06-24 | 8.05% |
| 2011-03-25 | 8.59% |
| 2010-12-24 | 8.92% |
| 2010-09-30 | 9.00% |
| 2010-06-25 | 9.54% |
| 2010-03-26 | 8.19% |
| 2009-12-25 | 5.49% |
| 2009-09-30 | 2.10% |
| 2009-06-26 | 3.46% |
| 2009-03-27 | 5.98% |
| 2008-12-26 | 4.10% |
| 2008-09-30 | 9.33% |
| 2008-06-27 | 7.93% |
| 2008-03-28 | 7.88% |
| 2007-12-28 | 9.58% |
| 2007-09-30 | 9.03% |
| 2007-06-29 | 8.46% |
| 2007-03-30 | 9.69% |
| 2006-12-29 | 8.96% |
| 2006-09-30 | 9.64% |
| 2006-06-30 | 8.77% |
| 2006-03-31 | 7.16% |
| 2005-12-30 | 7.23% |
| 2005-09-30 | 10.05% |
| 2005-07-01 | 10.25% |
| 2005-04-01 | 8.94% |
| 2004-12-31 | 9.38% |
| 2004-09-30 | 10.42% |
| 2004-06-30 | 10.55% |
| 2004-03-31 | 9.47% |
| 2003-12-31 | 9.44% |
| 2003-09-30 | 9.87% |
| 2003-06-30 | 10.06% |
