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 8.97% is 24% above its 5-year average of 7.23%, near the high end of its 5-year range (3.73%–9.19%).
As of the fiscal period ended Wednesday, December 31, 2025. 1.21% below its 12-month average of 9.08%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
8.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.09%
CURRENT VS TTM AVG
-1.21%
CURRENT VS 3Y AVG
+5.53%
CURRENT VS 5Y AVG
+24.12%
CURRENT VS 10Y AVG
+28.43%
CURRENT VS 15Y AVG
+8.83%
CURRENT VS 20Y AVG
-1.27%
SECTOR MEDIAN · BASIC MATERIALS
7.19%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+24.84%
vs the sector median at left
Linde plc
Market Cap
$221.30B
Return on Invested Capital (ROIC)
8.97%
TTM Avg
9.08%
3Y Avg
8.50%
5Y Avg
7.23%
Market Cap
$214.63B
Return on Invested Capital (ROIC)
12.42%
TTM Avg
12.07%
3Y Avg
17.48%
5Y Avg
15.77%
Market Cap
$157.38B
Return on Invested Capital (ROIC)
9.18%
TTM Avg
10.93%
3Y Avg
12.42%
5Y Avg
14.45%
Market Cap
$152.44B
Return on Invested Capital (ROIC)
23.14%
TTM Avg
21.87%
3Y Avg
19.41%
5Y Avg
18.53%
Market Cap
$98.74B
Return on Invested Capital (ROIC)
12.23%
TTM Avg
10.17%
3Y Avg
-2.70%
5Y Avg
-0.68%
Market Cap
$90.03B
Return on Invested Capital (ROIC)
7.77%
TTM Avg
8.29%
3Y Avg
8.87%
5Y Avg
8.45%
Market Cap
$88.84B
Return on Invested Capital (ROIC)
8.68%
TTM Avg
7.82%
3Y Avg
7.36%
5Y Avg
6.62%
Market Cap
$82.74B
Return on Invested Capital (ROIC)
15.21%
TTM Avg
15.30%
3Y Avg
14.71%
5Y Avg
14.42%
Market Cap
$78.14B
Return on Invested Capital (ROIC)
11.95%
TTM Avg
11.88%
3Y Avg
10.14%
5Y Avg
9.59%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Linde plc (LIN) | $221.30B | 8.97% | 9.08% | 8.50% | 7.23% |
| BHP Group Limited (BHP)vs › | $214.63B | 12.42% | 12.07% | 17.48% | 15.77% |
| Rio Tinto Group (RIO)vs › | $157.38B | 9.18% | 10.93% | 12.42% | 14.45% |
| Southern Copper Corporation (SCCO)vs › | $152.44B | 23.14% | 21.87% | 19.41% | 18.53% |
| Newmont Corporation (NEM)vs › | $98.74B | 12.23% | 10.17% | -2.70% | -0.68% |
| Freeport-McMoRan Inc. (FCX)vs › | $90.03B | 7.77% | 8.29% | 8.87% | 8.45% |
| Johnson Controls International plc (JCI)vs › | $88.84B | 8.68% | 7.82% | 7.36% | 6.62% |
| The Sherwin-Williams Company (SHW)vs › | $82.74B | 15.21% | 15.30% | 14.71% | 14.42% |
| Ecolab Inc. (ECL)vs › | $78.14B | 11.95% | 11.88% | 10.14% | 9.59% |
| Air Products and Chemicals, Inc. (APD)vs › | $65.67B | -1.82% | 4.05% | 5.72% | 6.36% |
ROIC
9.0%
ROE
18.6%
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 | 8.97% |
| 2024-12-31 | 9.19% |
| 2023-12-31 | 8.84% |
| 2022-12-31 | 7.00% |
| 2021-12-31 | 5.63% |
| 2020-12-31 | 3.73% |
| 2019-12-31 | 3.13% |
| 2018-12-31 | 2.26% |
| 2017-12-31 | 7.61% |
| 2016-12-31 | 9.77% |
| 2015-12-31 | 10.70% |
| 2014-12-31 | 10.87% |
| 2013-12-31 | 10.71% |
| 2012-12-31 | 11.30% |
| 2011-12-31 | 12.34% |
| 2010-12-31 | 9.82% |
| 2009-12-31 | 13.24% |
| 2008-12-31 | 13.26% |
| 2007-12-31 | 11.48% |
| 2006-12-31 | 11.46% |
| 2005-12-31 | 9.49% |
| 2004-12-31 | 9.45% |
| 2003-12-31 | 9.72% |
| 2002-12-31 | 11.00% |
| 2001-12-31 | 9.03% |
| 2000-12-31 | 8.15% |
| 1999-12-31 | 8.15% |
| 1998-12-31 | 9.03% |
| 1997-12-31 | 9.23% |
| 1996-12-31 | 7.74% |
