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 17.39% is in line with its 5-year average of 18.91%, near the low end of its 5-year range (16.33%–20.69%).
As of the fiscal period ended Wednesday, December 31, 2025. 3.14% above its 12-month average of 16.86%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
17.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
16.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
18.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
18.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
16.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
15.16%
CURRENT VS TTM AVG
+3.14%
CURRENT VS 3Y AVG
-5.22%
CURRENT VS 5Y AVG
-8.05%
CURRENT VS 10Y AVG
+3.84%
CURRENT VS 15Y AVG
+13.02%
CURRENT VS 20Y AVG
+14.74%
SECTOR MEDIAN · INDUSTRIALS
9.21%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+88.71%
vs the sector median at left
Lockheed Martin Corporation
Market Cap
$134.49B
Return on Invested Capital (ROIC)
17.39%
TTM Avg
16.86%
3Y Avg
18.35%
5Y Avg
18.91%
Market Cap
$123.13B
Return on Invested Capital (ROIC)
13.69%
TTM Avg
12.91%
3Y Avg
11.49%
5Y Avg
10.97%
Market Cap
$149.69B
Return on Invested Capital (ROIC)
9.12%
TTM Avg
8.91%
3Y Avg
-0.69%
5Y Avg
-2.04%
Market Cap
$112.93B
Return on Invested Capital (ROIC)
18.19%
TTM Avg
16.84%
3Y Avg
13.44%
5Y Avg
11.63%
Market Cap
$159.98B
Return on Invested Capital (ROIC)
7.13%
TTM Avg
7.13%
3Y Avg
9.73%
5Y Avg
9.30%
Market Cap
$161.22B
Return on Invested Capital (ROIC)
13.14%
TTM Avg
13.05%
3Y Avg
11.55%
5Y Avg
10.10%
Market Cap
$103.74B
Return on Invested Capital (ROIC)
10.58%
TTM Avg
10.30%
3Y Avg
9.74%
5Y Avg
9.56%
Market Cap
$100.33B
Return on Invested Capital (ROIC)
7.07%
TTM Avg
7.53%
3Y Avg
7.36%
5Y Avg
7.14%
Market Cap
$100.10B
Return on Invested Capital (ROIC)
20.26%
TTM Avg
19.73%
3Y Avg
17.71%
5Y Avg
15.16%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Lockheed Martin Corporation (LMT) | $134.49B | 17.39% | 16.86% | 18.35% | 18.91% |
| Parker-Hannifin Corporation (PH)vs › | $123.13B | 13.69% | 12.91% | 11.49% | 10.97% |
| Siemens Energy AG (SMEGF)vs › | $149.69B | 9.12% | 8.91% | -0.69% | -2.04% |
| Howmet Aerospace Inc. (HWM)vs › | $112.93B | 18.19% | 16.84% | 13.44% | 11.63% |
| Deere & Company (DE)vs › | $159.98B | 7.13% | 7.13% | 9.73% | 9.30% |
| Eaton Corporation plc (ETN)vs › | $161.22B | 13.14% | 13.05% | 11.55% | 10.10% |
| General Dynamics Corporation (GD)vs › | $103.74B | 10.58% | 10.30% | 9.74% | 9.56% |
| Quanta Services, Inc. (PWR)vs › | $100.33B | 7.07% | 7.53% | 7.36% | 7.14% |
| Trane Technologies plc (TT)vs › | $100.10B | 20.26% | 19.73% | 17.71% | 15.16% |
| The Boeing Company (BA)vs › | $170.83B | -6.67% | -11.95% | -8.08% | -8.72% |
ROIC
17.4%
ROE
71.7%
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 | 17.39% |
| 2024-12-31 | 16.33% |
| 2023-12-31 | 20.37% |
| 2022-12-31 | 19.30% |
| 2021-12-31 | 20.69% |
| 2020-12-31 | 19.40% |
| 2019-12-31 | 21.12% |
| 2018-12-31 | 19.82% |
| 2017-12-31 | 7.13% |
| 2016-12-31 | 12.83% |
| 2015-12-31 | 9.83% |
| 2014-12-31 | 14.81% |
| 2013-12-31 | 12.76% |
| 2012-12-31 | 11.22% |
| 2011-12-31 | 11.34% |
| 2010-12-31 | 11.85% |
| 2009-12-31 | 12.90% |
| 2008-12-31 | 15.17% |
| 2007-12-31 | 17.89% |
| 2006-12-31 | 14.87% |
| 2005-12-31 | 11.25% |
| 2004-12-31 | 9.35% |
| 2003-12-31 | 7.80% |
| 2002-12-31 | 10.41% |
| 2001-12-31 | 3.59% |
| 2000-12-31 | -11.36% |
| 1999-12-31 | 4.71% |
| 1998-12-31 | 6.95% |
| 1997-12-31 | 7.50% |
| 1996-12-31 | 6.92% |
