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 12.01% is 192% above its 5-year average of 4.12%, near the high end of its 5-year range (-7.46%–12.01%).
As of the fiscal period ended Wednesday, December 31, 2025. 13.89% above its 12-month average of 10.54%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
12.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.03%
CURRENT VS TTM AVG
+13.89%
CURRENT VS 3Y AVG
+152.05%
CURRENT VS 5Y AVG
+191.62%
CURRENT VS 10Y AVG
+81.22%
CURRENT VS 15Y AVG
+42.78%
CURRENT VS 20Y AVG
+49.52%
SECTOR MEDIAN · INDUSTRIALS
9.77%
median of 150 covered companies
CURRENT VS SECTOR MEDIAN
+22.99%
vs the sector median at left
MTU Aero Engines AG
Market Cap
$22.35B
Return on Invested Capital (ROIC)
12.01%
TTM Avg
10.54%
3Y Avg
4.76%
5Y Avg
4.12%
Market Cap
$22.08B
Return on Invested Capital (ROIC)
9.10%
TTM Avg
8.09%
3Y Avg
6.79%
5Y Avg
5.41%
Market Cap
$22.03B
Return on Invested Capital (ROIC)
12.68%
TTM Avg
11.36%
3Y Avg
10.29%
5Y Avg
9.38%
Market Cap
$22.83B
Return on Invested Capital (ROIC)
7.91%
TTM Avg
7.52%
3Y Avg
7.25%
5Y Avg
7.45%
Market Cap
$24.01B
Return on Invested Capital (ROIC)
10.66%
TTM Avg
6.55%
3Y Avg
6.97%
5Y Avg
6.06%
Market Cap
$24.03B
Return on Invested Capital (ROIC)
14.70%
TTM Avg
16.98%
3Y Avg
19.04%
5Y Avg
19.79%
Market Cap
$24.29B
Return on Invested Capital (ROIC)
9.55%
TTM Avg
14.57%
3Y Avg
14.06%
5Y Avg
12.58%
Market Cap
$20.27B
Return on Invested Capital (ROIC)
12.35%
TTM Avg
13.79%
3Y Avg
14.76%
5Y Avg
14.83%
Market Cap
$24.51B
Return on Invested Capital (ROIC)
11.14%
TTM Avg
8.86%
3Y Avg
10.88%
5Y Avg
11.43%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MTU Aero Engines AG (MTUAY) | $22.35B | 12.01% | 10.54% | 4.76% | 4.12% |
| XPO Logistics, Inc. (XPO)vs › | $22.08B | 9.10% | 8.09% | 6.79% | 5.41% |
| Curtiss-Wright Corporation (CW)vs › | $22.03B | 12.68% | 11.36% | 10.29% | 9.38% |
| Equifax Inc. (EFX)vs › | $22.83B | 7.91% | 7.52% | 7.25% | 7.45% |
| nVent Electric plc (NVT)vs › | $24.01B | 10.66% | 6.55% | 6.97% | 6.06% |
| Veralto Corporation (VLTO)vs › | $24.03B | 14.70% | 16.98% | 19.04% | 19.79% |
| Hubbell Incorporated (HUBB)vs › | $24.29B | 9.55% | 14.57% | 14.06% | 12.58% |
| Snap-on Incorporated (SNA)vs › | $20.27B | 12.35% | 13.79% | 14.76% | 14.83% |
| J.B. Hunt Transport Services, Inc. (JBHT)vs › | $24.51B | 11.14% | 8.86% | 10.88% | 11.43% |
| Expeditors International of Washington, Inc. (EXPD)vs › | $24.98B | 34.54% | 28.21% | 29.84% | 29.70% |
ROIC
12.0%
ROE
23.6%
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) |
|---|---|
| 2025-12-31 | 12.01% |
| 2024-12-31 | 9.08% |
| 2023-12-31 | -7.46% |
| 2022-12-31 | 5.43% |
| 2021-12-31 | 3.08% |
| 2020-12-31 | 2.57% |
| 2019-12-31 | 12.04% |
| 2018-12-31 | 10.47% |
| 2017-12-31 | 9.24% |
| 2016-12-31 | 8.66% |
| 2015-12-31 | 7.78% |
| 2014-12-31 | 7.48% |
| 2013-12-31 | 7.35% |
| 2012-12-31 | 7.22% |
| 2011-12-31 | 9.42% |
| 2010-12-31 | 8.50% |
| 2009-12-31 | 10.02% |
| 2008-12-31 | 12.52% |
| 2007-12-31 | 17.01% |
| 2006-12-31 | 5.08% |
| 2005-12-31 | 4.67% |
| 2004-12-31 | 2.42% |
