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 12.16% is in line with its 5-year average of 12.33%, around the middle of its 5-year range (9.35%–16.33%).
As of the fiscal period ended Friday, July 31, 2026. 11.74% above its 12-month average of 10.88%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-07-31): 12.16%.
RETURN ON INVESTED CAPITAL (ROIC)
12.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
12.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
11.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
12.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
12.11%
CURRENT VS TTM AVG
+11.74%
CURRENT VS 3Y AVG
+14.19%
CURRENT VS 5Y AVG
-1.37%
CURRENT VS 10Y AVG
+2.50%
CURRENT VS 15Y AVG
-0.55%
CURRENT VS 20Y AVG
+0.39%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+27.26%
vs the sector median at left
Nordson Corporation
Market Cap
$17.36B
Return on Invested Capital (ROIC)
12.16%
TTM Avg
10.88%
3Y Avg
10.65%
5Y Avg
12.33%
Market Cap
$17.22B
Return on Invested Capital (ROIC)
10.64%
TTM Avg
6.63%
3Y Avg
4.23%
5Y Avg
3.79%
Market Cap
$16.93B
Return on Invested Capital (ROIC)
5.26%
TTM Avg
6.65%
3Y Avg
5.55%
5Y Avg
5.14%
Market Cap
$16.77B
Return on Invested Capital (ROIC)
8.09%
TTM Avg
7.89%
3Y Avg
8.73%
5Y Avg
7.44%
Market Cap
$18.03B
Return on Invested Capital (ROIC)
18.93%
TTM Avg
17.63%
3Y Avg
18.81%
5Y Avg
18.80%
Market Cap
$16.68B
Return on Invested Capital (ROIC)
6.20%
TTM Avg
6.54%
3Y Avg
8.07%
5Y Avg
7.15%
Market Cap
$16.49B
Return on Invested Capital (ROIC)
8.93%
TTM Avg
8.75%
3Y Avg
10.22%
5Y Avg
10.51%
Market Cap
$18.66B
Return on Invested Capital (ROIC)
7.91%
TTM Avg
7.52%
3Y Avg
7.25%
5Y Avg
7.45%
Market Cap
$15.92B
Return on Invested Capital (ROIC)
24.77%
TTM Avg
17.26%
3Y Avg
14.55%
5Y Avg
12.50%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nordson Corporation (NDSN) | $17.36B | 12.16% | 10.88% | 10.65% | 12.33% |
| MasTec, Inc. (MTZ)vs › | $17.22B | 10.64% | 6.63% | 4.23% | 3.79% |
| Jacobs Solutions Inc. (J)vs › | $16.93B | 5.26% | 6.65% | 5.55% | 5.14% |
| WESCO International, Inc. (WCC)vs › | $16.77B | 8.09% | 7.89% | 8.73% | 7.44% |
| C.H. Robinson Worldwide, Inc. (CHRW)vs › | $18.03B | 18.93% | 17.63% | 18.81% | 18.80% |
| CNH Industrial N.V. (CNH)vs › | $16.68B | 6.20% | 6.54% | 8.07% | 7.15% |
| IDEX Corporation (IEX)vs › | $16.49B | 8.93% | 8.75% | 10.22% | 10.51% |
| Equifax Inc. (EFX)vs › | $18.66B | 7.91% | 7.52% | 7.25% | 7.45% |
| Sterling Infrastructure, Inc. (STRL)vs › | $15.92B | 24.77% | 17.26% | 14.55% | 12.50% |
| RBC Bearings Incorporated (RBC)vs › | $15.85B | 7.46% | 6.79% | 6.29% | 5.63% |
ROIC
12.2%
ROE
17.0%
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) |
|---|---|
| 2026-07-31 | 12.16% |
| 2026-04-30 | 11.25% |
| 2026-01-31 | 10.72% |
| 2025-10-31 | 10.49% |
| 2025-07-31 | 9.79% |
| 2025-04-30 | 9.35% |
| 2025-01-31 | 9.55% |
| 2024-10-31 | 9.61% |
| 2024-07-31 | 11.19% |
| 2024-04-30 | 11.34% |
| 2024-01-31 | 11.26% |
| 2023-10-31 | 11.09% |
| 2023-07-31 | 13.87% |
| 2023-04-30 | 14.04% |
| 2023-01-31 | 14.17% |
| 2022-10-31 | 16.33% |
| 2022-07-31 | 15.59% |
| 2022-04-30 | 15.74% |
| 2022-01-31 | 15.13% |
| 2021-10-31 | 14.31% |
| 2021-07-31 | 11.94% |
| 2021-04-30 | 10.63% |
| 2021-01-31 | 9.27% |
| 2020-10-31 | 8.58% |
| 2020-07-31 | 10.58% |
| 2020-04-30 | 10.88% |
| 2020-01-31 | 11.56% |
| 2019-10-31 | 11.76% |
| 2019-07-31 | 11.19% |
| 2019-04-30 | 11.43% |
| 2019-01-31 | 11.56% |
| 2018-10-31 | 13.56% |
| 2018-07-31 | 12.52% |
| 2018-04-30 | 12.86% |
| 2018-01-31 | 12.02% |
| 2017-10-31 | 10.40% |
| 2017-07-31 | 9.94% |
| 2017-04-30 | 9.56% |
| 2017-01-31 | 13.74% |
| 2016-10-31 | 13.42% |
| 2016-07-31 | 12.04% |
| 2016-04-30 | 11.44% |
| 2016-01-31 | 10.58% |
| 2015-10-31 | 10.65% |
| 2015-07-31 | 11.84% |
| 2015-04-30 | 12.54% |
| 2015-01-31 | 13.09% |
| 2014-10-31 | 12.68% |
| 2014-07-31 | 13.08% |
| 2014-04-30 | 12.34% |
| 2014-01-31 | 12.21% |
| 2013-10-31 | 12.68% |
| 2013-07-31 | 14.53% |
| 2013-04-30 | 14.67% |
| 2013-01-31 | 14.59% |
| 2012-10-31 | 14.53% |
| 2012-07-31 | 13.86% |
| 2012-04-30 | 17.49% |
| 2012-01-31 | 18.86% |
| 2011-10-31 | 19.77% |
| 2011-07-31 | 24.41% |
| 2011-04-30 | 24.77% |
| 2011-01-31 | 22.43% |
| 2010-10-31 | 21.04% |
| 2010-07-31 | -4.45% |
| 2010-04-30 | -8.73% |
| 2010-01-31 | -14.15% |
| 2009-10-31 | -17.28% |
| 2009-07-31 | 8.19% |
| 2009-04-30 | 9.19% |
| 2009-01-31 | 11.00% |
| 2008-10-31 | 12.27% |
| 2008-07-31 | 11.61% |
| 2008-04-30 | 11.25% |
| 2008-01-31 | 9.98% |
| 2007-10-31 | 9.86% |
| 2007-07-31 | 10.98% |
| 2007-04-30 | 11.06% |
| 2007-01-31 | 12.32% |
| 2006-10-31 | 16.96% |
| 2006-07-31 | 16.19% |
| 2006-04-30 | 14.63% |
| 2006-01-31 | 14.40% |
| 2005-10-31 | 13.93% |
| 2005-07-31 | 11.37% |
| 2005-05-01 | 11.08% |
| 2005-01-30 | 11.12% |
| 2004-10-31 | 11.12% |
| 2004-08-01 | 10.20% |
| 2004-05-02 | 9.22% |
| 2004-02-01 | 8.00% |
| 2003-10-31 | 7.34% |
| 2003-08-03 | 5.31% |
