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 9.21% is in line with its 5-year average of 9.59%, around the middle of its 5-year range (6.40%–13.36%).
As of the fiscal period ended Wednesday, December 31, 2025. 3.05% below its 12-month average of 9.50%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
9.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.61%
CURRENT VS TTM AVG
-3.05%
CURRENT VS 3Y AVG
+6.91%
CURRENT VS 5Y AVG
-4.00%
CURRENT VS 10Y AVG
-7.98%
CURRENT VS 15Y AVG
-13.10%
CURRENT VS 20Y AVG
-4.17%
SECTOR MEDIAN · INDUSTRIALS
9.22%
median of 129 covered companies
CURRENT VS SECTOR MEDIAN
-0.11%
vs the sector median at left
Northrop Grumman Corporation
Market Cap
$81.55B
Return on Invested Capital (ROIC)
9.21%
TTM Avg
9.50%
3Y Avg
8.62%
5Y Avg
9.59%
Market Cap
$82.42B
Return on Invested Capital (ROIC)
5.09%
TTM Avg
4.89%
3Y Avg
1.62%
5Y Avg
3.59%
Market Cap
$80.49B
Return on Invested Capital (ROIC)
23.39%
TTM Avg
23.17%
3Y Avg
21.34%
5Y Avg
19.82%
Market Cap
$83.45B
Return on Invested Capital (ROIC)
24.49%
TTM Avg
25.84%
3Y Avg
24.99%
5Y Avg
22.94%
Market Cap
$78.98B
Return on Invested Capital (ROIC)
5.95%
TTM Avg
5.97%
3Y Avg
5.83%
5Y Avg
6.14%
Market Cap
$77.25B
Return on Invested Capital (ROIC)
8.90%
TTM Avg
8.82%
3Y Avg
9.96%
5Y Avg
9.68%
Market Cap
$76.17B
Return on Invested Capital (ROIC)
7.47%
TTM Avg
7.37%
3Y Avg
7.63%
5Y Avg
7.86%
Market Cap
$87.87B
Return on Invested Capital (ROIC)
11.41%
TTM Avg
12.55%
3Y Avg
9.89%
5Y Avg
10.37%
Market Cap
$74.15B
Return on Invested Capital (ROIC)
9.22%
TTM Avg
9.07%
3Y Avg
9.79%
5Y Avg
9.60%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Northrop Grumman Corporation (NOC) | $81.55B | 9.21% | 9.50% | 8.62% | 9.59% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $82.42B | 5.09% | 4.89% | 1.62% | 3.59% |
| Cintas Corporation (CTAS)vs › | $80.49B | 23.39% | 23.17% | 21.34% | 19.82% |
| Illinois Tool Works Inc. (ITW)vs › | $83.45B | 24.49% | 25.84% | 24.99% | 22.94% |
| FedEx Corporation (FDX)vs › | $78.98B | 5.95% | 5.97% | 5.83% | 6.14% |
| Canadian National Railway Company (CNI)vs › | $77.25B | 8.90% | 8.82% | 9.96% | 9.68% |
| Norfolk Southern Corporation (NSC)vs › | $76.17B | 7.47% | 7.37% | 7.63% | 7.86% |
| Cummins Inc. (CMI)vs › | $87.87B | 11.41% | 12.55% | 9.89% | 10.37% |
| Honeywell International Inc. (HON)vs › | $74.15B | 9.22% | 9.07% | 9.79% | 9.60% |
| United Parcel Service, Inc. (UPS)vs › | $89.44B | 10.40% | 11.21% | 13.32% | 13.95% |
ROIC
9.2%
ROE
25.1%
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 | 9.21% |
| 2024-12-31 | 9.79% |
| 2023-12-31 | 6.40% |
| 2022-12-31 | 9.06% |
| 2021-12-31 | 13.36% |
| 2020-12-31 | 9.74% |
| 2019-12-31 | 10.62% |
| 2018-12-31 | 10.91% |
| 2017-12-31 | 7.50% |
| 2016-12-31 | 12.02% |
| 2015-12-31 | 11.48% |
| 2014-12-31 | 10.89% |
| 2013-12-31 | 10.35% |
| 2012-12-31 | 10.19% |
| 2011-12-31 | 11.49% |
| 2010-12-31 | 12.37% |
| 2009-12-31 | 7.38% |
| 2008-12-31 | -0.48% |
| 2007-12-31 | 7.45% |
| 2006-12-31 | 6.64% |
| 2005-12-31 | 5.36% |
| 2004-12-31 | 5.09% |
| 2003-12-31 | 4.05% |
| 2002-12-31 | 3.09% |
| 2001-12-31 | 3.78% |
| 2000-12-31 | 10.14% |
| 1999-12-31 | 8.72% |
| 1998-12-31 | 6.32% |
| 1997-12-31 | 7.59% |
| 1996-12-31 | 5.53% |
