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 7.47% is in line with its 5-year average of 7.86%, around the middle of its 5-year range (5.65%–10.12%).
As of the fiscal period ended Wednesday, December 31, 2025. 1.36% above its 12-month average of 7.37%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
7.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
7.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.19%
CURRENT VS TTM AVG
+1.36%
CURRENT VS 3Y AVG
-2.06%
CURRENT VS 5Y AVG
-4.96%
CURRENT VS 10Y AVG
-4.94%
CURRENT VS 15Y AVG
-1.69%
CURRENT VS 20Y AVG
+3.93%
SECTOR MEDIAN · INDUSTRIALS
9.03%
median of 131 covered companies
CURRENT VS SECTOR MEDIAN
-17.28%
vs the sector median at left
Norfolk Southern Corporation
Market Cap
$76.11B
Return on Invested Capital (ROIC)
7.47%
TTM Avg
7.37%
3Y Avg
7.63%
5Y Avg
7.86%
Market Cap
$78.02B
Return on Invested Capital (ROIC)
9.21%
TTM Avg
9.50%
3Y Avg
8.62%
5Y Avg
9.59%
Market Cap
$73.96B
Return on Invested Capital (ROIC)
5.95%
TTM Avg
5.97%
3Y Avg
5.83%
5Y Avg
6.14%
Market Cap
$78.30B
Return on Invested Capital (ROIC)
9.22%
TTM Avg
9.07%
3Y Avg
9.79%
5Y Avg
9.60%
Market Cap
$78.57B
Return on Invested Capital (ROIC)
8.90%
TTM Avg
8.82%
3Y Avg
9.96%
5Y Avg
9.68%
Market Cap
$73.16B
Return on Invested Capital (ROIC)
15.22%
TTM Avg
14.50%
3Y Avg
12.67%
5Y Avg
11.39%
Market Cap
$72.74B
Return on Invested Capital (ROIC)
6.39%
TTM Avg
8.44%
3Y Avg
10.51%
5Y Avg
8.23%
Market Cap
$81.41B
Return on Invested Capital (ROIC)
5.09%
TTM Avg
4.89%
3Y Avg
1.62%
5Y Avg
3.59%
Market Cap
$68.43B
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Norfolk Southern Corporation (NSC) | $76.11B | 7.47% | 7.37% | 7.63% | 7.86% |
| Northrop Grumman Corporation (NOC)vs › | $78.02B | 9.21% | 9.50% | 8.62% | 9.59% |
| FedEx Corporation (FDX)vs › | $73.96B | 5.95% | 5.97% | 5.83% | 6.14% |
| Honeywell International Inc. (HON)vs › | $78.30B | 9.22% | 9.07% | 9.79% | 9.60% |
| Canadian National Railway Company (CNI)vs › | $78.57B | 8.90% | 8.82% | 9.96% | 9.68% |
| TransDigm Group Incorporated (TDG)vs › | $73.16B | 15.22% | 14.50% | 12.67% | 11.39% |
| PACCAR Inc (PCAR)vs › | $72.74B | 6.39% | 8.44% | 10.51% | 8.23% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $81.41B | 5.09% | 4.89% | 1.62% | 3.59% |
| Honeywell Aerospace Inc (HONA)vs › | $68.43B | N/A | N/A | N/A | N/A |
| United Rentals, Inc. (URI)vs › | $67.92B | 10.75% | 11.25% | 11.45% | 10.59% |
ROIC
7.5%
ROE
16.2%
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 | 7.47% |
| 2024-12-31 | 7.27% |
| 2023-12-31 | 5.65% |
| 2022-12-31 | 10.12% |
| 2021-12-31 | 9.24% |
| 2020-12-31 | 7.41% |
| 2019-12-31 | 8.42% |
| 2018-12-31 | 8.89% |
| 2017-12-31 | 10.40% |
| 2016-12-31 | 5.97% |
| 2015-12-31 | 5.60% |
| 2014-12-31 | 7.22% |
| 2013-12-31 | 6.82% |
| 2012-12-31 | 6.94% |
| 2011-12-31 | 7.80% |
| 2010-12-31 | 6.35% |
| 2009-12-31 | 4.80% |
| 2008-12-31 | 7.80% |
| 2007-12-31 | 6.86% |
| 2006-12-31 | 6.95% |
| 2005-12-31 | 6.72% |
| 2004-12-31 | 5.20% |
| 2003-12-31 | 3.90% |
| 2002-12-31 | 4.09% |
| 2001-12-31 | 3.74% |
| 2000-12-31 | 2.50% |
| 1999-12-31 | 2.74% |
| 1998-12-31 | 4.56% |
| 1997-12-31 | 5.20% |
| 1996-12-31 | 7.46% |