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 7.19% is 10% below its 5-year average of 8.03%, near the low end of its 5-year range (2.41%–18.49%).
As of the fiscal period ended Tuesday, June 30, 2026. 18.47% above its 12-month average of 6.07%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 7.19%.
RETURN ON INVESTED CAPITAL (ROIC)
7.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
7.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.97%
CURRENT VS TTM AVG
+18.47%
CURRENT VS 3Y AVG
+36.67%
CURRENT VS 5Y AVG
-10.37%
CURRENT VS 10Y AVG
+80.52%
CURRENT VS 15Y AVG
-7.25%
CURRENT VS 20Y AVG
-19.85%
SECTOR MEDIAN · BASIC MATERIALS
8.91%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
-19.31%
vs the sector median at left
Nutrien Ltd.
Market Cap
$37.29B
Return on Invested Capital (ROIC)
7.19%
TTM Avg
6.07%
3Y Avg
5.26%
5Y Avg
8.03%
Market Cap
$34.15B
Return on Invested Capital (ROIC)
10.79%
TTM Avg
9.84%
3Y Avg
17.63%
5Y Avg
18.48%
Market Cap
$31.66B
Return on Invested Capital (ROIC)
8.25%
TTM Avg
7.30%
3Y Avg
6.97%
5Y Avg
6.71%
Market Cap
$31.03B
Return on Invested Capital (ROIC)
5.63%
TTM Avg
1.37%
3Y Avg
3.09%
5Y Avg
2.95%
Market Cap
$29.84B
Return on Invested Capital (ROIC)
5.50%
TTM Avg
9.46%
3Y Avg
8.63%
5Y Avg
8.08%
Market Cap
$50.44B
Return on Invested Capital (ROIC)
31.40%
TTM Avg
16.34%
3Y Avg
10.27%
5Y Avg
10.53%
Market Cap
$23.34B
Return on Invested Capital (ROIC)
8.84%
TTM Avg
10.23%
3Y Avg
9.31%
5Y Avg
9.08%
Market Cap
$21.73B
Return on Invested Capital (ROIC)
-0.06%
TTM Avg
1.89%
3Y Avg
4.28%
5Y Avg
5.44%
Market Cap
$21.55B
Return on Invested Capital (ROIC)
2.80%
TTM Avg
3.16%
3Y Avg
-1.32%
5Y Avg
-0.03%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nutrien Ltd. (NTR) | $37.29B | 7.19% | 6.07% | 5.26% | 8.03% |
| Steel Dynamics, Inc. (STLD)vs › | $34.15B | 10.79% | 9.84% | 17.63% | 18.48% |
| Vulcan Materials Company (VMC)vs › | $31.66B | 8.25% | 7.30% | 6.97% | 6.71% |
| Teck Resources Limited (TECK)vs › | $31.03B | 5.63% | 1.37% | 3.09% | 2.95% |
| Martin Marietta Materials, Inc. (MLM)vs › | $29.84B | 5.50% | 9.46% | 8.63% | 8.08% |
| AngloGold Ashanti plc (AU)vs › | $50.44B | 31.40% | 16.34% | 10.27% | 10.53% |
| PPG Industries, Inc. (PPG)vs › | $23.34B | 8.84% | 10.23% | 9.31% | 9.08% |
| Dow Inc. (DOW)vs › | $21.73B | -0.06% | 1.89% | 4.28% | 5.44% |
| International Flavors & Fragrances Inc. (IFF)vs › | $21.55B | 2.80% | 3.16% | -1.32% | -0.03% |
| LyondellBasell Industries N.V. (LYB)vs › | $20.96B | 3.48% | 2.04% | 6.45% | 8.28% |
ROIC
7.2%
ROE
9.2%
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) |
|---|---|
| 2026-06-30 | 7.19% |
| 2026-03-31 | 6.65% |
| 2025-12-31 | 6.42% |
| 2025-09-30 | 5.50% |
| 2025-06-30 | 4.61% |
| 2025-03-31 | 2.41% |
| 2024-12-31 | 2.91% |
| 2024-09-30 | 3.32% |
| 2024-06-30 | 2.74% |
| 2024-03-31 | 4.02% |
| 2023-12-31 | 5.19% |
| 2023-09-30 | 6.86% |
| 2023-06-30 | 10.61% |
| 2023-03-31 | 15.74% |
| 2022-12-31 | 18.49% |
| 2022-09-30 | 17.92% |
| 2022-06-30 | 17.05% |
| 2022-03-31 | 11.64% |
| 2021-12-31 | 9.20% |
| 2021-09-30 | 6.51% |
| 2021-06-30 | 3.57% |
| 2021-03-31 | 2.82% |
| 2020-12-31 | 2.40% |
| 2020-09-30 | 1.49% |
| 2020-06-30 | 3.19% |
| 2020-03-31 | 3.24% |
| 2019-12-31 | 3.61% |
| 2019-09-30 | 4.32% |
| 2019-06-30 | 1.64% |
| 2019-03-31 | 1.30% |
| 2018-12-31 | 1.07% |
| 2018-09-30 | -1.18% |
| 2018-06-30 | 1.98% |
| 2018-03-31 | -0.06% |
| 2017-12-31 | 0.48% |
| 2017-09-30 | 3.07% |
| 2017-06-30 | 3.30% |
| 2017-03-31 | 3.41% |
| 2016-12-31 | 3.12% |
| 2016-09-30 | 3.86% |
| 2016-06-30 | 5.05% |
| 2016-03-31 | 6.78% |
| 2015-12-31 | 8.69% |
| 2015-09-30 | 9.86% |
| 2015-06-30 | 9.75% |
| 2015-03-31 | 10.17% |
| 2014-12-31 | 10.07% |
| 2014-09-30 | 9.08% |
| 2014-06-30 | 9.21% |
| 2014-03-31 | 9.96% |
| 2013-12-31 | 11.24% |
| 2013-09-30 | 12.26% |
| 2013-06-30 | 13.77% |
| 2013-03-31 | 12.56% |
| 2012-12-31 | 12.58% |
| 2012-09-30 | 15.87% |
| 2012-06-30 | 17.33% |
| 2012-03-31 | 19.37% |
| 2011-12-31 | 21.97% |
| 2011-09-30 | 19.73% |
| 2011-06-30 | 16.24% |
| 2011-03-31 | 13.68% |
| 2010-12-31 | 11.87% |
| 2010-09-30 | 11.04% |
| 2010-06-30 | 11.75% |
| 2010-03-31 | 9.59% |
| 2009-12-31 | 9.08% |
| 2009-09-30 | 14.38% |
| 2009-06-30 | 24.26% |
| 2009-03-31 | 34.38% |
| 2008-12-31 | 39.09% |
| 2008-09-30 | 31.98% |
| 2008-06-30 | 20.24% |
| 2008-03-31 | 16.64% |
| 2007-12-31 | 13.08% |
| 2007-09-30 | 12.15% |
| 2007-06-30 | 11.98% |
| 2007-03-31 | 10.89% |
| 2006-12-31 | 12.35% |
| 2006-09-30 | 12.00% |
| 2006-06-30 | 11.94% |
| 2006-03-31 | 11.90% |
| 2005-12-31 | 13.25% |
| 2005-09-30 | 12.83% |
| 2005-06-30 | 11.41% |
| 2005-03-31 | 9.44% |
| 2004-12-31 | 7.88% |
| 2004-09-30 | 6.49% |
| 2004-06-30 | 1.74% |
| 2004-03-31 | 0.42% |
| 2003-12-31 | -1.03% |
| 2003-09-30 | -1.41% |
| 2003-06-30 | 2.76% |
