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 19.91% is 15% below its 5-year average of 23.46%, near the low end of its 5-year range (16.94%–31.80%).
As of the fiscal period ended Wednesday, December 31, 2025. 8.44% below its 12-month average of 21.74%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
19.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
21.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
25.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
23.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
19.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
17.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
14.34%
CURRENT VS TTM AVG
-8.44%
CURRENT VS 3Y AVG
-20.38%
CURRENT VS 5Y AVG
-15.13%
CURRENT VS 10Y AVG
-0.40%
CURRENT VS 15Y AVG
+15.41%
CURRENT VS 20Y AVG
+38.88%
SECTOR MEDIAN · INDUSTRIALS
9.07%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+119.39%
vs the sector median at left
Old Dominion Freight Line, Inc.
Market Cap
$44.12B
Return on Invested Capital (ROIC)
19.91%
TTM Avg
21.74%
3Y Avg
25.01%
5Y Avg
23.46%
Market Cap
$42.84B
Return on Invested Capital (ROIC)
10.13%
TTM Avg
11.64%
3Y Avg
11.08%
5Y Avg
10.19%
Market Cap
$42.54B
Return on Invested Capital (ROIC)
-1.11%
TTM Avg
0.27%
3Y Avg
2.42%
5Y Avg
0.62%
Market Cap
$47.22B
Return on Invested Capital (ROIC)
5.32%
TTM Avg
8.88%
3Y Avg
5.55%
5Y Avg
5.15%
Market Cap
$39.38B
Return on Invested Capital (ROIC)
6.63%
TTM Avg
6.83%
3Y Avg
5.79%
5Y Avg
1.90%
Market Cap
$49.13B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
7.77%
3Y Avg
6.65%
5Y Avg
5.74%
Market Cap
$49.65B
Return on Invested Capital (ROIC)
11.05%
TTM Avg
10.48%
3Y Avg
9.84%
5Y Avg
10.04%
Market Cap
$37.60B
Return on Invested Capital (ROIC)
-10.09%
TTM Avg
-16.12%
3Y Avg
-18.18%
5Y Avg
-20.49%
Market Cap
$50.95B
Return on Invested Capital (ROIC)
5.41%
TTM Avg
4.52%
3Y Avg
5.71%
5Y Avg
7.16%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Old Dominion Freight Line, Inc. (ODFL) | $44.12B | 19.91% | 21.74% | 25.01% | 23.46% |
| Thomson Reuters Corporation (TRI)vs › | $42.84B | 10.13% | 11.64% | 11.08% | 10.19% |
| Axon Enterprise, Inc. (AXON)vs › | $42.54B | -1.11% | 0.27% | 2.42% | 0.62% |
| Ferrovial SE (FER)vs › | $47.22B | 5.32% | 8.88% | 5.55% | 5.15% |
| United Airlines Holdings, Inc. (UAL)vs › | $39.38B | 6.63% | 6.83% | 5.79% | 1.90% |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $49.13B | 7.64% | 7.77% | 6.65% | 5.74% |
| HEICO Corporation (HEI-A)vs › | $49.65B | 11.05% | 10.48% | 9.84% | 10.04% |
| Rocket Lab USA, Inc. (RKLB)vs › | $37.60B | -10.09% | -16.12% | -18.18% | -20.49% |
| Carrier Global Corporation (CARR)vs › | $50.95B | 5.41% | 4.52% | 5.71% | 7.16% |
| L3Harris Technologies, Inc. (LHX)vs › | $51.61B | 5.14% | 5.24% | 5.14% | 5.34% |
ROIC
19.9%
ROE
23.9%
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 | 19.91% |
| 2024-12-31 | 23.58% |
| 2023-12-31 | 24.74% |
| 2022-12-31 | 31.80% |
| 2021-12-31 | 23.79% |
| 2020-12-31 | 16.94% |
| 2019-12-31 | 16.85% |
| 2018-12-31 | 19.03% |
| 2017-12-31 | 16.76% |
| 2016-12-31 | 12.45% |
| 2015-12-31 | 14.03% |
| 2014-12-31 | 13.74% |
| 2013-12-31 | 12.23% |
| 2012-12-31 | 11.60% |
| 2011-12-31 | 11.01% |
| 2010-12-31 | 7.57% |
| 2009-12-31 | 4.10% |
| 2008-12-31 | 8.33% |
| 2007-12-31 | 9.31% |
| 2006-12-31 | 10.13% |
| 2005-12-31 | 10.62% |
| 2004-12-31 | 9.85% |
| 2003-12-31 | 8.24% |
| 2002-12-31 | 6.56% |
| 2001-12-31 | 5.61% |
| 2000-12-31 | 6.74% |
| 1999-12-31 | 8.29% |
| 1998-12-31 | 7.13% |
| 1997-12-31 | 7.90% |
| 1996-12-31 | 5.80% |
