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 5.87% is 39% below its 5-year average of 9.62%, near the low end of its 5-year range (5.87%–14.38%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.92% below its 12-month average of 6.52%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
5.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
8.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.33%
CURRENT VS TTM AVG
-9.92%
CURRENT VS 3Y AVG
-42.09%
CURRENT VS 5Y AVG
-38.91%
CURRENT VS 10Y AVG
-32.98%
CURRENT VS 15Y AVG
-27.56%
CURRENT VS 20Y AVG
-29.51%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
-38.52%
vs the sector median at left
PACCAR Inc
Market Cap
$64.48B
Return on Invested Capital (ROIC)
5.87%
TTM Avg
6.52%
3Y Avg
10.14%
5Y Avg
9.62%
Market Cap
$64.05B
Return on Invested Capital (ROIC)
16.02%
TTM Avg
14.51%
3Y Avg
12.68%
5Y Avg
11.40%
Market Cap
$63.19B
Return on Invested Capital (ROIC)
11.11%
TTM Avg
11.32%
3Y Avg
11.51%
5Y Avg
10.67%
Market Cap
$66.00B
Return on Invested Capital (ROIC)
6.63%
TTM Avg
9.09%
3Y Avg
9.81%
5Y Avg
9.63%
Market Cap
$60.87B
Return on Invested Capital (ROIC)
27.07%
TTM Avg
28.31%
3Y Avg
29.26%
5Y Avg
26.11%
Market Cap
$68.19B
Return on Invested Capital (ROIC)
9.07%
TTM Avg
9.07%
3Y Avg
8.40%
5Y Avg
8.01%
Market Cap
$58.02B
Return on Invested Capital (ROIC)
38.80%
TTM Avg
30.55%
3Y Avg
25.18%
5Y Avg
20.85%
Market Cap
$56.66B
Return on Invested Capital (ROIC)
30.16%
TTM Avg
28.53%
3Y Avg
28.70%
5Y Avg
27.61%
Market Cap
$73.65B
Return on Invested Capital (ROIC)
7.33%
TTM Avg
7.38%
3Y Avg
7.64%
5Y Avg
7.88%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| PACCAR Inc (PCAR) | $64.48B | 5.87% | 6.52% | 10.14% | 9.62% |
| TransDigm Group Incorporated (TDG)vs › | $64.05B | 16.02% | 14.51% | 12.68% | 11.40% |
| United Rentals, Inc. (URI)vs › | $63.19B | 11.11% | 11.32% | 11.51% | 10.67% |
| Honeywell International Inc. (HON)vs › | $66.00B | 6.63% | 9.09% | 9.81% | 9.63% |
| W.W. Grainger, Inc. (GWW)vs › | $60.87B | 27.07% | 28.31% | 29.26% | 26.11% |
| Republic Services, Inc. (RSG)vs › | $68.19B | 9.07% | 9.07% | 8.40% | 8.01% |
| Comfort Systems USA, Inc. (FIX)vs › | $58.02B | 38.80% | 30.55% | 25.18% | 20.85% |
| Fastenal Company (FAST)vs › | $56.66B | 30.16% | 28.53% | 28.70% | 27.61% |
| Norfolk Southern Corporation (NSC)vs › | $73.65B | 7.33% | 7.38% | 7.64% | 7.88% |
| Northrop Grumman Corporation (NOC)vs › | $73.67B | 9.97% | 9.50% | 8.59% | 9.56% |
ROIC
5.9%
ROE
12.3%
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 | 5.87% |
| 2026-03-31 | 5.87% |
| 2025-12-31 | 6.15% |
| 2025-09-30 | 6.85% |
| 2025-06-30 | 7.86% |
| 2025-03-31 | 9.19% |
| 2024-12-31 | 10.49% |
| 2024-09-30 | 11.70% |
| 2024-06-30 | 13.15% |
| 2024-03-31 | 13.97% |
| 2023-12-31 | 14.38% |
| 2023-09-30 | 13.58% |
| 2023-06-30 | 12.82% |
| 2023-03-31 | 12.10% |
| 2022-12-31 | 10.68% |
| 2022-09-30 | 9.77% |
| 2022-06-30 | 8.40% |
| 2022-03-31 | 7.54% |
| 2021-12-31 | 7.32% |
| 2021-09-30 | 7.24% |
| 2021-06-30 | 6.99% |
| 2021-03-31 | 5.63% |
| 2020-12-31 | 5.10% |
| 2020-09-30 | 5.77% |
| 2020-06-30 | 6.81% |
| 2020-03-31 | 8.61% |
| 2019-12-31 | 9.65% |
| 2019-09-30 | 9.89% |
| 2019-06-30 | 9.86% |
| 2019-03-31 | 10.04% |
| 2018-12-31 | 9.89% |
| 2018-09-30 | 9.99% |
| 2018-06-30 | 9.71% |
| 2018-03-31 | 8.98% |
| 2017-12-31 | 8.12% |
| 2017-09-30 | 6.71% |
| 2017-06-30 | 6.75% |
| 2017-03-31 | 7.26% |
| 2016-12-31 | 5.95% |
| 2016-09-30 | 6.08% |
| 2016-06-30 | 6.64% |
| 2016-03-31 | 7.07% |
| 2015-12-31 | 8.78% |
| 2015-09-30 | 8.81% |
| 2015-06-30 | 8.62% |
| 2015-03-31 | 8.34% |
| 2014-12-31 | 7.66% |
| 2014-09-30 | 7.13% |
| 2014-06-30 | 6.71% |
| 2014-03-31 | 6.69% |
| 2013-12-31 | 6.47% |
| 2013-09-30 | 7.02% |
| 2013-06-30 | 6.94% |
| 2013-03-31 | 7.09% |
| 2012-12-31 | 7.62% |
| 2012-09-30 | 7.08% |
| 2012-06-30 | 7.35% |
| 2012-03-31 | 6.85% |
| 2011-12-31 | 6.04% |
| 2011-09-30 | 5.22% |
| 2011-06-30 | 4.09% |
| 2011-03-31 | 3.35% |
| 2010-12-31 | 2.48% |
| 2010-09-30 | 1.57% |
| 2010-06-30 | 0.63% |
| 2010-03-31 | -0.23% |
| 2009-12-31 | -0.41% |
| 2009-09-30 | 2.55% |
| 2009-06-30 | 5.41% |
| 2009-03-31 | 8.27% |
| 2008-12-31 | 11.86% |
| 2008-09-30 | 9.05% |
| 2008-06-30 | 9.97% |
| 2008-03-31 | 11.25% |
| 2007-12-31 | 10.97% |
| 2007-09-30 | 8.62% |
| 2007-06-30 | 9.32% |
| 2007-03-31 | 9.95% |
| 2006-12-31 | 10.97% |
| 2006-09-30 | 13.51% |
| 2006-06-30 | 13.22% |
| 2006-03-31 | 12.47% |
| 2005-12-31 | 11.60% |
| 2005-09-30 | 11.40% |
| 2005-06-30 | 11.07% |
| 2005-03-31 | 11.07% |
| 2004-12-31 | 10.93% |
| 2004-09-30 | 10.47% |
| 2004-06-30 | 9.71% |
| 2004-03-31 | 8.73% |
| 2003-12-31 | 7.97% |
| 2003-09-30 | 7.83% |
| 2003-06-30 | 7.84% |