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 13.94% is 21% above its 5-year average of 11.56%, near the high end of its 5-year range (8.34%–13.94%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.66% above its 12-month average of 13.58%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
13.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
13.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
12.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
10.49%
CURRENT VS TTM AVG
+2.66%
CURRENT VS 3Y AVG
+11.90%
CURRENT VS 5Y AVG
+20.60%
CURRENT VS 10Y AVG
+33.23%
CURRENT VS 15Y AVG
+32.16%
CURRENT VS 20Y AVG
+32.94%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+45.89%
vs the sector median at left
Parker-Hannifin Corporation
Market Cap
$120.52B
Return on Invested Capital (ROIC)
13.94%
TTM Avg
13.58%
3Y Avg
12.46%
5Y Avg
11.56%
Market Cap
$123.74B
Return on Invested Capital (ROIC)
20.07%
TTM Avg
16.86%
3Y Avg
18.35%
5Y Avg
18.91%
Market Cap
$111.97B
Return on Invested Capital (ROIC)
20.78%
TTM Avg
16.59%
3Y Avg
12.27%
5Y Avg
10.46%
Market Cap
$98.13B
Return on Invested Capital (ROIC)
19.89%
TTM Avg
19.84%
3Y Avg
17.77%
5Y Avg
15.20%
Market Cap
$96.48B
Return on Invested Capital (ROIC)
10.94%
TTM Avg
10.38%
3Y Avg
9.82%
5Y Avg
9.64%
Market Cap
$96.08B
Return on Invested Capital (ROIC)
8.49%
TTM Avg
7.59%
3Y Avg
7.41%
5Y Avg
7.19%
Market Cap
$145.22B
Return on Invested Capital (ROIC)
14.46%
TTM Avg
9.09%
3Y Avg
-0.69%
5Y Avg
-2.26%
Market Cap
$92.64B
Return on Invested Capital (ROIC)
18.58%
TTM Avg
16.88%
3Y Avg
13.48%
5Y Avg
11.66%
Market Cap
$90.77B
Return on Invested Capital (ROIC)
8.99%
TTM Avg
9.30%
3Y Avg
10.17%
5Y Avg
9.93%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Parker-Hannifin Corporation (PH) | $120.52B | 13.94% | 13.58% | 12.46% | 11.56% |
| Lockheed Martin Corporation (LMT)vs › | $123.74B | 20.07% | 16.86% | 18.35% | 18.91% |
| Vertiv Holdings Co (VRT)vs › | $111.97B | 20.78% | 16.59% | 12.27% | 10.46% |
| Trane Technologies plc (TT)vs › | $98.13B | 19.89% | 19.84% | 17.77% | 15.20% |
| General Dynamics Corporation (GD)vs › | $96.48B | 10.94% | 10.38% | 9.82% | 9.64% |
| Quanta Services, Inc. (PWR)vs › | $96.08B | 8.49% | 7.59% | 7.41% | 7.19% |
| Siemens Energy AG (SMEGF)vs › | $145.22B | 14.46% | 9.09% | -0.69% | -2.26% |
| Howmet Aerospace Inc. (HWM)vs › | $92.64B | 18.58% | 16.88% | 13.48% | 11.66% |
| CSX Corporation (CSX)vs › | $90.77B | 8.99% | 9.30% | 10.17% | 9.93% |
| Waste Management, Inc. (WM)vs › | $87.05B | 9.01% | 8.59% | 9.20% | 8.88% |
ROIC
13.9%
ROE
23.7%
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 | 13.94% |
| 2026-03-31 | 13.27% |
| 2025-12-31 | 13.58% |
| 2025-09-30 | 13.27% |
| 2025-06-30 | 13.83% |
| 2025-03-31 | 13.46% |
| 2024-12-31 | 12.95% |
| 2024-09-30 | 12.17% |
| 2024-06-30 | 12.08% |
| 2024-03-31 | 11.86% |
| 2023-12-31 | 11.32% |
| 2023-09-30 | 10.59% |
| 2023-06-30 | 9.63% |
| 2023-03-31 | 8.79% |
| 2022-12-31 | 8.34% |
| 2022-09-30 | 8.62% |
| 2022-06-30 | 10.30% |
| 2022-03-31 | 11.26% |
| 2021-12-31 | 10.90% |
| 2021-09-30 | 11.72% |
| 2021-06-30 | 10.85% |
| 2021-03-31 | 10.02% |
| 2020-12-31 | 9.42% |
| 2020-09-30 | 8.91% |
| 2020-06-30 | 8.85% |
| 2020-03-31 | 9.17% |
| 2019-12-31 | 8.74% |
| 2019-09-30 | 9.43% |
| 2019-06-30 | 11.04% |
| 2019-03-31 | 12.50% |
| 2018-12-31 | 12.30% |
| 2018-09-30 | 10.21% |
| 2018-06-30 | 9.80% |
| 2018-03-31 | 8.47% |
| 2017-12-31 | 7.50% |
| 2017-09-30 | 8.82% |
| 2017-06-30 | 8.15% |
| 2017-03-31 | 7.32% |
| 2016-12-31 | 8.89% |
| 2016-09-30 | 8.46% |
| 2016-06-30 | 8.25% |
| 2016-03-31 | 7.66% |
| 2015-12-31 | 8.92% |
| 2015-09-30 | 9.58% |
| 2015-06-30 | 10.27% |
| 2015-03-31 | 11.53% |
| 2014-12-31 | 10.77% |
| 2014-09-30 | 9.14% |
| 2014-06-30 | 8.60% |
| 2014-03-31 | 8.30% |
| 2013-12-31 | 8.48% |
| 2013-09-30 | 9.21% |
| 2013-06-30 | 9.46% |
| 2013-03-31 | 9.59% |
| 2012-12-31 | 11.30% |
| 2012-09-30 | 12.69% |
| 2012-06-30 | 13.53% |
| 2012-03-31 | 14.00% |
| 2011-12-31 | 14.15% |
| 2011-09-30 | 14.25% |
| 2011-06-30 | 13.01% |
| 2011-03-31 | 11.38% |
| 2010-12-31 | 10.64% |
| 2010-09-30 | 9.27% |
| 2010-06-30 | 7.94% |
| 2010-03-31 | 5.71% |
| 2009-12-31 | 4.65% |
| 2009-09-30 | 5.20% |
| 2009-06-30 | 7.50% |
| 2009-03-31 | 10.43% |
| 2008-12-31 | 12.01% |
| 2008-09-30 | 12.86% |
| 2008-06-30 | 12.41% |
| 2008-03-31 | 12.66% |
| 2007-12-31 | 12.15% |
| 2007-09-30 | 12.81% |
| 2007-06-30 | 13.00% |
| 2007-03-31 | 11.87% |
| 2006-12-31 | 11.64% |
| 2006-09-30 | 11.18% |
| 2006-06-30 | 10.61% |
| 2006-03-31 | 10.09% |
| 2005-12-31 | 9.67% |
| 2005-09-30 | 10.64% |
| 2005-06-30 | 10.85% |
| 2005-03-31 | 10.23% |
| 2004-12-31 | 9.56% |
| 2004-09-30 | 9.21% |
| 2004-06-30 | 7.85% |
| 2004-03-31 | 6.41% |
| 2003-12-31 | 5.51% |
| 2003-09-30 | 5.09% |
| 2003-06-30 | 5.03% |
