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 12.49% is 29% above its 5-year average of 9.65%, near the high end of its 5-year range (-2.61%–17.29%).
As of the fiscal period ended Friday, July 31, 2026. 0.82% above its 12-month average of 12.39%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-07-31): 12.49%.
RETURN ON INVESTED CAPITAL (ROIC)
12.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
13.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
1.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
2.34%
CURRENT VS TTM AVG
+0.82%
CURRENT VS 3Y AVG
-4.11%
CURRENT VS 5Y AVG
+29.48%
CURRENT VS 10Y AVG
+410.20%
CURRENT VS 15Y AVG
+704.18%
CURRENT VS 20Y AVG
+434.71%
SECTOR MEDIAN · INDUSTRIALS
3.25%
median of 465 covered companies
CURRENT VS SECTOR MEDIAN
+284.39%
vs the sector median at left
Perma-Pipe International Holdings, Inc.
Market Cap
$262.95M
Return on Invested Capital (ROIC)
12.49%
TTM Avg
12.39%
3Y Avg
13.03%
5Y Avg
9.65%
Market Cap
$261.94M
Return on Invested Capital (ROIC)
11.23%
TTM Avg
7.39%
3Y Avg
10.70%
5Y Avg
11.12%
Market Cap
$267.10M
Return on Invested Capital (ROIC)
11.79%
TTM Avg
16.45%
3Y Avg
21.99%
5Y Avg
27.99%
Market Cap
$271.20M
Return on Invested Capital (ROIC)
-8.28%
TTM Avg
-7.52%
3Y Avg
-5.56%
5Y Avg
-8.30%
Market Cap
$253.35M
Return on Invested Capital (ROIC)
1.40%
TTM Avg
-12.85%
3Y Avg
-6.71%
5Y Avg
-3.84%
Market Cap
$254.54M
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$272.92M
Return on Invested Capital (ROIC)
7.89%
TTM Avg
4.26%
3Y Avg
6.18%
5Y Avg
6.10%
Market Cap
$274.76M
Return on Invested Capital (ROIC)
-4.58%
TTM Avg
-8.55%
3Y Avg
-6.02%
5Y Avg
-4.71%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Perma-Pipe International Holdings, Inc. (PPIH) | $262.95M | 12.49% | 12.39% | 13.03% | 9.65% |
| HireQuest, Inc. (HQI)vs › | $261.94M | 11.23% | 7.39% | 10.70% | 11.12% |
| Omega Flex, Inc. (OFLX)vs › | $267.10M | 11.79% | 16.45% | 21.99% | 27.99% |
| Public Policy Holding Company, Inc. (PPHC)vs › | $271.20M | -8.28% | -7.52% | -5.56% | -8.30% |
| Outdoor Holding Company (POWW)vs › | $253.35M | 1.40% | -12.85% | -6.71% | -3.84% |
| AIAI Holdings Corporation Class A Common Stock (AIAI)vs › | $254.54M | N/A | N/A | N/A | N/A |
| Information Services Group, Inc. (III)vs › | $272.92M | 7.89% | 4.26% | 6.18% | 6.10% |
| AirJoule Technologies Corporation (AIRJ)vs › | $274.76M | -4.58% | -8.55% | -6.02% | -4.71% |
| Outdoor Holding Company - 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (POWWP)vs › | $248.17M | 1.40% | -12.85% | -6.71% | -3.84% |
| Velo3D, Inc. (VELO)vs › | $283.58M | -27.37% | -104.58% | -93.45% | -80.56% |
ROIC
12.5%
ROE
16.7%
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) |
|---|---|
| 2026-07-31 | 12.49% |
| 2026-04-30 | 11.26% |
| 2026-01-31 | 14.06% |
| 2025-10-31 | 13.34% |
| 2025-07-31 | 10.80% |
| 2025-04-30 | 13.96% |
| 2025-01-31 | 11.95% |
| 2024-10-31 | 16.40% |
| 2024-07-31 | 17.29% |
| 2024-04-30 | 15.04% |
| 2024-01-31 | 12.42% |
| 2023-10-31 | 7.33% |
| 2023-07-31 | 5.92% |
| 2023-04-30 | 7.40% |
| 2023-01-31 | 7.72% |
| 2022-10-31 | 8.01% |
| 2022-07-31 | 5.24% |
| 2022-04-30 | 6.88% |
| 2022-01-31 | 6.39% |
| 2021-10-31 | 1.32% |
| 2021-07-31 | -2.61% |
| 2021-04-30 | -11.73% |
| 2021-01-31 | -14.01% |
| 2020-10-31 | -9.01% |
| 2020-07-31 | -1.84% |
| 2020-04-30 | 3.84% |
| 2020-01-31 | 4.72% |
| 2019-10-31 | 4.01% |
| 2019-07-22 | 4.28% |
| 2019-04-30 | 1.85% |
| 2019-01-31 | 2.02% |
| 2018-10-31 | -0.60% |
| 2018-07-31 | -5.22% |
| 2018-04-30 | -8.82% |
| 2018-01-31 | -12.95% |
| 2017-10-31 | -15.43% |
| 2017-07-31 | -13.65% |
| 2017-04-30 | -13.80% |
| 2017-01-31 | -13.99% |
| 2016-10-31 | -5.92% |
| 2016-07-31 | 4.05% |
| 2016-04-30 | 2.07% |
| 2016-01-31 | 3.41% |
| 2015-10-31 | -2.30% |
| 2015-07-31 | -11.10% |
| 2015-04-30 | -6.88% |
| 2015-01-31 | 1.22% |
| 2014-10-31 | 3.46% |
| 2014-07-31 | 9.18% |
| 2014-04-30 | 12.47% |
| 2014-01-31 | 10.73% |
| 2013-10-31 | 3.46% |
| 2013-07-31 | 1.10% |
| 2013-04-30 | -2.50% |
| 2013-01-31 | -7.36% |
| 2012-10-31 | -6.26% |
| 2012-07-31 | -4.99% |
| 2012-04-30 | -4.47% |
| 2012-01-31 | -4.23% |
| 2011-10-31 | -1.62% |
| 2011-07-31 | -1.03% |
| 2011-04-30 | 1.07% |
| 2011-01-31 | 2.30% |
| 2010-10-31 | 0.61% |
| 2010-07-31 | 0.16% |
| 2010-04-16 | 0.14% |
| 2010-01-31 | 5.49% |
| 2009-10-31 | 9.65% |
| 2009-07-31 | 11.43% |
| 2009-04-30 | 11.28% |
| 2009-01-31 | 7.09% |
| 2008-10-31 | 4.19% |
| 2008-07-31 | 1.82% |
| 2008-04-30 | 1.93% |
| 2008-01-31 | 1.62% |
| 2007-10-31 | 4.64% |
| 2007-07-31 | 6.36% |
| 2007-04-30 | 7.63% |
| 2007-01-31 | 7.53% |
| 2006-10-31 | 6.02% |
| 2006-07-31 | 3.54% |
| 2006-04-30 | 1.91% |
| 2006-01-31 | 1.67% |
| 2005-10-31 | 3.89% |
| 2005-07-31 | 5.40% |
| 2005-04-30 | 6.84% |
| 2005-01-31 | 6.32% |
| 2004-10-31 | 5.12% |
| 2004-07-31 | 2.07% |
| 2004-04-30 | 0.11% |
| 2004-01-31 | -1.25% |
| 2003-10-31 | -1.23% |
| 2003-07-31 | 0.11% |
