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 8.83% is 96% above its 5-year average of 4.51%, near the high end of its 5-year range (-56.29%–25.68%).
As of the fiscal period ended Tuesday, June 30, 2026. 39.40% below its 12-month average of 14.57%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 8.83%.
RETURN ON INVESTED CAPITAL (ROIC)
8.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
14.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
14.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-4.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-2.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-0.11%
CURRENT VS TTM AVG
-39.40%
CURRENT VS 3Y AVG
-39.15%
CURRENT VS 5Y AVG
+95.94%
CURRENT VS 10Y AVG
+311.39%
CURRENT VS 15Y AVG
+499.56%
CURRENT VS 20Y AVG
+8348.85%
SECTOR MEDIAN · INDUSTRIALS
3.68%
median of 421 covered companies
CURRENT VS SECTOR MEDIAN
+139.89%
vs the sector median at left
FreightCar America, Inc.
Market Cap
$221.24M
Return on Invested Capital (ROIC)
8.83%
TTM Avg
14.57%
3Y Avg
14.51%
5Y Avg
4.51%
Market Cap
$219.52M
Return on Invested Capital (ROIC)
-2.26%
TTM Avg
0.56%
3Y Avg
2.28%
5Y Avg
3.37%
Market Cap
$209.64M
Return on Invested Capital (ROIC)
9.26%
TTM Avg
8.21%
3Y Avg
8.09%
5Y Avg
6.00%
Market Cap
$205.99M
Return on Invested Capital (ROIC)
-4.56%
TTM Avg
-5.36%
3Y Avg
-10.93%
5Y Avg
-12.53%
Market Cap
$205.03M
Return on Invested Capital (ROIC)
-2.85%
TTM Avg
-2.40%
3Y Avg
-2.50%
5Y Avg
-11.09%
Market Cap
$238.39M
Return on Invested Capital (ROIC)
0.25%
TTM Avg
1.81%
3Y Avg
2.56%
5Y Avg
3.84%
Market Cap
$242.16M
Return on Invested Capital (ROIC)
N/A
TTM Avg
-28.79%
3Y Avg
-80.25%
5Y Avg
-80.25%
Market Cap
$243.92M
Return on Invested Capital (ROIC)
-12.26%
TTM Avg
-21.83%
3Y Avg
-25.42%
5Y Avg
-31.16%
Market Cap
$244.30M
Return on Invested Capital (ROIC)
-12.78%
TTM Avg
-9.01%
3Y Avg
-0.25%
5Y Avg
3.03%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| FreightCar America, Inc. (RAIL) | $221.24M | 8.83% | 14.57% | 14.51% | 4.51% |
| Forrester Research, Inc. (FORR)vs › | $219.52M | -2.26% | 0.56% | 2.28% | 3.37% |
| Energy Services of America Corporation (ESOA)vs › | $209.64M | 9.26% | 8.21% | 8.09% | 6.00% |
| Microvast Holdings, Inc. (MVST)vs › | $205.99M | -4.56% | -5.36% | -10.93% | -12.53% |
| AIRO Group Holdings, Inc. Common Stock (AIRO)vs › | $205.03M | -2.85% | -2.40% | -2.50% | -11.09% |
| AerSale Corporation (ASLE)vs › | $238.39M | 0.25% | 1.81% | 2.56% | 3.84% |
| BNB Standard Corp. (BNC)vs › | $242.16M | N/A | -28.79% | -80.25% | -80.25% |
| Lightbridge Corporation (LTBR)vs › | $243.92M | -12.26% | -21.83% | -25.42% | -31.16% |
| Pamt Corp. (PAMT)vs › | $244.30M | -12.78% | -9.01% | -0.25% | 3.03% |
| Ampco-Pittsburgh Corp. (AP)vs › | $197.78M | 2.41% | 1.60% | -0.95% | -0.54% |
ROIC
8.8%
ROE
-34.5%
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 | 8.83% |
| 2026-03-31 | 14.55% |
| 2025-12-31 | 15.70% |
| 2025-09-30 | 17.92% |
| 2025-06-30 | 15.84% |
| 2025-03-31 | 25.68% |
| 2024-12-31 | 25.53% |
| 2024-09-30 | 18.41% |
| 2024-06-30 | 13.45% |
| 2024-03-31 | 8.50% |
| 2023-12-31 | 6.92% |
| 2023-09-30 | 2.77% |
| 2023-06-30 | -6.05% |
| 2023-03-31 | -10.12% |
| 2022-12-31 | -11.17% |
| 2022-09-30 | -6.77% |
| 2022-06-30 | -1.76% |
| 2022-03-31 | -6.43% |
| 2021-12-31 | -17.33% |
| 2021-09-30 | -24.35% |
| 2021-06-30 | -56.29% |
| 2021-03-31 | -67.50% |
| 2020-12-31 | -62.38% |
| 2020-09-30 | -65.12% |
| 2020-06-30 | -44.74% |
| 2020-03-31 | -40.83% |
| 2019-12-31 | -35.88% |
| 2019-09-30 | -34.22% |
| 2019-06-30 | -18.76% |
| 2019-03-31 | -13.82% |
| 2018-12-31 | -14.10% |
| 2018-09-30 | -13.43% |
| 2018-06-30 | -16.80% |
| 2018-03-31 | -15.58% |
| 2017-12-31 | -12.44% |
| 2017-09-30 | -8.00% |
| 2017-06-30 | -1.06% |
| 2017-03-31 | -0.93% |
| 2016-12-31 | 4.34% |
| 2016-09-30 | 8.28% |
| 2016-06-30 | 13.35% |
| 2016-03-31 | 15.96% |
| 2015-12-31 | 9.54% |
| 2015-09-30 | 7.69% |
| 2015-06-30 | 5.57% |
| 2015-03-31 | 3.90% |
| 2014-12-31 | 2.31% |
| 2014-09-30 | -5.79% |
| 2014-06-30 | -10.51% |
| 2014-03-31 | -13.56% |
| 2013-12-31 | -8.90% |
| 2013-09-30 | -2.08% |
| 2013-06-30 | 0.54% |
| 2013-03-31 | 3.39% |
| 2012-12-31 | 6.61% |
| 2012-09-30 | 9.86% |
| 2012-06-30 | 7.46% |
| 2012-03-31 | 5.68% |
| 2011-12-31 | 1.87% |
| 2011-09-30 | -3.79% |
| 2011-06-30 | -7.18% |
| 2011-03-31 | -7.25% |
| 2010-12-31 | -7.90% |
| 2010-09-30 | -8.21% |
| 2010-06-30 | -5.34% |
| 2010-03-31 | -1.24% |
| 2009-12-31 | 1.96% |
| 2009-09-30 | 6.48% |
| 2009-06-30 | 8.16% |
| 2009-03-31 | 5.66% |
| 2008-12-31 | 0.89% |
| 2008-09-30 | -13.69% |
| 2008-06-30 | -13.39% |
| 2008-03-31 | -6.88% |
| 2007-12-31 | 8.27% |
| 2007-09-30 | 27.96% |
| 2007-06-30 | 37.29% |
| 2007-03-31 | 47.76% |
| 2006-12-31 | 47.70% |
| 2006-09-30 | 50.83% |
| 2006-06-30 | 48.70% |
| 2006-03-31 | 46.62% |
| 2005-12-31 | 41.79% |
| 2005-09-30 | -129.24% |
| 2005-06-30 | -96.88% |
| 2005-03-31 | -54.83% |
| 2004-12-31 | -19.74% |
| 2003-12-31 | 5.44% |