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 8.58% is in line with its 5-year average of 9.03%, around the middle of its 5-year range (5.80%–12.84%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.05% below its 12-month average of 9.23%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
8.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.10%
CURRENT VS TTM AVG
-7.05%
CURRENT VS 3Y AVG
-3.27%
CURRENT VS 5Y AVG
-5.03%
CURRENT VS 10Y AVG
+32.13%
CURRENT VS 15Y AVG
+57.50%
CURRENT VS 20Y AVG
+68.33%
SECTOR MEDIAN · BASIC MATERIALS
8.84%
median of 45 covered companies
CURRENT VS SECTOR MEDIAN
-2.98%
vs the sector median at left
Royal Gold, Inc.
Market Cap
$22.15B
Return on Invested Capital (ROIC)
8.58%
TTM Avg
9.23%
3Y Avg
8.87%
5Y Avg
9.03%
Market Cap
$21.89B
Return on Invested Capital (ROIC)
-9.23%
TTM Avg
-3.27%
3Y Avg
1.87%
5Y Avg
2.65%
Market Cap
$21.82B
Return on Invested Capital (ROIC)
2.80%
TTM Avg
3.16%
3Y Avg
-1.32%
5Y Avg
-0.03%
Market Cap
$22.76B
Return on Invested Capital (ROIC)
-0.06%
TTM Avg
1.89%
3Y Avg
4.28%
5Y Avg
5.44%
Market Cap
$21.12B
Return on Invested Capital (ROIC)
3.48%
TTM Avg
2.04%
3Y Avg
6.45%
5Y Avg
8.28%
Market Cap
$23.72B
Return on Invested Capital (ROIC)
17.08%
TTM Avg
15.53%
3Y Avg
11.28%
5Y Avg
5.80%
Market Cap
$19.80B
Return on Invested Capital (ROIC)
16.58%
TTM Avg
12.92%
3Y Avg
18.79%
5Y Avg
16.05%
Market Cap
$19.63B
Return on Invested Capital (ROIC)
9.36%
TTM Avg
9.00%
3Y Avg
13.00%
5Y Avg
12.81%
Market Cap
$25.20B
Return on Invested Capital (ROIC)
8.84%
TTM Avg
27.10%
3Y Avg
17.75%
5Y Avg
14.70%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Royal Gold, Inc. (RGLD) | $22.15B | 8.58% | 9.23% | 8.87% | 9.03% |
| International Paper Company (IP)vs › | $21.89B | -9.23% | -3.27% | 1.87% | 2.65% |
| International Flavors & Fragrances Inc. (IFF)vs › | $21.82B | 2.80% | 3.16% | -1.32% | -0.03% |
| Dow Inc. (DOW)vs › | $22.76B | -0.06% | 1.89% | 4.28% | 5.44% |
| LyondellBasell Industries N.V. (LYB)vs › | $21.12B | 3.48% | 2.04% | 6.45% | 8.28% |
| Carpenter Technology Corporation (CRS)vs › | $23.72B | 17.08% | 15.53% | 11.28% | 5.80% |
| CF Industries Holdings, Inc. (CF)vs › | $19.80B | 16.58% | 12.92% | 18.79% | 16.05% |
| Reliance Steel & Aluminum Co. (RS)vs › | $19.63B | 9.36% | 9.00% | 13.00% | 12.81% |
| PPG Industries, Inc. (PPG)vs › | $25.20B | 8.84% | 27.10% | 17.75% | 14.70% |
| DuPont de Nemours, Inc. (DD)vs › | $18.36B | 4.88% | 3.00% | 3.68% | 3.67% |
ROIC
8.6%
ROE
9.7%
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 | 8.58% |
| 2026-03-31 | 7.56% |
| 2025-12-31 | 5.80% |
| 2025-09-30 | 11.37% |
| 2025-06-30 | 12.84% |
| 2025-03-31 | 11.80% |
| 2024-12-31 | 10.14% |
| 2024-09-30 | 9.13% |
| 2024-06-30 | 7.95% |
| 2024-03-31 | 7.30% |
| 2023-12-31 | 7.85% |
| 2023-09-30 | 7.59% |
| 2023-06-30 | 7.36% |
| 2023-03-31 | 7.38% |
| 2022-12-31 | 7.19% |
| 2022-09-30 | 7.82% |
| 2022-06-30 | 10.04% |
| 2022-03-31 | 10.47% |
| 2021-12-31 | 10.21% |
| 2021-09-30 | 9.71% |
| 2021-06-30 | 11.58% |
| 2021-03-31 | 9.86% |
| 2020-12-31 | 9.81% |
| 2020-09-30 | 8.60% |
| 2020-06-30 | 7.31% |
| 2020-03-31 | 7.69% |
| 2019-12-31 | 7.27% |
| 2019-09-30 | 6.53% |
| 2019-06-30 | 4.68% |
| 2019-03-31 | 4.34% |
| 2018-12-31 | -3.81% |
| 2018-09-30 | -3.45% |
| 2018-06-30 | -2.83% |
| 2018-03-31 | -2.81% |
| 2017-12-31 | 2.82% |
| 2017-09-30 | 3.76% |
| 2017-06-30 | 3.71% |
| 2017-03-31 | 3.59% |
| 2016-12-31 | 2.24% |
| 2016-09-30 | 3.86% |
| 2016-06-30 | 3.32% |
| 2016-03-31 | 3.25% |
| 2015-12-31 | 1.86% |
| 2015-09-30 | 1.36% |
| 2015-06-30 | 2.55% |
| 2015-03-31 | 2.78% |
| 2014-12-31 | 2.55% |
| 2014-09-30 | 3.07% |
| 2014-06-30 | 2.90% |
| 2014-03-31 | 2.57% |
| 2013-12-31 | 2.33% |
| 2013-09-30 | 2.86% |
| 2013-06-30 | 3.28% |
| 2013-03-31 | 3.45% |
| 2012-12-31 | 3.87% |
| 2012-09-30 | 4.37% |
| 2012-06-30 | 4.27% |
| 2012-03-31 | 4.87% |
| 2011-12-31 | 4.82% |
| 2011-09-30 | 4.86% |
| 2011-06-30 | 4.18% |
| 2011-03-31 | 4.32% |
| 2010-12-31 | 3.00% |
| 2010-09-30 | 2.47% |
| 2010-06-30 | 2.20% |
| 2010-03-31 | 1.33% |
| 2009-12-31 | 3.74% |
| 2009-09-30 | 2.55% |
| 2009-06-30 | 2.23% |
| 2009-03-31 | 3.46% |
| 2008-12-31 | 3.65% |
| 2008-09-30 | 4.20% |
| 2008-06-30 | 4.09% |
| 2008-03-31 | 3.69% |
| 2007-12-31 | 3.26% |
| 2007-09-30 | 5.28% |
| 2007-06-30 | 5.45% |
| 2007-03-31 | 5.79% |
| 2006-12-31 | 7.97% |
| 2006-09-30 | 6.36% |
| 2006-06-30 | 5.49% |
| 2006-03-31 | 5.86% |
| 2005-12-31 | 6.77% |
| 2005-09-30 | 7.14% |
| 2005-06-30 | 10.86% |
| 2005-03-31 | 9.96% |
| 2004-12-31 | 10.51% |
| 2004-09-30 | 10.55% |
| 2004-06-30 | 9.50% |
| 2004-03-31 | 11.02% |
| 2003-12-31 | 10.92% |
| 2003-09-30 | 9.50% |
| 2003-06-30 | 9.80% |
