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 19.92% is 40% above its 5-year average of 14.23%, near the high end of its 5-year range (11.79%–19.92%).
As of the fiscal period ended Tuesday, June 30, 2026. 25.06% above its 12-month average of 15.92%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
19.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
15.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
14.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
14.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
14.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
16.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
16.10%
CURRENT VS TTM AVG
+25.06%
CURRENT VS 3Y AVG
+39.73%
CURRENT VS 5Y AVG
+39.94%
CURRENT VS 10Y AVG
+34.37%
CURRENT VS 15Y AVG
+24.10%
CURRENT VS 20Y AVG
+23.70%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+108.43%
vs the sector median at left
Rockwell Automation, Inc.
Market Cap
$47.75B
Return on Invested Capital (ROIC)
19.92%
TTM Avg
15.92%
3Y Avg
14.25%
5Y Avg
14.23%
Market Cap
$47.62B
Return on Invested Capital (ROIC)
5.30%
TTM Avg
5.24%
3Y Avg
5.14%
5Y Avg
4.21%
Market Cap
$48.07B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
7.77%
3Y Avg
6.65%
5Y Avg
5.74%
Market Cap
$48.73B
Return on Invested Capital (ROIC)
5.03%
TTM Avg
4.58%
3Y Avg
5.74%
5Y Avg
7.20%
Market Cap
$49.26B
Return on Invested Capital (ROIC)
22.59%
TTM Avg
22.59%
3Y Avg
22.59%
5Y Avg
22.59%
Market Cap
$45.27B
Return on Invested Capital (ROIC)
11.37%
TTM Avg
10.50%
3Y Avg
9.87%
5Y Avg
10.08%
Market Cap
$44.04B
Return on Invested Capital (ROIC)
11.37%
TTM Avg
10.50%
3Y Avg
9.87%
5Y Avg
10.08%
Market Cap
$43.89B
Return on Invested Capital (ROIC)
16.51%
TTM Avg
10.88%
3Y Avg
14.29%
5Y Avg
16.21%
Market Cap
$51.93B
Return on Invested Capital (ROIC)
7.63%
TTM Avg
8.59%
3Y Avg
7.85%
5Y Avg
2.05%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Rockwell Automation, Inc. (ROK) | $47.75B | 19.92% | 15.92% | 14.25% | 14.23% |
| L3Harris Technologies, Inc. (LHX)vs › | $47.62B | 5.30% | 5.24% | 5.14% | 4.21% |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $48.07B | 7.64% | 7.77% | 6.65% | 5.74% |
| Carrier Global Corporation (CARR)vs › | $48.73B | 5.03% | 4.58% | 5.74% | 7.20% |
| Honeywell Aerospace Inc (HONA)vs › | $49.26B | 22.59% | 22.59% | 22.59% | 22.59% |
| HEICO Corporation (HEI-A)vs › | $45.27B | 11.37% | 10.50% | 9.87% | 10.08% |
| HEICO Corporation (HEI)vs › | $44.04B | 11.37% | 10.50% | 9.87% | 10.08% |
| Ferguson plc (FERG)vs › | $43.89B | 16.51% | 10.88% | 14.29% | 16.21% |
| Delta Air Lines, Inc. (DAL)vs › | $51.93B | 7.63% | 8.59% | 7.85% | 2.05% |
| Thomson Reuters Corporation (TRI)vs › | $43.13B | 11.04% | 11.66% | 11.11% | 10.22% |
ROIC
19.9%
ROE
34.4%
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 | 19.92% |
| 2026-03-31 | 16.01% |
| 2025-12-31 | 14.96% |
| 2025-09-30 | 14.93% |
| 2025-06-30 | 13.81% |
| 2025-03-31 | 12.76% |
| 2024-12-31 | 12.74% |
| 2024-09-30 | 11.79% |
| 2024-06-30 | 13.25% |
| 2024-03-31 | 13.86% |
| 2023-12-31 | 15.01% |
| 2023-09-30 | 16.56% |
| 2023-06-30 | 15.35% |
| 2023-03-31 | 14.71% |
| 2022-12-31 | 13.46% |
| 2022-09-30 | 13.94% |
| 2022-06-30 | 14.03% |
| 2022-03-31 | 13.58% |
| 2021-12-31 | 13.45% |
| 2021-09-30 | 13.27% |
| 2021-06-30 | 17.14% |
| 2021-03-31 | 15.09% |
| 2020-12-31 | 15.20% |
| 2020-09-30 | 18.05% |
| 2020-06-30 | 17.55% |
| 2020-03-31 | 21.34% |
| 2019-12-31 | 20.06% |
| 2019-09-30 | 23.18% |
| 2019-06-30 | 23.38% |
| 2019-03-31 | 22.06% |
| 2018-12-31 | 23.04% |
| 2018-09-30 | 15.75% |
| 2018-06-30 | 16.33% |
| 2018-03-31 | 12.86% |
| 2017-12-31 | 10.43% |
| 2017-09-30 | 14.72% |
| 2017-06-30 | 15.24% |
| 2017-03-31 | 14.68% |
| 2016-12-31 | 14.55% |
| 2016-09-30 | 13.94% |
| 2016-06-30 | 14.59% |
| 2016-03-31 | 15.39% |
| 2015-12-31 | 16.40% |
| 2015-09-30 | 17.30% |
| 2015-06-30 | 18.43% |
| 2015-03-31 | 18.20% |
| 2014-12-31 | 17.92% |
| 2014-09-30 | 17.75% |
| 2014-06-30 | 17.59% |
| 2014-03-31 | 17.33% |
| 2013-12-31 | 17.77% |
| 2013-09-30 | 17.84% |
| 2013-06-30 | 17.52% |
| 2013-03-31 | 17.13% |
| 2012-12-31 | 17.14% |
| 2012-09-30 | 18.46% |
| 2012-06-30 | 19.45% |
| 2012-03-31 | 18.35% |
| 2011-12-31 | 18.66% |
| 2011-09-30 | 18.54% |
| 2011-06-30 | 16.63% |
| 2011-03-31 | 15.70% |
| 2010-12-31 | 15.39% |
| 2010-09-30 | 14.07% |
| 2010-06-30 | 11.70% |
| 2010-03-31 | 8.95% |
| 2009-12-31 | 6.82% |
| 2009-09-30 | 8.09% |
| 2009-06-30 | 11.25% |
| 2009-03-31 | 14.76% |
| 2008-12-31 | 17.16% |
| 2008-09-30 | 18.08% |
| 2008-06-30 | 16.65% |
| 2008-03-31 | 17.04% |
| 2007-12-31 | 16.26% |
| 2007-09-30 | 17.79% |
| 2007-06-30 | 17.77% |
| 2007-03-31 | 16.45% |
| 2006-12-31 | 16.09% |
| 2006-09-30 | 17.69% |
| 2006-06-30 | 15.99% |
| 2006-03-31 | 15.29% |
| 2005-12-31 | 15.50% |
| 2005-09-30 | 15.17% |
| 2005-06-30 | 15.84% |
| 2005-03-31 | 15.70% |
| 2004-12-31 | 13.68% |
| 2004-09-30 | 12.21% |
| 2004-06-30 | 11.50% |
| 2004-03-31 | 11.16% |
| 2003-12-31 | 10.40% |
| 2003-09-30 | 10.25% |
| 2003-06-30 | 10.41% |
