Basis: Latest reported fiscal year. 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 9.22% is 39% below its 5-year average of 15.06%, near the low end of its 5-year range (5.81%–31.37%).
As of the fiscal period ended Wednesday, December 31, 2025. 6.22% above its 12-month average of 8.68%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
9.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
15.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
22.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
19.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
22.13%
CURRENT VS TTM AVG
+6.22%
CURRENT VS 3Y AVG
+23.88%
CURRENT VS 5Y AVG
-38.80%
CURRENT VS 10Y AVG
-58.14%
CURRENT VS 15Y AVG
-52.68%
CURRENT VS 20Y AVG
-58.33%
SECTOR MEDIAN · FINANCIAL SERVICES
5.98%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
+54.18%
vs the sector median at left
S&P Global Inc.
Market Cap
$121.44B
Return on Invested Capital (ROIC)
9.22%
TTM Avg
8.68%
3Y Avg
7.44%
5Y Avg
15.06%
Market Cap
$122.92B
Return on Invested Capital (ROIC)
20.74%
TTM Avg
20.27%
3Y Avg
13.25%
5Y Avg
11.30%
Market Cap
$128.22B
Return on Invested Capital (ROIC)
1.09%
TTM Avg
2.42%
3Y Avg
3.67%
5Y Avg
4.54%
Market Cap
$135.29B
Return on Invested Capital (ROIC)
7.95%
TTM Avg
0.25%
3Y Avg
430.60%
5Y Avg
429.29%
Market Cap
$107.30B
Return on Invested Capital (ROIC)
6.38%
TTM Avg
5.37%
3Y Avg
4.10%
5Y Avg
3.98%
Market Cap
$99.70B
Return on Invested Capital (ROIC)
5.27%
TTM Avg
4.87%
3Y Avg
4.89%
5Y Avg
4.90%
Market Cap
$98.15B
Return on Invested Capital (ROIC)
4.46%
TTM Avg
4.21%
3Y Avg
3.98%
5Y Avg
4.46%
Market Cap
$97.40B
Return on Invested Capital (ROIC)
6.38%
TTM Avg
5.37%
3Y Avg
4.10%
5Y Avg
3.98%
Market Cap
$96.29B
Return on Invested Capital (ROIC)
1.62%
TTM Avg
5.06%
3Y Avg
5.96%
5Y Avg
5.84%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| S&P Global Inc. (SPGI) | $121.44B | 9.22% | 8.68% | 7.44% | 15.06% |
| The Progressive Corporation (PGR)vs › | $122.92B | 20.74% | 20.27% | 13.25% | 11.30% |
| Capital One Financial Corporation (COF)vs › | $128.22B | 1.09% | 2.42% | 3.67% | 4.54% |
| Chubb Limited (CB)vs › | $135.29B | 7.95% | 0.25% | 430.60% | 429.29% |
| Bank of New York Mellon Corp (BNY)vs › | $107.30B | 6.38% | 5.37% | 4.10% | 3.98% |
| The PNC Financial Services Group, Inc. (PNC)vs › | $99.70B | 5.27% | 4.87% | 4.89% | 4.90% |
| U.S. Bancorp (USB)vs › | $98.15B | 4.46% | 4.21% | 3.98% | 4.46% |
| The Bank of New York Mellon Corporation (BK)vs › | $97.40B | 6.38% | 5.37% | 4.10% | 3.98% |
| CME Group Inc. (CME)vs › | $96.29B | 1.62% | 5.06% | 5.96% | 5.84% |
| Brookfield Corporation (BN)vs › | $94.99B | 3.19% | 2.88% | 2.78% | 2.53% |
ROIC
9.2%
ROE
15.1%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 9.22% |
| 2024-12-31 | 8.14% |
| 2023-12-31 | 5.81% |
| 2022-12-31 | 6.60% |
| 2021-12-31 | 29.25% |
| 2020-12-31 | 31.37% |
| 2019-12-31 | 30.31% |
| 2018-12-31 | 32.32% |
| 2017-12-31 | 26.01% |
| 2016-12-31 | 38.54% |
| 2015-12-31 | 24.72% |
| 2014-12-31 | -14.25% |
| 2013-12-31 | 25.19% |
| 2012-12-31 | 20.00% |
| 2011-12-31 | 21.04% |
| 2010-12-31 | 17.47% |
| 2009-12-31 | 19.85% |
| 2008-12-31 | 23.39% |
| 2007-12-31 | 28.07% |
| 2006-12-31 | 24.90% |
| 2005-12-31 | 20.31% |
| 2004-12-31 | 19.50% |
| 2003-12-31 | 20.20% |
| 2002-12-31 | 17.45% |
| 2001-12-31 | 11.72% |
| 2000-12-31 | 14.93% |
| 1999-12-31 | 15.02% |
| 1998-12-31 | 13.05% |
| 1997-12-31 | 11.52% |
| 1996-12-31 | 10.51% |
