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 9.19% is 43% above its 5-year average of 6.44%, near the high end of its 5-year range (2.33%–10.39%).
As of the fiscal period ended Saturday, June 27, 2026. 4.90% above its 12-month average of 8.76%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-27): 9.19%.
RETURN ON INVESTED CAPITAL (ROIC)
9.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.96%
CURRENT VS TTM AVG
+4.90%
CURRENT VS 3Y AVG
+5.83%
CURRENT VS 5Y AVG
+42.66%
CURRENT VS 10Y AVG
+65.93%
CURRENT VS 15Y AVG
+93.61%
CURRENT VS 20Y AVG
+85.15%
SECTOR MEDIAN · BASIC MATERIALS
8.84%
median of 59 covered companies
CURRENT VS SECTOR MEDIAN
+3.95%
vs the sector median at left
SPX Technologies, Inc.
Market Cap
$8.67B
Return on Invested Capital (ROIC)
9.19%
TTM Avg
8.76%
3Y Avg
8.68%
5Y Avg
6.44%
Market Cap
$8.71B
Return on Invested Capital (ROIC)
8.99%
TTM Avg
2.21%
3Y Avg
-1.81%
5Y Avg
-0.51%
Market Cap
$8.36B
Return on Invested Capital (ROIC)
-2.85%
TTM Avg
-5.82%
3Y Avg
0.19%
5Y Avg
0.83%
Market Cap
$9.17B
Return on Invested Capital (ROIC)
8.44%
TTM Avg
11.70%
3Y Avg
13.68%
5Y Avg
13.68%
Market Cap
$7.97B
Return on Invested Capital (ROIC)
6.19%
TTM Avg
5.23%
3Y Avg
5.29%
5Y Avg
4.46%
Market Cap
$7.19B
Return on Invested Capital (ROIC)
5.81%
TTM Avg
4.97%
3Y Avg
5.93%
5Y Avg
5.31%
Market Cap
$10.51B
Return on Invested Capital (ROIC)
3.38%
TTM Avg
7.53%
3Y Avg
9.27%
5Y Avg
16.51%
Market Cap
$6.70B
Return on Invested Capital (ROIC)
0.42%
TTM Avg
2.23%
3Y Avg
7.28%
5Y Avg
6.92%
Market Cap
$11.07B
Return on Invested Capital (ROIC)
8.32%
TTM Avg
6.03%
3Y Avg
4.95%
5Y Avg
5.52%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| SPX Technologies, Inc. (SPXC) | $8.67B | 9.19% | 8.76% | 8.68% | 6.44% |
| First Majestic Silver Corp. (AG)vs › | $8.71B | 8.99% | 2.21% | -1.81% | -0.51% |
| MP Materials Corp. (MP)vs › | $8.36B | -2.85% | -5.82% | 0.19% | 0.83% |
| Solstice Advanced Materials Inc. (SOLS)vs › | $9.17B | 8.44% | 11.70% | 13.68% | 13.68% |
| Corteva, Inc. (CTVA)vs › | $7.97B | 6.19% | 5.23% | 5.29% | 4.46% |
| Arcosa, Inc. (ACA)vs › | $7.19B | 5.81% | 4.97% | 5.93% | 5.31% |
| Suzano S.A. (SUZ)vs › | $10.51B | 3.38% | 7.53% | 9.27% | 16.51% |
| The Mosaic Company (MOS)vs › | $6.70B | 0.42% | 2.23% | 7.28% | 6.92% |
| Alcoa Corporation (AA)vs › | $11.07B | 8.32% | 6.03% | 4.95% | 5.52% |
| Builders FirstSource, Inc. (BLDR)vs › | $6.05B | 3.18% | 10.45% | 18.39% | 18.04% |
ROIC
9.2%
ROE
11.9%
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) |
|---|---|
| 2026-06-27 | 9.19% |
| 2026-03-28 | 8.43% |
| 2025-12-31 | 8.74% |
| 2025-09-27 | 8.80% |
| 2025-06-28 | 8.64% |
| 2025-03-29 | 8.82% |
| 2024-12-31 | 10.39% |
| 2024-09-28 | 9.33% |
| 2024-06-29 | 8.59% |
| 2024-03-30 | 8.02% |
| 2023-12-31 | 8.27% |
| 2023-09-30 | 4.54% |
| 2023-07-01 | 4.06% |
| 2023-04-01 | 3.90% |
| 2022-12-31 | 2.33% |
| 2022-10-01 | 4.56% |
| 2022-07-02 | 3.35% |
| 2022-04-02 | 2.95% |
| 2021-12-31 | 3.41% |
| 2021-10-02 | 4.22% |
| 2021-07-03 | 4.74% |
| 2021-04-03 | 4.87% |
| 2020-12-31 | 5.05% |
| 2020-09-26 | 5.74% |
| 2020-06-27 | 6.08% |
| 2020-03-28 | 6.62% |
| 2019-12-31 | 5.41% |
| 2019-09-28 | 6.09% |
| 2019-06-29 | 5.23% |
| 2019-03-30 | 5.23% |
| 2018-12-31 | 6.46% |
| 2018-09-29 | 3.36% |
| 2018-06-30 | 4.28% |
| 2018-03-31 | 3.50% |
| 2017-12-31 | 3.51% |
| 2017-09-30 | 3.17% |
| 2017-07-01 | 2.11% |
| 2017-04-01 | 3.18% |
| 2016-12-31 | 3.71% |
| 2016-10-01 | 2.65% |
| 2016-07-02 | -4.98% |
| 2016-04-02 | -6.34% |
| 2015-12-31 | -10.93% |
| 2015-09-26 | -10.53% |
| 2015-06-27 | -1.26% |
| 2015-03-28 | 0.93% |
| 2014-12-31 | 1.39% |
| 2014-09-27 | 3.66% |
| 2014-06-28 | 5.19% |
| 2014-03-29 | 4.89% |
| 2013-12-31 | 5.24% |
| 2013-09-28 | 0.67% |
| 2013-06-29 | 0.28% |
| 2013-03-30 | 0.23% |
| 2012-12-31 | -0.01% |
| 2012-09-29 | 3.80% |
| 2012-06-30 | 4.51% |
| 2012-03-31 | 4.17% |
| 2011-12-31 | 4.78% |
| 2011-10-01 | 5.45% |
| 2011-07-02 | 4.74% |
| 2011-04-02 | 5.84% |
| 2010-12-31 | 6.17% |
| 2010-10-02 | 2.62% |
| 2010-07-03 | 2.56% |
| 2010-04-03 | 1.95% |
| 2009-12-31 | 2.21% |
| 2009-09-26 | 3.90% |
| 2009-06-27 | 5.16% |
| 2009-03-28 | 6.49% |
| 2008-12-31 | 6.84% |
| 2008-09-27 | 8.92% |
| 2008-06-28 | 8.30% |
| 2008-03-29 | 7.88% |
| 2007-12-31 | 7.44% |
| 2007-09-30 | 8.23% |
| 2007-06-30 | 6.97% |
| 2007-03-31 | 6.96% |
| 2006-12-31 | 6.51% |
| 2006-09-30 | 3.54% |
| 2006-06-30 | 3.50% |
| 2006-03-31 | 3.00% |
| 2005-12-31 | 2.88% |
| 2005-09-30 | -0.99% |
| 2005-06-30 | -2.53% |
| 2005-03-31 | -1.67% |
| 2004-12-31 | -1.01% |
| 2004-09-30 | 3.80% |
| 2004-06-30 | 5.31% |
| 2004-03-31 | 4.87% |
| 2003-12-31 | 5.43% |
| 2003-09-30 | 5.60% |
| 2003-06-30 | 5.74% |
