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 8.19% is 56% below its 5-year average of 18.48%, near the low end of its 5-year range (8.19%–32.29%).
As of the fiscal period ended Wednesday, December 31, 2025. 16.73% below its 12-month average of 9.84%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
8.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
17.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
18.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
14.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.70%
CURRENT VS TTM AVG
-16.73%
CURRENT VS 3Y AVG
-53.53%
CURRENT VS 5Y AVG
-55.67%
CURRENT VS 10Y AVG
-45.00%
CURRENT VS 15Y AVG
-30.15%
CURRENT VS 20Y AVG
-15.59%
SECTOR MEDIAN · BASIC MATERIALS
6.87%
median of 43 covered companies
CURRENT VS SECTOR MEDIAN
+19.21%
vs the sector median at left
Steel Dynamics, Inc.
Market Cap
$37.97B
Return on Invested Capital (ROIC)
8.19%
TTM Avg
9.84%
3Y Avg
17.62%
5Y Avg
18.48%
Market Cap
$36.76B
Return on Invested Capital (ROIC)
8.02%
TTM Avg
7.30%
3Y Avg
6.97%
5Y Avg
6.71%
Market Cap
$33.16B
Return on Invested Capital (ROIC)
6.87%
TTM Avg
9.44%
3Y Avg
8.60%
5Y Avg
8.05%
Market Cap
$32.20B
Return on Invested Capital (ROIC)
6.79%
TTM Avg
5.53%
3Y Avg
8.91%
5Y Avg
7.85%
Market Cap
$28.46B
Return on Invested Capital (ROIC)
17.08%
TTM Avg
15.51%
3Y Avg
11.26%
5Y Avg
6.19%
Market Cap
$26.17B
Return on Invested Capital (ROIC)
43.13%
TTM Avg
27.05%
3Y Avg
17.68%
5Y Avg
14.62%
Market Cap
$51.69B
Return on Invested Capital (ROIC)
5.91%
TTM Avg
5.23%
3Y Avg
5.29%
5Y Avg
4.46%
Market Cap
$52.45B
Return on Invested Capital (ROIC)
15.60%
TTM Avg
11.24%
3Y Avg
9.32%
5Y Avg
9.68%
Market Cap
$22.38B
Return on Invested Capital (ROIC)
-7.64%
TTM Avg
-2.55%
3Y Avg
2.23%
5Y Avg
2.89%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Steel Dynamics, Inc. (STLD) | $37.97B | 8.19% | 9.84% | 17.62% | 18.48% |
| Vulcan Materials Company (VMC)vs › | $36.76B | 8.02% | 7.30% | 6.97% | 6.71% |
| Martin Marietta Materials, Inc. (MLM)vs › | $33.16B | 6.87% | 9.44% | 8.60% | 8.05% |
| Nutrien Ltd. (NTR)vs › | $32.20B | 6.79% | 5.53% | 8.91% | 7.85% |
| Carpenter Technology Corporation (CRS)vs › | $28.46B | 17.08% | 15.51% | 11.26% | 6.19% |
| PPG Industries, Inc. (PPG)vs › | $26.17B | 43.13% | 27.05% | 17.68% | 14.62% |
| Corteva, Inc. (CTVA)vs › | $51.69B | 5.91% | 5.23% | 5.29% | 4.46% |
| Wheaton Precious Metals Corp. (WPM)vs › | $52.45B | 15.60% | 11.24% | 9.32% | 9.68% |
| International Paper Company (IP)vs › | $22.38B | -7.64% | -2.55% | 2.23% | 2.89% |
| Dow Inc. (DOW)vs › | $21.80B | 0.51% | 1.87% | 4.25% | 5.41% |
ROIC
8.2%
ROE
17.1%
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 | 8.19% |
| 2024-12-31 | 11.48% |
| 2023-12-31 | 18.53% |
| 2022-12-31 | 32.29% |
| 2021-12-31 | 31.90% |
| 2020-12-31 | 8.47% |
| 2019-12-31 | 10.39% |
| 2018-12-31 | 19.91% |
| 2017-12-31 | 15.28% |
| 2016-12-31 | 8.13% |
| 2015-12-31 | -0.77% |
| 2014-12-31 | 2.76% |
| 2013-12-31 | 4.54% |
| 2012-12-31 | 5.21% |
| 2011-12-31 | 6.88% |
| 2010-12-31 | 4.40% |
| 2009-12-31 | 1.54% |
| 2008-12-31 | 11.29% |
| 2007-12-31 | 11.07% |
| 2006-12-31 | 21.47% |
| 2005-12-31 | 15.57% |
| 2004-12-31 | 20.91% |
| 2003-12-31 | 4.61% |
| 2002-12-31 | 8.73% |
| 2001-12-31 | 1.44% |
| 2000-12-31 | 6.66% |
| 1999-12-31 | 5.78% |
| 1998-12-31 | 4.60% |
| 1997-12-31 | 9.93% |
| 1996-12-31 | -1.54% |
