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 5.91% is 26% below its 5-year average of 8.00%, near the low end of its 5-year range (2.62%–78.62%).
As of the fiscal period ended Friday, July 31, 2026. 50.59% above its 12-month average of 3.92%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q1 FY2027 (2026-07-31): 5.91%.
RETURN ON INVESTED CAPITAL (ROIC)
5.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
9.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
14.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
12.71%
CURRENT VS TTM AVG
+50.59%
CURRENT VS 3Y AVG
+13.30%
CURRENT VS 5Y AVG
-26.22%
CURRENT VS 10Y AVG
-34.75%
CURRENT VS 15Y AVG
-59.30%
CURRENT VS 20Y AVG
-53.52%
SECTOR MEDIAN · INDUSTRIALS
3.25%
median of 465 covered companies
CURRENT VS SECTOR MEDIAN
+81.72%
vs the sector median at left
Smith & Wesson Brands, Inc.
Market Cap
$649.44M
Return on Invested Capital (ROIC)
5.91%
TTM Avg
3.92%
3Y Avg
5.21%
5Y Avg
8.00%
Market Cap
$650.41M
Return on Invested Capital (ROIC)
1.15%
TTM Avg
-1.38%
3Y Avg
2.26%
5Y Avg
1.45%
Market Cap
$621.04M
Return on Invested Capital (ROIC)
-11.29%
TTM Avg
-19.59%
3Y Avg
-16.87%
5Y Avg
-13.04%
Market Cap
$692.73M
Return on Invested Capital (ROIC)
4.93%
TTM Avg
5.00%
3Y Avg
5.60%
5Y Avg
6.32%
Market Cap
$605.95M
Return on Invested Capital (ROIC)
-1.67%
TTM Avg
0.57%
3Y Avg
2.31%
5Y Avg
1.18%
Market Cap
$693.75M
Return on Invested Capital (ROIC)
1.41%
TTM Avg
1.45%
3Y Avg
1.37%
5Y Avg
2.28%
Market Cap
$694.33M
Return on Invested Capital (ROIC)
-5.77%
TTM Avg
8.29%
3Y Avg
8.29%
5Y Avg
8.29%
Market Cap
$700.90M
Return on Invested Capital (ROIC)
6.89%
TTM Avg
7.20%
3Y Avg
6.13%
5Y Avg
4.66%
Market Cap
$589.01M
Return on Invested Capital (ROIC)
-23.50%
TTM Avg
-35.83%
3Y Avg
-33.13%
5Y Avg
-31.84%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Smith & Wesson Brands, Inc. (SWBI) | $649.44M | 5.91% | 3.92% | 5.21% | 8.00% |
| Hertz Global Holdings, Inc. (HTZ)vs › | $650.41M | 1.15% | -1.38% | 2.26% | 1.45% |
| Ballard Power Systems Inc. (BLDP)vs › | $621.04M | -11.29% | -19.59% | -16.87% | -13.04% |
| Kimball Electronics, Inc. (KE)vs › | $692.73M | 4.93% | 5.00% | 5.60% | 6.32% |
| Matthews International Corporation (MATW)vs › | $605.95M | -1.67% | 0.57% | 2.31% | 1.18% |
| Cass Information Systems, Inc. (CASS)vs › | $693.75M | 1.41% | 1.45% | 1.37% | 2.28% |
| Elmet Group Co. (ELMT)vs › | $694.33M | -5.77% | 8.29% | 8.29% | 8.29% |
| Park-Ohio Holdings Corp. (PKOH)vs › | $700.90M | 6.89% | 7.20% | 6.13% | 4.66% |
| Enovix Corporation (ENVX)vs › | $589.01M | -23.50% | -35.83% | -33.13% | -31.84% |
| Titan Machinery Inc. (TITN)vs › | $587.21M | -0.34% | 0.08% | 4.56% | 5.23% |
ROIC
5.9%
ROE
6.5%
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) |
|---|---|
| 2026-07-31 | 5.91% |
| 2026-04-30 | 4.92% |
| 2026-01-31 | 3.07% |
| 2025-10-31 | 2.62% |
| 2025-07-31 | 3.10% |
| 2025-04-30 | 3.38% |
| 2025-01-31 | 5.46% |
| 2024-10-31 | 6.74% |
| 2024-07-31 | 6.52% |
| 2024-04-30 | 7.55% |
| 2024-01-31 | 5.94% |
| 2023-10-31 | 5.39% |
| 2023-07-31 | 7.19% |
| 2023-04-30 | 7.18% |
| 2023-01-31 | 12.38% |
| 2022-10-31 | 19.15% |
| 2022-07-31 | 29.61% |
| 2022-04-30 | 47.47% |
| 2022-01-31 | 65.66% |
| 2021-10-31 | 69.40% |
| 2021-07-31 | 78.62% |
| 2021-04-30 | 77.78% |
| 2021-01-31 | 32.85% |
| 2020-10-31 | 15.08% |
| 2020-07-31 | 1.66% |
| 2020-04-30 | -8.14% |
| 2020-01-31 | 3.14% |
| 2019-10-31 | 1.49% |
| 2019-07-31 | 2.06% |
| 2019-04-30 | 3.68% |
| 2019-01-31 | 3.18% |
| 2018-10-31 | 6.20% |
| 2018-07-31 | 6.14% |
| 2018-04-30 | 4.16% |
| 2018-01-31 | 7.13% |
| 2017-10-31 | 9.34% |
| 2017-07-31 | 14.39% |
| 2017-04-30 | 20.35% |
| 2017-01-31 | 22.65% |
| 2016-10-31 | 22.41% |
| 2016-07-31 | 22.00% |
| 2016-04-30 | 20.42% |
| 2016-01-31 | 18.60% |
| 2015-10-31 | 15.08% |
| 2015-07-31 | 13.90% |
| 2015-04-30 | 13.84% |
| 2015-01-31 | 12.34% |
| 2014-10-31 | 20.03% |
| 2014-07-31 | 23.69% |
| 2014-04-30 | 33.87% |
| 2014-01-31 | 38.63% |
| 2013-10-31 | 38.61% |
| 2013-07-31 | 30.15% |
| 2013-04-30 | 34.59% |
| 2013-01-31 | 34.58% |
| 2012-10-31 | 28.22% |
| 2012-07-31 | 24.40% |
| 2012-04-30 | 16.39% |
| 2012-01-31 | 7.41% |
| 2011-10-31 | -22.53% |
| 2011-07-31 | -43.74% |
| 2011-04-30 | -42.51% |
| 2011-01-31 | -39.20% |
| 2010-10-31 | -6.54% |
| 2010-07-31 | 8.73% |
| 2010-04-30 | 11.51% |
| 2010-01-31 | 11.50% |
| 2009-10-31 | 11.56% |
| 2009-07-31 | -24.74% |
| 2009-04-30 | -50.07% |
| 2009-01-31 | -55.41% |
| 2008-10-31 | -59.08% |
| 2008-07-31 | 5.04% |
| 2008-04-30 | 6.33% |
| 2008-01-31 | 6.73% |
| 2007-10-31 | 7.83% |
| 2007-07-31 | 7.67% |
| 2007-04-30 | 7.15% |
| 2007-01-31 | 6.39% |
| 2006-10-31 | 15.88% |
| 2006-07-31 | 13.65% |
| 2006-04-30 | 14.21% |
| 2006-01-31 | 13.24% |
| 2005-10-31 | 11.79% |
| 2005-07-31 | 13.80% |
| 2005-04-30 | 12.13% |
| 2005-01-31 | 12.98% |
| 2004-10-31 | 6.67% |
| 2004-07-31 | 6.17% |
| 2004-04-30 | 6.56% |
| 2004-01-31 | 5.32% |
| 2003-10-31 | 9.07% |
| 2003-07-31 | 7.83% |