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 6.63% is 249% above its 5-year average of 1.90%, near the high end of its 5-year range (-10.29%–7.04%).
As of the fiscal period ended Wednesday, December 31, 2025. 3.00% below its 12-month average of 6.83%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
6.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
1.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.18%
CURRENT VS TTM AVG
-3.00%
CURRENT VS 3Y AVG
+14.56%
CURRENT VS 5Y AVG
+249.25%
CURRENT VS 10Y AVG
+19.34%
CURRENT VS 15Y AVG
+18.97%
CURRENT VS 20Y AVG
+28.03%
SECTOR MEDIAN · INDUSTRIALS
9.07%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
-26.94%
vs the sector median at left
United Airlines Holdings, Inc.
Market Cap
$39.52B
Return on Invested Capital (ROIC)
6.63%
TTM Avg
6.83%
3Y Avg
5.79%
5Y Avg
1.90%
Market Cap
$37.70B
Return on Invested Capital (ROIC)
-10.09%
TTM Avg
-16.12%
3Y Avg
-18.18%
5Y Avg
-20.49%
Market Cap
$42.43B
Return on Invested Capital (ROIC)
-1.11%
TTM Avg
0.27%
3Y Avg
2.42%
5Y Avg
0.62%
Market Cap
$42.93B
Return on Invested Capital (ROIC)
10.13%
TTM Avg
11.64%
3Y Avg
11.08%
5Y Avg
10.19%
Market Cap
$35.98B
Return on Invested Capital (ROIC)
24.16%
TTM Avg
25.56%
3Y Avg
21.39%
5Y Avg
17.05%
Market Cap
$44.07B
Return on Invested Capital (ROIC)
19.91%
TTM Avg
21.74%
3Y Avg
25.01%
5Y Avg
23.46%
Market Cap
$32.54B
Return on Invested Capital (ROIC)
6.34%
TTM Avg
6.22%
3Y Avg
5.97%
5Y Avg
4.73%
Market Cap
$47.42B
Return on Invested Capital (ROIC)
5.32%
TTM Avg
8.88%
3Y Avg
5.55%
5Y Avg
5.15%
Market Cap
$49.48B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
7.77%
3Y Avg
6.65%
5Y Avg
5.74%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| United Airlines Holdings, Inc. (UAL) | $39.52B | 6.63% | 6.83% | 5.79% | 1.90% |
| Rocket Lab USA, Inc. (RKLB)vs › | $37.70B | -10.09% | -16.12% | -18.18% | -20.49% |
| Axon Enterprise, Inc. (AXON)vs › | $42.43B | -1.11% | 0.27% | 2.42% | 0.62% |
| Thomson Reuters Corporation (TRI)vs › | $42.93B | 10.13% | 11.64% | 11.08% | 10.19% |
| EMCOR Group, Inc. (EME)vs › | $35.98B | 24.16% | 25.56% | 21.39% | 17.05% |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $44.07B | 19.91% | 21.74% | 25.01% | 23.46% |
| Ingersoll Rand Inc. (IR)vs › | $32.54B | 6.34% | 6.22% | 5.97% | 4.73% |
| Ferrovial SE (FER)vs › | $47.42B | 5.32% | 8.88% | 5.55% | 5.15% |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $49.48B | 7.64% | 7.77% | 6.65% | 5.74% |
| Sunbelt Rentals Holdings Inc (SUNB)vs › | $29.36B | 7.78% | 8.62% | 9.58% | 9.75% |
ROIC
6.6%
ROE
20.9%
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 | 6.63% |
| 2024-12-31 | 7.04% |
| 2023-12-31 | 6.06% |
| 2022-12-31 | 3.42% |
| 2021-12-31 | -1.47% |
| 2020-12-31 | -10.29% |
| 2019-12-31 | 8.31% |
| 2018-12-31 | 6.95% |
| 2017-12-31 | 8.20% |
| 2016-12-31 | 8.93% |
| 2015-12-31 | 17.33% |
| 2014-12-31 | 9.24% |
| 2013-12-31 | 4.77% |
| 2012-12-31 | 0.15% |
| 2011-12-31 | 6.49% |
| 2010-12-31 | 3.30% |
| 2009-12-31 | -1.19% |
| 2008-12-31 | -33.64% |
| 2007-12-31 | 3.46% |
| 2006-12-31 | 2.32% |
| 2005-12-31 | -1.55% |
| 2004-12-31 | -5.62% |
| 2003-12-31 | -8.21% |
| 2002-12-31 | -14.43% |
| 2001-12-31 | -12.79% |
| 2000-12-31 | 2.28% |
| 1999-12-31 | 5.60% |
| 1998-12-31 | 7.29% |
| 1997-12-31 | 7.49% |
| 1996-12-31 | 8.71% |
