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 16.98% is in line with its 5-year average of 15.59%, around the middle of its 5-year range (11.61%–19.81%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.74% below its 12-month average of 18.41%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
16.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
18.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
17.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
15.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
12.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
10.62%
CURRENT VS TTM AVG
-7.74%
CURRENT VS 3Y AVG
-3.37%
CURRENT VS 5Y AVG
+8.90%
CURRENT VS 10Y AVG
+35.43%
CURRENT VS 15Y AVG
+43.37%
CURRENT VS 20Y AVG
+59.86%
SECTOR MEDIAN · BASIC MATERIALS
8.91%
median of 46 covered companies
CURRENT VS SECTOR MEDIAN
+90.49%
vs the sector median at left
United States Lime & Minerals, Inc.
Market Cap
$3.43B
Return on Invested Capital (ROIC)
16.98%
TTM Avg
18.41%
3Y Avg
17.57%
5Y Avg
15.59%
Market Cap
$2.94B
Return on Invested Capital (ROIC)
22.75%
TTM Avg
22.77%
3Y Avg
21.03%
5Y Avg
20.92%
Market Cap
$4.55B
Return on Invested Capital (ROIC)
18.02%
TTM Avg
10.21%
3Y Avg
4.78%
5Y Avg
4.76%
Market Cap
$904.45M
Return on Invested Capital (ROIC)
-22.76%
TTM Avg
-45.10%
3Y Avg
-51.52%
5Y Avg
-62.49%
Market Cap
$7.14B
Return on Invested Capital (ROIC)
5.81%
TTM Avg
4.97%
3Y Avg
5.93%
5Y Avg
5.31%
Market Cap
$7.23B
Return on Invested Capital (ROIC)
3.18%
TTM Avg
10.45%
3Y Avg
18.39%
5Y Avg
18.04%
Market Cap
$7.55B
Return on Invested Capital (ROIC)
0.42%
TTM Avg
2.23%
3Y Avg
7.28%
5Y Avg
6.92%
Market Cap
$8.95B
Return on Invested Capital (ROIC)
8.44%
TTM Avg
11.70%
3Y Avg
13.68%
5Y Avg
13.68%
Market Cap
$10.51B
Return on Invested Capital (ROIC)
-2.85%
TTM Avg
-5.82%
3Y Avg
0.19%
5Y Avg
0.83%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| United States Lime & Minerals, Inc. (USLM) | $3.43B | 16.98% | 18.41% | 17.57% | 15.59% |
| WD-40 Company (WDFC)vs › | $2.94B | 22.75% | 22.77% | 21.03% | 20.92% |
| Griffon Corporation (GFF)vs › | $4.55B | 18.02% | 10.21% | 4.78% | 4.76% |
| Lightwave Logic, Inc. (LWLG)vs › | $904.45M | -22.76% | -45.10% | -51.52% | -62.49% |
| Arcosa, Inc. (ACA)vs › | $7.14B | 5.81% | 4.97% | 5.93% | 5.31% |
| Builders FirstSource, Inc. (BLDR)vs › | $7.23B | 3.18% | 10.45% | 18.39% | 18.04% |
| The Mosaic Company (MOS)vs › | $7.55B | 0.42% | 2.23% | 7.28% | 6.92% |
| Solstice Advanced Materials Inc. (SOLS)vs › | $8.95B | 8.44% | 11.70% | 13.68% | 13.68% |
| MP Materials Corp. (MP)vs › | $10.51B | -2.85% | -5.82% | 0.19% | 0.83% |
| First Majestic Silver Corp. (AG)vs › | $10.72B | 8.99% | 2.21% | -1.81% | -0.51% |
ROIC
17.0%
ROE
19.3%
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) |
|---|---|
| 2026-06-30 | 16.98% |
| 2026-03-31 | 17.42% |
| 2025-12-31 | 18.85% |
| 2025-09-30 | 19.17% |
| 2025-06-30 | 19.61% |
| 2025-03-31 | 19.81% |
| 2024-12-31 | 18.95% |
| 2024-09-30 | 17.93% |
| 2024-06-30 | 16.66% |
| 2024-03-31 | 16.35% |
| 2023-12-31 | 16.00% |
| 2023-09-30 | 15.44% |
| 2023-06-30 | 15.30% |
| 2023-03-31 | 13.88% |
| 2022-12-31 | 12.49% |
| 2022-09-30 | 12.23% |
| 2022-06-30 | 11.61% |
| 2022-03-31 | 12.29% |
| 2021-12-31 | 12.12% |
| 2021-09-30 | 12.25% |
| 2021-06-30 | 12.12% |
| 2021-03-31 | 10.82% |
| 2020-12-31 | 10.41% |
| 2020-09-30 | 9.77% |
| 2020-06-30 | 10.27% |
| 2020-03-31 | 10.39% |
| 2019-12-31 | 10.26% |
| 2019-09-30 | 9.07% |
| 2019-06-30 | 7.32% |
| 2019-03-31 | 7.77% |
| 2018-12-31 | 7.71% |
| 2018-09-30 | 9.06% |
| 2018-06-30 | 10.30% |
| 2018-03-31 | 10.27% |
| 2017-12-31 | 11.06% |
| 2017-09-30 | 8.87% |
| 2017-06-30 | 9.35% |
| 2017-03-31 | 8.85% |
| 2016-12-31 | 8.78% |
| 2016-09-30 | 8.12% |
| 2016-06-30 | 8.18% |
| 2016-03-31 | 8.24% |
| 2015-12-31 | 7.49% |
| 2015-09-30 | 8.47% |
| 2015-06-30 | 8.75% |
| 2015-03-31 | 9.44% |
| 2014-12-31 | 10.63% |
| 2014-09-30 | 10.56% |
| 2014-06-30 | 10.20% |
| 2014-03-31 | 9.87% |
| 2013-12-31 | 9.07% |
| 2013-09-30 | 10.18% |
| 2013-06-30 | 9.59% |
| 2013-03-31 | 9.50% |
| 2012-12-31 | 10.90% |
| 2012-09-30 | 11.47% |
| 2012-06-30 | 13.71% |
| 2012-03-31 | 15.19% |
| 2011-12-31 | 12.41% |
| 2011-09-30 | 12.04% |
| 2011-06-30 | 10.77% |
| 2011-03-31 | 11.02% |
| 2010-12-31 | 11.20% |
| 2010-09-30 | 11.35% |
| 2010-06-30 | 11.59% |
| 2010-03-31 | 10.66% |
| 2009-12-31 | 9.81% |
| 2009-09-30 | 8.93% |
| 2009-06-30 | 9.31% |
| 2009-03-31 | 11.04% |
| 2008-12-31 | 11.19% |
| 2008-09-30 | 11.69% |
| 2008-06-30 | 11.04% |
| 2008-03-31 | 9.46% |
| 2007-12-31 | 9.12% |
| 2007-09-30 | 9.07% |
| 2007-06-30 | 9.13% |
| 2007-03-31 | 9.83% |
| 2006-12-31 | 10.94% |
| 2006-09-30 | 10.86% |
| 2006-06-30 | 10.44% |
| 2006-03-31 | 10.28% |
| 2005-12-31 | 9.80% |
| 2005-09-30 | 11.39% |
| 2005-06-30 | 11.93% |
| 2005-03-31 | 10.97% |
| 2004-12-31 | 10.55% |
| 2004-09-30 | 10.20% |
| 2004-06-30 | 9.35% |
| 2004-03-31 | 8.67% |
| 2003-12-31 | 7.32% |
| 2003-09-30 | 6.69% |
| 2003-06-30 | 6.21% |