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 14.70% is 20% below its 4-year average of 18.41%, near the low end of its 4-year range (14.70%–22.62%).
As of the fiscal period ended Friday, July 3, 2026. 8.36% below its 12-month average of 16.04%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-07-03): 14.70%.
RETURN ON INVESTED CAPITAL (ROIC)
14.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
16.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
17.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-8.36%
CURRENT VS 3Y AVG
-16.32%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+53.81%
vs the sector median at left
Veralto Corporation
Market Cap
$23.20B
Return on Invested Capital (ROIC)
14.70%
TTM Avg
16.04%
3Y Avg
17.56%
5Y Avg
N/A
Market Cap
$24.17B
Return on Invested Capital (ROIC)
9.55%
TTM Avg
14.57%
3Y Avg
14.06%
5Y Avg
12.58%
Market Cap
$22.18B
Return on Invested Capital (ROIC)
11.14%
TTM Avg
8.86%
3Y Avg
10.88%
5Y Avg
11.43%
Market Cap
$21.65B
Return on Invested Capital (ROIC)
12.01%
TTM Avg
10.54%
3Y Avg
4.76%
5Y Avg
4.12%
Market Cap
$25.04B
Return on Invested Capital (ROIC)
6.91%
TTM Avg
6.12%
3Y Avg
6.13%
5Y Avg
5.99%
Market Cap
$25.06B
Return on Invested Capital (ROIC)
9.56%
TTM Avg
9.19%
3Y Avg
10.32%
5Y Avg
10.70%
Market Cap
$25.13B
Return on Invested Capital (ROIC)
34.54%
TTM Avg
28.21%
3Y Avg
29.84%
5Y Avg
29.70%
Market Cap
$25.37B
Return on Invested Capital (ROIC)
40.31%
TTM Avg
37.16%
3Y Avg
39.67%
5Y Avg
34.68%
Market Cap
$20.98B
Return on Invested Capital (ROIC)
12.68%
TTM Avg
11.36%
3Y Avg
10.29%
5Y Avg
9.38%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Veralto Corporation (VLTO) | $23.20B | 14.70% | 16.04% | 17.56% | N/A |
| Hubbell Incorporated (HUBB)vs › | $24.17B | 9.55% | 14.57% | 14.06% | 12.58% |
| J.B. Hunt Transport Services, Inc. (JBHT)vs › | $22.18B | 11.14% | 8.86% | 10.88% | 11.43% |
| MTU Aero Engines AG (MTUAY)vs › | $21.65B | 12.01% | 10.54% | 4.76% | 4.12% |
| Xylem Inc. (XYL)vs › | $25.04B | 6.91% | 6.12% | 6.13% | 5.99% |
| Dover Corporation (DOV)vs › | $25.06B | 9.56% | 9.19% | 10.32% | 10.70% |
| Expeditors International of Washington, Inc. (EXPD)vs › | $25.13B | 34.54% | 28.21% | 29.84% | 29.70% |
| Otis Worldwide Corporation (OTIS)vs › | $25.37B | 40.31% | 37.16% | 39.67% | 34.68% |
| Curtiss-Wright Corporation (CW)vs › | $20.98B | 12.68% | 11.36% | 10.29% | 9.38% |
| nVent Electric plc (NVT)vs › | $25.78B | 10.66% | 6.55% | 6.97% | 6.06% |
ROIC
14.7%
ROE
31.9%
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) |
|---|---|
| 2026-07-03 | 14.70% |
| 2026-04-03 | 16.33% |
| 2025-12-31 | 16.15% |
| 2025-10-03 | 16.40% |
| 2025-07-04 | 16.62% |
| 2025-04-04 | 17.55% |
| 2024-12-31 | 17.82% |
| 2024-09-27 | 17.79% |
| 2024-06-28 | 18.44% |
| 2024-03-31 | 18.98% |
| 2023-12-31 | 19.56% |
| 2023-09-30 | 20.43% |
| 2023-06-30 | 20.87% |
| 2023-03-31 | 22.62% |
| 2022-12-31 | 21.94% |
