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 2.83% is 38% below its 5-year average of 4.57%, near the low end of its 5-year range (2.08%–6.60%).
As of the fiscal period ended Tuesday, June 30, 2026. 40.26% below its 12-month average of 4.73%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 2.83%.
RETURN ON INVESTED CAPITAL (ROIC)
2.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.44%
CURRENT VS TTM AVG
-40.26%
CURRENT VS 3Y AVG
-49.22%
CURRENT VS 5Y AVG
-38.22%
CURRENT VS 10Y AVG
-49.31%
CURRENT VS 15Y AVG
-53.65%
CURRENT VS 20Y AVG
-56.10%
SECTOR MEDIAN · INDUSTRIALS
3.25%
median of 465 covered companies
CURRENT VS SECTOR MEDIAN
-13.06%
vs the sector median at left
VSE Corporation
Market Cap
$4.73B
Return on Invested Capital (ROIC)
2.83%
TTM Avg
4.73%
3Y Avg
5.56%
5Y Avg
4.57%
Market Cap
$4.77B
Return on Invested Capital (ROIC)
3.68%
TTM Avg
3.40%
3Y Avg
3.71%
5Y Avg
3.71%
Market Cap
$4.79B
Return on Invested Capital (ROIC)
-2.41%
TTM Avg
8.47%
3Y Avg
8.00%
5Y Avg
8.27%
Market Cap
$4.61B
Return on Invested Capital (ROIC)
5.72%
TTM Avg
9.67%
3Y Avg
8.23%
5Y Avg
8.22%
Market Cap
$4.58B
Return on Invested Capital (ROIC)
4.71%
TTM Avg
3.02%
3Y Avg
2.35%
5Y Avg
2.58%
Market Cap
$4.57B
Return on Invested Capital (ROIC)
4.40%
TTM Avg
5.73%
3Y Avg
5.27%
5Y Avg
5.52%
Market Cap
$4.97B
Return on Invested Capital (ROIC)
0.25%
TTM Avg
1.05%
3Y Avg
-2.25%
5Y Avg
-1.76%
Market Cap
$4.41B
Return on Invested Capital (ROIC)
5.13%
TTM Avg
6.12%
3Y Avg
5.79%
5Y Avg
5.79%
Market Cap
$4.41B
Return on Invested Capital (ROIC)
0.34%
TTM Avg
5.60%
3Y Avg
5.40%
5Y Avg
4.37%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| VSE Corporation (VSEC) | $4.73B | 2.83% | 4.73% | 5.56% | 4.57% |
| EquipmentShare.com Inc. (EQPT)vs › | $4.77B | 3.68% | 3.40% | 3.71% | 3.71% |
| The Middleby Corporation (MIDD)vs › | $4.79B | -2.41% | 8.47% | 8.00% | 8.27% |
| Primoris Services Corporation (PRIM)vs › | $4.61B | 5.72% | 9.67% | 8.23% | 8.22% |
| Amentum Holdings, Inc. (AMTM)vs › | $4.58B | 4.71% | 3.02% | 2.35% | 2.58% |
| UniFirst Corporation (UNF)vs › | $4.57B | 4.40% | 5.73% | 5.27% | 5.52% |
| Mercury Systems, Inc. (MRCY)vs › | $4.97B | 0.25% | 1.05% | -2.25% | -1.76% |
| Karman Holdings Inc. (KRMN)vs › | $4.41B | 5.13% | 6.12% | 5.79% | 5.79% |
| CECO Environmental Corp. (CECO)vs › | $4.41B | 0.34% | 5.60% | 5.40% | 4.37% |
| MYR Group Inc. (MYRG)vs › | $5.05B | 18.21% | 9.12% | 10.21% | 10.99% |
ROIC
2.8%
ROE
2.5%
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) |
|---|---|
| 2026-06-30 | 2.83% |
| 2026-03-31 | 3.23% |
| 2025-12-31 | 5.11% |
| 2025-09-30 | 6.60% |
| 2025-06-30 | 5.88% |
| 2025-03-31 | 5.13% |
| 2024-12-31 | 4.64% |
| 2024-09-30 | 5.13% |
| 2024-06-30 | 5.17% |
| 2024-03-31 | 6.08% |
| 2023-12-31 | 6.11% |
| 2023-09-30 | 5.40% |
| 2023-06-30 | 5.95% |
| 2023-03-31 | 5.11% |
| 2022-12-31 | 5.09% |
| 2022-09-30 | 4.72% |
| 2022-06-30 | 4.73% |
| 2022-03-31 | 2.49% |
| 2021-12-31 | 2.41% |
| 2021-09-30 | 2.15% |
| 2021-06-30 | 2.08% |
| 2021-03-31 | 3.65% |
| 2020-12-31 | 4.56% |
| 2020-09-30 | 4.83% |
| 2020-06-30 | 5.06% |
| 2020-03-31 | 7.10% |
| 2019-12-31 | 6.90% |
| 2019-09-30 | 6.68% |
| 2019-06-30 | 6.24% |
| 2019-03-31 | 5.99% |
| 2018-12-31 | 7.55% |
| 2018-09-30 | 9.05% |
| 2018-06-30 | 8.76% |
| 2018-03-31 | 8.97% |
| 2017-12-31 | 9.02% |
| 2017-09-30 | 6.71% |
| 2017-06-30 | 6.66% |
| 2017-03-31 | 6.21% |
| 2016-12-31 | 6.22% |
| 2016-09-30 | 6.21% |
| 2016-06-30 | 6.09% |
| 2016-03-31 | 6.06% |
| 2015-12-31 | 5.66% |
| 2015-09-30 | 4.77% |
| 2015-06-30 | 4.18% |
| 2015-03-31 | 4.02% |
| 2014-12-31 | 7.85% |
| 2014-09-30 | 8.46% |
| 2014-06-30 | 8.66% |
| 2014-03-31 | 8.90% |
| 2013-12-31 | 8.53% |
| 2013-09-30 | 8.92% |
| 2013-06-30 | 9.00% |
| 2013-03-31 | 8.79% |
| 2012-12-31 | 9.04% |
| 2012-09-30 | 8.13% |
| 2012-06-30 | 7.81% |
| 2012-03-31 | 6.93% |
| 2011-12-31 | 6.25% |
| 2011-09-30 | 5.90% |
| 2011-06-30 | 5.45% |
| 2011-03-31 | 12.51% |
| 2010-12-31 | 13.54% |
| 2010-09-30 | 14.08% |
| 2010-06-30 | 20.95% |
| 2010-03-31 | 22.18% |
| 2009-12-31 | 22.45% |
| 2009-09-30 | 24.01% |
| 2009-06-30 | 22.85% |
| 2009-03-31 | 18.69% |
| 2008-12-31 | 22.00% |
| 2008-09-30 | 22.09% |
| 2008-06-30 | 17.63% |
| 2008-03-31 | 22.51% |
| 2007-12-31 | 22.75% |
| 2007-09-30 | 21.06% |
| 2007-06-30 | 20.06% |
| 2007-03-31 | 19.49% |
| 2006-12-31 | 18.54% |
| 2006-09-30 | 17.67% |
| 2006-06-30 | 17.77% |
| 2006-03-31 | 18.17% |
| 2005-12-31 | 19.03% |
| 2005-09-30 | 18.84% |
| 2005-06-30 | 17.52% |
| 2005-03-31 | 15.88% |
| 2004-12-31 | 13.46% |
| 2004-09-30 | 13.08% |
| 2004-06-30 | 12.18% |
| 2004-03-31 | 10.68% |
| 2003-12-31 | 9.70% |
| 2003-09-30 | 8.75% |
| 2003-06-30 | 7.64% |
