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 7.64% is 33% above its 5-year average of 5.74%, near the high end of its 5-year range (3.52%–7.90%).
As of the fiscal period ended Wednesday, December 31, 2025. 1.67% below its 12-month average of 7.77%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
7.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
5.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.12%
CURRENT VS TTM AVG
-1.67%
CURRENT VS 3Y AVG
+14.93%
CURRENT VS 5Y AVG
+33.14%
CURRENT VS 10Y AVG
+17.84%
CURRENT VS 15Y AVG
-8.59%
CURRENT VS 20Y AVG
-16.25%
SECTOR MEDIAN · INDUSTRIALS
9.03%
median of 131 covered companies
CURRENT VS SECTOR MEDIAN
-15.39%
vs the sector median at left
Westinghouse Air Brake Technologies Corporation
Market Cap
$49.28B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
7.77%
3Y Avg
6.65%
5Y Avg
5.74%
Market Cap
$49.49B
Return on Invested Capital (ROIC)
11.05%
TTM Avg
10.48%
3Y Avg
9.84%
5Y Avg
10.04%
Market Cap
$49.77B
Return on Invested Capital (ROIC)
5.41%
TTM Avg
4.52%
3Y Avg
5.71%
5Y Avg
7.16%
Market Cap
$51.12B
Return on Invested Capital (ROIC)
13.71%
TTM Avg
13.05%
3Y Avg
14.13%
5Y Avg
13.66%
Market Cap
$46.58B
Return on Invested Capital (ROIC)
1.89%
TTM Avg
1.48%
3Y Avg
-6.32%
5Y Avg
-6.80%
Market Cap
$46.42B
Return on Invested Capital (ROIC)
10.13%
TTM Avg
11.64%
3Y Avg
11.08%
5Y Avg
10.19%
Market Cap
$46.33B
Return on Invested Capital (ROIC)
19.91%
TTM Avg
21.74%
3Y Avg
25.01%
5Y Avg
23.46%
Market Cap
$53.49B
Return on Invested Capital (ROIC)
33.59%
TTM Avg
30.38%
3Y Avg
24.94%
5Y Avg
20.63%
Market Cap
$45.07B
Return on Invested Capital (ROIC)
5.32%
TTM Avg
8.88%
3Y Avg
5.55%
5Y Avg
5.15%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Westinghouse Air Brake Technologies Corporation (WAB) | $49.28B | 7.64% | 7.77% | 6.65% | 5.74% |
| HEICO Corporation (HEI-A)vs › | $49.49B | 11.05% | 10.48% | 9.84% | 10.04% |
| Carrier Global Corporation (CARR)vs › | $49.77B | 5.41% | 4.52% | 5.71% | 7.16% |
| Rockwell Automation, Inc. (ROK)vs › | $51.12B | 13.71% | 13.05% | 14.13% | 13.66% |
| Bloom Energy Corporation (BE)vs › | $46.58B | 1.89% | 1.48% | -6.32% | -6.80% |
| Thomson Reuters Corporation (TRI)vs › | $46.42B | 10.13% | 11.64% | 11.08% | 10.19% |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $46.33B | 19.91% | 21.74% | 25.01% | 23.46% |
| Comfort Systems USA, Inc. (FIX)vs › | $53.49B | 33.59% | 30.38% | 24.94% | 20.63% |
| Ferrovial SE (FER)vs › | $45.07B | 5.32% | 8.88% | 5.55% | 5.15% |
| AMETEK, Inc. (AME)vs › | $53.92B | 10.99% | 11.06% | 10.83% | 10.33% |
ROIC
7.6%
ROE
11.3%
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 | 7.64% |
| 2024-12-31 | 7.90% |
| 2023-12-31 | 6.09% |
| 2022-12-31 | 4.96% |
| 2021-12-31 | 4.32% |
| 2020-12-31 | 3.52% |
| 2019-12-31 | 3.08% |
| 2018-12-31 | 5.32% |
| 2017-12-31 | 6.21% |
| 2016-12-31 | 6.58% |
| 2015-12-31 | 15.70% |
| 2014-12-31 | 14.23% |
| 2013-12-31 | 13.53% |
| 2012-12-31 | 14.55% |
| 2011-12-31 | 11.15% |
| 2010-12-31 | 8.94% |
| 2009-12-31 | 9.66% |
| 2008-12-31 | 11.81% |
| 2007-12-31 | 13.20% |
| 2006-12-31 | 12.20% |
| 2005-12-31 | 10.97% |
| 2004-12-31 | 7.79% |
| 2003-12-31 | 6.52% |
| 2002-12-31 | 7.11% |
| 2001-12-31 | 7.52% |
| 2000-12-31 | 4.96% |
| 1999-12-31 | 5.80% |
| 1998-12-31 | 24.76% |
| 1997-12-31 | 24.85% |
| 1996-12-31 | 16.61% |
