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 8.88% is in line with its 5-year average of 8.88%, around the middle of its 5-year range (7.43%–9.96%).
As of the fiscal period ended Wednesday, December 31, 2025. 3.38% above its 12-month average of 8.59%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
8.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
9.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.48%
CURRENT VS TTM AVG
+3.38%
CURRENT VS 3Y AVG
-3.43%
CURRENT VS 5Y AVG
+0.04%
CURRENT VS 10Y AVG
-4.27%
CURRENT VS 15Y AVG
+1.88%
CURRENT VS 20Y AVG
+4.74%
SECTOR MEDIAN · INDUSTRIALS
9.32%
median of 129 covered companies
CURRENT VS SECTOR MEDIAN
-4.72%
vs the sector median at left
Waste Management, Inc.
Market Cap
$90.12B
Return on Invested Capital (ROIC)
8.88%
TTM Avg
8.59%
3Y Avg
9.20%
5Y Avg
8.88%
Market Cap
$89.88B
Return on Invested Capital (ROIC)
10.40%
TTM Avg
11.21%
3Y Avg
13.32%
5Y Avg
13.95%
Market Cap
$92.13B
Return on Invested Capital (ROIC)
7.26%
TTM Avg
6.33%
3Y Avg
6.08%
5Y Avg
7.56%
Market Cap
$88.13B
Return on Invested Capital (ROIC)
11.41%
TTM Avg
12.55%
3Y Avg
9.89%
5Y Avg
10.37%
Market Cap
$93.68B
Return on Invested Capital (ROIC)
8.40%
TTM Avg
9.30%
3Y Avg
10.17%
5Y Avg
9.93%
Market Cap
$94.25B
Return on Invested Capital (ROIC)
11.53%
TTM Avg
12.46%
3Y Avg
10.54%
5Y Avg
11.94%
Market Cap
$83.52B
Return on Invested Capital (ROIC)
24.49%
TTM Avg
25.84%
3Y Avg
24.99%
5Y Avg
22.94%
Market Cap
$82.99B
Return on Invested Capital (ROIC)
5.09%
TTM Avg
4.89%
3Y Avg
1.62%
5Y Avg
3.59%
Market Cap
$81.92B
Return on Invested Capital (ROIC)
9.21%
TTM Avg
9.50%
3Y Avg
8.62%
5Y Avg
9.59%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waste Management, Inc. (WM) | $90.12B | 8.88% | 8.59% | 9.20% | 8.88% |
| United Parcel Service, Inc. (UPS)vs › | $89.88B | 10.40% | 11.21% | 13.32% | 13.95% |
| Emerson Electric Co. (EMR)vs › | $92.13B | 7.26% | 6.33% | 6.08% | 7.56% |
| Cummins Inc. (CMI)vs › | $88.13B | 11.41% | 12.55% | 9.89% | 10.37% |
| CSX Corporation (CSX)vs › | $93.68B | 8.40% | 9.30% | 10.17% | 9.93% |
| 3M Company (MMM)vs › | $94.25B | 11.53% | 12.46% | 10.54% | 11.94% |
| Illinois Tool Works Inc. (ITW)vs › | $83.52B | 24.49% | 25.84% | 24.99% | 22.94% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $82.99B | 5.09% | 4.89% | 1.62% | 3.59% |
| Northrop Grumman Corporation (NOC)vs › | $81.92B | 9.21% | 9.50% | 8.62% | 9.59% |
| FedEx Corporation (FDX)vs › | $80.64B | 5.95% | 5.97% | 5.83% | 6.14% |
ROIC
8.9%
ROE
28.7%
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 | 8.88% |
| 2024-12-31 | 8.30% |
| 2023-12-31 | 9.96% |
| 2022-12-31 | 9.64% |
| 2021-12-31 | 9.05% |
| 2020-12-31 | 7.43% |
| 2019-12-31 | 8.81% |
| 2018-12-31 | 11.08% |
| 2017-12-31 | 12.07% |
| 2016-12-31 | 8.45% |
| 2015-12-31 | 8.37% |
| 2014-12-31 | 9.08% |
| 2013-12-31 | 2.69% |
| 2012-12-31 | 6.32% |
| 2011-12-31 | 6.79% |
| 2010-12-31 | 6.51% |
| 2009-12-31 | 7.65% |
| 2008-12-31 | 7.58% |
| 2007-12-31 | 8.54% |
| 2006-12-31 | 8.82% |
| 2005-12-31 | 9.82% |
| 2004-12-31 | 7.36% |
| 2003-12-31 | 5.53% |
| 2002-12-31 | 6.50% |
| 2001-12-31 | 5.04% |
| 2000-12-31 | -3.43% |
| 1999-12-31 | 7.24% |
| 1998-12-31 | 13.21% |
| 1997-12-31 | 6.58% |
| 1996-12-31 | 4.90% |
