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 16.61% is 73% above its 5-year average of 9.59%, near the high end of its 5-year range (6.36%–18.06%).
As of the fiscal period ended Tuesday, June 30, 2026. 17.54% above its 12-month average of 14.14%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 16.61%.
RETURN ON INVESTED CAPITAL (ROIC)
16.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
14.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.24%
CURRENT VS TTM AVG
+17.54%
CURRENT VS 3Y AVG
+93.86%
CURRENT VS 5Y AVG
+73.22%
CURRENT VS 10Y AVG
+131.45%
CURRENT VS 15Y AVG
+87.98%
CURRENT VS 20Y AVG
+101.59%
SECTOR MEDIAN · BASIC MATERIALS
8.91%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
+86.36%
vs the sector median at left
Wheaton Precious Metals Corp.
Market Cap
$66.99B
Return on Invested Capital (ROIC)
16.61%
TTM Avg
14.14%
3Y Avg
8.57%
5Y Avg
9.59%
Market Cap
$62.99B
Return on Invested Capital (ROIC)
-1.61%
TTM Avg
3.81%
3Y Avg
5.62%
5Y Avg
6.30%
Market Cap
$71.39B
Return on Invested Capital (ROIC)
17.08%
TTM Avg
10.16%
3Y Avg
7.31%
5Y Avg
7.34%
Market Cap
$60.41B
Return on Invested Capital (ROIC)
8.48%
TTM Avg
11.31%
3Y Avg
13.87%
5Y Avg
16.82%
Market Cap
$75.83B
Return on Invested Capital (ROIC)
9.42%
TTM Avg
11.92%
3Y Avg
10.20%
5Y Avg
9.64%
Market Cap
$57.41B
Return on Invested Capital (ROIC)
8.23%
TTM Avg
8.61%
3Y Avg
8.75%
5Y Avg
7.88%
Market Cap
$56.34B
Return on Invested Capital (ROIC)
10.13%
TTM Avg
7.31%
3Y Avg
10.13%
5Y Avg
15.59%
Market Cap
$78.27B
Return on Invested Capital (ROIC)
14.59%
TTM Avg
15.02%
3Y Avg
14.74%
5Y Avg
14.56%
Market Cap
$53.47B
Return on Invested Capital (ROIC)
6.19%
TTM Avg
5.23%
3Y Avg
5.29%
5Y Avg
4.46%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Wheaton Precious Metals Corp. (WPM) | $66.99B | 16.61% | 14.14% | 8.57% | 9.59% |
| Air Products and Chemicals, Inc. (APD)vs › | $62.99B | -1.61% | 3.81% | 5.62% | 6.30% |
| Barrick Mining Corporation (B)vs › | $71.39B | 17.08% | 10.16% | 7.31% | 7.34% |
| Vale S.A. (VALE)vs › | $60.41B | 8.48% | 11.31% | 13.87% | 16.82% |
| Ecolab Inc. (ECL)vs › | $75.83B | 9.42% | 11.92% | 10.20% | 9.64% |
| CRH plc (CRH)vs › | $57.41B | 8.23% | 8.61% | 8.75% | 7.88% |
| Nucor Corporation (NUE)vs › | $56.34B | 10.13% | 7.31% | 10.13% | 15.59% |
| The Sherwin-Williams Company (SHW)vs › | $78.27B | 14.59% | 15.02% | 14.74% | 14.56% |
| Corteva, Inc. (CTVA)vs › | $53.47B | 6.19% | 5.23% | 5.29% | 4.46% |
| AngloGold Ashanti plc (AU)vs › | $51.01B | 31.40% | 16.34% | 10.27% | 10.53% |
ROIC
16.6%
ROE
21.2%
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 | 16.61% |
| 2026-03-31 | 18.06% |
| 2025-12-31 | 15.37% |
| 2025-09-30 | 10.88% |
| 2025-06-30 | 9.76% |
| 2025-03-31 | 7.85% |
| 2024-12-31 | 6.89% |
| 2024-09-30 | 8.02% |
| 2024-06-30 | 7.59% |
| 2024-03-31 | 7.86% |
| 2023-12-31 | 7.19% |
| 2023-09-30 | 6.50% |
| 2023-06-30 | 6.36% |
| 2023-03-31 | 6.61% |
| 2022-12-31 | 7.60% |
| 2022-09-30 | 10.53% |
| 2022-06-30 | 11.45% |
| 2022-03-31 | 11.80% |
| 2021-12-31 | 12.04% |
| 2021-09-30 | 10.25% |
| 2021-06-30 | 10.65% |
| 2021-03-31 | 9.83% |
| 2020-12-31 | 8.77% |
| 2020-09-30 | 7.45% |
| 2020-06-30 | 6.23% |
| 2020-03-31 | 2.76% |
| 2019-12-31 | 2.02% |
| 2019-09-30 | 0.75% |
| 2019-06-30 | 0.85% |
| 2019-03-31 | 3.59% |
| 2018-12-31 | 3.66% |
| 2018-09-30 | 4.38% |
| 2018-06-30 | 5.05% |
| 2018-03-31 | 5.56% |
| 2017-12-31 | 5.34% |
| 2017-09-30 | 5.16% |
| 2017-06-30 | 5.35% |
| 2017-03-31 | 5.19% |
| 2016-12-31 | 4.80% |
| 2016-09-30 | 4.24% |
| 2016-06-30 | 4.32% |
| 2016-03-31 | 4.27% |
| 2015-12-31 | 4.48% |
| 2015-09-30 | 5.00% |
| 2015-06-30 | 5.12% |
| 2015-03-31 | 5.32% |
| 2014-12-31 | 6.67% |
| 2014-09-30 | 7.35% |
| 2014-06-30 | 7.71% |
| 2014-03-31 | 8.20% |
| 2013-12-31 | 9.68% |
| 2013-09-30 | 11.48% |
| 2013-06-30 | 12.31% |
| 2013-03-31 | 13.83% |
| 2012-12-31 | 19.13% |
| 2012-09-30 | 18.86% |
| 2012-06-30 | 20.02% |
| 2012-03-31 | 20.51% |
| 2011-12-31 | 20.11% |
| 2011-09-30 | 19.47% |
| 2011-06-30 | 14.42% |
| 2011-03-31 | 9.55% |
| 2010-12-31 | 7.32% |
| 2010-09-30 | 6.19% |
| 2010-06-30 | 6.82% |
| 2010-03-31 | 6.79% |
| 2009-12-31 | 5.79% |
| 2009-09-30 | 3.32% |
| 2009-06-30 | 4.14% |
| 2009-03-31 | 3.87% |
| 2008-12-31 | 5.45% |
| 2008-09-30 | 8.54% |
| 2008-06-30 | 7.86% |
| 2008-03-31 | 8.66% |
| 2007-12-31 | 8.54% |
| 2007-09-30 | 10.30% |
| 2007-06-30 | 16.53% |
| 2007-03-31 | 18.18% |
| 2006-12-31 | 17.33% |
| 2006-09-30 | 11.32% |
| 2006-06-30 | 9.07% |
| 2006-03-31 | 6.09% |
| 2005-12-31 | 10.24% |
| 2004-08-31 | -0.11% |
| 2004-05-31 | -5.64% |
| 2004-02-29 | -0.89% |
| 2003-11-30 | 7.46% |
| 2003-08-31 | 3.85% |
| 2003-05-31 | 2.02% |
| 2003-02-28 | 2.73% |
