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 9.10% is 22% above its 5-year average of 7.44%, near the high end of its 5-year range (-7.35%–9.10%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.00% above its 12-month average of 8.05%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 9.10%.
RETURN ON INVESTED CAPITAL (ROIC)
9.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
2.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.62%
CURRENT VS TTM AVG
+13.00%
CURRENT VS 3Y AVG
+17.33%
CURRENT VS 5Y AVG
+22.38%
CURRENT VS 10Y AVG
+53.55%
CURRENT VS 15Y AVG
+317.18%
CURRENT VS 20Y AVG
+151.32%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
-4.76%
vs the sector median at left
XPO Logistics, Inc.
Market Cap
$20.62B
Return on Invested Capital (ROIC)
9.10%
TTM Avg
8.05%
3Y Avg
7.76%
5Y Avg
7.44%
Market Cap
$20.33B
Return on Invested Capital (ROIC)
4.30%
TTM Avg
1.45%
3Y Avg
1.65%
5Y Avg
-0.47%
Market Cap
$20.10B
Return on Invested Capital (ROIC)
12.68%
TTM Avg
11.36%
3Y Avg
10.29%
5Y Avg
9.38%
Market Cap
$21.52B
Return on Invested Capital (ROIC)
11.14%
TTM Avg
8.86%
3Y Avg
10.88%
5Y Avg
11.43%
Market Cap
$19.02B
Return on Invested Capital (ROIC)
12.35%
TTM Avg
13.79%
3Y Avg
14.76%
5Y Avg
14.83%
Market Cap
$22.64B
Return on Invested Capital (ROIC)
12.01%
TTM Avg
10.54%
3Y Avg
4.76%
5Y Avg
4.12%
Market Cap
$18.01B
Return on Invested Capital (ROIC)
12.16%
TTM Avg
10.14%
3Y Avg
11.93%
5Y Avg
11.77%
Market Cap
$23.45B
Return on Invested Capital (ROIC)
14.70%
TTM Avg
16.98%
3Y Avg
19.04%
5Y Avg
19.79%
Market Cap
$17.61B
Return on Invested Capital (ROIC)
8.09%
TTM Avg
7.89%
3Y Avg
8.73%
5Y Avg
7.44%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| XPO Logistics, Inc. (XPO) | $20.62B | 9.10% | 8.05% | 7.76% | 7.44% |
| Southwest Airlines Co. (LUV)vs › | $20.33B | 4.30% | 1.45% | 1.65% | -0.47% |
| Curtiss-Wright Corporation (CW)vs › | $20.10B | 12.68% | 11.36% | 10.29% | 9.38% |
| J.B. Hunt Transport Services, Inc. (JBHT)vs › | $21.52B | 11.14% | 8.86% | 10.88% | 11.43% |
| Snap-on Incorporated (SNA)vs › | $19.02B | 12.35% | 13.79% | 14.76% | 14.83% |
| MTU Aero Engines AG (MTUAY)vs › | $22.64B | 12.01% | 10.54% | 4.76% | 4.12% |
| Nordson Corporation (NDSN)vs › | $18.01B | 12.16% | 10.14% | 11.93% | 11.77% |
| Veralto Corporation (VLTO)vs › | $23.45B | 14.70% | 16.98% | 19.04% | 19.79% |
| WESCO International, Inc. (WCC)vs › | $17.61B | 8.09% | 7.89% | 8.73% | 7.44% |
| Equifax Inc. (EFX)vs › | $17.48B | 7.91% | 7.52% | 7.25% | 7.45% |
ROIC
9.1%
ROE
20.6%
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 | 9.10% |
| 2026-03-31 | 8.23% |
| 2025-12-31 | 7.56% |
| 2025-09-30 | 7.88% |
| 2025-06-30 | 7.50% |
| 2025-03-31 | 8.64% |
| 2024-12-31 | 8.50% |
| 2024-09-30 | 8.06% |
| 2024-06-30 | 8.13% |
| 2024-03-31 | 6.30% |
| 2023-12-31 | 5.42% |
| 2023-09-30 | -6.92% |
| 2023-06-30 | -7.35% |
| 2023-03-31 | -6.06% |
| 2022-12-31 | -6.02% |
| 2022-09-30 | 7.04% |
| 2022-06-30 | 6.70% |
| 2022-03-31 | 6.52% |
| 2021-12-31 | 7.79% |
| 2021-09-30 | 8.59% |
| 2021-06-30 | 4.44% |
| 2021-03-31 | 2.63% |
| 2020-12-31 | 2.14% |
| 2020-09-30 | 2.05% |
| 2020-06-30 | 2.90% |
| 2020-03-31 | 5.22% |
| 2019-12-31 | 5.80% |
| 2019-09-30 | 5.33% |
| 2019-06-30 | 4.96% |
| 2019-03-31 | 4.78% |
| 2018-12-31 | 5.92% |
| 2018-09-30 | 7.33% |
| 2018-06-30 | 7.00% |
| 2018-03-31 | 6.28% |
| 2017-12-31 | 6.11% |
| 2017-09-30 | 4.46% |
| 2017-06-30 | 4.90% |
| 2017-03-31 | 4.71% |
| 2016-12-31 | 4.24% |
| 2016-09-30 | 3.69% |
| 2016-06-30 | 2.41% |
| 2016-03-31 | 0.38% |
| 2015-12-31 | -0.28% |
| 2015-09-30 | 0.21% |
| 2015-06-30 | -0.54% |
| 2015-03-31 | -0.89% |
| 2014-12-31 | -1.73% |
| 2014-09-30 | -2.31% |
| 2014-06-30 | -5.43% |
| 2014-03-31 | -5.55% |
| 2013-12-31 | -7.66% |
| 2013-09-30 | -8.90% |
| 2013-06-30 | -13.46% |
| 2013-03-31 | -9.87% |
| 2012-12-31 | -7.67% |
| 2012-09-30 | -5.36% |
| 2012-06-30 | -3.90% |
| 2012-03-31 | -1.82% |
| 2011-12-31 | 0.84% |
| 2011-09-30 | 2.82% |
| 2011-06-30 | 11.23% |
| 2011-03-31 | 12.83% |
| 2010-12-31 | 11.82% |
| 2010-09-30 | 11.50% |
| 2010-06-30 | 10.07% |
| 2010-03-31 | 7.28% |
| 2009-12-31 | 4.59% |
| 2009-09-30 | 4.29% |
| 2009-06-30 | 5.05% |
| 2009-03-31 | 6.47% |
| 2008-12-31 | 8.64% |
| 2008-09-30 | 7.73% |
| 2008-06-30 | 6.40% |
| 2008-03-31 | 6.60% |
| 2007-12-31 | 19.15% |
| 2007-09-30 | 30.64% |
| 2007-06-30 | 31.23% |
| 2007-03-31 | 28.98% |
| 2006-12-31 | 8.44% |
| 2006-09-30 | 22.23% |
| 2006-06-30 | 13.35% |
| 2006-03-31 | 1.26% |
| 2005-12-31 | 22.18% |
| 2005-09-30 | 65.43% |
| 2005-06-30 | 79.54% |
| 2004-12-31 | 74.22% |
| 2004-09-30 | 22.61% |
| 2004-06-30 | 12.76% |
| 2004-03-31 | 12.00% |
| 2003-12-31 | 4.46% |
| 2003-09-30 | 7.74% |
| 2003-06-30 | 20.34% |