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 17.08% is 12% above its 5-year average of 15.31%, near the high end of its 5-year range (8.90%–17.08%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.52% above its 12-month average of 15.88%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
17.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
15.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
15.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
15.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
11.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.87%
CURRENT VS TTM AVG
+7.52%
CURRENT VS 3Y AVG
+9.12%
CURRENT VS 5Y AVG
+11.53%
CURRENT VS 10Y AVG
+52.39%
CURRENT VS 15Y AVG
+47.38%
CURRENT VS 20Y AVG
+43.92%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 146 covered companies
CURRENT VS SECTOR MEDIAN
+78.73%
vs the sector median at left
Applied Industrial Technologies, Inc.
Market Cap
$12.51B
Return on Invested Capital (ROIC)
17.08%
TTM Avg
15.88%
3Y Avg
15.65%
5Y Avg
15.31%
Market Cap
$12.89B
Return on Invested Capital (ROIC)
13.49%
TTM Avg
16.11%
3Y Avg
20.03%
5Y Avg
19.49%
Market Cap
$12.89B
Return on Invested Capital (ROIC)
18.82%
TTM Avg
17.29%
3Y Avg
20.01%
5Y Avg
20.48%
Market Cap
$12.07B
Return on Invested Capital (ROIC)
10.04%
TTM Avg
11.46%
3Y Avg
8.25%
5Y Avg
7.23%
Market Cap
$11.71B
Return on Invested Capital (ROIC)
5.32%
TTM Avg
4.81%
3Y Avg
5.62%
5Y Avg
6.51%
Market Cap
$11.61B
Return on Invested Capital (ROIC)
6.95%
TTM Avg
7.60%
3Y Avg
8.15%
5Y Avg
10.34%
Market Cap
$13.52B
Return on Invested Capital (ROIC)
23.32%
TTM Avg
29.84%
3Y Avg
31.02%
5Y Avg
31.54%
Market Cap
$13.58B
Return on Invested Capital (ROIC)
16.20%
TTM Avg
16.74%
3Y Avg
16.59%
5Y Avg
16.64%
Market Cap
$14.16B
Return on Invested Capital (ROIC)
7.34%
TTM Avg
7.33%
3Y Avg
6.69%
5Y Avg
6.34%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Applied Industrial Technologies, Inc. (AIT) | $12.51B | 17.08% | 15.88% | 15.65% | 15.31% |
| Watsco, Inc. (WSO)vs › | $12.89B | 13.49% | 16.11% | 20.03% | 19.49% |
| Graco Inc. (GGG)vs › | $12.89B | 18.82% | 17.29% | 20.01% | 20.48% |
| Crane Company (CR)vs › | $12.07B | 10.04% | 11.46% | 8.25% | 7.23% |
| Huntington Ingalls Industries, Inc. (HII)vs › | $11.71B | 5.32% | 4.81% | 5.62% | 6.51% |
| Generac Holdings Inc. (GNRC)vs › | $11.61B | 6.95% | 7.60% | 8.15% | 10.34% |
| Lennox International Inc. (LII)vs › | $13.52B | 23.32% | 29.84% | 31.02% | 31.54% |
| Allegion plc (ALLE)vs › | $13.58B | 16.20% | 16.74% | 16.59% | 16.64% |
| Textron Inc. (TXT)vs › | $14.16B | 7.34% | 7.33% | 6.69% | 6.34% |
| CNH Industrial N.V. (CNH)vs › | $14.17B | 6.20% | 6.54% | 8.07% | 7.15% |
ROIC
17.1%
ROE
22.3%
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 | 17.08% |
| 2026-03-31 | 16.98% |
| 2025-12-31 | 15.62% |
| 2025-09-30 | 14.97% |
| 2025-06-30 | 14.76% |
| 2025-03-31 | 14.59% |
| 2024-12-31 | 14.54% |
| 2024-09-30 | 14.85% |
| 2024-06-30 | 15.51% |
| 2024-03-31 | 15.64% |
| 2023-12-31 | 16.19% |
| 2023-09-30 | 16.34% |
| 2023-06-30 | 16.37% |
| 2023-03-31 | 16.49% |
| 2022-12-31 | 15.58% |
| 2022-09-30 | 15.00% |
| 2022-06-30 | 14.01% |
| 2022-03-31 | 13.19% |
| 2021-12-31 | 13.20% |
| 2021-09-30 | 9.65% |
| 2021-06-30 | 8.90% |
| 2021-03-31 | 7.20% |
| 2020-12-31 | 1.00% |
| 2020-09-30 | 2.30% |
| 2020-06-30 | 2.53% |
| 2020-03-31 | 3.26% |
| 2019-12-31 | 7.72% |
| 2019-09-30 | 7.90% |
| 2019-06-30 | 8.85% |
| 2019-03-31 | 8.95% |
| 2018-12-31 | 9.99% |
| 2018-09-30 | 9.28% |
| 2018-06-30 | 8.34% |
| 2018-03-31 | 8.55% |
| 2017-12-31 | 13.43% |
| 2017-09-30 | 13.16% |
| 2017-06-30 | 12.93% |
| 2017-03-31 | 10.38% |
| 2016-12-31 | 4.68% |
| 2016-09-30 | 4.82% |
| 2016-06-30 | 4.69% |
| 2016-03-31 | 4.78% |
| 2015-12-31 | 9.83% |
| 2015-09-30 | 10.45% |
| 2015-06-30 | 10.74% |
| 2015-03-31 | 10.06% |
| 2014-12-31 | 10.03% |
| 2014-09-30 | 9.65% |
| 2014-06-30 | 10.66% |
| 2014-03-31 | 13.34% |
| 2013-12-31 | 13.49% |
| 2013-09-30 | 13.85% |
| 2013-06-30 | 14.43% |
| 2013-03-31 | 14.74% |
| 2012-12-31 | 14.32% |
| 2012-09-30 | 14.66% |
| 2012-06-30 | 15.00% |
| 2012-03-31 | 14.46% |
| 2011-12-31 | 14.59% |
| 2011-09-30 | 14.68% |
| 2011-06-30 | 13.63% |
| 2011-03-31 | 14.08% |
| 2010-12-31 | 13.44% |
| 2010-09-30 | 11.85% |
| 2010-06-30 | 9.93% |
| 2010-03-31 | 4.87% |
| 2009-12-31 | 4.22% |
| 2009-09-30 | 5.30% |
| 2009-06-30 | 7.08% |
| 2009-03-31 | 11.30% |
| 2008-12-31 | 12.73% |
| 2008-09-30 | 13.67% |
| 2008-06-30 | 15.98% |
| 2008-03-31 | 16.61% |
| 2007-12-31 | 16.51% |
| 2007-09-30 | 14.54% |
| 2007-06-30 | 14.64% |
| 2007-03-31 | 14.62% |
| 2006-12-31 | 14.27% |
| 2006-09-30 | 14.17% |
| 2006-06-30 | 13.63% |
| 2006-03-31 | 12.92% |
| 2005-12-31 | 12.34% |
| 2005-09-30 | 11.57% |
| 2005-06-30 | 11.09% |
| 2005-03-31 | 10.52% |
| 2004-12-31 | 10.02% |
| 2004-09-30 | 9.28% |
| 2004-06-30 | 7.82% |
| 2004-03-31 | 7.03% |
| 2003-12-31 | 5.99% |
| 2003-09-30 | 5.74% |
| 2003-06-30 | 5.64% |
