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 -1.61% is 123% below its 5-year average of 6.99%, near the low end of its 5-year range (-2.33%–9.95%).
As of the fiscal period ended Tuesday, June 30, 2026. 506.80% below its 12-month average of 0.40%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
-1.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
0.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
7.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.94%
CURRENT VS TTM AVG
-506.80%
CURRENT VS 3Y AVG
-131.50%
CURRENT VS 5Y AVG
-123.07%
CURRENT VS 10Y AVG
-120.24%
CURRENT VS 15Y AVG
-120.93%
CURRENT VS 20Y AVG
-120.32%
SECTOR MEDIAN · BASIC MATERIALS
8.91%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
-118.09%
vs the sector median at left
Air Products and Chemicals, Inc.
Market Cap
$66.30B
Return on Invested Capital (ROIC)
-1.61%
TTM Avg
0.40%
3Y Avg
5.12%
5Y Avg
6.99%
Market Cap
$66.36B
Return on Invested Capital (ROIC)
8.48%
TTM Avg
11.31%
3Y Avg
13.87%
5Y Avg
16.82%
Market Cap
$70.44B
Return on Invested Capital (ROIC)
16.61%
TTM Avg
11.24%
3Y Avg
9.32%
5Y Avg
9.68%
Market Cap
$60.55B
Return on Invested Capital (ROIC)
8.23%
TTM Avg
8.61%
3Y Avg
8.75%
5Y Avg
7.88%
Market Cap
$73.89B
Return on Invested Capital (ROIC)
17.08%
TTM Avg
10.16%
3Y Avg
7.31%
5Y Avg
7.34%
Market Cap
$58.39B
Return on Invested Capital (ROIC)
10.13%
TTM Avg
7.31%
3Y Avg
10.13%
5Y Avg
15.59%
Market Cap
$57.45B
Return on Invested Capital (ROIC)
6.19%
TTM Avg
5.23%
3Y Avg
5.29%
5Y Avg
4.46%
Market Cap
$54.53B
Return on Invested Capital (ROIC)
31.40%
TTM Avg
16.34%
3Y Avg
10.27%
5Y Avg
10.53%
Market Cap
$78.27B
Return on Invested Capital (ROIC)
9.42%
TTM Avg
11.92%
3Y Avg
10.20%
5Y Avg
9.64%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Air Products and Chemicals, Inc. (APD) | $66.30B | -1.61% | 0.40% | 5.12% | 6.99% |
| Vale S.A. (VALE)vs › | $66.36B | 8.48% | 11.31% | 13.87% | 16.82% |
| Wheaton Precious Metals Corp. (WPM)vs › | $70.44B | 16.61% | 11.24% | 9.32% | 9.68% |
| CRH plc (CRH)vs › | $60.55B | 8.23% | 8.61% | 8.75% | 7.88% |
| Barrick Mining Corporation (B)vs › | $73.89B | 17.08% | 10.16% | 7.31% | 7.34% |
| Nucor Corporation (NUE)vs › | $58.39B | 10.13% | 7.31% | 10.13% | 15.59% |
| Corteva, Inc. (CTVA)vs › | $57.45B | 6.19% | 5.23% | 5.29% | 4.46% |
| AngloGold Ashanti plc (AU)vs › | $54.53B | 31.40% | 16.34% | 10.27% | 10.53% |
| Ecolab Inc. (ECL)vs › | $78.27B | 9.42% | 11.92% | 10.20% | 9.64% |
| The Sherwin-Williams Company (SHW)vs › | $79.16B | 14.59% | 15.02% | 14.74% | 14.56% |
ROIC
-1.6%
ROE
-0.3%
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 | -1.61% |
| 2026-03-31 | 4.67% |
| 2025-12-31 | -2.07% |
| 2025-09-30 | -2.33% |
| 2025-06-30 | 3.33% |
| 2025-03-31 | 3.50% |
| 2024-12-31 | 9.81% |
| 2024-09-30 | 9.95% |
| 2024-06-30 | 6.80% |
| 2024-03-31 | 6.66% |
| 2023-12-31 | 6.52% |
| 2023-09-30 | 6.96% |
| 2023-06-30 | 6.94% |
| 2023-03-31 | 7.13% |
| 2022-12-31 | 7.85% |
| 2022-09-30 | 7.88% |
| 2022-06-30 | 7.68% |
| 2022-03-31 | 7.54% |
| 2021-12-31 | 7.53% |
| 2021-09-30 | 7.58% |
| 2021-06-30 | 7.57% |
| 2021-03-31 | 7.38% |
| 2020-12-31 | 7.42% |
| 2020-09-30 | 7.73% |
| 2020-06-30 | 7.87% |
| 2020-03-31 | 10.38% |
| 2019-12-31 | 10.12% |
| 2019-09-30 | 9.84% |
| 2019-06-30 | 9.34% |
| 2019-03-31 | 9.19% |
| 2018-12-31 | 9.32% |
| 2018-09-30 | 8.41% |
| 2018-06-30 | 8.44% |
| 2018-03-31 | 7.04% |
| 2017-12-31 | 6.59% |
| 2017-09-30 | 7.09% |
| 2017-06-30 | 6.99% |
| 2017-03-31 | 7.68% |
| 2016-12-31 | 8.48% |
| 2016-09-30 | 7.59% |
| 2016-06-30 | 7.65% |
| 2016-03-31 | 8.12% |
| 2015-12-31 | 7.98% |
| 2015-09-30 | 8.29% |
| 2015-06-30 | 6.36% |
| 2015-03-31 | 6.34% |
| 2014-12-31 | 6.29% |
| 2014-09-30 | 6.02% |
| 2014-06-30 | 6.45% |
| 2014-03-31 | 6.43% |
| 2013-12-31 | 6.49% |
| 2013-09-30 | 6.45% |
| 2013-06-30 | 6.45% |
| 2013-03-31 | 6.98% |
| 2012-12-31 | 6.87% |
| 2012-09-30 | 6.70% |
| 2012-06-30 | 8.97% |
| 2012-03-31 | 8.61% |
| 2011-12-31 | 9.19% |
| 2011-09-30 | 9.72% |
| 2011-06-30 | 9.22% |
| 2011-03-31 | 9.13% |
| 2010-12-31 | 8.98% |
| 2010-09-30 | 8.96% |
| 2010-06-30 | 8.85% |
| 2010-03-31 | 7.52% |
| 2009-12-31 | 7.10% |
| 2009-09-30 | 5.82% |
| 2009-06-30 | 8.85% |
| 2009-03-31 | 8.49% |
| 2008-12-31 | 9.01% |
| 2008-09-30 | 10.42% |
| 2008-06-30 | 7.93% |
| 2008-03-31 | 9.83% |
| 2007-12-31 | 9.83% |
| 2007-09-30 | 9.79% |
| 2007-06-30 | 8.47% |
| 2007-03-31 | 8.32% |
| 2006-12-31 | 8.22% |
| 2006-09-30 | 8.20% |
| 2006-06-30 | 8.03% |
| 2006-03-31 | 8.03% |
| 2005-12-31 | 8.13% |
| 2005-09-30 | 8.26% |
| 2005-06-30 | 8.20% |
| 2005-03-31 | 7.61% |
| 2004-12-31 | 7.35% |
| 2004-09-30 | 7.49% |
| 2004-06-30 | 7.06% |
| 2004-03-31 | 5.49% |
| 2003-12-31 | 5.27% |
| 2003-09-30 | 5.41% |
| 2003-06-30 | 5.72% |
