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 31.40% is 71% above its 2-year average of 18.34%, near the high end of its 2-year range (8.24%–31.40%).
As of the fiscal period ended Tuesday, June 30, 2026. 32.48% above its 12-month average of 23.70%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
31.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
23.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+32.48%
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · BASIC MATERIALS
9.11%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
+244.70%
vs the sector median at left
AngloGold Ashanti plc
Market Cap
$56.80B
Return on Invested Capital (ROIC)
31.40%
TTM Avg
23.70%
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$56.85B
Return on Invested Capital (ROIC)
10.13%
TTM Avg
7.31%
3Y Avg
10.13%
5Y Avg
15.59%
Market Cap
$56.62B
Return on Invested Capital (ROIC)
6.19%
TTM Avg
5.23%
3Y Avg
5.29%
5Y Avg
4.46%
Market Cap
$63.00B
Return on Invested Capital (ROIC)
11.65%
TTM Avg
8.61%
3Y Avg
8.75%
5Y Avg
7.88%
Market Cap
$64.35B
Return on Invested Capital (ROIC)
8.48%
TTM Avg
11.31%
3Y Avg
13.87%
5Y Avg
16.82%
Market Cap
$68.50B
Return on Invested Capital (ROIC)
16.61%
TTM Avg
11.24%
3Y Avg
9.32%
5Y Avg
9.68%
Market Cap
$68.91B
Return on Invested Capital (ROIC)
-1.61%
TTM Avg
3.81%
3Y Avg
5.62%
5Y Avg
6.30%
Market Cap
$75.10B
Return on Invested Capital (ROIC)
17.08%
TTM Avg
10.16%
3Y Avg
7.31%
5Y Avg
7.34%
Market Cap
$36.26B
Return on Invested Capital (ROIC)
7.19%
TTM Avg
5.54%
3Y Avg
8.96%
5Y Avg
7.89%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AngloGold Ashanti plc (AU) | $56.80B | 31.40% | 23.70% | N/A | N/A |
| Nucor Corporation (NUE)vs › | $56.85B | 10.13% | 7.31% | 10.13% | 15.59% |
| Corteva, Inc. (CTVA)vs › | $56.62B | 6.19% | 5.23% | 5.29% | 4.46% |
| CRH plc (CRH)vs › | $63.00B | 11.65% | 8.61% | 8.75% | 7.88% |
| Vale S.A. (VALE)vs › | $64.35B | 8.48% | 11.31% | 13.87% | 16.82% |
| Wheaton Precious Metals Corp. (WPM)vs › | $68.50B | 16.61% | 11.24% | 9.32% | 9.68% |
| Air Products and Chemicals, Inc. (APD)vs › | $68.91B | -1.61% | 3.81% | 5.62% | 6.30% |
| Barrick Mining Corporation (B)vs › | $75.10B | 17.08% | 10.16% | 7.31% | 7.34% |
| Nutrien Ltd. (NTR)vs › | $36.26B | 7.19% | 5.54% | 8.96% | 7.89% |
| Vulcan Materials Company (VMC)vs › | $34.93B | 8.25% | 7.30% | 6.97% | 6.71% |
ROIC
31.4%
ROE
42.5%
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 | 31.40% |
| 2026-03-31 | 28.49% |
| 2025-12-31 | 23.43% |
| 2025-09-30 | 19.50% |
| 2025-06-30 | 15.69% |
| 2025-03-31 | 10.74% |
| 2024-12-31 | 8.24% |
| 2024-09-30 | 9.24% |
