Basis: Latest reported fiscal year. 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 4.12% is 14% above its 5-year average of 3.60%, near the high end of its 5-year range (2.80%–4.43%).
As of the fiscal period ended Wednesday, December 31, 2025. 3.63% below its 12-month average of 4.28%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
4.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.83%
CURRENT VS TTM AVG
-3.63%
CURRENT VS 3Y AVG
+5.04%
CURRENT VS 5Y AVG
+14.50%
CURRENT VS 10Y AVG
+1.12%
CURRENT VS 15Y AVG
+9.10%
CURRENT VS 20Y AVG
+7.62%
SECTOR MEDIAN · FINANCIAL SERVICES
6.38%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
-35.42%
vs the sector median at left
Berkshire Hathaway Inc.
Market Cap
$1.07T
Return on Invested Capital (ROIC)
4.12%
TTM Avg
4.28%
3Y Avg
3.92%
5Y Avg
3.60%
Market Cap
$1.07T
Return on Invested Capital (ROIC)
4.12%
TTM Avg
4.25%
3Y Avg
3.91%
5Y Avg
3.59%
Market Cap
$946.43B
Return on Invested Capital (ROIC)
4.23%
TTM Avg
4.69%
3Y Avg
4.66%
5Y Avg
4.61%
Market Cap
$778.74B
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$681.89B
Return on Invested Capital (ROIC)
28.36%
TTM Avg
28.50%
3Y Avg
26.44%
5Y Avg
23.25%
Market Cap
$624.45B
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$1.65T
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$476.83B
Return on Invested Capital (ROIC)
48.63%
TTM Avg
46.52%
3Y Avg
44.16%
5Y Avg
40.01%
Market Cap
$475.41B
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Berkshire Hathaway Inc. (BRK-A) | $1.07T | 4.12% | 4.28% | 3.92% | 3.60% |
| Berkshire Hathaway Inc. (BRK-B)vs › | $1.07T | 4.12% | 4.25% | 3.91% | 3.59% |
| JPMorgan Chase & Co. (JPM)vs › | $946.43B | 4.23% | 4.69% | 4.66% | 4.61% |
| State Street SPDR S&P 500 ETF (SPY)vs › | $778.74B | N/A | N/A | N/A | N/A |
| Visa Inc. (V)vs › | $681.89B | 28.36% | 28.50% | 26.44% | 23.25% |
| Vanguard Total Stock Market ETF (VTI)vs › | $624.45B | N/A | N/A | N/A | N/A |
| Vanguard S&P 500 ETF (VOO)vs › | $1.65T | N/A | N/A | N/A | N/A |
| Mastercard Incorporated (MA)vs › | $476.83B | 48.63% | 46.52% | 44.16% | 40.01% |
| Invesco QQQ Trust, Series 1 (QQQ)vs › | $475.41B | N/A | N/A | N/A | N/A |
| Bank of America Corporation (BAC)vs › | $440.34B | 3.39% | 2.82% | 2.82% | 2.93% |
ROIC
4.1%
ROE
10.0%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 4.12% |
| 2024-12-31 | 4.43% |
| 2023-12-31 | 3.82% |
| 2022-12-31 | 3.32% |
| 2021-12-31 | 3.10% |
| 2020-12-31 | 2.80% |
| 2019-12-31 | 10.37% |
| 2018-12-31 | 0.92% |
| 2017-12-31 | 3.14% |
| 2016-12-31 | 4.06% |
| 2015-12-31 | 4.74% |
| 2014-12-31 | 4.11% |
| 2013-12-31 | 4.47% |
| 2012-12-31 | 3.87% |
| 2011-12-31 | 2.99% |
| 2010-12-31 | 3.90% |
| 2009-12-31 | 2.93% |
| 2008-12-31 | 2.27% |
| 2007-12-31 | 5.35% |
| 2006-12-31 | 4.95% |
| 2005-12-31 | 4.37% |
| 2004-12-31 | 3.93% |
| 2003-12-31 | 5.08% |
| 2002-12-31 | 2.09% |
| 2001-12-31 | 0.34% |
| 2000-12-31 | 1.63% |
| 1999-12-31 | 0.74% |
| 1998-12-31 | 1.50% |
| 1997-12-31 | 1.90% |
| 1996-12-31 | 3.28% |
