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 13.30% is in line with its 5-year average of 12.20%, around the middle of its 5-year range (7.03%–17.15%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.93% above its 12-month average of 12.68%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Quarter ended Jun 2026 (2026-06-30): 13.30%.
RETURN ON INVESTED CAPITAL (ROIC)
13.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
14.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
12.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
9.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.36%
CURRENT VS TTM AVG
+4.93%
CURRENT VS 3Y AVG
-6.60%
CURRENT VS 5Y AVG
+9.02%
CURRENT VS 10Y AVG
+47.10%
CURRENT VS 15Y AVG
+61.11%
CURRENT VS 20Y AVG
+80.78%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+39.23%
vs the sector median at left
Caterpillar Inc.
Market Cap
$375.68B
Return on Invested Capital (ROIC)
13.30%
TTM Avg
12.68%
3Y Avg
14.24%
5Y Avg
12.20%
Market Cap
$337.64B
Return on Invested Capital (ROIC)
10.22%
TTM Avg
7.21%
3Y Avg
4.90%
5Y Avg
3.42%
Market Cap
$266.25B
Return on Invested Capital (ROIC)
7.33%
TTM Avg
5.57%
3Y Avg
4.45%
5Y Avg
3.27%
Market Cap
$253.29B
Return on Invested Capital (ROIC)
7.21%
TTM Avg
4.38%
3Y Avg
-3.00%
5Y Avg
-3.00%
Market Cap
$236.47B
Return on Invested Capital (ROIC)
5.77%
TTM Avg
6.13%
3Y Avg
5.73%
5Y Avg
5.15%
Market Cap
$190.06B
Return on Invested Capital (ROIC)
10.96%
TTM Avg
10.36%
3Y Avg
10.24%
5Y Avg
9.45%
Market Cap
$182.80B
Return on Invested Capital (ROIC)
7.20%
TTM Avg
7.16%
3Y Avg
9.76%
5Y Avg
9.33%
Market Cap
$175.91B
Return on Invested Capital (ROIC)
16.45%
TTM Avg
15.14%
3Y Avg
13.99%
5Y Avg
12.86%
Market Cap
$169.16B
Return on Invested Capital (ROIC)
11.65%
TTM Avg
11.62%
3Y Avg
11.69%
5Y Avg
11.48%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Caterpillar Inc. (CAT) | $375.68B | 13.30% | 12.68% | 14.24% | 12.20% |
| GE Aerospace (GE)vs › | $337.64B | 10.22% | 7.21% | 4.90% | 3.42% |
| RTX Corporation (RTX)vs › | $266.25B | 7.33% | 5.57% | 4.45% | 3.27% |
| GE Vernova Inc. (GEV)vs › | $253.29B | 7.21% | 4.38% | -3.00% | -3.00% |
| Siemens AG (SIEGY)vs › | $236.47B | 5.77% | 6.13% | 5.73% | 5.15% |
| Schneider Electric S.E. (SBGSY)vs › | $190.06B | 10.96% | 10.36% | 10.24% | 9.45% |
| Deere & Company (DE)vs › | $182.80B | 7.20% | 7.16% | 9.76% | 9.33% |
| ABB Ltd (ABBNY)vs › | $175.91B | 16.45% | 15.14% | 13.99% | 12.86% |
| Union Pacific Corporation (UNP)vs › | $169.16B | 11.65% | 11.62% | 11.69% | 11.48% |
| The Boeing Company (BA)vs › | $163.15B | -7.72% | -12.31% | -8.28% | -9.55% |
ROIC
13.3%
ROE
55.9%
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 | 13.30% |
| 2026-03-31 | 12.44% |
| 2025-12-31 | 11.42% |
| 2025-09-30 | 12.61% |
| 2025-06-30 | 13.61% |
| 2025-03-31 | 14.86% |
| 2024-12-31 | 15.79% |
| 2024-09-30 | 15.96% |
| 2024-06-30 | 17.06% |
| 2024-03-31 | 17.15% |
| 2023-12-31 | 15.44% |
| 2023-09-30 | 13.19% |
| 2023-06-30 | 12.31% |
| 2023-03-31 | 10.36% |
| 2022-12-31 | 9.79% |
| 2022-09-30 | 10.14% |
| 2022-06-30 | 9.00% |
| 2022-03-31 | 8.39% |
| 2021-12-31 | 8.38% |
| 2021-09-30 | 8.01% |
| 2021-06-30 | 7.03% |
| 2021-03-31 | 5.76% |
| 2020-12-31 | 5.35% |
| 2020-09-30 | 5.90% |
| 2020-06-30 | 7.12% |
| 2020-03-31 | 9.02% |
| 2019-12-31 | 10.19% |
| 2019-09-30 | 10.17% |
| 2019-06-30 | 10.56% |
| 2019-03-31 | 10.65% |
| 2018-12-31 | 10.51% |
| 2018-09-30 | 6.66% |
| 2018-06-30 | 6.05% |
| 2018-03-31 | 5.22% |
| 2017-12-31 | 3.81% |
| 2017-09-30 | 1.56% |
| 2017-06-30 | 0.68% |
| 2017-03-31 | 0.33% |
| 2016-12-31 | 0.44% |
| 2016-09-30 | 2.06% |
| 2016-06-30 | 2.49% |
| 2016-03-31 | 3.00% |
| 2015-12-31 | 4.31% |
| 2015-09-30 | 5.60% |
| 2015-06-30 | 5.96% |
| 2015-03-31 | 6.07% |
| 2014-12-31 | 5.69% |
| 2014-09-30 | 6.01% |
| 2014-06-30 | 5.79% |
| 2014-03-31 | 6.12% |
| 2013-12-31 | 6.09% |
| 2013-09-30 | 5.47% |
| 2013-06-30 | 6.53% |
| 2013-03-31 | 7.22% |
| 2012-12-31 | 8.26% |
| 2012-09-30 | 9.31% |
| 2012-06-30 | 8.84% |
| 2012-03-31 | 8.57% |
| 2011-12-31 | 8.51% |
| 2011-09-30 | 8.00% |
| 2011-06-30 | 7.56% |
| 2011-03-31 | 7.50% |
| 2010-12-31 | 5.87% |
| 2010-09-30 | 4.25% |
| 2010-06-30 | 3.48% |
| 2010-03-31 | 2.48% |
| 2009-12-31 | 1.13% |
| 2009-09-30 | 1.74% |
| 2009-06-30 | 3.33% |
| 2009-03-31 | 4.70% |
| 2008-12-31 | 6.40% |
| 2008-09-30 | 7.29% |
| 2008-06-30 | 8.11% |
| 2008-03-31 | 7.77% |
| 2007-12-31 | 7.79% |
| 2007-09-30 | 7.76% |
| 2007-06-30 | 7.50% |
| 2007-03-31 | 8.11% |
| 2006-12-31 | 8.54% |
| 2006-09-30 | 8.38% |
| 2006-06-30 | 8.32% |
| 2006-03-31 | 7.80% |
| 2005-12-31 | 7.10% |
| 2005-09-30 | 6.56% |
| 2005-06-30 | 6.26% |
| 2005-03-31 | 5.85% |
| 2004-12-31 | 5.72% |
| 2004-09-30 | 5.52% |
| 2004-06-30 | 5.13% |
| 2004-03-31 | 4.81% |
| 2003-12-31 | 4.12% |
| 2003-09-30 | 3.99% |
| 2003-06-30 | 3.97% |
