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 5.09% is 42% above its 5-year average of 3.59%, around the middle of its 5-year range (-7.24%–11.28%).
As of the fiscal period ended Wednesday, December 31, 2025. 3.98% above its 12-month average of 4.89%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
5.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
1.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
7.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.16%
CURRENT VS TTM AVG
+3.98%
CURRENT VS 3Y AVG
+214.68%
CURRENT VS 5Y AVG
+41.85%
CURRENT VS 10Y AVG
-26.87%
CURRENT VS 15Y AVG
-36.11%
CURRENT VS 20Y AVG
-37.66%
SECTOR MEDIAN · INDUSTRIALS
9.16%
median of 132 covered companies
CURRENT VS SECTOR MEDIAN
-44.46%
vs the sector median at left
Canadian Pacific Kansas City Ltd.
Market Cap
$80.10B
Return on Invested Capital (ROIC)
5.09%
TTM Avg
4.89%
3Y Avg
1.62%
5Y Avg
3.59%
Market Cap
$80.93B
Return on Invested Capital (ROIC)
23.39%
TTM Avg
23.17%
3Y Avg
21.34%
5Y Avg
19.82%
Market Cap
$82.40B
Return on Invested Capital (ROIC)
9.21%
TTM Avg
9.50%
3Y Avg
8.62%
5Y Avg
9.59%
Market Cap
$77.17B
Return on Invested Capital (ROIC)
9.22%
TTM Avg
9.07%
3Y Avg
9.79%
5Y Avg
9.60%
Market Cap
$76.80B
Return on Invested Capital (ROIC)
5.95%
TTM Avg
5.97%
3Y Avg
5.83%
5Y Avg
6.14%
Market Cap
$75.81B
Return on Invested Capital (ROIC)
8.90%
TTM Avg
8.82%
3Y Avg
9.96%
5Y Avg
9.68%
Market Cap
$75.40B
Return on Invested Capital (ROIC)
7.47%
TTM Avg
7.37%
3Y Avg
7.63%
5Y Avg
7.86%
Market Cap
$84.98B
Return on Invested Capital (ROIC)
24.49%
TTM Avg
25.84%
3Y Avg
24.99%
5Y Avg
22.94%
Market Cap
$88.52B
Return on Invested Capital (ROIC)
11.41%
TTM Avg
12.55%
3Y Avg
9.89%
5Y Avg
10.37%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian Pacific Kansas City Ltd. (CP) | $80.10B | 5.09% | 4.89% | 1.62% | 3.59% |
| Cintas Corporation (CTAS)vs › | $80.93B | 23.39% | 23.17% | 21.34% | 19.82% |
| Northrop Grumman Corporation (NOC)vs › | $82.40B | 9.21% | 9.50% | 8.62% | 9.59% |
| Honeywell International Inc. (HON)vs › | $77.17B | 9.22% | 9.07% | 9.79% | 9.60% |
| FedEx Corporation (FDX)vs › | $76.80B | 5.95% | 5.97% | 5.83% | 6.14% |
| Canadian National Railway Company (CNI)vs › | $75.81B | 8.90% | 8.82% | 9.96% | 9.68% |
| Norfolk Southern Corporation (NSC)vs › | $75.40B | 7.47% | 7.37% | 7.63% | 7.86% |
| Illinois Tool Works Inc. (ITW)vs › | $84.98B | 24.49% | 25.84% | 24.99% | 22.94% |
| Cummins Inc. (CMI)vs › | $88.52B | 11.41% | 12.55% | 9.89% | 10.37% |
| United Parcel Service, Inc. (UPS)vs › | $88.45B | 10.40% | 11.21% | 13.32% | 13.95% |
ROIC
5.1%
ROE
9.2%
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 | 5.09% |
| 2024-12-31 | 4.70% |
| 2023-12-31 | -7.24% |
| 2022-12-31 | 3.92% |
| 2021-12-31 | 3.78% |
| 2020-12-31 | 11.28% |
| 2019-12-31 | 11.57% |
| 2018-12-31 | 10.66% |
| 2017-12-31 | 12.75% |
| 2016-12-31 | 9.87% |
| 2015-12-31 | 10.18% |
| 2014-12-31 | 10.81% |
| 2013-12-31 | 6.90% |
| 2012-12-31 | 5.33% |
| 2011-12-31 | 6.09% |
| 2010-12-31 | 6.58% |
| 2009-12-31 | 5.25% |
| 2008-12-31 | 5.92% |
| 2007-12-31 | 9.48% |
| 2006-12-31 | 9.57% |
| 2005-12-31 | 13.56% |
| 2004-12-31 | 5.58% |
| 2003-12-31 | 4.89% |
| 2002-12-31 | 8.07% |
| 2001-12-31 | 7.06% |
| 2000-12-31 | 9.00% |
| 1999-12-31 | 2.35% |
| 1998-12-31 | 6.48% |
| 1997-12-31 | 9.21% |
