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 23.53% is 16% above its 5-year average of 20.29%, near the high end of its 5-year range (15.89%–23.53%).
As of the fiscal period ended Sunday, May 31, 2026. 1.46% above its 12-month average of 23.20%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q4 FY2026 (2026-05-31): 23.53%.
RETURN ON INVESTED CAPITAL (ROIC)
23.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
23.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
21.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
20.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
16.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
14.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
13.31%
CURRENT VS TTM AVG
+1.46%
CURRENT VS 3Y AVG
+8.35%
CURRENT VS 5Y AVG
+16.00%
CURRENT VS 10Y AVG
+39.07%
CURRENT VS 15Y AVG
+60.94%
CURRENT VS 20Y AVG
+76.80%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+146.31%
vs the sector median at left
Cintas Corporation
Market Cap
$79.82B
Return on Invested Capital (ROIC)
23.53%
TTM Avg
23.20%
3Y Avg
21.72%
5Y Avg
20.29%
Market Cap
$79.53B
Return on Invested Capital (ROIC)
7.65%
TTM Avg
1.50%
3Y Avg
-6.50%
5Y Avg
-6.96%
Market Cap
$81.70B
Return on Invested Capital (ROIC)
7.93%
TTM Avg
6.36%
3Y Avg
6.09%
5Y Avg
7.57%
Market Cap
$77.08B
Return on Invested Capital (ROIC)
5.02%
TTM Avg
4.89%
3Y Avg
4.83%
5Y Avg
5.73%
Market Cap
$76.91B
Return on Invested Capital (ROIC)
24.71%
TTM Avg
25.90%
3Y Avg
25.08%
5Y Avg
23.03%
Market Cap
$83.91B
Return on Invested Capital (ROIC)
8.99%
TTM Avg
11.29%
3Y Avg
13.45%
5Y Avg
14.09%
Market Cap
$83.92B
Return on Invested Capital (ROIC)
14.64%
TTM Avg
12.53%
3Y Avg
11.28%
5Y Avg
12.46%
Market Cap
$75.40B
Return on Invested Capital (ROIC)
9.97%
TTM Avg
9.50%
3Y Avg
8.59%
5Y Avg
9.56%
Market Cap
$85.54B
Return on Invested Capital (ROIC)
9.01%
TTM Avg
8.59%
3Y Avg
9.20%
5Y Avg
8.88%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cintas Corporation (CTAS) | $79.82B | 23.53% | 23.20% | 21.72% | 20.29% |
| Bloom Energy Corporation (BE)vs › | $79.53B | 7.65% | 1.50% | -6.50% | -6.96% |
| Emerson Electric Co. (EMR)vs › | $81.70B | 7.93% | 6.36% | 6.09% | 7.57% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $77.08B | 5.02% | 4.89% | 4.83% | 5.73% |
| Illinois Tool Works Inc. (ITW)vs › | $76.91B | 24.71% | 25.90% | 25.08% | 23.03% |
| United Parcel Service, Inc. (UPS)vs › | $83.91B | 8.99% | 11.29% | 13.45% | 14.09% |
| 3M Company (MMM)vs › | $83.92B | 14.64% | 12.53% | 11.28% | 12.46% |
| Northrop Grumman Corporation (NOC)vs › | $75.40B | 9.97% | 9.50% | 8.59% | 9.56% |
| Waste Management, Inc. (WM)vs › | $85.54B | 9.01% | 8.59% | 9.20% | 8.88% |
| Cummins Inc. (CMI)vs › | $72.79B | 10.95% | 12.63% | 10.01% | 10.48% |
ROIC
23.5%
ROE
38.9%
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) |
|---|---|
| 2026-05-31 | 23.53% |
| 2026-02-28 | 23.31% |
| 2025-11-30 | 22.93% |
| 2025-08-31 | 23.12% |
| 2025-05-31 | 23.09% |
| 2025-02-28 | 22.83% |
| 2024-11-30 | 22.39% |
| 2024-08-31 | 22.28% |
| 2024-05-31 | 20.33% |
| 2024-02-29 | 20.54% |
| 2023-11-30 | 19.74% |
| 2023-08-31 | 19.40% |
| 2023-05-31 | 18.89% |
| 2023-02-28 | 18.86% |
| 2022-11-30 | 18.71% |
| 2022-08-31 | 18.60% |
| 2022-05-31 | 17.91% |
| 2022-02-28 | 18.20% |
| 2021-11-30 | 17.68% |
| 2021-08-31 | 17.82% |
| 2021-05-31 | 15.89% |
| 2021-02-28 | 14.66% |
| 2020-11-30 | 14.59% |
| 2020-08-31 | 14.04% |
| 2020-05-31 | 13.57% |
| 2020-02-29 | 14.83% |
| 2019-11-30 | 14.88% |
| 2019-08-31 | 13.79% |
| 2019-05-31 | 13.31% |
| 2019-02-28 | 13.07% |
| 2018-11-30 | 14.98% |
| 2018-08-31 | 14.14% |
| 2018-05-31 | 14.01% |
| 2018-02-28 | 12.85% |
| 2017-11-30 | 9.46% |
| 2017-08-31 | 9.06% |
| 2017-05-31 | 8.29% |
| 2017-02-28 | 14.37% |
| 2016-11-30 | 15.17% |
| 2016-08-31 | 14.62% |
| 2016-05-31 | 14.06% |
| 2016-02-29 | 13.27% |
| 2015-11-30 | 12.98% |
| 2015-08-31 | 13.22% |
| 2015-05-31 | 12.25% |
| 2015-02-28 | 10.78% |
| 2014-11-30 | 9.93% |
| 2014-08-31 | 9.28% |
| 2014-05-31 | 9.11% |
| 2014-02-28 | 9.73% |
| 2013-11-30 | 9.71% |
| 2013-08-31 | 9.40% |
| 2013-05-31 | 9.39% |
| 2013-02-28 | 9.41% |
| 2012-11-30 | 9.60% |
| 2012-08-31 | 9.26% |
| 2012-05-31 | 9.18% |
| 2012-02-29 | 8.59% |
| 2011-11-30 | 8.31% |
| 2011-08-31 | 7.68% |
| 2011-05-31 | 7.07% |
| 2011-02-28 | 7.31% |
| 2010-11-30 | 7.27% |
| 2010-08-31 | 7.17% |
| 2010-05-31 | 6.83% |
| 2010-02-28 | 5.49% |
| 2009-11-30 | 6.12% |
| 2009-08-31 | 6.67% |
| 2009-05-31 | 7.52% |
| 2009-02-28 | 10.23% |
| 2008-11-30 | 10.23% |
| 2008-08-31 | 10.42% |
| 2008-05-31 | 10.60% |
| 2008-02-29 | 10.84% |
| 2007-11-30 | 10.75% |
| 2007-08-31 | 10.65% |
| 2007-05-31 | 11.41% |
| 2007-02-28 | 11.82% |
| 2006-11-30 | 11.95% |
| 2006-08-31 | 11.60% |
| 2006-05-31 | 11.36% |
| 2006-02-28 | 11.20% |
| 2005-11-30 | 11.74% |
| 2005-08-31 | 11.62% |
| 2005-05-31 | 11.49% |
| 2005-02-28 | 11.27% |
| 2004-11-30 | 11.19% |
| 2004-08-31 | 11.43% |
| 2004-05-31 | 11.59% |
| 2004-02-29 | 11.62% |
| 2003-11-30 | 11.53% |
| 2003-08-31 | 11.46% |
| 2003-05-31 | 11.57% |
