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 6.19% is 29% above its 5-year average of 4.79%, near the high end of its 5-year range (2.82%–6.51%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.02% above its 12-month average of 5.95%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 6.19%.
RETURN ON INVESTED CAPITAL (ROIC)
6.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.79%
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
+4.02%
CURRENT VS 3Y AVG
+15.20%
CURRENT VS 5Y AVG
+29.38%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · BASIC MATERIALS
8.91%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
-30.55%
vs the sector median at left
Corteva, Inc.
Market Cap
$53.86B
Return on Invested Capital (ROIC)
6.19%
TTM Avg
5.95%
3Y Avg
5.37%
5Y Avg
4.79%
Market Cap
$52.16B
Return on Invested Capital (ROIC)
31.40%
TTM Avg
16.34%
3Y Avg
10.27%
5Y Avg
10.53%
Market Cap
$56.57B
Return on Invested Capital (ROIC)
10.13%
TTM Avg
7.31%
3Y Avg
10.13%
5Y Avg
15.59%
Market Cap
$57.57B
Return on Invested Capital (ROIC)
8.23%
TTM Avg
8.61%
3Y Avg
8.75%
5Y Avg
7.88%
Market Cap
$60.60B
Return on Invested Capital (ROIC)
8.48%
TTM Avg
11.31%
3Y Avg
13.87%
5Y Avg
16.82%
Market Cap
$63.28B
Return on Invested Capital (ROIC)
-1.61%
TTM Avg
3.81%
3Y Avg
5.62%
5Y Avg
6.30%
Market Cap
$68.58B
Return on Invested Capital (ROIC)
16.61%
TTM Avg
11.24%
3Y Avg
9.32%
5Y Avg
9.68%
Market Cap
$37.01B
Return on Invested Capital (ROIC)
7.19%
TTM Avg
5.54%
3Y Avg
8.96%
5Y Avg
7.89%
Market Cap
$72.50B
Return on Invested Capital (ROIC)
17.08%
TTM Avg
10.16%
3Y Avg
7.31%
5Y Avg
7.34%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Corteva, Inc. (CTVA) | $53.86B | 6.19% | 5.95% | 5.37% | 4.79% |
| AngloGold Ashanti plc (AU)vs › | $52.16B | 31.40% | 16.34% | 10.27% | 10.53% |
| Nucor Corporation (NUE)vs › | $56.57B | 10.13% | 7.31% | 10.13% | 15.59% |
| CRH plc (CRH)vs › | $57.57B | 8.23% | 8.61% | 8.75% | 7.88% |
| Vale S.A. (VALE)vs › | $60.60B | 8.48% | 11.31% | 13.87% | 16.82% |
| Air Products and Chemicals, Inc. (APD)vs › | $63.28B | -1.61% | 3.81% | 5.62% | 6.30% |
| Wheaton Precious Metals Corp. (WPM)vs › | $68.58B | 16.61% | 11.24% | 9.32% | 9.68% |
| Nutrien Ltd. (NTR)vs › | $37.01B | 7.19% | 5.54% | 8.96% | 7.89% |
| Barrick Mining Corporation (B)vs › | $72.50B | 17.08% | 10.16% | 7.31% | 7.34% |
| Steel Dynamics, Inc. (STLD)vs › | $33.72B | 10.79% | 9.84% | 17.63% | 18.48% |
ROIC
6.2%
ROE
4.0%
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 | 6.19% |
| 2026-03-31 | 6.51% |
| 2025-12-31 | 5.94% |
| 2025-09-30 | 5.78% |
| 2025-06-30 | 5.34% |
| 2025-03-31 | 5.11% |
| 2024-12-31 | 4.70% |
| 2024-09-30 | 4.50% |
| 2024-06-30 | 5.34% |
| 2024-03-31 | 4.97% |
| 2023-12-31 | 5.54% |
| 2023-09-30 | 5.10% |
| 2023-06-30 | 4.85% |
| 2023-03-31 | 4.86% |
| 2022-12-31 | 5.15% |
| 2022-09-30 | 4.14% |
| 2022-06-30 | 4.01% |
| 2022-03-31 | 3.38% |
| 2021-12-31 | 3.12% |
| 2021-09-30 | 3.15% |
| 2021-06-30 | 2.82% |
| 2021-03-31 | 2.64% |
| 2020-12-31 | 2.47% |
| 2020-09-30 | 2.15% |
| 2020-06-30 | 2.15% |
| 2020-03-31 | 1.62% |
| 2019-12-31 | 1.71% |
| 2019-09-30 | 3.12% |
| 2019-06-30 | 5.45% |
| 2019-03-31 | 1.58% |
| 2018-12-31 | 1.70% |
| 2018-09-30 | 0.24% |
| 2018-06-30 | 0.22% |
| 2017-12-31 | 1.18% |
