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 23.22% is 117% above its 5-year average of 10.72%, near the high end of its 5-year range (-43.02%–25.61%).
As of the fiscal period ended Wednesday, December 31, 2025. 4.89% below its 12-month average of 24.41%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
23.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
24.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
22.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
10.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
13.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
16.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
14.81%
CURRENT VS TTM AVG
-4.89%
CURRENT VS 3Y AVG
+1.24%
CURRENT VS 5Y AVG
+116.60%
CURRENT VS 10Y AVG
+72.51%
CURRENT VS 15Y AVG
+39.60%
CURRENT VS 20Y AVG
+56.74%
SECTOR MEDIAN · FINANCIAL SERVICES
6.75%
median of 83 covered companies
CURRENT VS SECTOR MEDIAN
+244.00%
vs the sector median at left
Erie Indemnity Company
Market Cap
$11.82B
Return on Invested Capital (ROIC)
23.22%
TTM Avg
24.41%
3Y Avg
22.93%
5Y Avg
10.72%
Market Cap
$12.10B
Return on Invested Capital (ROIC)
9.67%
TTM Avg
6.81%
3Y Avg
5.40%
5Y Avg
4.47%
Market Cap
$10.42B
Return on Invested Capital (ROIC)
4.00%
TTM Avg
-19.18%
3Y Avg
-22.78%
5Y Avg
-18.63%
Market Cap
$10.21B
Return on Invested Capital (ROIC)
16.24%
TTM Avg
16.27%
3Y Avg
14.68%
5Y Avg
16.75%
Market Cap
$13.93B
Return on Invested Capital (ROIC)
7.04%
TTM Avg
6.96%
3Y Avg
5.78%
5Y Avg
4.68%
Market Cap
$14.04B
Return on Invested Capital (ROIC)
4.05%
TTM Avg
3.97%
3Y Avg
3.79%
5Y Avg
51.00%
Market Cap
$9.34B
Return on Invested Capital (ROIC)
-10.17%
TTM Avg
6.92%
3Y Avg
-0.58%
5Y Avg
-4.72%
Market Cap
$14.34B
Return on Invested Capital (ROIC)
-1.18%
TTM Avg
0.60%
3Y Avg
0.88%
5Y Avg
1.79%
Market Cap
$14.49B
Return on Invested Capital (ROIC)
8.05%
TTM Avg
7.79%
3Y Avg
8.21%
5Y Avg
13.34%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Erie Indemnity Company (ERIE) | $11.82B | 23.22% | 24.41% | 22.93% | 10.72% |
| American Financial Group, Inc. (AFG)vs › | $12.10B | 9.67% | 6.81% | 5.40% | 4.47% |
| Bitmine Immersion Technologies, Inc. (BMNR)vs › | $10.42B | 4.00% | -19.18% | -22.78% | -18.63% |
| FactSet Research Systems Inc. (FDS)vs › | $10.21B | 16.24% | 16.27% | 14.68% | 16.75% |
| Assurant, Inc. (AIZ)vs › | $13.93B | 7.04% | 6.96% | 5.78% | 4.68% |
| Globe Life Inc. (GL)vs › | $14.04B | 4.05% | 3.97% | 3.79% | 51.00% |
| Hut 8 Corp. (HUT)vs › | $9.34B | -10.17% | 6.92% | -0.58% | -4.72% |
| Invesco Ltd. (IVZ)vs › | $14.34B | -1.18% | 0.60% | 0.88% | 1.79% |
| Everest Group, Ltd. (EG)vs › | $14.49B | 8.05% | 7.79% | 8.21% | 13.34% |
| Kinsale Capital Group, Inc. (KNSL)vs › | $8.59B | 22.98% | 23.88% | 22.14% | 52.74% |
ROIC
23.2%
ROE
23.4%
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 | 23.22% |
| 2024-12-31 | 25.61% |
| 2023-12-31 | 23.42% |
| 2022-12-31 | 19.49% |
| 2021-12-31 | 15.60% |
| 2020-12-31 | -43.02% |
| 2019-12-31 | 19.79% |
| 2018-12-31 | 20.42% |
| 2017-12-31 | 12.75% |
| 2016-12-31 | 14.91% |
| 2015-12-31 | 15.87% |
| 2014-12-31 | 99.57% |
| 2013-12-31 | 226.57% |
| 2012-12-31 | 4.25% |
| 2011-12-31 | 131.37% |
| 2010-12-31 | 4.27% |
| 2009-12-31 | 15.95% |
| 2008-12-31 | -20.95% |
| 2007-12-31 | 6.23% |
| 2006-12-31 | 7.24% |
| 2005-12-31 | 8.01% |
| 2004-12-31 | 8.12% |
| 2003-12-31 | 7.12% |
| 2002-12-31 | 5.43% |
| 2001-12-31 | 5.58% |
| 2000-12-31 | 5.17% |
| 1999-12-31 | 7.98% |
| 1998-12-31 | 7.38% |
| 1997-12-31 | 7.53% |
| 1996-12-31 | 9.14% |
