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 34.54% is 12% above its 5-year average of 30.95%, around the middle of its 5-year range (23.94%–40.58%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.41% above its 12-month average of 30.46%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 34.54%.
RETURN ON INVESTED CAPITAL (ROIC)
34.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
30.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
28.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
30.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
27.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
24.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
22.53%
CURRENT VS TTM AVG
+13.41%
CURRENT VS 3Y AVG
+21.81%
CURRENT VS 5Y AVG
+11.61%
CURRENT VS 10Y AVG
+26.09%
CURRENT VS 15Y AVG
+40.15%
CURRENT VS 20Y AVG
+53.32%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+261.53%
vs the sector median at left
Expeditors International of Washington, Inc.
Market Cap
$25.32B
Return on Invested Capital (ROIC)
34.54%
TTM Avg
30.46%
3Y Avg
28.36%
5Y Avg
30.95%
Market Cap
$25.47B
Return on Invested Capital (ROIC)
9.56%
TTM Avg
9.19%
3Y Avg
10.32%
5Y Avg
10.70%
Market Cap
$25.10B
Return on Invested Capital (ROIC)
6.91%
TTM Avg
6.12%
3Y Avg
6.13%
5Y Avg
5.99%
Market Cap
$25.68B
Return on Invested Capital (ROIC)
12.58%
TTM Avg
11.84%
3Y Avg
10.95%
5Y Avg
1.40%
Market Cap
$25.83B
Return on Invested Capital (ROIC)
11.14%
TTM Avg
8.86%
3Y Avg
10.88%
5Y Avg
11.43%
Market Cap
$26.69B
Return on Invested Capital (ROIC)
2.39%
TTM Avg
-17.25%
3Y Avg
-54.70%
5Y Avg
-76.23%
Market Cap
$26.72B
Return on Invested Capital (ROIC)
40.31%
TTM Avg
37.16%
3Y Avg
39.67%
5Y Avg
34.68%
Market Cap
$23.71B
Return on Invested Capital (ROIC)
10.66%
TTM Avg
6.55%
3Y Avg
6.97%
5Y Avg
6.06%
Market Cap
$23.48B
Return on Invested Capital (ROIC)
14.70%
TTM Avg
16.98%
3Y Avg
19.04%
5Y Avg
19.79%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Expeditors International of Washington, Inc. (EXPD) | $25.32B | 34.54% | 30.46% | 28.36% | 30.95% |
| Dover Corporation (DOV)vs › | $25.47B | 9.56% | 9.19% | 10.32% | 10.70% |
| Xylem Inc. (XYL)vs › | $25.10B | 6.91% | 6.12% | 6.13% | 5.99% |
| ATI Inc. (ATI)vs › | $25.68B | 12.58% | 11.84% | 10.95% | 1.40% |
| J.B. Hunt Transport Services, Inc. (JBHT)vs › | $25.83B | 11.14% | 8.86% | 10.88% | 11.43% |
| Symbotic Inc. (SYM)vs › | $26.69B | 2.39% | -17.25% | -54.70% | -76.23% |
| Otis Worldwide Corporation (OTIS)vs › | $26.72B | 40.31% | 37.16% | 39.67% | 34.68% |
| nVent Electric plc (NVT)vs › | $23.71B | 10.66% | 6.55% | 6.97% | 6.06% |
| Veralto Corporation (VLTO)vs › | $23.48B | 14.70% | 16.98% | 19.04% | 19.79% |
| Hubbell Incorporated (HUBB)vs › | $23.37B | 9.55% | 14.57% | 14.06% | 12.58% |
ROIC
34.5%
ROE
43.4%
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 | 34.54% |
| 2026-03-31 | 29.41% |
| 2025-12-31 | 27.70% |
| 2025-09-30 | 29.86% |
| 2025-06-30 | 30.79% |
| 2025-03-31 | 29.35% |
| 2024-12-31 | 28.72% |
| 2024-09-30 | 24.75% |
| 2024-06-30 | 23.94% |
| 2024-03-31 | 24.25% |
| 2023-12-31 | 24.69% |
| 2023-09-30 | 26.51% |
| 2023-06-30 | 34.17% |
| 2023-03-31 | 34.07% |
| 2022-12-31 | 38.23% |
| 2022-09-30 | 40.58% |
| 2022-06-30 | 38.80% |
| 2022-03-31 | 34.62% |
| 2021-12-31 | 36.24% |
| 2021-09-30 | 30.34% |
| 2021-06-30 | 28.42% |
| 2021-03-31 | 26.20% |
| 2020-12-31 | 22.62% |
| 2020-09-30 | 21.74% |
| 2020-06-30 | 23.29% |
| 2020-03-31 | 23.51% |
| 2019-12-31 | 22.60% |
| 2019-09-30 | 24.24% |
| 2019-06-30 | 25.99% |
| 2019-03-31 | 25.05% |
| 2018-12-31 | 30.35% |
| 2018-09-30 | 30.17% |
| 2018-06-30 | 29.06% |
| 2018-03-31 | 25.77% |
| 2017-12-31 | 23.61% |
| 2017-09-30 | 21.25% |
| 2017-06-30 | 20.38% |
| 2017-03-31 | 21.20% |
| 2016-12-31 | 22.68% |
| 2016-09-30 | 22.53% |
| 2016-06-30 | 24.18% |
| 2016-03-31 | 24.06% |
| 2015-12-31 | 26.41% |
| 2015-09-30 | 23.40% |
| 2015-06-30 | 21.59% |
| 2015-03-31 | 19.97% |
| 2014-12-31 | 19.37% |
| 2014-09-30 | 17.92% |
| 2014-06-30 | 17.40% |
| 2014-03-31 | 16.92% |
| 2013-12-31 | 15.74% |
| 2013-09-30 | 15.04% |
| 2013-06-30 | 15.09% |
| 2013-03-31 | 14.84% |
| 2012-12-31 | 15.21% |
| 2012-09-30 | 15.42% |
| 2012-06-30 | 16.42% |
| 2012-03-31 | 16.54% |
| 2011-12-31 | 18.08% |
| 2011-09-30 | 18.62% |
| 2011-06-30 | 19.07% |
| 2011-03-31 | 18.90% |
| 2010-12-31 | 18.38% |
| 2010-09-30 | 17.15% |
| 2010-06-30 | 15.90% |
| 2010-03-31 | 14.05% |
| 2009-12-31 | 14.22% |
| 2009-09-30 | 15.05% |
| 2009-06-30 | 17.40% |
| 2009-03-31 | 18.95% |
| 2008-12-31 | 20.06% |
| 2008-09-30 | 19.74% |
| 2008-06-30 | 18.95% |
| 2008-03-31 | 18.85% |
| 2007-12-31 | 19.56% |
| 2007-09-30 | 19.63% |
| 2007-06-30 | 19.93% |
| 2007-03-31 | 19.79% |
| 2006-12-31 | 20.01% |
| 2006-09-30 | 22.38% |
| 2006-06-30 | 22.60% |
| 2006-03-31 | 21.11% |
| 2005-12-31 | 20.19% |
| 2005-09-30 | 16.93% |
| 2005-06-30 | 17.58% |
| 2005-03-31 | 17.79% |
| 2004-12-31 | 18.49% |
| 2004-09-30 | 18.71% |
| 2004-06-30 | 18.70% |
| 2004-03-31 | 18.10% |
| 2003-12-31 | 18.29% |
| 2003-09-30 | 19.16% |
| 2003-06-30 | 20.01% |