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 5.95% is in line with its 5-year average of 6.14%, around the middle of its 5-year range (5.20%–6.87%).
As of the fiscal period ended Sunday, May 31, 2026. 0.42% below its 12-month average of 5.97%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
5.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.29%
CURRENT VS TTM AVG
-0.42%
CURRENT VS 3Y AVG
+1.97%
CURRENT VS 5Y AVG
-3.02%
CURRENT VS 10Y AVG
-12.95%
CURRENT VS 15Y AVG
-9.91%
CURRENT VS 20Y AVG
-18.43%
SECTOR MEDIAN · INDUSTRIALS
9.21%
median of 131 covered companies
CURRENT VS SECTOR MEDIAN
-35.40%
vs the sector median at left
FedEx Corporation
Market Cap
$75.37B
Return on Invested Capital (ROIC)
5.95%
TTM Avg
5.97%
3Y Avg
5.83%
5Y Avg
6.14%
Market Cap
$75.10B
Return on Invested Capital (ROIC)
7.47%
TTM Avg
7.37%
3Y Avg
7.63%
5Y Avg
7.86%
Market Cap
$76.58B
Return on Invested Capital (ROIC)
8.90%
TTM Avg
8.82%
3Y Avg
9.96%
5Y Avg
9.68%
Market Cap
$78.03B
Return on Invested Capital (ROIC)
9.22%
TTM Avg
9.07%
3Y Avg
9.79%
5Y Avg
9.60%
Market Cap
$72.38B
Return on Invested Capital (ROIC)
10.75%
TTM Avg
11.25%
3Y Avg
11.45%
5Y Avg
10.59%
Market Cap
$80.54B
Return on Invested Capital (ROIC)
5.09%
TTM Avg
4.89%
3Y Avg
1.62%
5Y Avg
3.59%
Market Cap
$70.06B
Return on Invested Capital (ROIC)
6.15%
TTM Avg
8.32%
3Y Avg
10.45%
5Y Avg
8.19%
Market Cap
$81.20B
Return on Invested Capital (ROIC)
9.21%
TTM Avg
9.50%
3Y Avg
8.62%
5Y Avg
9.59%
Market Cap
$81.25B
Return on Invested Capital (ROIC)
23.39%
TTM Avg
23.17%
3Y Avg
21.34%
5Y Avg
19.82%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| FedEx Corporation (FDX) | $75.37B | 5.95% | 5.97% | 5.83% | 6.14% |
| Norfolk Southern Corporation (NSC)vs › | $75.10B | 7.47% | 7.37% | 7.63% | 7.86% |
| Canadian National Railway Company (CNI)vs › | $76.58B | 8.90% | 8.82% | 9.96% | 9.68% |
| Honeywell International Inc. (HON)vs › | $78.03B | 9.22% | 9.07% | 9.79% | 9.60% |
| United Rentals, Inc. (URI)vs › | $72.38B | 10.75% | 11.25% | 11.45% | 10.59% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $80.54B | 5.09% | 4.89% | 1.62% | 3.59% |
| PACCAR Inc (PCAR)vs › | $70.06B | 6.15% | 8.32% | 10.45% | 8.19% |
| Northrop Grumman Corporation (NOC)vs › | $81.20B | 9.21% | 9.50% | 8.62% | 9.59% |
| Cintas Corporation (CTAS)vs › | $81.25B | 23.39% | 23.17% | 21.34% | 19.82% |
| TransDigm Group Incorporated (TDG)vs › | $68.53B | 15.22% | 14.50% | 12.67% | 11.39% |
ROIC
6.0%
ROE
14.0%
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) |
|---|---|
| 2026-05-31 | 5.95% |
| 2025-05-31 | 6.00% |
| 2024-05-31 | 6.19% |
| 2023-05-31 | 5.20% |
| 2022-05-31 | 6.87% |
| 2021-05-31 | 6.60% |
| 2020-05-31 | 3.37% |
| 2019-05-31 | 8.51% |
| 2018-05-31 | 11.64% |
| 2017-05-31 | 8.73% |
| 2016-05-31 | 6.13% |
| 2015-05-31 | 4.85% |
| 2014-05-31 | 7.91% |
| 2013-05-31 | 7.27% |
| 2012-05-31 | 8.47% |
| 2011-05-31 | 7.02% |
| 2010-05-31 | 6.14% |
| 2009-05-31 | 1.39% |
| 2008-05-31 | 7.95% |
| 2007-05-31 | 10.69% |
| 2006-05-31 | 10.39% |
| 2005-05-31 | 9.65% |
| 2004-05-31 | 6.07% |
| 2003-05-31 | 7.38% |
| 2002-05-31 | 7.53% |
| 2001-05-31 | 6.54% |
| 2000-05-31 | 8.55% |
| 1999-05-31 | 8.78% |
| 1998-05-31 | 7.84% |
| 1997-05-31 | -19.66% |
