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 38.80% is 71% above its 5-year average of 22.64%, near the high end of its 5-year range (10.32%–38.80%).
As of the fiscal period ended Tuesday, June 30, 2026. 12.32% above its 12-month average of 34.55%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 38.80%.
RETURN ON INVESTED CAPITAL (ROIC)
38.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
34.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
27.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
22.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
17.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
13.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
12.26%
CURRENT VS TTM AVG
+12.32%
CURRENT VS 3Y AVG
+38.77%
CURRENT VS 5Y AVG
+71.41%
CURRENT VS 10Y AVG
+121.09%
CURRENT VS 15Y AVG
+186.73%
CURRENT VS 20Y AVG
+216.49%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+306.10%
vs the sector median at left
Comfort Systems USA, Inc.
Market Cap
$56.84B
Return on Invested Capital (ROIC)
38.80%
TTM Avg
34.55%
3Y Avg
27.96%
5Y Avg
22.64%
Market Cap
$55.99B
Return on Invested Capital (ROIC)
30.16%
TTM Avg
28.53%
3Y Avg
28.70%
5Y Avg
27.61%
Market Cap
$54.15B
Return on Invested Capital (ROIC)
11.38%
TTM Avg
11.11%
3Y Avg
10.87%
5Y Avg
10.37%
Market Cap
$60.38B
Return on Invested Capital (ROIC)
27.07%
TTM Avg
28.31%
3Y Avg
29.26%
5Y Avg
26.11%
Market Cap
$51.79B
Return on Invested Capital (ROIC)
7.63%
TTM Avg
8.59%
3Y Avg
7.85%
5Y Avg
2.05%
Market Cap
$62.96B
Return on Invested Capital (ROIC)
16.02%
TTM Avg
14.51%
3Y Avg
12.68%
5Y Avg
11.40%
Market Cap
$64.03B
Return on Invested Capital (ROIC)
11.11%
TTM Avg
11.32%
3Y Avg
11.51%
5Y Avg
10.67%
Market Cap
$64.15B
Return on Invested Capital (ROIC)
5.87%
TTM Avg
8.32%
3Y Avg
10.45%
5Y Avg
8.19%
Market Cap
$64.95B
Return on Invested Capital (ROIC)
6.63%
TTM Avg
9.09%
3Y Avg
9.81%
5Y Avg
9.63%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Comfort Systems USA, Inc. (FIX) | $56.84B | 38.80% | 34.55% | 27.96% | 22.64% |
| Fastenal Company (FAST)vs › | $55.99B | 30.16% | 28.53% | 28.70% | 27.61% |
| AMETEK, Inc. (AME)vs › | $54.15B | 11.38% | 11.11% | 10.87% | 10.37% |
| W.W. Grainger, Inc. (GWW)vs › | $60.38B | 27.07% | 28.31% | 29.26% | 26.11% |
| Delta Air Lines, Inc. (DAL)vs › | $51.79B | 7.63% | 8.59% | 7.85% | 2.05% |
| TransDigm Group Incorporated (TDG)vs › | $62.96B | 16.02% | 14.51% | 12.68% | 11.40% |
| United Rentals, Inc. (URI)vs › | $64.03B | 11.11% | 11.32% | 11.51% | 10.67% |
| PACCAR Inc (PCAR)vs › | $64.15B | 5.87% | 8.32% | 10.45% | 8.19% |
| Honeywell International Inc. (HON)vs › | $64.95B | 6.63% | 9.09% | 9.81% | 9.63% |
| Honeywell Aerospace Inc (HONA)vs › | $48.04B | 22.59% | 22.59% | 22.59% | 22.59% |
ROIC
38.8%
ROE
44.6%
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 | 38.80% |
| 2026-03-31 | 37.54% |
| 2025-12-31 | 33.63% |
| 2025-09-30 | 31.64% |
| 2025-06-30 | 31.12% |
| 2025-03-31 | 30.16% |
| 2024-12-31 | 27.52% |
| 2024-09-30 | 25.56% |
| 2024-06-30 | 24.45% |
| 2024-03-31 | 22.13% |
| 2023-12-31 | 21.93% |
| 2023-09-30 | 20.55% |
| 2023-06-30 | 18.48% |
| 2023-03-31 | 16.41% |
| 2022-12-31 | 17.68% |
| 2022-09-30 | 14.80% |
| 2022-06-30 | 13.96% |
| 2022-03-31 | 12.99% |
| 2021-12-31 | 10.32% |
| 2021-09-30 | 11.85% |
| 2021-06-30 | 13.87% |
| 2021-03-31 | 15.46% |
| 2020-12-31 | 14.04% |
| 2020-09-30 | 14.31% |
| 2020-06-30 | 13.77% |
| 2020-03-31 | 11.81% |
| 2019-12-31 | 13.43% |
| 2019-09-30 | 12.83% |
| 2019-06-30 | 12.41% |
| 2019-03-31 | 17.50% |
| 2018-12-31 | 19.05% |
| 2018-09-30 | 14.98% |
| 2018-06-30 | 13.84% |
| 2018-03-31 | 12.27% |
| 2017-12-31 | 10.75% |
| 2017-09-30 | 12.63% |
| 2017-06-30 | 12.25% |
| 2017-03-31 | 15.91% |
| 2016-12-31 | 16.65% |
| 2016-09-30 | 15.76% |
| 2016-06-30 | 15.77% |
| 2016-03-31 | 15.18% |
| 2015-12-31 | 15.08% |
| 2015-09-30 | 14.40% |
| 2015-06-30 | 11.96% |
| 2015-03-31 | 9.35% |
| 2014-12-31 | 8.04% |
| 2014-09-30 | 6.16% |
| 2014-06-30 | 6.37% |
| 2014-03-31 | 7.81% |
| 2013-12-31 | 8.47% |
| 2013-09-30 | 8.19% |
| 2013-06-30 | 6.67% |
| 2013-03-31 | 5.50% |
| 2012-12-31 | 3.85% |
| 2012-09-30 | 2.77% |
| 2012-06-30 | -12.95% |
| 2012-03-31 | -14.40% |
| 2011-12-31 | -15.74% |
| 2011-09-30 | -13.89% |
| 2011-06-30 | 2.47% |
| 2011-03-31 | 2.11% |
| 2010-12-31 | 3.70% |
| 2010-09-30 | 4.45% |
| 2010-06-30 | 6.39% |
| 2010-03-31 | 9.05% |
| 2009-12-31 | 10.66% |
| 2009-09-30 | 12.46% |
| 2009-06-30 | 14.02% |
| 2009-03-31 | 15.75% |
| 2008-12-31 | 16.23% |
| 2008-09-30 | 14.71% |
| 2008-06-30 | 14.43% |
| 2008-03-31 | 13.10% |
| 2007-12-31 | 11.59% |
| 2007-09-30 | 11.29% |
| 2007-06-30 | 10.68% |
| 2007-03-31 | 10.05% |
| 2006-12-31 | 11.31% |
| 2006-09-30 | 2.10% |
| 2006-06-30 | 1.53% |
| 2006-03-31 | 0.91% |
| 2005-12-31 | -1.01% |
| 2005-09-30 | 6.10% |
| 2005-06-30 | 5.05% |
| 2005-03-31 | 4.52% |
| 2004-12-31 | 5.24% |
| 2004-09-30 | 5.20% |
| 2004-06-30 | 5.02% |
| 2004-03-31 | 5.35% |
| 2003-12-31 | 2.71% |
| 2003-09-30 | 1.90% |
| 2003-06-30 | 2.25% |
