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 14.80% is 24% above its 5-year average of 11.97%, near the high end of its 5-year range (8.86%–15.07%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.54% above its 12-month average of 14.16%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
14.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
14.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
13.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.63%
CURRENT VS TTM AVG
+4.54%
CURRENT VS 3Y AVG
+9.01%
CURRENT VS 5Y AVG
+23.64%
CURRENT VS 10Y AVG
+35.97%
CURRENT VS 15Y AVG
+36.58%
CURRENT VS 20Y AVG
+53.70%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+54.94%
vs the sector median at left
Federal Signal Corporation
Market Cap
$7.07B
Return on Invested Capital (ROIC)
14.80%
TTM Avg
14.16%
3Y Avg
13.58%
5Y Avg
11.97%
Market Cap
$7.18B
Return on Invested Capital (ROIC)
-5.89%
TTM Avg
-0.83%
3Y Avg
-4.73%
5Y Avg
-2.51%
Market Cap
$6.71B
Return on Invested Capital (ROIC)
10.16%
TTM Avg
9.94%
3Y Avg
13.30%
5Y Avg
14.90%
Market Cap
$6.68B
Return on Invested Capital (ROIC)
14.64%
TTM Avg
16.56%
3Y Avg
19.89%
5Y Avg
22.25%
Market Cap
$6.57B
Return on Invested Capital (ROIC)
13.39%
TTM Avg
12.63%
3Y Avg
11.22%
5Y Avg
9.49%
Market Cap
$6.55B
Return on Invested Capital (ROIC)
12.36%
TTM Avg
13.01%
3Y Avg
14.71%
5Y Avg
14.23%
Market Cap
$6.42B
Return on Invested Capital (ROIC)
22.63%
TTM Avg
26.38%
3Y Avg
17.25%
5Y Avg
12.41%
Market Cap
$6.30B
Return on Invested Capital (ROIC)
11.51%
TTM Avg
13.06%
3Y Avg
15.91%
5Y Avg
15.72%
Market Cap
$8.08B
Return on Invested Capital (ROIC)
-8.15%
TTM Avg
0.87%
3Y Avg
1.73%
5Y Avg
-0.04%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Federal Signal Corporation (FSS) | $7.07B | 14.80% | 14.16% | 13.58% | 11.97% |
| AeroVironment, Inc. (AVAV)vs › | $7.18B | -5.89% | -0.83% | -4.73% | -2.51% |
| Matson, Inc. (MATX)vs › | $6.71B | 10.16% | 9.94% | 13.30% | 14.90% |
| Pool Corporation (POOL)vs › | $6.68B | 14.64% | 16.56% | 19.89% | 22.25% |
| EnerSys (ENS)vs › | $6.57B | 13.39% | 12.63% | 11.22% | 9.49% |
| MSC Industrial Direct Co., Inc. (MSM)vs › | $6.55B | 12.36% | 13.01% | 14.71% | 14.23% |
| Powell Industries, Inc. (POWL)vs › | $6.42B | 22.63% | 26.38% | 17.25% | 12.41% |
| AAON, Inc. (AAON)vs › | $6.30B | 11.51% | 13.06% | 15.91% | 15.72% |
| Fluor Corporation (FLR)vs › | $8.08B | -8.15% | 0.87% | 1.73% | -0.04% |
| Planet Labs PBC (PL)vs › | $6.06B | -11.30% | -18.84% | -23.89% | -23.90% |
ROIC
14.8%
ROE
18.9%
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 | 14.80% |
| 2026-03-31 | 13.91% |
| 2025-12-31 | 12.85% |
| 2025-09-30 | 15.03% |
| 2025-06-30 | 14.22% |
| 2025-03-31 | 13.98% |
| 2024-12-31 | 15.07% |
| 2024-09-30 | 14.88% |
| 2024-06-30 | 14.55% |
| 2024-03-31 | 13.72% |
| 2023-12-31 | 12.18% |
| 2023-09-30 | 11.16% |
| 2023-06-30 | 10.20% |
| 2023-03-31 | 10.01% |
| 2022-12-31 | 9.54% |
| 2022-09-30 | 9.24% |
| 2022-06-30 | 9.05% |
| 2022-03-31 | 8.86% |
| 2021-12-31 | 9.35% |
| 2021-09-30 | 9.43% |
| 2021-06-30 | 9.42% |
| 2021-03-31 | 9.04% |
| 2020-12-31 | 9.56% |
| 2020-09-30 | 10.00% |
| 2020-06-30 | 10.53% |
| 2020-03-31 | 11.36% |
| 2019-12-31 | 11.45% |
| 2019-09-30 | 11.70% |
| 2019-06-30 | 11.97% |
| 2019-03-31 | 11.65% |
| 2018-12-31 | 11.79% |
| 2018-09-30 | 11.80% |
| 2018-06-30 | 10.58% |
| 2018-03-31 | 8.52% |
| 2017-12-31 | 7.64% |
| 2017-09-30 | 5.33% |
| 2017-06-30 | 4.62% |
| 2017-03-31 | 6.61% |
| 2016-12-31 | 7.17% |
| 2016-09-30 | 7.90% |
| 2016-06-30 | 9.47% |
| 2016-03-31 | 12.56% |
| 2015-12-31 | 12.25% |
| 2015-09-30 | 13.99% |
| 2015-06-30 | 14.03% |
| 2015-03-31 | 14.24% |
| 2014-12-31 | 12.72% |
| 2014-09-30 | 13.72% |
| 2014-06-30 | 13.97% |
| 2014-03-31 | 13.64% |
| 2013-12-31 | 13.60% |
| 2013-09-30 | 11.61% |
| 2013-06-30 | 10.51% |
| 2013-03-31 | 9.56% |
| 2012-12-31 | 9.19% |
| 2012-09-30 | 5.77% |
| 2012-06-30 | 4.14% |
| 2012-03-31 | 3.05% |
| 2011-12-31 | 1.13% |
| 2011-09-30 | -11.49% |
| 2011-06-30 | -11.78% |
| 2011-03-31 | -13.09% |
| 2010-12-31 | -14.63% |
| 2010-09-30 | 2.09% |
| 2010-06-30 | 2.40% |
| 2010-03-31 | 2.77% |
| 2009-12-31 | 3.86% |
| 2009-09-30 | 5.09% |
| 2009-06-30 | 5.86% |
| 2009-03-31 | 7.07% |
| 2008-12-31 | 8.41% |
| 2008-09-30 | 9.05% |
| 2008-06-30 | 6.69% |
| 2008-03-31 | 6.49% |
| 2007-12-31 | 6.14% |
| 2007-09-30 | 6.35% |
| 2007-06-30 | 7.73% |
| 2007-03-31 | 7.34% |
| 2006-12-31 | 6.21% |
| 2006-09-30 | 8.78% |
| 2006-06-30 | 9.56% |
| 2006-03-31 | 10.55% |
| 2005-12-31 | 10.57% |
| 2005-10-01 | 3.85% |
| 2005-07-02 | 1.21% |
| 2005-03-31 | -0.16% |
| 2004-12-31 | -0.66% |
| 2004-10-02 | 2.88% |
| 2004-07-03 | 3.96% |
| 2004-03-31 | 5.08% |
| 2003-12-31 | 5.56% |
| 2003-09-30 | 5.77% |
| 2003-06-30 | 6.07% |