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 10.58% is 11% above its 5-year average of 9.56%, near the high end of its 5-year range (9.01%–10.58%).
As of the fiscal period ended Wednesday, December 31, 2025. 2.72% above its 12-month average of 10.30%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
10.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
11.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.48%
CURRENT VS TTM AVG
+2.72%
CURRENT VS 3Y AVG
+8.60%
CURRENT VS 5Y AVG
+10.65%
CURRENT VS 10Y AVG
-4.37%
CURRENT VS 15Y AVG
-5.76%
CURRENT VS 20Y AVG
-7.80%
SECTOR MEDIAN · INDUSTRIALS
9.07%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+16.58%
vs the sector median at left
General Dynamics Corporation
Market Cap
$103.74B
Return on Invested Capital (ROIC)
10.58%
TTM Avg
10.30%
3Y Avg
9.74%
5Y Avg
9.56%
Market Cap
$100.57B
Return on Invested Capital (ROIC)
20.26%
TTM Avg
19.73%
3Y Avg
17.71%
5Y Avg
15.16%
Market Cap
$100.14B
Return on Invested Capital (ROIC)
7.07%
TTM Avg
7.53%
3Y Avg
7.36%
5Y Avg
7.14%
Market Cap
$112.93B
Return on Invested Capital (ROIC)
18.19%
TTM Avg
16.84%
3Y Avg
13.44%
5Y Avg
11.63%
Market Cap
$93.36B
Return on Invested Capital (ROIC)
8.40%
TTM Avg
9.30%
3Y Avg
10.17%
5Y Avg
9.93%
Market Cap
$93.00B
Return on Invested Capital (ROIC)
18.55%
TTM Avg
16.59%
3Y Avg
12.18%
5Y Avg
10.40%
Market Cap
$90.91B
Return on Invested Capital (ROIC)
11.53%
TTM Avg
12.46%
3Y Avg
10.54%
5Y Avg
11.94%
Market Cap
$90.56B
Return on Invested Capital (ROIC)
8.88%
TTM Avg
8.59%
3Y Avg
9.20%
5Y Avg
8.88%
Market Cap
$88.54B
Return on Invested Capital (ROIC)
10.40%
TTM Avg
11.21%
3Y Avg
13.32%
5Y Avg
13.95%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| General Dynamics Corporation (GD) | $103.74B | 10.58% | 10.30% | 9.74% | 9.56% |
| Trane Technologies plc (TT)vs › | $100.57B | 20.26% | 19.73% | 17.71% | 15.16% |
| Quanta Services, Inc. (PWR)vs › | $100.14B | 7.07% | 7.53% | 7.36% | 7.14% |
| Howmet Aerospace Inc. (HWM)vs › | $112.93B | 18.19% | 16.84% | 13.44% | 11.63% |
| CSX Corporation (CSX)vs › | $93.36B | 8.40% | 9.30% | 10.17% | 9.93% |
| Vertiv Holdings Co (VRT)vs › | $93.00B | 18.55% | 16.59% | 12.18% | 10.40% |
| 3M Company (MMM)vs › | $90.91B | 11.53% | 12.46% | 10.54% | 11.94% |
| Waste Management, Inc. (WM)vs › | $90.56B | 8.88% | 8.59% | 9.20% | 8.88% |
| United Parcel Service, Inc. (UPS)vs › | $88.54B | 10.40% | 11.21% | 13.32% | 13.95% |
| Cummins Inc. (CMI)vs › | $87.51B | 11.41% | 12.55% | 9.89% | 10.37% |
ROIC
10.6%
ROE
16.7%
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 | 10.58% |
| 2024-12-31 | 10.02% |
| 2023-12-31 | 9.01% |
| 2022-12-31 | 9.36% |
| 2021-12-31 | 9.35% |
| 2020-12-31 | 9.05% |
| 2019-12-31 | 10.61% |
| 2018-12-31 | 11.42% |
| 2017-12-31 | 13.78% |
| 2016-12-31 | 13.11% |
| 2015-12-31 | 15.41% |
| 2014-12-31 | 12.37% |
| 2013-12-31 | 10.93% |
| 2012-12-31 | -2.72% |
| 2011-12-31 | 11.05% |
| 2010-12-31 | 12.35% |
| 2009-12-31 | 11.76% |
| 2008-12-31 | 13.27% |
| 2007-12-31 | 12.32% |
| 2006-12-31 | 12.20% |
| 2005-12-31 | 11.56% |
| 2004-12-31 | 10.76% |
| 2003-12-31 | 9.35% |
| 2002-12-31 | 13.32% |
| 2001-12-31 | 12.78% |
| 2000-12-31 | 17.49% |
| 1999-12-31 | 18.17% |
| 1998-12-31 | 18.86% |
| 1997-12-31 | 18.86% |
| 1996-12-31 | 9.45% |
