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 18.02% is 120% above its 5-year average of 8.21%, near the high end of its 5-year range (-14.37%–18.02%).
As of the fiscal period ended Tuesday, June 30, 2026. 102.04% above its 12-month average of 8.92%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-06-30): 18.02%.
RETURN ON INVESTED CAPITAL (ROIC)
18.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.22%
CURRENT VS TTM AVG
+102.04%
CURRENT VS 3Y AVG
+69.48%
CURRENT VS 5Y AVG
+119.53%
CURRENT VS 10Y AVG
+252.40%
CURRENT VS 15Y AVG
+285.86%
CURRENT VS 20Y AVG
+327.36%
SECTOR MEDIAN · BASIC MATERIALS
8.91%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
+102.08%
vs the sector median at left
Griffon Corporation
Market Cap
$4.30B
Return on Invested Capital (ROIC)
18.02%
TTM Avg
8.92%
3Y Avg
10.63%
5Y Avg
8.21%
Market Cap
$3.86B
Return on Invested Capital (ROIC)
13.10%
TTM Avg
6.05%
3Y Avg
5.91%
5Y Avg
8.76%
Market Cap
$3.34B
Return on Invested Capital (ROIC)
16.98%
TTM Avg
18.90%
3Y Avg
16.60%
5Y Avg
14.82%
Market Cap
$2.88B
Return on Invested Capital (ROIC)
11.37%
TTM Avg
2.11%
3Y Avg
2.25%
5Y Avg
2.22%
Market Cap
$2.57B
Return on Invested Capital (ROIC)
22.75%
TTM Avg
22.77%
3Y Avg
21.03%
5Y Avg
20.92%
Market Cap
$6.48B
Return on Invested Capital (ROIC)
3.18%
TTM Avg
10.45%
3Y Avg
18.39%
5Y Avg
18.04%
Market Cap
$2.10B
Return on Invested Capital (ROIC)
-0.28%
TTM Avg
8.39%
3Y Avg
7.69%
5Y Avg
7.19%
Market Cap
$7.13B
Return on Invested Capital (ROIC)
5.81%
TTM Avg
4.97%
3Y Avg
5.93%
5Y Avg
5.31%
Market Cap
$1.07B
Return on Invested Capital (ROIC)
12.29%
TTM Avg
6.91%
3Y Avg
4.54%
5Y Avg
1.50%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Griffon Corporation (GFF) | $4.30B | 18.02% | 8.92% | 10.63% | 8.21% |
| Aris Mining Corporation (ARIS)vs › | $3.86B | 13.10% | 6.05% | 5.91% | 8.76% |
| United States Lime & Minerals, Inc. (USLM)vs › | $3.34B | 16.98% | 18.90% | 16.60% | 14.82% |
| Endeavour Silver Corp. (EXK)vs › | $2.88B | 11.37% | 2.11% | 2.25% | 2.22% |
| WD-40 Company (WDFC)vs › | $2.57B | 22.75% | 22.77% | 21.03% | 20.92% |
| Builders FirstSource, Inc. (BLDR)vs › | $6.48B | 3.18% | 10.45% | 18.39% | 18.04% |
| Minerals Technologies Inc. (MTX)vs › | $2.10B | -0.28% | 8.39% | 7.69% | 7.19% |
| Arcosa, Inc. (ACA)vs › | $7.13B | 5.81% | 4.97% | 5.93% | 5.31% |
| Avino Silver & Gold Mines Ltd. (ASM)vs › | $1.07B | 12.29% | 6.91% | 4.54% | 1.50% |
| Lightwave Logic, Inc. (LWLG)vs › | $738.04M | -22.76% | -45.10% | -51.52% | -62.49% |
ROIC
18.0%
ROE
156.1%
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 | 18.02% |
| 2026-03-31 | 6.53% |
| 2025-12-31 | 6.55% |
| 2025-09-30 | 6.53% |
| 2025-06-30 | 6.96% |
| 2025-03-31 | 14.63% |
| 2024-12-31 | 15.41% |
| 2024-09-30 | 13.88% |
| 2024-06-30 | 13.02% |
| 2024-03-31 | 12.75% |
| 2023-12-31 | 6.73% |
| 2023-09-30 | 6.55% |
| 2023-06-30 | -14.37% |
| 2023-03-31 | -13.73% |
| 2022-12-31 | -6.11% |
| 2022-09-30 | -7.86% |
| 2022-06-30 | 6.54% |
| 2022-03-31 | 4.43% |
| 2021-12-31 | 4.59% |
| 2021-09-30 | 5.05% |
| 2021-06-30 | 5.67% |
| 2021-03-31 | 6.15% |
| 2020-12-31 | 5.67% |
| 2020-09-30 | 4.96% |
| 2020-06-30 | 4.88% |
| 2020-03-31 | 4.35% |
| 2019-12-31 | 4.64% |
| 2019-09-30 | 5.04% |
| 2019-06-30 | 4.09% |
| 2019-03-31 | 3.65% |
| 2018-12-31 | 3.54% |
| 2018-09-30 | 5.56% |
| 2018-06-30 | 4.37% |
| 2018-03-31 | 4.51% |
| 2017-12-31 | 4.51% |
| 2017-09-30 | 4.92% |
| 2017-06-30 | 4.54% |
| 2017-03-31 | 4.27% |
| 2016-12-31 | 4.51% |
| 2016-09-30 | 3.93% |
| 2016-06-30 | 4.25% |
| 2016-03-31 | 4.39% |
| 2015-12-31 | 4.43% |
| 2015-09-30 | 4.53% |
| 2015-06-30 | 4.54% |
| 2015-03-31 | 5.05% |
| 2014-12-31 | 5.81% |
| 2014-09-30 | 5.22% |
| 2014-06-30 | 5.02% |
| 2014-03-31 | 5.02% |
| 2013-12-31 | 2.44% |
| 2013-09-30 | 2.32% |
| 2013-06-30 | 3.62% |
| 2013-03-31 | 4.09% |
| 2012-12-31 | 3.58% |
| 2012-09-30 | 3.62% |
| 2012-06-30 | 2.89% |
| 2012-03-31 | 2.92% |
| 2011-12-31 | 4.31% |
| 2011-09-30 | 3.53% |
| 2011-06-30 | 2.30% |
| 2011-03-31 | 2.09% |
| 2010-12-31 | 0.94% |
| 2010-09-30 | 1.09% |
| 2010-06-30 | 3.35% |
| 2010-03-31 | 3.08% |
| 2009-12-31 | 2.65% |
| 2009-09-30 | 2.23% |
| 2009-06-30 | 0.55% |
| 2009-03-31 | 0.77% |
| 2008-12-31 | 0.12% |
| 2008-09-30 | -1.30% |
| 2008-06-30 | -0.21% |
| 2008-03-31 | -0.23% |
| 2007-12-31 | 1.14% |
| 2007-09-30 | 3.55% |
| 2007-06-30 | 4.65% |
| 2007-03-31 | 6.67% |
| 2006-12-31 | 7.72% |
| 2006-09-30 | 8.00% |
| 2006-06-30 | 8.84% |
| 2006-03-31 | 8.14% |
| 2005-12-31 | 8.09% |
| 2005-09-30 | 8.40% |
| 2005-06-30 | 9.40% |
| 2005-03-31 | 10.52% |
| 2004-12-31 | 11.68% |
| 2004-09-30 | 12.66% |
| 2004-06-30 | 13.81% |
| 2004-03-31 | 13.21% |
| 2003-12-31 | 12.06% |
| 2003-09-30 | 11.46% |
| 2003-06-30 | 9.46% |