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 10.80% is 144% above its 5-year average of 4.42%, near the high end of its 5-year range (-8.51%–10.80%).
As of the fiscal period ended Tuesday, June 30, 2026. 32.98% above its 12-month average of 8.12%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 10.80%.
RETURN ON INVESTED CAPITAL (ROIC)
10.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.70%
CURRENT VS TTM AVG
+32.98%
CURRENT VS 3Y AVG
+83.32%
CURRENT VS 5Y AVG
+144.21%
CURRENT VS 10Y AVG
+202.24%
CURRENT VS 15Y AVG
+245.51%
CURRENT VS 20Y AVG
+129.94%
SECTOR MEDIAN · INDUSTRIALS
8.99%
median of 169 covered companies
CURRENT VS SECTOR MEDIAN
+20.13%
vs the sector median at left
Granite Construction Incorporated
Market Cap
$5.25B
Return on Invested Capital (ROIC)
10.80%
TTM Avg
8.12%
3Y Avg
5.89%
5Y Avg
4.42%
Market Cap
$5.18B
Return on Invested Capital (ROIC)
1.72%
TTM Avg
1.94%
3Y Avg
3.17%
5Y Avg
3.99%
Market Cap
$5.15B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
6.78%
3Y Avg
5.45%
5Y Avg
5.53%
Market Cap
$4.75B
Return on Invested Capital (ROIC)
18.21%
TTM Avg
9.12%
3Y Avg
10.21%
5Y Avg
10.99%
Market Cap
$5.83B
Return on Invested Capital (ROIC)
-9.52%
TTM Avg
-18.84%
3Y Avg
-23.89%
5Y Avg
-23.90%
Market Cap
$5.88B
Return on Invested Capital (ROIC)
14.64%
TTM Avg
16.56%
3Y Avg
19.89%
5Y Avg
22.25%
Market Cap
$4.57B
Return on Invested Capital (ROIC)
4.40%
TTM Avg
5.73%
3Y Avg
5.27%
5Y Avg
5.52%
Market Cap
$4.52B
Return on Invested Capital (ROIC)
5.13%
TTM Avg
6.12%
3Y Avg
5.79%
5Y Avg
5.79%
Market Cap
$4.43B
Return on Invested Capital (ROIC)
4.71%
TTM Avg
3.02%
3Y Avg
2.35%
5Y Avg
2.58%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Granite Construction Incorporated (GVA) | $5.25B | 10.80% | 8.12% | 5.89% | 4.42% |
| Casella Waste Systems, Inc. (CWST)vs › | $5.18B | 1.72% | 1.94% | 3.17% | 3.99% |
| Construction Partners, Inc. (ROAD)vs › | $5.15B | 7.64% | 6.78% | 5.45% | 5.53% |
| MYR Group Inc. (MYRG)vs › | $4.75B | 18.21% | 9.12% | 10.21% | 10.99% |
| Planet Labs PBC (PL)vs › | $5.83B | -9.52% | -18.84% | -23.89% | -23.90% |
| Pool Corporation (POOL)vs › | $5.88B | 14.64% | 16.56% | 19.89% | 22.25% |
| UniFirst Corporation (UNF)vs › | $4.57B | 4.40% | 5.73% | 5.27% | 5.52% |
| Karman Holdings Inc. (KRMN)vs › | $4.52B | 5.13% | 6.12% | 5.79% | 5.79% |
| Amentum Holdings, Inc. (AMTM)vs › | $4.43B | 4.71% | 3.02% | 2.35% | 2.58% |
| KBR, Inc. (KBR)vs › | $4.32B | 10.22% | 9.25% | 9.88% | 7.64% |
ROIC
10.8%
ROE
-21.9%
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 | 10.80% |
| 2026-03-31 | 7.74% |
| 2025-12-31 | 7.00% |
| 2025-09-30 | 6.78% |
| 2025-06-30 | 8.29% |
| 2025-03-31 | 7.67% |
| 2024-12-31 | 7.28% |
| 2024-09-30 | 6.12% |
| 2024-06-30 | 4.98% |
| 2024-03-31 | 2.59% |
| 2023-12-31 | 2.41% |
| 2023-09-30 | 2.44% |
| 2023-06-30 | 2.47% |
| 2023-03-31 | 3.37% |
| 2022-12-31 | 4.21% |
| 2022-09-30 | 2.77% |
| 2022-06-30 | 1.37% |
| 2022-03-31 | 1.52% |
| 2021-12-31 | -1.85% |
| 2021-09-30 | 0.48% |
| 2021-06-30 | -8.51% |
| 2021-03-31 | -11.54% |
| 2020-12-31 | -10.96% |
| 2020-09-30 | -6.76% |
| 2020-06-30 | 2.24% |
| 2020-03-31 | 0.64% |
| 2019-12-31 | 0.57% |
| 2019-09-30 | -2.17% |
| 2019-06-30 | -1.38% |
| 2019-03-31 | -0.10% |
| 2018-12-31 | 2.91% |
| 2018-09-30 | 3.92% |
| 2018-06-30 | 3.38% |
| 2018-03-31 | 7.06% |
| 2017-12-31 | 5.67% |
| 2017-09-30 | 4.65% |
| 2017-06-30 | 4.07% |
| 2017-03-31 | 4.23% |
| 2016-12-31 | 5.27% |
| 2016-09-30 | 6.65% |
| 2016-06-30 | 6.51% |
| 2016-03-31 | 6.05% |
| 2015-12-31 | 6.19% |
| 2015-09-30 | 5.11% |
| 2015-06-30 | 3.69% |
| 2015-03-31 | 4.78% |
| 2014-12-31 | 3.62% |
| 2014-09-30 | -1.64% |
| 2014-06-30 | -2.43% |
| 2014-03-31 | -5.05% |
| 2013-12-31 | -4.88% |
| 2013-09-30 | 0.94% |
| 2013-06-30 | 4.08% |
| 2013-03-31 | 4.51% |
| 2012-12-31 | 4.91% |
| 2012-09-30 | 6.26% |
| 2012-06-30 | 6.46% |
| 2012-03-31 | 6.11% |
| 2011-12-31 | 6.48% |
| 2011-09-30 | -3.50% |
| 2011-06-30 | -6.18% |
| 2011-03-31 | -6.74% |
| 2010-12-31 | -9.63% |
| 2010-09-30 | 3.06% |
| 2010-06-30 | 2.47% |
| 2010-03-31 | 4.38% |
| 2009-12-31 | 8.17% |
| 2009-09-30 | 8.76% |
| 2009-06-30 | 10.56% |
| 2009-03-31 | 11.83% |
| 2008-12-31 | 13.30% |
| 2008-09-30 | 12.26% |
| 2008-06-30 | 12.44% |
| 2008-03-31 | 13.91% |
| 2007-12-31 | 10.78% |
| 2007-09-30 | 8.79% |
| 2007-06-30 | 6.73% |
| 2007-03-31 | 6.36% |
| 2006-12-31 | 6.49% |
| 2006-09-30 | 10.97% |
| 2006-06-30 | 12.93% |
| 2006-03-31 | 11.68% |
| 2005-12-31 | 10.83% |
| 2005-09-30 | 8.07% |
| 2005-06-30 | 7.01% |
| 2005-03-31 | 6.60% |
| 2004-12-31 | 6.44% |
| 2004-09-30 | 6.77% |
| 2004-06-30 | 6.38% |
| 2004-03-31 | 5.73% |
| 2003-12-31 | 6.61% |
| 2003-09-30 | 6.26% |
| 2003-06-30 | 6.25% |
