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 11.05% is 10% above its 5-year average of 10.04%, near the high end of its 5-year range (7.89%–11.05%).
As of the fiscal period ended Friday, October 31, 2025. 5.49% above its 12-month average of 10.48%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
11.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
10.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
10.18%
CURRENT VS TTM AVG
+5.49%
CURRENT VS 3Y AVG
+12.30%
CURRENT VS 5Y AVG
+10.02%
CURRENT VS 10Y AVG
+4.25%
CURRENT VS 15Y AVG
+8.90%
CURRENT VS 20Y AVG
+8.56%
SECTOR MEDIAN · INDUSTRIALS
9.32%
median of 129 covered companies
CURRENT VS SECTOR MEDIAN
+18.56%
vs the sector median at left
HEICO Corporation
Market Cap
$52.12B
Return on Invested Capital (ROIC)
11.05%
TTM Avg
10.48%
3Y Avg
9.84%
5Y Avg
10.04%
Market Cap
$51.84B
Return on Invested Capital (ROIC)
5.14%
TTM Avg
5.24%
3Y Avg
5.14%
5Y Avg
5.34%
Market Cap
$51.57B
Return on Invested Capital (ROIC)
5.41%
TTM Avg
4.52%
3Y Avg
5.71%
5Y Avg
7.16%
Market Cap
$51.20B
Return on Invested Capital (ROIC)
22.52%
TTM Avg
22.52%
3Y Avg
22.52%
5Y Avg
22.52%
Market Cap
$50.78B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
7.77%
3Y Avg
6.65%
5Y Avg
5.74%
Market Cap
$49.47B
Return on Invested Capital (ROIC)
13.71%
TTM Avg
13.05%
3Y Avg
14.13%
5Y Avg
13.66%
Market Cap
$48.71B
Return on Invested Capital (ROIC)
-1.11%
TTM Avg
0.27%
3Y Avg
2.42%
5Y Avg
0.62%
Market Cap
$47.51B
Return on Invested Capital (ROIC)
-10.09%
TTM Avg
-16.12%
3Y Avg
-18.18%
5Y Avg
-20.49%
Market Cap
$57.60B
Return on Invested Capital (ROIC)
8.30%
TTM Avg
8.46%
3Y Avg
7.73%
5Y Avg
2.74%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| HEICO Corporation (HEI-A) | $52.12B | 11.05% | 10.48% | 9.84% | 10.04% |
| L3Harris Technologies, Inc. (LHX)vs › | $51.84B | 5.14% | 5.24% | 5.14% | 5.34% |
| Carrier Global Corporation (CARR)vs › | $51.57B | 5.41% | 4.52% | 5.71% | 7.16% |
| Honeywell Aerospace Inc (HONA)vs › | $51.20B | 22.52% | 22.52% | 22.52% | 22.52% |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $50.78B | 7.64% | 7.77% | 6.65% | 5.74% |
| Rockwell Automation, Inc. (ROK)vs › | $49.47B | 13.71% | 13.05% | 14.13% | 13.66% |
| Axon Enterprise, Inc. (AXON)vs › | $48.71B | -1.11% | 0.27% | 2.42% | 0.62% |
| Rocket Lab USA, Inc. (RKLB)vs › | $47.51B | -10.09% | -16.12% | -18.18% | -20.49% |
| Delta Air Lines, Inc. (DAL)vs › | $57.60B | 8.30% | 8.46% | 7.73% | 2.74% |
| Ferrovial SE (FER)vs › | $46.36B | 5.02% | 8.73% | 5.38% | 5.04% |
ROIC
11.1%
ROE
16.6%
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) |
|---|---|
| 2025-10-31 | 11.05% |
| 2024-10-31 | 9.90% |
| 2023-10-31 | 7.89% |
| 2022-10-31 | 10.52% |
| 2021-10-31 | 10.45% |
| 2020-10-31 | 10.45% |
| 2019-10-31 | 14.09% |
| 2018-10-31 | 12.68% |
| 2017-10-31 | 9.48% |
| 2016-10-31 | 10.08% |
| 2015-10-31 | 10.01% |
| 2014-10-31 | 9.94% |
| 2013-10-31 | 9.22% |
| 2012-10-31 | 10.18% |
| 2011-10-31 | 12.10% |
| 2010-10-31 | 10.48% |
| 2009-10-31 | 9.16% |
| 2008-10-31 | 11.84% |
| 2007-10-31 | 10.51% |
| 2006-10-31 | 9.59% |
| 2005-10-31 | 7.35% |
| 2004-10-31 | 7.14% |
| 2003-10-31 | 4.81% |
| 2002-10-31 | 5.50% |
| 2001-10-31 | 5.97% |
| 2000-10-31 | 9.19% |
| 1999-10-31 | 7.80% |
| 1998-10-31 | 9.94% |
| 1997-10-31 | 8.19% |
| 1996-10-31 | 6.12% |
