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 9.22% is in line with its 5-year average of 9.60%, near the low end of its 5-year range (8.93%–10.65%).
As of the fiscal period ended Wednesday, December 31, 2025. 1.60% above its 12-month average of 9.07%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
9.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
10.26%
CURRENT VS TTM AVG
+1.60%
CURRENT VS 3Y AVG
-5.77%
CURRENT VS 5Y AVG
-3.94%
CURRENT VS 10Y AVG
-8.62%
CURRENT VS 15Y AVG
-13.00%
CURRENT VS 20Y AVG
-10.10%
SECTOR MEDIAN · INDUSTRIALS
9.07%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+1.60%
vs the sector median at left
Honeywell International Inc.
Market Cap
$76.00B
Return on Invested Capital (ROIC)
9.22%
TTM Avg
9.07%
3Y Avg
9.79%
5Y Avg
9.60%
Market Cap
$76.91B
Return on Invested Capital (ROIC)
8.90%
TTM Avg
8.82%
3Y Avg
9.96%
5Y Avg
9.68%
Market Cap
$74.89B
Return on Invested Capital (ROIC)
9.21%
TTM Avg
9.50%
3Y Avg
8.62%
5Y Avg
9.59%
Market Cap
$74.46B
Return on Invested Capital (ROIC)
7.47%
TTM Avg
7.37%
3Y Avg
7.63%
5Y Avg
7.86%
Market Cap
$77.90B
Return on Invested Capital (ROIC)
5.09%
TTM Avg
4.89%
3Y Avg
1.62%
5Y Avg
3.59%
Market Cap
$72.51B
Return on Invested Capital (ROIC)
5.95%
TTM Avg
5.97%
3Y Avg
5.83%
5Y Avg
6.14%
Market Cap
$82.01B
Return on Invested Capital (ROIC)
24.49%
TTM Avg
25.84%
3Y Avg
24.99%
5Y Avg
22.94%
Market Cap
$69.86B
Return on Invested Capital (ROIC)
6.39%
TTM Avg
8.44%
3Y Avg
10.51%
5Y Avg
8.23%
Market Cap
$69.81B
Return on Invested Capital (ROIC)
15.22%
TTM Avg
14.50%
3Y Avg
12.67%
5Y Avg
11.39%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Honeywell International Inc. (HON) | $76.00B | 9.22% | 9.07% | 9.79% | 9.60% |
| Canadian National Railway Company (CNI)vs › | $76.91B | 8.90% | 8.82% | 9.96% | 9.68% |
| Northrop Grumman Corporation (NOC)vs › | $74.89B | 9.21% | 9.50% | 8.62% | 9.59% |
| Norfolk Southern Corporation (NSC)vs › | $74.46B | 7.47% | 7.37% | 7.63% | 7.86% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $77.90B | 5.09% | 4.89% | 1.62% | 3.59% |
| FedEx Corporation (FDX)vs › | $72.51B | 5.95% | 5.97% | 5.83% | 6.14% |
| Illinois Tool Works Inc. (ITW)vs › | $82.01B | 24.49% | 25.84% | 24.99% | 22.94% |
| PACCAR Inc (PCAR)vs › | $69.86B | 6.39% | 8.44% | 10.51% | 8.23% |
| TransDigm Group Incorporated (TDG)vs › | $69.81B | 15.22% | 14.50% | 12.67% | 11.39% |
| Cintas Corporation (CTAS)vs › | $82.80B | 23.39% | 23.17% | 21.34% | 19.82% |
ROIC
9.2%
ROE
32.6%
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) |
|---|---|
| 2025-12-31 | 9.22% |
| 2024-12-31 | 8.93% |
| 2023-12-31 | 10.34% |
| 2022-12-31 | 10.65% |
| 2021-12-31 | 9.52% |
| 2020-12-31 | 8.93% |
| 2019-12-31 | 12.37% |
| 2018-12-31 | 13.50% |
| 2017-12-31 | 3.14% |
| 2016-12-31 | 10.98% |
| 2015-12-31 | 13.41% |
| 2014-12-31 | 13.02% |
| 2013-12-31 | 12.10% |
| 2012-12-31 | 10.51% |
| 2011-12-31 | 7.46% |
| 2010-12-31 | 8.02% |
| 2009-12-31 | 7.24% |
| 2008-12-31 | 10.10% |
| 2007-12-31 | 11.37% |
| 2006-12-31 | 10.35% |
| 2005-12-31 | 7.10% |
| 2004-12-31 | 4.98% |
| 2003-12-31 | 6.91% |
| 2002-12-31 | 2.08% |
| 2001-12-31 | 0.20% |
| 2000-12-31 | 9.86% |
| 1999-12-31 | 7.77% |
| 1998-12-31 | 11.35% |
| 1997-12-31 | 13.85% |
| 1996-12-31 | 10.17% |
