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 2.80% is 266% above its 5-year average of -1.68%, near the high end of its 5-year range (-7.51%–3.61%).
As of the fiscal period ended Tuesday, June 30, 2026. 639.48% above its 12-month average of 0.38%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 2.80%.
RETURN ON INVESTED CAPITAL (ROIC)
2.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
0.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-2.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-1.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.38%
CURRENT VS TTM AVG
+639.48%
CURRENT VS 3Y AVG
+221.04%
CURRENT VS 5Y AVG
+266.29%
CURRENT VS 10Y AVG
+11.54%
CURRENT VS 15Y AVG
-52.82%
CURRENT VS 20Y AVG
-62.07%
SECTOR MEDIAN · BASIC MATERIALS
8.91%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
-68.58%
vs the sector median at left
International Flavors & Fragrances Inc.
Market Cap
$21.46B
Return on Invested Capital (ROIC)
2.80%
TTM Avg
0.38%
3Y Avg
-2.31%
5Y Avg
-1.68%
Market Cap
$21.41B
Return on Invested Capital (ROIC)
-0.06%
TTM Avg
1.89%
3Y Avg
4.28%
5Y Avg
5.44%
Market Cap
$21.55B
Return on Invested Capital (ROIC)
8.58%
TTM Avg
7.97%
3Y Avg
7.75%
5Y Avg
8.08%
Market Cap
$20.96B
Return on Invested Capital (ROIC)
6.05%
TTM Avg
9.68%
3Y Avg
3.70%
5Y Avg
5.46%
Market Cap
$20.76B
Return on Invested Capital (ROIC)
3.48%
TTM Avg
2.04%
3Y Avg
6.45%
5Y Avg
8.28%
Market Cap
$20.76B
Return on Invested Capital (ROIC)
16.58%
TTM Avg
12.92%
3Y Avg
18.79%
5Y Avg
16.05%
Market Cap
$20.71B
Return on Invested Capital (ROIC)
11.60%
TTM Avg
5.67%
3Y Avg
19.63%
5Y Avg
15.64%
Market Cap
$22.27B
Return on Invested Capital (ROIC)
17.08%
TTM Avg
15.53%
3Y Avg
11.28%
5Y Avg
5.80%
Market Cap
$20.03B
Return on Invested Capital (ROIC)
9.36%
TTM Avg
9.00%
3Y Avg
13.00%
5Y Avg
12.81%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| International Flavors & Fragrances Inc. (IFF) | $21.46B | 2.80% | 0.38% | -2.31% | -1.68% |
| Dow Inc. (DOW)vs › | $21.41B | -0.06% | 1.89% | 4.28% | 5.44% |
| Royal Gold, Inc. (RGLD)vs › | $21.55B | 8.58% | 7.97% | 7.75% | 8.08% |
| Coeur Mining, Inc. (CDE)vs › | $20.96B | 6.05% | 9.68% | 3.70% | 5.46% |
| LyondellBasell Industries N.V. (LYB)vs › | $20.76B | 3.48% | 2.04% | 6.45% | 8.28% |
| CF Industries Holdings, Inc. (CF)vs › | $20.76B | 16.58% | 12.92% | 18.79% | 16.05% |
| Sociedad Química y Minera de Chile S.A. (SQM)vs › | $20.71B | 11.60% | 5.67% | 19.63% | 15.64% |
| Carpenter Technology Corporation (CRS)vs › | $22.27B | 17.08% | 15.53% | 11.28% | 5.80% |
| Reliance Steel & Aluminum Co. (RS)vs › | $20.03B | 9.36% | 9.00% | 13.00% | 12.81% |
| PPG Industries, Inc. (PPG)vs › | $23.35B | 8.84% | 10.23% | 9.31% | 9.08% |
ROIC
2.8%
ROE
2.1%
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 | 2.80% |
| 2026-03-31 | 3.61% |
| 2025-12-31 | -1.59% |
| 2025-09-30 | -1.52% |
| 2025-06-30 | -1.40% |
| 2025-03-31 | -1.33% |
| 2024-12-31 | 2.64% |
| 2024-09-30 | -6.98% |
| 2024-06-30 | -7.42% |
| 2024-03-31 | -7.30% |
| 2023-12-31 | -7.51% |
| 2023-09-30 | 0.95% |
| 2023-06-30 | -5.03% |
| 2023-03-31 | -4.70% |
| 2022-12-31 | -4.09% |
| 2022-09-30 | -4.00% |
| 2022-06-30 | 2.33% |
| 2022-03-31 | 2.05% |
| 2021-12-31 | 1.26% |
| 2021-09-30 | 1.09% |
| 2021-06-30 | 0.78% |
| 2021-03-31 | 0.84% |
| 2020-12-31 | 3.84% |
| 2020-09-30 | 4.07% |
| 2020-06-30 | 4.35% |
| 2020-03-31 | 4.95% |
| 2019-12-31 | 4.53% |
| 2019-09-30 | 4.04% |
| 2019-06-30 | 3.86% |
| 2019-03-31 | 3.58% |
| 2018-12-31 | 3.75% |
| 2018-09-30 | 3.96% |
| 2018-06-30 | 8.46% |
| 2018-03-31 | 8.36% |
| 2017-12-31 | 8.01% |
| 2017-09-30 | 11.08% |
| 2017-06-30 | 10.24% |
| 2017-03-31 | 11.58% |
| 2016-12-31 | 13.06% |
| 2016-09-30 | 12.81% |
| 2016-06-30 | 12.96% |
| 2016-03-31 | 12.68% |
| 2015-12-31 | 14.72% |
| 2015-09-30 | 13.84% |
| 2015-06-30 | 14.75% |
| 2015-03-31 | 15.32% |
| 2014-12-31 | 15.00% |
| 2014-09-30 | 14.06% |
| 2014-06-30 | 13.86% |
| 2014-03-31 | 13.96% |
| 2013-12-31 | 13.63% |
| 2013-09-30 | 13.63% |
| 2013-06-30 | 10.51% |
| 2013-03-31 | 10.44% |
| 2012-12-31 | 10.10% |
| 2012-09-30 | 9.33% |
| 2012-06-30 | 12.10% |
| 2012-03-31 | 11.92% |
| 2011-12-31 | 12.51% |
| 2011-09-30 | 13.63% |
| 2011-06-30 | 13.13% |
| 2011-03-31 | 13.25% |
| 2010-12-31 | 13.33% |
| 2010-09-30 | 12.99% |
| 2010-06-30 | 12.58% |
| 2010-03-31 | 11.83% |
| 2009-12-31 | 11.29% |
| 2009-09-30 | 11.07% |
| 2009-06-30 | 11.16% |
| 2009-03-31 | 12.18% |
| 2008-12-31 | 12.41% |
| 2008-09-30 | 11.38% |
| 2008-06-30 | 11.22% |
| 2008-03-31 | 11.68% |
| 2007-12-31 | 11.75% |
| 2007-09-30 | 12.59% |
| 2007-06-30 | 12.01% |
| 2007-03-31 | 11.48% |
| 2006-12-31 | 11.61% |
| 2006-09-30 | 9.61% |
| 2006-06-30 | 10.59% |
| 2006-03-31 | 9.53% |
| 2005-12-31 | 9.28% |
| 2005-09-30 | 11.56% |
| 2005-06-30 | 10.20% |
| 2005-03-31 | 10.38% |
| 2004-12-31 | 10.94% |
| 2004-09-30 | 11.04% |
| 2004-06-30 | 11.08% |
| 2004-03-31 | 11.08% |
| 2003-12-31 | 10.86% |
| 2003-09-30 | 10.93% |
| 2003-06-30 | 12.20% |