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 20.07% is in line with its 5-year average of 18.57%, near the high end of its 5-year range (13.38%–20.72%).
As of the fiscal period ended Sunday, June 28, 2026. 23.44% above its 12-month average of 16.26%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
20.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
16.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
17.66%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
18.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
17.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
15.29%
CURRENT VS TTM AVG
+23.44%
CURRENT VS 3Y AVG
+13.66%
CURRENT VS 5Y AVG
+8.05%
CURRENT VS 10Y AVG
+15.18%
CURRENT VS 15Y AVG
+27.70%
CURRENT VS 20Y AVG
+31.24%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+110.02%
vs the sector median at left
Lockheed Martin Corporation
Market Cap
$121.65B
Return on Invested Capital (ROIC)
20.07%
TTM Avg
16.26%
3Y Avg
17.66%
5Y Avg
18.57%
Market Cap
$120.17B
Return on Invested Capital (ROIC)
13.94%
TTM Avg
13.83%
3Y Avg
12.35%
5Y Avg
11.79%
Market Cap
$100.67B
Return on Invested Capital (ROIC)
20.78%
TTM Avg
16.59%
3Y Avg
12.27%
5Y Avg
10.46%
Market Cap
$144.37B
Return on Invested Capital (ROIC)
14.46%
TTM Avg
9.09%
3Y Avg
-0.69%
5Y Avg
-2.26%
Market Cap
$97.91B
Return on Invested Capital (ROIC)
19.89%
TTM Avg
19.84%
3Y Avg
17.77%
5Y Avg
15.20%
Market Cap
$95.46B
Return on Invested Capital (ROIC)
10.94%
TTM Avg
10.38%
3Y Avg
9.82%
5Y Avg
9.64%
Market Cap
$94.53B
Return on Invested Capital (ROIC)
8.49%
TTM Avg
7.59%
3Y Avg
7.41%
5Y Avg
7.19%
Market Cap
$93.65B
Return on Invested Capital (ROIC)
18.58%
TTM Avg
16.88%
3Y Avg
13.48%
5Y Avg
11.66%
Market Cap
$89.59B
Return on Invested Capital (ROIC)
8.99%
TTM Avg
9.30%
3Y Avg
10.17%
5Y Avg
9.93%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Lockheed Martin Corporation (LMT) | $121.65B | 20.07% | 16.26% | 17.66% | 18.57% |
| Parker-Hannifin Corporation (PH)vs › | $120.17B | 13.94% | 13.83% | 12.35% | 11.79% |
| Vertiv Holdings Co (VRT)vs › | $100.67B | 20.78% | 16.59% | 12.27% | 10.46% |
| Siemens Energy AG (SMEGF)vs › | $144.37B | 14.46% | 9.09% | -0.69% | -2.26% |
| Trane Technologies plc (TT)vs › | $97.91B | 19.89% | 19.84% | 17.77% | 15.20% |
| General Dynamics Corporation (GD)vs › | $95.46B | 10.94% | 10.38% | 9.82% | 9.64% |
| Quanta Services, Inc. (PWR)vs › | $94.53B | 8.49% | 7.59% | 7.41% | 7.19% |
| Howmet Aerospace Inc. (HWM)vs › | $93.65B | 18.58% | 16.88% | 13.48% | 11.66% |
| CSX Corporation (CSX)vs › | $89.59B | 8.99% | 9.30% | 10.17% | 9.93% |
| Safran S.A. (SAFRY)vs › | $155.01B | 12.41% | 17.58% | 13.72% | 9.91% |
ROIC
20.1%
ROE
71.7%
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) |
|---|---|
| 2026-06-28 | 20.07% |
| 2026-03-29 | 16.84% |
| 2025-12-31 | 17.39% |
| 2025-09-28 | 13.38% |
| 2025-06-29 | 13.61% |
| 2025-03-30 | 16.98% |
| 2024-12-31 | 16.33% |
| 2024-09-29 | 19.35% |
| 2024-06-30 | 19.81% |
| 2024-03-31 | 19.38% |
| 2023-12-31 | 20.37% |
| 2023-09-24 | 18.36% |
| 2023-06-25 | 18.57% |
| 2023-03-26 | 19.24% |
| 2022-12-31 | 19.29% |
| 2022-09-25 | 20.04% |
| 2022-06-26 | 20.72% |
| 2022-03-27 | 20.71% |
| 2021-12-31 | 20.69% |
| 2021-09-26 | 20.33% |
| 2021-06-27 | 19.68% |
| 2021-03-28 | 19.47% |
| 2020-12-31 | 19.40% |
| 2020-09-27 | 19.46% |
| 2020-06-28 | 20.38% |
| 2020-03-29 | 20.50% |
| 2019-12-31 | 21.12% |
| 2019-09-29 | 20.66% |
| 2019-06-30 | 21.10% |
| 2019-03-31 | 20.46% |
| 2018-12-31 | 19.82% |
| 2018-09-30 | 12.81% |
| 2018-06-24 | 11.70% |
| 2018-03-25 | 10.70% |
| 2017-12-31 | 9.40% |
| 2017-09-24 | 11.41% |
| 2017-06-25 | 12.09% |
| 2017-03-26 | 11.87% |
| 2016-12-31 | 11.65% |
| 2016-09-25 | 11.79% |
| 2016-06-26 | 10.35% |
| 2016-03-27 | 10.09% |
| 2015-12-31 | 10.51% |
| 2015-09-27 | 13.51% |
| 2015-06-28 | 13.90% |
| 2015-03-29 | 13.46% |
| 2014-12-31 | 14.81% |
| 2014-09-28 | 13.81% |
| 2014-06-29 | 13.48% |
| 2014-03-30 | 13.48% |
| 2013-12-31 | 12.76% |
| 2013-09-29 | 12.50% |
| 2013-06-30 | 12.05% |
| 2013-03-31 | 11.55% |
| 2012-12-31 | 11.28% |
| 2012-09-30 | 11.61% |
| 2012-06-24 | 11.62% |
| 2012-03-25 | 10.91% |
| 2011-12-31 | 11.35% |
| 2011-09-25 | 12.94% |
| 2011-06-26 | 11.93% |
| 2011-03-27 | 11.62% |
| 2010-12-31 | 11.64% |
| 2010-09-26 | 11.92% |
| 2010-06-27 | 12.56% |
| 2010-03-28 | 11.45% |
| 2009-12-31 | 12.10% |
| 2009-09-27 | 13.25% |
| 2009-06-28 | 13.78% |
| 2009-03-29 | 14.68% |
| 2008-12-31 | 15.17% |
| 2008-09-28 | 17.98% |
| 2008-06-29 | 17.35% |
| 2008-03-30 | 16.78% |
| 2007-12-31 | 16.78% |
| 2007-09-30 | 15.92% |
| 2007-06-30 | 15.94% |
| 2007-03-31 | 15.24% |
| 2006-12-31 | 14.08% |
| 2006-09-30 | 13.23% |
| 2006-06-30 | 12.26% |
| 2006-03-31 | 11.05% |
| 2005-12-31 | 10.52% |
| 2005-09-30 | 10.32% |
| 2005-06-30 | 9.63% |
| 2005-03-31 | 9.22% |
| 2004-12-31 | 9.35% |
| 2004-09-30 | 7.79% |
| 2004-06-30 | 7.90% |
| 2004-03-31 | 7.50% |
| 2003-12-31 | 7.80% |
| 2003-09-30 | 8.89% |
| 2003-06-30 | 8.89% |
