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 13.76% is 122% above its 5-year average of 6.21%, near the high end of its 5-year range (1.37%–15.14%).
As of the fiscal period ended Tuesday, June 30, 2026. 6.63% above its 12-month average of 12.90%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
13.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.46%
CURRENT VS TTM AVG
+6.63%
CURRENT VS 3Y AVG
+75.06%
CURRENT VS 5Y AVG
+121.61%
CURRENT VS 10Y AVG
+239.50%
CURRENT VS 15Y AVG
+156.16%
CURRENT VS 20Y AVG
+113.14%
SECTOR MEDIAN · BASIC MATERIALS
8.91%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
+54.35%
vs the sector median at left
Newmont Corporation
Market Cap
$135.11B
Return on Invested Capital (ROIC)
13.76%
TTM Avg
12.90%
3Y Avg
7.86%
5Y Avg
6.21%
Market Cap
$109.33B
Return on Invested Capital (ROIC)
8.80%
TTM Avg
8.30%
3Y Avg
8.88%
5Y Avg
8.51%
Market Cap
$167.69B
Return on Invested Capital (ROIC)
9.23%
TTM Avg
10.98%
3Y Avg
12.46%
5Y Avg
14.50%
Market Cap
$173.71B
Return on Invested Capital (ROIC)
26.20%
TTM Avg
21.91%
3Y Avg
19.48%
5Y Avg
18.59%
Market Cap
$88.09B
Return on Invested Capital (ROIC)
9.77%
TTM Avg
7.86%
3Y Avg
7.37%
5Y Avg
6.63%
Market Cap
$78.27B
Return on Invested Capital (ROIC)
14.59%
TTM Avg
15.02%
3Y Avg
14.74%
5Y Avg
14.56%
Market Cap
$77.16B
Return on Invested Capital (ROIC)
9.42%
TTM Avg
11.92%
3Y Avg
10.20%
5Y Avg
9.64%
Market Cap
$74.18B
Return on Invested Capital (ROIC)
17.08%
TTM Avg
10.16%
3Y Avg
7.31%
5Y Avg
7.34%
Market Cap
$71.34B
Return on Invested Capital (ROIC)
16.61%
TTM Avg
11.24%
3Y Avg
9.32%
5Y Avg
9.68%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Newmont Corporation (NEM) | $135.11B | 13.76% | 12.90% | 7.86% | 6.21% |
| Freeport-McMoRan Inc. (FCX)vs › | $109.33B | 8.80% | 8.30% | 8.88% | 8.51% |
| Rio Tinto Group (RIO)vs › | $167.69B | 9.23% | 10.98% | 12.46% | 14.50% |
| Southern Copper Corporation (SCCO)vs › | $173.71B | 26.20% | 21.91% | 19.48% | 18.59% |
| Johnson Controls International plc (JCI)vs › | $88.09B | 9.77% | 7.86% | 7.37% | 6.63% |
| The Sherwin-Williams Company (SHW)vs › | $78.27B | 14.59% | 15.02% | 14.74% | 14.56% |
| Ecolab Inc. (ECL)vs › | $77.16B | 9.42% | 11.92% | 10.20% | 9.64% |
| Barrick Mining Corporation (B)vs › | $74.18B | 17.08% | 10.16% | 7.31% | 7.34% |
| Wheaton Precious Metals Corp. (WPM)vs › | $71.34B | 16.61% | 11.24% | 9.32% | 9.68% |
| Air Products and Chemicals, Inc. (APD)vs › | $65.94B | -1.61% | 3.81% | 5.62% | 6.30% |
ROIC
13.8%
ROE
24.3%
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 | 13.76% |
| 2026-03-31 | 15.14% |
| 2025-12-31 | 12.23% |
| 2025-09-30 | 12.53% |
| 2025-06-30 | 10.86% |
| 2025-03-31 | 9.91% |
| 2024-12-31 | 8.19% |
| 2024-09-30 | 5.99% |
| 2024-06-30 | 3.92% |
| 2024-03-31 | 2.30% |
| 2023-12-31 | 1.37% |
| 2023-09-30 | 2.88% |
| 2023-06-30 | 3.09% |
| 2023-03-31 | 3.75% |
| 2022-12-31 | 2.50% |
| 2022-09-30 | 1.67% |
| 2022-06-30 | 2.14% |
| 2022-03-31 | 2.59% |
| 2021-12-31 | 2.77% |
| 2021-09-30 | 5.84% |
| 2021-06-30 | 6.94% |
| 2021-03-31 | 6.06% |
| 2020-12-31 | 5.89% |
| 2020-09-30 | 5.17% |
| 2020-06-30 | 4.33% |
| 2020-03-31 | 3.74% |
| 2019-12-31 | 3.16% |
| 2019-09-30 | 2.46% |
| 2019-06-30 | 1.73% |
| 2019-03-31 | 3.35% |
| 2018-12-31 | 3.31% |
| 2018-09-30 | 3.13% |
| 2018-06-30 | 3.26% |
| 2018-03-31 | 3.69% |
| 2017-12-31 | 3.51% |
| 2017-09-30 | 5.64% |
| 2017-06-30 | 5.44% |
| 2017-03-31 | 6.13% |
| 2016-12-31 | 4.03% |
| 2016-09-30 | 3.06% |
| 2016-06-30 | 2.93% |
| 2016-03-31 | 2.80% |
| 2015-12-31 | 2.79% |
| 2015-09-30 | 3.61% |
| 2015-06-30 | 3.08% |
| 2015-03-31 | 3.34% |
| 2014-12-31 | 2.64% |
| 2014-09-30 | 2.72% |
| 2014-06-30 | 4.13% |
| 2014-03-31 | 1.89% |
| 2013-12-31 | 3.82% |
| 2013-09-30 | 6.85% |
| 2013-06-30 | 8.38% |
| 2013-03-31 | 8.33% |
| 2012-12-31 | 9.74% |
| 2012-09-30 | 7.61% |
| 2012-06-30 | 8.62% |
| 2012-03-31 | 9.77% |
| 2011-12-31 | 10.49% |
| 2011-09-30 | 13.15% |
| 2011-06-30 | 13.26% |
| 2011-03-31 | 13.52% |
| 2010-12-31 | 14.37% |
| 2010-09-30 | 14.21% |
| 2010-06-30 | 13.82% |
| 2010-03-31 | 12.65% |
| 2009-12-31 | 10.69% |
| 2009-09-30 | 6.66% |
| 2009-06-30 | 5.30% |
| 2009-03-31 | 6.35% |
| 2008-12-31 | 9.27% |
| 2008-09-30 | 6.60% |
| 2008-06-30 | 7.67% |
| 2008-03-31 | 13.62% |
| 2007-12-31 | 9.02% |
| 2007-09-30 | 8.45% |
| 2007-06-30 | 5.04% |
| 2007-03-31 | 6.31% |
| 2006-12-31 | 7.74% |
| 2006-09-30 | 6.66% |
| 2006-06-30 | 7.51% |
| 2006-03-31 | 6.67% |
| 2005-12-31 | 5.38% |
| 2005-09-30 | 5.82% |
| 2005-06-30 | 5.95% |
| 2005-03-31 | 6.67% |
| 2004-12-31 | 7.90% |
| 2004-09-30 | 7.29% |
| 2004-06-30 | 6.45% |
| 2004-03-31 | 5.67% |
| 2003-12-31 | 6.43% |
| 2003-09-30 | 5.87% |
| 2003-06-30 | 4.89% |
