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 5.04% is in line with its 5-year average of 4.96%, around the middle of its 5-year range (3.20%–6.45%).
As of the fiscal period ended Wednesday, December 31, 2025. 9.92% below its 12-month average of 5.60%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
5.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.38%
CURRENT VS TTM AVG
-9.92%
CURRENT VS 3Y AVG
+7.87%
CURRENT VS 5Y AVG
+1.58%
CURRENT VS 10Y AVG
+0.98%
CURRENT VS 15Y AVG
+8.77%
CURRENT VS 20Y AVG
+15.00%
SECTOR MEDIAN · FINANCIAL SERVICES
5.93%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
-14.94%
vs the sector median at left
Northern Trust Corporation
Market Cap
$33.94B
Return on Invested Capital (ROIC)
5.04%
TTM Avg
5.60%
3Y Avg
4.67%
5Y Avg
4.96%
Market Cap
$33.92B
Return on Invested Capital (ROIC)
15.88%
TTM Avg
13.07%
3Y Avg
11.13%
5Y Avg
9.95%
Market Cap
$34.41B
Return on Invested Capital (ROIC)
7.12%
TTM Avg
11.32%
3Y Avg
10.95%
5Y Avg
149.50%
Market Cap
$35.46B
Return on Invested Capital (ROIC)
-2.03%
TTM Avg
1.33%
3Y Avg
3.56%
5Y Avg
3.64%
Market Cap
$32.02B
Return on Invested Capital (ROIC)
11.52%
TTM Avg
4.01%
3Y Avg
5.09%
5Y Avg
5.32%
Market Cap
$36.30B
Return on Invested Capital (ROIC)
6.75%
TTM Avg
6.13%
3Y Avg
6.28%
5Y Avg
6.72%
Market Cap
$30.73B
Return on Invested Capital (ROIC)
4.25%
TTM Avg
3.89%
3Y Avg
3.97%
5Y Avg
4.27%
Market Cap
$29.99B
Return on Invested Capital (ROIC)
15.31%
TTM Avg
13.70%
3Y Avg
11.13%
5Y Avg
10.57%
Market Cap
$39.28B
Return on Invested Capital (ROIC)
28.21%
TTM Avg
26.01%
3Y Avg
15.25%
5Y Avg
13.97%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Northern Trust Corporation (NTRS) | $33.94B | 5.04% | 5.60% | 4.67% | 4.96% |
| Raymond James Financial, Inc. (RJF)vs › | $33.92B | 15.88% | 13.07% | 11.13% | 9.95% |
| Arch Capital Group Ltd. (ACGL)vs › | $34.41B | 7.12% | 11.32% | 10.95% | 149.50% |
| Huntington Bancshares Incorporated (HBAN)vs › | $35.46B | -2.03% | 1.33% | 3.56% | 3.64% |
| Willis Towers Watson Public Limited Company (WTW)vs › | $32.02B | 11.52% | 4.01% | 5.09% | 5.32% |
| M&T Bank Corporation (MTB)vs › | $36.30B | 6.75% | 6.13% | 6.28% | 6.72% |
| Citizens Financial Group, Inc. (CFG)vs › | $30.73B | 4.25% | 3.89% | 3.97% | 4.27% |
| Cboe Global Markets, Inc. (CBOE)vs › | $29.99B | 15.31% | 13.70% | 11.13% | 10.57% |
| The Hartford Insurance Group, Inc. (HIG)vs › | $39.28B | 28.21% | 26.01% | 15.25% | 13.97% |
| Coinbase Global, Inc. (COIN)vs › | $40.52B | 5.24% | 9.40% | -1.24% | 7.17% |
ROIC
5.0%
ROE
16.7%
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 | 5.04% |
| 2024-12-31 | 6.15% |
| 2023-12-31 | 3.20% |
| 2022-12-31 | 4.30% |
| 2021-12-31 | 6.45% |
| 2020-12-31 | 4.63% |
| 2019-12-31 | 5.39% |
| 2018-12-31 | 5.62% |
| 2017-12-31 | 4.58% |
| 2016-12-31 | 4.64% |
| 2015-12-31 | 4.90% |
| 2014-12-31 | 4.23% |
| 2013-12-31 | 3.88% |
| 2012-12-31 | 4.28% |
| 2011-12-31 | 3.44% |
| 2010-12-31 | 3.41% |
| 2009-12-31 | 3.62% |
| 2008-12-31 | 4.05% |
| 2007-12-31 | 4.43% |
| 2006-12-31 | 3.94% |
| 2005-12-31 | 3.92% |
| 2004-12-31 | 3.56% |
| 2003-12-31 | 2.79% |
| 2002-12-31 | 3.33% |
| 2001-12-31 | 3.33% |
| 2000-12-31 | 3.68% |
| 1999-12-31 | 5.52% |
| 1998-12-31 | 3.66% |
| 1997-12-31 | 3.45% |
| 1996-12-31 | 3.31% |
