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 8.49% is 18% above its 5-year average of 7.17%, near the high end of its 5-year range (5.14%–8.69%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.73% above its 12-month average of 7.81%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 8.49%.
RETURN ON INVESTED CAPITAL (ROIC)
8.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.02%
CURRENT VS TTM AVG
+8.73%
CURRENT VS 3Y AVG
+10.21%
CURRENT VS 5Y AVG
+18.36%
CURRENT VS 10Y AVG
+19.99%
CURRENT VS 15Y AVG
+27.60%
CURRENT VS 20Y AVG
+41.16%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
-11.14%
vs the sector median at left
Quanta Services, Inc.
Market Cap
$95.38B
Return on Invested Capital (ROIC)
8.49%
TTM Avg
7.81%
3Y Avg
7.70%
5Y Avg
7.17%
Market Cap
$95.31B
Return on Invested Capital (ROIC)
10.94%
TTM Avg
10.38%
3Y Avg
9.82%
5Y Avg
9.64%
Market Cap
$95.94B
Return on Invested Capital (ROIC)
20.78%
TTM Avg
16.59%
3Y Avg
12.27%
5Y Avg
10.46%
Market Cap
$93.91B
Return on Invested Capital (ROIC)
19.89%
TTM Avg
19.84%
3Y Avg
17.77%
5Y Avg
15.20%
Market Cap
$91.48B
Return on Invested Capital (ROIC)
18.58%
TTM Avg
16.88%
3Y Avg
13.48%
5Y Avg
11.66%
Market Cap
$87.60B
Return on Invested Capital (ROIC)
8.99%
TTM Avg
9.30%
3Y Avg
10.17%
5Y Avg
9.93%
Market Cap
$85.46B
Return on Invested Capital (ROIC)
14.64%
TTM Avg
12.53%
3Y Avg
11.28%
5Y Avg
12.46%
Market Cap
$84.92B
Return on Invested Capital (ROIC)
9.01%
TTM Avg
8.59%
3Y Avg
9.20%
5Y Avg
8.88%
Market Cap
$84.22B
Return on Invested Capital (ROIC)
8.99%
TTM Avg
11.29%
3Y Avg
13.45%
5Y Avg
14.09%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Quanta Services, Inc. (PWR) | $95.38B | 8.49% | 7.81% | 7.70% | 7.17% |
| General Dynamics Corporation (GD)vs › | $95.31B | 10.94% | 10.38% | 9.82% | 9.64% |
| Vertiv Holdings Co (VRT)vs › | $95.94B | 20.78% | 16.59% | 12.27% | 10.46% |
| Trane Technologies plc (TT)vs › | $93.91B | 19.89% | 19.84% | 17.77% | 15.20% |
| Howmet Aerospace Inc. (HWM)vs › | $91.48B | 18.58% | 16.88% | 13.48% | 11.66% |
| CSX Corporation (CSX)vs › | $87.60B | 8.99% | 9.30% | 10.17% | 9.93% |
| 3M Company (MMM)vs › | $85.46B | 14.64% | 12.53% | 11.28% | 12.46% |
| Waste Management, Inc. (WM)vs › | $84.92B | 9.01% | 8.59% | 9.20% | 8.88% |
| United Parcel Service, Inc. (UPS)vs › | $84.22B | 8.99% | 11.29% | 13.45% | 14.09% |
| Emerson Electric Co. (EMR)vs › | $83.45B | 7.93% | 6.36% | 6.09% | 7.57% |
ROIC
8.5%
ROE
13.9%
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 | 8.49% |
| 2026-03-31 | 7.70% |
| 2025-12-31 | 7.12% |
| 2025-09-30 | 7.56% |
| 2025-06-30 | 8.18% |
| 2025-03-31 | 8.17% |
| 2024-12-31 | 8.05% |
| 2024-09-30 | 7.27% |
| 2024-06-30 | 8.16% |
| 2024-03-31 | 7.82% |
| 2023-12-31 | 7.59% |
| 2023-09-30 | 7.43% |
| 2023-06-30 | 6.62% |
| 2023-03-31 | 6.44% |
| 2022-12-31 | 6.57% |
| 2022-09-30 | 5.95% |
| 2022-06-30 | 5.58% |
| 2022-03-31 | 5.25% |
| 2021-12-31 | 5.14% |
| 2021-09-30 | 6.89% |
| 2021-06-30 | 8.69% |
| 2021-03-31 | 8.25% |
| 2020-12-31 | 7.99% |
| 2020-09-30 | 7.24% |
| 2020-06-30 | 7.01% |
| 2020-03-31 | 6.21% |
| 2019-12-31 | 6.74% |
| 2019-09-30 | 5.75% |
| 2019-06-30 | 5.99% |
| 2019-03-31 | 7.06% |
| 2018-12-31 | 7.11% |
| 2018-09-30 | 8.71% |
| 2018-06-30 | 8.18% |
| 2018-03-31 | 7.79% |
| 2017-12-31 | 7.78% |
| 2017-09-30 | 6.18% |
| 2017-06-30 | 6.51% |
| 2017-03-31 | 5.67% |
| 2016-12-31 | 5.15% |
| 2016-09-30 | 2.73% |
| 2016-06-30 | 2.15% |
| 2016-03-31 | 2.60% |
| 2015-12-31 | 3.54% |
| 2015-09-30 | 5.33% |
| 2015-06-30 | 5.42% |
| 2015-03-31 | 6.34% |
| 2014-12-31 | 6.12% |
| 2014-09-30 | 6.69% |
| 2014-06-30 | 6.87% |
| 2014-03-31 | 6.77% |
| 2013-12-31 | 7.31% |
| 2013-09-30 | 7.86% |
| 2013-06-30 | 8.16% |
| 2013-03-31 | 8.17% |
| 2012-12-31 | 7.66% |
| 2012-09-30 | 6.74% |
| 2012-06-30 | 6.02% |
| 2012-03-31 | 5.30% |
| 2011-12-31 | 3.71% |
| 2011-09-30 | 2.84% |
| 2011-06-30 | 3.05% |
| 2011-03-31 | 3.13% |
| 2010-12-31 | 4.21% |
| 2010-09-30 | 4.79% |
| 2010-06-30 | 4.99% |
| 2010-03-31 | 4.73% |
| 2009-12-31 | 4.67% |
| 2009-09-30 | 5.25% |
| 2009-06-30 | 5.09% |
| 2009-03-31 | 5.39% |
| 2008-12-31 | 5.51% |
| 2008-09-30 | 5.17% |
| 2008-06-30 | 4.94% |
| 2008-03-31 | 4.37% |
| 2007-12-31 | 4.66% |
| 2007-09-30 | 2.53% |
| 2007-06-30 | 3.49% |
| 2007-03-31 | 3.43% |
| 2006-12-31 | 3.12% |
| 2006-09-30 | 5.44% |
| 2006-06-30 | 4.93% |
| 2006-03-31 | 3.88% |
| 2005-12-31 | 2.99% |
| 2005-09-30 | 1.76% |
| 2005-06-30 | 1.54% |
| 2005-03-31 | 1.65% |
| 2004-12-31 | 0.81% |
| 2004-09-30 | 0.77% |
| 2004-06-30 | 0.92% |
| 2004-03-31 | 0.09% |
| 2003-12-31 | 1.30% |
| 2003-09-30 | 1.88% |
| 2003-06-30 | -0.72% |
