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 -6.11% is 63% above its 5-year average of -16.53%, near the high end of its 5-year range (-24.19%–-6.11%).
As of the fiscal period ended Tuesday, June 30, 2026. 47.47% above its 12-month average of -11.63%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
-6.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-11.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-17.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-16.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+47.47%
CURRENT VS 3Y AVG
+65.03%
CURRENT VS 5Y AVG
+63.06%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
-163.92%
vs the sector median at left
Rocket Lab USA, Inc.
Market Cap
$38.74B
Return on Invested Capital (ROIC)
-6.11%
TTM Avg
-11.63%
3Y Avg
-17.46%
5Y Avg
-16.53%
Market Cap
$39.03B
Return on Invested Capital (ROIC)
20.81%
TTM Avg
21.74%
3Y Avg
25.01%
5Y Avg
23.46%
Market Cap
$40.95B
Return on Invested Capital (ROIC)
6.63%
TTM Avg
5.81%
3Y Avg
5.96%
5Y Avg
5.43%
Market Cap
$41.08B
Return on Invested Capital (ROIC)
1.09%
TTM Avg
0.27%
3Y Avg
2.42%
5Y Avg
-0.79%
Market Cap
$41.54B
Return on Invested Capital (ROIC)
20.44%
TTM Avg
18.61%
3Y Avg
25.57%
5Y Avg
26.74%
Market Cap
$35.62B
Return on Invested Capital (ROIC)
6.46%
TTM Avg
6.91%
3Y Avg
5.85%
5Y Avg
1.40%
Market Cap
$42.15B
Return on Invested Capital (ROIC)
6.80%
TTM Avg
3.93%
3Y Avg
3.03%
5Y Avg
2.49%
Market Cap
$34.06B
Return on Invested Capital (ROIC)
26.94%
TTM Avg
27.00%
3Y Avg
22.23%
5Y Avg
17.65%
Market Cap
$43.91B
Return on Invested Capital (ROIC)
11.04%
TTM Avg
11.66%
3Y Avg
11.11%
5Y Avg
10.22%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Rocket Lab USA, Inc. (RKLB) | $38.74B | -6.11% | -11.63% | -17.46% | -16.53% |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $39.03B | 20.81% | 21.74% | 25.01% | 23.46% |
| Waste Connections, Inc. (WCN)vs › | $40.95B | 6.63% | 5.81% | 5.96% | 5.43% |
| Axon Enterprise, Inc. (AXON)vs › | $41.08B | 1.09% | 0.27% | 2.42% | -0.79% |
| Paychex, Inc. (PAYX)vs › | $41.54B | 20.44% | 18.61% | 25.57% | 26.74% |
| United Airlines Holdings, Inc. (UAL)vs › | $35.62B | 6.46% | 6.91% | 5.85% | 1.40% |
| Ferrovial SE (FER)vs › | $42.15B | 6.80% | 3.93% | 3.03% | 2.49% |
| EMCOR Group, Inc. (EME)vs › | $34.06B | 26.94% | 27.00% | 22.23% | 17.65% |
| Thomson Reuters Corporation (TRI)vs › | $43.91B | 11.04% | 11.66% | 11.11% | 10.22% |
| Ferguson plc (FERG)vs › | $44.43B | 16.51% | 10.88% | 14.29% | 16.21% |
ROIC
-6.1%
ROE
-4.7%
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) |
|---|---|
| 2026-06-30 | -6.11% |
| 2026-03-31 | -9.33% |
| 2025-12-31 | -11.50% |
| 2025-09-30 | -12.57% |
| 2025-06-30 | -18.63% |
| 2025-03-31 | -22.20% |
| 2024-12-31 | -22.15% |
| 2024-09-30 | -20.78% |
| 2024-06-30 | -18.54% |
| 2024-03-31 | -18.22% |
| 2023-12-31 | -24.19% |
| 2023-09-30 | -22.25% |
| 2023-06-30 | -20.57% |
| 2023-03-31 | -18.63% |
| 2022-12-31 | -16.31% |
| 2022-09-30 | -14.51% |
| 2022-06-30 | -16.51% |
| 2022-03-31 | -13.82% |
| 2021-12-31 | -11.50% |
| 2021-09-30 | -10.95% |
| 2021-06-30 | -17.95% |
| 2021-03-31 | -17.26% |
| 2020-12-31 | -39.41% |
