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 9.07% is 10% above its 5-year average of 8.24%, near the high end of its 5-year range (7.13%–9.30%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.79% above its 12-month average of 9.00%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 9.07%.
RETURN ON INVESTED CAPITAL (ROIC)
9.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.66%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.55%
CURRENT VS TTM AVG
+0.79%
CURRENT VS 3Y AVG
+4.81%
CURRENT VS 5Y AVG
+10.14%
CURRENT VS 10Y AVG
+19.78%
CURRENT VS 15Y AVG
+35.32%
CURRENT VS 20Y AVG
+38.45%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
-5.04%
vs the sector median at left
Republic Services, Inc.
Market Cap
$65.26B
Return on Invested Capital (ROIC)
9.07%
TTM Avg
9.00%
3Y Avg
8.66%
5Y Avg
8.24%
Market Cap
$65.17B
Return on Invested Capital (ROIC)
11.11%
TTM Avg
11.32%
3Y Avg
11.51%
5Y Avg
10.67%
Market Cap
$67.37B
Return on Invested Capital (ROIC)
6.63%
TTM Avg
9.09%
3Y Avg
9.81%
5Y Avg
9.63%
Market Cap
$67.63B
Return on Invested Capital (ROIC)
5.92%
TTM Avg
6.18%
3Y Avg
6.03%
5Y Avg
6.34%
Market Cap
$62.43B
Return on Invested Capital (ROIC)
16.02%
TTM Avg
14.51%
3Y Avg
12.68%
5Y Avg
11.40%
Market Cap
$70.30B
Return on Invested Capital (ROIC)
7.33%
TTM Avg
7.38%
3Y Avg
7.64%
5Y Avg
7.88%
Market Cap
$58.69B
Return on Invested Capital (ROIC)
27.07%
TTM Avg
28.31%
3Y Avg
29.26%
5Y Avg
26.11%
Market Cap
$58.59B
Return on Invested Capital (ROIC)
5.87%
TTM Avg
8.32%
3Y Avg
10.45%
5Y Avg
8.19%
Market Cap
$58.38B
Return on Invested Capital (ROIC)
38.80%
TTM Avg
30.55%
3Y Avg
25.18%
5Y Avg
20.85%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Republic Services, Inc. (RSG) | $65.26B | 9.07% | 9.00% | 8.66% | 8.24% |
| United Rentals, Inc. (URI)vs › | $65.17B | 11.11% | 11.32% | 11.51% | 10.67% |
| Honeywell International Inc. (HON)vs › | $67.37B | 6.63% | 9.09% | 9.81% | 9.63% |
| FedEx Corporation (FDX)vs › | $67.63B | 5.92% | 6.18% | 6.03% | 6.34% |
| TransDigm Group Incorporated (TDG)vs › | $62.43B | 16.02% | 14.51% | 12.68% | 11.40% |
| Norfolk Southern Corporation (NSC)vs › | $70.30B | 7.33% | 7.38% | 7.64% | 7.88% |
| W.W. Grainger, Inc. (GWW)vs › | $58.69B | 27.07% | 28.31% | 29.26% | 26.11% |
| PACCAR Inc (PCAR)vs › | $58.59B | 5.87% | 8.32% | 10.45% | 8.19% |
| Comfort Systems USA, Inc. (FIX)vs › | $58.38B | 38.80% | 30.55% | 25.18% | 20.85% |
| Cummins Inc. (CMI)vs › | $72.45B | 10.95% | 12.63% | 10.01% | 10.48% |
ROIC
9.1%
ROE
18.2%
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 | 9.07% |
| 2026-03-31 | 8.94% |
| 2025-12-31 | 8.83% |
| 2025-09-30 | 8.99% |
| 2025-06-30 | 9.18% |
| 2025-03-31 | 9.15% |
| 2024-12-31 | 9.30% |
| 2024-09-30 | 9.02% |
| 2024-06-30 | 8.40% |
| 2024-03-31 | 8.12% |
| 2023-12-31 | 7.94% |
| 2023-09-30 | 7.89% |
| 2023-06-30 | 7.72% |
| 2023-03-31 | 7.59% |
| 2022-12-31 | 7.48% |
| 2022-09-30 | 7.60% |
| 2022-06-30 | 7.13% |
| 2022-03-31 | 7.83% |
| 2021-12-31 | 7.62% |
| 2021-09-30 | 7.58% |
| 2021-06-30 | 7.63% |
| 2021-03-31 | 7.31% |
| 2020-12-31 | 7.15% |
| 2020-09-30 | 7.03% |
| 2020-06-30 | 6.96% |
| 2020-03-31 | 7.10% |
| 2019-12-31 | 7.19% |
| 2019-09-30 | 7.12% |
| 2019-06-30 | 7.09% |
| 2019-03-31 | 6.98% |
| 2018-12-31 | 7.07% |
| 2018-09-30 | 8.61% |
| 2018-06-30 | 8.65% |
| 2018-03-31 | 8.75% |
| 2017-12-31 | 8.61% |
| 2017-09-30 | 5.46% |
| 2017-06-30 | 5.55% |
| 2017-03-31 | 5.45% |
| 2016-12-31 | 5.29% |
| 2016-09-30 | 5.13% |
| 2016-06-30 | 5.08% |
| 2016-03-31 | 5.16% |
| 2015-12-31 | 5.23% |
| 2015-09-30 | 4.50% |
| 2015-06-30 | 4.34% |
| 2015-03-31 | 4.27% |
| 2014-12-31 | 4.18% |
| 2014-09-30 | 5.27% |
| 2014-06-30 | 5.24% |
| 2014-03-31 | 4.60% |
| 2013-12-31 | 4.59% |
| 2013-09-30 | 3.95% |
| 2013-06-30 | 3.90% |
| 2013-03-31 | 4.98% |
| 2012-12-31 | 5.11% |
| 2012-09-30 | 5.60% |
| 2012-06-30 | 5.90% |
| 2012-03-31 | 5.58% |
| 2011-12-31 | 5.70% |
| 2011-09-30 | 5.38% |
| 2011-06-30 | 4.96% |
| 2011-03-31 | 5.11% |
| 2010-12-31 | 5.04% |
| 2010-09-30 | 4.74% |
| 2010-06-30 | 4.74% |
| 2010-03-31 | 5.25% |
| 2009-12-31 | 5.20% |
| 2009-09-30 | 3.58% |
| 2009-06-30 | 2.91% |
| 2009-03-31 | 1.52% |
| 2008-12-31 | 0.87% |
| 2008-09-30 | 8.19% |
| 2008-06-30 | 7.70% |
| 2008-03-31 | 8.93% |
| 2007-12-31 | 8.65% |
| 2007-09-30 | 8.22% |
| 2007-06-30 | 8.69% |
| 2007-03-31 | 8.18% |
| 2006-12-31 | 8.55% |
| 2006-09-30 | 8.09% |
| 2006-06-30 | 7.68% |
| 2006-03-31 | 7.52% |
| 2005-12-31 | 7.61% |
| 2005-09-30 | 7.57% |
| 2005-06-30 | 7.49% |
| 2005-03-31 | 7.25% |
| 2004-12-31 | 6.98% |
| 2004-09-30 | 7.08% |
| 2004-06-30 | 6.70% |
| 2004-03-31 | 6.30% |
| 2003-12-31 | 6.22% |
| 2003-09-30 | 6.66% |
| 2003-06-30 | 7.27% |
