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 8.47% is 40% below its 5-year average of 14.20%, near the low end of its 5-year range (8.09%–20.18%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.46% below its 12-month average of 8.68%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
8.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
12.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
14.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
12.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.34%
CURRENT VS TTM AVG
-2.46%
CURRENT VS 3Y AVG
-29.85%
CURRENT VS 5Y AVG
-40.40%
CURRENT VS 10Y AVG
-29.99%
CURRENT VS 15Y AVG
-19.77%
CURRENT VS 20Y AVG
-9.32%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
-11.41%
vs the sector median at left
Saia, Inc.
Market Cap
$9.11B
Return on Invested Capital (ROIC)
8.47%
TTM Avg
8.68%
3Y Avg
12.07%
5Y Avg
14.20%
Market Cap
$9.23B
Return on Invested Capital (ROIC)
19.68%
TTM Avg
17.06%
3Y Avg
12.91%
5Y Avg
11.95%
Market Cap
$8.95B
Return on Invested Capital (ROIC)
0.49%
TTM Avg
0.96%
3Y Avg
0.74%
5Y Avg
1.04%
Market Cap
$8.88B
Return on Invested Capital (ROIC)
15.99%
TTM Avg
18.77%
3Y Avg
14.79%
5Y Avg
14.49%
Market Cap
$8.83B
Return on Invested Capital (ROIC)
6.52%
TTM Avg
10.48%
3Y Avg
14.32%
5Y Avg
13.46%
Market Cap
$9.60B
Return on Invested Capital (ROIC)
11.73%
TTM Avg
12.52%
3Y Avg
11.98%
5Y Avg
12.38%
Market Cap
$8.59B
Return on Invested Capital (ROIC)
12.33%
TTM Avg
11.82%
3Y Avg
9.11%
5Y Avg
8.12%
Market Cap
$8.40B
Return on Invested Capital (ROIC)
18.44%
TTM Avg
23.57%
3Y Avg
24.93%
5Y Avg
22.50%
Market Cap
$9.86B
Return on Invested Capital (ROIC)
10.51%
TTM Avg
8.04%
3Y Avg
9.82%
5Y Avg
9.10%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Saia, Inc. (SAIA) | $9.11B | 8.47% | 8.68% | 12.07% | 14.20% |
| Valmont Industries, Inc. (VMI)vs › | $9.23B | 19.68% | 17.06% | 12.91% | 11.95% |
| Kratos Defense & Security Solutions, Inc. (KTOS)vs › | $8.95B | 0.49% | 0.96% | 0.74% | 1.04% |
| Booz Allen Hamilton Holding Corporation (BAH)vs › | $8.88B | 15.99% | 18.77% | 14.79% | 14.49% |
| AGCO Corporation (AGCO)vs › | $8.83B | 6.52% | 10.48% | 14.32% | 13.46% |
| Pentair plc (PNR)vs › | $9.60B | 11.73% | 12.52% | 11.98% | 12.38% |
| Aecom (ACM)vs › | $8.59B | 12.33% | 11.82% | 9.11% | 8.12% |
| A. O. Smith Corporation (AOS)vs › | $8.40B | 18.44% | 23.57% | 24.93% | 22.50% |
| Leonardo DRS, Inc. (DRS)vs › | $9.86B | 10.51% | 8.04% | 9.82% | 9.10% |
| Fluor Corporation (FLR)vs › | $8.08B | -8.15% | 0.87% | 1.73% | -0.04% |
ROIC
8.5%
ROE
10.2%
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 | 8.47% |
| 2026-03-31 | 8.09% |
| 2025-12-31 | 8.20% |
| 2025-09-30 | 9.12% |
| 2025-06-30 | 9.51% |
| 2025-03-31 | 10.85% |
| 2024-12-31 | 12.67% |
| 2024-09-30 | 13.70% |
| 2024-06-30 | 14.33% |
| 2024-03-31 | 14.96% |
| 2023-12-31 | 15.50% |
| 2023-09-30 | 15.28% |
| 2023-06-30 | 16.21% |
| 2023-03-31 | 18.01% |
| 2022-12-31 | 18.90% |
| 2022-09-30 | 20.14% |
| 2022-06-30 | 20.18% |
| 2022-03-31 | 18.66% |
| 2021-12-31 | 16.74% |
| 2021-09-30 | 15.27% |
| 2021-06-30 | 13.46% |
| 2021-03-31 | 11.49% |
| 2020-12-31 | 11.12% |
| 2020-09-30 | 9.41% |
| 2020-06-30 | 8.83% |
| 2020-03-31 | 9.26% |
| 2019-12-31 | 9.91% |
| 2019-09-30 | 10.23% |
| 2019-06-30 | 10.35% |
| 2019-03-31 | 10.46% |
| 2018-12-31 | 11.58% |
| 2018-09-30 | 14.59% |
| 2018-06-30 | 13.00% |
| 2018-03-31 | 12.30% |
| 2017-12-31 | 11.62% |
| 2017-09-30 | 7.21% |
| 2017-06-30 | 7.11% |
| 2017-03-31 | 6.69% |
| 2016-12-31 | 7.55% |
| 2016-09-30 | 7.71% |
| 2016-06-30 | 7.10% |
| 2016-03-31 | 8.43% |
| 2015-12-31 | 9.59% |
| 2015-09-30 | 9.83% |
| 2015-06-30 | 10.40% |
| 2015-03-31 | 9.75% |
| 2014-12-31 | 9.71% |
| 2014-09-30 | 9.29% |
| 2014-06-30 | 8.70% |
| 2014-03-31 | 9.46% |
| 2013-12-31 | 9.86% |
| 2013-09-30 | 9.45% |
| 2013-06-30 | 8.89% |
| 2013-03-31 | 9.84% |
| 2012-12-31 | 9.19% |
| 2012-09-30 | 8.26% |
| 2012-06-30 | 7.30% |
| 2012-03-31 | 5.62% |
| 2011-12-31 | 4.84% |
| 2011-09-30 | 4.59% |
| 2011-06-30 | 4.05% |
| 2011-03-31 | 3.68% |
| 2010-12-31 | 3.33% |
| 2010-09-30 | 1.84% |
| 2010-06-30 | 2.18% |
| 2010-03-31 | 0.45% |
| 2009-12-31 | -1.02% |
| 2009-09-30 | -8.07% |
| 2009-06-30 | -8.17% |
| 2009-03-31 | -5.19% |
| 2008-12-31 | -2.48% |
| 2008-09-30 | 4.26% |
| 2008-06-30 | 4.53% |
| 2008-03-31 | 4.29% |
| 2007-12-31 | 5.14% |
| 2007-09-30 | 6.45% |
| 2007-06-30 | 7.08% |
| 2007-03-31 | 7.51% |
| 2006-12-31 | 8.08% |
| 2006-09-30 | 9.74% |
| 2006-06-30 | 9.79% |
| 2006-03-31 | 7.36% |
| 2005-12-31 | 7.29% |
| 2005-09-30 | 6.25% |
| 2005-06-30 | 6.38% |
| 2005-03-31 | 6.42% |
| 2004-12-31 | 5.99% |
| 2004-09-30 | 6.28% |
| 2004-06-30 | 5.95% |
| 2004-03-31 | 5.62% |
| 2003-12-31 | 5.32% |
| 2003-09-30 | 5.08% |
| 2003-06-30 | 4.63% |
