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 26.20% is 31% above its 5-year average of 19.96%, near the high end of its 5-year range (16.09%–26.20%).
As of the fiscal period ended Tuesday, June 30, 2026. 12.47% above its 12-month average of 23.30%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 26.20%.
RETURN ON INVESTED CAPITAL (ROIC)
26.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
23.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
19.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
19.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
15.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
19.11%
CURRENT VS TTM AVG
+12.47%
CURRENT VS 3Y AVG
+32.08%
CURRENT VS 5Y AVG
+31.27%
CURRENT VS 10Y AVG
+70.52%
CURRENT VS 15Y AVG
+64.25%
CURRENT VS 20Y AVG
+37.13%
SECTOR MEDIAN · BASIC MATERIALS
8.91%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
+193.91%
vs the sector median at left
Southern Copper Corporation
Market Cap
$167.28B
Return on Invested Capital (ROIC)
26.20%
TTM Avg
23.30%
3Y Avg
19.84%
5Y Avg
19.96%
Market Cap
$152.85B
Return on Invested Capital (ROIC)
9.23%
TTM Avg
10.98%
3Y Avg
12.46%
5Y Avg
14.50%
Market Cap
$127.10B
Return on Invested Capital (ROIC)
13.76%
TTM Avg
10.18%
3Y Avg
6.03%
5Y Avg
5.49%
Market Cap
$215.47B
Return on Invested Capital (ROIC)
14.01%
TTM Avg
13.25%
3Y Avg
13.89%
5Y Avg
16.61%
Market Cap
$217.20B
Return on Invested Capital (ROIC)
9.93%
TTM Avg
9.10%
3Y Avg
8.52%
5Y Avg
7.25%
Market Cap
$103.66B
Return on Invested Capital (ROIC)
8.80%
TTM Avg
8.30%
3Y Avg
8.88%
5Y Avg
8.51%
Market Cap
$88.07B
Return on Invested Capital (ROIC)
9.77%
TTM Avg
7.86%
3Y Avg
7.37%
5Y Avg
6.63%
Market Cap
$77.20B
Return on Invested Capital (ROIC)
14.59%
TTM Avg
15.02%
3Y Avg
14.74%
5Y Avg
14.56%
Market Cap
$77.14B
Return on Invested Capital (ROIC)
9.42%
TTM Avg
11.92%
3Y Avg
10.20%
5Y Avg
9.64%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Southern Copper Corporation (SCCO) | $167.28B | 26.20% | 23.30% | 19.84% | 19.96% |
| Rio Tinto Group (RIO)vs › | $152.85B | 9.23% | 10.98% | 12.46% | 14.50% |
| Newmont Corporation (NEM)vs › | $127.10B | 13.76% | 10.18% | 6.03% | 5.49% |
| BHP Group Limited (BHP)vs › | $215.47B | 14.01% | 13.25% | 13.89% | 16.61% |
| Linde plc (LIN)vs › | $217.20B | 9.93% | 9.10% | 8.52% | 7.25% |
| Freeport-McMoRan Inc. (FCX)vs › | $103.66B | 8.80% | 8.30% | 8.88% | 8.51% |
| Johnson Controls International plc (JCI)vs › | $88.07B | 9.77% | 7.86% | 7.37% | 6.63% |
| The Sherwin-Williams Company (SHW)vs › | $77.20B | 14.59% | 15.02% | 14.74% | 14.56% |
| Ecolab Inc. (ECL)vs › | $77.14B | 9.42% | 11.92% | 10.20% | 9.64% |
| Barrick Mining Corporation (B)vs › | $70.15B | 17.08% | 10.16% | 7.31% | 7.34% |
ROIC
26.2%
ROE
44.9%
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 | 26.20% |
| 2026-03-31 | 25.35% |
| 2025-12-31 | 23.20% |
| 2025-09-30 | 21.24% |
| 2025-06-30 | 20.49% |
| 2025-03-31 | 20.36% |
| 2024-12-31 | 20.68% |
| 2024-09-30 | 18.85% |
| 2024-06-30 | 17.71% |
| 2024-03-31 | 16.09% |
| 2023-12-31 | 16.83% |
| 2023-09-30 | 19.08% |
| 2023-06-30 | 18.16% |
| 2023-03-31 | 17.30% |
| 2022-12-31 | 17.19% |
| 2022-09-30 | 17.29% |
| 2022-06-30 | 19.65% |
| 2022-03-31 | 22.08% |
| 2021-12-31 | 22.16% |
| 2021-09-30 | 20.66% |
| 2021-06-30 | 18.58% |
| 2021-03-31 | 14.82% |
| 2020-12-31 | 11.57% |
| 2020-09-30 | 10.11% |
| 2020-06-30 | 9.36% |
| 2020-03-31 | 9.99% |
| 2019-12-31 | 10.99% |
| 2019-09-30 | 10.68% |
| 2019-06-30 | 11.28% |
| 2019-03-31 | 11.30% |
| 2018-12-31 | 12.92% |
| 2018-09-30 | 12.95% |
| 2018-06-30 | 13.01% |
| 2018-03-31 | 12.07% |
| 2017-12-31 | 11.43% |
| 2017-09-30 | 10.51% |
| 2017-06-30 | 9.01% |
| 2017-03-31 | 8.48% |
| 2016-12-31 | 7.55% |
| 2016-09-30 | 6.78% |
| 2016-06-30 | 5.99% |
| 2016-03-31 | 6.64% |
| 2015-12-31 | 7.42% |
| 2015-09-30 | 9.40% |
| 2015-06-30 | 10.76% |
| 2015-03-31 | 13.17% |
| 2014-12-31 | 13.74% |
| 2014-09-30 | 14.12% |
| 2014-06-30 | 14.04% |
| 2014-03-31 | 14.74% |
| 2013-12-31 | 16.54% |
| 2013-09-30 | 18.06% |
| 2013-06-30 | 16.88% |
| 2013-03-31 | 18.81% |
| 2012-12-31 | 20.75% |
| 2012-09-30 | 20.41% |
| 2012-06-30 | 32.38% |
| 2012-03-31 | 34.42% |
| 2011-12-31 | 34.81% |
| 2011-09-30 | 33.50% |
| 2011-06-30 | 29.89% |
| 2011-03-31 | 25.26% |
| 2010-12-31 | 23.92% |
| 2010-09-30 | 22.07% |
| 2010-06-30 | 21.11% |
| 2010-03-31 | 23.54% |
| 2009-12-31 | 18.07% |
| 2009-09-30 | 10.13% |
| 2009-06-30 | 12.40% |
| 2009-03-31 | 20.52% |
| 2008-12-31 | 29.53% |
| 2008-09-30 | 32.96% |
| 2008-06-30 | 35.78% |
| 2008-03-31 | 38.70% |
| 2007-12-31 | 39.26% |
| 2007-09-30 | 43.62% |
| 2007-06-30 | 43.04% |
| 2007-03-31 | 39.44% |
| 2006-12-31 | 37.63% |
| 2006-09-30 | 34.87% |
| 2006-06-30 | 33.84% |
| 2006-03-31 | 34.33% |
| 2005-12-31 | 27.56% |
| 2005-09-30 | 24.32% |
| 2005-06-30 | 20.45% |
| 2005-03-31 | 31.70% |
| 2004-12-31 | 26.57% |
| 2004-09-30 | 19.85% |
| 2004-06-30 | 15.61% |
| 2004-03-31 | 10.42% |
| 2003-12-31 | 7.06% |
| 2003-09-30 | 5.61% |
| 2003-06-30 | 4.41% |
