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 14.59% is in line with its 5-year average of 14.38%, around the middle of its 5-year range (12.17%–15.85%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.04% above its 12-month average of 14.16%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
14.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
14.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
14.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
14.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
12.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
13.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
14.82%
CURRENT VS TTM AVG
+3.04%
CURRENT VS 3Y AVG
-1.76%
CURRENT VS 5Y AVG
+1.46%
CURRENT VS 10Y AVG
+12.55%
CURRENT VS 15Y AVG
+4.84%
CURRENT VS 20Y AVG
-1.57%
SECTOR MEDIAN · BASIC MATERIALS
8.91%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
+63.67%
vs the sector median at left
The Sherwin-Williams Company
Market Cap
$77.97B
Return on Invested Capital (ROIC)
14.59%
TTM Avg
14.16%
3Y Avg
14.85%
5Y Avg
14.38%
Market Cap
$77.18B
Return on Invested Capital (ROIC)
9.42%
TTM Avg
11.92%
3Y Avg
10.20%
5Y Avg
9.64%
Market Cap
$74.94B
Return on Invested Capital (ROIC)
17.08%
TTM Avg
10.16%
3Y Avg
7.31%
5Y Avg
7.34%
Market Cap
$71.72B
Return on Invested Capital (ROIC)
16.61%
TTM Avg
11.24%
3Y Avg
9.32%
5Y Avg
9.68%
Market Cap
$88.23B
Return on Invested Capital (ROIC)
9.77%
TTM Avg
7.86%
3Y Avg
7.37%
5Y Avg
6.63%
Market Cap
$66.39B
Return on Invested Capital (ROIC)
-1.61%
TTM Avg
3.81%
3Y Avg
5.62%
5Y Avg
6.30%
Market Cap
$65.74B
Return on Invested Capital (ROIC)
8.48%
TTM Avg
11.31%
3Y Avg
13.87%
5Y Avg
16.82%
Market Cap
$60.21B
Return on Invested Capital (ROIC)
8.23%
TTM Avg
8.61%
3Y Avg
8.75%
5Y Avg
7.88%
Market Cap
$58.94B
Return on Invested Capital (ROIC)
10.13%
TTM Avg
7.31%
3Y Avg
10.13%
5Y Avg
15.59%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Sherwin-Williams Company (SHW) | $77.97B | 14.59% | 14.16% | 14.85% | 14.38% |
| Ecolab Inc. (ECL)vs › | $77.18B | 9.42% | 11.92% | 10.20% | 9.64% |
| Barrick Mining Corporation (B)vs › | $74.94B | 17.08% | 10.16% | 7.31% | 7.34% |
| Wheaton Precious Metals Corp. (WPM)vs › | $71.72B | 16.61% | 11.24% | 9.32% | 9.68% |
| Johnson Controls International plc (JCI)vs › | $88.23B | 9.77% | 7.86% | 7.37% | 6.63% |
| Air Products and Chemicals, Inc. (APD)vs › | $66.39B | -1.61% | 3.81% | 5.62% | 6.30% |
| Vale S.A. (VALE)vs › | $65.74B | 8.48% | 11.31% | 13.87% | 16.82% |
| CRH plc (CRH)vs › | $60.21B | 8.23% | 8.61% | 8.75% | 7.88% |
| Nucor Corporation (NUE)vs › | $58.94B | 10.13% | 7.31% | 10.13% | 15.59% |
| Corteva, Inc. (CTVA)vs › | $57.27B | 6.19% | 5.23% | 5.29% | 4.46% |
ROIC
14.6%
ROE
69.7%
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 | 14.59% |
| 2026-03-31 | 14.06% |
| 2025-12-31 | 14.26% |
| 2025-09-30 | 13.71% |
| 2025-06-30 | 14.19% |
| 2025-03-31 | 14.88% |
| 2024-12-31 | 15.77% |
| 2024-09-30 | 15.54% |
| 2024-06-30 | 15.44% |
| 2024-03-31 | 15.04% |
| 2023-12-31 | 15.56% |
| 2023-09-30 | 15.37% |
| 2023-06-30 | 14.68% |
| 2023-03-31 | 13.41% |
| 2022-12-31 | 13.38% |
| 2022-09-30 | 13.11% |
| 2022-06-30 | 12.17% |
| 2022-03-31 | 12.49% |
| 2021-12-31 | 13.83% |
| 2021-09-30 | 14.70% |
| 2021-06-30 | 15.85% |
| 2021-03-31 | 15.32% |
| 2020-12-31 | 14.53% |
| 2020-09-30 | 13.51% |
| 2020-06-30 | 12.63% |
| 2020-03-31 | 11.65% |
| 2019-12-31 | 11.36% |
| 2019-09-30 | 10.14% |
| 2019-06-30 | 9.44% |
| 2019-03-31 | 9.13% |
| 2018-12-31 | 9.96% |
| 2018-09-30 | 12.70% |
| 2018-06-30 | 11.41% |
| 2018-03-31 | 10.74% |
| 2017-12-31 | 10.64% |
| 2017-09-30 | 7.14% |
| 2017-06-30 | 7.37% |
| 2017-03-31 | 26.95% |
| 2016-12-31 | 25.77% |
| 2016-09-30 | 26.93% |
| 2016-06-30 | 28.59% |
| 2016-03-31 | 28.80% |
| 2015-12-31 | 29.85% |
| 2015-09-30 | 26.82% |
| 2015-06-30 | 24.59% |
| 2015-03-31 | 23.38% |
| 2014-12-31 | 24.27% |
| 2014-09-30 | 22.00% |
| 2014-06-30 | 19.84% |
| 2014-03-31 | 18.44% |
| 2013-12-31 | 17.92% |
| 2013-09-30 | 15.38% |
| 2013-06-30 | 15.67% |
| 2013-03-31 | 15.06% |
| 2012-12-31 | 14.61% |
| 2012-09-30 | 16.09% |
| 2012-06-30 | 14.57% |
| 2012-03-31 | 13.14% |
| 2011-12-31 | 13.47% |
| 2011-09-30 | 14.73% |
| 2011-06-30 | 13.93% |
| 2011-03-31 | 14.22% |
| 2010-12-31 | 14.67% |
| 2010-09-30 | 15.30% |
| 2010-06-30 | 16.66% |
| 2010-03-31 | 15.16% |
| 2009-12-31 | 16.40% |
| 2009-09-30 | 15.90% |
| 2009-06-30 | 15.40% |
| 2009-03-31 | 15.91% |
| 2008-12-31 | 18.54% |
| 2008-09-30 | 17.67% |
| 2008-06-30 | 17.78% |
| 2008-03-31 | 17.90% |
| 2007-12-31 | 19.93% |
| 2007-09-30 | 19.01% |
| 2007-06-30 | 18.44% |
| 2007-03-31 | 17.30% |
| 2006-12-31 | 17.77% |
| 2006-09-30 | 17.75% |
| 2006-06-30 | 17.65% |
| 2006-03-31 | 15.42% |
| 2005-12-31 | 18.11% |
| 2005-09-30 | 16.71% |
| 2005-06-30 | 15.48% |
| 2005-03-31 | 14.51% |
| 2004-12-31 | 14.32% |
| 2004-09-30 | 13.70% |
| 2004-06-30 | 15.58% |
| 2004-03-31 | 15.12% |
| 2003-12-31 | 14.35% |
| 2003-09-30 | 14.29% |
| 2003-06-30 | 14.33% |
