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 7.00% is 35% below its 5-year average of 10.84%, around the middle of its 5-year range (-5.92%–15.98%).
As of the fiscal period ended Monday, August 31, 2026. 35.31% below its 12-month average of 10.82%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q1 FY2027 (2026-08-31): 7.00%.
RETURN ON INVESTED CAPITAL (ROIC)
7.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
13.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
10.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.01%
CURRENT VS TTM AVG
-35.31%
CURRENT VS 3Y AVG
-46.54%
CURRENT VS 5Y AVG
-35.43%
CURRENT VS 10Y AVG
-2.43%
CURRENT VS 15Y AVG
-16.82%
CURRENT VS 20Y AVG
-12.55%
SECTOR MEDIAN · INDUSTRIALS
3.25%
median of 465 covered companies
CURRENT VS SECTOR MEDIAN
+115.41%
vs the sector median at left
Taylor Devices, Inc.
Market Cap
$194.08M
Return on Invested Capital (ROIC)
7.00%
TTM Avg
10.82%
3Y Avg
13.09%
5Y Avg
10.84%
Market Cap
$191.47M
Return on Invested Capital (ROIC)
2.41%
TTM Avg
1.60%
3Y Avg
-0.95%
5Y Avg
-0.54%
Market Cap
$203.73M
Return on Invested Capital (ROIC)
-4.56%
TTM Avg
-5.36%
3Y Avg
-10.93%
5Y Avg
-12.53%
Market Cap
$205.34M
Return on Invested Capital (ROIC)
-2.85%
TTM Avg
-2.40%
3Y Avg
-2.50%
5Y Avg
-11.09%
Market Cap
$182.48M
Return on Invested Capital (ROIC)
-24.39%
TTM Avg
-159.21%
3Y Avg
-694.94%
5Y Avg
-473.61%
Market Cap
$211.04M
Return on Invested Capital (ROIC)
9.26%
TTM Avg
8.21%
3Y Avg
8.09%
5Y Avg
6.00%
Market Cap
$175.22M
Return on Invested Capital (ROIC)
-1.42%
TTM Avg
-1.67%
3Y Avg
0.29%
5Y Avg
0.11%
Market Cap
$174.78M
Return on Invested Capital (ROIC)
-14.66%
TTM Avg
-47.03%
3Y Avg
-99.47%
5Y Avg
-88.74%
Market Cap
$216.32M
Return on Invested Capital (ROIC)
8.83%
TTM Avg
20.62%
3Y Avg
9.25%
5Y Avg
-7.12%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Taylor Devices, Inc. (TAYD) | $194.08M | 7.00% | 10.82% | 13.09% | 10.84% |
| Ampco-Pittsburgh Corp. (AP)vs › | $191.47M | 2.41% | 1.60% | -0.95% | -0.54% |
| Microvast Holdings, Inc. (MVST)vs › | $203.73M | -4.56% | -5.36% | -10.93% | -12.53% |
| AIRO Group Holdings, Inc. Common Stock (AIRO)vs › | $205.34M | -2.85% | -2.40% | -2.50% | -11.09% |
| Draganfly Inc. (DPRO)vs › | $182.48M | -24.39% | -159.21% | -694.94% | -473.61% |
| Energy Services of America Corporation (ESOA)vs › | $211.04M | 9.26% | 8.21% | 8.09% | 6.00% |
| Toro Corp. (TORO)vs › | $175.22M | -1.42% | -1.67% | 0.29% | 0.11% |
| Sidus Space, Inc. (SIDU)vs › | $174.78M | -14.66% | -47.03% | -99.47% | -88.74% |
| FreightCar America, Inc. (RAIL)vs › | $216.32M | 8.83% | 20.62% | 9.25% | -7.12% |
| Forrester Research, Inc. (FORR)vs › | $217.90M | -2.26% | 0.56% | 2.28% | 3.37% |
ROIC
7.0%
ROE
9.3%
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) |
|---|---|
| 2026-08-31 | 7.00% |
| 2026-05-31 | 9.44% |
| 2026-02-28 | 12.83% |
| 2025-11-30 | 12.83% |
| 2025-08-31 | 12.02% |
| 2025-05-31 | 12.98% |
| 2025-02-28 | 12.24% |
| 2024-11-30 | 13.91% |
| 2024-08-31 | 15.98% |
| 2024-05-31 | 15.24% |
| 2024-02-29 | 15.57% |
| 2023-11-30 | 12.00% |
| 2023-08-31 | 12.10% |
| 2023-05-31 | 11.39% |
| 2023-02-28 | 11.26% |
| 2022-11-30 | 8.24% |
| 2022-08-31 | 6.79% |
| 2022-05-31 | 5.01% |
| 2022-02-28 | -0.83% |
| 2021-11-30 | -2.33% |
| 2021-08-31 | -5.92% |
| 2021-05-31 | -6.70% |
| 2021-02-28 | -2.02% |
| 2020-11-30 | 2.09% |
| 2020-08-31 | 5.90% |
| 2020-05-31 | 7.15% |
| 2020-02-29 | 7.64% |
| 2019-11-30 | 6.93% |
| 2019-08-31 | 5.63% |
| 2019-05-31 | 6.87% |
| 2019-02-28 | 4.64% |
| 2018-11-30 | 3.40% |
| 2018-08-31 | 2.54% |
| 2018-05-31 | 1.26% |
| 2018-02-28 | 3.43% |
| 2017-11-30 | 4.49% |
| 2017-08-31 | 7.13% |
| 2017-05-31 | 6.93% |
| 2017-02-28 | 7.78% |
| 2016-11-30 | 10.52% |
| 2016-08-31 | 10.84% |
| 2016-05-31 | 13.60% |
| 2016-02-29 | 13.53% |
| 2015-11-30 | 11.31% |
| 2015-08-31 | 10.23% |
| 2015-05-31 | 8.31% |
| 2015-02-28 | 6.70% |
| 2014-11-30 | 6.12% |
| 2014-08-31 | 5.44% |
| 2014-05-31 | 4.72% |
| 2014-02-28 | 5.47% |
| 2013-11-30 | 7.33% |
| 2013-08-31 | 9.55% |
| 2013-05-31 | 11.57% |
| 2013-02-28 | 13.43% |
| 2012-11-30 | 12.39% |
| 2012-08-31 | 10.03% |
| 2012-05-31 | 11.02% |
| 2012-02-29 | 10.51% |
| 2011-11-30 | 10.04% |
| 2011-08-31 | 8.49% |
| 2011-05-31 | 7.37% |
| 2011-02-28 | 6.64% |
| 2010-11-30 | 6.56% |
| 2010-08-31 | 9.13% |
| 2010-05-31 | 10.37% |
| 2010-02-28 | 9.90% |
| 2009-11-30 | 8.11% |
| 2009-08-31 | 5.34% |
| 2009-05-31 | 4.06% |
| 2009-02-28 | 4.31% |
| 2008-11-30 | 6.08% |
| 2008-08-31 | 6.12% |
| 2008-05-31 | 8.70% |
| 2008-02-29 | 7.11% |
| 2007-11-30 | 6.92% |
| 2007-08-31 | 6.74% |
| 2007-05-31 | 5.99% |
| 2007-02-28 | 6.95% |
| 2006-11-30 | 5.00% |
| 2006-08-31 | 4.48% |
| 2006-05-31 | 2.08% |
| 2006-02-28 | 2.10% |
| 2005-11-30 | 1.51% |
| 2005-08-31 | 0.47% |
| 2005-05-31 | 2.48% |
| 2005-02-28 | 2.98% |
| 2004-11-30 | 3.58% |
| 2004-08-31 | 2.51% |
| 2004-05-31 | -0.25% |
| 2004-02-29 | -8.12% |
| 2003-11-30 | -7.45% |
| 2003-08-31 | -1.70% |
