Basis: Latest reported fiscal year. 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 20.26% is 34% above its 5-year average of 15.16%, near the high end of its 5-year range (8.08%–20.26%).
As of the fiscal period ended Wednesday, December 31, 2025. 2.69% above its 12-month average of 19.73%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
20.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
19.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
17.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
15.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
12.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.47%
CURRENT VS TTM AVG
+2.69%
CURRENT VS 3Y AVG
+14.41%
CURRENT VS 5Y AVG
+33.63%
CURRENT VS 10Y AVG
+65.40%
CURRENT VS 15Y AVG
+93.29%
CURRENT VS 20Y AVG
+113.87%
SECTOR MEDIAN · INDUSTRIALS
9.21%
median of 131 covered companies
CURRENT VS SECTOR MEDIAN
+119.98%
vs the sector median at left
Trane Technologies plc
Market Cap
$106.12B
Return on Invested Capital (ROIC)
20.26%
TTM Avg
19.73%
3Y Avg
17.71%
5Y Avg
15.16%
Market Cap
$106.07B
Return on Invested Capital (ROIC)
10.58%
TTM Avg
10.30%
3Y Avg
9.74%
5Y Avg
9.56%
Market Cap
$104.87B
Return on Invested Capital (ROIC)
18.55%
TTM Avg
16.59%
3Y Avg
12.18%
5Y Avg
10.40%
Market Cap
$101.01B
Return on Invested Capital (ROIC)
7.07%
TTM Avg
7.53%
3Y Avg
7.36%
5Y Avg
7.14%
Market Cap
$112.78B
Return on Invested Capital (ROIC)
18.19%
TTM Avg
16.84%
3Y Avg
13.44%
5Y Avg
11.63%
Market Cap
$94.32B
Return on Invested Capital (ROIC)
11.53%
TTM Avg
12.46%
3Y Avg
10.54%
5Y Avg
11.94%
Market Cap
$93.12B
Return on Invested Capital (ROIC)
8.40%
TTM Avg
9.30%
3Y Avg
10.17%
5Y Avg
9.93%
Market Cap
$91.01B
Return on Invested Capital (ROIC)
8.88%
TTM Avg
8.59%
3Y Avg
9.20%
5Y Avg
8.88%
Market Cap
$88.90B
Return on Invested Capital (ROIC)
11.41%
TTM Avg
12.55%
3Y Avg
9.89%
5Y Avg
10.37%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Trane Technologies plc (TT) | $106.12B | 20.26% | 19.73% | 17.71% | 15.16% |
| General Dynamics Corporation (GD)vs › | $106.07B | 10.58% | 10.30% | 9.74% | 9.56% |
| Vertiv Holdings Co (VRT)vs › | $104.87B | 18.55% | 16.59% | 12.18% | 10.40% |
| Quanta Services, Inc. (PWR)vs › | $101.01B | 7.07% | 7.53% | 7.36% | 7.14% |
| Howmet Aerospace Inc. (HWM)vs › | $112.78B | 18.19% | 16.84% | 13.44% | 11.63% |
| 3M Company (MMM)vs › | $94.32B | 11.53% | 12.46% | 10.54% | 11.94% |
| CSX Corporation (CSX)vs › | $93.12B | 8.40% | 9.30% | 10.17% | 9.93% |
| Waste Management, Inc. (WM)vs › | $91.01B | 8.88% | 8.59% | 9.20% | 8.88% |
| Cummins Inc. (CMI)vs › | $88.90B | 11.41% | 12.55% | 9.89% | 10.37% |
| United Parcel Service, Inc. (UPS)vs › | $88.76B | 10.40% | 11.21% | 13.32% | 13.95% |
ROIC
20.3%
ROE
34.1%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 20.26% |
| 2024-12-31 | 19.20% |
| 2023-12-31 | 16.49% |
| 2022-12-31 | 14.88% |
| 2021-12-31 | 12.06% |
| 2020-12-31 | 8.08% |
| 2019-12-31 | 8.51% |
| 2018-12-31 | 8.82% |
| 2017-12-31 | 10.87% |
| 2016-12-31 | 9.49% |
| 2015-12-31 | 6.08% |
| 2014-12-31 | 7.53% |
| 2013-12-31 | 5.84% |
| 2012-12-31 | 6.69% |
| 2011-12-31 | 6.86% |
| 2010-12-31 | 6.05% |
| 2009-12-31 | 4.27% |
| 2008-12-31 | 6.39% |
| 2007-12-31 | 6.96% |
| 2006-12-31 | 12.35% |
| 2005-12-31 | 12.04% |
| 2004-12-31 | 10.52% |
| 2003-12-31 | 8.93% |
| 2002-12-31 | 7.46% |
| 2001-12-31 | 4.90% |
| 2000-12-31 | 7.30% |
| 1999-12-31 | 9.76% |
| 1998-12-31 | 9.10% |
| 1997-12-31 | 6.40% |
| 1996-12-31 | 9.58% |
