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 14.48% is 25% above its 5-year average of 11.55%, near the high end of its 5-year range (7.17%–15.54%).
As of the fiscal period ended Sunday, June 28, 2026. 26.49% above its 12-month average of 11.45%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-06-28): 14.48%.
RETURN ON INVESTED CAPITAL (ROIC)
14.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
11.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
10.33%
CURRENT VS TTM AVG
+26.49%
CURRENT VS 3Y AVG
+39.19%
CURRENT VS 5Y AVG
+25.38%
CURRENT VS 10Y AVG
+32.19%
CURRENT VS 15Y AVG
+42.29%
CURRENT VS 20Y AVG
+40.20%
SECTOR MEDIAN · INDUSTRIALS
3.25%
median of 465 covered companies
CURRENT VS SECTOR MEDIAN
+345.56%
vs the sector median at left
Tetra Tech, Inc.
Market Cap
$8.66B
Return on Invested Capital (ROIC)
14.48%
TTM Avg
11.45%
3Y Avg
10.40%
5Y Avg
11.55%
Market Cap
$8.61B
Return on Invested Capital (ROIC)
2.48%
TTM Avg
3.29%
3Y Avg
3.48%
5Y Avg
-1.63%
Market Cap
$8.72B
Return on Invested Capital (ROIC)
11.93%
TTM Avg
10.67%
3Y Avg
11.17%
5Y Avg
9.34%
Market Cap
$8.45B
Return on Invested Capital (ROIC)
11.73%
TTM Avg
12.52%
3Y Avg
11.98%
5Y Avg
12.38%
Market Cap
$8.31B
Return on Invested Capital (ROIC)
6.64%
TTM Avg
7.82%
3Y Avg
8.50%
5Y Avg
8.52%
Market Cap
$9.11B
Return on Invested Capital (ROIC)
8.47%
TTM Avg
10.47%
3Y Avg
13.84%
5Y Avg
13.87%
Market Cap
$8.20B
Return on Invested Capital (ROIC)
0.49%
TTM Avg
0.96%
3Y Avg
0.74%
5Y Avg
1.04%
Market Cap
$8.20B
Return on Invested Capital (ROIC)
15.99%
TTM Avg
18.77%
3Y Avg
14.79%
5Y Avg
14.49%
Market Cap
$8.14B
Return on Invested Capital (ROIC)
6.52%
TTM Avg
10.48%
3Y Avg
14.32%
5Y Avg
13.46%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tetra Tech, Inc. (TTEK) | $8.66B | 14.48% | 11.45% | 10.40% | 11.55% |
| American Airlines Group Inc. (AAL)vs › | $8.61B | 2.48% | 3.29% | 3.48% | -1.63% |
| Dycom Industries, Inc. (DY)vs › | $8.72B | 11.93% | 10.67% | 11.17% | 9.34% |
| Pentair plc (PNR)vs › | $8.45B | 11.73% | 12.52% | 11.98% | 12.38% |
| The Timken Company (TKR)vs › | $8.31B | 6.64% | 7.82% | 8.50% | 8.52% |
| Saia, Inc. (SAIA)vs › | $9.11B | 8.47% | 10.47% | 13.84% | 13.87% |
| Kratos Defense & Security Solutions, Inc. (KTOS)vs › | $8.20B | 0.49% | 0.96% | 0.74% | 1.04% |
| Booz Allen Hamilton Holding Corporation (BAH)vs › | $8.20B | 15.99% | 18.77% | 14.79% | 14.49% |
| AGCO Corporation (AGCO)vs › | $8.14B | 6.52% | 10.48% | 14.32% | 13.46% |
| Valmont Industries, Inc. (VMI)vs › | $9.40B | 19.68% | 17.06% | 12.91% | 11.95% |
ROIC
14.5%
ROE
23.5%
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) |
|---|---|
| 2026-06-28 | 14.48% |
| 2026-03-29 | 14.28% |
| 2025-12-28 | 11.88% |
| 2025-09-28 | 8.82% |
| 2025-06-29 | 7.78% |
| 2025-03-30 | 7.17% |
| 2024-12-29 | 9.73% |
| 2024-09-30 | 12.12% |
| 2024-06-30 | 11.28% |
| 2024-03-31 | 10.35% |
| 2023-12-31 | 9.01% |
| 2023-09-30 | 9.35% |
| 2023-07-02 | 9.01% |
| 2023-04-02 | 8.49% |
| 2023-01-01 | 13.69% |
| 2022-09-30 | 14.94% |
| 2022-07-03 | 15.54% |
| 2022-04-03 | 14.79% |
| 2022-01-02 | 14.33% |
| 2021-09-30 | 13.97% |
| 2021-06-27 | 11.85% |
| 2021-03-28 | 11.70% |
| 2020-12-27 | 11.41% |
| 2020-09-30 | 11.46% |
| 2020-06-28 | 9.91% |
| 2020-03-29 | 9.85% |
| 2019-12-29 | 10.69% |
| 2019-09-30 | 12.27% |
| 2019-06-30 | 12.86% |
| 2019-03-31 | 12.63% |
| 2018-12-30 | 10.95% |
| 2018-09-30 | 11.10% |
| 2018-07-01 | 10.31% |
| 2018-04-01 | 9.70% |
| 2017-12-31 | 9.74% |
| 2017-09-30 | 9.12% |
| 2017-07-02 | 9.12% |
| 2017-04-02 | 8.76% |
| 2017-01-01 | 6.90% |
| 2016-09-30 | 6.87% |
| 2016-06-26 | 2.87% |
| 2016-03-27 | 2.99% |
| 2015-12-27 | 4.16% |
| 2015-09-30 | 4.30% |
| 2015-06-28 | 7.90% |
| 2015-03-29 | 8.17% |
| 2014-12-28 | 8.96% |
| 2014-09-30 | 9.02% |
| 2014-06-29 | 8.72% |
| 2014-03-30 | 1.27% |
| 2013-12-29 | 0.91% |
| 2013-09-30 | 0.84% |
| 2013-06-30 | 1.18% |
| 2013-03-31 | 7.75% |
| 2012-12-30 | 8.75% |
| 2012-09-30 | 9.27% |
| 2012-07-01 | 8.91% |
| 2012-04-01 | 9.07% |
| 2012-01-01 | 8.81% |
| 2011-09-30 | 9.10% |
| 2011-07-03 | 8.65% |
| 2011-04-03 | 8.14% |
| 2011-01-02 | 8.05% |
| 2010-09-30 | 8.45% |
| 2010-06-27 | 9.98% |
| 2010-03-28 | 11.78% |
| 2009-12-27 | 12.94% |
| 2009-09-30 | 13.28% |
| 2009-06-28 | 12.99% |
| 2009-03-29 | 10.67% |
| 2008-12-28 | 10.90% |
| 2008-09-30 | 10.94% |
| 2008-06-29 | 10.60% |
| 2008-03-30 | 10.50% |
| 2007-12-30 | 9.93% |
| 2007-09-30 | 9.98% |
| 2007-07-01 | 9.86% |
| 2007-04-01 | 10.48% |
| 2006-12-31 | 9.83% |
| 2006-09-30 | 9.15% |
| 2006-07-02 | 9.45% |
| 2006-04-02 | 9.51% |
| 2006-01-01 | -26.97% |
| 2005-09-30 | -28.67% |
| 2005-07-03 | -35.48% |
| 2005-04-03 | -31.04% |
| 2005-01-02 | 4.11% |
| 2004-09-30 | 5.26% |
| 2004-06-27 | 9.57% |
| 2004-03-28 | 10.93% |
| 2003-12-28 | 11.62% |
| 2003-09-30 | 11.74% |
| 2003-06-29 | 9.29% |
