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 11.65% is in line with its 5-year average of 11.73%, around the middle of its 5-year range (11.09%–12.56%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.68% below its 12-month average of 11.73%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 11.65%.
RETURN ON INVESTED CAPITAL (ROIC)
11.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
11.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
11.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.68%
CURRENT VS TTM AVG
-0.68%
CURRENT VS 3Y AVG
+1.17%
CURRENT VS 5Y AVG
-0.69%
CURRENT VS 10Y AVG
+1.72%
CURRENT VS 15Y AVG
+9.76%
CURRENT VS 20Y AVG
+20.32%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+21.94%
vs the sector median at left
Union Pacific Corporation
Market Cap
$169.33B
Return on Invested Capital (ROIC)
11.65%
TTM Avg
11.73%
3Y Avg
11.52%
5Y Avg
11.73%
Market Cap
$173.38B
Return on Invested Capital (ROIC)
16.45%
TTM Avg
15.14%
3Y Avg
13.99%
5Y Avg
12.86%
Market Cap
$163.26B
Return on Invested Capital (ROIC)
-7.72%
TTM Avg
-12.31%
3Y Avg
-8.28%
5Y Avg
-9.55%
Market Cap
$160.92B
Return on Invested Capital (ROIC)
15.14%
TTM Avg
14.94%
3Y Avg
11.63%
5Y Avg
6.26%
Market Cap
$158.61B
Return on Invested Capital (ROIC)
9.09%
TTM Avg
13.05%
3Y Avg
11.55%
5Y Avg
10.10%
Market Cap
$182.23B
Return on Invested Capital (ROIC)
7.20%
TTM Avg
7.16%
3Y Avg
9.76%
5Y Avg
9.33%
Market Cap
$154.49B
Return on Invested Capital (ROIC)
12.41%
TTM Avg
17.58%
3Y Avg
13.72%
5Y Avg
9.91%
Market Cap
$187.96B
Return on Invested Capital (ROIC)
10.96%
TTM Avg
10.36%
3Y Avg
10.24%
5Y Avg
9.45%
Market Cap
$140.68B
Return on Invested Capital (ROIC)
14.46%
TTM Avg
9.09%
3Y Avg
-0.69%
5Y Avg
-2.26%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Union Pacific Corporation (UNP) | $169.33B | 11.65% | 11.73% | 11.52% | 11.73% |
| ABB Ltd (ABBNY)vs › | $173.38B | 16.45% | 15.14% | 13.99% | 12.86% |
| The Boeing Company (BA)vs › | $163.26B | -7.72% | -12.31% | -8.28% | -9.55% |
| Rolls-Royce Holdings plc (RYCEY)vs › | $160.92B | 15.14% | 14.94% | 11.63% | 6.26% |
| Eaton Corporation plc (ETN)vs › | $158.61B | 9.09% | 13.05% | 11.55% | 10.10% |
| Deere & Company (DE)vs › | $182.23B | 7.20% | 7.16% | 9.76% | 9.33% |
| Safran S.A. (SAFRY)vs › | $154.49B | 12.41% | 17.58% | 13.72% | 9.91% |
| Schneider Electric S.E. (SBGSY)vs › | $187.96B | 10.96% | 10.36% | 10.24% | 9.45% |
| Siemens Energy AG (SMEGF)vs › | $140.68B | 14.46% | 9.09% | -0.69% | -2.26% |
| Lockheed Martin Corporation (LMT)vs › | $121.80B | 20.07% | 16.86% | 18.35% | 18.91% |
ROIC
11.7%
ROE
35.5%
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) |
|---|---|
| 2026-06-30 | 11.65% |
| 2026-03-31 | 11.65% |
| 2025-12-31 | 11.56% |
| 2025-09-30 | 11.97% |
| 2025-06-30 | 11.83% |
| 2025-03-31 | 11.53% |
| 2024-12-31 | 11.65% |
| 2024-09-30 | 11.45% |
| 2024-06-30 | 11.17% |
| 2024-03-31 | 11.20% |
| 2023-12-31 | 11.09% |
| 2023-09-30 | 11.18% |
| 2023-06-30 | 11.79% |
| 2023-03-31 | 12.13% |
| 2022-12-31 | 12.42% |
| 2022-09-30 | 12.56% |
| 2022-06-30 | 12.38% |
| 2022-03-31 | 12.45% |
| 2021-12-31 | 11.99% |
| 2021-09-30 | 11.60% |
| 2021-06-30 | 11.13% |
| 2021-03-31 | 10.05% |
| 2020-12-31 | 10.14% |
| 2020-09-30 | 9.91% |
| 2020-06-30 | 10.28% |
| 2020-03-31 | 11.27% |
| 2019-12-31 | 11.16% |
| 2019-09-30 | 11.34% |
| 2019-06-30 | 11.47% |
| 2019-03-31 | 11.35% |
| 2018-12-31 | 11.72% |
| 2018-09-30 | 15.21% |
| 2018-06-30 | 14.88% |
| 2018-03-31 | 14.94% |
| 2017-12-31 | 14.75% |
| 2017-09-30 | 8.87% |
| 2017-06-30 | 9.04% |
| 2017-03-31 | 8.78% |
| 2016-12-31 | 8.61% |
| 2016-09-30 | 8.46% |
| 2016-06-30 | 8.82% |
| 2016-03-31 | 9.16% |
| 2015-12-31 | 9.65% |
| 2015-09-30 | 10.43% |
| 2015-06-30 | 10.47% |
| 2015-03-31 | 10.99% |
| 2014-12-31 | 11.08% |
| 2014-09-30 | 10.54% |
| 2014-06-30 | 10.28% |
| 2014-03-31 | 10.08% |
| 2013-12-31 | 9.94% |
| 2013-09-30 | 9.77% |
| 2013-06-30 | 9.55% |
| 2013-03-31 | 9.41% |
| 2012-12-31 | 9.52% |
| 2012-09-30 | 9.43% |
| 2012-06-30 | 9.28% |
| 2012-03-31 | 9.00% |
| 2011-12-31 | 8.53% |
| 2011-09-30 | 8.15% |
| 2011-06-30 | 8.03% |
| 2011-03-31 | 7.91% |
| 2010-12-31 | 7.74% |
| 2010-09-30 | 7.15% |
| 2010-06-30 | 6.65% |
| 2010-03-31 | 5.82% |
| 2009-12-31 | 5.43% |
| 2009-09-30 | 5.75% |
| 2009-06-30 | 6.20% |
| 2009-03-31 | 6.74% |
| 2008-12-31 | 7.01% |
| 2008-09-30 | 6.65% |
| 2008-06-30 | 6.25% |
| 2008-03-31 | 6.01% |
| 2007-12-31 | 5.92% |
| 2007-09-30 | 5.90% |
| 2007-06-30 | 5.69% |
| 2007-03-31 | 5.61% |
| 2006-12-31 | 5.43% |
| 2006-09-30 | 4.89% |
| 2006-06-30 | 4.82% |
| 2006-03-31 | 4.43% |
| 2005-12-31 | 3.90% |
| 2005-09-30 | 3.42% |
| 2005-06-30 | 2.83% |
| 2005-03-31 | 2.65% |
| 2004-12-31 | 2.84% |
| 2004-09-30 | 3.58% |
| 2004-06-30 | 3.95% |
| 2004-03-31 | 4.45% |
| 2003-12-31 | 4.48% |
| 2003-09-30 | 4.51% |
| 2003-06-30 | 4.70% |