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 8.25% is 20% above its 5-year average of 6.88%, near the high end of its 5-year range (5.37%–8.29%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.67% above its 12-month average of 7.96%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
8.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.66%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.86%
CURRENT VS TTM AVG
+3.67%
CURRENT VS 3Y AVG
+9.52%
CURRENT VS 5Y AVG
+19.80%
CURRENT VS 10Y AVG
+22.16%
CURRENT VS 15Y AVG
+45.85%
CURRENT VS 20Y AVG
+69.69%
SECTOR MEDIAN · BASIC MATERIALS
8.91%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
-7.48%
vs the sector median at left
Vulcan Materials Company
Market Cap
$32.59B
Return on Invested Capital (ROIC)
8.25%
TTM Avg
7.96%
3Y Avg
7.53%
5Y Avg
6.88%
Market Cap
$33.65B
Return on Invested Capital (ROIC)
5.63%
TTM Avg
1.37%
3Y Avg
3.09%
5Y Avg
2.95%
Market Cap
$30.74B
Return on Invested Capital (ROIC)
5.50%
TTM Avg
9.46%
3Y Avg
8.63%
5Y Avg
8.08%
Market Cap
$34.90B
Return on Invested Capital (ROIC)
10.79%
TTM Avg
9.84%
3Y Avg
17.63%
5Y Avg
18.48%
Market Cap
$38.81B
Return on Invested Capital (ROIC)
7.19%
TTM Avg
5.54%
3Y Avg
8.96%
5Y Avg
7.89%
Market Cap
$24.16B
Return on Invested Capital (ROIC)
8.84%
TTM Avg
10.23%
3Y Avg
9.31%
5Y Avg
9.08%
Market Cap
$22.81B
Return on Invested Capital (ROIC)
17.08%
TTM Avg
15.53%
3Y Avg
11.28%
5Y Avg
5.80%
Market Cap
$22.32B
Return on Invested Capital (ROIC)
8.58%
TTM Avg
7.97%
3Y Avg
7.75%
5Y Avg
8.08%
Market Cap
$21.70B
Return on Invested Capital (ROIC)
6.05%
TTM Avg
9.68%
3Y Avg
3.70%
5Y Avg
5.46%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Vulcan Materials Company (VMC) | $32.59B | 8.25% | 7.96% | 7.53% | 6.88% |
| Teck Resources Limited (TECK)vs › | $33.65B | 5.63% | 1.37% | 3.09% | 2.95% |
| Martin Marietta Materials, Inc. (MLM)vs › | $30.74B | 5.50% | 9.46% | 8.63% | 8.08% |
| Steel Dynamics, Inc. (STLD)vs › | $34.90B | 10.79% | 9.84% | 17.63% | 18.48% |
| Nutrien Ltd. (NTR)vs › | $38.81B | 7.19% | 5.54% | 8.96% | 7.89% |
| PPG Industries, Inc. (PPG)vs › | $24.16B | 8.84% | 10.23% | 9.31% | 9.08% |
| Carpenter Technology Corporation (CRS)vs › | $22.81B | 17.08% | 15.53% | 11.28% | 5.80% |
| Royal Gold, Inc. (RGLD)vs › | $22.32B | 8.58% | 7.97% | 7.75% | 8.08% |
| Coeur Mining, Inc. (CDE)vs › | $21.70B | 6.05% | 9.68% | 3.70% | 5.46% |
| Sociedad Química y Minera de Chile S.A. (SQM)vs › | $21.66B | 11.60% | 5.67% | 19.63% | 15.64% |
ROIC
8.2%
ROE
13.2%
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 | 8.25% |
| 2026-03-31 | 8.29% |
| 2025-12-31 | 8.02% |
| 2025-09-30 | 8.20% |
| 2025-06-30 | 7.02% |
| 2025-03-31 | 7.01% |
| 2024-12-31 | 6.59% |
| 2024-09-30 | 7.19% |
| 2024-06-30 | 7.82% |
| 2024-03-31 | 8.00% |
| 2023-12-31 | 7.89% |
| 2023-09-30 | 7.17% |
| 2023-06-30 | 6.46% |
| 2023-03-31 | 5.70% |
| 2022-12-31 | 5.37% |
| 2022-09-30 | 5.43% |
| 2022-06-30 | 5.48% |
| 2022-03-31 | 5.51% |
| 2021-12-31 | 6.03% |
| 2021-09-30 | 5.98% |
| 2021-06-30 | 7.17% |
| 2021-03-31 | 7.39% |
| 2020-12-31 | 6.35% |
| 2020-09-30 | 6.47% |
| 2020-06-30 | 6.75% |
| 2020-03-31 | 7.14% |
| 2019-12-31 | 7.13% |
| 2019-09-30 | 7.05% |
| 2019-06-30 | 6.68% |
| 2019-03-31 | 6.39% |
| 2018-12-31 | 6.63% |
| 2018-09-30 | 7.58% |
| 2018-06-30 | 7.35% |
| 2018-03-31 | 7.19% |
| 2017-12-31 | 7.04% |
| 2017-09-30 | 5.62% |
| 2017-06-30 | 5.33% |
| 2017-03-31 | 6.17% |
| 2016-12-31 | 6.11% |
| 2016-09-30 | 5.99% |
| 2016-06-30 | 5.89% |
| 2016-03-31 | 5.43% |
| 2015-12-31 | 4.91% |
| 2015-09-30 | 4.31% |
| 2015-06-30 | 3.50% |
| 2015-03-31 | 3.00% |
| 2014-12-31 | 4.81% |
| 2014-09-30 | 4.59% |
| 2014-06-30 | 4.51% |
| 2014-03-31 | 4.54% |
| 2013-12-31 | 2.39% |
| 2013-09-30 | 2.42% |
| 2013-06-30 | 1.89% |
| 2013-03-31 | 1.05% |
| 2012-12-31 | 1.08% |
| 2012-09-30 | 0.30% |
| 2012-06-30 | 0.95% |
| 2012-03-31 | 0.99% |
| 2011-12-31 | 0.80% |
| 2011-09-30 | 0.49% |
| 2011-06-30 | -0.21% |
| 2011-03-31 | -0.49% |
| 2010-12-31 | -0.18% |
| 2010-09-30 | 0.20% |
| 2010-06-30 | 0.59% |
| 2010-03-31 | 1.38% |
| 2009-12-31 | 1.79% |
| 2009-09-30 | -0.44% |
| 2009-06-30 | 0.10% |
| 2009-03-31 | 1.17% |
| 2008-12-31 | 1.58% |
| 2008-09-30 | 4.72% |
| 2008-06-30 | 5.34% |
| 2008-03-31 | 5.19% |
| 2007-12-31 | 5.81% |
| 2007-09-30 | 14.82% |
| 2007-06-30 | 14.74% |
| 2007-03-31 | 15.16% |
| 2006-12-31 | 15.05% |
| 2006-09-30 | 14.75% |
| 2006-06-30 | 14.08% |
| 2006-03-31 | 12.88% |
| 2005-12-31 | 11.02% |
| 2005-09-30 | 13.35% |
| 2005-06-30 | 12.44% |
| 2005-03-31 | 12.17% |
| 2004-12-31 | 12.17% |
| 2004-09-30 | 8.68% |
| 2004-06-30 | 9.19% |
| 2004-03-31 | 8.32% |
| 2003-12-31 | 7.92% |
| 2003-09-30 | 6.78% |
| 2003-06-30 | 6.40% |
