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 22.75% is in line with its 5-year average of 20.78%, near the high end of its 5-year range (16.56%–24.83%).
As of the fiscal period ended Sunday, May 31, 2026. 2.63% below its 12-month average of 23.37%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-05-31): 22.75%.
RETURN ON INVESTED CAPITAL (ROIC)
22.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
23.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
21.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
20.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
20.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
18.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
17.53%
CURRENT VS TTM AVG
-2.63%
CURRENT VS 3Y AVG
+5.57%
CURRENT VS 5Y AVG
+9.48%
CURRENT VS 10Y AVG
+10.29%
CURRENT VS 15Y AVG
+21.00%
CURRENT VS 20Y AVG
+29.83%
SECTOR MEDIAN · BASIC MATERIALS
8.91%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
+155.23%
vs the sector median at left
WD-40 Company
Market Cap
$2.73B
Return on Invested Capital (ROIC)
22.75%
TTM Avg
23.37%
3Y Avg
21.55%
5Y Avg
20.78%
Market Cap
$2.52B
Return on Invested Capital (ROIC)
11.37%
TTM Avg
2.11%
3Y Avg
2.25%
5Y Avg
2.22%
Market Cap
$3.22B
Return on Invested Capital (ROIC)
16.98%
TTM Avg
18.90%
3Y Avg
16.60%
5Y Avg
14.82%
Market Cap
$2.03B
Return on Invested Capital (ROIC)
-0.28%
TTM Avg
8.39%
3Y Avg
7.69%
5Y Avg
7.19%
Market Cap
$3.56B
Return on Invested Capital (ROIC)
13.10%
TTM Avg
6.05%
3Y Avg
5.91%
5Y Avg
8.76%
Market Cap
$4.26B
Return on Invested Capital (ROIC)
18.02%
TTM Avg
10.21%
3Y Avg
4.78%
5Y Avg
4.76%
Market Cap
$936.96M
Return on Invested Capital (ROIC)
12.29%
TTM Avg
6.91%
3Y Avg
4.54%
5Y Avg
1.50%
Market Cap
$849.75M
Return on Invested Capital (ROIC)
-22.76%
TTM Avg
-45.10%
3Y Avg
-51.52%
5Y Avg
-62.49%
Market Cap
$6.12B
Return on Invested Capital (ROIC)
3.18%
TTM Avg
10.45%
3Y Avg
18.39%
5Y Avg
18.04%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| WD-40 Company (WDFC) | $2.73B | 22.75% | 23.37% | 21.55% | 20.78% |
| Endeavour Silver Corp. (EXK)vs › | $2.52B | 11.37% | 2.11% | 2.25% | 2.22% |
| United States Lime & Minerals, Inc. (USLM)vs › | $3.22B | 16.98% | 18.90% | 16.60% | 14.82% |
| Minerals Technologies Inc. (MTX)vs › | $2.03B | -0.28% | 8.39% | 7.69% | 7.19% |
| Aris Mining Corporation (ARIS)vs › | $3.56B | 13.10% | 6.05% | 5.91% | 8.76% |
| Griffon Corporation (GFF)vs › | $4.26B | 18.02% | 10.21% | 4.78% | 4.76% |
| Avino Silver & Gold Mines Ltd. (ASM)vs › | $936.96M | 12.29% | 6.91% | 4.54% | 1.50% |
| Lightwave Logic, Inc. (LWLG)vs › | $849.75M | -22.76% | -45.10% | -51.52% | -62.49% |
| Builders FirstSource, Inc. (BLDR)vs › | $6.12B | 3.18% | 10.45% | 18.39% | 18.04% |
| The Mosaic Company (MOS)vs › | $6.81B | 0.42% | 2.23% | 7.28% | 6.92% |
ROIC
22.8%
ROE
32.0%
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) |
|---|---|
| 2026-05-31 | 22.75% |
| 2026-02-28 | 20.91% |
| 2025-11-30 | 24.42% |
| 2025-08-31 | 24.83% |
| 2025-05-31 | 23.92% |
| 2025-02-28 | 23.77% |
| 2024-11-30 | 20.54% |
| 2024-08-31 | 20.70% |
| 2024-05-31 | 20.22% |
| 2024-02-29 | 19.91% |
| 2023-11-30 | 20.52% |
| 2023-08-31 | 19.32% |
| 2023-05-31 | 18.38% |
| 2023-02-28 | 16.56% |
| 2022-11-30 | 17.65% |
| 2022-08-31 | 19.28% |
| 2022-05-31 | 18.15% |
| 2022-02-28 | 20.39% |
| 2021-11-30 | 19.78% |
| 2021-08-31 | 20.90% |
| 2021-05-31 | 23.54% |
| 2021-02-28 | 22.71% |
| 2020-11-30 | 22.94% |
| 2020-08-31 | 20.47% |
| 2020-05-31 | 15.15% |
| 2020-02-29 | 19.63% |
| 2019-11-30 | 21.10% |
| 2019-08-31 | 22.88% |
| 2019-05-31 | 26.76% |
| 2019-02-28 | 26.56% |
| 2018-11-30 | 28.09% |
| 2018-08-31 | 26.77% |
| 2018-05-31 | 17.94% |
| 2018-02-28 | 17.01% |
| 2017-11-30 | 16.67% |
| 2017-08-31 | 17.13% |
| 2017-05-31 | 16.99% |
| 2017-02-28 | 17.11% |
| 2016-11-30 | 18.15% |
| 2016-08-31 | 18.36% |
| 2016-05-31 | 17.03% |
| 2016-02-29 | 16.33% |
| 2015-11-30 | 16.01% |
| 2015-08-31 | 15.94% |
| 2015-05-31 | 15.98% |
| 2015-02-28 | 15.67% |
| 2014-11-30 | 15.29% |
| 2014-08-31 | 15.08% |
| 2014-05-31 | 14.35% |
| 2014-02-28 | 14.74% |
| 2013-11-30 | 14.62% |
| 2013-08-31 | 14.77% |
| 2013-05-31 | 14.91% |
| 2013-02-28 | 15.08% |
| 2012-11-30 | 15.51% |
| 2012-08-31 | 14.06% |
| 2012-05-31 | 14.66% |
| 2012-02-29 | 14.33% |
| 2011-11-30 | 14.53% |
| 2011-08-31 | 15.59% |
| 2011-05-31 | 13.73% |
| 2011-02-28 | 14.21% |
| 2010-11-30 | 15.03% |
| 2010-08-31 | 15.50% |
| 2010-05-31 | 16.41% |
| 2010-02-28 | 15.88% |
| 2009-11-30 | 13.09% |
| 2009-08-31 | 12.14% |
| 2009-05-31 | 10.93% |
| 2009-02-28 | 11.81% |
| 2008-11-30 | 13.91% |
| 2008-08-31 | 12.38% |
| 2008-05-31 | 14.29% |
| 2008-02-29 | 14.36% |
| 2007-11-30 | 13.83% |
| 2007-08-31 | 13.65% |
| 2007-05-31 | 12.17% |
| 2007-02-28 | 12.66% |
| 2006-11-30 | 12.26% |
| 2006-08-31 | 12.82% |
| 2006-05-31 | 15.14% |
| 2006-02-28 | 15.58% |
| 2005-11-30 | 15.36% |
| 2005-08-31 | 14.09% |
| 2005-05-31 | 13.99% |
| 2005-02-28 | 13.55% |
| 2004-11-30 | 14.70% |
| 2004-08-31 | 14.69% |
| 2004-05-31 | 15.13% |
| 2004-02-29 | 14.31% |
| 2003-11-30 | 15.63% |
| 2003-08-31 | 16.26% |
| 2003-05-31 | 16.35% |
