Highest return-on-invested-capital companies
Companies ranked by return on invested capital (ROIC), computed from each company’s own latest 10-K: NOPAT (operating income × (1 − the year’s effective tax rate, bounded 0–50%)) divided by invested capital (total debt, leases excluded, + stockholders’ equity − cash), averaged over the fiscal year’s opening and closing balance sheets. Where the 10-K tags no operating income, the numerator is EBIT = pre-tax income + interest expense, and the Numerator column says so for that row. A company whose filing does not support the calculation — neither operating income nor interest tagged, a pre-tax loss, debt reported only together with finance leases, a bank or insurer — gets no ROIC rather than an estimate. A company whose cash offsets more than 80% of its debt and equity (invested capital under 20% of debt plus equity) gets no ROIC either, because the ratio would divide by a small residual.
2216 companies have no ROIC from their filings and are left out: pre-tax loss 828; bank or insurer 468; no debt line tagged 225; no pre-tax income tagged 195; debt filed only with finance leases 120; no operating income tagged 84; debt under a line we do not read 76; negative or zero equity 60; no operating income or interest tagged 49; not a US-GAAP filer 47; interest implies unread debt 25; fiscal year over 18 months old 13; invested capital not positive 7; cash offsets most of its capital 7; no cash tagged 7; no tax expense tagged 3; no fiscal-year-end balance sheet 2.
Ranked by ROIC: companies 751–775 of 906.
| # | Company | Sector | ROIC | Numerator | Operating margin | Market cap |
|---|---|---|---|---|---|---|
| 751 | W. P. Carey (WPC) | Real Estate | 4.5% | EBIT = pre-tax income + interest (no operating income tagged) | n/a | $14.8B |
| 752 | Hillman Solutions Corp (HLMN) | Industrials | 4.4% | Operating income | 7.3% | $1.5B |
| 753 | Ooma Inc (OOMA) | Information Technology | 4.3% | Operating income | n/a | $550M |
| 754 | Superior Group of Companies Inc (SGC) | Consumer Discretionary | 4.3% | EBIT = pre-tax income + interest (no operating income tagged) | n/a | $196M |
| 755 | Xenia Hotels Resorts REIT Inc (XHR) | Real Estate | 4.3% | Operating income | 10.0% | $1.9B |
| 756 | Cooper Companies (The) (COO) | Health Care | 4.3% | Operating income | 16.7% | $11.3B |
| 757 | Astrana Health Inc (ASTH) | Health Care | 4.3% | Operating income | 2.5% | $2.0B |
| 758 | HighPeak Energy Inc (HPK) | Energy | 4.2% | Operating income | 17.4% | $1.3B |
| 759 | Re Max Holdings Inc Class A (RMAX) | Real Estate | 4.2% | Operating income | 16.1% | $517M |
| 760 | Mohawk Industries (MHK) | Consumer Discretionary | 4.2% | Operating income | 4.5% | $9.4B |
| 761 | Seaboard Corporation (SEB) | Consumer Staples | 4.1% | Operating income | 2.5% | $3.7B |
| 762 | Latham Group Inc (SWIM) | Consumer Discretionary | 4.1% | Operating income | 5.6% | $860M |
| 763 | Concrete Pumping Holdings Inc (BBCP) | Industrials | 4.1% | Operating income | 10.6% | $516M |
| 764 | Smurfit Westrock (SW) | Materials | 4.1% | Operating income | 5.5% | $22.6B |
| 765 | Universal Corporation (UVV) | Consumer Staples | 4.1% | Operating income | 5.8% | $1.0B |
| 766 | Angi Inc Class A (ANGI) | Communication Services | 4.0% | Operating income | 6.3% | $243M |
| 767 | Avient Corporation (AVNT) | Materials | 4.0% | Operating income | 6.2% | $3.9B |
| 768 | Kimco Realty (KIM) | Real Estate | 4.0% | Operating income | 36.0% | $16.3B |
| 769 | Cars.com Inc (CARS) | Communication Services | 4.0% | Operating income | 8.3% | $602M |
| 770 | AMC Global Media Inc Class A (AMCX) | Communication Services | 4.0% | Operating income | 5.8% | $325M |
| 771 | Artivion Inc (AORT) | Health Care | 3.9% | Operating income | 7.6% | $1.1B |
| 772 | Infinity Natural Resources Inc CLA (INR) | Energy | 3.9% | Operating income | 3.3% | $924M |
| 773 | Granite Ridge Resources Inc (GRNT) | Energy | 3.9% | Operating income | 10.3% | $756M |
| 774 | National Vision Holdings Inc (EYE) | Consumer Discretionary | 3.9% | Operating income | 3.0% | $1.3B |
| 775 | Global Payments (GPN) | Financials | 3.9% | Operating income | 22.8% | $25.6B |
Find more highest return-on-invested-capital companies like these →
Data: SEC EDGAR (filings) + market data (fundamentals, delayed daily-close). Every figure is shown with its as-of date on the company page; a company with no data for this metric is excluded from the ranking, never estimated.
Last updated 2026-10-30 — rankings shift as the underlying data refreshes.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.