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 226; 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 12; 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 851–875 of 906.
| # | Company | Sector | ROIC | Numerator | Operating margin | Market cap |
|---|---|---|---|---|---|---|
| 851 | Omnicom Group (OMC) | Communication Services | 2.2% | Operating income | 2.6% | $22.2B |
| 852 | Monro Inc (MNRO) | Consumer Discretionary | 2.2% | Operating income | 1.7% | $374M |
| 853 | Teleflex (TFX) | Health Care | 2.1% | Operating income | 5.9% | $5.9B |
| 854 | Callaway Golf Company (CALY) | Consumer Discretionary | 2.1% | Operating income | 6.2% | $2.7B |
| 855 | Energy Services of America Corporation (ESOA) | Energy | 2.1% | Operating income | 1.0% | $175M |
| 856 | Diamondback Energy (FANG) | Energy | 2.0% | Operating income | 8.4% | $59.4B |
| 857 | Howard Hughes Holdings (HHH) | Real Estate | 2.0% | Operating income | 22.5% | $4.6B |
| 858 | General Mills (GIS) | Consumer Staples | 2.0% | Operating income | 4.8% | $18.3B |
| 859 | Owens Corning (OC) | Industrials | 2.0% | Operating income | 3.6% | $9.6B |
| 860 | Diodes Incorporated (DIOD) | Information Technology | 1.9% | Operating income | 2.4% | $3.7B |
| 861 | PVH Corp. (PVH) | Consumer Discretionary | 1.8% | Operating income | 2.6% | $4.2B |
| 862 | CCC Intelligent Solutions (CCC) | Information Technology | 1.8% | Operating income | 8.9% | $4.5B |
| 863 | Knight-Swift (KNX) | Industrials | 1.7% | Operating income | 2.9% | $9.9B |
| 864 | Capri Holdings Limited (CPRI) | Consumer Discretionary | 1.7% | Operating income | 0.7% | $1.9B |
| 865 | Dauch Corporation (DCH) | Consumer Discretionary | 1.7% | Operating income | 1.9% | $1.1B |
| 866 | PagerDuty Inc (PD) | Information Technology | 1.7% | Operating income | 1.2% | $1.3B |
| 867 | Harmonic Inc (HLIT) | Information Technology | 1.7% | Operating income | 3.9% | $1.1B |
| 868 | LGI Homes Inc (LGIH) | Consumer Discretionary | 1.6% | Operating income | 4.7% | $1.0B |
| 869 | Acacia Research Corporation (Acacia Tech) (ACTG) | Financials | 1.5% | Operating income | 2.2% | $423M |
| 870 | Safehold Inc. New (SAFE) | Real Estate | 1.4% | Operating income | 26.2% | $800M |
| 871 | CarMax (KMX) | Consumer Discretionary | 1.4% | EBIT = pre-tax income + interest (no operating income tagged) | n/a | $7.9B |
| 872 | Quaker Houghton (KWR) | Materials | 1.4% | Operating income | 2.8% | $2.6B |
| 873 | PDF Solutions Inc (PDFS) | Information Technology | 1.3% | Operating income | 0.2% | $1.7B |
| 874 | LifeStance Health Group Inc (LFST) | Health Care | 1.2% | Operating income | 1.7% | $5.1B |
| 875 | Vishay Intertechnology Inc (VSH) | Information Technology | 1.2% | Operating income | 1.9% | $4.1B |
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.