| Industry Name | Number of firms | Unadjusted pre-tax ROIC | Lease Adjusted pre-tax ROIC | Lease & R&D adjusted pre-tax ROIC | Unadjusted after-tax ROIC | Lease Adjusted after-tax ROIC | Lease & R&D adjusted after-tax ROIC | Normalized ROIC (last 10 years) |
| Advertising | 41 | -586.76% | 75.81% | 75.68% | -556.86% | 71.95% | 71.83% | 71.86% |
| Aerospace/Defense | 96 | 73.85% | 55.41% | 35.60% | 65.83% | 49.39% | 31.88% | 44.49% |
| Air Transport | 18 | 46.55% | 23.27% | 23.18% | 35.85% | 17.92% | 17.86% | 12.33% |
| Apparel | 58 | 25.40% | 16.72% | 16.63% | 22.61% | 14.89% | 14.81% | 21.91% |
| Auto & Truck | 15 | 53.28% | 7.53% | 6.38% | 48.94% | 6.92% | 5.87% | 1.58% |
| Auto Parts | 63 | 32.76% | 29.25% | 23.62% | 29.35% | 26.21% | 21.28% | 15.36% |
| Bank (Money Center) | 10 | 0.00% | -0.02% | -0.02% | 0.00% | -0.01% | -0.01% | 0.00% |
| Banks (Regional) | 645 | 0.00% | -0.03% | -0.03% | 0.00% | -0.03% | -0.03% | 0.00% |
| Beverage (Alcoholic) | 25 | 22.80% | 20.12% | 20.12% | 20.32% | 17.93% | 17.93% | 14.81% |
| Beverage (Soft) | 36 | 39.90% | 27.63% | 26.89% | 37.56% | 26.01% | 25.31% | 33.50% |
| Broadcasting | 30 | 27.96% | 23.97% | 23.94% | 22.77% | 19.53% | 19.50% | 19.43% |
| Brokerage & Investment Banking | 45 | 0.07% | -0.01% | -0.01% | 0.06% | -0.01% | -0.01% | 0.03% |
| Building Materials | 41 | 27.89% | 25.27% | 23.99% | 21.36% | 19.36% | 18.39% | 18.00% |
| Business & Consumer Services | 165 | 39.84% | 27.87% | 27.28% | 34.82% | 24.36% | 23.85% | 25.58% |
| Cable TV | 14 | 20.31% | 18.44% | 18.39% | 16.19% | 14.70% | 14.66% | 9.86% |
| Chemical (Basic) | 45 | 19.34% | 16.65% | 16.09% | 17.85% | 15.37% | 14.85% | 9.42% |
| Chemical (Diversified) | 8 | 24.35% | 20.32% | 16.74% | 22.74% | 18.98% | 15.62% | 17.63% |
| Chemical (Specialty) | 100 | 24.69% | 21.63% | 18.97% | 22.33% | 19.55% | 17.15% | 23.88% |
| Coal & Related Energy | 38 | -10.12% | -8.22% | -8.07% | -10.07% | -8.18% | -8.03% | 9.65% |
| Computer Services | 117 | 74.29% | 44.75% | 33.33% | 65.99% | 39.75% | 29.66% | 45.35% |
| Computers/Peripherals | 55 | 37.29% | 32.54% | 25.82% | 35.17% | 30.69% | 24.35% | 37.44% |
| Construction Supplies | 51 | 25.31% | 13.37% | 11.64% | 20.65% | 10.90% | 9.45% | 15.99% |
| Diversified | 24 | 11.10% | 9.59% | 9.13% | 9.82% | 8.48% | 8.08% | 10.54% |
| Drugs (Biotechnology) | 426 | 28.47% | 24.92% | 15.53% | 28.06% | 24.56% | 15.33% | 12.93% |
| Drugs (Pharmaceutical) | 164 | 29.64% | 25.85% | 16.97% | 28.88% | 25.19% | 16.55% | 31.05% |
| Education | 36 | 23.46% | 13.65% | 13.24% | 21.28% | 12.38% | 12.03% | 41.77% |
| Electrical Equipment | 119 | 35.75% | 27.67% | 23.01% | 33.65% | 26.04% | 21.63% | 34.95% |
| Electronics (Consumer & Office) | 24 | 9.10% | 6.54% | 5.93% | 8.75% | 6.30% | 5.79% | 17.43% |
| Electronics (General) | 164 | 15.58% | 14.51% | 11.74% | 14.20% | 13.23% | 10.74% | 15.61% |
| Engineering/Construction | 48 | 22.97% | 18.28% | 18.21% | 19.49% | 15.51% | 15.45% | 27.77% |
| Entertainment | 79 | 45.59% | 35.11% | 35.08% | 43.08% | 33.18% | 33.15% | 23.45% |
| Environmental & Waste Services | 89 | 24.56% | 21.69% | 21.58% | 23.32% | 20.59% | 20.48% | 21.56% |
| Farming/Agriculture | 37 | 12.59% | 7.79% | 7.30% | 11.60% | 7.18% | 6.73% | 12.51% |
| Financial Svcs. (Non-bank & Insurance) | 258 | 0.28% | 0.26% | 0.26% | 0.22% | 0.21% | 0.21% | 0.19% |
| Food Processing | 87 | 27.58% | 23.57% | 22.79% | 23.53% | 20.12% | 19.45% | 19.55% |
| Food Wholesalers | 16 | 24.87% | 22.77% | 22.77% | 21.94% | 20.09% | 20.09% | 22.23% |
| Furn/Home Furnishings | 30 | 32.28% | 23.55% | 21.22% | 27.57% | 20.12% | 18.14% | 15.93% |
| Green & Renewable Energy | 25 | 7.12% | 3.95% | 3.95% | 6.82% | 3.78% | 3.78% | 0.70% |
| Healthcare Products | 254 | 24.57% | 21.90% | 17.53% | 23.07% | 20.56% | 16.50% | 25.59% |
| Healthcare Support Services | 121 | 72.53% | 49.91% | 48.81% | 62.15% | 42.77% | 41.84% | 46.03% |
| Heathcare Information and Technology | 125 | 24.64% | 21.00% | 16.84% | 23.08% | 19.67% | 15.81% | 17.20% |
| Homebuilding | 33 | 14.07% | 11.97% | 11.97% | 10.23% | 8.71% | 8.71% | 3.85% |
| Hospitals/Healthcare Facilities | 38 | 21.88% | 15.28% | 15.28% | 19.24% | 13.44% | 13.44% | 14.14% |
| Hotel/Gaming | 69 | 14.43% | 12.12% | 12.07% | 12.81% | 10.76% | 10.71% | 9.63% |
| Household Products | 129 | 56.13% | 38.64% | 34.14% | 51.04% | 35.14% | 31.04% | 37.03% |
| Information Services | 64 | 67.27% | 47.70% | 43.50% | 56.25% | 39.89% | 36.41% | 22.44% |
| Insurance (General) | 19 | 5.61% | 5.35% | 5.35% | 4.58% | 4.37% | 4.37% | 7.28% |
| Insurance (Life) | 22 | 12.38% | 9.43% | 9.43% | 9.54% | 7.27% | 7.27% | 8.88% |
| Insurance (Prop/Cas.) | 50 | 12.57% | 12.05% | 12.05% | 9.77% | 9.36% | 9.36% | 11.38% |
| Investments & Asset Management | 156 | 10.01% | 6.35% | 6.34% | 9.24% | 5.86% | 5.85% | 6.81% |
| Machinery | 127 | 36.57% | 31.27% | 27.03% | 32.28% | 27.61% | 23.85% | 29.24% |
| Metals & Mining | 97 | 3.92% | 3.85% | 3.77% | 3.88% | 3.81% | 3.73% | 27.49% |
| Office Equipment & Services | 24 | 39.04% | 30.85% | 27.25% | 32.53% | 25.70% | 22.72% | 25.81% |
| Oil/Gas (Integrated) | 7 | -2.68% | -2.24% | -2.22% | -2.65% | -2.21% | -2.19% | 24.16% |
| Oil/Gas (Production and Exploration) | 330 | -7.92% | -7.20% | -7.20% | -7.89% | -7.18% | -7.17% | 16.42% |
| Oil/Gas Distribution | 78 | 8.25% | 7.60% | 7.60% | 8.01% | 7.37% | 7.37% | 5.21% |
| Oilfield Svcs/Equip. | 148 | 4.97% | 4.80% | 4.57% | 4.76% | 4.61% | 4.38% | 17.06% |
| Packaging & Container | 26 | 22.34% | 20.06% | 19.51% | 16.88% | 15.15% | 14.74% | 17.50% |
| Paper/Forest Products | 23 | 9.53% | 8.66% | 8.62% | 8.15% | 7.41% | 7.37% | 8.59% |
| Power | 68 | 10.37% | 9.09% | 9.06% | 8.37% | 7.34% | 7.32% | 9.60% |
| Precious Metals | 109 | 6.83% | 6.59% | 6.54% | 6.71% | 6.47% | 6.43% | 11.75% |
| Publishing & Newspapers | 37 | 20.06% | 15.92% | 15.68% | 17.19% | 13.64% | 13.42% | 15.61% |
| R.E.I.T. | 238 | 4.49% | 3.06% | 3.06% | 4.41% | 3.01% | 3.01% | 2.89% |
| Real Estate (Development) | 18 | 2.19% | 1.61% | 1.61% | 2.14% | 1.58% | 1.58% | -0.02% |
| Real Estate (General/Diversified) | 11 | 6.32% | 6.06% | 6.06% | 5.35% | 5.13% | 5.13% | 3.90% |
| Real Estate (Operations & Services) | 54 | 17.98% | 12.30% | 12.30% | 16.40% | 11.22% | 11.22% | 9.71% |
| Recreation | 66 | 25.51% | 21.14% | 18.91% | 22.14% | 18.35% | 16.44% | 16.90% |
| Reinsurance | 3 | 11.85% | 11.34% | 11.34% | 9.56% | 9.15% | 9.15% | 3.46% |
| Restaurant/Dining | 86 | 38.46% | 19.04% | 19.01% | 32.12% | 15.90% | 15.88% | 22.11% |
| Retail (Automotive) | 25 | 30.76% | 14.17% | 14.17% | 23.81% | 10.97% | 10.97% | 12.88% |
| Retail (Building Supply) | 6 | 43.59% | 32.05% | 32.05% | 34.82% | 25.61% | 25.61% | 24.49% |
| Retail (Distributors) | 88 | 17.42% | 15.47% | 15.47% | 14.47% | 12.85% | 12.84% | 12.81% |
| Retail (General) | 19 | 23.55% | 14.88% | 14.88% | 18.31% | 11.57% | 11.57% | 20.65% |
| Retail (Grocery and Food) | 14 | 29.42% | 10.67% | 10.67% | 22.33% | 8.10% | 8.10% | 15.35% |
| Retail (Online) | 57 | 40.21% | 21.33% | 19.42% | 36.80% | 19.53% | 17.86% | 10.94% |
| Retail (Special Lines) | 108 | 35.03% | 15.25% | 15.21% | 27.57% | 12.00% | 11.98% | 19.17% |
| Rubber& Tires | 4 | 25.74% | 22.29% | 19.58% | 23.15% | 20.04% | 17.60% | 15.85% |
| Semiconductor | 80 | 22.95% | 21.01% | 13.91% | 21.18% | 19.39% | 12.88% | 19.68% |
| Semiconductor Equip | 45 | 30.09% | 27.70% | 17.81% | 26.74% | 24.62% | 15.89% | 21.77% |
| Shipbuilding & Marine | 11 | 4.12% | 4.78% | 4.78% | 3.81% | 4.43% | 4.43% | 9.57% |
| Shoe | 10 | 36.19% | 26.06% | 25.88% | 30.95% | 22.29% | 22.14% | 26.61% |
| Software (Entertainment) | 13 | 4362.48% | 104.66% | 26.14% | 4317.20% | 103.57% | 25.89% | 33.88% |
| Software (Internet) | 297 | 23.32% | 20.71% | 15.50% | 22.51% | 19.99% | 15.00% | 12.56% |
| Software (System & Application) | 236 | 36.71% | 25.24% | 16.06% | 34.63% | 23.81% | 15.20% | 35.25% |
| Steel | 38 | 0.83% | 1.11% | 1.10% | 0.77% | 1.02% | 1.02% | 20.11% |
| Telecom (Wireless) | 17 | 5.05% | 2.69% | 2.69% | 4.59% | 2.44% | 2.44% | 3.78% |
| Telecom. Equipment | 107 | 26.30% | 23.56% | 16.52% | 24.69% | 22.11% | 15.53% | 20.11% |
| Telecom. Services | 67 | 23.63% | 18.56% | 18.26% | 20.47% | 16.08% | 15.82% | 15.21% |
| Tobacco | 22 | 82.72% | 70.56% | 66.62% | 75.41% | 64.32% | 60.73% | 54.83% |
| Transportation | 17 | 53.37% | 28.95% | 28.91% | 44.05% | 23.89% | 23.86% | 23.80% |
| Transportation (Railroads) | 7 | 17.48% | 16.07% | 16.07% | 13.61% | 12.51% | 12.51% | 16.66% |
| Trucking | 30 | 14.26% | 10.70% | 10.70% | 10.45% | 7.84% | 7.84% | 8.47% |
| Utility (General) | 18 | 10.15% | 9.16% | 9.15% | 7.55% | 6.81% | 6.81% | 9.55% |
| Utility (Water) | 22 | 10.96% | 9.92% | 9.91% | 9.65% | 8.73% | 8.73% | 8.92% |
| Total Market | 7330 | 8.76% | 7.04% | 6.81% | 7.85% | 6.31% | 6.10% | 7.94% |
| Total Market (without financials) | 6100 | 17.37% | 13.69% | 12.63% | 15.93% | 12.55% | 11.60% | 15.65% |