ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Secure Waste Infrastructure's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 8.21%.
As of today (2026-06-28), Secure Waste Infrastructure's WACC % is 4.89%. Secure Waste Infrastructure's ROIC % is 10.00% (calculated using TTM income statement data).
Secure Waste Infrastructure generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Secure Waste Infrastructure's WACC % is 4.89%. Secure Waste Infrastructure's ROIC % is 10.00% (calculated using TTM income statement data).
Secure Waste Infrastructure generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Secure Waste Infrastructure ROIC % Related Terms
Secure Waste Infrastructure ROIC % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Waste Management subindustry, Secure Waste Infrastructure's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Secure Waste Infrastructure ROIC % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Secure Waste Infrastructure's ROIC % distribution charts can be found below:
* The bar in red indicates where Secure Waste Infrastructure's ROIC % falls into.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Secure Waste Infrastructure (TSX:SES) has a ROIC % of 8.21% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Secure Waste Infrastructure and its competitors.
Is Secure Waste Infrastructure's ROIC % too high?
Secure Waste Infrastructure's current ROIC % is 8.21%. The Waste Management industry median ROIC % is 3.51. Secure Waste Infrastructure's value of 8.21% is 133.9% above this industry median. Overall, Secure Waste Infrastructure has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Secure Waste Infrastructure's ROIC % compare to WM and RSG?
Secure Waste Infrastructure's ROIC % of 8.21% can be compared against companies in the Waste Management industry. The industry median ROIC % is 3.51. Secure Waste Infrastructure's value of 8.21% is 133.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Waste Management company?
The median ROIC % among Waste Management companies is 3.51, based on 245 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Secure Waste Infrastructure's current ROIC % of 8.21% is 133.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Secure Waste Infrastructure and its competitors. For the Waste Management industry, the median ROIC % is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Secure Waste Infrastructure's current ROIC % is 8.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secure Waste Infrastructure stock overvalued right now?
Secure Waste Infrastructure (TSX:SES) has a current ROIC % of 8.21%. The current ROIC % is 8.21% and 133.9% above the Waste Management industry median of 3.51. Secure Waste Infrastructure's overall GF Score™ is 50/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Secure Waste Infrastructure (TSX:SES), the current ROIC % is 8.21% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Secure Waste Infrastructure Corp operates in waste management and energy infrastructure business. The company operates in two segments: Waste Management, and Energy Infrastructure. The activities of the company include buying and selling crude oil and natural gas liquid products, capturing location, and other related activities. It generates the majority of its revenue from the Waste Management segment which includes a network of waste processing facilities, produced water pipelines, industrial landfills, and others. Energy Infrastructure includes a network of crude oil gathering pipelines, terminals, and storage facilities.
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