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 12.27% is 29% below its 5-year average of 17.22%, near the low end of its 5-year range (8.93%–30.33%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.30% above its 12-month average of 11.88%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 12.27%.
RETURN ON INVESTED CAPITAL (ROIC)
12.27%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
11.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
17.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
17.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
14.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
16.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
19.12%
CURRENT VS TTM AVG
+3.30%
CURRENT VS 3Y AVG
-30.67%
CURRENT VS 5Y AVG
-28.74%
CURRENT VS 10Y AVG
-14.27%
CURRENT VS 15Y AVG
-26.86%
CURRENT VS 20Y AVG
-35.83%
SECTOR MEDIAN · ENERGY
5.87%
median of 111 covered companies
CURRENT VS SECTOR MEDIAN
+109.01%
vs the sector median at left
Alliance Resource Partners, L.P.
Market Cap
$3.17B
Return on Invested Capital (ROIC)
12.27%
TTM Avg
11.88%
3Y Avg
17.70%
5Y Avg
17.22%
Market Cap
$2.92B
Return on Invested Capital (ROIC)
0.35%
TTM Avg
4.10%
3Y Avg
10.06%
5Y Avg
19.58%
Market Cap
$2.47B
Return on Invested Capital (ROIC)
8.54%
TTM Avg
6.97%
3Y Avg
4.27%
5Y Avg
2.60%
Market Cap
$3.96B
Return on Invested Capital (ROIC)
4.41%
TTM Avg
4.99%
3Y Avg
5.20%
5Y Avg
-0.31%
Market Cap
$2.07B
Return on Invested Capital (ROIC)
-9.31%
TTM Avg
-54.47%
3Y Avg
-26.41%
5Y Avg
-15.28%
Market Cap
$4.33B
Return on Invested Capital (ROIC)
-1.16%
TTM Avg
-9.17%
3Y Avg
-1.61%
5Y Avg
-9.87%
Market Cap
$4.46B
Return on Invested Capital (ROIC)
-2.76%
TTM Avg
0.48%
3Y Avg
2.13%
5Y Avg
1.12%
Market Cap
$4.48B
Return on Invested Capital (ROIC)
15.18%
TTM Avg
13.23%
3Y Avg
9.46%
5Y Avg
2.19%
Market Cap
$4.48B
Return on Invested Capital (ROIC)
3.82%
TTM Avg
3.62%
3Y Avg
9.03%
5Y Avg
11.22%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Alliance Resource Partners, L.P. (ARLP) | $3.17B | 12.27% | 11.88% | 17.70% | 17.22% |
| Centrus Energy Corp. (LEU)vs › | $2.92B | 0.35% | 4.10% | 10.06% | 19.58% |
| National Energy Services Reunited Corp. (NESR)vs › | $2.47B | 8.54% | 6.97% | 4.27% | 2.60% |
| Helmerich & Payne, Inc. (HP)vs › | $3.96B | 4.41% | 4.99% | 5.20% | -0.31% |
| SolarEdge Technologies, Inc. (SEDG)vs › | $2.07B | -9.31% | -54.47% | -26.41% | -15.28% |
| Patterson-UTI Energy, Inc. (PTEN)vs › | $4.33B | -1.16% | -9.17% | -1.61% | -9.87% |
| Icahn Enterprises L.P. (IEP)vs › | $4.46B | -2.76% | 0.48% | 2.13% | 1.12% |
| Oceaneering International, Inc. (OII)vs › | $4.48B | 15.18% | 13.23% | 9.46% | 2.19% |
| Enphase Energy, Inc. (ENPH)vs › | $4.48B | 3.82% | 3.62% | 9.03% | 11.22% |
| Sunrun Inc. (RUN)vs › | $1.85B | 0.41% | -10.10% | -8.49% | -6.93% |
ROIC
12.3%
ROE
15.1%
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) |
|---|---|
| 2026-06-30 | 12.27% |
| 2026-03-31 | 12.41% |
| 2025-12-31 | 13.61% |
| 2025-09-30 | 10.56% |
| 2025-06-30 | 10.54% |
| 2025-03-31 | 11.62% |
| 2024-12-31 | 13.96% |
| 2024-09-30 | 17.37% |
| 2024-06-30 | 19.61% |
| 2024-03-31 | 22.50% |
| 2023-12-31 | 25.71% |
| 2023-09-30 | 29.71% |
| 2023-06-30 | 30.20% |
| 2023-03-31 | 30.33% |
| 2022-12-31 | 24.48% |
| 2022-09-30 | 19.81% |
| 2022-06-30 | 15.80% |
| 2022-03-31 | 10.89% |
| 2021-12-31 | 10.93% |
| 2021-09-30 | 10.29% |
| 2021-06-30 | 8.93% |
| 2021-03-31 | 4.30% |
| 2020-12-31 | 3.66% |
| 2020-09-30 | 3.12% |
| 2020-06-30 | 4.24% |
| 2020-03-31 | 8.71% |
| 2019-12-31 | 11.37% |
| 2019-09-30 | 13.55% |
| 2019-06-30 | 14.67% |
| 2019-03-31 | 15.76% |
| 2018-12-31 | 15.11% |
| 2018-09-30 | 15.99% |
| 2018-06-30 | 15.00% |
| 2018-03-31 | 14.77% |
| 2017-12-31 | 16.30% |
| 2017-09-30 | 18.56% |
| 2017-06-30 | 20.19% |
| 2017-03-31 | 20.33% |
| 2016-12-31 | 17.91% |
| 2016-09-30 | 11.87% |
| 2016-06-30 | 11.74% |
| 2016-03-31 | 13.28% |
| 2015-12-31 | 16.59% |
| 2015-09-30 | 21.32% |
| 2015-06-30 | 14.79% |
| 2015-03-31 | 13.61% |
| 2014-12-31 | 14.11% |
| 2014-09-30 | 14.52% |
| 2014-06-30 | 13.93% |
| 2014-03-31 | 13.89% |
| 2013-12-31 | 22.90% |
| 2013-09-30 | 23.89% |
| 2013-06-30 | 23.31% |
| 2013-03-31 | 23.03% |
| 2012-12-31 | 22.29% |
| 2012-09-30 | 22.81% |
| 2012-06-30 | 24.23% |
| 2012-03-31 | 25.37% |
| 2011-12-31 | 26.56% |
| 2011-09-30 | 27.80% |
| 2011-06-30 | 26.30% |
| 2011-03-31 | 26.21% |
| 2010-12-31 | 25.64% |
| 2010-09-30 | 29.54% |
| 2010-06-30 | 26.32% |
| 2010-03-31 | 22.64% |
| 2009-12-31 | 23.70% |
| 2009-09-30 | 21.72% |
| 2009-06-30 | 20.47% |
| 2009-03-31 | 19.71% |
| 2008-12-31 | 16.67% |
| 2008-09-30 | 17.61% |
| 2008-06-30 | 17.43% |
| 2008-03-31 | 27.98% |
| 2007-12-31 | 29.32% |
| 2007-09-30 | 31.00% |
| 2007-06-30 | 30.82% |
| 2007-03-31 | 32.60% |
| 2006-12-31 | 34.30% |
| 2006-09-30 | 36.44% |
| 2006-06-30 | 35.38% |
| 2006-03-31 | 36.95% |
| 2005-12-31 | 38.01% |
| 2005-09-30 | 31.49% |
| 2005-06-30 | 29.95% |
| 2005-03-31 | 27.51% |
| 2004-12-31 | 23.32% |
| 2004-09-30 | 25.55% |
| 2004-06-30 | 22.51% |
| 2004-03-31 | 17.77% |
| 2003-12-31 | 17.80% |
| 2003-09-30 | 14.17% |
| 2003-06-30 | 12.16% |
