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 3.49% is 394% above its 5-year average of -1.18%, near the high end of its 5-year range (-22.28%–12.16%).
As of the fiscal period ended Tuesday, June 30, 2026. 444.03% above its 12-month average of -1.01%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 3.49%.
RETURN ON INVESTED CAPITAL (ROIC)
3.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-1.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-0.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-1.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+444.03%
CURRENT VS 3Y AVG
+1153.65%
CURRENT VS 5Y AVG
+394.49%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
8.92%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
-60.88%
vs the sector median at left
Array Technologies, Inc.
Market Cap
$608.38M
Return on Invested Capital (ROIC)
3.49%
TTM Avg
-1.01%
3Y Avg
-0.33%
5Y Avg
-1.18%
Market Cap
$417.32M
Return on Invested Capital (ROIC)
11.26%
TTM Avg
9.38%
3Y Avg
8.82%
5Y Avg
10.88%
Market Cap
$164.78M
Return on Invested Capital (ROIC)
-20.99%
TTM Avg
-20.25%
3Y Avg
-16.25%
5Y Avg
-13.67%
Market Cap
$1.43B
Return on Invested Capital (ROIC)
34.01%
TTM Avg
22.12%
3Y Avg
45.21%
5Y Avg
42.46%
Market Cap
$1.44B
Return on Invested Capital (ROIC)
16.32%
TTM Avg
22.74%
3Y Avg
28.03%
5Y Avg
20.53%
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
$2.75B
Return on Invested Capital (ROIC)
0.35%
TTM Avg
4.10%
3Y Avg
10.06%
5Y Avg
19.58%
Market Cap
$4.13B
Return on Invested Capital (ROIC)
4.41%
TTM Avg
4.99%
3Y Avg
5.20%
5Y Avg
-0.31%
Market Cap
$4.55B
Return on Invested Capital (ROIC)
15.18%
TTM Avg
13.23%
3Y Avg
9.46%
5Y Avg
2.19%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Array Technologies, Inc. (ARRY) | $608.38M | 3.49% | -1.01% | -0.33% | -1.18% |
| Star Group, L.P. (SGU)vs › | $417.32M | 11.26% | 9.38% | 8.82% | 10.88% |
| enCore Energy Corp. (EU)vs › | $164.78M | -20.99% | -20.25% | -16.25% | -13.67% |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.43B | 34.01% | 22.12% | 45.21% | 42.46% |
| Natural Resource Partners L.P. (NRP)vs › | $1.44B | 16.32% | 22.74% | 28.03% | 20.53% |
| SolarEdge Technologies, Inc. (SEDG)vs › | $2.07B | -9.31% | -54.47% | -26.41% | -15.28% |
| Centrus Energy Corp. (LEU)vs › | $2.75B | 0.35% | 4.10% | 10.06% | 19.58% |
| Helmerich & Payne, Inc. (HP)vs › | $4.13B | 4.41% | 4.99% | 5.20% | -0.31% |
| Oceaneering International, Inc. (OII)vs › | $4.55B | 15.18% | 13.23% | 9.46% | 2.19% |
| Enphase Energy, Inc. (ENPH)vs › | $4.57B | 3.82% | 3.62% | 9.03% | 11.22% |
ROIC
3.5%
ROE
N/A
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 | 3.49% |
| 2026-03-31 | 4.67% |
| 2025-12-31 | 6.80% |
| 2025-09-30 | -1.89% |
| 2025-06-30 | -18.14% |
| 2025-03-31 | -19.80% |
| 2024-12-31 | -22.28% |
| 2024-09-30 | -4.48% |
| 2024-06-30 | 7.19% |
| 2024-03-31 | 10.10% |
| 2023-12-31 | 12.16% |
| 2023-09-30 | 9.51% |
| 2023-06-30 | 8.36% |
| 2023-03-31 | 3.75% |
| 2022-12-31 | -2.12% |
| 2022-09-30 | -5.08% |
| 2022-06-30 | -7.51% |
| 2022-03-31 | -6.45% |
| 2021-12-31 | -3.56% |
| 2021-09-30 | -1.23% |
| 2021-06-30 | 1.62% |
| 2021-03-31 | 2.60% |
| 2020-12-31 | 19.48% |
| 2020-09-30 | 26.56% |
| 2020-06-30 | 31.17% |
| 2019-12-31 | 11.92% |
