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 9.23% is 36% above its 5-year average of 6.79%, near the high end of its 5-year range (1.00%–12.55%).
As of the fiscal period ended Tuesday, June 30, 2026. 14.24% below its 12-month average of 10.76%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 9.23%.
RETURN ON INVESTED CAPITAL (ROIC)
9.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-14.24%
CURRENT VS 3Y AVG
-2.24%
CURRENT VS 5Y AVG
+36.03%
CURRENT VS 10Y AVG
+109.72%
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
+3.48%
vs the sector median at left
Baker Hughes Company
Market Cap
$56.84B
Return on Invested Capital (ROIC)
9.23%
TTM Avg
10.76%
3Y Avg
9.44%
5Y Avg
6.79%
Market Cap
$56.77B
Return on Invested Capital (ROIC)
8.77%
TTM Avg
7.46%
3Y Avg
8.21%
5Y Avg
8.27%
Market Cap
$56.01B
Return on Invested Capital (ROIC)
5.87%
TTM Avg
4.33%
3Y Avg
8.79%
5Y Avg
6.29%
Market Cap
$60.03B
Return on Invested Capital (ROIC)
13.47%
TTM Avg
13.08%
3Y Avg
13.59%
5Y Avg
11.20%
Market Cap
$60.56B
Return on Invested Capital (ROIC)
14.09%
TTM Avg
12.00%
3Y Avg
11.71%
5Y Avg
11.51%
Market Cap
$51.90B
Return on Invested Capital (ROIC)
5.88%
TTM Avg
5.89%
3Y Avg
11.56%
5Y Avg
4.63%
Market Cap
$51.62B
Return on Invested Capital (ROIC)
5.61%
TTM Avg
11.22%
3Y Avg
17.56%
5Y Avg
14.66%
Market Cap
$62.23B
Return on Invested Capital (ROIC)
5.18%
TTM Avg
4.58%
3Y Avg
3.92%
5Y Avg
4.55%
Market Cap
$69.63B
Return on Invested Capital (ROIC)
5.72%
TTM Avg
5.22%
3Y Avg
5.08%
5Y Avg
4.88%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Baker Hughes Company (BKR) | $56.84B | 9.23% | 10.76% | 9.44% | 6.79% |
| ONEOK, Inc. (OKE)vs › | $56.77B | 8.77% | 7.46% | 8.21% | 8.27% |
| Occidental Petroleum Corporation (OXY)vs › | $56.01B | 5.87% | 4.33% | 8.79% | 6.29% |
| MPLX Lp (MPLX)vs › | $60.03B | 13.47% | 13.08% | 13.59% | 11.20% |
| Targa Resources Corp. (TRGP)vs › | $60.56B | 14.09% | 12.00% | 11.71% | 11.51% |
| Diamondback Energy, Inc. (FANG)vs › | $51.90B | 5.88% | 5.89% | 11.56% | 4.63% |
| Devon Energy Corporation (DVN)vs › | $51.62B | 5.61% | 11.22% | 17.56% | 14.66% |
| TC Energy Corporation (TRP)vs › | $62.23B | 5.18% | 4.58% | 3.92% | 4.55% |
| Kinder Morgan, Inc. (KMI)vs › | $69.63B | 5.72% | 5.22% | 5.08% | 4.88% |
| Energy Transfer LP (ET)vs › | $70.20B | 8.16% | 7.33% | 7.52% | 6.81% |
ROIC
9.2%
ROE
15.6%
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 | 9.23% |
| 2026-03-31 | 8.30% |
| 2025-12-31 | 11.64% |
| 2025-09-30 | 12.26% |
| 2025-06-30 | 12.39% |
| 2025-03-31 | 12.55% |
| 2024-12-31 | 12.18% |
| 2024-09-30 | 9.37% |
| 2024-06-30 | 8.70% |
| 2024-03-31 | 7.67% |
| 2023-12-31 | 7.13% |
| 2023-09-30 | 6.50% |
| 2023-06-30 | 4.83% |
| 2023-03-31 | 3.07% |
| 2022-12-31 | 2.74% |
| 2022-09-30 | 2.54% |
| 2022-06-30 | 2.72% |
| 2022-03-31 | 3.03% |
| 2021-12-31 | 2.74% |
| 2021-09-30 | 1.91% |
| 2021-06-30 | 1.00% |
| 2021-03-31 | 0.49% |
| 2020-12-31 | -55.69% |
| 2020-09-30 | -57.28% |
| 2020-06-30 | -55.52% |
| 2020-03-31 | -55.54% |
| 2019-12-31 | 1.35% |
| 2019-09-30 | 1.41% |
| 2019-06-30 | 1.38% |
| 2019-03-31 | 1.12% |
| 2018-12-31 | 0.87% |
| 2018-09-30 | 0.49% |
| 2018-06-30 | -0.53% |
| 2018-03-31 | -0.82% |
| 2017-12-31 | -0.54% |
| 2017-09-30 | 0.23% |
| 2017-06-30 | 1.61% |
| 2017-03-31 | 1.10% |
| 2016-12-31 | 3.39% |
