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 7.85% is 29% below its 5-year average of 11.01%, around the middle of its 5-year range (2.04%–20.66%).
As of the fiscal period ended Tuesday, June 30, 2026. 11.02% above its 12-month average of 7.07%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
7.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.56%
CURRENT VS TTM AVG
+11.02%
CURRENT VS 3Y AVG
-17.02%
CURRENT VS 5Y AVG
-28.69%
CURRENT VS 10Y AVG
+1.11%
CURRENT VS 15Y AVG
+21.71%
CURRENT VS 20Y AVG
+3.93%
SECTOR MEDIAN · ENERGY
8.77%
median of 49 covered companies
CURRENT VS SECTOR MEDIAN
-10.46%
vs the sector median at left
ConocoPhillips
Market Cap
$164.52B
Return on Invested Capital (ROIC)
7.85%
TTM Avg
7.07%
3Y Avg
9.46%
5Y Avg
11.01%
Market Cap
$200.65B
Return on Invested Capital (ROIC)
7.31%
TTM Avg
6.34%
3Y Avg
8.80%
5Y Avg
7.06%
Market Cap
$116.12B
Return on Invested Capital (ROIC)
14.33%
TTM Avg
7.20%
3Y Avg
12.52%
5Y Avg
6.48%
Market Cap
$110.23B
Return on Invested Capital (ROIC)
16.52%
TTM Avg
6.96%
3Y Avg
15.13%
5Y Avg
10.18%
Market Cap
$106.16B
Return on Invested Capital (ROIC)
13.86%
TTM Avg
12.12%
3Y Avg
13.45%
5Y Avg
10.71%
Market Cap
$103.90B
Return on Invested Capital (ROIC)
12.71%
TTM Avg
3.97%
3Y Avg
7.78%
5Y Avg
4.95%
Market Cap
$92.75B
Return on Invested Capital (ROIC)
6.64%
TTM Avg
5.63%
3Y Avg
5.90%
5Y Avg
5.28%
Market Cap
$84.74B
Return on Invested Capital (ROIC)
9.15%
TTM Avg
12.04%
3Y Avg
11.73%
5Y Avg
9.83%
Market Cap
$84.01B
Return on Invested Capital (ROIC)
11.34%
TTM Avg
10.90%
3Y Avg
11.31%
5Y Avg
10.78%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ConocoPhillips (COP) | $164.52B | 7.85% | 7.07% | 9.46% | 11.01% |
| TotalEnergies SE (TTE)vs › | $200.65B | 7.31% | 6.34% | 8.80% | 7.06% |
| Marathon Petroleum Corporation (MPC)vs › | $116.12B | 14.33% | 7.20% | 12.52% | 6.48% |
| Valero Energy Corporation (VLO)vs › | $110.23B | 16.52% | 6.96% | 15.13% | 10.18% |
| Canadian Natural Resources Limited (CNQ)vs › | $106.16B | 13.86% | 12.12% | 13.45% | 10.71% |
| Phillips 66 (PSX)vs › | $103.90B | 12.71% | 3.97% | 7.78% | 4.95% |
| The Williams Companies, Inc. (WMB)vs › | $92.75B | 6.64% | 5.63% | 5.90% | 5.28% |
| Slb N.V. (SLB)vs › | $84.74B | 9.15% | 12.04% | 11.73% | 9.83% |
| Enterprise Products Partners L.P. (EPD)vs › | $84.01B | 11.34% | 10.90% | 11.31% | 10.78% |
| Suncor Energy Inc. (SU)vs › | $80.16B | 14.57% | 14.70% | 16.95% | 14.20% |
ROIC
7.9%
ROE
14.2%
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 | 7.85% |
| 2026-03-31 | 5.99% |
| 2025-12-31 | 6.47% |
| 2025-09-30 | 7.45% |
| 2025-06-30 | 7.61% |
| 2025-03-31 | 8.10% |
| 2024-12-31 | 7.72% |
| 2024-09-30 | 10.59% |
| 2024-06-30 | 11.49% |
| 2024-03-31 | 11.37% |
| 2023-12-31 | 11.59% |
| 2023-09-30 | 12.13% |
| 2023-06-30 | 14.68% |
| 2023-03-31 | 18.03% |
| 2022-12-31 | 20.66% |
| 2022-09-30 | 20.41% |
| 2022-06-30 | 17.87% |
| 2022-03-31 | 14.21% |
| 2021-12-31 | 9.64% |
| 2021-09-30 | 5.35% |
| 2021-06-30 | 2.04% |
| 2021-03-31 | -0.69% |
| 2020-12-31 | -3.12% |
| 2020-09-30 | 1.39% |
| 2020-06-30 | 3.13% |
| 2020-03-31 | 6.43% |
| 2019-12-31 | 8.42% |
| 2019-09-30 | 9.23% |
| 2019-06-30 | 9.81% |
| 2019-03-31 | 9.43% |
| 2018-12-31 | 9.21% |
| 2018-09-30 | 8.89% |
| 2018-06-30 | 7.04% |
| 2018-03-31 | 6.86% |
| 2017-12-31 | 3.67% |
| 2017-09-30 | 1.47% |
| 2017-06-30 | -1.02% |
| 2017-03-31 | -3.25% |
| 2016-12-31 | -5.25% |
| 2016-09-30 | -8.11% |
| 2016-06-30 | -8.49% |
| 2016-03-31 | -6.76% |
| 2015-12-31 | -5.62% |
| 2015-09-30 | -2.11% |
| 2015-06-30 | 1.60% |
| 2015-03-31 | 3.43% |
| 2014-12-31 | 4.89% |
| 2014-09-30 | 6.15% |
| 2014-06-30 | 6.29% |
| 2014-03-31 | 6.49% |
| 2013-12-31 | 6.52% |
| 2013-09-30 | 5.81% |
| 2013-06-30 | 6.23% |
| 2013-03-31 | 6.22% |
| 2012-12-31 | 6.11% |
| 2012-09-30 | 8.54% |
| 2012-06-30 | 8.67% |
| 2012-03-31 | 7.04% |
| 2011-12-31 | 8.24% |
| 2011-09-30 | 7.12% |
| 2011-06-30 | 7.37% |
| 2011-03-31 | 8.86% |
| 2010-12-31 | 8.37% |
| 2010-09-30 | 8.58% |
| 2010-06-30 | 7.41% |
| 2010-03-31 | 4.63% |
| 2009-12-31 | 4.11% |
| 2009-09-30 | 8.23% |
| 2009-06-30 | 14.33% |
| 2009-03-31 | 21.99% |
| 2008-12-31 | 26.78% |
| 2008-09-30 | 12.92% |
| 2008-06-30 | 12.01% |
| 2008-03-31 | 11.25% |
| 2007-12-31 | 10.20% |
| 2007-09-30 | 8.15% |
| 2007-06-30 | 8.81% |
| 2007-03-31 | 9.14% |
| 2006-12-31 | 9.87% |
| 2006-09-30 | 20.10% |
| 2006-06-30 | 20.41% |
| 2006-03-31 | 19.07% |
| 2005-12-31 | 32.29% |
| 2005-09-30 | 29.39% |
| 2005-06-30 | 27.63% |
| 2005-03-31 | 30.13% |
| 2004-12-31 | 28.22% |
| 2004-09-30 | 15.13% |
| 2004-06-30 | 15.04% |
| 2004-03-31 | 13.52% |
| 2003-12-31 | 12.67% |
| 2003-09-30 | 17.26% |
| 2003-06-30 | 16.01% |
