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 -0.22% is 110% below its 5-year average of 2.14%, near the low end of its 5-year range (-1.19%–5.72%).
As of the fiscal period ended Tuesday, June 30, 2026. 233.96% below its 12-month average of 0.17%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -0.22%.
RETURN ON INVESTED CAPITAL (ROIC)
-0.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
0.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
1.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.42%
CURRENT VS TTM AVG
-233.96%
CURRENT VS 3Y AVG
-114.58%
CURRENT VS 5Y AVG
-110.35%
CURRENT VS 10Y AVG
-106.16%
CURRENT VS 15Y AVG
-105.89%
CURRENT VS 20Y AVG
-106.46%
SECTOR MEDIAN · ENERGY
8.92%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
-102.48%
vs the sector median at left
Canadian Solar Inc.
Market Cap
$767.65M
Return on Invested Capital (ROIC)
-0.22%
TTM Avg
0.17%
3Y Avg
1.52%
5Y Avg
2.14%
Market Cap
$614.14M
Return on Invested Capital (ROIC)
3.49%
TTM Avg
-7.74%
3Y Avg
-1.25%
5Y Avg
1.96%
Market Cap
$424.54M
Return on Invested Capital (ROIC)
11.26%
TTM Avg
9.38%
3Y Avg
8.82%
5Y Avg
10.88%
Market Cap
$197.14M
Return on Invested Capital (ROIC)
-20.99%
TTM Avg
-20.25%
3Y Avg
-16.25%
5Y Avg
-13.67%
Market Cap
$1.37B
Return on Invested Capital (ROIC)
34.01%
TTM Avg
22.12%
3Y Avg
45.21%
5Y Avg
42.46%
Market Cap
$1.45B
Return on Invested Capital (ROIC)
16.32%
TTM Avg
22.74%
3Y Avg
28.03%
5Y Avg
20.53%
Market Cap
$2.00B
Return on Invested Capital (ROIC)
-9.31%
TTM Avg
-54.47%
3Y Avg
-26.41%
5Y Avg
-15.28%
Market Cap
$2.65B
Return on Invested Capital (ROIC)
0.35%
TTM Avg
4.10%
3Y Avg
10.06%
5Y Avg
19.58%
Market Cap
$3.86B
Return on Invested Capital (ROIC)
4.41%
TTM Avg
4.99%
3Y Avg
5.20%
5Y Avg
-0.31%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian Solar Inc. (CSIQ) | $767.65M | -0.22% | 0.17% | 1.52% | 2.14% |
| Array Technologies, Inc. (ARRY)vs › | $614.14M | 3.49% | -7.74% | -1.25% | 1.96% |
| Star Group, L.P. (SGU)vs › | $424.54M | 11.26% | 9.38% | 8.82% | 10.88% |
| enCore Energy Corp. (EU)vs › | $197.14M | -20.99% | -20.25% | -16.25% | -13.67% |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.37B | 34.01% | 22.12% | 45.21% | 42.46% |
| Natural Resource Partners L.P. (NRP)vs › | $1.45B | 16.32% | 22.74% | 28.03% | 20.53% |
| SolarEdge Technologies, Inc. (SEDG)vs › | $2.00B | -9.31% | -54.47% | -26.41% | -15.28% |
| Centrus Energy Corp. (LEU)vs › | $2.65B | 0.35% | 4.10% | 10.06% | 19.58% |
| Helmerich & Payne, Inc. (HP)vs › | $3.86B | 4.41% | 4.99% | 5.20% | -0.31% |
| Oceaneering International, Inc. (OII)vs › | $4.42B | 15.18% | 13.23% | 9.46% | 2.19% |
ROIC
-0.2%
ROE
-6.8%
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 | -0.22% |
| 2026-03-31 | 1.32% |
| 2025-12-31 | 0.34% |
| 2025-09-30 | -0.16% |
| 2025-06-30 | -0.45% |
| 2025-03-31 | -1.19% |
| 2024-12-31 | -0.40% |
| 2024-09-30 | 0.58% |
| 2024-06-30 | 1.56% |
| 2024-03-31 | 3.00% |
| 2023-12-31 | 4.24% |
| 2023-09-30 | 5.72% |
| 2023-06-30 | 5.39% |
| 2023-03-31 | 5.15% |
| 2022-12-31 | 5.47% |
| 2022-09-30 | 3.35% |
| 2022-06-30 | 3.07% |
| 2022-03-31 | 2.15% |
| 2021-12-31 | 2.43% |
| 2021-09-30 | 2.07% |
| 2021-06-30 | 1.46% |
| 2021-03-31 | 1.61% |
| 2020-12-31 | 4.34% |
| 2020-09-30 | 5.94% |
| 2020-06-30 | 7.98% |
| 2020-03-31 | 8.33% |
| 2019-12-31 | 4.77% |
| 2019-09-30 | 5.48% |
| 2019-06-30 | 6.16% |
| 2019-03-31 | 5.97% |
| 2018-12-31 | 7.74% |
| 2018-09-30 | 7.80% |
| 2018-06-30 | 6.40% |
| 2018-03-31 | 7.25% |
| 2017-12-31 | 5.01% |
| 2017-09-30 | 3.12% |
| 2017-06-30 | 2.64% |
| 2017-03-31 | 1.36% |
| 2016-12-31 | 1.77% |
| 2016-09-30 | 4.28% |
| 2016-06-30 | 4.42% |
| 2016-03-31 | 4.66% |
| 2015-12-31 | 6.60% |
| 2015-09-30 | 6.63% |
| 2015-06-30 | 12.40% |
| 2015-03-31 | 15.99% |
| 2014-12-31 | 15.03% |
| 2014-09-30 | 12.99% |
| 2014-06-30 | 8.32% |
| 2014-03-31 | 6.06% |
| 2013-12-31 | 7.78% |
| 2013-09-30 | -0.33% |
| 2013-06-30 | -6.32% |
| 2013-03-31 | -6.68% |
| 2012-12-31 | -9.03% |
| 2012-09-30 | -4.20% |
| 2012-06-30 | -4.03% |
| 2012-03-31 | -2.71% |
| 2011-12-31 | 0.45% |
| 2011-09-30 | 2.55% |
| 2011-06-30 | 5.69% |
| 2011-03-31 | 7.04% |
| 2010-12-31 | 7.55% |
| 2010-09-30 | 4.24% |
| 2010-06-30 | 3.61% |
| 2010-03-31 | 3.69% |
| 2009-12-31 | 0.74% |
| 2009-09-30 | -3.05% |
| 2009-06-30 | -2.55% |
| 2009-03-31 | -1.11% |
| 2008-12-31 | 2.60% |
| 2008-09-30 | 10.85% |
| 2008-06-30 | 10.20% |
| 2008-03-31 | 5.17% |
| 2007-12-31 | -0.74% |
| 2007-09-30 | -6.83% |
| 2007-06-30 | -7.11% |
| 2007-03-31 | -4.41% |
| 2006-12-31 | 9.89% |
| 2006-09-30 | 15.23% |
| 2006-06-30 | 29.90% |
| 2005-12-31 | 30.70% |
| 2004-12-31 | 54.31% |
