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 1.92% is 61% below its 5-year average of 4.94%, near the low end of its 5-year range (1.92%–15.03%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.38% below its 12-month average of 2.07%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 1.92%.
RETURN ON INVESTED CAPITAL (ROIC)
1.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
2.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.67%
CURRENT VS TTM AVG
-7.38%
CURRENT VS 3Y AVG
-45.21%
CURRENT VS 5Y AVG
-61.17%
CURRENT VS 10Y AVG
-45.39%
CURRENT VS 15Y AVG
-56.61%
CURRENT VS 20Y AVG
-58.88%
SECTOR MEDIAN · ENERGY
8.92%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
-78.48%
vs the sector median at left
Eni S.p.A.
Market Cap
$79.26B
Return on Invested Capital (ROIC)
1.92%
TTM Avg
2.07%
3Y Avg
3.50%
5Y Avg
4.94%
Market Cap
$79.51B
Return on Invested Capital (ROIC)
11.34%
TTM Avg
10.90%
3Y Avg
11.31%
5Y Avg
10.78%
Market Cap
$80.52B
Return on Invested Capital (ROIC)
14.57%
TTM Avg
14.70%
3Y Avg
16.95%
5Y Avg
14.20%
Market Cap
$76.49B
Return on Invested Capital (ROIC)
9.15%
TTM Avg
12.04%
3Y Avg
11.73%
5Y Avg
9.83%
Market Cap
$74.75B
Return on Invested Capital (ROIC)
16.57%
TTM Avg
14.05%
3Y Avg
17.01%
5Y Avg
13.41%
Market Cap
$84.72B
Return on Invested Capital (ROIC)
6.64%
TTM Avg
5.63%
3Y Avg
5.90%
5Y Avg
5.28%
Market Cap
$69.48B
Return on Invested Capital (ROIC)
8.16%
TTM Avg
7.33%
3Y Avg
7.52%
5Y Avg
6.81%
Market Cap
$68.47B
Return on Invested Capital (ROIC)
5.72%
TTM Avg
5.22%
3Y Avg
5.08%
5Y Avg
4.88%
Market Cap
$61.19B
Return on Invested Capital (ROIC)
5.18%
TTM Avg
4.58%
3Y Avg
3.92%
5Y Avg
4.55%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Eni S.p.A. (E) | $79.26B | 1.92% | 2.07% | 3.50% | 4.94% |
| Enterprise Products Partners L.P. (EPD)vs › | $79.51B | 11.34% | 10.90% | 11.31% | 10.78% |
| Suncor Energy Inc. (SU)vs › | $80.52B | 14.57% | 14.70% | 16.95% | 14.20% |
| Slb N.V. (SLB)vs › | $76.49B | 9.15% | 12.04% | 11.73% | 9.83% |
| EOG Resources, Inc. (EOG)vs › | $74.75B | 16.57% | 14.05% | 17.01% | 13.41% |
| The Williams Companies, Inc. (WMB)vs › | $84.72B | 6.64% | 5.63% | 5.90% | 5.28% |
| Energy Transfer LP (ET)vs › | $69.48B | 8.16% | 7.33% | 7.52% | 6.81% |
| Kinder Morgan, Inc. (KMI)vs › | $68.47B | 5.72% | 5.22% | 5.08% | 4.88% |
| TC Energy Corporation (TRP)vs › | $61.19B | 5.18% | 4.58% | 3.92% | 4.55% |
| Canadian Natural Resources Limited (CNQ)vs › | $98.88B | 13.86% | 12.12% | 13.45% | 10.71% |
ROIC
1.9%
ROE
10.3%
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 | 1.92% |
| 2026-03-31 | 1.99% |
| 2025-12-31 | 2.02% |
| 2025-09-30 | 2.23% |
| 2025-06-30 | 2.21% |
| 2025-03-31 | 3.04% |
| 2024-12-31 | 4.10% |
| 2024-09-30 | 4.45% |
| 2024-06-30 | 5.00% |
| 2024-03-31 | 4.76% |
| 2023-12-31 | 4.63% |
| 2023-09-30 | 3.73% |
| 2023-06-30 | 5.47% |
| 2023-03-31 | 8.30% |
| 2022-12-31 | 9.98% |
| 2022-09-30 | 15.03% |
| 2022-06-30 | 11.66% |
| 2022-03-31 | 9.41% |
| 2021-12-31 | 6.59% |
| 2021-09-30 | 4.38% |
| 2021-06-30 | 3.02% |
| 2021-03-31 | 3.47% |
| 2020-12-31 | 1.09% |
| 2020-09-30 | 1.62% |
| 2020-06-30 | 2.72% |
| 2020-03-31 | 2.73% |
| 2019-12-31 | 3.94% |
| 2019-09-30 | 4.76% |
| 2019-06-30 | 5.28% |
| 2019-03-31 | 5.42% |
| 2018-12-31 | 5.55% |
| 2018-09-30 | 4.73% |
| 2018-06-30 | 3.52% |
| 2018-03-31 | 2.62% |
| 2017-12-31 | 2.12% |
| 2017-09-30 | 2.16% |
| 2017-06-30 | 1.54% |
| 2017-03-31 | 1.43% |
| 2016-12-31 | 0.51% |
| 2016-09-30 | -6.21% |
| 2016-06-30 | -5.87% |
| 2016-03-31 | -4.47% |
| 2015-12-31 | -2.86% |
| 2015-09-30 | 1.90% |
| 2015-06-30 | 3.12% |
| 2015-03-31 | 3.62% |
| 2014-12-31 | 7.57% |
| 2014-09-30 | 4.37% |
| 2014-06-30 | 4.61% |
| 2014-03-31 | 4.19% |
| 2013-12-31 | 4.22% |
| 2013-09-30 | 5.34% |
| 2013-06-30 | 5.89% |
| 2013-03-31 | 6.35% |
| 2012-12-31 | 7.97% |
| 2012-09-30 | 7.51% |
| 2012-06-30 | 8.13% |
| 2012-03-31 | 8.86% |
| 2011-12-31 | 8.44% |
| 2011-09-30 | 8.28% |
| 2011-06-30 | 7.80% |
| 2011-03-31 | 7.65% |
| 2010-12-31 | 8.39% |
| 2010-09-30 | 8.48% |
| 2010-06-30 | 8.85% |
| 2009-12-31 | 10.12% |
| 2009-09-30 | 11.09% |
| 2009-06-30 | 11.48% |
| 2009-03-31 | 24.35% |
| 2008-12-31 | 12.65% |
| 2008-06-30 | -11.42% |
| 2007-12-31 | -0.22% |
| 2007-06-30 | -0.58% |
| 2006-12-31 | 0.31% |
| 2006-06-30 | 20.07% |
| 2005-12-31 | 9.55% |
| 2005-06-30 | -13.62% |
| 2004-12-31 | -4.30% |
| 2004-06-30 | 20.05% |
| 2003-12-31 | -6.51% |
| 2003-06-30 | -0.23% |
