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 3.82% is 60% below its 5-year average of 9.46%, near the low end of its 5-year range (0.43%–19.21%).
As of the fiscal period ended Tuesday, June 30, 2026. 18.74% below its 12-month average of 4.70%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 3.82%.
RETURN ON INVESTED CAPITAL (ROIC)
3.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
8.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-10.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-18.74%
CURRENT VS 3Y AVG
-22.84%
CURRENT VS 5Y AVG
-59.62%
CURRENT VS 10Y AVG
-56.23%
CURRENT VS 15Y AVG
+135.06%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
8.92%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
-57.19%
vs the sector median at left
Enphase Energy, Inc.
Market Cap
$4.80B
Return on Invested Capital (ROIC)
3.82%
TTM Avg
4.70%
3Y Avg
4.95%
5Y Avg
9.46%
Market Cap
$5.04B
Return on Invested Capital (ROIC)
17.61%
TTM Avg
8.68%
3Y Avg
16.84%
5Y Avg
16.28%
Market Cap
$5.08B
Return on Invested Capital (ROIC)
15.18%
TTM Avg
13.23%
3Y Avg
9.46%
5Y Avg
2.19%
Market Cap
$4.40B
Return on Invested Capital (ROIC)
4.41%
TTM Avg
4.99%
3Y Avg
5.20%
5Y Avg
-0.31%
Market Cap
$6.37B
Return on Invested Capital (ROIC)
13.74%
TTM Avg
18.42%
3Y Avg
16.36%
5Y Avg
5.39%
Market Cap
$2.89B
Return on Invested Capital (ROIC)
0.35%
TTM Avg
4.10%
3Y Avg
10.06%
5Y Avg
19.58%
Market Cap
$2.11B
Return on Invested Capital (ROIC)
-9.31%
TTM Avg
-54.47%
3Y Avg
-26.41%
5Y Avg
-15.28%
Market Cap
$7.95B
Return on Invested Capital (ROIC)
12.93%
TTM Avg
12.42%
3Y Avg
16.04%
5Y Avg
11.07%
Market Cap
$1.47B
Return on Invested Capital (ROIC)
16.32%
TTM Avg
22.74%
3Y Avg
28.03%
5Y Avg
20.53%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Enphase Energy, Inc. (ENPH) | $4.80B | 3.82% | 4.70% | 4.95% | 9.46% |
| California Resources Corp (CRC)vs › | $5.04B | 17.61% | 8.68% | 16.84% | 16.28% |
| Oceaneering International, Inc. (OII)vs › | $5.08B | 15.18% | 13.23% | 9.46% | 2.19% |
| Helmerich & Payne, Inc. (HP)vs › | $4.40B | 4.41% | 4.99% | 5.20% | -0.31% |
| Weatherford International plc (WFRD)vs › | $6.37B | 13.74% | 18.42% | 16.36% | 5.39% |
| Centrus Energy Corp. (LEU)vs › | $2.89B | 0.35% | 4.10% | 10.06% | 19.58% |
| SolarEdge Technologies, Inc. (SEDG)vs › | $2.11B | -9.31% | -54.47% | -26.41% | -15.28% |
| Vista Energy, S.A.B. de C.V. (VIST)vs › | $7.95B | 12.93% | 12.42% | 16.04% | 11.07% |
| Natural Resource Partners L.P. (NRP)vs › | $1.47B | 16.32% | 22.74% | 28.03% | 20.53% |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.43B | 34.01% | 22.12% | 45.21% | 42.46% |
ROIC
3.8%
ROE
11.3%
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 | 3.82% |
| 2026-03-31 | 3.98% |
| 2025-12-31 | 4.58% |
| 2025-09-30 | 5.66% |
| 2025-06-30 | 5.45% |
| 2025-03-31 | 4.46% |
| 2024-12-31 | 2.45% |
| 2024-09-30 | 0.43% |
| 2024-06-30 | 2.55% |
| 2024-03-31 | 7.67% |
| 2023-12-31 | 13.38% |
| 2023-09-30 | 18.19% |
| 2023-06-30 | 19.21% |
| 2023-03-31 | 17.34% |
| 2022-12-31 | 15.53% |
| 2022-09-30 | 13.82% |
| 2022-06-30 | 11.04% |
| 2022-03-31 | 10.47% |
| 2021-12-31 | 12.51% |
| 2021-09-30 | 12.31% |
| 2021-06-30 | 13.72% |
| 2021-03-31 | 10.48% |
| 2020-12-31 | 18.71% |
| 2020-09-30 | 16.08% |
| 2020-06-30 | 15.19% |
| 2020-03-31 | 15.57% |
| 2019-12-31 | 19.88% |
| 2019-09-30 | 16.02% |
| 2019-06-30 | 7.35% |
| 2019-03-31 | 5.79% |
| 2018-12-31 | 0.72% |
| 2018-09-30 | -2.57% |
| 2018-06-30 | -9.05% |
| 2018-03-31 | -16.10% |
| 2017-12-31 | -41.52% |
| 2017-09-30 | -46.34% |
| 2017-06-30 | -55.67% |
| 2017-03-31 | -57.45% |
| 2016-12-31 | -66.75% |
| 2016-09-30 | -64.85% |
| 2016-06-30 | -60.08% |
| 2016-03-31 | -33.32% |
| 2015-12-31 | -17.60% |
| 2015-09-30 | -1.81% |
| 2015-06-30 | -1.81% |
| 2015-03-31 | -4.60% |
| 2014-12-31 | -4.74% |
| 2014-09-30 | -8.91% |
| 2014-06-30 | -18.36% |
| 2014-03-31 | -22.12% |
| 2013-12-31 | -25.52% |
| 2013-09-30 | -32.87% |
| 2013-06-30 | -35.75% |
| 2013-03-31 | -37.42% |
| 2012-12-31 | -34.31% |
| 2012-09-30 | -31.05% |
| 2012-06-30 | -27.66% |
| 2012-03-31 | -57.32% |
| 2011-12-31 | -49.23% |
| 2011-09-30 | -63.86% |
| 2011-06-30 | -60.06% |
| 2011-03-31 | -60.71% |
| 2010-12-31 | -42.39% |
