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 16.57% is in line with its 5-year average of 16.21%, around the middle of its 5-year range (6.21%–25.49%).
As of the fiscal period ended Tuesday, June 30, 2026. 20.10% above its 12-month average of 13.80%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 16.57%.
RETURN ON INVESTED CAPITAL (ROIC)
16.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
13.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
16.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
16.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
9.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.46%
CURRENT VS TTM AVG
+20.10%
CURRENT VS 3Y AVG
+1.39%
CURRENT VS 5Y AVG
+2.21%
CURRENT VS 10Y AVG
+58.71%
CURRENT VS 15Y AVG
+79.53%
CURRENT VS 20Y AVG
+75.25%
SECTOR MEDIAN · ENERGY
8.92%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+85.77%
vs the sector median at left
EOG Resources, Inc.
Market Cap
$81.95B
Return on Invested Capital (ROIC)
16.57%
TTM Avg
13.80%
3Y Avg
16.34%
5Y Avg
16.21%
Market Cap
$82.03B
Return on Invested Capital (ROIC)
1.92%
TTM Avg
3.40%
3Y Avg
5.69%
5Y Avg
5.08%
Market Cap
$80.47B
Return on Invested Capital (ROIC)
9.15%
TTM Avg
12.04%
3Y Avg
11.73%
5Y Avg
9.83%
Market Cap
$84.07B
Return on Invested Capital (ROIC)
11.34%
TTM Avg
10.90%
3Y Avg
11.31%
5Y Avg
10.78%
Market Cap
$84.77B
Return on Invested Capital (ROIC)
14.57%
TTM Avg
14.70%
3Y Avg
16.95%
5Y Avg
14.20%
Market Cap
$87.35B
Return on Invested Capital (ROIC)
6.64%
TTM Avg
5.63%
3Y Avg
5.90%
5Y Avg
5.28%
Market Cap
$73.59B
Return on Invested Capital (ROIC)
8.16%
TTM Avg
7.33%
3Y Avg
7.52%
5Y Avg
6.81%
Market Cap
$68.56B
Return on Invested Capital (ROIC)
5.72%
TTM Avg
5.22%
3Y Avg
5.08%
5Y Avg
4.88%
Market Cap
$63.55B
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 |
|---|---|---|---|---|---|
| EOG Resources, Inc. (EOG) | $81.95B | 16.57% | 13.80% | 16.34% | 16.21% |
| Eni S.p.A. (E)vs › | $82.03B | 1.92% | 3.40% | 5.69% | 5.08% |
| Slb N.V. (SLB)vs › | $80.47B | 9.15% | 12.04% | 11.73% | 9.83% |
| Enterprise Products Partners L.P. (EPD)vs › | $84.07B | 11.34% | 10.90% | 11.31% | 10.78% |
| Suncor Energy Inc. (SU)vs › | $84.77B | 14.57% | 14.70% | 16.95% | 14.20% |
| The Williams Companies, Inc. (WMB)vs › | $87.35B | 6.64% | 5.63% | 5.90% | 5.28% |
| Energy Transfer LP (ET)vs › | $73.59B | 8.16% | 7.33% | 7.52% | 6.81% |
| Kinder Morgan, Inc. (KMI)vs › | $68.56B | 5.72% | 5.22% | 5.08% | 4.88% |
| TC Energy Corporation (TRP)vs › | $63.55B | 5.18% | 4.58% | 3.92% | 4.55% |
| Occidental Petroleum Corporation (OXY)vs › | $63.29B | 5.87% | 4.33% | 8.79% | 6.29% |
ROIC
16.6%
ROE
21.6%
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 | 16.57% |
| 2026-03-31 | 14.10% |
| 2025-12-31 | 13.23% |
| 2025-09-30 | 11.59% |
| 2025-06-30 | 13.50% |
| 2025-03-31 | 14.06% |
| 2024-12-31 | 14.88% |
| 2024-09-30 | 16.84% |
| 2024-06-30 | 18.03% |
| 2024-03-31 | 17.97% |
| 2023-12-31 | 18.90% |
| 2023-09-30 | 19.86% |
| 2023-06-30 | 22.95% |
| 2023-03-31 | 25.49% |
| 2022-12-31 | 21.03% |
| 2022-09-30 | 20.95% |
| 2022-06-30 | 17.29% |
| 2022-03-31 | 13.61% |
| 2021-12-31 | 14.03% |
| 2021-09-30 | 9.41% |
| 2021-06-30 | 6.21% |
| 2021-03-31 | 0.57% |
| 2020-12-31 | -1.64% |
| 2020-09-30 | -0.51% |
| 2020-06-30 | 1.37% |
| 2020-03-31 | 6.53% |
| 2019-12-31 | 8.48% |
| 2019-09-30 | 9.41% |
| 2019-06-30 | 11.49% |
| 2019-03-31 | 11.12% |
| 2018-12-31 | 11.58% |
| 2018-09-30 | 12.54% |
| 2018-06-30 | 8.71% |
| 2018-03-31 | 5.99% |
| 2017-12-31 | 3.37% |
| 2017-09-30 | 0.71% |
| 2017-06-30 | -0.23% |
| 2017-03-30 | -1.76% |
| 2016-12-31 | -4.47% |
| 2016-09-30 | -6.08% |
| 2016-06-30 | -31.00% |
| 2016-03-31 | -28.84% |
| 2015-12-31 | -26.57% |
| 2015-09-30 | -20.30% |
| 2015-06-30 | 5.01% |
| 2015-03-31 | 6.94% |
| 2014-12-31 | 9.75% |
| 2014-09-30 | 10.27% |
| 2014-06-30 | 8.54% |
| 2014-03-31 | 8.71% |
| 2013-12-31 | 8.48% |
| 2013-09-30 | 4.68% |
| 2013-06-30 | 4.47% |
| 2013-03-31 | 3.77% |
| 2012-12-31 | 3.28% |
| 2012-09-30 | 5.16% |
| 2012-06-30 | 6.43% |
| 2012-03-31 | 6.12% |
| 2011-09-30 | 5.03% |
| 2011-06-30 | 2.59% |
| 2011-03-31 | 1.49% |
| 2010-12-31 | 1.47% |
| 2010-09-30 | 3.16% |
| 2010-06-30 | 3.64% |
| 2010-03-31 | 3.35% |
| 2009-12-31 | 3.62% |
| 2009-09-30 | 4.12% |
| 2009-06-30 | 14.03% |
| 2009-03-31 | 16.14% |
| 2008-12-31 | 17.23% |
| 2008-09-30 | 16.71% |
| 2008-06-30 | 8.48% |
| 2008-03-31 | 9.96% |
| 2007-12-31 | 10.26% |
| 2007-09-30 | 9.42% |
| 2007-06-30 | 11.23% |
| 2007-03-31 | 12.39% |
| 2006-12-31 | 15.82% |
| 2006-09-30 | 18.88% |
| 2006-06-30 | 20.37% |
| 2006-03-31 | 20.47% |
| 2005-12-31 | 19.03% |
| 2005-09-30 | 16.33% |
| 2005-06-30 | 14.68% |
| 2005-03-31 | 13.59% |
| 2004-12-31 | 12.79% |
| 2004-09-30 | 10.73% |
| 2004-06-30 | 10.22% |
| 2004-03-31 | 9.72% |
| 2003-12-31 | 10.91% |
| 2003-09-30 | 10.87% |
| 2003-06-30 | 9.14% |
