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 8.16% is in line with its 5-year average of 7.67%, around the middle of its 5-year range (6.69%–9.20%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.09% above its 12-month average of 7.62%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 8.16%.
RETURN ON INVESTED CAPITAL (ROIC)
8.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.16%
CURRENT VS TTM AVG
+7.09%
CURRENT VS 3Y AVG
+6.83%
CURRENT VS 5Y AVG
+6.29%
CURRENT VS 10Y AVG
+31.14%
CURRENT VS 15Y AVG
+51.12%
CURRENT VS 20Y AVG
+32.41%
SECTOR MEDIAN · ENERGY
8.92%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
-8.55%
vs the sector median at left
Energy Transfer LP
Market Cap
$69.30B
Return on Invested Capital (ROIC)
8.16%
TTM Avg
7.62%
3Y Avg
7.64%
5Y Avg
7.67%
Market Cap
$68.44B
Return on Invested Capital (ROIC)
5.72%
TTM Avg
5.22%
3Y Avg
5.08%
5Y Avg
4.88%
Market Cap
$75.11B
Return on Invested Capital (ROIC)
16.57%
TTM Avg
14.05%
3Y Avg
17.01%
5Y Avg
13.41%
Market Cap
$76.70B
Return on Invested Capital (ROIC)
9.15%
TTM Avg
12.04%
3Y Avg
11.73%
5Y Avg
9.83%
Market Cap
$61.18B
Return on Invested Capital (ROIC)
5.18%
TTM Avg
4.58%
3Y Avg
3.92%
5Y Avg
4.55%
Market Cap
$59.64B
Return on Invested Capital (ROIC)
14.09%
TTM Avg
12.00%
3Y Avg
11.71%
5Y Avg
11.51%
Market Cap
$79.49B
Return on Invested Capital (ROIC)
1.92%
TTM Avg
3.40%
3Y Avg
5.69%
5Y Avg
5.08%
Market Cap
$79.86B
Return on Invested Capital (ROIC)
11.34%
TTM Avg
10.90%
3Y Avg
11.31%
5Y Avg
10.78%
Market Cap
$80.49B
Return on Invested Capital (ROIC)
14.57%
TTM Avg
14.70%
3Y Avg
16.95%
5Y Avg
14.20%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Energy Transfer LP (ET) | $69.30B | 8.16% | 7.62% | 7.64% | 7.67% |
| Kinder Morgan, Inc. (KMI)vs › | $68.44B | 5.72% | 5.22% | 5.08% | 4.88% |
| EOG Resources, Inc. (EOG)vs › | $75.11B | 16.57% | 14.05% | 17.01% | 13.41% |
| Slb N.V. (SLB)vs › | $76.70B | 9.15% | 12.04% | 11.73% | 9.83% |
| TC Energy Corporation (TRP)vs › | $61.18B | 5.18% | 4.58% | 3.92% | 4.55% |
| Targa Resources Corp. (TRGP)vs › | $59.64B | 14.09% | 12.00% | 11.71% | 11.51% |
| Eni S.p.A. (E)vs › | $79.49B | 1.92% | 3.40% | 5.69% | 5.08% |
| Enterprise Products Partners L.P. (EPD)vs › | $79.86B | 11.34% | 10.90% | 11.31% | 10.78% |
| Suncor Energy Inc. (SU)vs › | $80.49B | 14.57% | 14.70% | 16.95% | 14.20% |
| MPLX Lp (MPLX)vs › | $57.63B | 13.47% | 13.08% | 13.59% | 11.20% |
ROIC
8.2%
ROE
16.5%
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 | 8.16% |
| 2026-03-31 | 7.36% |
| 2025-12-31 | 7.17% |
| 2025-09-30 | 7.56% |
| 2025-06-30 | 7.84% |
| 2025-03-31 | 7.62% |
| 2024-12-31 | 7.49% |
| 2024-09-30 | 7.53% |
| 2024-06-30 | 7.72% |
| 2024-03-31 | 7.81% |
| 2023-12-31 | 7.59% |
| 2023-09-30 | 7.83% |
| 2023-06-30 | 7.60% |
| 2023-03-31 | 8.04% |
| 2022-12-31 | 7.85% |
| 2022-09-30 | 7.91% |
| 2022-06-30 | 7.29% |
| 2022-03-31 | 6.69% |
| 2021-12-31 | 8.93% |
| 2021-09-30 | 9.20% |
| 2021-06-30 | 7.79% |
| 2021-03-31 | 7.45% |
| 2020-12-31 | 1.84% |
| 2020-09-30 | 3.06% |
| 2020-06-30 | 5.08% |
| 2020-03-31 | 5.87% |
| 2019-12-31 | 7.63% |
| 2019-09-30 | 7.83% |
| 2019-06-30 | 7.88% |
| 2019-03-31 | 7.10% |
| 2018-12-31 | 6.55% |
| 2018-09-30 | 5.23% |
| 2018-06-30 | 4.31% |
| 2018-03-31 | 4.02% |
| 2017-12-31 | 3.45% |
| 2017-09-30 | 2.18% |
| 2017-06-30 | 1.86% |
| 2017-03-31 | 1.97% |
| 2016-12-31 | 1.96% |
| 2016-09-30 | 3.36% |
| 2016-06-30 | 3.45% |
| 2016-03-31 | 3.65% |
| 2015-12-31 | 3.61% |
| 2015-09-30 | 3.30% |
| 2015-06-30 | 3.61% |
| 2015-03-31 | 3.04% |
| 2014-12-31 | 3.15% |
| 2014-09-30 | 2.78% |
| 2014-06-30 | 2.54% |
| 2014-03-31 | 2.13% |
| 2013-12-31 | 2.62% |
| 2013-09-30 | 4.27% |
| 2013-06-30 | 3.85% |
| 2013-03-31 | 3.53% |
| 2012-12-31 | 3.01% |
| 2012-09-30 | 3.94% |
| 2012-06-30 | 3.69% |
| 2012-03-31 | 3.36% |
| 2011-12-31 | 6.14% |
| 2011-09-30 | 6.11% |
| 2011-06-30 | 5.89% |
| 2011-03-31 | 6.09% |
| 2010-12-31 | 6.10% |
| 2010-09-30 | 6.62% |
| 2010-06-30 | 6.76% |
| 2010-03-31 | 9.23% |
| 2009-12-31 | 9.69% |
| 2009-09-30 | 9.14% |
| 2009-06-30 | 10.23% |
| 2009-03-31 | 10.61% |
| 2008-12-31 | 11.03% |
| 2008-09-30 | 10.48% |
| 2008-06-30 | 10.57% |
| 2008-03-31 | 10.54% |
| 2007-11-30 | 8.13% |
| 2007-08-31 | 7.52% |
| 2007-05-31 | 6.37% |
| 2007-02-28 | 5.64% |
| 2006-11-30 | 7.94% |
| 2006-08-31 | 10.90% |
| 2006-05-31 | 12.36% |
| 2006-02-28 | 11.86% |
| 2005-11-30 | 8.59% |
