Basis: Latest reported fiscal year. 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 7.17% is in line with its 5-year average of 6.71%, near the high end of its 5-year range (1.24%–8.93%).
As of the fiscal period ended Wednesday, December 31, 2025. 2.12% below its 12-month average of 7.33%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
7.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.22%
CURRENT VS TTM AVG
-2.12%
CURRENT VS 3Y AVG
-4.62%
CURRENT VS 5Y AVG
+6.91%
CURRENT VS 10Y AVG
+29.89%
CURRENT VS 15Y AVG
+40.30%
CURRENT VS 20Y AVG
+15.29%
SECTOR MEDIAN · ENERGY
7.14%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+0.35%
vs the sector median at left
Energy Transfer LP
Market Cap
$69.27B
Return on Invested Capital (ROIC)
7.17%
TTM Avg
7.33%
3Y Avg
7.52%
5Y Avg
6.71%
Market Cap
$68.70B
Return on Invested Capital (ROIC)
5.33%
TTM Avg
5.22%
3Y Avg
5.08%
5Y Avg
4.66%
Market Cap
$70.96B
Return on Invested Capital (ROIC)
14.20%
TTM Avg
14.64%
3Y Avg
16.89%
5Y Avg
14.14%
Market Cap
$71.77B
Return on Invested Capital (ROIC)
58.12%
TTM Avg
36.44%
3Y Avg
28.12%
5Y Avg
20.84%
Market Cap
$74.99B
Return on Invested Capital (ROIC)
10.34%
TTM Avg
12.04%
3Y Avg
11.73%
5Y Avg
9.77%
Market Cap
$61.10B
Return on Invested Capital (ROIC)
11.64%
TTM Avg
11.95%
3Y Avg
-44.19%
5Y Avg
-29.71%
Market Cap
$77.67B
Return on Invested Capital (ROIC)
1.88%
TTM Avg
2.71%
3Y Avg
5.16%
5Y Avg
4.71%
Market Cap
$81.67B
Return on Invested Capital (ROIC)
10.29%
TTM Avg
10.89%
3Y Avg
11.31%
5Y Avg
10.78%
Market Cap
$81.75B
Return on Invested Capital (ROIC)
4.75%
TTM Avg
3.97%
3Y Avg
7.78%
5Y Avg
5.11%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Energy Transfer LP (ET) | $69.27B | 7.17% | 7.33% | 7.52% | 6.71% |
| Kinder Morgan, Inc. (KMI)vs › | $68.70B | 5.33% | 5.22% | 5.08% | 4.66% |
| Suncor Energy Inc. (SU)vs › | $70.96B | 14.20% | 14.64% | 16.89% | 14.14% |
| EOG Resources, Inc. (EOG)vs › | $71.77B | 58.12% | 36.44% | 28.12% | 20.84% |
| Slb N.V. (SLB)vs › | $74.99B | 10.34% | 12.04% | 11.73% | 9.77% |
| Baker Hughes Company (BKR)vs › | $61.10B | 11.64% | 11.95% | -44.19% | -29.71% |
| Eni S.p.A. (E)vs › | $77.67B | 1.88% | 2.71% | 5.16% | 4.71% |
| Enterprise Products Partners L.P. (EPD)vs › | $81.67B | 10.29% | 10.89% | 11.31% | 10.78% |
| Phillips 66 (PSX)vs › | $81.75B | 4.75% | 3.97% | 7.78% | 5.11% |
| Occidental Petroleum Corporation (OXY)vs › | $55.61B | 3.15% | 4.32% | 8.73% | 6.32% |
ROIC
7.2%
ROE
12.4%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 7.17% |
| 2024-12-31 | 7.48% |
| 2023-12-31 | 7.58% |
| 2022-12-31 | 7.84% |
| 2021-12-31 | 8.93% |
| 2020-12-31 | 1.24% |
| 2019-12-31 | 7.58% |
| 2018-12-31 | 6.61% |
| 2017-12-31 | 3.44% |
| 2016-12-31 | -0.59% |
| 2015-12-31 | 3.44% |
| 2014-12-31 | 3.15% |
| 2013-12-31 | 2.62% |
| 2012-12-31 | 3.04% |
| 2011-12-31 | 6.14% |
| 2010-12-31 | 6.10% |
| 2009-12-31 | 9.69% |
| 2008-12-31 | 11.03% |
| 2007-08-31 | 10.87% |
| 2006-08-31 | 11.02% |
| 2005-08-31 | 7.71% |
| 2004-08-31 | 5.22% |
