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 6.38% is 147% above its 5-year average of -13.44%, near the high end of its 5-year range (-159.32%–29.42%).
As of the fiscal period ended Wednesday, December 31, 2025. 246.74% above its 12-month average of 1.84%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
6.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
1.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
12.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-13.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-20.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.50%
CURRENT VS TTM AVG
+246.74%
CURRENT VS 3Y AVG
-50.59%
CURRENT VS 5Y AVG
+147.49%
CURRENT VS 10Y AVG
+130.78%
CURRENT VS 15Y AVG
+67.69%
CURRENT VS 20Y AVG
+41.69%
SECTOR MEDIAN · ENERGY
7.14%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
-10.71%
vs the sector median at left
Expand Energy Corporation
Market Cap
$21.49B
Return on Invested Capital (ROIC)
6.38%
TTM Avg
1.84%
3Y Avg
12.91%
5Y Avg
-13.44%
Market Cap
$23.50B
Return on Invested Capital (ROIC)
30.12%
TTM Avg
32.86%
3Y Avg
38.58%
5Y Avg
37.62%
Market Cap
$24.72B
Return on Invested Capital (ROIC)
8.00%
TTM Avg
6.80%
3Y Avg
10.87%
5Y Avg
9.26%
Market Cap
$26.64B
Return on Invested Capital (ROIC)
8.38%
TTM Avg
11.54%
3Y Avg
12.77%
5Y Avg
8.00%
Market Cap
$28.46B
Return on Invested Capital (ROIC)
10.12%
TTM Avg
10.43%
3Y Avg
14.13%
5Y Avg
9.32%
Market Cap
$13.30B
Return on Invested Capital (ROIC)
9.96%
TTM Avg
12.00%
3Y Avg
21.17%
5Y Avg
17.07%
Market Cap
$30.10B
Return on Invested Capital (ROIC)
10.46%
TTM Avg
11.22%
3Y Avg
17.56%
5Y Avg
14.65%
Market Cap
$32.33B
Return on Invested Capital (ROIC)
6.18%
TTM Avg
3.92%
3Y Avg
6.66%
5Y Avg
2.88%
Market Cap
$32.38B
Return on Invested Capital (ROIC)
8.20%
TTM Avg
5.85%
3Y Avg
12.44%
5Y Avg
9.95%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Expand Energy Corporation (EXE) | $21.49B | 6.38% | 1.84% | 12.91% | -13.44% |
| Texas Pacific Land Corporation (TPL)vs › | $23.50B | 30.12% | 32.86% | 38.58% | 37.62% |
| Coterra Energy Inc. (CTRA)vs › | $24.72B | 8.00% | 6.80% | 10.87% | 9.26% |
| Halliburton Company (HAL)vs › | $26.64B | 8.38% | 11.54% | 12.77% | 8.00% |
| Tenaris S.A. (TS)vs › | $28.46B | 10.12% | 10.43% | 14.13% | 9.32% |
| APA Corporation (APA)vs › | $13.30B | 9.96% | 12.00% | 21.17% | 17.07% |
| Devon Energy Corporation (DVN)vs › | $30.10B | 10.46% | 11.22% | 17.56% | 14.65% |
| EQT Corporation (EQT)vs › | $32.33B | 6.18% | 3.92% | 6.66% | 2.88% |
| Venture Global, Inc. (VG)vs › | $32.38B | 8.20% | 5.85% | 12.44% | 9.95% |
| Antero Midstream Corporation (AM)vs › | $10.10B | 8.18% | 8.25% | 7.88% | 6.27% |
ROIC
6.4%
ROE
14.3%
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 | 6.38% |
| 2024-12-31 | -2.70% |
| 2023-12-31 | 18.55% |
| 2022-12-31 | 29.42% |
| 2021-12-31 | 27.06% |
| 2020-12-31 | -159.32% |
| 2019-12-31 | -0.11% |
| 2018-12-31 | 3.73% |
| 2017-12-31 | -1.36% |
| 2016-12-31 | -43.84% |
| 2015-12-31 | -105.85% |
| 2014-12-31 | 6.30% |
| 2013-12-31 | 3.54% |
| 2012-12-31 | -2.89% |
| 2011-12-31 | 5.13% |
| 2010-12-31 | 5.28% |
| 2009-12-31 | -20.53% |
| 2008-12-31 | 2.55% |
| 2007-12-31 | 5.87% |
| 2006-12-31 | 9.32% |
| 2005-12-31 | 7.95% |
| 2004-12-31 | 8.72% |
| 2003-12-31 | 10.31% |
| 2002-12-31 | 4.41% |
| 2001-12-31 | 14.79% |
| 2000-12-31 | 21.80% |
| 1999-12-31 | 7.99% |
| 1998-12-31 | 39.47% |
| 1997-06-30 | -22.89% |
| 1996-06-30 | 9.83% |
