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 5.88% is 48% below its 5-year average of 11.25%, around the middle of its 5-year range (-2.34%–23.49%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.03% above its 12-month average of 5.82%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 5.88%.
RETURN ON INVESTED CAPITAL (ROIC)
5.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
8.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+1.03%
CURRENT VS 3Y AVG
-32.71%
CURRENT VS 5Y AVG
-47.74%
CURRENT VS 10Y AVG
-32.90%
CURRENT VS 15Y AVG
+3.97%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
8.92%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
-34.12%
vs the sector median at left
Diamondback Energy, Inc.
Market Cap
$52.51B
Return on Invested Capital (ROIC)
5.88%
TTM Avg
5.82%
3Y Avg
8.73%
5Y Avg
11.25%
Market Cap
$51.76B
Return on Invested Capital (ROIC)
5.61%
TTM Avg
11.22%
3Y Avg
17.56%
5Y Avg
14.66%
Market Cap
$55.85B
Return on Invested Capital (ROIC)
8.77%
TTM Avg
7.46%
3Y Avg
8.21%
5Y Avg
8.27%
Market Cap
$56.55B
Return on Invested Capital (ROIC)
5.87%
TTM Avg
4.33%
3Y Avg
8.79%
5Y Avg
6.29%
Market Cap
$57.41B
Return on Invested Capital (ROIC)
9.23%
TTM Avg
11.95%
3Y Avg
9.10%
5Y Avg
6.91%
Market Cap
$57.64B
Return on Invested Capital (ROIC)
13.47%
TTM Avg
13.08%
3Y Avg
13.59%
5Y Avg
11.20%
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
$61.19B
Return on Invested Capital (ROIC)
5.18%
TTM Avg
4.58%
3Y Avg
3.92%
5Y Avg
4.55%
Market Cap
$38.36B
Return on Invested Capital (ROIC)
4.10%
TTM Avg
4.28%
3Y Avg
2.75%
5Y Avg
1.34%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Diamondback Energy, Inc. (FANG) | $52.51B | 5.88% | 5.82% | 8.73% | 11.25% |
| Devon Energy Corporation (DVN)vs › | $51.76B | 5.61% | 11.22% | 17.56% | 14.66% |
| ONEOK, Inc. (OKE)vs › | $55.85B | 8.77% | 7.46% | 8.21% | 8.27% |
| Occidental Petroleum Corporation (OXY)vs › | $56.55B | 5.87% | 4.33% | 8.79% | 6.29% |
| Baker Hughes Company (BKR)vs › | $57.41B | 9.23% | 11.95% | 9.10% | 6.91% |
| MPLX Lp (MPLX)vs › | $57.64B | 13.47% | 13.08% | 13.59% | 11.20% |
| Targa Resources Corp. (TRGP)vs › | $59.64B | 14.09% | 12.00% | 11.71% | 11.51% |
| TC Energy Corporation (TRP)vs › | $61.19B | 5.18% | 4.58% | 3.92% | 4.55% |
| Cameco Corporation (CCJ)vs › | $38.36B | 4.10% | 4.28% | 2.75% | 1.34% |
| Kinder Morgan, Inc. (KMI)vs › | $68.47B | 5.72% | 5.22% | 5.08% | 4.88% |
ROIC
5.9%
ROE
4.2%
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 | 5.88% |
| 2026-03-31 | 5.09% |
| 2025-12-31 | 6.00% |
| 2025-09-30 | 6.18% |
| 2025-06-30 | 5.93% |
| 2025-03-31 | 6.11% |
| 2024-12-31 | 5.79% |
| 2024-09-30 | 5.27% |
| 2024-06-30 | 11.29% |
| 2024-03-31 | 13.28% |
| 2023-12-31 | 13.34% |
| 2023-09-30 | 14.03% |
| 2023-06-30 | 15.33% |
| 2023-03-31 | 18.16% |
| 2022-12-31 | 21.12% |
| 2022-09-30 | 23.49% |
| 2022-06-30 | 21.94% |
| 2022-03-31 | 18.56% |
| 2021-12-31 | 14.57% |
| 2021-09-30 | 7.13% |
| 2021-06-30 | -2.34% |
| 2021-03-31 | -20.19% |
| 2020-12-31 | -33.04% |
| 2020-09-30 | -28.86% |
| 2020-06-30 | -18.20% |
| 2020-03-31 | -1.06% |
| 2019-12-31 | 2.72% |
| 2019-09-30 | 4.61% |
| 2019-06-30 | 4.42% |
| 2019-03-31 | 4.53% |
| 2018-12-31 | 4.17% |
| 2018-09-30 | 10.53% |
| 2018-06-30 | 10.72% |
| 2018-03-31 | 9.48% |
| 2017-12-31 | 8.41% |
| 2017-09-30 | 6.89% |
| 2017-06-30 | 5.25% |
| 2017-03-31 | 1.04% |
| 2016-12-31 | -1.33% |
| 2016-09-30 | -10.25% |
| 2016-06-30 | -22.42% |
| 2016-03-31 | -27.12% |
| 2015-12-31 | -28.29% |
| 2015-09-30 | -18.43% |
| 2015-06-30 | -6.48% |
| 2015-03-31 | 3.68% |
| 2014-12-31 | 4.83% |
| 2014-09-30 | 5.21% |
| 2014-06-30 | 6.03% |
| 2014-03-31 | 4.78% |
| 2013-12-31 | 4.30% |
| 2013-09-30 | 2.43% |
| 2013-06-30 | 2.71% |
| 2013-03-31 | 1.87% |
| 2012-12-31 | 1.83% |
| 2012-09-30 | 4.24% |
| 2012-06-30 | 4.24% |
| 2012-03-31 | 8.13% |
| 2011-12-31 | 3.98% |
| 2011-09-30 | 4.97% |
