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 20.77% is in line with its 5-year average of 20.94%, around the middle of its 5-year range (19.82%–22.20%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.46% above its 12-month average of 20.47%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 20.77%.
RETURN ON INVESTED CAPITAL (ROIC)
20.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
20.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
20.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
20.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
17.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+1.46%
CURRENT VS 3Y AVG
+0.19%
CURRENT VS 5Y AVG
-0.80%
CURRENT VS 10Y AVG
+20.12%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
8.92%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
+132.84%
vs the sector median at left
Hess Midstream LP
Market Cap
$7.80B
Return on Invested Capital (ROIC)
20.77%
TTM Avg
20.47%
3Y Avg
20.73%
5Y Avg
20.94%
Market Cap
$6.70B
Return on Invested Capital (ROIC)
12.93%
TTM Avg
12.42%
3Y Avg
16.04%
5Y Avg
11.07%
Market Cap
$9.66B
Return on Invested Capital (ROIC)
8.64%
TTM Avg
8.25%
3Y Avg
7.88%
5Y Avg
6.16%
Market Cap
$5.71B
Return on Invested Capital (ROIC)
13.74%
TTM Avg
18.42%
3Y Avg
16.36%
5Y Avg
5.39%
Market Cap
$4.66B
Return on Invested Capital (ROIC)
17.61%
TTM Avg
8.68%
3Y Avg
16.84%
5Y Avg
16.28%
Market Cap
$4.42B
Return on Invested Capital (ROIC)
3.82%
TTM Avg
3.62%
3Y Avg
9.03%
5Y Avg
11.22%
Market Cap
$4.41B
Return on Invested Capital (ROIC)
15.18%
TTM Avg
13.23%
3Y Avg
9.46%
5Y Avg
2.19%
Market Cap
$3.85B
Return on Invested Capital (ROIC)
4.41%
TTM Avg
4.99%
3Y Avg
5.20%
5Y Avg
-0.31%
Market Cap
$12.78B
Return on Invested Capital (ROIC)
18.50%
TTM Avg
21.56%
3Y Avg
21.42%
5Y Avg
20.08%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Hess Midstream LP (HESM) | $7.80B | 20.77% | 20.47% | 20.73% | 20.94% |
| Vista Energy, S.A.B. de C.V. (VIST)vs › | $6.70B | 12.93% | 12.42% | 16.04% | 11.07% |
| Antero Midstream Corporation (AM)vs › | $9.66B | 8.64% | 8.25% | 7.88% | 6.16% |
| Weatherford International plc (WFRD)vs › | $5.71B | 13.74% | 18.42% | 16.36% | 5.39% |
| California Resources Corp (CRC)vs › | $4.66B | 17.61% | 8.68% | 16.84% | 16.28% |
| Enphase Energy, Inc. (ENPH)vs › | $4.42B | 3.82% | 3.62% | 9.03% | 11.22% |
| Oceaneering International, Inc. (OII)vs › | $4.41B | 15.18% | 13.23% | 9.46% | 2.19% |
| Helmerich & Payne, Inc. (HP)vs › | $3.85B | 4.41% | 4.99% | 5.20% | -0.31% |
| Nextpower Inc. (NXT)vs › | $12.78B | 18.50% | 21.56% | 21.42% | 20.08% |
| Centrus Energy Corp. (LEU)vs › | $2.64B | 0.35% | 4.10% | 10.06% | 19.58% |
ROIC
20.8%
ROE
72.9%
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 | 20.77% |
| 2026-03-31 | 20.59% |
| 2025-12-31 | 20.42% |
| 2025-09-30 | 20.41% |
| 2025-06-30 | 20.16% |
| 2025-03-31 | 20.30% |
| 2024-12-31 | 20.96% |
| 2024-09-30 | 20.50% |
| 2024-06-30 | 20.82% |
| 2024-03-31 | 21.30% |
| 2023-12-31 | 21.41% |
| 2023-09-30 | 20.81% |
| 2023-06-30 | 21.06% |
| 2023-03-31 | 21.47% |
| 2022-12-31 | 21.83% |
| 2022-09-30 | 22.20% |
| 2022-06-30 | 21.25% |
| 2022-03-31 | 21.63% |
| 2021-12-31 | 21.51% |
| 2021-09-30 | 20.46% |
| 2021-06-30 | 19.82% |
| 2021-03-31 | 18.06% |
| 2020-12-31 | 17.43% |
| 2020-09-30 | 15.48% |
| 2020-06-30 | 14.73% |
| 2020-03-31 | 13.52% |
| 2019-12-31 | 12.06% |
| 2019-09-30 | 13.15% |
| 2019-06-30 | 13.29% |
| 2019-03-31 | 13.55% |
| 2018-12-31 | 13.04% |
| 2018-09-30 | 13.33% |
| 2018-06-30 | 12.83% |
| 2018-03-31 | 12.06% |
| 2017-12-31 | 11.18% |
| 2017-09-30 | 10.84% |
| 2017-06-30 | 9.74% |
| 2017-03-31 | 9.77% |
| 2016-12-31 | 10.63% |
| 2015-12-31 | 9.27% |
| 2015-09-30 | 9.77% |
| 2015-06-30 | 7.92% |
| 2015-03-31 | 5.96% |
| 2014-12-31 | 2.69% |
| 2014-09-30 | -3.58% |
| 2014-06-30 | -7.31% |
| 2013-12-31 | -14.83% |
