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 5.72% is 10% above its 5-year average of 5.18%, around the middle of its 5-year range (4.63%–6.36%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.20% above its 12-month average of 5.43%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 5.72%.
RETURN ON INVESTED CAPITAL (ROIC)
5.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
5.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+5.20%
CURRENT VS 3Y AVG
+12.21%
CURRENT VS 5Y AVG
+10.28%
CURRENT VS 10Y AVG
+35.83%
CURRENT VS 15Y AVG
+44.06%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
8.92%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
-35.93%
vs the sector median at left
Kinder Morgan, Inc.
Market Cap
$70.63B
Return on Invested Capital (ROIC)
5.72%
TTM Avg
5.43%
3Y Avg
5.09%
5Y Avg
5.18%
Market Cap
$71.92B
Return on Invested Capital (ROIC)
8.16%
TTM Avg
7.33%
3Y Avg
7.52%
5Y Avg
6.81%
Market Cap
$75.30B
Return on Invested Capital (ROIC)
16.57%
TTM Avg
14.05%
3Y Avg
17.01%
5Y Avg
13.41%
Market Cap
$76.82B
Return on Invested Capital (ROIC)
9.15%
TTM Avg
12.04%
3Y Avg
11.73%
5Y Avg
9.83%
Market Cap
$78.29B
Return on Invested Capital (ROIC)
1.92%
TTM Avg
3.40%
3Y Avg
5.69%
5Y Avg
5.08%
Market Cap
$62.96B
Return on Invested Capital (ROIC)
5.18%
TTM Avg
4.58%
3Y Avg
3.92%
5Y Avg
4.55%
Market Cap
$62.11B
Return on Invested Capital (ROIC)
14.09%
TTM Avg
12.00%
3Y Avg
11.71%
5Y Avg
11.51%
Market Cap
$79.39B
Return on Invested Capital (ROIC)
14.57%
TTM Avg
14.70%
3Y Avg
16.95%
5Y Avg
14.20%
Market Cap
$59.96B
Return on Invested Capital (ROIC)
13.47%
TTM Avg
13.08%
3Y Avg
13.59%
5Y Avg
11.20%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Kinder Morgan, Inc. (KMI) | $70.63B | 5.72% | 5.43% | 5.09% | 5.18% |
| Energy Transfer LP (ET)vs › | $71.92B | 8.16% | 7.33% | 7.52% | 6.81% |
| EOG Resources, Inc. (EOG)vs › | $75.30B | 16.57% | 14.05% | 17.01% | 13.41% |
| Slb N.V. (SLB)vs › | $76.82B | 9.15% | 12.04% | 11.73% | 9.83% |
| Eni S.p.A. (E)vs › | $78.29B | 1.92% | 3.40% | 5.69% | 5.08% |
| TC Energy Corporation (TRP)vs › | $62.96B | 5.18% | 4.58% | 3.92% | 4.55% |
| Targa Resources Corp. (TRGP)vs › | $62.11B | 14.09% | 12.00% | 11.71% | 11.51% |
| Suncor Energy Inc. (SU)vs › | $79.39B | 14.57% | 14.70% | 16.95% | 14.20% |
| MPLX Lp (MPLX)vs › | $59.96B | 13.47% | 13.08% | 13.59% | 11.20% |
| Enterprise Products Partners L.P. (EPD)vs › | $83.23B | 11.34% | 10.90% | 11.31% | 10.78% |
ROIC
5.7%
ROE
11.0%
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 | 5.72% |
| 2026-03-31 | 5.62% |
| 2025-12-31 | 5.33% |
| 2025-09-30 | 5.23% |
| 2025-06-30 | 5.27% |
| 2025-03-31 | 5.11% |
| 2024-12-31 | 5.12% |
| 2024-09-30 | 5.01% |
| 2024-06-30 | 4.90% |
| 2024-03-31 | 4.79% |
| 2023-12-31 | 4.63% |
| 2023-09-30 | 4.73% |
| 2023-06-30 | 4.76% |
| 2023-03-31 | 5.04% |
| 2022-12-31 | 5.24% |
| 2022-09-30 | 5.38% |
| 2022-06-30 | 5.39% |
| 2022-03-31 | 5.28% |
| 2021-12-31 | 6.36% |
| 2021-09-30 | 6.28% |
| 2021-06-30 | 5.93% |
| 2021-03-31 | 4.84% |
| 2020-12-31 | 2.57% |
| 2020-09-30 | 2.66% |
| 2020-06-30 | 2.78% |
| 2020-03-31 | 3.35% |
| 2019-12-31 | 3.84% |
| 2019-09-30 | 3.89% |
| 2019-06-30 | 4.12% |
| 2019-03-31 | 4.23% |
| 2018-12-31 | 4.17% |
| 2018-09-30 | 2.80% |
| 2018-06-30 | 2.71% |
| 2018-03-31 | 2.54% |
| 2017-12-31 | 2.54% |
| 2017-09-30 | 3.07% |
| 2017-06-30 | 2.70% |
| 2017-03-31 | 2.74% |
| 2016-12-31 | 2.64% |
| 2016-09-30 | 1.70% |
| 2016-06-30 | 1.51% |
| 2016-03-31 | 1.47% |
| 2015-12-31 | 1.66% |
| 2015-09-30 | 3.21% |
| 2015-06-30 | 3.87% |
| 2015-03-31 | 4.04% |
| 2014-12-31 | 4.43% |
| 2014-09-30 | 5.00% |
| 2014-06-30 | 4.77% |
| 2014-03-31 | 4.55% |
| 2013-12-31 | 4.39% |
| 2013-09-30 | 4.23% |
| 2013-06-30 | 4.14% |
| 2013-03-31 | 3.89% |
| 2012-12-31 | 3.51% |
| 2012-09-30 | 2.43% |
| 2012-06-30 | 1.68% |
| 2012-03-31 | 3.71% |
| 2011-12-31 | 3.10% |
| 2011-09-30 | 2.83% |
| 2011-06-30 | 2.58% |
| 2011-03-31 | 3.41% |
| 2010-12-31 | 3.01% |
| 2010-09-30 | 3.79% |
