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 17.59% is 21% above its 5-year average of 14.52%, around the middle of its 5-year range (-4.05%–28.58%).
As of the fiscal period ended Tuesday, June 30, 2026. 45.65% above its 12-month average of 12.08%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 17.59%.
RETURN ON INVESTED CAPITAL (ROIC)
17.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
14.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
1.94%
CURRENT VS TTM AVG
+45.65%
CURRENT VS 3Y AVG
+97.77%
CURRENT VS 5Y AVG
+21.14%
CURRENT VS 10Y AVG
+152.99%
CURRENT VS 15Y AVG
+202.41%
CURRENT VS 20Y AVG
+805.47%
SECTOR MEDIAN · ENERGY
9.07%
median of 53 covered companies
CURRENT VS SECTOR MEDIAN
+93.96%
vs the sector median at left
Cheniere Energy, Inc.
Market Cap
$56.57B
Return on Invested Capital (ROIC)
17.59%
TTM Avg
12.08%
3Y Avg
8.90%
5Y Avg
14.52%
Market Cap
$57.21B
Return on Invested Capital (ROIC)
13.47%
TTM Avg
13.08%
3Y Avg
13.59%
5Y Avg
11.20%
Market Cap
$55.59B
Return on Invested Capital (ROIC)
9.23%
TTM Avg
11.95%
3Y Avg
9.10%
5Y Avg
6.91%
Market Cap
$55.38B
Return on Invested Capital (ROIC)
8.77%
TTM Avg
7.46%
3Y Avg
8.21%
5Y Avg
8.27%
Market Cap
$57.77B
Return on Invested Capital (ROIC)
5.87%
TTM Avg
4.33%
3Y Avg
8.79%
5Y Avg
6.29%
Market Cap
$60.47B
Return on Invested Capital (ROIC)
14.09%
TTM Avg
12.00%
3Y Avg
11.71%
5Y Avg
11.51%
Market Cap
$52.41B
Return on Invested Capital (ROIC)
5.61%
TTM Avg
11.22%
3Y Avg
17.56%
5Y Avg
14.66%
Market Cap
$51.96B
Return on Invested Capital (ROIC)
5.88%
TTM Avg
5.89%
3Y Avg
11.56%
5Y Avg
4.63%
Market Cap
$61.49B
Return on Invested Capital (ROIC)
5.18%
TTM Avg
4.58%
3Y Avg
3.92%
5Y Avg
4.55%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cheniere Energy, Inc. (LNG) | $56.57B | 17.59% | 12.08% | 8.90% | 14.52% |
| MPLX Lp (MPLX)vs › | $57.21B | 13.47% | 13.08% | 13.59% | 11.20% |
| Baker Hughes Company (BKR)vs › | $55.59B | 9.23% | 11.95% | 9.10% | 6.91% |
| ONEOK, Inc. (OKE)vs › | $55.38B | 8.77% | 7.46% | 8.21% | 8.27% |
| Occidental Petroleum Corporation (OXY)vs › | $57.77B | 5.87% | 4.33% | 8.79% | 6.29% |
| Targa Resources Corp. (TRGP)vs › | $60.47B | 14.09% | 12.00% | 11.71% | 11.51% |
| Devon Energy Corporation (DVN)vs › | $52.41B | 5.61% | 11.22% | 17.56% | 14.66% |
| Diamondback Energy, Inc. (FANG)vs › | $51.96B | 5.88% | 5.89% | 11.56% | 4.63% |
| TC Energy Corporation (TRP)vs › | $61.49B | 5.18% | 4.58% | 3.92% | 4.55% |
| Kinder Morgan, Inc. (KMI)vs › | $69.19B | 5.72% | 5.22% | 5.08% | 4.88% |
ROIC
17.6%
ROE
47.1%
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 | 17.59% |
| 2026-03-31 | 11.17% |
| 2025-12-31 | 10.61% |
| 2025-09-30 | 10.94% |
| 2025-06-30 | 10.07% |
| 2025-03-31 | 10.46% |
| 2024-12-31 | 10.33% |
| 2024-09-30 | -4.05% |
| 2024-06-30 | -0.81% |
| 2024-03-31 | 2.25% |
| 2023-12-31 | 6.33% |
| 2023-09-30 | 24.66% |
| 2023-06-30 | 24.67% |
| 2023-03-31 | 25.97% |
| 2022-12-31 | 26.78% |
| 2022-09-30 | 28.58% |
| 2022-06-30 | 24.25% |
| 2022-03-31 | 22.74% |
| 2021-12-31 | 17.81% |
| 2021-09-30 | 13.45% |
| 2021-06-30 | 11.13% |
| 2021-03-31 | 8.92% |
| 2020-12-31 | 7.11% |
| 2020-09-30 | 7.43% |
| 2020-06-30 | 8.49% |
| 2020-03-31 | 6.60% |
| 2019-12-31 | 5.99% |
| 2019-09-30 | 5.24% |
| 2019-06-30 | 5.19% |
| 2019-03-31 | 5.65% |
| 2018-12-31 | 6.92% |
| 2018-09-30 | 7.06% |
| 2018-06-30 | 6.81% |
| 2018-03-31 | 6.62% |
| 2017-12-31 | 5.30% |
| 2017-09-30 | 4.22% |
| 2017-06-30 | 3.01% |
| 2017-03-31 | 1.73% |
| 2016-12-31 | -0.13% |
| 2016-09-30 | -1.80% |
| 2016-06-30 | -2.22% |
| 2016-03-31 | -2.44% |
| 2015-12-31 | -2.46% |
| 2015-09-30 | -1.73% |
| 2015-06-30 | -1.87% |
| 2015-03-31 | -1.96% |
| 2014-12-31 | -2.22% |
| 2014-09-30 | -2.21% |
| 2014-06-30 | -2.05% |
| 2014-03-31 | -3.31% |
| 2013-12-31 | -3.49% |
| 2013-09-30 | -3.36% |
| 2013-06-30 | -3.41% |
| 2013-03-31 | -2.29% |
| 2012-12-31 | -1.69% |
| 2012-09-30 | -1.24% |
| 2012-06-30 | 0.43% |
| 2012-03-31 | 1.25% |
| 2011-12-31 | 2.06% |
| 2011-09-30 | 3.02% |
| 2011-06-30 | 3.48% |
| 2011-03-31 | 3.95% |
| 2010-12-31 | 4.21% |
| 2010-09-30 | 4.78% |
| 2010-06-30 | 4.56% |
| 2010-03-31 | 3.48% |
| 2009-12-31 | 0.88% |
| 2009-09-30 | -3.07% |
| 2009-06-30 | -5.16% |
| 2009-03-31 | -8.76% |
| 2008-12-31 | -8.56% |
| 2008-09-30 | -7.76% |
| 2008-06-30 | -8.75% |
| 2008-03-31 | -6.29% |
| 2007-12-31 | -5.88% |
| 2007-09-30 | -5.10% |
| 2007-06-30 | -3.84% |
| 2007-03-31 | -2.99% |
| 2006-12-31 | -2.98% |
| 2006-09-30 | -4.45% |
| 2006-06-30 | -4.46% |
| 2006-03-31 | -4.95% |
| 2005-12-31 | -4.25% |
| 2005-09-30 | -3.25% |
| 2005-06-30 | -8.93% |
| 2005-03-31 | -8.02% |
| 2004-12-31 | -8.87% |
| 2004-09-30 | -86.09% |
| 2004-06-30 | -71.25% |
| 2004-03-31 | -42.04% |
| 2003-12-31 | -42.42% |
| 2003-09-30 | -20.96% |
| 2003-06-30 | -13.59% |