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 8.54% is 34% above its 5-year average of 6.38%, near the high end of its 5-year range (-2.92%–8.54%).
As of the fiscal period ended Tuesday, June 30, 2026. 17.60% above its 12-month average of 7.26%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 8.54%.
RETURN ON INVESTED CAPITAL (ROIC)
8.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+17.60%
CURRENT VS 3Y AVG
+20.30%
CURRENT VS 5Y AVG
+33.89%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
5.79%
median of 110 covered companies
CURRENT VS SECTOR MEDIAN
+47.37%
vs the sector median at left
National Energy Services Reunited Corp.
Market Cap
$2.50B
Return on Invested Capital (ROIC)
8.54%
TTM Avg
7.26%
3Y Avg
7.10%
5Y Avg
6.38%
Market Cap
$2.09B
Return on Invested Capital (ROIC)
-9.31%
TTM Avg
-54.47%
3Y Avg
-26.41%
5Y Avg
-15.28%
Market Cap
$2.93B
Return on Invested Capital (ROIC)
0.35%
TTM Avg
4.10%
3Y Avg
10.06%
5Y Avg
19.58%
Market Cap
$1.87B
Return on Invested Capital (ROIC)
0.41%
TTM Avg
-10.10%
3Y Avg
-8.49%
5Y Avg
-6.93%
Market Cap
$1.83B
Return on Invested Capital (ROIC)
-1.68%
TTM Avg
-2.50%
3Y Avg
-7.10%
5Y Avg
-8.12%
Market Cap
$3.18B
Return on Invested Capital (ROIC)
12.27%
TTM Avg
14.34%
3Y Avg
19.65%
5Y Avg
15.53%
Market Cap
$1.46B
Return on Invested Capital (ROIC)
16.32%
TTM Avg
22.74%
3Y Avg
28.03%
5Y Avg
20.53%
Market Cap
$1.42B
Return on Invested Capital (ROIC)
5.23%
TTM Avg
4.80%
3Y Avg
7.31%
5Y Avg
9.91%
Market Cap
$1.41B
Return on Invested Capital (ROIC)
34.01%
TTM Avg
22.12%
3Y Avg
45.21%
5Y Avg
42.46%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| National Energy Services Reunited Corp. (NESR) | $2.50B | 8.54% | 7.26% | 7.10% | 6.38% |
| SolarEdge Technologies, Inc. (SEDG)vs › | $2.09B | -9.31% | -54.47% | -26.41% | -15.28% |
| Centrus Energy Corp. (LEU)vs › | $2.93B | 0.35% | 4.10% | 10.06% | 19.58% |
| Sunrun Inc. (RUN)vs › | $1.87B | 0.41% | -10.10% | -8.49% | -6.93% |
| Nextdecade Corp (NEXT)vs › | $1.83B | -1.68% | -2.50% | -7.10% | -8.12% |
| Alliance Resource Partners, L.P. (ARLP)vs › | $3.18B | 12.27% | 14.34% | 19.65% | 15.53% |
| Natural Resource Partners L.P. (NRP)vs › | $1.46B | 16.32% | 22.74% | 28.03% | 20.53% |
| Shoals Technologies Group, Inc. (SHLS)vs › | $1.42B | 5.23% | 4.80% | 7.31% | 9.91% |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.41B | 34.01% | 22.12% | 45.21% | 42.46% |
| Helmerich & Payne, Inc. (HP)vs › | $3.96B | 4.41% | 4.99% | 5.20% | -0.31% |
ROIC
8.5%
ROE
9.0%
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 | 8.54% |
| 2026-03-31 | 6.85% |
| 2025-12-31 | 6.08% |
| 2025-09-30 | 7.42% |
| 2025-06-30 | 7.42% |
| 2025-03-31 | 7.80% |
| 2024-12-31 | 7.87% |
| 2024-09-30 | 6.07% |
| 2024-06-30 | 5.85% |
| 2021-12-31 | -2.92% |
| 2021-09-30 | 2.84% |
| 2021-06-30 | 3.43% |
| 2021-03-31 | 3.79% |
| 2020-12-31 | 3.92% |
| 2020-09-30 | 3.53% |
| 2020-06-30 | 3.53% |
| 2020-03-31 | 3.89% |
| 2019-12-31 | 3.99% |
| 2019-09-30 | 5.22% |
| 2019-06-30 | 5.74% |
| 2018-03-31 | 2.71% |
| 2017-12-31 | 3.58% |
