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 -1.68% is 73% above its 5-year average of -6.15%, near the high end of its 5-year range (-29.66%–-1.68%).
As of the fiscal period ended Tuesday, June 30, 2026. 23.36% above its 12-month average of -2.20%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -1.68%.
RETURN ON INVESTED CAPITAL (ROIC)
-1.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-2.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-3.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-6.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-11.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+23.36%
CURRENT VS 3Y AVG
+44.67%
CURRENT VS 5Y AVG
+72.64%
CURRENT VS 10Y AVG
+85.24%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
5.87%
median of 109 covered companies
CURRENT VS SECTOR MEDIAN
-128.67%
vs the sector median at left
Nextdecade Corp
Market Cap
$1.83B
Return on Invested Capital (ROIC)
-1.68%
TTM Avg
-2.20%
3Y Avg
-3.04%
5Y Avg
-6.15%
Market Cap
$1.86B
Return on Invested Capital (ROIC)
0.41%
TTM Avg
-10.10%
3Y Avg
-8.49%
5Y Avg
-6.93%
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
$1.46B
Return on Invested Capital (ROIC)
16.32%
TTM Avg
22.74%
3Y Avg
28.03%
5Y Avg
20.53%
Market Cap
$1.43B
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%
Market Cap
$2.51B
Return on Invested Capital (ROIC)
8.54%
TTM Avg
6.97%
3Y Avg
4.27%
5Y Avg
2.60%
Market Cap
$1.04B
Return on Invested Capital (ROIC)
4.43%
TTM Avg
6.16%
3Y Avg
9.86%
5Y Avg
7.45%
Market Cap
$881.99M
Return on Invested Capital (ROIC)
-10.43%
TTM Avg
-4.27%
3Y Avg
3.72%
5Y Avg
-1.68%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nextdecade Corp (NEXT) | $1.83B | -1.68% | -2.20% | -3.04% | -6.15% |
| Sunrun Inc. (RUN)vs › | $1.86B | 0.41% | -10.10% | -8.49% | -6.93% |
| SolarEdge Technologies, Inc. (SEDG)vs › | $2.09B | -9.31% | -54.47% | -26.41% | -15.28% |
| Natural Resource Partners L.P. (NRP)vs › | $1.46B | 16.32% | 22.74% | 28.03% | 20.53% |
| Shoals Technologies Group, Inc. (SHLS)vs › | $1.43B | 5.23% | 4.80% | 7.31% | 9.91% |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.41B | 34.01% | 22.12% | 45.21% | 42.46% |
| National Energy Services Reunited Corp. (NESR)vs › | $2.51B | 8.54% | 6.97% | 4.27% | 2.60% |
| HighPeak Energy, Inc. (HPK)vs › | $1.04B | 4.43% | 6.16% | 9.86% | 7.45% |
| ProFrac Holding Corp. (ACDC)vs › | $881.99M | -10.43% | -4.27% | 3.72% | -1.68% |
| HMH Holding Inc. Class A Common Stock (HMH)vs › | $846.17M | 4.97% | 6.24% | 6.24% | 6.24% |
ROIC
-1.7%
ROE
N/A
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 | -1.68% |
| 2026-03-31 | -1.91% |
| 2025-12-31 | -2.04% |
| 2025-09-30 | -2.55% |
| 2025-06-30 | -2.81% |
| 2025-03-31 | -2.88% |
| 2024-12-31 | -2.95% |
| 2024-09-30 | -3.48% |
| 2024-06-30 | -3.42% |
| 2024-03-31 | -3.64% |
| 2023-12-31 | -4.43% |
| 2023-09-30 | -4.73% |
| 2023-06-30 | -29.66% |
| 2023-03-31 | -26.09% |
| 2022-12-31 | -18.98% |
| 2022-09-30 | -13.79% |
| 2022-06-30 | -12.26% |
| 2022-03-31 | -10.74% |
| 2021-12-31 | -9.12% |
| 2021-09-30 | -7.10% |
| 2021-06-30 | -8.38% |
| 2021-03-31 | -7.63% |
| 2020-12-31 | -11.20% |
| 2020-09-30 | -15.46% |
| 2020-06-30 | -14.63% |
| 2020-03-31 | -14.48% |
| 2019-12-31 | -17.53% |
| 2019-09-30 | -23.58% |
| 2019-06-30 | -26.39% |
| 2019-03-31 | -25.57% |
| 2018-12-31 | -27.41% |
| 2018-09-30 | -29.07% |
| 2018-06-30 | -53.78% |
| 2018-03-31 | -47.72% |
| 2017-12-31 | -33.10% |
| 2017-09-30 | -17.39% |
| 2017-06-30 | -4.65% |
| 2017-03-31 | -2.58% |
| 2016-12-31 | -0.59% |
| 2016-09-30 | -0.47% |
| 2016-06-30 | -0.46% |
| 2016-03-31 | -0.45% |
| 2015-12-31 | -0.29% |
