Basis: Latest reported fiscal year. 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 8.62% is in line with its 5-year average of 8.27%, around the middle of its 5-year range (6.29%–10.43%).
As of the fiscal period ended Wednesday, December 31, 2025. 15.63% above its 12-month average of 7.46%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
8.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.27%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.40%
CURRENT VS TTM AVG
+15.63%
CURRENT VS 3Y AVG
+5.03%
CURRENT VS 5Y AVG
+4.27%
CURRENT VS 10Y AVG
+14.77%
CURRENT VS 15Y AVG
+25.11%
CURRENT VS 20Y AVG
+34.62%
SECTOR MEDIAN · ENERGY
7.14%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+20.64%
vs the sector median at left
ONEOK, Inc.
Market Cap
$58.69B
Return on Invested Capital (ROIC)
8.62%
TTM Avg
7.46%
3Y Avg
8.21%
5Y Avg
8.27%
Market Cap
$57.58B
Return on Invested Capital (ROIC)
6.00%
TTM Avg
5.88%
3Y Avg
11.51%
5Y Avg
5.67%
Market Cap
$60.39B
Return on Invested Capital (ROIC)
12.07%
TTM Avg
11.95%
3Y Avg
11.67%
5Y Avg
11.25%
Market Cap
$56.99B
Return on Invested Capital (ROIC)
3.15%
TTM Avg
4.32%
3Y Avg
8.73%
5Y Avg
6.32%
Market Cap
$56.80B
Return on Invested Capital (ROIC)
11.64%
TTM Avg
11.95%
3Y Avg
-44.19%
5Y Avg
-29.71%
Market Cap
$70.06B
Return on Invested Capital (ROIC)
7.17%
TTM Avg
7.33%
3Y Avg
7.52%
5Y Avg
6.71%
Market Cap
$73.11B
Return on Invested Capital (ROIC)
5.33%
TTM Avg
5.22%
3Y Avg
5.08%
5Y Avg
4.66%
Market Cap
$76.03B
Return on Invested Capital (ROIC)
1.88%
TTM Avg
2.71%
3Y Avg
5.16%
5Y Avg
4.71%
Market Cap
$77.71B
Return on Invested Capital (ROIC)
14.20%
TTM Avg
14.64%
3Y Avg
16.89%
5Y Avg
14.14%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ONEOK, Inc. (OKE) | $58.69B | 8.62% | 7.46% | 8.21% | 8.27% |
| Diamondback Energy, Inc. (FANG)vs › | $57.58B | 6.00% | 5.88% | 11.51% | 5.67% |
| Targa Resources Corp. (TRGP)vs › | $60.39B | 12.07% | 11.95% | 11.67% | 11.25% |
| Occidental Petroleum Corporation (OXY)vs › | $56.99B | 3.15% | 4.32% | 8.73% | 6.32% |
| Baker Hughes Company (BKR)vs › | $56.80B | 11.64% | 11.95% | -44.19% | -29.71% |
| Energy Transfer LP (ET)vs › | $70.06B | 7.17% | 7.33% | 7.52% | 6.71% |
| Kinder Morgan, Inc. (KMI)vs › | $73.11B | 5.33% | 5.22% | 5.08% | 4.66% |
| Eni S.p.A. (E)vs › | $76.03B | 1.88% | 2.71% | 5.16% | 4.71% |
| Suncor Energy Inc. (SU)vs › | $77.71B | 14.20% | 14.64% | 16.89% | 14.14% |
| EOG Resources, Inc. (EOG)vs › | $77.97B | 58.12% | 36.44% | 28.12% | 20.84% |
ROIC
8.6%
ROE
15.8%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 8.62% |
| 2024-12-31 | 6.29% |
| 2023-12-31 | 7.49% |
| 2022-12-31 | 10.43% |
| 2021-12-31 | 10.10% |
| 2020-12-31 | 6.67% |
| 2019-12-31 | 7.22% |
| 2018-12-31 | 8.53% |
| 2017-12-31 | 5.64% |
| 2016-12-31 | 6.56% |
| 2015-12-31 | 5.07% |
| 2014-12-31 | 6.78% |
| 2013-12-31 | 6.82% |
| 2012-12-31 | 5.75% |
| 2011-12-31 | 6.47% |
| 2010-12-31 | 5.34% |
| 2009-12-31 | 4.46% |
| 2008-12-31 | 6.07% |
| 2007-12-31 | 6.85% |
| 2006-12-31 | 6.44% |
| 2005-12-31 | 4.59% |
| 2004-12-31 | 5.69% |
| 2003-12-31 | 5.72% |
| 2002-12-31 | 5.31% |
| 2001-12-31 | 3.98% |
| 2000-12-31 | 4.39% |
| 1999-12-31 | 1.78% |
| 1998-08-31 | 5.60% |
| 1997-08-31 | 7.26% |
| 1996-08-31 | 6.84% |
