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 5.87% is 26% below its 5-year average of 7.94%, near the low end of its 5-year range (0.47%–19.30%).
As of the fiscal period ended Tuesday, June 30, 2026. 37.18% above its 12-month average of 4.28%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
5.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.84%
CURRENT VS TTM AVG
+37.18%
CURRENT VS 3Y AVG
+4.21%
CURRENT VS 5Y AVG
-26.11%
CURRENT VS 10Y AVG
+18.55%
CURRENT VS 15Y AVG
-0.76%
CURRENT VS 20Y AVG
-25.19%
SECTOR MEDIAN · ENERGY
8.77%
median of 49 covered companies
CURRENT VS SECTOR MEDIAN
-33.09%
vs the sector median at left
Occidental Petroleum Corporation
Market Cap
$60.59B
Return on Invested Capital (ROIC)
5.87%
TTM Avg
4.28%
3Y Avg
5.63%
5Y Avg
7.94%
Market Cap
$60.69B
Return on Invested Capital (ROIC)
13.47%
TTM Avg
13.08%
3Y Avg
13.59%
5Y Avg
11.20%
Market Cap
$61.58B
Return on Invested Capital (ROIC)
8.77%
TTM Avg
7.46%
3Y Avg
8.21%
5Y Avg
8.27%
Market Cap
$63.45B
Return on Invested Capital (ROIC)
14.09%
TTM Avg
12.00%
3Y Avg
11.71%
5Y Avg
11.51%
Market Cap
$63.74B
Return on Invested Capital (ROIC)
9.23%
TTM Avg
11.95%
3Y Avg
9.10%
5Y Avg
6.91%
Market Cap
$56.48B
Return on Invested Capital (ROIC)
5.88%
TTM Avg
5.89%
3Y Avg
11.56%
5Y Avg
4.63%
Market Cap
$65.99B
Return on Invested Capital (ROIC)
5.18%
TTM Avg
4.58%
3Y Avg
3.92%
5Y Avg
4.55%
Market Cap
$53.62B
Return on Invested Capital (ROIC)
5.61%
TTM Avg
11.22%
3Y Avg
17.56%
5Y Avg
14.66%
Market Cap
$71.20B
Return on Invested Capital (ROIC)
5.72%
TTM Avg
5.22%
3Y Avg
5.08%
5Y Avg
4.88%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Occidental Petroleum Corporation (OXY) | $60.59B | 5.87% | 4.28% | 5.63% | 7.94% |
| MPLX Lp (MPLX)vs › | $60.69B | 13.47% | 13.08% | 13.59% | 11.20% |
| ONEOK, Inc. (OKE)vs › | $61.58B | 8.77% | 7.46% | 8.21% | 8.27% |
| Targa Resources Corp. (TRGP)vs › | $63.45B | 14.09% | 12.00% | 11.71% | 11.51% |
| Baker Hughes Company (BKR)vs › | $63.74B | 9.23% | 11.95% | 9.10% | 6.91% |
| Diamondback Energy, Inc. (FANG)vs › | $56.48B | 5.88% | 5.89% | 11.56% | 4.63% |
| TC Energy Corporation (TRP)vs › | $65.99B | 5.18% | 4.58% | 3.92% | 4.55% |
| Devon Energy Corporation (DVN)vs › | $53.62B | 5.61% | 11.22% | 17.56% | 14.66% |
| Kinder Morgan, Inc. (KMI)vs › | $71.20B | 5.72% | 5.22% | 5.08% | 4.88% |
| Energy Transfer LP (ET)vs › | $73.98B | 8.16% | 7.33% | 7.52% | 6.81% |
ROIC
5.9%
ROE
17.4%
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 | 5.87% |
| 2026-03-31 | 2.64% |
| 2025-12-31 | 3.42% |
| 2025-09-30 | 4.49% |
| 2025-06-30 | 4.98% |
| 2025-03-31 | 5.80% |
| 2024-12-31 | 5.52% |
| 2024-09-30 | 5.74% |
| 2024-06-30 | 6.74% |
| 2024-03-31 | 6.50% |
| 2023-12-31 | 7.19% |
| 2023-09-30 | 8.69% |
| 2023-06-30 | 10.76% |
| 2023-03-31 | 14.36% |
| 2022-12-31 | 19.30% |
| 2022-09-30 | 19.00% |
| 2022-06-30 | 16.73% |
| 2022-03-31 | 11.34% |
| 2021-12-31 | 5.26% |
| 2021-09-30 | 1.98% |
| 2021-06-30 | 0.47% |
| 2021-03-31 | -2.02% |
| 2020-12-31 | -2.67% |
| 2020-09-30 | -4.26% |
| 2020-06-30 | -2.55% |
| 2020-03-31 | -0.81% |
| 2019-12-31 | 0.31% |
| 2019-09-30 | 1.73% |
| 2019-06-30 | 8.10% |
| 2019-03-31 | 10.07% |
| 2018-12-31 | 10.45% |
| 2018-09-30 | 10.03% |
| 2018-06-30 | 7.21% |
| 2018-03-31 | 4.61% |
| 2017-12-31 | 2.94% |
| 2017-09-30 | 1.20% |
| 2017-06-30 | 0.55% |
| 2017-03-31 | -0.45% |
| 2016-12-31 | -2.74% |
| 2016-09-30 | -3.27% |
| 2016-06-30 | -2.27% |
| 2016-03-31 | -0.56% |
| 2015-12-31 | 1.27% |
| 2015-09-30 | 0.77% |
| 2015-06-30 | 4.53% |
| 2015-03-31 | 7.57% |
| 2014-12-31 | 6.13% |
| 2014-09-30 | 7.38% |
| 2014-06-30 | 8.15% |
| 2014-03-31 | 8.37% |
| 2013-12-31 | 8.71% |
| 2013-09-30 | 8.78% |
| 2013-06-30 | 8.67% |
| 2013-03-31 | 8.97% |
| 2012-12-31 | 9.47% |
| 2012-09-30 | 9.77% |
| 2012-06-30 | 10.62% |
| 2012-03-31 | 12.18% |
| 2011-12-31 | 12.32% |
| 2011-09-30 | 12.42% |
| 2011-06-30 | 12.25% |
| 2011-03-31 | 11.11% |
| 2010-12-31 | 10.67% |
| 2010-09-30 | 10.61% |
| 2010-06-30 | 10.12% |
| 2010-03-31 | 9.35% |
| 2009-12-31 | 7.73% |
| 2009-09-30 | 7.61% |
| 2009-06-30 | 11.17% |
| 2009-03-31 | 16.02% |
| 2008-12-31 | 20.11% |
| 2008-09-30 | 24.22% |
| 2008-06-30 | 22.63% |
| 2008-03-31 | 19.52% |
| 2007-12-31 | 17.33% |
| 2007-09-30 | 13.92% |
| 2007-06-30 | 13.70% |
| 2007-03-31 | 14.58% |
| 2006-12-31 | 15.60% |
| 2006-09-30 | 16.13% |
| 2006-06-30 | 18.91% |
| 2006-03-31 | 19.84% |
| 2005-12-31 | 22.86% |
| 2005-09-30 | 22.33% |
| 2005-06-30 | 18.20% |
| 2005-03-31 | 15.10% |
| 2004-12-31 | 13.81% |
| 2004-09-30 | 13.33% |
| 2004-06-30 | 12.04% |
| 2004-03-31 | 11.30% |
| 2003-12-31 | 11.51% |
| 2003-09-30 | 11.06% |
| 2003-06-30 | 12.90% |
