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 5.35% is 11% above its 5-year average of 4.80%, near the high end of its 5-year range (0.85%–6.43%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.52% above its 12-month average of 4.97%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 5.35%.
RETURN ON INVESTED CAPITAL (ROIC)
5.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+7.52%
CURRENT VS 3Y AVG
+9.62%
CURRENT VS 5Y AVG
+11.32%
CURRENT VS 10Y AVG
+27.96%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
5.87%
median of 111 covered companies
CURRENT VS SECTOR MEDIAN
-8.92%
vs the sector median at left
Plains GP Holdings LP
Market Cap
$5.19B
Return on Invested Capital (ROIC)
5.35%
TTM Avg
4.97%
3Y Avg
4.88%
5Y Avg
4.80%
Market Cap
$5.09B
Return on Invested Capital (ROIC)
4.58%
TTM Avg
1.84%
3Y Avg
2.02%
5Y Avg
2.33%
Market Cap
$4.66B
Return on Invested Capital (ROIC)
17.61%
TTM Avg
8.68%
3Y Avg
16.84%
5Y Avg
16.28%
Market Cap
$5.73B
Return on Invested Capital (ROIC)
13.74%
TTM Avg
18.42%
3Y Avg
16.36%
5Y Avg
5.39%
Market Cap
$4.48B
Return on Invested Capital (ROIC)
3.82%
TTM Avg
3.62%
3Y Avg
9.03%
5Y Avg
11.22%
Market Cap
$4.48B
Return on Invested Capital (ROIC)
15.18%
TTM Avg
13.23%
3Y Avg
9.46%
5Y Avg
2.19%
Market Cap
$4.46B
Return on Invested Capital (ROIC)
-2.76%
TTM Avg
0.48%
3Y Avg
2.13%
5Y Avg
1.12%
Market Cap
$4.33B
Return on Invested Capital (ROIC)
-1.16%
TTM Avg
-9.17%
3Y Avg
-1.61%
5Y Avg
-9.87%
Market Cap
$3.96B
Return on Invested Capital (ROIC)
4.41%
TTM Avg
4.99%
3Y Avg
5.20%
5Y Avg
-0.31%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Plains GP Holdings LP (PAGP) | $5.19B | 5.35% | 4.97% | 4.88% | 4.80% |
| Golar LNG Limited (GLNG)vs › | $5.09B | 4.58% | 1.84% | 2.02% | 2.33% |
| California Resources Corp (CRC)vs › | $4.66B | 17.61% | 8.68% | 16.84% | 16.28% |
| Weatherford International plc (WFRD)vs › | $5.73B | 13.74% | 18.42% | 16.36% | 5.39% |
| Enphase Energy, Inc. (ENPH)vs › | $4.48B | 3.82% | 3.62% | 9.03% | 11.22% |
| Oceaneering International, Inc. (OII)vs › | $4.48B | 15.18% | 13.23% | 9.46% | 2.19% |
| Icahn Enterprises L.P. (IEP)vs › | $4.46B | -2.76% | 0.48% | 2.13% | 1.12% |
| Patterson-UTI Energy, Inc. (PTEN)vs › | $4.33B | -1.16% | -9.17% | -1.61% | -9.87% |
| Helmerich & Payne, Inc. (HP)vs › | $3.96B | 4.41% | 4.99% | 5.20% | -0.31% |
| Vista Energy, S.A.B. de C.V. (VIST)vs › | $6.89B | 12.93% | 12.42% | 16.04% | 11.07% |
ROIC
5.3%
ROE
35.1%
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 | 5.35% |
| 2026-03-31 | 5.07% |
| 2025-12-31 | 5.45% |
| 2025-09-30 | 4.75% |
| 2025-06-30 | 4.26% |
| 2025-03-31 | 4.49% |
| 2024-12-31 | 4.10% |
| 2024-09-30 | 5.30% |
| 2024-06-30 | 5.07% |
| 2024-03-31 | 5.29% |
| 2023-12-31 | 5.51% |
| 2023-09-30 | 3.85% |
| 2023-06-30 | 4.93% |
| 2023-03-31 | 5.02% |
| 2022-12-31 | 4.32% |
| 2022-09-30 | 6.43% |
| 2022-06-30 | 4.39% |
| 2022-03-31 | 2.04% |
| 2021-12-31 | 2.88% |
| 2021-09-30 | 0.85% |
| 2021-06-30 | 2.06% |
| 2021-03-31 | 3.99% |
| 2020-12-31 | -10.54% |
| 2020-09-30 | -8.76% |
| 2020-06-30 | -7.74% |
| 2020-03-31 | -6.80% |
| 2019-12-31 | 7.16% |
| 2019-09-30 | 10.72% |
| 2019-06-30 | 10.68% |
| 2019-03-31 | 9.53% |
| 2018-12-31 | 8.99% |
| 2018-09-30 | 2.90% |
| 2018-06-30 | 1.85% |
| 2018-03-31 | 2.25% |
| 2017-12-31 | 2.75% |
| 2017-09-30 | 3.95% |
| 2017-06-30 | 4.94% |
| 2017-03-31 | 4.52% |
| 2016-12-31 | 3.83% |
| 2016-09-30 | 4.23% |
| 2016-06-30 | 4.10% |
| 2016-03-31 | 4.25% |
| 2015-12-31 | 4.72% |
| 2015-09-30 | 5.50% |
| 2015-06-30 | 5.91% |
| 2015-03-31 | 6.97% |
| 2014-12-31 | 7.50% |
| 2014-09-30 | 8.08% |
| 2014-06-30 | 7.80% |
| 2014-03-31 | 8.36% |
| 2013-12-31 | 9.34% |
| 2013-09-30 | 10.25% |
| 2013-06-30 | 10.17% |
| 2013-03-31 | 10.95% |
| 2012-12-31 | 8.95% |
