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 2.58% is 380% above its 5-year average of -0.92%, near the high end of its 5-year range (-19.40%–2.62%).
As of the fiscal period ended Tuesday, June 30, 2026. 819.38% above its 12-month average of -0.36%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 2.58%.
RETURN ON INVESTED CAPITAL (ROIC)
2.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-0.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-0.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-0.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+819.38%
CURRENT VS 3Y AVG
+18027.01%
CURRENT VS 5Y AVG
+379.79%
CURRENT VS 10Y AVG
-19.38%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
5.92%
median of 106 covered companies
CURRENT VS SECTOR MEDIAN
-56.42%
vs the sector median at left
Smart Sand, Inc.
Market Cap
$229.34M
Return on Invested Capital (ROIC)
2.58%
TTM Avg
-0.36%
3Y Avg
-0.01%
5Y Avg
-0.92%
Market Cap
$230.35M
Return on Invested Capital (ROIC)
9.94%
TTM Avg
7.77%
3Y Avg
9.54%
5Y Avg
7.83%
Market Cap
$223.36M
Return on Invested Capital (ROIC)
-20.99%
TTM Avg
-20.25%
3Y Avg
-16.25%
5Y Avg
-13.67%
Market Cap
$197.54M
Return on Invested Capital (ROIC)
14.20%
TTM Avg
9.00%
3Y Avg
11.17%
5Y Avg
6.94%
Market Cap
$192.88M
Return on Invested Capital (ROIC)
26.28%
TTM Avg
14.80%
3Y Avg
14.80%
5Y Avg
9.73%
Market Cap
$192.11M
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$189.75M
Return on Invested Capital (ROIC)
-29.77%
TTM Avg
-256.47%
3Y Avg
-256.47%
5Y Avg
-256.47%
Market Cap
$187.20M
Return on Invested Capital (ROIC)
14.83%
TTM Avg
23.41%
3Y Avg
28.38%
5Y Avg
27.08%
Market Cap
$183.46M
Return on Invested Capital (ROIC)
-9.56%
TTM Avg
-15.02%
3Y Avg
-46.86%
5Y Avg
-55.45%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Smart Sand, Inc. (SND) | $229.34M | 2.58% | -0.36% | -0.01% | -0.92% |
| Kolibri Global Energy Inc. (KGEI)vs › | $230.35M | 9.94% | 7.77% | 9.54% | 7.83% |
| enCore Energy Corp. (EU)vs › | $223.36M | -20.99% | -20.25% | -16.25% | -13.67% |
| Imperial Petroleum Inc. (IMPP)vs › | $197.54M | 14.20% | 9.00% | 11.17% | 6.94% |
| TOYO Co., Ltd. (TOYO)vs › | $192.88M | 26.28% | 14.80% | 14.80% | 9.73% |
| GOWell Energy Technology (GOW)vs › | $192.11M | N/A | N/A | N/A | N/A |
| Eagle Nuclear Energy Corp. (NUCL)vs › | $189.75M | -29.77% | -256.47% | -256.47% | -256.47% |
| OMS Energy Technologies Inc. (OMSE)vs › | $187.20M | 14.83% | 23.41% | 28.38% | 27.08% |
| American Resources Corporation (AREC)vs › | $183.46M | -9.56% | -15.02% | -46.86% | -55.45% |
| Epsilon Energy Ltd. (EPSN)vs › | $182.98M | 12.02% | 4.67% | 10.56% | 9.63% |
ROIC
2.6%
ROE
4.4%
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 | 2.58% |
| 2026-03-31 | -0.81% |
| 2025-12-31 | -1.46% |
| 2025-09-30 | 0.56% |
| 2025-06-30 | -2.67% |
| 2025-03-31 | -1.66% |
| 2024-12-31 | 1.00% |
| 2024-09-30 | -2.74% |
| 2024-06-30 | 0.41% |
| 2024-03-31 | 0.27% |
| 2023-12-31 | -0.50% |
| 2023-09-30 | 2.62% |
| 2023-06-30 | 2.20% |
| 2023-03-31 | 0.92% |
| 2022-12-31 | -1.00% |
| 2022-09-30 | -5.86% |
| 2022-06-30 | -9.57% |
| 2022-03-31 | -18.62% |
| 2021-12-31 | -19.09% |
| 2021-09-30 | -19.40% |
| 2021-06-30 | -16.85% |
| 2021-03-31 | -6.24% |
| 2020-12-31 | -3.28% |
| 2020-09-30 | 2.53% |
| 2020-06-30 | 5.92% |
| 2020-03-31 | 8.94% |
| 2019-12-31 | 10.64% |
| 2019-09-30 | 8.03% |
| 2019-06-30 | 8.15% |
| 2019-03-31 | 7.11% |
| 2018-12-31 | 6.85% |
| 2018-09-30 | 11.87% |
| 2018-06-30 | 9.80% |
| 2018-03-31 | 8.07% |
| 2017-12-31 | 8.80% |
| 2017-09-30 | 9.50% |
| 2017-06-30 | 7.10% |
| 2017-03-31 | 5.66% |
| 2016-12-31 | 7.01% |
| 2016-09-30 | 11.05% |
| 2016-06-30 | 6.67% |
| 2015-12-31 | 7.56% |
