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 30.12% is 20% below its 5-year average of 37.62%, near the low end of its 5-year range (30.12%–53.77%).
As of the fiscal period ended Wednesday, December 31, 2025. 8.34% below its 12-month average of 32.86%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
30.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
32.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
38.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
37.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
53.66%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
66.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
56.30%
CURRENT VS TTM AVG
-8.34%
CURRENT VS 3Y AVG
-21.93%
CURRENT VS 5Y AVG
-19.94%
CURRENT VS 10Y AVG
-43.87%
CURRENT VS 15Y AVG
-55.04%
CURRENT VS 20Y AVG
-46.50%
SECTOR MEDIAN · ENERGY
7.17%
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
+320.08%
vs the sector median at left
Texas Pacific Land Corporation
Market Cap
$23.77B
Return on Invested Capital (ROIC)
30.12%
TTM Avg
32.86%
3Y Avg
38.58%
5Y Avg
37.62%
Market Cap
$22.39B
Return on Invested Capital (ROIC)
6.38%
TTM Avg
1.84%
3Y Avg
12.91%
5Y Avg
-13.44%
Market Cap
$28.01B
Return on Invested Capital (ROIC)
8.38%
TTM Avg
11.54%
3Y Avg
12.77%
5Y Avg
8.00%
Market Cap
$28.48B
Return on Invested Capital (ROIC)
10.12%
TTM Avg
10.43%
3Y Avg
14.13%
5Y Avg
9.32%
Market Cap
$31.44B
Return on Invested Capital (ROIC)
10.46%
TTM Avg
11.22%
3Y Avg
17.56%
5Y Avg
14.65%
Market Cap
$14.27B
Return on Invested Capital (ROIC)
9.96%
TTM Avg
12.00%
3Y Avg
21.17%
5Y Avg
17.07%
Market Cap
$33.44B
Return on Invested Capital (ROIC)
8.20%
TTM Avg
5.85%
3Y Avg
12.44%
5Y Avg
9.95%
Market Cap
$33.76B
Return on Invested Capital (ROIC)
6.18%
TTM Avg
3.92%
3Y Avg
6.66%
5Y Avg
2.88%
Market Cap
$10.55B
Return on Invested Capital (ROIC)
8.18%
TTM Avg
8.25%
3Y Avg
7.88%
5Y Avg
6.27%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Texas Pacific Land Corporation (TPL) | $23.77B | 30.12% | 32.86% | 38.58% | 37.62% |
| Expand Energy Corporation (EXE)vs › | $22.39B | 6.38% | 1.84% | 12.91% | -13.44% |
| Halliburton Company (HAL)vs › | $28.01B | 8.38% | 11.54% | 12.77% | 8.00% |
| Tenaris S.A. (TS)vs › | $28.48B | 10.12% | 10.43% | 14.13% | 9.32% |
| Devon Energy Corporation (DVN)vs › | $31.44B | 10.46% | 11.22% | 17.56% | 14.65% |
| APA Corporation (APA)vs › | $14.27B | 9.96% | 12.00% | 21.17% | 17.07% |
| Venture Global, Inc. (VG)vs › | $33.44B | 8.20% | 5.85% | 12.44% | 9.95% |
| EQT Corporation (EQT)vs › | $33.76B | 6.18% | 3.92% | 6.66% | 2.88% |
| Antero Midstream Corporation (AM)vs › | $10.55B | 8.18% | 8.25% | 7.88% | 6.27% |
| Weatherford International plc (WFRD)vs › | $6.69B | 16.68% | 18.24% | 15.59% | 4.98% |
ROIC
30.1%
ROE
32.4%
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 | 30.12% |
| 2024-12-31 | 35.60% |
| 2023-12-31 | 34.84% |
| 2022-12-31 | 53.77% |
| 2021-12-31 | 38.69% |
| 2020-12-31 | 32.72% |
| 2019-12-31 | 55.49% |
| 2018-12-31 | 76.57% |
| 2017-12-31 | 67.19% |
| 2016-12-31 | 62.66% |
| 2015-12-31 | 102.58% |
| 2014-12-31 | 109.61% |
| 2013-12-31 | 129.69% |
| 2012-12-31 | 99.36% |
| 2011-12-31 | 82.74% |
| 2010-12-31 | 60.26% |
| 2009-12-31 | 33.92% |
| 2008-12-31 | 44.52% |
| 2007-12-31 | 31.89% |
| 2006-12-31 | 0.00% |
| 2005-12-31 | 0.00% |
| 2004-12-31 | 0.00% |
| 2003-12-31 | 0.00% |
| 2002-12-31 | 0.00% |
| 2001-12-31 | 0.00% |
| 2000-12-31 | 0.00% |
| 1999-12-31 | 0.00% |
| 1998-12-31 | 0.00% |
| 1997-12-31 | 0.00% |
| 1996-12-31 | 0.00% |
