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 7.31% is in line with its 5-year average of 7.13%, around the middle of its 5-year range (3.57%–13.27%).
As of the fiscal period ended Tuesday, June 30, 2026. 18.31% above its 12-month average of 6.18%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
7.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.08%
CURRENT VS TTM AVG
+18.31%
CURRENT VS 3Y AVG
+12.77%
CURRENT VS 5Y AVG
+2.54%
CURRENT VS 10Y AVG
+52.46%
CURRENT VS 15Y AVG
+35.41%
CURRENT VS 20Y AVG
+3.35%
SECTOR MEDIAN · ENERGY
8.71%
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
-15.98%
vs the sector median at left
TotalEnergies SE
Market Cap
$192.30B
Return on Invested Capital (ROIC)
7.31%
TTM Avg
6.18%
3Y Avg
6.49%
5Y Avg
7.13%
Market Cap
$158.80B
Return on Invested Capital (ROIC)
8.01%
TTM Avg
7.14%
3Y Avg
11.67%
5Y Avg
8.90%
Market Cap
$253.47B
Return on Invested Capital (ROIC)
7.87%
TTM Avg
5.59%
3Y Avg
7.46%
5Y Avg
4.45%
Market Cap
$107.68B
Return on Invested Capital (ROIC)
14.33%
TTM Avg
7.20%
3Y Avg
12.52%
5Y Avg
6.48%
Market Cap
$102.18B
Return on Invested Capital (ROIC)
13.86%
TTM Avg
12.12%
3Y Avg
13.45%
5Y Avg
10.71%
Market Cap
$101.45B
Return on Invested Capital (ROIC)
16.52%
TTM Avg
6.96%
3Y Avg
15.13%
5Y Avg
10.18%
Market Cap
$97.83B
Return on Invested Capital (ROIC)
12.71%
TTM Avg
3.97%
3Y Avg
7.78%
5Y Avg
4.95%
Market Cap
$90.18B
Return on Invested Capital (ROIC)
6.64%
TTM Avg
5.63%
3Y Avg
5.90%
5Y Avg
5.28%
Market Cap
$85.09B
Return on Invested Capital (ROIC)
9.15%
TTM Avg
12.04%
3Y Avg
11.73%
5Y Avg
9.83%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| TotalEnergies SE (TTE) | $192.30B | 7.31% | 6.18% | 6.49% | 7.13% |
| ConocoPhillips (COP)vs › | $158.80B | 8.01% | 7.14% | 11.67% | 8.90% |
| Shell plc (SHEL)vs › | $253.47B | 7.87% | 5.59% | 7.46% | 4.45% |
| Marathon Petroleum Corporation (MPC)vs › | $107.68B | 14.33% | 7.20% | 12.52% | 6.48% |
| Canadian Natural Resources Limited (CNQ)vs › | $102.18B | 13.86% | 12.12% | 13.45% | 10.71% |
| Valero Energy Corporation (VLO)vs › | $101.45B | 16.52% | 6.96% | 15.13% | 10.18% |
| Phillips 66 (PSX)vs › | $97.83B | 12.71% | 3.97% | 7.78% | 4.95% |
| The Williams Companies, Inc. (WMB)vs › | $90.18B | 6.64% | 5.63% | 5.90% | 5.28% |
| Slb N.V. (SLB)vs › | $85.09B | 9.15% | 12.04% | 11.73% | 9.83% |
| Enterprise Products Partners L.P. (EPD)vs › | $84.42B | 11.34% | 10.90% | 11.31% | 10.78% |
ROIC
7.3%
ROE
13.9%
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 | 7.31% |
| 2026-03-31 | 6.38% |
| 2025-12-31 | 5.67% |
| 2025-09-30 | 6.00% |
| 2025-06-30 | 5.55% |
| 2025-03-31 | 6.18% |
| 2024-12-31 | 7.02% |
| 2024-09-30 | 7.17% |
| 2024-06-30 | 6.20% |
| 2024-03-31 | 6.27% |
| 2023-12-31 | 6.79% |
| 2023-09-30 | 7.28% |
| 2023-06-30 | 10.72% |
| 2023-03-31 | 12.19% |
| 2022-12-31 | 13.27% |
| 2022-09-30 | 11.62% |
| 2022-06-30 | 10.50% |
| 2022-03-31 | 8.53% |
| 2021-12-31 | 7.34% |
| 2021-09-30 | 5.41% |
| 2021-06-30 | 3.57% |
| 2021-03-31 | -0.57% |
| 2020-12-31 | -2.89% |
| 2020-09-30 | -1.96% |
| 2020-06-30 | -0.59% |
| 2020-03-31 | 3.51% |
| 2019-12-31 | 4.93% |
| 2019-09-30 | 4.23% |
| 2019-06-30 | 4.68% |
| 2019-03-31 | 5.11% |
| 2018-12-31 | 4.93% |
| 2018-09-30 | 4.68% |
| 2018-06-30 | 4.15% |
| 2018-03-31 | 3.28% |
| 2017-12-31 | 2.88% |
| 2017-09-30 | 2.50% |
| 2017-06-30 | 2.07% |
| 2017-03-31 | 2.05% |
| 2016-12-31 | 2.09% |
| 2016-09-30 | -0.27% |
| 2016-06-30 | -0.64% |
| 2016-03-31 | 0.34% |
| 2015-12-31 | 0.74% |
| 2015-09-30 | -0.10% |
| 2015-06-30 | 1.03% |
| 2015-03-31 | 1.53% |
| 2014-12-31 | 2.67% |
| 2014-09-30 | 6.10% |
| 2014-06-30 | 6.24% |
| 2014-03-31 | 6.43% |
| 2013-12-31 | 7.04% |
| 2013-09-30 | 7.39% |
| 2013-06-30 | 8.26% |
| 2013-03-31 | 8.04% |
| 2012-12-31 | 8.82% |
| 2012-09-30 | 8.51% |
| 2012-06-30 | 8.74% |
| 2012-03-31 | 10.33% |
| 2011-12-31 | 11.12% |
| 2011-09-30 | 10.81% |
| 2011-06-30 | 10.28% |
| 2011-03-31 | 9.12% |
| 2010-12-31 | 8.34% |
| 2010-09-30 | 8.81% |
| 2010-06-30 | 9.15% |
| 2010-03-31 | 8.49% |
| 2009-12-31 | 7.81% |
| 2009-09-30 | 5.86% |
| 2009-06-30 | 7.50% |
| 2009-03-31 | 12.07% |
| 2008-12-31 | 14.99% |
| 2008-09-30 | 19.95% |
| 2008-06-30 | 18.61% |
| 2008-03-31 | 16.95% |
| 2007-12-31 | 16.31% |
| 2007-09-30 | 14.67% |
| 2007-06-30 | 14.53% |
| 2007-03-31 | 15.23% |
| 2006-12-31 | 16.94% |
| 2006-09-30 | 15.30% |
| 2006-06-30 | 15.98% |
| 2006-03-31 | 15.22% |
| 2005-12-31 | 17.53% |
| 2005-09-30 | 16.75% |
| 2005-06-30 | 15.65% |
| 2005-03-31 | 14.83% |
| 2004-12-31 | 14.53% |
| 2004-09-30 | 12.62% |
| 2004-06-30 | 11.58% |
| 2004-03-31 | 9.89% |
| 2003-12-31 | 11.69% |
| 2003-09-30 | -39.58% |
| 2003-06-30 | -23.50% |
