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 9.07% is 45% above its 2-year average of 6.25%, near the high end of its 2-year range (3.51%–9.07%).
As of the fiscal period ended Tuesday, June 30, 2026. 19.65% above its 12-month average of 7.58%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 9.07%.
RETURN ON INVESTED CAPITAL (ROIC)
9.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+19.65%
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
8.92%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+1.68%
vs the sector median at left
Venture Global, Inc.
Market Cap
$38.58B
Return on Invested Capital (ROIC)
9.07%
TTM Avg
7.58%
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$42.11B
Return on Invested Capital (ROIC)
4.10%
TTM Avg
4.28%
3Y Avg
2.75%
5Y Avg
1.34%
Market Cap
$33.82B
Return on Invested Capital (ROIC)
7.85%
TTM Avg
3.92%
3Y Avg
6.67%
5Y Avg
2.34%
Market Cap
$30.79B
Return on Invested Capital (ROIC)
9.69%
TTM Avg
10.46%
3Y Avg
14.02%
5Y Avg
9.25%
Market Cap
$29.94B
Return on Invested Capital (ROIC)
9.86%
TTM Avg
11.71%
3Y Avg
12.95%
5Y Avg
7.90%
Market Cap
$27.80B
Return on Invested Capital (ROIC)
6.05%
TTM Avg
6.46%
3Y Avg
7.87%
5Y Avg
6.12%
Market Cap
$25.46B
Return on Invested Capital (ROIC)
30.14%
TTM Avg
32.86%
3Y Avg
38.58%
5Y Avg
37.62%
Market Cap
$22.46B
Return on Invested Capital (ROIC)
15.30%
TTM Avg
13.07%
3Y Avg
8.66%
5Y Avg
7.81%
Market Cap
$21.95B
Return on Invested Capital (ROIC)
10.91%
TTM Avg
1.59%
3Y Avg
12.87%
5Y Avg
-13.50%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Venture Global, Inc. (VG) | $38.58B | 9.07% | 7.58% | N/A | N/A |
| Cameco Corporation (CCJ)vs › | $42.11B | 4.10% | 4.28% | 2.75% | 1.34% |
| EQT Corporation (EQT)vs › | $33.82B | 7.85% | 3.92% | 6.67% | 2.34% |
| Tenaris S.A. (TS)vs › | $30.79B | 9.69% | 10.46% | 14.02% | 9.25% |
| Halliburton Company (HAL)vs › | $29.94B | 9.86% | 11.71% | 12.95% | 7.90% |
| Pembina Pipeline Corporation (PBA)vs › | $27.80B | 6.05% | 6.46% | 7.87% | 6.12% |
| Texas Pacific Land Corporation (TPL)vs › | $25.46B | 30.14% | 32.86% | 38.58% | 37.62% |
| First Solar, Inc. (FSLR)vs › | $22.46B | 15.30% | 13.07% | 8.66% | 7.81% |
| Expand Energy Corporation (EXE)vs › | $21.95B | 10.91% | 1.59% | 12.87% | -13.50% |
| Devon Energy Corporation (DVN)vs › | $55.25B | 5.61% | 11.22% | 17.56% | 14.66% |
ROIC
9.1%
ROE
42.6%
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 | 9.07% |
| 2026-03-31 | 8.27% |
| 2025-12-31 | 8.39% |
| 2025-09-30 | 6.92% |
| 2025-06-30 | 5.26% |
| 2025-03-31 | 4.15% |
| 2024-12-31 | 3.51% |
| 2024-09-30 | 4.42% |
