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 7.45% is 17% below its 5-year average of 8.99%, around the middle of its 5-year range (-6.80%–17.51%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.14% above its 12-month average of 6.59%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 7.45%.
RETURN ON INVESTED CAPITAL (ROIC)
7.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.78%
CURRENT VS TTM AVG
+13.14%
CURRENT VS 3Y AVG
-4.03%
CURRENT VS 5Y AVG
-17.06%
CURRENT VS 10Y AVG
+38.68%
CURRENT VS 15Y AVG
+14.66%
CURRENT VS 20Y AVG
-15.10%
SECTOR MEDIAN · ENERGY
8.92%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
-16.45%
vs the sector median at left
Exxon Mobil Corporation
Market Cap
$688.06B
Return on Invested Capital (ROIC)
7.45%
TTM Avg
6.59%
3Y Avg
7.77%
5Y Avg
8.99%
Market Cap
$426.22B
Return on Invested Capital (ROIC)
7.69%
TTM Avg
6.01%
3Y Avg
8.84%
5Y Avg
6.28%
Market Cap
$269.80B
Return on Invested Capital (ROIC)
7.87%
TTM Avg
5.59%
3Y Avg
7.46%
5Y Avg
4.45%
Market Cap
$204.64B
Return on Invested Capital (ROIC)
7.31%
TTM Avg
6.34%
3Y Avg
8.80%
5Y Avg
7.06%
Market Cap
$167.33B
Return on Invested Capital (ROIC)
7.85%
TTM Avg
7.09%
3Y Avg
11.61%
5Y Avg
8.83%
Market Cap
$115.59B
Return on Invested Capital (ROIC)
14.33%
TTM Avg
7.20%
3Y Avg
12.52%
5Y Avg
6.48%
Market Cap
$112.41B
Return on Invested Capital (ROIC)
16.52%
TTM Avg
6.96%
3Y Avg
15.13%
5Y Avg
10.18%
Market Cap
$104.43B
Return on Invested Capital (ROIC)
13.86%
TTM Avg
12.12%
3Y Avg
13.45%
5Y Avg
10.71%
Market Cap
$104.03B
Return on Invested Capital (ROIC)
12.71%
TTM Avg
3.97%
3Y Avg
7.78%
5Y Avg
4.95%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Exxon Mobil Corporation (XOM) | $688.06B | 7.45% | 6.59% | 7.77% | 8.99% |
| Chevron Corporation (CVX)vs › | $426.22B | 7.69% | 6.01% | 8.84% | 6.28% |
| Shell plc (SHEL)vs › | $269.80B | 7.87% | 5.59% | 7.46% | 4.45% |
| TotalEnergies SE (TTE)vs › | $204.64B | 7.31% | 6.34% | 8.80% | 7.06% |
| ConocoPhillips (COP)vs › | $167.33B | 7.85% | 7.09% | 11.61% | 8.83% |
| Marathon Petroleum Corporation (MPC)vs › | $115.59B | 14.33% | 7.20% | 12.52% | 6.48% |
| Valero Energy Corporation (VLO)vs › | $112.41B | 16.52% | 6.96% | 15.13% | 10.18% |
| Canadian Natural Resources Limited (CNQ)vs › | $104.43B | 13.86% | 12.12% | 13.45% | 10.71% |
| Phillips 66 (PSX)vs › | $104.03B | 12.71% | 3.97% | 7.78% | 4.95% |
| The Williams Companies, Inc. (WMB)vs › | $89.11B | 6.64% | 5.63% | 5.90% | 5.28% |
ROIC
7.5%
ROE
12.6%
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 | 7.45% |
| 2026-03-31 | 5.46% |
| 2025-12-31 | 6.34% |
| 2025-09-30 | 6.69% |
| 2025-06-30 | 6.99% |
| 2025-03-31 | 7.42% |
| 2024-12-31 | 7.33% |
| 2024-09-30 | 7.17% |
| 2024-06-30 | 7.31% |
| 2024-03-31 | 9.02% |
| 2023-12-31 | 9.99% |
| 2023-09-30 | 12.02% |
| 2023-06-30 | 14.69% |
| 2023-03-31 | 17.51% |
| 2022-12-31 | 15.77% |
| 2022-09-30 | 13.94% |
| 2022-06-30 | 10.82% |
| 2022-03-31 | 7.01% |
| 2021-12-31 | 6.33% |
| 2021-09-30 | -3.85% |
| 2021-06-30 | -6.80% |
| 2021-03-31 | -8.93% |
| 2020-12-31 | -9.92% |
| 2020-09-30 | -0.02% |
| 2020-06-30 | 0.98% |
| 2020-03-31 | 2.15% |
| 2019-12-31 | 2.95% |
| 2019-09-30 | 3.35% |
| 2019-06-30 | 4.15% |
| 2019-03-31 | 4.36% |
| 2018-12-31 | 5.00% |
| 2018-09-30 | 5.65% |
| 2018-06-30 | 5.07% |
| 2018-03-31 | 4.57% |
| 2017-12-31 | 4.32% |
| 2017-09-30 | 2.53% |
| 2017-06-30 | 1.86% |
| 2017-03-31 | 1.41% |
| 2016-12-31 | 0.32% |
| 2016-09-30 | 1.00% |
| 2016-06-30 | 1.70% |
| 2016-03-31 | 2.33% |
| 2015-12-31 | 3.22% |
| 2015-09-30 | 4.32% |
| 2015-06-30 | 5.21% |
| 2015-03-31 | 6.28% |
| 2014-12-31 | 7.34% |
| 2014-09-30 | 7.96% |
| 2014-06-30 | 7.87% |
| 2014-03-31 | 7.85% |
| 2013-12-31 | 8.03% |
| 2013-09-30 | 6.10% |
| 2013-06-30 | 6.90% |
| 2013-03-31 | 8.02% |
| 2012-12-31 | 8.31% |
| 2012-09-30 | 11.43% |
| 2012-06-30 | 11.89% |
| 2012-03-31 | 13.58% |
| 2011-12-31 | 14.74% |
| 2011-09-30 | 15.04% |
| 2011-06-30 | 14.13% |
| 2011-03-31 | 11.51% |
| 2010-12-31 | 10.42% |
| 2010-09-30 | 9.32% |
| 2010-06-30 | 8.62% |
| 2010-03-31 | 9.68% |
| 2009-12-31 | 9.61% |
| 2009-09-30 | 14.07% |
| 2009-06-30 | 20.10% |
| 2009-03-31 | 24.55% |
| 2008-12-31 | 27.26% |
| 2008-09-30 | 28.16% |
| 2008-06-30 | 28.13% |
| 2008-03-31 | 27.69% |
| 2007-12-31 | 29.65% |
| 2007-09-30 | 19.19% |
| 2007-06-30 | 20.26% |
| 2007-03-31 | 23.56% |
| 2006-12-31 | 20.95% |
| 2006-09-30 | 31.90% |
| 2006-06-30 | 31.70% |
| 2006-03-31 | 30.94% |
| 2005-12-31 | 33.95% |
| 2005-09-30 | 32.99% |
| 2005-06-30 | 30.56% |
| 2005-03-31 | 29.23% |
| 2004-12-31 | 27.61% |
| 2004-09-30 | 27.58% |
| 2004-06-30 | 26.27% |
| 2004-03-31 | 25.18% |
| 2003-12-31 | 26.44% |
| 2003-09-30 | 25.52% |
| 2003-06-30 | 24.62% |
