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 4.28% is 78% below its 5-year average of 19.45%, near the low end of its 5-year range (4.28%–35.95%).
As of the fiscal period ended Tuesday, June 30, 2026. 58.95% below its 12-month average of 10.43%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 4.28%.
RETURN ON INVESTED CAPITAL (ROIC)
4.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
16.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
19.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
11.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.79%
CURRENT VS TTM AVG
-58.95%
CURRENT VS 3Y AVG
-73.43%
CURRENT VS 5Y AVG
-78.00%
CURRENT VS 10Y AVG
-63.90%
CURRENT VS 15Y AVG
-48.42%
CURRENT VS 20Y AVG
-51.30%
SECTOR MEDIAN · ENERGY
8.92%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
-52.02%
vs the sector median at left
APA Corporation
Market Cap
$15.52B
Return on Invested Capital (ROIC)
4.28%
TTM Avg
10.43%
3Y Avg
16.10%
5Y Avg
19.45%
Market Cap
$12.67B
Return on Invested Capital (ROIC)
18.50%
TTM Avg
21.56%
3Y Avg
21.42%
5Y Avg
20.08%
Market Cap
$20.38B
Return on Invested Capital (ROIC)
10.91%
TTM Avg
1.59%
3Y Avg
12.87%
5Y Avg
-13.50%
Market Cap
$10.31B
Return on Invested Capital (ROIC)
8.64%
TTM Avg
8.25%
3Y Avg
7.88%
5Y Avg
6.16%
Market Cap
$21.54B
Return on Invested Capital (ROIC)
15.30%
TTM Avg
13.07%
3Y Avg
8.66%
5Y Avg
7.81%
Market Cap
$7.26B
Return on Invested Capital (ROIC)
12.93%
TTM Avg
12.42%
3Y Avg
16.04%
5Y Avg
11.07%
Market Cap
$23.82B
Return on Invested Capital (ROIC)
30.14%
TTM Avg
32.86%
3Y Avg
38.58%
5Y Avg
37.62%
Market Cap
$6.10B
Return on Invested Capital (ROIC)
13.74%
TTM Avg
18.42%
3Y Avg
16.36%
5Y Avg
5.39%
Market Cap
$4.68B
Return on Invested Capital (ROIC)
17.61%
TTM Avg
8.68%
3Y Avg
16.84%
5Y Avg
16.28%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| APA Corporation (APA) | $15.52B | 4.28% | 10.43% | 16.10% | 19.45% |
| Nextpower Inc. (NXT)vs › | $12.67B | 18.50% | 21.56% | 21.42% | 20.08% |
| Expand Energy Corporation (EXE)vs › | $20.38B | 10.91% | 1.59% | 12.87% | -13.50% |
| Antero Midstream Corporation (AM)vs › | $10.31B | 8.64% | 8.25% | 7.88% | 6.16% |
| First Solar, Inc. (FSLR)vs › | $21.54B | 15.30% | 13.07% | 8.66% | 7.81% |
| Vista Energy, S.A.B. de C.V. (VIST)vs › | $7.26B | 12.93% | 12.42% | 16.04% | 11.07% |
| Texas Pacific Land Corporation (TPL)vs › | $23.82B | 30.14% | 32.86% | 38.58% | 37.62% |
| Weatherford International plc (WFRD)vs › | $6.10B | 13.74% | 18.42% | 16.36% | 5.39% |
| California Resources Corp (CRC)vs › | $4.68B | 17.61% | 8.68% | 16.84% | 16.28% |
| Oceaneering International, Inc. (OII)vs › | $4.61B | 15.18% | 13.23% | 9.46% | 2.19% |
ROIC
4.3%
ROE
23.9%
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 | 4.28% |
| 2026-03-31 | 11.38% |
| 2025-12-31 | 9.98% |
| 2025-09-30 | 12.22% |
| 2025-06-30 | 14.27% |
| 2025-03-31 | 15.18% |
| 2024-12-31 | 14.20% |
| 2024-09-30 | 20.02% |
| 2024-06-30 | 19.27% |
| 2024-03-31 | 24.27% |
| 2023-12-31 | 25.90% |
| 2023-09-30 | 18.82% |
| 2023-06-30 | 19.58% |
| 2023-03-31 | 25.06% |
| 2022-12-31 | 35.95% |
| 2022-09-30 | 34.99% |
| 2022-06-30 | 35.53% |
| 2022-03-31 | 28.53% |
| 2021-12-31 | 18.03% |
| 2021-09-30 | 11.96% |
| 2021-06-30 | 9.05% |
| 2021-03-31 | 2.71% |
| 2020-12-31 | 1.51% |
| 2020-09-30 | -2.37% |
| 2020-06-30 | -2.62% |
| 2020-03-31 | 1.83% |
| 2019-12-31 | 2.52% |
| 2019-09-30 | 4.58% |
| 2019-06-30 | 3.92% |
| 2019-03-31 | 4.91% |
| 2018-12-31 | 5.48% |
| 2018-09-30 | 7.97% |
| 2018-06-30 | 6.73% |
| 2018-03-31 | 5.41% |
| 2017-12-31 | 4.46% |
| 2017-09-30 | 2.74% |
| 2017-06-30 | 2.80% |
| 2017-03-31 | 1.97% |
| 2016-12-31 | -0.70% |
| 2016-09-30 | -33.81% |
| 2016-06-30 | -33.45% |
| 2016-03-31 | -45.55% |
| 2015-12-31 | -61.14% |
| 2015-09-30 | -40.31% |
| 2015-06-30 | -31.98% |
| 2015-03-31 | -21.12% |
| 2014-12-31 | -1.50% |
| 2014-09-30 | 2.96% |
| 2014-06-30 | 4.58% |
| 2014-03-31 | 5.21% |
| 2013-12-31 | 5.05% |
| 2013-09-30 | 5.81% |
| 2013-06-30 | 5.33% |
| 2013-03-31 | 4.72% |
| 2012-12-31 | 4.97% |
| 2012-09-30 | 5.43% |
| 2012-06-30 | 6.89% |
| 2012-03-31 | 8.87% |
| 2011-12-31 | 9.86% |
| 2011-09-30 | 9.78% |
| 2011-06-30 | 9.63% |
| 2011-03-31 | 9.05% |
| 2010-12-31 | 8.25% |
| 2010-09-30 | 8.90% |
| 2010-06-30 | 9.64% |
| 2010-03-31 | 8.58% |
| 2009-12-31 | 1.21% |
| 2009-09-30 | -21.65% |
| 2009-06-30 | -18.42% |
| 2009-03-31 | -12.25% |
| 2008-12-31 | 3.25% |
| 2008-09-30 | 16.23% |
| 2008-06-30 | 15.54% |
| 2008-03-31 | 13.01% |
| 2007-12-31 | 11.47% |
| 2007-09-30 | 9.54% |
| 2007-06-30 | 9.51% |
| 2007-03-31 | 10.25% |
| 2006-12-31 | 11.50% |
| 2006-09-30 | 13.14% |
| 2006-06-30 | 14.87% |
| 2006-03-31 | 15.58% |
| 2005-12-31 | 16.03% |
| 2005-09-30 | 15.83% |
| 2005-06-30 | 14.53% |
| 2005-03-31 | 14.02% |
| 2004-12-31 | 12.94% |
| 2004-09-30 | 11.64% |
| 2004-06-30 | 11.57% |
| 2004-03-31 | 10.37% |
| 2003-12-31 | 10.29% |
| 2003-09-30 | 9.74% |
| 2003-06-30 | 8.72% |
