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 4.79% is 57% below its 5-year average of 11.21%, near the low end of its 5-year range (2.45%–18.71%).
As of the fiscal period ended Wednesday, December 31, 2025. 32.32% above its 12-month average of 3.62%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
4.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-3.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-13.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+32.32%
CURRENT VS 3Y AVG
-46.91%
CURRENT VS 5Y AVG
-57.28%
CURRENT VS 10Y AVG
+238.73%
CURRENT VS 15Y AVG
+136.52%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
7.14%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
-32.96%
vs the sector median at left
Enphase Energy, Inc.
Market Cap
$4.62B
Return on Invested Capital (ROIC)
4.79%
TTM Avg
3.62%
3Y Avg
9.02%
5Y Avg
11.21%
Market Cap
$4.49B
Return on Invested Capital (ROIC)
9.67%
TTM Avg
8.68%
3Y Avg
16.84%
5Y Avg
16.28%
Market Cap
$5.90B
Return on Invested Capital (ROIC)
16.68%
TTM Avg
18.24%
3Y Avg
15.59%
5Y Avg
4.98%
Market Cap
$3.34B
Return on Invested Capital (ROIC)
3.92%
TTM Avg
4.98%
3Y Avg
5.10%
5Y Avg
0.49%
Market Cap
$3.03B
Return on Invested Capital (ROIC)
2.20%
TTM Avg
4.10%
3Y Avg
9.99%
5Y Avg
19.38%
Market Cap
$2.37B
Return on Invested Capital (ROIC)
-20.68%
TTM Avg
-54.20%
3Y Avg
-26.34%
5Y Avg
-15.25%
Market Cap
$1.30B
Return on Invested Capital (ROIC)
18.74%
TTM Avg
22.11%
3Y Avg
45.19%
5Y Avg
42.43%
Market Cap
$995.64M
Return on Invested Capital (ROIC)
-0.12%
TTM Avg
-1.07%
3Y Avg
-0.12%
5Y Avg
0.21%
Market Cap
$739.90M
Return on Invested Capital (ROIC)
6.75%
TTM Avg
-7.26%
3Y Avg
-0.44%
5Y Avg
2.58%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Enphase Energy, Inc. (ENPH) | $4.62B | 4.79% | 3.62% | 9.02% | 11.21% |
| California Resources Corp (CRC)vs › | $4.49B | 9.67% | 8.68% | 16.84% | 16.28% |
| Weatherford International plc (WFRD)vs › | $5.90B | 16.68% | 18.24% | 15.59% | 4.98% |
| Helmerich & Payne, Inc. (HP)vs › | $3.34B | 3.92% | 4.98% | 5.10% | 0.49% |
| Centrus Energy Corp. (LEU)vs › | $3.03B | 2.20% | 4.10% | 9.99% | 19.38% |
| SolarEdge Technologies, Inc. (SEDG)vs › | $2.37B | -20.68% | -54.20% | -26.34% | -15.25% |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.30B | 18.74% | 22.11% | 45.19% | 42.43% |
| Emeren Group, Ltd. (SOL)vs › | $995.64M | -0.12% | -1.07% | -0.12% | 0.21% |
| Array Technologies, Inc. (ARRY)vs › | $739.90M | 6.75% | -7.26% | -0.44% | 2.58% |
| Star Group, L.P. (SGU)vs › | $412.72M | 10.92% | 9.25% | 7.97% | 7.83% |
ROIC
4.8%
ROE
11.3%
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 | 4.79% |
| 2024-12-31 | 2.45% |
| 2023-12-31 | 13.35% |
| 2022-12-31 | 15.50% |
| 2021-12-31 | 12.48% |
| 2020-12-31 | 18.71% |
| 2019-12-31 | 19.76% |
| 2018-12-31 | 0.72% |
| 2017-12-31 | -41.39% |
| 2016-12-31 | -66.75% |
| 2015-12-31 | -17.60% |
| 2014-12-31 | -4.74% |
| 2013-12-31 | -30.76% |
| 2012-12-31 | -43.55% |
| 2011-12-31 | -50.44% |
| 2010-12-31 | -42.39% |
| 2009-12-31 | -108.08% |
| 2008-12-31 | 0.00% |
