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 11.34% is in line with its 5-year average of 11.24%, near the high end of its 5-year range (9.35%–11.86%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.88% above its 12-month average of 10.91%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 11.34%.
RETURN ON INVESTED CAPITAL (ROIC)
11.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.47%
CURRENT VS TTM AVG
+3.88%
CURRENT VS 3Y AVG
+0.32%
CURRENT VS 5Y AVG
+0.89%
CURRENT VS 10Y AVG
+11.22%
CURRENT VS 15Y AVG
+13.17%
CURRENT VS 20Y AVG
+19.68%
SECTOR MEDIAN · ENERGY
8.92%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+27.11%
vs the sector median at left
Enterprise Products Partners L.P.
Market Cap
$81.28B
Return on Invested Capital (ROIC)
11.34%
TTM Avg
10.91%
3Y Avg
11.30%
5Y Avg
11.24%
Market Cap
$80.27B
Return on Invested Capital (ROIC)
14.57%
TTM Avg
14.70%
3Y Avg
16.95%
5Y Avg
14.20%
Market Cap
$79.44B
Return on Invested Capital (ROIC)
1.92%
TTM Avg
3.40%
3Y Avg
5.69%
5Y Avg
5.08%
Market Cap
$76.98B
Return on Invested Capital (ROIC)
9.15%
TTM Avg
12.04%
3Y Avg
11.73%
5Y Avg
9.83%
Market Cap
$86.98B
Return on Invested Capital (ROIC)
6.64%
TTM Avg
5.63%
3Y Avg
5.90%
5Y Avg
5.28%
Market Cap
$75.55B
Return on Invested Capital (ROIC)
16.57%
TTM Avg
14.05%
3Y Avg
17.01%
5Y Avg
13.41%
Market Cap
$70.51B
Return on Invested Capital (ROIC)
8.16%
TTM Avg
7.33%
3Y Avg
7.52%
5Y Avg
6.81%
Market Cap
$69.85B
Return on Invested Capital (ROIC)
5.72%
TTM Avg
5.22%
3Y Avg
5.08%
5Y Avg
4.88%
Market Cap
$99.36B
Return on Invested Capital (ROIC)
13.86%
TTM Avg
12.12%
3Y Avg
13.45%
5Y Avg
10.71%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Enterprise Products Partners L.P. (EPD) | $81.28B | 11.34% | 10.91% | 11.30% | 11.24% |
| Suncor Energy Inc. (SU)vs › | $80.27B | 14.57% | 14.70% | 16.95% | 14.20% |
| Eni S.p.A. (E)vs › | $79.44B | 1.92% | 3.40% | 5.69% | 5.08% |
| Slb N.V. (SLB)vs › | $76.98B | 9.15% | 12.04% | 11.73% | 9.83% |
| The Williams Companies, Inc. (WMB)vs › | $86.98B | 6.64% | 5.63% | 5.90% | 5.28% |
| EOG Resources, Inc. (EOG)vs › | $75.55B | 16.57% | 14.05% | 17.01% | 13.41% |
| Energy Transfer LP (ET)vs › | $70.51B | 8.16% | 7.33% | 7.52% | 6.81% |
| Kinder Morgan, Inc. (KMI)vs › | $69.85B | 5.72% | 5.22% | 5.08% | 4.88% |
| Canadian Natural Resources Limited (CNQ)vs › | $99.36B | 13.86% | 12.12% | 13.45% | 10.71% |
| TC Energy Corporation (TRP)vs › | $62.67B | 5.18% | 4.58% | 3.92% | 4.55% |
ROIC
11.3%
ROE
20.8%
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 | 11.34% |
| 2026-03-31 | 10.74% |
| 2025-12-31 | 10.56% |
| 2025-09-30 | 10.85% |
| 2025-06-30 | 11.09% |
| 2025-03-31 | 11.42% |
| 2024-12-31 | 11.50% |
| 2024-09-30 | 11.50% |
| 2024-06-30 | 11.73% |
| 2024-03-31 | 11.68% |
| 2023-12-31 | 11.62% |
| 2023-09-30 | 11.37% |
| 2023-06-30 | 11.52% |
| 2023-03-31 | 11.86% |
| 2022-12-31 | 11.82% |
| 2022-09-30 | 11.10% |
| 2022-06-30 | 10.94% |
| 2022-03-31 | 10.38% |
| 2021-12-31 | 10.50% |
| 2021-09-30 | 9.35% |
| 2021-06-30 | 9.39% |
| 2021-03-31 | 9.18% |
| 2020-12-31 | 8.92% |
| 2020-09-30 | 10.04% |
| 2020-06-30 | 10.28% |
| 2020-03-31 | 10.44% |
| 2019-12-31 | 11.03% |
| 2019-09-30 | 11.38% |
| 2019-06-30 | 12.08% |
| 2019-03-31 | 11.07% |
| 2018-12-31 | 10.39% |
| 2018-09-30 | 9.55% |
| 2018-06-30 | 8.15% |
| 2018-03-31 | 8.17% |
| 2017-12-31 | 8.12% |
| 2017-09-30 | 7.79% |
| 2017-06-30 | 8.02% |
| 2017-03-31 | 7.84% |
| 2016-12-31 | 7.63% |
| 2016-09-30 | 7.70% |
| 2016-06-30 | 7.93% |
| 2016-03-31 | 7.99% |
| 2015-12-31 | 8.14% |
| 2015-09-30 | 8.13% |
| 2015-06-30 | 8.23% |
| 2015-03-31 | 8.58% |
| 2014-12-31 | 9.02% |
| 2014-09-30 | 10.39% |
| 2014-06-30 | 10.44% |
| 2014-03-31 | 10.09% |
| 2013-12-31 | 10.12% |
| 2013-09-30 | 9.98% |
| 2013-06-30 | 10.30% |
| 2013-03-31 | 10.25% |
| 2012-12-31 | 10.86% |
| 2012-09-30 | 11.00% |
| 2012-06-30 | 11.13% |
| 2012-03-31 | 10.91% |
| 2011-12-31 | 10.34% |
| 2011-09-30 | 8.75% |
| 2011-06-30 | 8.49% |
| 2011-03-31 | 8.22% |
| 2010-12-31 | 8.05% |
| 2010-09-30 | 9.89% |
| 2010-06-30 | 9.12% |
| 2010-03-31 | 9.28% |
| 2009-12-31 | 8.35% |
| 2009-09-30 | 9.08% |
| 2009-06-30 | 8.98% |
| 2009-03-31 | 9.10% |
| 2008-12-31 | 6.26% |
| 2008-09-30 | 8.65% |
| 2008-06-30 | 8.24% |
| 2008-03-31 | 7.34% |
| 2007-12-31 | 6.33% |
| 2007-09-30 | 5.86% |
| 2007-06-30 | 6.46% |
| 2007-03-31 | 6.60% |
| 2006-12-31 | 6.92% |
| 2006-09-30 | 6.92% |
| 2006-06-30 | 6.58% |
| 2006-03-31 | 6.33% |
| 2005-12-31 | 6.08% |
| 2005-09-30 | 6.15% |
| 2005-06-30 | 5.34% |
| 2005-03-31 | 4.90% |
| 2004-12-31 | 4.28% |
| 2004-09-30 | 2.81% |
| 2004-06-30 | 6.07% |
| 2004-03-31 | 6.10% |
| 2003-12-31 | 6.04% |
| 2003-09-30 | 7.28% |
| 2003-06-30 | 8.28% |
