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 -20.99% is 48% below its 5-year average of -14.15%, near the low end of its 5-year range (-27.37%–-4.83%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.69% below its 12-month average of -20.24%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -20.99%.
RETURN ON INVESTED CAPITAL (ROIC)
-20.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-20.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-16.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-14.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-11.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-11.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-3.69%
CURRENT VS 3Y AVG
-25.39%
CURRENT VS 5Y AVG
-48.37%
CURRENT VS 10Y AVG
-77.18%
CURRENT VS 15Y AVG
-80.97%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
8.92%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
-335.28%
vs the sector median at left
enCore Energy Corp.
Market Cap
$223.36M
Return on Invested Capital (ROIC)
-20.99%
TTM Avg
-20.24%
3Y Avg
-16.74%
5Y Avg
-14.15%
Market Cap
$419.62M
Return on Invested Capital (ROIC)
11.26%
TTM Avg
9.38%
3Y Avg
8.82%
5Y Avg
10.88%
Market Cap
$699.91M
Return on Invested Capital (ROIC)
3.49%
TTM Avg
-7.74%
3Y Avg
-1.25%
5Y Avg
1.96%
Market Cap
$1.43B
Return on Invested Capital (ROIC)
34.01%
TTM Avg
22.12%
3Y Avg
45.21%
5Y Avg
42.46%
Market Cap
$1.46B
Return on Invested Capital (ROIC)
16.32%
TTM Avg
22.74%
3Y Avg
28.03%
5Y Avg
20.53%
Market Cap
$2.24B
Return on Invested Capital (ROIC)
-9.31%
TTM Avg
-54.47%
3Y Avg
-26.41%
5Y Avg
-15.28%
Market Cap
$3.14B
Return on Invested Capital (ROIC)
0.35%
TTM Avg
4.10%
3Y Avg
10.06%
5Y Avg
19.58%
Market Cap
$4.45B
Return on Invested Capital (ROIC)
4.41%
TTM Avg
4.99%
3Y Avg
5.20%
5Y Avg
-0.31%
Market Cap
$4.87B
Return on Invested Capital (ROIC)
3.82%
TTM Avg
3.62%
3Y Avg
9.03%
5Y Avg
11.22%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| enCore Energy Corp. (EU) | $223.36M | -20.99% | -20.24% | -16.74% | -14.15% |
| Star Group, L.P. (SGU)vs › | $419.62M | 11.26% | 9.38% | 8.82% | 10.88% |
| Array Technologies, Inc. (ARRY)vs › | $699.91M | 3.49% | -7.74% | -1.25% | 1.96% |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.43B | 34.01% | 22.12% | 45.21% | 42.46% |
| Natural Resource Partners L.P. (NRP)vs › | $1.46B | 16.32% | 22.74% | 28.03% | 20.53% |
| SolarEdge Technologies, Inc. (SEDG)vs › | $2.24B | -9.31% | -54.47% | -26.41% | -15.28% |
| Centrus Energy Corp. (LEU)vs › | $3.14B | 0.35% | 4.10% | 10.06% | 19.58% |
| Helmerich & Payne, Inc. (HP)vs › | $4.45B | 4.41% | 4.99% | 5.20% | -0.31% |
| Enphase Energy, Inc. (ENPH)vs › | $4.87B | 3.82% | 3.62% | 9.03% | 11.22% |
| California Resources Corp (CRC)vs › | $4.99B | 17.61% | 8.68% | 16.84% | 16.28% |
ROIC
-21.0%
ROE
-28.1%
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 | -20.99% |
| 2026-03-31 | -16.96% |
| 2025-12-31 | -15.78% |
| 2025-09-30 | -20.80% |
| 2025-06-30 | -26.67% |
| 2025-03-31 | -27.37% |
| 2024-12-31 | -24.46% |
| 2024-09-30 | -15.71% |
| 2024-06-30 | -9.63% |
| 2024-03-31 | -9.78% |
| 2023-12-31 | -10.95% |
| 2023-09-30 | -9.75% |
| 2023-06-30 | -8.75% |
| 2023-03-31 | -6.85% |
| 2022-12-31 | -8.12% |
| 2022-09-30 | -8.49% |
| 2022-06-30 | -5.07% |
| 2022-03-31 | -5.10% |
| 2021-12-31 | -4.83% |
| 2021-09-30 | -23.83% |
| 2021-06-30 | -17.16% |
| 2021-03-31 | -12.02% |
| 2020-12-31 | -8.38% |
| 2020-09-30 | -17.73% |
| 2020-06-30 | -13.22% |
| 2020-03-31 | -20.21% |
| 2019-12-31 | -21.03% |
| 2019-09-30 | -13.26% |
| 2019-06-30 | -9.67% |
| 2019-03-31 | -7.49% |
| 2018-12-31 | -7.21% |
| 2018-09-30 | -6.73% |
| 2018-06-30 | -6.40% |
| 2018-03-31 | -5.48% |
| 2017-12-31 | -5.28% |
| 2017-09-30 | -5.03% |
| 2017-06-30 | -4.74% |
| 2017-03-31 | -4.50% |
| 2016-12-31 | -6.64% |
| 2016-09-30 | -6.94% |
| 2016-06-30 | -6.65% |
| 2016-03-31 | -7.55% |
| 2015-12-31 | -9.93% |
| 2015-09-30 | -10.80% |
| 2015-06-30 | -16.31% |
| 2015-03-31 | -29.52% |
| 2014-12-31 | -30.21% |
| 2014-09-30 | -34.43% |
| 2014-06-30 | -15.75% |
| 2014-03-31 | -17.33% |
| 2013-12-31 | -11.41% |
| 2013-09-30 | -9.52% |
| 2013-06-30 | -6.51% |
| 2013-04-30 | -4.41% |
| 2013-01-31 | -7.63% |
| 2012-10-31 | -4.90% |
| 2012-07-31 | -5.52% |
| 2012-04-30 | -5.44% |
| 2012-01-31 | -5.81% |
| 2011-10-31 | -6.25% |
| 2011-07-31 | -5.35% |
| 2011-04-30 | -4.67% |
| 2011-01-31 | -7.46% |
