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 -2.76% is 238% below its 5-year average of 2.00%, near the low end of its 5-year range (-2.76%–11.62%).
As of the fiscal period ended Tuesday, June 30, 2026. 1807.50% below its 12-month average of -0.14%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -2.76%.
RETURN ON INVESTED CAPITAL (ROIC)
-2.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-0.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
1.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
1.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
2.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
2.14%
CURRENT VS TTM AVG
-1807.50%
CURRENT VS 3Y AVG
-261.18%
CURRENT VS 5Y AVG
-238.00%
CURRENT VS 10Y AVG
-291.73%
CURRENT VS 15Y AVG
-219.25%
CURRENT VS 20Y AVG
-228.93%
SECTOR MEDIAN · ENERGY
5.79%
median of 110 covered companies
CURRENT VS SECTOR MEDIAN
-147.65%
vs the sector median at left
Icahn Enterprises L.P.
Market Cap
$4.45B
Return on Invested Capital (ROIC)
-2.76%
TTM Avg
-0.14%
3Y Avg
1.71%
5Y Avg
2.00%
Market Cap
$4.45B
Return on Invested Capital (ROIC)
15.18%
TTM Avg
13.23%
3Y Avg
9.46%
5Y Avg
2.19%
Market Cap
$4.45B
Return on Invested Capital (ROIC)
3.82%
TTM Avg
3.62%
3Y Avg
9.03%
5Y Avg
11.22%
Market Cap
$4.30B
Return on Invested Capital (ROIC)
-1.16%
TTM Avg
-9.17%
3Y Avg
-1.61%
5Y Avg
-9.87%
Market Cap
$4.68B
Return on Invested Capital (ROIC)
17.61%
TTM Avg
8.68%
3Y Avg
16.84%
5Y Avg
16.28%
Market Cap
$3.96B
Return on Invested Capital (ROIC)
4.41%
TTM Avg
4.99%
3Y Avg
5.20%
5Y Avg
-0.31%
Market Cap
$5.10B
Return on Invested Capital (ROIC)
4.58%
TTM Avg
1.84%
3Y Avg
2.02%
5Y Avg
2.33%
Market Cap
$5.18B
Return on Invested Capital (ROIC)
5.35%
TTM Avg
4.60%
3Y Avg
4.75%
5Y Avg
1.89%
Market Cap
$3.18B
Return on Invested Capital (ROIC)
12.27%
TTM Avg
14.34%
3Y Avg
19.65%
5Y Avg
15.53%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Icahn Enterprises L.P. (IEP) | $4.45B | -2.76% | -0.14% | 1.71% | 2.00% |
| Oceaneering International, Inc. (OII)vs › | $4.45B | 15.18% | 13.23% | 9.46% | 2.19% |
| Enphase Energy, Inc. (ENPH)vs › | $4.45B | 3.82% | 3.62% | 9.03% | 11.22% |
| Patterson-UTI Energy, Inc. (PTEN)vs › | $4.30B | -1.16% | -9.17% | -1.61% | -9.87% |
| California Resources Corp (CRC)vs › | $4.68B | 17.61% | 8.68% | 16.84% | 16.28% |
| Helmerich & Payne, Inc. (HP)vs › | $3.96B | 4.41% | 4.99% | 5.20% | -0.31% |
| Golar LNG Limited (GLNG)vs › | $5.10B | 4.58% | 1.84% | 2.02% | 2.33% |
| Plains GP Holdings LP (PAGP)vs › | $5.18B | 5.35% | 4.60% | 4.75% | 1.89% |
| Alliance Resource Partners, L.P. (ARLP)vs › | $3.18B | 12.27% | 14.34% | 19.65% | 15.53% |
| Weatherford International plc (WFRD)vs › | $5.77B | 13.74% | 18.42% | 16.36% | 5.39% |
ROIC
-2.8%
ROE
-28.5%
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 | -2.76% |
| 2026-03-31 | -0.06% |
| 2025-12-31 | 2.85% |
| 2025-09-30 | 1.08% |
| 2025-06-30 | -1.83% |
| 2025-03-31 | -0.54% |
| 2024-12-31 | 0.98% |
| 2024-09-30 | 2.52% |
| 2024-06-30 | 3.53% |
| 2024-03-31 | 3.92% |
| 2023-12-31 | 5.56% |
| 2023-09-30 | 4.32% |
| 2023-06-30 | 2.69% |
| 2023-03-31 | -0.04% |
| 2022-12-31 | 2.12% |
| 2022-09-30 | 2.07% |
| 2022-06-30 | 1.97% |
| 2022-03-31 | 5.32% |
| 2021-12-31 | 4.31% |
| 2021-09-30 | 11.62% |
| 2021-06-30 | 10.09% |
| 2021-03-31 | 14.18% |
| 2020-12-31 | -5.51% |
| 2020-09-30 | -10.14% |
| 2020-06-30 | -6.72% |
| 2020-03-31 | -19.68% |
| 2019-12-31 | 4.78% |
| 2019-09-30 | -5.33% |
| 2019-06-30 | -2.92% |
| 2019-03-31 | 1.11% |
| 2018-12-31 | -0.43% |
| 2018-09-30 | 3.18% |
| 2018-06-30 | 4.76% |
| 2018-03-31 | 2.99% |
| 2017-12-31 | 2.17% |
| 2017-09-30 | 2.34% |
| 2017-06-30 | 2.43% |
| 2017-03-31 | 1.11% |
| 2016-12-31 | 0.43% |
| 2016-09-30 | 1.47% |
| 2016-06-30 | -0.20% |
| 2016-03-31 | 1.21% |
| 2015-12-31 | 1.22% |
| 2015-09-30 | 1.28% |
| 2015-06-30 | 1.39% |
| 2015-03-31 | 1.15% |
| 2014-12-31 | 2.88% |
| 2014-09-30 | 3.87% |
| 2014-06-30 | 3.73% |
| 2014-03-31 | 4.51% |
| 2013-12-31 | 4.88% |
| 2013-09-30 | 4.04% |
| 2013-06-30 | 3.50% |
| 2013-03-31 | 2.56% |
| 2012-12-31 | 1.55% |
| 2012-09-30 | 17.97% |
| 2012-06-30 | 18.82% |
| 2012-03-31 | 6.36% |
| 2011-12-31 | 10.18% |
| 2011-09-30 | 8.07% |
| 2011-06-30 | 32.49% |
| 2011-03-31 | 10.56% |
| 2010-12-31 | 7.38% |
| 2010-09-30 | 5.54% |
| 2010-06-30 | 3.55% |
| 2010-03-31 | 21.88% |
| 2009-12-31 | 9.15% |
| 2009-09-30 | -14.01% |
| 2009-06-30 | -25.35% |
| 2009-03-31 | -43.27% |
| 2008-12-31 | -40.26% |
| 2008-09-30 | -16.39% |
| 2008-06-30 | -14.56% |
| 2008-03-31 | -5.02% |
| 2007-12-31 | -4.28% |
| 2007-09-30 | -1.34% |
| 2007-06-30 | -2.47% |
| 2007-03-31 | -0.62% |
| 2006-12-31 | 0.41% |
| 2006-09-30 | 2.96% |
| 2006-06-30 | 1.49% |
| 2006-03-31 | 1.92% |
| 2005-12-31 | 1.72% |
| 2005-09-30 | 1.77% |
| 2005-06-30 | 2.26% |
| 2005-03-31 | 2.65% |
| 2004-12-31 | 3.29% |
| 2004-09-30 | 9.68% |
| 2004-06-30 | 9.43% |
| 2004-03-31 | 6.45% |
| 2003-12-31 | 10.14% |
| 2003-09-30 | 3.69% |
| 2003-06-30 | 2.31% |
