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 14.33% is 17% above its 5-year average of 12.25%, around the middle of its 5-year range (0.62%–26.53%).
As of the fiscal period ended Tuesday, June 30, 2026. 69.01% above its 12-month average of 8.48%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
14.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
12.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
8.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+69.01%
CURRENT VS 3Y AVG
+21.74%
CURRENT VS 5Y AVG
+16.96%
CURRENT VS 10Y AVG
+63.83%
CURRENT VS 15Y AVG
+30.30%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
8.77%
median of 49 covered companies
CURRENT VS SECTOR MEDIAN
+63.37%
vs the sector median at left
Marathon Petroleum Corporation
Market Cap
$116.12B
Return on Invested Capital (ROIC)
14.33%
TTM Avg
8.48%
3Y Avg
11.77%
5Y Avg
12.25%
Market Cap
$110.23B
Return on Invested Capital (ROIC)
16.52%
TTM Avg
6.96%
3Y Avg
15.13%
5Y Avg
10.18%
Market Cap
$106.16B
Return on Invested Capital (ROIC)
13.86%
TTM Avg
12.12%
3Y Avg
13.45%
5Y Avg
10.71%
Market Cap
$103.90B
Return on Invested Capital (ROIC)
12.71%
TTM Avg
3.97%
3Y Avg
7.78%
5Y Avg
4.95%
Market Cap
$92.75B
Return on Invested Capital (ROIC)
6.64%
TTM Avg
5.63%
3Y Avg
5.90%
5Y Avg
5.28%
Market Cap
$84.74B
Return on Invested Capital (ROIC)
9.15%
TTM Avg
12.04%
3Y Avg
11.73%
5Y Avg
9.83%
Market Cap
$84.01B
Return on Invested Capital (ROIC)
11.34%
TTM Avg
10.90%
3Y Avg
11.31%
5Y Avg
10.78%
Market Cap
$80.16B
Return on Invested Capital (ROIC)
14.57%
TTM Avg
14.70%
3Y Avg
16.95%
5Y Avg
14.20%
Market Cap
$79.59B
Return on Invested Capital (ROIC)
1.92%
TTM Avg
3.40%
3Y Avg
5.69%
5Y Avg
5.08%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Marathon Petroleum Corporation (MPC) | $116.12B | 14.33% | 8.48% | 11.77% | 12.25% |
| Valero Energy Corporation (VLO)vs › | $110.23B | 16.52% | 6.96% | 15.13% | 10.18% |
| Canadian Natural Resources Limited (CNQ)vs › | $106.16B | 13.86% | 12.12% | 13.45% | 10.71% |
| Phillips 66 (PSX)vs › | $103.90B | 12.71% | 3.97% | 7.78% | 4.95% |
| The Williams Companies, Inc. (WMB)vs › | $92.75B | 6.64% | 5.63% | 5.90% | 5.28% |
| Slb N.V. (SLB)vs › | $84.74B | 9.15% | 12.04% | 11.73% | 9.83% |
| Enterprise Products Partners L.P. (EPD)vs › | $84.01B | 11.34% | 10.90% | 11.31% | 10.78% |
| Suncor Energy Inc. (SU)vs › | $80.16B | 14.57% | 14.70% | 16.95% | 14.20% |
| Eni S.p.A. (E)vs › | $79.59B | 1.92% | 3.40% | 5.69% | 5.08% |
| EOG Resources, Inc. (EOG)vs › | $77.42B | 16.57% | 14.05% | 17.01% | 13.41% |
ROIC
14.3%
ROE
44.8%
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 | 14.33% |
| 2026-03-31 | 8.62% |
| 2025-12-31 | 7.08% |
| 2025-09-30 | 6.03% |
| 2025-06-30 | 6.33% |
| 2025-03-31 | 6.93% |
| 2024-12-31 | 9.01% |
| 2024-09-30 | 9.97% |
| 2024-06-30 | 13.31% |
| 2024-03-31 | 14.18% |
| 2023-12-31 | 16.43% |
| 2023-09-30 | 19.32% |
| 2023-06-30 | 21.47% |
| 2023-03-31 | 26.53% |
| 2022-12-31 | 23.62% |
| 2022-09-30 | 20.86% |
| 2022-06-30 | 15.27% |
| 2022-03-31 | 7.66% |
| 2021-12-31 | 5.73% |
| 2021-09-30 | 3.95% |
| 2021-06-30 | 0.62% |
| 2021-03-31 | 0.10% |
| 2020-12-31 | -17.00% |
| 2020-09-30 | -16.32% |
| 2020-06-30 | -11.65% |
| 2020-03-31 | -9.73% |
| 2019-12-31 | 5.10% |
| 2019-09-30 | 6.27% |
| 2019-06-30 | 5.73% |
| 2019-03-31 | 5.50% |
| 2018-12-31 | 5.48% |
| 2018-09-30 | 10.76% |
| 2018-06-30 | 11.53% |
| 2018-03-31 | 9.80% |
| 2017-12-31 | 10.13% |
| 2017-09-30 | 6.10% |
| 2017-06-30 | 4.12% |
| 2017-03-31 | 4.56% |
| 2016-12-31 | 4.24% |
| 2016-09-30 | 3.89% |
| 2016-06-30 | 5.68% |
| 2016-03-31 | 5.86% |
| 2015-12-31 | 8.36% |
| 2015-09-30 | 15.88% |
| 2015-06-30 | 14.99% |
| 2015-03-31 | 15.11% |
| 2014-12-31 | 12.34% |
| 2014-09-30 | 11.71% |
| 2014-06-30 | 10.86% |
| 2014-03-31 | 9.41% |
| 2013-12-31 | 12.11% |
| 2013-09-30 | 12.80% |
| 2013-06-30 | 17.55% |
| 2013-03-31 | 18.01% |
| 2012-12-31 | 18.19% |
| 2012-09-30 | 14.29% |
| 2012-06-30 | 14.69% |
| 2012-03-31 | 15.44% |
| 2011-12-31 | 14.88% |
| 2011-09-30 | 16.18% |
| 2011-06-30 | 11.85% |
| 2011-03-31 | 9.21% |
| 2010-12-31 | 4.03% |
| 2010-09-30 | 2.23% |
