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 13.47% is in line with its 5-year average of 13.69%, around the middle of its 5-year range (10.91%–14.74%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.77% below its 12-month average of 13.85%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
13.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
13.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
14.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
13.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
9.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-2.77%
CURRENT VS 3Y AVG
-5.04%
CURRENT VS 5Y AVG
-1.65%
CURRENT VS 10Y AVG
+38.70%
CURRENT VS 15Y AVG
+18.92%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
8.77%
median of 43 covered companies
CURRENT VS SECTOR MEDIAN
+53.55%
vs the sector median at left
MPLX Lp
Market Cap
$59.27B
Return on Invested Capital (ROIC)
13.47%
TTM Avg
13.85%
3Y Avg
14.18%
5Y Avg
13.69%
Market Cap
$59.28B
Return on Invested Capital (ROIC)
5.88%
TTM Avg
5.89%
3Y Avg
11.56%
5Y Avg
4.63%
Market Cap
$58.81B
Return on Invested Capital (ROIC)
8.77%
TTM Avg
7.46%
3Y Avg
8.21%
5Y Avg
8.27%
Market Cap
$60.97B
Return on Invested Capital (ROIC)
5.87%
TTM Avg
4.33%
3Y Avg
8.79%
5Y Avg
6.29%
Market Cap
$61.88B
Return on Invested Capital (ROIC)
9.23%
TTM Avg
11.95%
3Y Avg
9.10%
5Y Avg
6.91%
Market Cap
$64.20B
Return on Invested Capital (ROIC)
14.09%
TTM Avg
12.00%
3Y Avg
11.71%
5Y Avg
11.51%
Market Cap
$54.01B
Return on Invested Capital (ROIC)
5.61%
TTM Avg
11.22%
3Y Avg
17.56%
5Y Avg
14.66%
Market Cap
$68.99B
Return on Invested Capital (ROIC)
5.72%
TTM Avg
5.22%
3Y Avg
5.08%
5Y Avg
4.88%
Market Cap
$72.92B
Return on Invested Capital (ROIC)
8.16%
TTM Avg
7.33%
3Y Avg
7.52%
5Y Avg
6.81%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MPLX Lp (MPLX) | $59.27B | 13.47% | 13.85% | 14.18% | 13.69% |
| Diamondback Energy, Inc. (FANG)vs › | $59.28B | 5.88% | 5.89% | 11.56% | 4.63% |
| ONEOK, Inc. (OKE)vs › | $58.81B | 8.77% | 7.46% | 8.21% | 8.27% |
| Occidental Petroleum Corporation (OXY)vs › | $60.97B | 5.87% | 4.33% | 8.79% | 6.29% |
| Baker Hughes Company (BKR)vs › | $61.88B | 9.23% | 11.95% | 9.10% | 6.91% |
| Targa Resources Corp. (TRGP)vs › | $64.20B | 14.09% | 12.00% | 11.71% | 11.51% |
| Devon Energy Corporation (DVN)vs › | $54.01B | 5.61% | 11.22% | 17.56% | 14.66% |
| Kinder Morgan, Inc. (KMI)vs › | $68.99B | 5.72% | 5.22% | 5.08% | 4.88% |
| Energy Transfer LP (ET)vs › | $72.92B | 8.16% | 7.33% | 7.52% | 6.81% |
| Cameco Corporation (CCJ)vs › | $44.65B | 4.10% | 4.28% | 2.75% | 1.34% |
ROIC
13.5%
ROE
33.8%
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 | 13.47% |
| 2026-03-31 | 13.25% |
| 2025-12-31 | 13.99% |
| 2025-09-30 | 14.05% |
| 2025-06-30 | 14.50% |
| 2025-03-31 | 14.36% |
| 2024-12-31 | 14.65% |
| 2024-09-30 | 14.28% |
| 2024-06-30 | 13.99% |
| 2024-03-31 | 14.04% |
| 2023-12-31 | 13.93% |
| 2023-09-30 | 13.17% |
| 2023-06-30 | 14.74% |
| 2023-03-31 | 14.65% |
| 2022-12-31 | 14.29% |
| 2022-09-30 | 14.27% |
| 2022-06-30 | 12.49% |
| 2022-03-31 | 11.89% |
| 2021-12-31 | 12.20% |
| 2021-09-30 | 11.66% |
| 2021-06-30 | 10.91% |
| 2021-03-31 | 10.51% |
| 2020-12-31 | 0.60% |
| 2020-09-30 | -2.97% |
| 2020-06-30 | -2.87% |
| 2020-03-31 | -2.85% |
| 2019-12-31 | 6.19% |
| 2019-09-30 | 8.65% |
| 2019-06-30 | 13.77% |
| 2019-03-31 | 12.63% |
| 2018-12-31 | 11.54% |
| 2018-09-30 | 10.22% |
| 2018-06-30 | 8.97% |
| 2018-03-31 | 7.33% |
| 2017-12-31 | 6.40% |
| 2017-09-30 | 5.77% |
| 2017-06-30 | 5.60% |
| 2017-03-31 | 4.83% |
| 2016-12-31 | 3.97% |
| 2016-09-30 | 3.09% |
| 2016-06-30 | 1.92% |
| 2016-03-31 | 1.67% |
| 2015-12-31 | 1.80% |
| 2015-09-30 | 20.89% |
| 2015-06-30 | 19.01% |
| 2015-03-31 | 16.21% |
| 2014-12-31 | 16.44% |
| 2014-09-30 | 16.42% |
| 2014-06-30 | 16.08% |
| 2014-03-31 | 15.16% |
| 2013-12-31 | 13.06% |
| 2013-09-30 | 13.43% |
| 2013-06-30 | 13.09% |
| 2013-03-31 | 11.51% |
| 2012-12-31 | 11.54% |
| 2012-09-30 | 10.53% |
| 2012-06-30 | 9.97% |
| 2012-03-31 | 10.03% |
| 2011-12-31 | 10.53% |
