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 18.50% is in line with its 5-year average of 19.93%, around the middle of its 5-year range (9.44%–29.93%).
As of the fiscal period ended Friday, July 3, 2026. 9.75% below its 12-month average of 20.50%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q1 FY2027 (2026-07-03): 18.50%.
RETURN ON INVESTED CAPITAL (ROIC)
18.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
20.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
23.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
19.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-9.75%
CURRENT VS 3Y AVG
-21.68%
CURRENT VS 5Y AVG
-7.15%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
8.92%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+107.41%
vs the sector median at left
Nextpower Inc.
Market Cap
$12.26B
Return on Invested Capital (ROIC)
18.50%
TTM Avg
20.50%
3Y Avg
23.62%
5Y Avg
19.93%
Market Cap
$9.93B
Return on Invested Capital (ROIC)
8.64%
TTM Avg
8.25%
3Y Avg
7.88%
5Y Avg
6.16%
Market Cap
$15.11B
Return on Invested Capital (ROIC)
4.28%
TTM Avg
12.05%
3Y Avg
21.40%
5Y Avg
17.25%
Market Cap
$7.03B
Return on Invested Capital (ROIC)
12.93%
TTM Avg
12.42%
3Y Avg
16.04%
5Y Avg
11.07%
Market Cap
$6.10B
Return on Invested Capital (ROIC)
13.74%
TTM Avg
18.42%
3Y Avg
16.36%
5Y Avg
5.39%
Market Cap
$19.10B
Return on Invested Capital (ROIC)
15.30%
TTM Avg
13.07%
3Y Avg
8.66%
5Y Avg
7.81%
Market Cap
$4.66B
Return on Invested Capital (ROIC)
17.61%
TTM Avg
8.68%
3Y Avg
16.84%
5Y Avg
16.28%
Market Cap
$4.60B
Return on Invested Capital (ROIC)
15.18%
TTM Avg
13.23%
3Y Avg
9.46%
5Y Avg
2.19%
Market Cap
$20.10B
Return on Invested Capital (ROIC)
10.91%
TTM Avg
1.59%
3Y Avg
12.87%
5Y Avg
-13.50%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nextpower Inc. (NXT) | $12.26B | 18.50% | 20.50% | 23.62% | 19.93% |
| Antero Midstream Corporation (AM)vs › | $9.93B | 8.64% | 8.25% | 7.88% | 6.16% |
| APA Corporation (APA)vs › | $15.11B | 4.28% | 12.05% | 21.40% | 17.25% |
| Vista Energy, S.A.B. de C.V. (VIST)vs › | $7.03B | 12.93% | 12.42% | 16.04% | 11.07% |
| Weatherford International plc (WFRD)vs › | $6.10B | 13.74% | 18.42% | 16.36% | 5.39% |
| First Solar, Inc. (FSLR)vs › | $19.10B | 15.30% | 13.07% | 8.66% | 7.81% |
| California Resources Corp (CRC)vs › | $4.66B | 17.61% | 8.68% | 16.84% | 16.28% |
| Oceaneering International, Inc. (OII)vs › | $4.60B | 15.18% | 13.23% | 9.46% | 2.19% |
| Expand Energy Corporation (EXE)vs › | $20.10B | 10.91% | 1.59% | 12.87% | -13.50% |
| Enphase Energy, Inc. (ENPH)vs › | $4.28B | 3.82% | 3.62% | 9.03% | 11.22% |
ROIC
18.5%
ROE
23.2%
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) |
|---|---|
| 2026-07-03 | 18.50% |
| 2026-03-31 | 19.70% |
| 2025-12-31 | 21.56% |
| 2025-09-26 | 22.23% |
| 2025-06-27 | 22.61% |
| 2025-03-31 | 23.59% |
| 2024-12-31 | 27.31% |
| 2024-09-27 | 29.13% |
| 2024-06-28 | 29.93% |
| 2024-03-31 | 29.31% |
| 2023-12-31 | 22.01% |
| 2023-09-29 | 17.58% |
| 2023-06-30 | 16.45% |
| 2023-03-31 | 13.23% |
| 2022-12-31 | 15.13% |
| 2022-09-30 | 11.15% |
| 2022-06-30 | 10.36% |
| 2022-03-31 | 9.44% |
| 2021-10-01 | 19.39% |
| 2021-07-02 | 20.92% |
| 2021-03-31 | 25.48% |
