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 12.71% is 89% above its 5-year average of 6.72%, near the high end of its 5-year range (-2.38%–13.57%).
As of the fiscal period ended Tuesday, June 30, 2026. 125.01% above its 12-month average of 5.65%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 12.71%.
RETURN ON INVESTED CAPITAL (ROIC)
12.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+125.01%
CURRENT VS 3Y AVG
+92.70%
CURRENT VS 5Y AVG
+89.22%
CURRENT VS 10Y AVG
+148.11%
CURRENT VS 15Y AVG
+121.82%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
8.92%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+42.51%
vs the sector median at left
Phillips 66
Market Cap
$104.56B
Return on Invested Capital (ROIC)
12.71%
TTM Avg
5.65%
3Y Avg
6.60%
5Y Avg
6.72%
Market Cap
$107.10B
Return on Invested Capital (ROIC)
13.86%
TTM Avg
12.12%
3Y Avg
13.45%
5Y Avg
10.71%
Market Cap
$111.99B
Return on Invested Capital (ROIC)
16.52%
TTM Avg
6.96%
3Y Avg
15.13%
5Y Avg
10.18%
Market Cap
$116.61B
Return on Invested Capital (ROIC)
14.33%
TTM Avg
7.20%
3Y Avg
12.52%
5Y Avg
6.48%
Market Cap
$91.92B
Return on Invested Capital (ROIC)
6.64%
TTM Avg
5.63%
3Y Avg
5.90%
5Y Avg
5.28%
Market Cap
$85.07B
Return on Invested Capital (ROIC)
11.34%
TTM Avg
10.90%
3Y Avg
11.31%
5Y Avg
10.78%
Market Cap
$84.67B
Return on Invested Capital (ROIC)
9.15%
TTM Avg
12.04%
3Y Avg
11.73%
5Y Avg
9.83%
Market Cap
$81.50B
Return on Invested Capital (ROIC)
14.57%
TTM Avg
14.70%
3Y Avg
16.95%
5Y Avg
14.20%
Market Cap
$81.22B
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 |
|---|---|---|---|---|---|
| Phillips 66 (PSX) | $104.56B | 12.71% | 5.65% | 6.60% | 6.72% |
| Canadian Natural Resources Limited (CNQ)vs › | $107.10B | 13.86% | 12.12% | 13.45% | 10.71% |
| Valero Energy Corporation (VLO)vs › | $111.99B | 16.52% | 6.96% | 15.13% | 10.18% |
| Marathon Petroleum Corporation (MPC)vs › | $116.61B | 14.33% | 7.20% | 12.52% | 6.48% |
| The Williams Companies, Inc. (WMB)vs › | $91.92B | 6.64% | 5.63% | 5.90% | 5.28% |
| Enterprise Products Partners L.P. (EPD)vs › | $85.07B | 11.34% | 10.90% | 11.31% | 10.78% |
| Slb N.V. (SLB)vs › | $84.67B | 9.15% | 12.04% | 11.73% | 9.83% |
| Suncor Energy Inc. (SU)vs › | $81.50B | 14.57% | 14.70% | 16.95% | 14.20% |
| Eni S.p.A. (E)vs › | $81.22B | 1.92% | 3.40% | 5.69% | 5.08% |
| EOG Resources, Inc. (EOG)vs › | $78.30B | 16.57% | 14.05% | 17.01% | 13.41% |
ROIC
12.7%
ROE
22.5%
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 | 12.71% |
| 2026-03-31 | 7.78% |
| 2025-12-31 | 4.47% |
| 2025-09-30 | 2.55% |
| 2025-06-30 | 0.74% |
| 2025-03-31 | 0.51% |
| 2024-12-31 | 2.36% |
| 2024-09-30 | 3.71% |
| 2024-06-30 | 8.29% |
| 2024-03-31 | 9.25% |
| 2023-12-31 | 10.34% |
| 2023-09-30 | 11.67% |
| 2023-06-30 | 11.38% |
| 2023-03-31 | 13.57% |
| 2022-12-31 | 12.83% |
| 2022-09-30 | 11.24% |
| 2022-06-30 | 11.71% |
| 2022-03-31 | 5.37% |
| 2021-12-31 | 2.53% |
| 2021-09-30 | 0.45% |
| 2021-06-30 | -2.38% |
| 2021-03-31 | -3.25% |
| 2020-12-31 | -3.96% |
| 2020-09-30 | -2.25% |
| 2020-06-30 | 1.37% |
| 2020-03-31 | 2.60% |
| 2019-12-31 | 5.47% |
| 2019-09-30 | 7.32% |
| 2019-06-30 | 7.82% |
| 2019-03-31 | 8.25% |
| 2018-12-31 | 8.75% |
| 2018-09-30 | 8.94% |
| 2018-06-30 | 6.56% |
| 2018-03-31 | 3.90% |
| 2017-12-31 | 2.82% |
| 2017-09-30 | 1.26% |
| 2017-06-30 | 1.28% |
| 2017-03-31 | 1.39% |
| 2016-12-31 | 2.02% |
| 2016-09-30 | 3.25% |
| 2016-06-30 | 5.43% |
| 2016-03-31 | 6.58% |
| 2015-12-31 | 7.56% |
| 2015-09-30 | 8.12% |
| 2015-06-30 | 7.36% |
| 2015-03-31 | 6.76% |
| 2014-12-31 | 6.16% |
| 2014-09-30 | 5.23% |
| 2014-06-30 | 3.44% |
| 2014-03-31 | 3.73% |
| 2013-12-31 | 4.68% |
| 2013-09-30 | 5.59% |
| 2013-06-30 | 8.46% |
| 2013-03-31 | 9.41% |
| 2012-12-31 | 7.99% |
| 2012-09-30 | 10.50% |
| 2012-06-30 | 9.96% |
| 2012-03-31 | 7.93% |
| 2011-12-31 | 9.91% |
| 2011-09-30 | 4.39% |
