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 7.87% is 13% above its 5-year average of 6.98%, around the middle of its 5-year range (3.11%–11.86%).
As of the fiscal period ended Tuesday, June 30, 2026. 38.76% above its 12-month average of 5.67%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 7.87%.
RETURN ON INVESTED CAPITAL (ROIC)
7.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.98%
CURRENT VS TTM AVG
+38.76%
CURRENT VS 3Y AVG
+21.80%
CURRENT VS 5Y AVG
+12.78%
CURRENT VS 10Y AVG
+40.21%
CURRENT VS 15Y AVG
+40.72%
CURRENT VS 20Y AVG
+12.82%
SECTOR MEDIAN · ENERGY
8.92%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
-11.74%
vs the sector median at left
Shell plc
Market Cap
$265.78B
Return on Invested Capital (ROIC)
7.87%
TTM Avg
5.67%
3Y Avg
6.46%
5Y Avg
6.98%
Market Cap
$196.97B
Return on Invested Capital (ROIC)
7.31%
TTM Avg
6.34%
3Y Avg
8.80%
5Y Avg
7.06%
Market Cap
$153.46B
Return on Invested Capital (ROIC)
7.85%
TTM Avg
7.09%
3Y Avg
11.61%
5Y Avg
8.83%
Market Cap
$408.04B
Return on Invested Capital (ROIC)
7.69%
TTM Avg
6.01%
3Y Avg
8.84%
5Y Avg
6.28%
Market Cap
$113.93B
Return on Invested Capital (ROIC)
14.33%
TTM Avg
7.20%
3Y Avg
12.52%
5Y Avg
6.48%
Market Cap
$110.93B
Return on Invested Capital (ROIC)
16.52%
TTM Avg
6.96%
3Y Avg
15.13%
5Y Avg
10.18%
Market Cap
$100.74B
Return on Invested Capital (ROIC)
12.71%
TTM Avg
3.97%
3Y Avg
7.78%
5Y Avg
4.95%
Market Cap
$98.85B
Return on Invested Capital (ROIC)
13.86%
TTM Avg
12.12%
3Y Avg
13.45%
5Y Avg
10.71%
Market Cap
$83.69B
Return on Invested Capital (ROIC)
6.64%
TTM Avg
5.63%
3Y Avg
5.90%
5Y Avg
5.28%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Shell plc (SHEL) | $265.78B | 7.87% | 5.67% | 6.46% | 6.98% |
| TotalEnergies SE (TTE)vs › | $196.97B | 7.31% | 6.34% | 8.80% | 7.06% |
| ConocoPhillips (COP)vs › | $153.46B | 7.85% | 7.09% | 11.61% | 8.83% |
| Chevron Corporation (CVX)vs › | $408.04B | 7.69% | 6.01% | 8.84% | 6.28% |
| Marathon Petroleum Corporation (MPC)vs › | $113.93B | 14.33% | 7.20% | 12.52% | 6.48% |
| Valero Energy Corporation (VLO)vs › | $110.93B | 16.52% | 6.96% | 15.13% | 10.18% |
| Phillips 66 (PSX)vs › | $100.74B | 12.71% | 3.97% | 7.78% | 4.95% |
| Canadian Natural Resources Limited (CNQ)vs › | $98.85B | 13.86% | 12.12% | 13.45% | 10.71% |
| The Williams Companies, Inc. (WMB)vs › | $83.69B | 6.64% | 5.63% | 5.90% | 5.28% |
| Suncor Energy Inc. (SU)vs › | $79.88B | 14.57% | 14.70% | 16.95% | 14.20% |
ROIC
7.9%
ROE
14.4%
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 | 7.87% |
| 2026-03-31 | 5.79% |
| 2025-12-31 | 5.41% |
| 2025-09-30 | 4.76% |
| 2025-06-30 | 4.54% |
| 2025-03-31 | 4.94% |
| 2024-12-31 | 5.18% |
| 2024-09-30 | 5.96% |
| 2024-06-30 | 6.84% |
| 2024-03-31 | 6.86% |
| 2023-12-31 | 7.41% |
| 2023-09-30 | 9.46% |
| 2023-06-30 | 9.01% |
| 2023-03-31 | 11.42% |
| 2022-12-31 | 11.86% |
| 2022-09-30 | 11.09% |
| 2022-06-30 | 8.90% |
| 2022-03-31 | 6.95% |
| 2021-12-31 | 5.44% |
| 2021-09-30 | 3.11% |
| 2021-06-30 | 3.78% |
| 2021-03-31 | -3.37% |
| 2020-12-31 | -4.95% |
| 2020-09-30 | -5.64% |
| 2020-06-30 | -3.89% |
| 2020-03-31 | 2.78% |
| 2019-12-31 | 4.42% |
| 2019-09-30 | 5.47% |
| 2019-06-30 | 5.63% |
| 2019-03-31 | 6.17% |
| 2018-12-31 | 6.33% |
| 2018-09-30 | 5.76% |
| 2018-06-30 | 5.04% |
| 2018-03-31 | 3.97% |
| 2017-12-31 | 3.39% |
| 2017-09-30 | 2.75% |
| 2017-06-30 | 2.09% |
| 2017-03-31 | 1.61% |
| 2016-12-31 | 0.58% |
| 2016-09-30 | -0.45% |
| 2016-06-30 | -3.53% |
| 2016-03-31 | -2.25% |
| 2015-12-31 | -1.19% |
| 2015-09-30 | -0.07% |
| 2015-06-30 | 3.28% |
| 2015-03-31 | 3.48% |
| 2014-12-31 | 4.00% |
| 2014-09-30 | 4.55% |
| 2014-06-30 | 4.69% |
| 2014-03-31 | 4.43% |
| 2013-12-31 | 5.43% |
| 2013-09-30 | 6.40% |
| 2013-06-30 | 7.03% |
| 2013-03-31 | 7.58% |
| 2012-12-31 | 7.95% |
| 2012-09-30 | 8.16% |
| 2012-06-30 | 8.39% |
| 2012-03-31 | 9.54% |
| 2011-12-31 | 9.60% |
| 2011-09-30 | 10.84% |
| 2011-06-30 | 9.34% |
| 2011-03-31 | 8.76% |
| 2010-12-31 | 8.82% |
| 2010-09-30 | 7.34% |
| 2010-06-30 | 7.89% |
| 2010-03-31 | 7.68% |
| 2009-12-31 | 6.95% |
| 2009-09-30 | 5.61% |
| 2009-06-30 | 7.08% |
| 2009-03-31 | 10.97% |
| 2008-12-31 | 13.19% |
| 2008-09-30 | 15.60% |
| 2008-06-30 | 16.03% |
| 2008-03-31 | 14.90% |
| 2007-12-31 | 14.25% |
| 2007-09-30 | 12.91% |
| 2007-06-30 | 13.25% |
| 2007-03-31 | 13.31% |
| 2006-12-31 | 13.50% |
| 2006-09-30 | 14.14% |
| 2006-06-30 | 15.20% |
| 2006-03-31 | 15.18% |
| 2005-12-31 | 15.92% |
| 2005-09-30 | 16.34% |
| 2005-06-30 | 14.69% |
