Basis: Latest reported fiscal year. 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 5.65% is 21% above its 5-year average of 4.67%, around the middle of its 5-year range (-6.32%–12.62%).
As of the fiscal period ended Wednesday, December 31, 2025. 1.89% above its 12-month average of 5.54%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
5.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.16%
CURRENT VS TTM AVG
+1.89%
CURRENT VS 3Y AVG
-23.34%
CURRENT VS 5Y AVG
+20.99%
CURRENT VS 10Y AVG
+49.94%
CURRENT VS 15Y AVG
+6.76%
CURRENT VS 20Y AVG
-21.06%
SECTOR MEDIAN · ENERGY
7.14%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
-20.92%
vs the sector median at left
Shell plc
Market Cap
$252.24B
Return on Invested Capital (ROIC)
5.65%
TTM Avg
5.54%
3Y Avg
7.37%
5Y Avg
4.67%
Market Cap
$154.46B
Return on Invested Capital (ROIC)
6.54%
TTM Avg
7.13%
3Y Avg
11.67%
5Y Avg
8.97%
Market Cap
$398.34B
Return on Invested Capital (ROIC)
3.59%
TTM Avg
6.01%
3Y Avg
8.84%
5Y Avg
6.41%
Market Cap
$103.76B
Return on Invested Capital (ROIC)
7.03%
TTM Avg
7.14%
3Y Avg
12.45%
5Y Avg
6.94%
Market Cap
$100.05B
Return on Invested Capital (ROIC)
7.95%
TTM Avg
12.09%
3Y Avg
13.42%
5Y Avg
10.69%
Market Cap
$98.38B
Return on Invested Capital (ROIC)
7.12%
TTM Avg
6.89%
3Y Avg
15.02%
5Y Avg
10.37%
Market Cap
$93.66B
Return on Invested Capital (ROIC)
4.75%
TTM Avg
3.97%
3Y Avg
7.78%
5Y Avg
5.11%
Market Cap
$91.98B
Return on Invested Capital (ROIC)
6.16%
TTM Avg
5.63%
3Y Avg
5.89%
5Y Avg
5.28%
Market Cap
$84.16B
Return on Invested Capital (ROIC)
10.29%
TTM Avg
10.89%
3Y Avg
11.31%
5Y Avg
10.78%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Shell plc (SHEL) | $252.24B | 5.65% | 5.54% | 7.37% | 4.67% |
| ConocoPhillips (COP)vs › | $154.46B | 6.54% | 7.13% | 11.67% | 8.97% |
| Chevron Corporation (CVX)vs › | $398.34B | 3.59% | 6.01% | 8.84% | 6.41% |
| Marathon Petroleum Corporation (MPC)vs › | $103.76B | 7.03% | 7.14% | 12.45% | 6.94% |
| Canadian Natural Resources Limited (CNQ)vs › | $100.05B | 7.95% | 12.09% | 13.42% | 10.69% |
| Valero Energy Corporation (VLO)vs › | $98.38B | 7.12% | 6.89% | 15.02% | 10.37% |
| Phillips 66 (PSX)vs › | $93.66B | 4.75% | 3.97% | 7.78% | 5.11% |
| The Williams Companies, Inc. (WMB)vs › | $91.98B | 6.16% | 5.63% | 5.89% | 5.28% |
| Enterprise Products Partners L.P. (EPD)vs › | $84.16B | 10.29% | 10.89% | 11.31% | 10.78% |
| Eni S.p.A. (E)vs › | $80.09B | 1.88% | 2.71% | 5.16% | 4.71% |
ROIC
5.7%
ROE
14.4%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 5.65% |
| 2024-12-31 | 5.44% |
| 2023-12-31 | 5.77% |
| 2022-12-31 | 12.62% |
| 2021-12-31 | 4.86% |
| 2020-12-31 | -6.32% |
| 2019-12-31 | 4.35% |
| 2018-12-31 | 6.31% |
| 2017-12-31 | 3.38% |
| 2016-12-31 | 0.58% |
| 2015-12-31 | -1.19% |
| 2014-12-31 | 3.75% |
| 2013-12-31 | 4.86% |
| 2012-12-31 | 7.74% |
| 2011-12-31 | 9.56% |
| 2010-12-31 | 6.55% |
| 2009-12-31 | 6.17% |
| 2008-12-31 | 13.10% |
| 2007-12-31 | 14.23% |
| 2006-12-31 | 13.50% |
| 2005-12-31 | 15.91% |
| 2004-12-31 | 12.56% |
| 2003-12-31 | 8.68% |
| 2002-12-31 | 9.23% |
| 2001-12-31 | 13.72% |
| 2000-12-31 | 15.64% |
| 1999-12-31 | 10.60% |
| 1998-12-31 | 0.73% |
