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 9.15% is 12% below its 5-year average of 10.43%, around the middle of its 5-year range (5.12%–13.74%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.72% below its 12-month average of 10.61%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
9.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
10.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.54%
CURRENT VS TTM AVG
-13.72%
CURRENT VS 3Y AVG
-23.09%
CURRENT VS 5Y AVG
-12.27%
CURRENT VS 10Y AVG
+18.42%
CURRENT VS 15Y AVG
+4.53%
CURRENT VS 20Y AVG
-4.00%
SECTOR MEDIAN · ENERGY
8.77%
median of 49 covered companies
CURRENT VS SECTOR MEDIAN
+4.38%
vs the sector median at left
Slb N.V.
Market Cap
$86.06B
Return on Invested Capital (ROIC)
9.15%
TTM Avg
10.61%
3Y Avg
11.90%
5Y Avg
10.43%
Market Cap
$84.14B
Return on Invested Capital (ROIC)
11.34%
TTM Avg
10.90%
3Y Avg
11.31%
5Y Avg
10.78%
Market Cap
$80.20B
Return on Invested Capital (ROIC)
14.57%
TTM Avg
14.70%
3Y Avg
16.95%
5Y Avg
14.20%
Market Cap
$91.65B
Return on Invested Capital (ROIC)
6.64%
TTM Avg
5.63%
3Y Avg
5.90%
5Y Avg
5.28%
Market Cap
$79.31B
Return on Invested Capital (ROIC)
1.92%
TTM Avg
3.40%
3Y Avg
5.69%
5Y Avg
5.08%
Market Cap
$77.76B
Return on Invested Capital (ROIC)
16.57%
TTM Avg
14.05%
3Y Avg
17.01%
5Y Avg
13.41%
Market Cap
$73.71B
Return on Invested Capital (ROIC)
8.16%
TTM Avg
7.33%
3Y Avg
7.52%
5Y Avg
6.81%
Market Cap
$70.97B
Return on Invested Capital (ROIC)
5.72%
TTM Avg
5.22%
3Y Avg
5.08%
5Y Avg
4.88%
Market Cap
$103.90B
Return on Invested Capital (ROIC)
12.71%
TTM Avg
3.97%
3Y Avg
7.78%
5Y Avg
4.95%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Slb N.V. (SLB) | $86.06B | 9.15% | 10.61% | 11.90% | 10.43% |
| Enterprise Products Partners L.P. (EPD)vs › | $84.14B | 11.34% | 10.90% | 11.31% | 10.78% |
| Suncor Energy Inc. (SU)vs › | $80.20B | 14.57% | 14.70% | 16.95% | 14.20% |
| The Williams Companies, Inc. (WMB)vs › | $91.65B | 6.64% | 5.63% | 5.90% | 5.28% |
| Eni S.p.A. (E)vs › | $79.31B | 1.92% | 3.40% | 5.69% | 5.08% |
| EOG Resources, Inc. (EOG)vs › | $77.76B | 16.57% | 14.05% | 17.01% | 13.41% |
| Energy Transfer LP (ET)vs › | $73.71B | 8.16% | 7.33% | 7.52% | 6.81% |
| Kinder Morgan, Inc. (KMI)vs › | $70.97B | 5.72% | 5.22% | 5.08% | 4.88% |
| Phillips 66 (PSX)vs › | $103.90B | 12.71% | 3.97% | 7.78% | 4.95% |
| TC Energy Corporation (TRP)vs › | $65.64B | 5.18% | 4.58% | 3.92% | 4.55% |
ROIC
9.2%
ROE
11.8%
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 | 9.15% |
| 2026-03-31 | 9.97% |
| 2025-12-31 | 10.51% |
| 2025-09-30 | 10.53% |
| 2025-06-30 | 12.88% |
| 2025-03-31 | 13.41% |
| 2024-12-31 | 13.74% |
| 2024-09-30 | 13.00% |
| 2024-06-30 | 12.66% |
| 2024-03-31 | 12.66% |
| 2023-12-31 | 12.45% |
| 2023-09-30 | 12.10% |
| 2023-06-30 | 11.67% |
| 2023-03-31 | 11.20% |
| 2022-12-31 | 10.36% |
| 2022-09-30 | 8.95% |
| 2022-06-30 | 8.13% |
| 2022-03-31 | 7.51% |
| 2021-12-31 | 7.00% |
| 2021-09-30 | 6.12% |
| 2021-06-30 | 5.12% |
| 2021-03-31 | 4.94% |
| 2020-12-31 | 5.05% |
| 2020-09-30 | 5.74% |
| 2020-06-30 | 7.09% |
| 2020-03-31 | 7.93% |
| 2019-12-31 | 6.88% |
| 2019-09-30 | 6.41% |
| 2019-06-30 | 4.25% |
| 2019-03-31 | 4.39% |
| 2018-12-31 | 4.53% |
| 2018-09-30 | 5.38% |
| 2018-06-30 | 5.20% |
| 2018-03-31 | 4.87% |
| 2017-12-31 | 4.46% |
| 2017-09-30 | 2.86% |
| 2017-06-30 | 2.11% |
| 2017-03-31 | 3.21% |
| 2016-12-31 | 3.46% |
| 2016-09-30 | 4.00% |
| 2016-06-30 | 5.04% |
| 2016-03-31 | 5.64% |
| 2015-12-31 | 7.06% |
| 2015-09-30 | 9.51% |
| 2015-06-30 | 11.07% |
| 2015-03-31 | 12.43% |
| 2014-12-31 | 12.79% |
| 2014-09-30 | 12.47% |
| 2014-06-30 | 12.12% |
| 2014-03-31 | 12.21% |
| 2013-12-31 | 11.76% |
| 2013-09-30 | 11.67% |
| 2013-06-30 | 11.39% |
| 2013-03-31 | 11.20% |
| 2012-12-31 | 11.20% |
| 2012-09-30 | 11.53% |
| 2012-06-30 | 11.69% |
| 2012-03-31 | 11.32% |
| 2011-12-31 | 10.87% |
| 2011-09-30 | 9.86% |
| 2011-06-30 | 9.48% |
| 2011-03-31 | 8.92% |
| 2010-12-31 | 8.33% |
| 2010-09-30 | 7.95% |
| 2010-06-30 | 11.46% |
| 2010-03-31 | 10.68% |
| 2009-12-31 | 11.33% |
| 2009-09-30 | 12.50% |
| 2009-06-30 | 15.24% |
| 2009-03-31 | 18.26% |
| 2008-12-31 | 20.78% |
| 2008-09-30 | 21.86% |
| 2008-06-30 | 22.18% |
| 2008-03-31 | 22.22% |
| 2007-12-31 | 22.95% |
| 2007-09-30 | 23.14% |
| 2007-06-30 | 22.80% |
| 2007-03-31 | 22.28% |
| 2006-12-31 | 21.01% |
| 2006-09-30 | 19.26% |
| 2006-06-30 | 17.21% |
| 2006-03-31 | 16.21% |
| 2005-12-31 | 15.66% |
| 2005-09-30 | 15.27% |
| 2005-06-30 | 13.78% |
| 2005-03-31 | 12.61% |
| 2004-12-31 | 10.64% |
| 2004-09-30 | 10.37% |
| 2004-06-30 | 6.50% |
| 2004-03-31 | 4.99% |
| 2003-12-31 | 3.91% |
| 2003-09-30 | -15.93% |
| 2003-06-30 | -11.88% |
