Enbridge (ENB) Return on Invested Capital [ROIC] (2011 - 2026)
Enbridge's Return on Invested Capital [ROIC] came in at 4.91% for Q3 2026, up 0.19 percentage points from 4.72% a year earlier but down 0.11 percentage points from the prior quarter.
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Analysis
Enbridge (ENB) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Enbridge's Return on Invested Capital [ROIC] was 5.13%, up 0.38 percentage points from FY2024.
- Return on Invested Capital [ROIC] has increased in each of the last three years, with a five-year change of +1.97 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 4.75% in FY2024 (+0.20 pp), 4.55% in FY2023 (+2.62 pp), 1.93% in FY2022 (-1.31 pp) and 3.24% in FY2021 (+0.08 pp).
- The five-year range for quarterly Return on Invested Capital [ROIC] is 2.47% (Q4 2022) to 5.02% (Q4 2025).
- Year-over-year, Return on Invested Capital [ROIC] increased in seven of the last eight quarters, with an average year-over-year change of +0.31 percentage points.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q4 2023 (a gain of 2.05 percentage points), and the weakest in Q3 2023 (a drop of 1.56 percentage points).
- Business Quant data shows ENB's Return on Invested Capital [ROIC] at 5.02% (Q2 2026), 4.77% (Q1 2026) and 5.02% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | 4.91% |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | 16.19% |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 12.57% |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 6.34% |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | 10.22% |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 8.84% |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 13.71% |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 15.49% |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 13.59% |
| 10 | Oneok | 56.58 Bn | 65.12 Bn | 2.84 Bn | 8.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.91% |
| Jun 30, 2026 | 5.02% |
| Mar 31, 2026 | 4.77% |
| Dec 31, 2025 | 5.02% |
| Sep 30, 2025 | 4.72% |
| Jun 30, 2025 | 4.84% |
| Mar 31, 2025 | 4.85% |
| Dec 31, 2024 | 4.53% |
| Sep 30, 2024 | 4.20% |
| Jun 30, 2024 | 4.10% |
| Mar 31, 2024 | 4.44% |
| Dec 31, 2023 | 4.52% |
| Sep 30, 2023 | 2.86% |
| Jun 30, 2023 | 2.98% |
| Mar 31, 2023 | 2.50% |
| Dec 31, 2022 | 2.47% |
| Sep 30, 2022 | 4.42% |
| Jun 30, 2022 | 4.15% |
| Mar 31, 2022 | 3.62% |
| Dec 31, 2021 | 3.82% |
API Access
Enbridge Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=ENB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "ENB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=ENB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();