Energy Transfer (ET) Return on Invested Capital [ROIC] (2011 - 2026)
Energy Transfer (ET) reported Return on Invested Capital [ROIC] of 8.40% for Q2 2026, up 0.14 percentage points from 8.26% a year earlier and up 0.90 percentage points from the prior quarter.
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Analysis
Energy Transfer (ET) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Energy Transfer posted Return on Invested Capital [ROIC] of 7.62%, down 0.73 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of +6.31 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 8.35% in FY2024 (-0.12 pp), 8.47% in FY2023 (+0.07 pp), 8.40% in FY2022 (-1.55 pp) and 9.96% in FY2021 (+8.64 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] since Q2 2024.
- Year over year, Return on Invested Capital [ROIC] gained in two of the last eight quarters, with an average year-over-year change of -0.28 percentage points.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q4 2021 (a gain of 8.74 percentage points); the low point was Q4 2022 (a drop of 1.62 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 7.49% (Q1 2026), 7.53% (Q4 2025) and 8.13% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 100.40 Bn | 97.94 Bn | 4.84 Bn | 4.91% |
| 2 | Williams Companies | 86.28 Bn | 85.00 Bn | 2.54 Bn | - |
| 3 | Enterprise Products Partners | 78.15 Bn | 76.58 Bn | - | 12.19% |
| 4 | Energy Transfer | 70.55 Bn | 63.99 Bn | 7.40 Bn | 8.40% |
| 5 | Kinder Morgan | 69.13 Bn | 70.08 Bn | 3.07 Bn | 6.24% |
| 6 | Tc Energy | 61.50 Bn | 64.57 Bn | 2.81 Bn | - |
| 7 | Targa Resources | 60.39 Bn | 60.01 Bn | 2.14 Bn | 13.19% |
| 8 | Mplx | 57.19 Bn | 50.75 Bn | 2.91 Bn | 14.70% |
| 9 | Cheniere Energy | 55.74 Bn | 55.87 Bn | 5.29 Bn | 15.54% |
| 10 | Oneok | 55.40 Bn | 53.89 Bn | 2.81 Bn | 8.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.40% |
| Mar 31, 2026 | 7.49% |
| Dec 31, 2025 | 7.53% |
| Sep 30, 2025 | 8.13% |
| Jun 30, 2025 | 8.26% |
| Mar 31, 2025 | 8.13% |
| Dec 31, 2024 | 7.99% |
| Sep 30, 2024 | 8.11% |
| Jun 30, 2024 | 8.47% |
| Mar 31, 2024 | 8.41% |
| Dec 31, 2023 | 8.48% |
| Sep 30, 2023 | 8.44% |
| Jun 30, 2023 | 8.21% |
| Mar 31, 2023 | 8.58% |
| Dec 31, 2022 | 8.45% |
| Sep 30, 2022 | 8.46% |
| Jun 30, 2022 | 7.78% |
| Mar 31, 2022 | 7.19% |
| Dec 31, 2021 | 10.07% |
| Sep 30, 2021 | 9.92% |
API Access
Energy Transfer 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=ET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "ET", "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=ET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();