Granite Ridge Resources (GRNT) Return on Invested Capital [ROIC] (2023 - 2026)
Granite Ridge Resources' Return on Invested Capital [ROIC] came in at 2.91% for Q2 2026, down 3.91 percentage points from 6.82% a year earlier but up 1.40 percentage points from the prior quarter.
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Analysis
Granite Ridge Resources (GRNT) Return on Invested Capital [ROIC] (2023 - 2026) Analysis & Trends
For FY2025, Granite Ridge Resources' Return on Invested Capital [ROIC] was 3.84%, down 1.65 percentage points from FY2024.
- Return on Invested Capital [ROIC] has declined in each of the last three years, with a three-year change of -44.55 percentage points (FY2022 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 5.49% in FY2024 (-4.13 pp), 9.62% in FY2023 (-38.77 pp) and 48.40% in FY2022.
- The five-year range for quarterly Return on Invested Capital [ROIC] is 1.51% (Q1 2026) to 37.20% (Q1 2023).
- Year-over-year, Return on Invested Capital [ROIC] has declined for ten consecutive quarters, with an average year-over-year change of -3.29 percentage points over the last eight quarters.
- Across the past five years, year-over-year drop in Return on Invested Capital [ROIC] ran from 0.05 percentage points in Q3 2025 to 29.44 percentage points in Q1 2024.
- Business Quant data shows GRNT's Return on Invested Capital [ROIC] at 1.51% (Q1 2026), 3.63% (Q4 2025) and 6.34% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 674.90 Bn | 638.12 Bn | - | 11.12% |
| 2 | Shell | 547.48 Bn | 458.03 Bn | 30.13 Bn | 17.88% |
| 3 | Chevron | 408.53 Bn | 386.32 Bn | 33.45 Bn | -30.32% |
| 4 | TotalEnergies SE | 186.30 Bn | 69.43 Bn | - | - |
| 5 | Eni Spa | 172.32 Bn | 121.84 Bn | - | 6.94% |
| 6 | Conocophillips | 152.28 Bn | 124.99 Bn | 12.81 Bn | 22.50% |
| 7 | Equinor Asa | 106.44 Bn | 52.50 Bn | - | - |
| 8 | Phillips 66 | 105.58 Bn | 94.57 Bn | 8.38 Bn | -181.46% |
| 9 | Canadian Natural Resources | 100.85 Bn | 97.81 Bn | - | 44.95% |
| 10 | Granite Ridge Resources | 589.59 Mn | 549.43 Mn | - | 2.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.91% |
| Mar 31, 2026 | 1.51% |
| Dec 31, 2025 | 3.63% |
| Sep 30, 2025 | 6.34% |
| Jun 30, 2025 | 6.82% |
| Mar 31, 2025 | 7.08% |
| Dec 31, 2024 | 5.24% |
| Sep 30, 2024 | 6.38% |
| Jun 30, 2024 | 7.48% |
| Mar 31, 2024 | 7.76% |
| Dec 31, 2023 | 9.17% |
| Sep 30, 2023 | 16.30% |
| Jun 30, 2023 | 24.53% |
| Mar 31, 2023 | 37.20% |
API Access
Granite Ridge Resources 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=GRNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "GRNT", "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=GRNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();