Magnolia Oil & Gas (MGY) Return on Capital Employed [ROCE] (2017 - 2026)
Magnolia Oil & Gas' Return on Capital Employed [ROCE] was 13.65% in Q3 2026, down 4.58 percentage points from 18.23% a year earlier and down 6.94 percentage points from the prior quarter.
Magnolia Oil & Gas (MGY) Return on Capital Employed [ROCE] (2017 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Magnolia Oil & Gas came in at 17.06%, down 3.43 percentage points from FY2024.
- Return on Capital Employed [ROCE] has now declined for three consecutive years, though with a five-year change of +99.68 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was 20.49% in FY2024 (-2.26 pp), 22.75% in FY2023 (-36.27 pp), 59.02% in FY2022 (+15.40 pp) and 43.62% in FY2021 (+126.23 pp).
- The Q3 2026 figure marks the lowest quarterly Return on Capital Employed [ROCE] since Q1 2021.
- Compared with a year earlier, Return on Capital Employed [ROCE] was higher in 1 of the last eight quarters, with an average year-over-year change of -2.46 percentage points.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q4 2021 (a gain of 188.07 percentage points); the worst was Q3 2023 (a drop of 32.44 percentage points).
- Per Business Quant data, MGY's Return on Capital Employed [ROCE] in the three quarters before Q3 2026 was 20.59% (Q2 2026), 16.37% (Q1 2026) and 16.73% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 14.97% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 15.97% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 13.86% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | - |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 7.67% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 30.91% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 26.83% |
| 10 | Magnolia Oil & Gas | 6.54 Bn | 5.83 Bn | 494.29 Mn | 13.65% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.65% |
| Jun 30, 2026 | 20.59% |
| Mar 31, 2026 | 16.37% |
| Dec 31, 2025 | 16.73% |
| Sep 30, 2025 | 18.23% |
| Jun 30, 2025 | 19.28% |
| Mar 31, 2025 | 20.60% |
| Dec 31, 2024 | 20.27% |
| Sep 30, 2024 | 20.67% |
| Jun 30, 2024 | 22.07% |
| Mar 31, 2024 | 21.88% |
| Dec 31, 2023 | 22.37% |
| Sep 30, 2023 | 25.77% |
| Jun 30, 2023 | 32.83% |
| Mar 31, 2023 | 42.63% |
| Dec 31, 2022 | 51.22% |
| Sep 30, 2022 | 58.21% |
| Jun 30, 2022 | 58.32% |
| Mar 31, 2022 | 48.21% |
| Dec 31, 2021 | 41.62% |
Magnolia Oil & Gas Return on Capital Employed [ROCE] 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-capital-employed-%5Broce%5D&ticker=MGY&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "MGY", "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-capital-employed-%5Broce%5D&ticker=MGY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();