Magnolia Oil & Gas (MGY) Return on Invested Capital [ROIC] (2019 - 2026)
Magnolia Oil & Gas' Return on Invested Capital [ROIC] came in at 18.20% for Q2 2026, up 1.53 percentage points from 16.68% a year earlier and up 3.65 percentage points from the prior quarter.
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Analysis
Magnolia Oil & Gas (MGY) Return on Invested Capital [ROIC] (2019 - 2026) Analysis & Trends
For FY2025, Magnolia Oil & Gas' Return on Invested Capital [ROIC] was 14.93%, down 2.86 percentage points from FY2024.
- Return on Invested Capital [ROIC] has declined in each of the last three years, though with a five-year change of +99.89 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 17.80% in FY2024 (-1.73 pp), 19.53% in FY2023 (-40.35 pp), 59.88% in FY2022 (+15.34 pp) and 44.54% in FY2021 (+129.49 pp).
- The Q2 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] since Q2 2024.
- Year-over-year, Return on Invested Capital [ROIC] increased in 1 of the last eight quarters, with an average year-over-year change of -2.41 percentage points.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q4 2021 (a gain of 195.33 percentage points), and the weakest in Q4 2023 (a drop of 34.42 percentage points).
- Business Quant data shows MGY's Return on Invested Capital [ROIC] at 14.55% (Q1 2026), 14.81% (Q4 2025) and 15.78% (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 | Magnolia Oil & Gas | 4.44 Bn | 3.48 Bn | 461.61 Mn | 18.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.20% |
| Mar 31, 2026 | 14.55% |
| Dec 31, 2025 | 14.81% |
| Sep 30, 2025 | 15.78% |
| Jun 30, 2025 | 16.68% |
| Mar 31, 2025 | 17.69% |
| Dec 31, 2024 | 17.50% |
| Sep 30, 2024 | 18.05% |
| Jun 30, 2024 | 18.90% |
| Mar 31, 2024 | 18.66% |
| Dec 31, 2023 | 19.06% |
| Sep 30, 2023 | 26.01% |
| Jun 30, 2023 | 34.54% |
| Mar 31, 2023 | 44.61% |
| Dec 31, 2022 | 53.48% |
| Sep 30, 2022 | 57.36% |
| Jun 30, 2022 | 56.70% |
| Mar 31, 2022 | 49.11% |
| Dec 31, 2021 | 43.52% |
| Sep 30, 2021 | 34.60% |
API Access
Magnolia Oil & Gas 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=MGY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=MGY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();