Magnolia Oil & Gas (MGY) Return on Invested Capital [ROIC] (2018 - 2026)
Magnolia Oil & Gas' Return on Invested Capital [ROIC] came in at 11.21% for Q3 2026, down 4.57 percentage points from 15.78% a year earlier and down 6.99 percentage points from the prior quarter.
Powered by 
Analysis
Magnolia Oil & Gas (MGY) Return on Invested Capital [ROIC] (2018 - 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 Q3 2026 figure represents the lowest quarterly Return on Invested Capital [ROIC] since Q4 2020.
- Year-over-year, Return on Invested Capital [ROIC] increased in 1 of the last eight quarters, with an average year-over-year change of -1.99 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 18.20% (Q2 2026), 14.55% (Q1 2026) and 14.81% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 13.86% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 12.13% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | - |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 9.03% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 25.32% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 57.33% |
| 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 | 25.31% |
| 10 | Magnolia Oil & Gas | 6.54 Bn | 5.83 Bn | 494.29 Mn | 11.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 11.21% |
| 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% |
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();