Mplx (MPLXP) Return on Capital Employed (2012 - 2026)
Mplx's (MPLXP) quarterly Return on Capital Employed came in at 14.56% in Q1 2026, down 130.0% year-on-year from 48.53% in Q1 2025, and down 2.34% sequentially from 14.91% in Q4 2025.
Mplx (MPLXP) Return on Capital Employed (2012 - 2026) Analysis & Trends
Mplx's Return on Capital Employed history runs 15 years deep, the most recent figure standing at 14.56% for Q1 2026.
- In Q1 2026, Return on Capital Employed fell 130.0% year-over-year to 14.56%; the TTM figure through Mar 2026 stood at 14.56% (down 130.0% YoY), while the FY2025 annual figure was 16.06%, up 41.0% from the prior year.
- Return on Capital Employed came in at 14.56% for Q1 2026 at Mplx, down from 14.91% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 15.86% in Q1 2025 and troughed at 4.07% in Q1 2022.
- The 5-year median for Return on Capital Employed is 14.78% (2024), against an average of 13.31%.
- The widest annual swing landed in 2022, when Return on Capital Employed jumped 1171 bps; it then sank 130 bps in 2026.
- A 5-year view of Return on Capital Employed shows it stood at 14.73% in 2022, then fell by 6 bps to 13.86% in 2023, then gained by 10 bps to 15.21% in 2024, then retreated by 2 bps to 14.91% in 2025, then decreased by 2 bps to 14.56% in 2026.
- Per Business Quant data, the three most recent Return on Capital Employed figures were 14.56% in Q1 2026, 14.91% in Q4 2025, and 15.67% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 5.26% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 7.42% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 11.93% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 7.59% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 3.63% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 14.56% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 9.98% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 22.68% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 10.22% |
| 10 | Mplx | - | - | 2.54 Bn | 14.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.56% |
| Dec 31, 2025 | 14.91% |
| Sep 30, 2025 | 15.67% |
| Jun 30, 2025 | 14.93% |
| Mar 31, 2025 | 15.86% |
| Dec 31, 2024 | 15.21% |
| Sep 30, 2024 | 15.56% |
| Jun 30, 2024 | 15.66% |
| Mar 31, 2024 | 14.78% |
| Dec 31, 2023 | 13.86% |
| Sep 30, 2023 | 13.25% |
| Jun 30, 2023 | 14.82% |
| Mar 31, 2023 | 14.69% |
| Dec 31, 2022 | 14.73% |
| Sep 30, 2022 | 8.26% |
| Jun 30, 2022 | 5.49% |
| Mar 31, 2022 | 4.07% |
| Dec 31, 2021 | 3.02% |
| Sep 30, 2021 | 6.18% |
| Jun 30, 2021 | 6.01% |