Murphy USA (MUSA) Return on Invested Capital [ROIC] (2013 - 2026)
Murphy USA (MUSA) recorded Return on Invested Capital [ROIC] of 24.32% in Q2 2026, up 3.50 percentage points from 20.82% a year earlier and up 1.56 percentage points from the prior quarter.
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Analysis
Murphy USA (MUSA) Return on Invested Capital [ROIC] (2013 - 2026) Analysis & Trends
For FY2025, Murphy USA reported Return on Invested Capital [ROIC] of 20.20%, down 1.35 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has declined for three straight years, with a five-year change of -3.17 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 21.55% in FY2024 (-3.12 pp), 24.67% in FY2023 (-4.41 pp), 29.09% in FY2022 (+8.25 pp) and 20.84% in FY2021 (-2.54 pp).
- The Q2 2026 figure is the highest quarterly Return on Invested Capital [ROIC] since Q2 2023.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in two of the last eight quarters, with an average year-over-year change of -0.66 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 12.67 percentage points in Q3 2022, against a drop of 5.75 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 22.76% (Q1 2026), 19.85% (Q4 2025) and 19.98% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 951.18 Bn | 913.88 Bn | 49.13 Bn | 16.14% |
| 2 | Costco Wholesale | 444.74 Bn | 368.02 Bn | 12.19 Bn | 21.69% |
| 3 | Kroger | 39.45 Bn | 25.60 Bn | 7.86 Bn | 5.65% |
| 4 | Sysco | 38.98 Bn | 33.23 Bn | 4.13 Bn | 14.70% |
| 5 | Dollar General | 29.28 Bn | 23.95 Bn | 3.68 Bn | 13.65% |
| 6 | Caseys General Stores | 25.84 Bn | 23.84 Bn | 1.24 Bn | 18.51% |
| 7 | Dollar Tree | 23.52 Bn | 20.14 Bn | 2.10 Bn | 25.93% |
| 8 | US Foods Holding | 21.84 Bn | 21.63 Bn | 1.92 Bn | 9.89% |
| 9 | Tractor Supply | 17.44 Bn | 16.61 Bn | 1.68 Bn | 22.62% |
| 10 | Murphy USA | 9.82 Bn | 9.46 Bn | 746.50 Mn | 24.32% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.32% |
| Mar 31, 2026 | 22.76% |
| Dec 31, 2025 | 19.85% |
| Sep 30, 2025 | 19.98% |
| Jun 30, 2025 | 20.82% |
| Mar 31, 2025 | 20.85% |
| Dec 31, 2024 | 21.40% |
| Sep 30, 2024 | 21.97% |
| Jun 30, 2024 | 23.07% |
| Mar 31, 2024 | 22.50% |
| Dec 31, 2023 | 23.75% |
| Sep 30, 2023 | 22.89% |
| Jun 30, 2023 | 25.42% |
| Mar 31, 2023 | 27.93% |
| Dec 31, 2022 | 29.36% |
| Sep 30, 2022 | 28.23% |
| Jun 30, 2022 | 23.60% |
| Mar 31, 2022 | 21.27% |
| Dec 31, 2021 | 17.46% |
| Sep 30, 2021 | 15.56% |
API Access
Murphy USA 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=MUSA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "MUSA", "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=MUSA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();