Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Summit Midstream's annualizedNet Income for the quarter that ended in Jun. 2026 was $13.9 Mil.
Summit Midstream's average Total Assets over the quarter that ended in Jun. 2026 was $2,406.9 Mil. Therefore, Summit Midstream's annualized ROA % for the quarter that ended in Jun. 2026 was 0.58%.
The historical rank and industry rank for Summit Midstream's ROA % or its related term are showing as below:
SMC'
s ROA % Range Over the Past 10 Years
Min: -6.59 Med: -1.16 Max: 7.58
Current: -0.13
During the past 13 years, Summit Midstream's highest ROA % was 7.58%. The lowest was -6.59%. And the median was -1.16%.
SMC's ROA % is ranked worse than 63.1% of 1038
companies
in the Oil & Gas industry
Industry Median: 2.235
vs SMC: -0.13
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 2026) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Summit Midstream ROA % Related Terms
Summit Midstream ROA % Historical Data
* Premium members only.
The historical data trend for Summit Midstream's ROA % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Midstream subindustry, Summit Midstream's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Summit Midstream ROA % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Summit Midstream's ROA % distribution charts can be found below:
* The bar in red indicates where Summit Midstream's ROA % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Summit Midstream (SMC) has a ROA % of 0.58% as of Jun. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Summit Midstream and its competitors. According to the industry distribution chart, Summit Midstream ranks #655 out of 1038 companies in the Oil & Gas industry, placing it in the top 63.1%.
Is Summit Midstream's ROA % too high?
Summit Midstream's current ROA % is 0.58%. The Oil & Gas industry median ROA % is 2.24. Summit Midstream's value of 0.58% is 74% below this industry median. Based on the distribution chart, Summit Midstream ranks #655 out of 1038 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Summit Midstream has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Summit Midstream's ROA % compare to KNOP and WHK?
According to the Oil & Gas industry distribution chart, Summit Midstream ranks #655 out of 1038 companies for ROA %. This places Summit Midstream in the lower half of its industry. The industry median ROA % is 2.24. Summit Midstream's value of 0.58% is 74% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Oil & Gas company?
The median ROA % among Oil & Gas companies is 2.24, based on 1,038 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Summit Midstream's current ROA % of 0.58% is 74% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Summit Midstream and its competitors. For the Oil & Gas industry, the median ROA % is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Summit Midstream's current ROA % is 0.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Summit Midstream stock overvalued right now?
Based on GuruFocus' analysis, Summit Midstream (SMC) is currently considered Modestly Overvalued. The stock's GF Value™ is $28.76, compared to a current price of $34.68 — trading 20.6% above its estimated fair value. The current ROA % is 0.58% and 74% below the Oil & Gas industry median of 2.24. Summit Midstream's overall GF Score™ is 60/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Summit Midstream (SMC), the current ROA % is 0.58% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Summit Midstream (SMC) Overvalued in 2026?
Based on GuruFocus' analysis, Summit Midstream stock appears to be overvalued.
The current stock price of $34.68 is trading 20.6% above its estimated GF Value™ of $28.76.
GuruFocus considers Summit Midstream to be Modestly Overvalued.
Key valuation signals for SMC:
ROA %: 0.58%
GF Value™: $28.76 vs. price of $34.68 (20.6% above fair value)
Industry Position: 74% below the Oil & Gas median (#655 of 1038)
No single metric tells the full story. See the SMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Summit Midstream Corp is a value-driven corporation focused on developing, owning and operating midstream energy infrastructure assets strategically located in unconventional resource basins, shale formations, in the continental U.S. It currently operates natural gas, crude oil and produced water gathering systems in various unconventional resource basins including the Williston Basin, DJ Basin, Barnett Shale, Piceance Basin, Permian Basin, and the Arkoma Basin. The company's reportable segments are: Rockies, Permian, Mid-Con, Piceance, and Northeast. Maximum revenue is generated from the Mid-Con segment. Summit generates revenue mainly from natural gas, NGLs, and condensate sales, and the provision of gathering and related services.
60GF Score
Get the complete analysis for SMC
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SMC has been successfully added to your 
