Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 4.58% is in line with its 5-year average of 4.37%, near the high end of its 5-year range (3.97%–4.76%).
As of the fiscal period ended Tuesday, September 30, 2025. 1.93% below its 12-month average of 4.67%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
4.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.55%
CURRENT VS TTM AVG
-1.93%
CURRENT VS 3Y AVG
+3.33%
CURRENT VS 5Y AVG
+4.73%
CURRENT VS 10Y AVG
-1.12%
CURRENT VS 15Y AVG
+2.97%
CURRENT VS 20Y AVG
+0.63%
SECTOR MEDIAN · UTILITIES
4.06%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
+12.81%
vs the sector median at left
Atmos Energy Corporation
Market Cap
$29.92B
Return on Invested Capital (ROIC)
4.58%
TTM Avg
4.67%
3Y Avg
4.43%
5Y Avg
4.37%
Market Cap
$29.76B
Return on Invested Capital (ROIC)
7.00%
TTM Avg
9.29%
3Y Avg
7.44%
5Y Avg
8.68%
Market Cap
$29.15B
Return on Invested Capital (ROIC)
3.96%
TTM Avg
4.05%
3Y Avg
3.86%
5Y Avg
3.63%
Market Cap
$30.69B
Return on Invested Capital (ROIC)
6.26%
TTM Avg
4.93%
3Y Avg
3.77%
5Y Avg
3.19%
Market Cap
$28.87B
Return on Invested Capital (ROIC)
4.46%
TTM Avg
4.06%
3Y Avg
3.39%
5Y Avg
3.56%
Market Cap
$31.09B
Return on Invested Capital (ROIC)
4.40%
TTM Avg
4.46%
3Y Avg
4.49%
5Y Avg
4.24%
Market Cap
$31.49B
Return on Invested Capital (ROIC)
4.01%
TTM Avg
3.67%
3Y Avg
3.60%
5Y Avg
3.57%
Market Cap
$28.17B
Return on Invested Capital (ROIC)
4.68%
TTM Avg
3.93%
3Y Avg
3.96%
5Y Avg
3.80%
Market Cap
$27.25B
Return on Invested Capital (ROIC)
4.06%
TTM Avg
3.82%
3Y Avg
3.55%
5Y Avg
2.90%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Atmos Energy Corporation (ATO) | $29.92B | 4.58% | 4.67% | 4.43% | 4.37% |
| NRG Energy, Inc. (NRG)vs › | $29.76B | 7.00% | 9.29% | 7.44% | 8.68% |
| CenterPoint Energy, Inc. (CNP)vs › | $29.15B | 3.96% | 4.05% | 3.86% | 3.63% |
| Edison International (EIX)vs › | $30.69B | 6.26% | 4.93% | 3.77% | 3.19% |
| FirstEnergy Corp. (FE)vs › | $28.87B | 4.46% | 4.06% | 3.39% | 3.56% |
| DTE Energy Company (DTE)vs › | $31.09B | 4.40% | 4.46% | 4.49% | 4.24% |
| Ameren Corporation (AEE)vs › | $31.49B | 4.01% | 3.67% | 3.60% | 3.57% |
| Eversource Energy (ES)vs › | $28.17B | 4.68% | 3.93% | 3.96% | 3.80% |
| PPL Corporation (PPL)vs › | $27.25B | 4.06% | 3.82% | 3.55% | 2.90% |
| American Water Works Company, Inc. (AWK)vs › | $26.30B | 4.21% | 4.23% | 4.13% | 4.06% |
ROIC
4.6%
ROE
9.0%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-09-30 | 4.58% |
| 2024-09-30 | 4.76% |
| 2023-09-30 | 4.41% |
| 2022-09-30 | 3.98% |
| 2021-09-30 | 3.97% |
| 2020-09-30 | 4.54% |
| 2019-09-30 | 4.65% |
| 2018-09-30 | 6.47% |
| 2017-09-30 | 4.58% |
| 2016-09-30 | 4.50% |
| 2015-09-30 | 4.51% |
| 2014-09-30 | 4.72% |
| 2013-09-30 | 4.24% |
| 2012-09-30 | 4.35% |
| 2011-09-30 | 4.11% |
| 2010-09-30 | 4.82% |
| 2009-09-30 | 5.14% |
| 2008-09-30 | 4.77% |
| 2007-09-30 | 4.98% |
| 2006-09-30 | 4.79% |
| 2005-09-30 | 4.63% |
| 2004-09-30 | 4.87% |
| 2003-09-30 | 5.11% |
| 2002-09-30 | 5.80% |
| 2001-09-30 | 4.68% |
| 2000-09-30 | 4.42% |
| 1999-09-30 | 3.10% |
| 1998-09-30 | 6.88% |
| 1997-09-30 | 4.34% |
| 1996-09-30 | 6.73% |
