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 4.21% is in line with its 5-year average of 4.06%, near the high end of its 5-year range (3.75%–4.26%).
As of the fiscal period ended Wednesday, December 31, 2025. 0.59% below its 12-month average of 4.23%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
4.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.76%
CURRENT VS TTM AVG
-0.59%
CURRENT VS 3Y AVG
+2.00%
CURRENT VS 5Y AVG
+3.78%
CURRENT VS 10Y AVG
+6.71%
CURRENT VS 15Y AVG
+7.53%
CURRENT VS 20Y AVG
+11.92%
SECTOR MEDIAN · UTILITIES
4.09%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+2.93%
vs the sector median at left
American Water Works Company, Inc.
Market Cap
$26.97B
Return on Invested Capital (ROIC)
4.21%
TTM Avg
4.23%
3Y Avg
4.13%
5Y Avg
4.06%
Market Cap
$26.86B
Return on Invested Capital (ROIC)
4.06%
TTM Avg
3.82%
3Y Avg
3.55%
5Y Avg
2.90%
Market Cap
$26.21B
Return on Invested Capital (ROIC)
7.00%
TTM Avg
9.29%
3Y Avg
7.44%
5Y Avg
8.68%
Market Cap
$28.12B
Return on Invested Capital (ROIC)
4.68%
TTM Avg
3.93%
3Y Avg
3.96%
5Y Avg
3.80%
Market Cap
$28.28B
Return on Invested Capital (ROIC)
3.96%
TTM Avg
4.05%
3Y Avg
3.86%
5Y Avg
3.63%
Market Cap
$28.42B
Return on Invested Capital (ROIC)
4.46%
TTM Avg
4.06%
3Y Avg
3.39%
5Y Avg
3.56%
Market Cap
$29.66B
Return on Invested Capital (ROIC)
4.58%
TTM Avg
4.67%
3Y Avg
4.43%
5Y Avg
4.37%
Market Cap
$29.86B
Return on Invested Capital (ROIC)
4.40%
TTM Avg
4.46%
3Y Avg
4.49%
5Y Avg
4.24%
Market Cap
$30.26B
Return on Invested Capital (ROIC)
6.26%
TTM Avg
4.93%
3Y Avg
3.77%
5Y Avg
3.19%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| American Water Works Company, Inc. (AWK) | $26.97B | 4.21% | 4.23% | 4.13% | 4.06% |
| PPL Corporation (PPL)vs › | $26.86B | 4.06% | 3.82% | 3.55% | 2.90% |
| NRG Energy, Inc. (NRG)vs › | $26.21B | 7.00% | 9.29% | 7.44% | 8.68% |
| Eversource Energy (ES)vs › | $28.12B | 4.68% | 3.93% | 3.96% | 3.80% |
| CenterPoint Energy, Inc. (CNP)vs › | $28.28B | 3.96% | 4.05% | 3.86% | 3.63% |
| FirstEnergy Corp. (FE)vs › | $28.42B | 4.46% | 4.06% | 3.39% | 3.56% |
| Atmos Energy Corporation (ATO)vs › | $29.66B | 4.58% | 4.67% | 4.43% | 4.37% |
| DTE Energy Company (DTE)vs › | $29.86B | 4.40% | 4.46% | 4.49% | 4.24% |
| Edison International (EIX)vs › | $30.26B | 6.26% | 4.93% | 3.77% | 3.19% |
| Ameren Corporation (AEE)vs › | $30.43B | 4.01% | 3.67% | 3.60% | 3.57% |
ROIC
4.2%
ROE
9.7%
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) |
|---|---|
| 2025-12-31 | 4.21% |
| 2024-12-31 | 4.26% |
| 2023-12-31 | 4.12% |
| 2022-12-31 | 3.92% |
| 2021-12-31 | 3.75% |
| 2020-12-31 | 4.08% |
| 2019-12-31 | 4.22% |
| 2018-12-31 | 3.92% |
| 2017-12-31 | 3.18% |
| 2016-12-31 | 3.75% |
| 2015-12-31 | 3.99% |
| 2014-12-31 | 3.94% |
| 2013-12-31 | 3.98% |
| 2012-12-31 | 3.89% |
| 2011-12-31 | 3.42% |
| 2010-12-31 | 3.28% |
| 2009-12-31 | 1.33% |
| 2008-12-31 | -1.46% |
| 2007-12-31 | 0.02% |
| 2006-12-31 | 2.04% |
| 2005-12-31 | 0.00% |
| 2001-12-31 | -1.94% |
| 2000-12-31 | -1.39% |
| 1999-12-31 | 4.41% |
| 1998-12-31 | -1.61% |
| 1997-12-31 | -1.88% |
| 1996-12-31 | 4.63% |
| 1995-12-31 | -2.89% |
| 1994-12-31 | -3.04% |
| 1993-12-31 | -2.90% |