Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. 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 4.35% is in line with its 5-year average of 4.07%, near the high end of its 5-year range (3.64%–4.36%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.10% above its 12-month average of 4.31%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 4.35%.
RETURN ON INVESTED CAPITAL (ROIC)
4.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.87%
CURRENT VS TTM AVG
+1.10%
CURRENT VS 3Y AVG
+3.87%
CURRENT VS 5Y AVG
+6.82%
CURRENT VS 10Y AVG
+9.38%
CURRENT VS 15Y AVG
+10.69%
CURRENT VS 20Y AVG
+12.58%
SECTOR MEDIAN · UTILITIES
4.09%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+6.42%
vs the sector median at left
American Water Works Company, Inc.
Market Cap
$27.36B
Return on Invested Capital (ROIC)
4.35%
TTM Avg
4.31%
3Y Avg
4.19%
5Y Avg
4.07%
Market Cap
$27.24B
Return on Invested Capital (ROIC)
4.81%
TTM Avg
4.67%
3Y Avg
4.44%
5Y Avg
4.38%
Market Cap
$27.59B
Return on Invested Capital (ROIC)
3.78%
TTM Avg
4.47%
3Y Avg
4.49%
5Y Avg
4.24%
Market Cap
$26.69B
Return on Invested Capital (ROIC)
4.43%
TTM Avg
4.06%
3Y Avg
3.67%
5Y Avg
3.75%
Market Cap
$25.77B
Return on Invested Capital (ROIC)
4.87%
TTM Avg
3.93%
3Y Avg
3.96%
5Y Avg
3.80%
Market Cap
$25.76B
Return on Invested Capital (ROIC)
4.14%
TTM Avg
4.05%
3Y Avg
3.86%
5Y Avg
3.63%
Market Cap
$29.03B
Return on Invested Capital (ROIC)
4.04%
TTM Avg
3.67%
3Y Avg
3.60%
5Y Avg
3.57%
Market Cap
$25.65B
Return on Invested Capital (ROIC)
4.24%
TTM Avg
3.82%
3Y Avg
3.55%
5Y Avg
3.29%
Market Cap
$23.94B
Return on Invested Capital (ROIC)
5.38%
TTM Avg
9.31%
3Y Avg
7.50%
5Y Avg
8.74%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| American Water Works Company, Inc. (AWK) | $27.36B | 4.35% | 4.31% | 4.19% | 4.07% |
| Atmos Energy Corporation (ATO)vs › | $27.24B | 4.81% | 4.67% | 4.44% | 4.38% |
| DTE Energy Company (DTE)vs › | $27.59B | 3.78% | 4.47% | 4.49% | 4.24% |
| FirstEnergy Corp. (FE)vs › | $26.69B | 4.43% | 4.06% | 3.67% | 3.75% |
| Eversource Energy (ES)vs › | $25.77B | 4.87% | 3.93% | 3.96% | 3.80% |
| CenterPoint Energy, Inc. (CNP)vs › | $25.76B | 4.14% | 4.05% | 3.86% | 3.63% |
| Ameren Corporation (AEE)vs › | $29.03B | 4.04% | 3.67% | 3.60% | 3.57% |
| PPL Corporation (PPL)vs › | $25.65B | 4.24% | 3.82% | 3.55% | 3.29% |
| NRG Energy, Inc. (NRG)vs › | $23.94B | 5.38% | 9.31% | 7.50% | 8.74% |
| Edison International (EIX)vs › | $21.55B | 3.91% | 4.93% | 3.77% | 3.19% |
ROIC
4.4%
ROE
9.7%
ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)
Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2026-06-30 | 4.35% |
| 2026-03-31 | 4.36% |
| 2025-12-31 | 4.21% |
| 2025-09-30 | 4.33% |
| 2025-06-30 | 4.27% |
| 2025-03-31 | 4.28% |
| 2024-12-31 | 4.26% |
| 2024-09-30 | 4.10% |
| 2024-06-30 | 4.03% |
| 2024-03-31 | 4.04% |
| 2023-12-31 | 4.12% |
| 2023-09-30 | 4.08% |
| 2023-06-30 | 4.04% |
| 2023-03-31 | 3.94% |
| 2022-12-31 | 3.92% |
| 2022-09-30 | 3.64% |
| 2022-06-30 | 3.64% |
| 2022-03-31 | 3.81% |
| 2021-12-31 | 3.75% |
| 2021-09-30 | 4.21% |
| 2021-06-30 | 4.19% |
| 2021-03-31 | 4.11% |
| 2020-12-31 | 4.08% |
| 2020-09-30 | 3.92% |
| 2020-06-30 | 3.90% |
| 2020-03-31 | 3.92% |
| 2019-12-31 | 4.07% |
| 2019-09-30 | 4.11% |
| 2019-06-30 | 3.87% |
| 2019-03-31 | 3.91% |
| 2018-12-31 | 3.92% |
| 2018-09-30 | 3.14% |
| 2018-06-30 | 3.46% |
| 2018-03-31 | 3.62% |
| 2017-12-31 | 3.73% |
| 2017-09-30 | 3.97% |
| 2017-06-30 | 3.70% |
| 2017-03-31 | 3.79% |
| 2016-12-31 | 3.75% |
| 2016-09-30 | 3.82% |
| 2016-06-30 | 3.98% |
| 2016-03-31 | 3.96% |
| 2015-12-31 | 3.99% |
| 2015-09-30 | 3.97% |
| 2015-06-30 | 3.91% |
| 2015-03-31 | 3.93% |
| 2014-12-31 | 3.93% |
| 2014-09-30 | 3.97% |
| 2014-06-30 | 3.97% |
| 2014-03-31 | 3.98% |
| 2013-12-31 | 3.99% |
| 2013-09-30 | 3.73% |
| 2013-06-30 | 3.76% |
| 2013-03-31 | 3.92% |
| 2012-12-31 | 3.89% |
| 2012-09-30 | 4.00% |
| 2012-06-30 | 3.85% |
| 2012-03-31 | 3.66% |
| 2011-12-31 | 3.52% |
| 2011-09-30 | 3.42% |
| 2011-06-30 | 3.39% |
| 2011-03-31 | 3.41% |
| 2010-12-31 | 3.28% |
| 2010-09-30 | 3.29% |
| 2010-06-30 | 3.11% |
| 2010-03-31 | 3.00% |
| 2009-12-31 | 1.33% |
| 2009-09-30 | 1.24% |
| 2009-06-30 | 1.23% |
| 2009-03-31 | 1.15% |
| 2008-12-31 | -1.50% |
| 2008-09-30 | -16.09% |
| 2008-06-30 | -13.48% |
| 2008-03-31 | -10.30% |
| 2007-12-31 | 0.02% |
| 2006-12-31 | 2.04% |
| 2002-09-30 | -3.22% |
| 2002-06-30 | -2.66% |
| 2002-03-31 | -2.14% |
| 2001-12-31 | -1.93% |
| 2001-09-30 | -1.48% |
| 2001-06-30 | -1.44% |
| 2001-03-31 | -1.46% |
| 2000-12-31 | -1.39% |
| 2000-09-30 | -1.47% |
| 2000-06-30 | 0.06% |
| 2000-03-31 | 1.57% |
