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 4.13% is 15% above its 5-year average of 3.58%, near the high end of its 5-year range (2.98%–4.13%).
As of the fiscal period ended Wednesday, December 31, 2025. 1.35% above its 12-month average of 4.07%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
4.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.20%
CURRENT VS TTM AVG
+1.35%
CURRENT VS 3Y AVG
+7.76%
CURRENT VS 5Y AVG
+15.20%
CURRENT VS 10Y AVG
+23.85%
CURRENT VS 15Y AVG
+34.72%
CURRENT VS 20Y AVG
+28.92%
SECTOR MEDIAN · UTILITIES
4.06%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
+1.72%
vs the sector median at left
Duke Energy Corporation
Market Cap
$101.75B
Return on Invested Capital (ROIC)
4.13%
TTM Avg
4.07%
3Y Avg
3.83%
5Y Avg
3.58%
Market Cap
$98.52B
Return on Invested Capital (ROIC)
4.00%
TTM Avg
5.83%
3Y Avg
3.57%
5Y Avg
2.53%
Market Cap
$109.63B
Return on Invested Capital (ROIC)
4.36%
TTM Avg
4.30%
3Y Avg
4.00%
5Y Avg
3.75%
Market Cap
$73.75B
Return on Invested Capital (ROIC)
4.71%
TTM Avg
4.83%
3Y Avg
4.51%
5Y Avg
4.30%
Market Cap
$62.52B
Return on Invested Capital (ROIC)
3.41%
TTM Avg
3.13%
3Y Avg
2.58%
5Y Avg
2.44%
Market Cap
$60.79B
Return on Invested Capital (ROIC)
2.56%
TTM Avg
2.75%
3Y Avg
3.19%
5Y Avg
3.51%
Market Cap
$55.09B
Return on Invested Capital (ROIC)
3.30%
TTM Avg
9.80%
3Y Avg
9.94%
5Y Avg
6.89%
Market Cap
$53.09B
Return on Invested Capital (ROIC)
3.55%
TTM Avg
3.37%
3Y Avg
3.76%
5Y Avg
3.53%
Market Cap
$50.98B
Return on Invested Capital (ROIC)
3.77%
TTM Avg
3.71%
3Y Avg
3.95%
5Y Avg
3.99%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Duke Energy Corporation (DUK) | $101.75B | 4.13% | 4.07% | 3.83% | 3.58% |
| Constellation Energy Corporation (CEG)vs › | $98.52B | 4.00% | 5.83% | 3.57% | 2.53% |
| The Southern Company (SO)vs › | $109.63B | 4.36% | 4.30% | 4.00% | 3.75% |
| American Electric Power Company, Inc. (AEP)vs › | $73.75B | 4.71% | 4.83% | 4.51% | 4.30% |
| Dominion Energy, Inc. (D)vs › | $62.52B | 3.41% | 3.13% | 2.58% | 2.44% |
| Sempra (SRE)vs › | $60.79B | 2.56% | 2.75% | 3.19% | 3.51% |
| Vistra Corp. (VST)vs › | $55.09B | 3.30% | 9.80% | 9.94% | 6.89% |
| Entergy Corporation (ETR)vs › | $53.09B | 3.55% | 3.37% | 3.76% | 3.53% |
| Xcel Energy Inc. (XEL)vs › | $50.98B | 3.77% | 3.71% | 3.95% | 3.99% |
| Exelon Corporation (EXC)vs › | $48.63B | 3.97% | 3.95% | 3.68% | 3.14% |
ROIC
4.1%
ROE
9.4%
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 | 4.13% |
| 2024-12-31 | 4.02% |
| 2023-12-31 | 3.85% |
| 2022-12-31 | 3.33% |
| 2021-12-31 | 3.20% |
| 2020-12-31 | 2.98% |
| 2019-12-31 | 3.32% |
| 2018-12-31 | 2.92% |
| 2017-12-31 | 3.09% |
| 2016-12-31 | 2.85% |
| 2015-12-31 | 2.99% |
| 2014-12-31 | 2.85% |
| 2013-12-31 | 3.04% |
| 2012-12-31 | 2.61% |
| 2011-12-31 | 3.25% |
| 2010-12-31 | 2.64% |
| 2009-12-31 | 2.45% |
| 2008-12-31 | 3.39% |
| 2007-12-31 | 3.68% |
| 2006-12-31 | 3.48% |
| 2005-12-31 | 5.02% |
| 2004-12-31 | 4.72% |
| 2003-12-31 | -0.87% |
| 2002-12-31 | 3.45% |
| 2001-12-31 | 5.88% |
| 2000-12-31 | 5.28% |
| 1999-12-31 | 4.19% |
| 1998-12-31 | 6.74% |
| 1997-12-31 | 5.67% |
| 1996-12-31 | 12.56% |
