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 3.91% is 25% above its 5-year average of 3.13%, around the middle of its 5-year range (1.80%–5.07%).
As of the fiscal period ended Tuesday, June 30, 2026. 11.71% below its 12-month average of 4.43%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 3.91%.
RETURN ON INVESTED CAPITAL (ROIC)
3.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
2.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.30%
CURRENT VS TTM AVG
-11.71%
CURRENT VS 3Y AVG
+3.44%
CURRENT VS 5Y AVG
+24.80%
CURRENT VS 10Y AVG
+33.39%
CURRENT VS 15Y AVG
+40.52%
CURRENT VS 20Y AVG
+18.52%
SECTOR MEDIAN · UTILITIES
4.09%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-4.37%
vs the sector median at left
Edison International
Market Cap
$20.22B
Return on Invested Capital (ROIC)
3.91%
TTM Avg
4.43%
3Y Avg
3.78%
5Y Avg
3.13%
Market Cap
$20.64B
Return on Invested Capital (ROIC)
5.38%
TTM Avg
9.31%
3Y Avg
7.50%
5Y Avg
8.74%
Market Cap
$19.68B
Return on Invested Capital (ROIC)
3.41%
TTM Avg
3.70%
3Y Avg
3.60%
5Y Avg
3.68%
Market Cap
$18.76B
Return on Invested Capital (ROIC)
4.54%
TTM Avg
4.33%
3Y Avg
4.19%
5Y Avg
3.88%
Market Cap
$17.90B
Return on Invested Capital (ROIC)
4.51%
TTM Avg
4.38%
3Y Avg
4.33%
5Y Avg
4.25%
Market Cap
$23.99B
Return on Invested Capital (ROIC)
4.87%
TTM Avg
3.93%
3Y Avg
3.96%
5Y Avg
3.80%
Market Cap
$24.06B
Return on Invested Capital (ROIC)
4.24%
TTM Avg
3.82%
3Y Avg
3.55%
5Y Avg
3.29%
Market Cap
$16.35B
Return on Invested Capital (ROIC)
4.04%
TTM Avg
4.10%
3Y Avg
4.40%
5Y Avg
4.42%
Market Cap
$24.25B
Return on Invested Capital (ROIC)
4.14%
TTM Avg
4.05%
3Y Avg
3.86%
5Y Avg
3.63%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Edison International (EIX) | $20.22B | 3.91% | 4.43% | 3.78% | 3.13% |
| NRG Energy, Inc. (NRG)vs › | $20.64B | 5.38% | 9.31% | 7.50% | 8.74% |
| CMS Energy Corporation (CMS)vs › | $19.68B | 3.41% | 3.70% | 3.60% | 3.68% |
| NiSource Inc (NI)vs › | $18.76B | 4.54% | 4.33% | 4.19% | 3.88% |
| Evergy, Inc. (EVRG)vs › | $17.90B | 4.51% | 4.38% | 4.33% | 4.25% |
| Eversource Energy (ES)vs › | $23.99B | 4.87% | 3.93% | 3.96% | 3.80% |
| PPL Corporation (PPL)vs › | $24.06B | 4.24% | 3.82% | 3.55% | 3.29% |
| Alliant Energy Corporation (LNT)vs › | $16.35B | 4.04% | 4.10% | 4.40% | 4.42% |
| CenterPoint Energy, Inc. (CNP)vs › | $24.25B | 4.14% | 4.05% | 3.86% | 3.63% |
| FirstEnergy Corp. (FE)vs › | $24.99B | 4.43% | 4.06% | 3.67% | 3.75% |
ROIC
3.9%
ROE
21.9%
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 | 3.91% |
| 2026-03-31 | 3.76% |
| 2025-12-31 | 4.68% |
| 2025-09-30 | 5.07% |
| 2025-06-30 | 4.74% |
| 2025-03-31 | 4.83% |
| 2024-12-31 | 3.61% |
| 2024-09-30 | 3.51% |
| 2024-06-30 | 3.04% |
| 2024-03-31 | 2.87% |
| 2023-12-31 | 3.17% |
| 2023-09-30 | 3.21% |
| 2023-06-30 | 2.76% |
| 2023-03-31 | 2.48% |
| 2022-12-31 | 2.05% |
| 2022-09-30 | 1.89% |
| 2022-06-30 | 1.80% |
| 2022-03-31 | 1.92% |
| 2021-12-31 | 2.12% |
| 2021-09-30 | 2.30% |
| 2021-06-30 | 2.10% |
| 2021-03-31 | 2.04% |
| 2020-12-31 | 1.95% |
| 2020-09-30 | 1.13% |
| 2020-06-30 | 2.75% |
| 2020-03-31 | 2.78% |
| 2019-12-31 | 2.96% |
| 2019-09-30 | -0.93% |
| 2019-06-30 | -0.81% |
| 2019-03-31 | -0.97% |
| 2018-12-31 | -1.06% |
| 2018-09-30 | 1.73% |
| 2018-06-30 | 1.76% |
| 2018-03-31 | 1.79% |
| 2017-12-31 | 2.15% |
| 2017-09-30 | 4.15% |
| 2017-06-30 | 4.01% |
| 2017-03-31 | 4.08% |
| 2016-12-31 | 3.90% |
| 2016-09-30 | 2.77% |
| 2016-06-30 | 2.71% |
| 2016-03-31 | 2.94% |
| 2015-12-31 | 2.99% |
| 2015-09-30 | 4.05% |
| 2015-06-30 | 4.22% |
| 2015-03-31 | 4.19% |
| 2014-12-31 | 4.13% |
| 2014-09-30 | 4.00% |
| 2014-06-30 | 3.97% |
| 2014-03-31 | 3.10% |
| 2013-12-31 | 3.23% |
| 2013-09-30 | 4.51% |
| 2013-06-30 | 4.43% |
| 2013-03-31 | 5.21% |
| 2012-12-31 | 5.35% |
| 2012-09-30 | 0.43% |
| 2012-06-30 | 0.60% |
| 2012-03-31 | 0.51% |
| 2011-12-31 | 0.67% |
| 2011-09-30 | 3.17% |
| 2011-06-30 | 3.40% |
| 2011-03-31 | 4.00% |
| 2010-12-31 | 4.00% |
| 2010-09-30 | 4.13% |
| 2010-06-30 | 4.12% |
| 2010-03-31 | 3.40% |
| 2009-12-31 | 3.64% |
| 2009-09-30 | 3.72% |
| 2009-06-30 | 4.29% |
| 2009-03-31 | 4.18% |
| 2008-12-31 | 4.29% |
| 2008-09-30 | 4.57% |
| 2008-06-30 | 4.88% |
| 2008-03-31 | 3.77% |
| 2007-12-31 | 3.93% |
| 2007-09-30 | 4.12% |
| 2007-06-30 | 4.14% |
| 2007-03-31 | 5.11% |
| 2006-12-31 | 4.69% |
| 2006-09-30 | 4.75% |
| 2006-06-30 | 4.90% |
| 2006-03-31 | 5.07% |
| 2005-12-31 | 5.16% |
| 2005-09-30 | 5.74% |
| 2005-06-30 | 5.49% |
| 2005-03-31 | 4.34% |
| 2004-12-31 | 3.60% |
| 2004-09-30 | 3.20% |
| 2004-06-30 | 2.94% |
| 2004-03-31 | 3.85% |
| 2003-12-31 | 4.26% |
| 2003-09-30 | 6.63% |
| 2003-06-30 | 6.99% |
