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 4.46% is 25% above its 5-year average of 3.56%, near the high end of its 5-year range (1.37%–4.59%).
As of the fiscal period ended Wednesday, December 31, 2025. 9.85% above its 12-month average of 4.06%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
4.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.63%
CURRENT VS TTM AVG
+9.85%
CURRENT VS 3Y AVG
+31.47%
CURRENT VS 5Y AVG
+25.16%
CURRENT VS 10Y AVG
+35.15%
CURRENT VS 15Y AVG
+33.37%
CURRENT VS 20Y AVG
+22.92%
SECTOR MEDIAN · UTILITIES
4.09%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+9.05%
vs the sector median at left
FirstEnergy Corp.
Market Cap
$27.95B
Return on Invested Capital (ROIC)
4.46%
TTM Avg
4.06%
3Y Avg
3.39%
5Y Avg
3.56%
Market Cap
$27.69B
Return on Invested Capital (ROIC)
3.96%
TTM Avg
4.05%
3Y Avg
3.86%
5Y Avg
3.63%
Market Cap
$28.23B
Return on Invested Capital (ROIC)
6.26%
TTM Avg
4.93%
3Y Avg
3.77%
5Y Avg
3.19%
Market Cap
$28.33B
Return on Invested Capital (ROIC)
7.00%
TTM Avg
9.29%
3Y Avg
7.44%
5Y Avg
8.68%
Market Cap
$28.84B
Return on Invested Capital (ROIC)
4.58%
TTM Avg
4.67%
3Y Avg
4.43%
5Y Avg
4.37%
Market Cap
$26.92B
Return on Invested Capital (ROIC)
4.68%
TTM Avg
3.93%
3Y Avg
3.96%
5Y Avg
3.80%
Market Cap
$26.66B
Return on Invested Capital (ROIC)
4.21%
TTM Avg
4.23%
3Y Avg
4.13%
5Y Avg
4.06%
Market Cap
$26.49B
Return on Invested Capital (ROIC)
4.06%
TTM Avg
3.82%
3Y Avg
3.55%
5Y Avg
2.90%
Market Cap
$29.52B
Return on Invested Capital (ROIC)
4.40%
TTM Avg
4.46%
3Y Avg
4.49%
5Y Avg
4.24%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| FirstEnergy Corp. (FE) | $27.95B | 4.46% | 4.06% | 3.39% | 3.56% |
| CenterPoint Energy, Inc. (CNP)vs › | $27.69B | 3.96% | 4.05% | 3.86% | 3.63% |
| Edison International (EIX)vs › | $28.23B | 6.26% | 4.93% | 3.77% | 3.19% |
| NRG Energy, Inc. (NRG)vs › | $28.33B | 7.00% | 9.29% | 7.44% | 8.68% |
| Atmos Energy Corporation (ATO)vs › | $28.84B | 4.58% | 4.67% | 4.43% | 4.37% |
| Eversource Energy (ES)vs › | $26.92B | 4.68% | 3.93% | 3.96% | 3.80% |
| American Water Works Company, Inc. (AWK)vs › | $26.66B | 4.21% | 4.23% | 4.13% | 4.06% |
| PPL Corporation (PPL)vs › | $26.49B | 4.06% | 3.82% | 3.55% | 2.90% |
| DTE Energy Company (DTE)vs › | $29.52B | 4.40% | 4.46% | 4.49% | 4.24% |
| Ameren Corporation (AEE)vs › | $30.33B | 4.01% | 3.67% | 3.60% | 3.57% |
ROIC
4.5%
ROE
8.9%
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 | 4.46% |
| 2024-12-31 | 3.66% |
| 2023-12-31 | 4.08% |
| 2022-12-31 | 1.37% |
| 2021-12-31 | 3.22% |
| 2020-12-31 | 4.59% |
| 2019-12-31 | 5.23% |
| 2018-12-31 | 4.55% |
| 2017-12-31 | -1.26% |
| 2016-12-31 | 3.40% |
| 2015-12-31 | 3.00% |
| 2014-12-31 | 2.16% |
| 2013-12-31 | 2.19% |
| 2012-12-31 | 2.66% |
| 2011-12-31 | 2.29% |
| 2010-12-31 | 3.30% |
| 2009-12-31 | 4.72% |
| 2008-12-31 | 5.58% |
| 2007-12-31 | 4.59% |
| 2006-12-31 | 4.46% |
| 2005-12-31 | 3.06% |
| 2004-12-31 | 3.51% |
| 2003-12-31 | 2.72% |
| 2002-12-31 | 3.72% |
| 2001-12-31 | 2.78% |
| 2000-12-31 | 5.57% |
| 1999-12-31 | 5.32% |
| 1998-12-31 | 4.58% |
| 1997-12-31 | 3.01% |
