Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The return on invested capital (ROIC) is -4.02% as of the fiscal period ended Wednesday, December 31, 2025.
Limited history available
FRVO Return on Invested Capital (ROIC) has fewer than three reported periods, so a trend chart would be misleading.
RETURN ON INVESTED CAPITAL (ROIC)
-4.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · UTILITIES
3.91%
median of 61 covered companies
CURRENT VS SECTOR MEDIAN
-202.81%
vs the sector median at left
Fervo Energy Company
Market Cap
$4.05B
Return on Invested Capital (ROIC)
-4.02%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$4.25B
Return on Invested Capital (ROIC)
3.86%
TTM Avg
4.09%
3Y Avg
4.02%
5Y Avg
4.04%
Market Cap
$3.25B
Return on Invested Capital (ROIC)
13.49%
TTM Avg
20.18%
3Y Avg
20.18%
5Y Avg
20.18%
Market Cap
$2.96B
Return on Invested Capital (ROIC)
4.27%
TTM Avg
3.92%
3Y Avg
3.53%
5Y Avg
3.50%
Market Cap
$5.41B
Return on Invested Capital (ROIC)
4.73%
TTM Avg
4.69%
3Y Avg
4.70%
5Y Avg
4.72%
Market Cap
$2.65B
Return on Invested Capital (ROIC)
4.72%
TTM Avg
4.97%
3Y Avg
4.79%
5Y Avg
4.74%
Market Cap
$2.46B
Return on Invested Capital (ROIC)
3.05%
TTM Avg
3.34%
3Y Avg
3.30%
5Y Avg
3.22%
Market Cap
$2.41B
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$1.99B
Return on Invested Capital (ROIC)
5.11%
TTM Avg
4.01%
3Y Avg
3.53%
5Y Avg
3.43%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fervo Energy Company (FRVO) | $4.05B | -4.02% | N/A | N/A | N/A |
| Northwestern Energy Group Inc (NWE)vs › | $4.25B | 3.86% | 4.09% | 4.02% | 4.04% |
| SOLV Energy, Inc. Class A Common Stock (MWH)vs › | $3.25B | 13.49% | 20.18% | 20.18% | 20.18% |
| Avista Corporation (AVA)vs › | $2.96B | 4.27% | 3.92% | 3.53% | 3.50% |
| Black Hills Corporation (BKH)vs › | $5.41B | 4.73% | 4.69% | 4.70% | 4.72% |
| MGE Energy, Inc. (MGEE)vs › | $2.65B | 4.72% | 4.97% | 4.79% | 4.74% |
| H2O America (HTO)vs › | $2.46B | 3.05% | 3.34% | 3.30% | 3.22% |
| newcleo plc Ordinary Shares (NWCL)vs › | $2.41B | N/A | N/A | N/A | N/A |
| Northwest Natural Holding Company (NWN)vs › | $1.99B | 5.11% | 4.01% | 3.53% | 3.43% |
| Clearway Energy, Inc. (CWEN)vs › | $6.21B | 1.37% | 1.24% | 3.60% | 3.31% |
ROIC
-4.0%
ROE
N/A
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) |
|---|---|
| 2025-12-31 | -4.02% |
