Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.
The return on invested capital (ROIC) is 13.49% as of the fiscal period ended Tuesday, June 30, 2026.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
Limited quarterly history available
ROIC needs at least three reported quarters before a meaningful chart is shown.
RETURN ON INVESTED CAPITAL (ROIC)
13.49%
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
3.98%
median of 63 covered companies
CURRENT VS SECTOR MEDIAN
+238.99%
vs the sector median at left
SOLV Energy, Inc. Class A Common Stock
Market Cap
$3.27B
Return on Invested Capital (ROIC)
13.49%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.94B
Return on Invested Capital (ROIC)
4.27%
TTM Avg
3.92%
3Y Avg
3.53%
5Y Avg
3.50%
Market Cap
$2.64B
Return on Invested Capital (ROIC)
4.72%
TTM Avg
4.97%
3Y Avg
4.79%
5Y Avg
4.74%
Market Cap
$2.50B
Return on Invested Capital (ROIC)
4.63%
TTM Avg
3.98%
3Y Avg
4.29%
5Y Avg
4.85%
Market Cap
$4.06B
Return on Invested Capital (ROIC)
-4.02%
TTM Avg
-4.02%
3Y Avg
-4.02%
5Y Avg
-4.02%
Market Cap
$2.45B
Return on Invested Capital (ROIC)
3.05%
TTM Avg
3.34%
3Y Avg
3.30%
5Y Avg
3.22%
Market Cap
$2.42B
Return on Invested Capital (ROIC)
N/A
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
$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 |
|---|---|---|---|---|---|
| SOLV Energy, Inc. Class A Common Stock (MWH) | $3.27B | 13.49% | N/A | N/A | N/A |
| Avista Corporation (AVA)vs › | $2.94B | 4.27% | 3.92% | 3.53% | 3.50% |
| MGE Energy, Inc. (MGEE)vs › | $2.64B | 4.72% | 4.97% | 4.79% | 4.74% |
| ReNew Energy Global Plc (RNW)vs › | $2.50B | 4.63% | 3.98% | 4.29% | 4.85% |
| Fervo Energy Company (FRVO)vs › | $4.06B | -4.02% | -4.02% | -4.02% | -4.02% |
| H2O America (HTO)vs › | $2.45B | 3.05% | 3.34% | 3.30% | 3.22% |
| newcleo plc Ordinary Shares (NWCL)vs › | $2.42B | N/A | N/A | N/A | N/A |
| Northwestern Energy Group Inc (NWE)vs › | $4.25B | 3.86% | 4.09% | 4.02% | 4.04% |
| Northwest Natural Holding Company (NWN)vs › | $1.99B | 5.11% | 4.01% | 3.53% | 3.43% |
| Fluence Energy, Inc. (FLNC)vs › | $1.47B | -12.09% | -0.84% | -15.76% | -81.23% |
ROIC
13.5%
ROE
17.6%
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 | 13.49% |
