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 5.38% is 50% below its 5-year average of 10.86%, around the middle of its 5-year range (-10.64%–25.35%).
As of the fiscal period ended Tuesday, June 30, 2026. 24.05% below its 12-month average of 7.08%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 5.38%.
RETURN ON INVESTED CAPITAL (ROIC)
5.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
10.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.23%
CURRENT VS TTM AVG
-24.05%
CURRENT VS 3Y AVG
-28.57%
CURRENT VS 5Y AVG
-50.50%
CURRENT VS 10Y AVG
-13.34%
CURRENT VS 15Y AVG
+23.74%
CURRENT VS 20Y AVG
+2.72%
SECTOR MEDIAN · UTILITIES
4.09%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+31.43%
vs the sector median at left
NRG Energy, Inc.
Market Cap
$21.87B
Return on Invested Capital (ROIC)
5.38%
TTM Avg
7.08%
3Y Avg
7.53%
5Y Avg
10.86%
Market Cap
$21.28B
Return on Invested Capital (ROIC)
3.91%
TTM Avg
4.93%
3Y Avg
3.77%
5Y Avg
3.19%
Market Cap
$20.49B
Return on Invested Capital (ROIC)
3.41%
TTM Avg
3.70%
3Y Avg
3.60%
5Y Avg
3.68%
Market Cap
$19.46B
Return on Invested Capital (ROIC)
4.54%
TTM Avg
4.33%
3Y Avg
4.19%
5Y Avg
3.88%
Market Cap
$25.09B
Return on Invested Capital (ROIC)
4.24%
TTM Avg
3.82%
3Y Avg
3.55%
5Y Avg
3.29%
Market Cap
$25.18B
Return on Invested Capital (ROIC)
4.14%
TTM Avg
4.05%
3Y Avg
3.86%
5Y Avg
3.63%
Market Cap
$18.39B
Return on Invested Capital (ROIC)
4.51%
TTM Avg
4.38%
3Y Avg
4.33%
5Y Avg
4.25%
Market Cap
$25.47B
Return on Invested Capital (ROIC)
4.87%
TTM Avg
3.93%
3Y Avg
3.96%
5Y Avg
3.80%
Market Cap
$26.19B
Return on Invested Capital (ROIC)
4.43%
TTM Avg
4.06%
3Y Avg
3.67%
5Y Avg
3.75%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NRG Energy, Inc. (NRG) | $21.87B | 5.38% | 7.08% | 7.53% | 10.86% |
| Edison International (EIX)vs › | $21.28B | 3.91% | 4.93% | 3.77% | 3.19% |
| CMS Energy Corporation (CMS)vs › | $20.49B | 3.41% | 3.70% | 3.60% | 3.68% |
| NiSource Inc (NI)vs › | $19.46B | 4.54% | 4.33% | 4.19% | 3.88% |
| PPL Corporation (PPL)vs › | $25.09B | 4.24% | 3.82% | 3.55% | 3.29% |
| CenterPoint Energy, Inc. (CNP)vs › | $25.18B | 4.14% | 4.05% | 3.86% | 3.63% |
| Evergy, Inc. (EVRG)vs › | $18.39B | 4.51% | 4.38% | 4.33% | 4.25% |
| Eversource Energy (ES)vs › | $25.47B | 4.87% | 3.93% | 3.96% | 3.80% |
| FirstEnergy Corp. (FE)vs › | $26.19B | 4.43% | 4.06% | 3.67% | 3.75% |
| DTE Energy Company (DTE)vs › | $26.74B | 3.78% | 4.47% | 4.49% | 4.24% |
ROIC
5.4%
ROE
17.5%
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 | 5.38% |
| 2026-03-31 | 3.08% |
| 2025-12-31 | 7.00% |
| 2025-09-30 | 12.07% |
| 2025-06-30 | 7.86% |
| 2025-03-31 | 12.63% |
| 2024-12-31 | 11.62% |
| 2024-09-30 | 9.65% |
| 2024-06-30 | 15.34% |
| 2024-03-31 | 12.34% |
| 2023-12-31 | 2.24% |
| 2023-09-30 | -8.89% |
| 2023-06-30 | -10.64% |
| 2023-03-31 | -9.59% |
| 2022-12-31 | 9.13% |
| 2022-09-30 | 12.23% |
| 2022-06-30 | 21.17% |
| 2022-03-31 | 25.35% |
| 2021-12-31 | 16.74% |
| 2021-09-30 | 17.01% |
| 2021-06-30 | 9.13% |
| 2021-03-31 | 3.85% |
| 2020-12-31 | 5.70% |
| 2020-09-30 | 12.99% |
| 2020-06-30 | 14.50% |
| 2020-03-31 | 12.38% |
| 2019-12-31 | 12.57% |
| 2019-09-30 | 14.89% |
| 2019-06-30 | 13.50% |
| 2019-03-31 | 10.11% |
| 2018-12-31 | 11.06% |
| 2018-09-30 | -4.42% |
| 2018-06-30 | -2.54% |
| 2018-03-31 | -1.66% |
| 2017-12-31 | -3.33% |
| 2017-09-30 | -0.52% |
| 2017-06-30 | 0.05% |
| 2017-03-31 | -0.61% |
| 2016-12-31 | 1.04% |
| 2016-09-30 | -12.88% |
| 2016-06-30 | -13.19% |
| 2016-03-31 | -12.64% |
| 2015-12-31 | -13.94% |
| 2015-09-30 | 1.74% |
| 2015-06-30 | 2.36% |
| 2015-03-31 | 3.22% |
| 2014-12-31 | 3.43% |
| 2014-09-30 | 1.62% |
| 2014-06-30 | 1.68% |
| 2014-03-31 | 2.44% |
| 2013-12-31 | 1.04% |
| 2013-09-30 | 1.86% |
| 2013-06-30 | 0.47% |
| 2013-03-31 | 0.83% |
| 2012-12-31 | 1.14% |
| 2012-09-30 | 1.41% |
| 2012-06-30 | 1.26% |
| 2012-03-31 | 0.70% |
| 2011-12-31 | 3.01% |
| 2011-09-30 | 3.73% |
| 2011-06-30 | 5.33% |
| 2011-03-31 | 3.66% |
| 2010-12-31 | 3.57% |
| 2010-09-30 | 3.67% |
| 2010-06-30 | 4.16% |
| 2010-03-31 | 5.47% |
| 2009-12-31 | 6.03% |
| 2009-09-30 | 6.51% |
| 2009-06-30 | 8.87% |
| 2009-03-31 | 7.69% |
| 2008-12-31 | 7.13% |
| 2008-09-30 | 6.62% |
| 2008-06-30 | 3.75% |
| 2008-03-31 | 5.06% |
| 2007-12-31 | 5.17% |
| 2007-09-30 | 4.33% |
| 2007-06-30 | 4.85% |
| 2007-03-31 | 5.28% |
| 2006-12-31 | 5.20% |
| 2006-09-30 | 5.48% |
| 2006-06-30 | 2.97% |
| 2006-03-31 | 1.47% |
| 2005-12-31 | 2.61% |
| 2005-09-30 | 0.78% |
| 2005-06-30 | 2.58% |
| 2005-03-31 | 3.04% |
| 2004-12-31 | 3.45% |
| 2004-09-30 | 53.37% |
| 2004-06-30 | 45.29% |
| 2004-03-31 | 39.35% |
| 2003-12-31 | 37.58% |
| 2003-09-30 | -4.23% |
| 2003-06-30 | -31.74% |
