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 3.18% is in line with its 5-year average of 3.28%, around the middle of its 5-year range (2.97%–3.67%).
As of the fiscal period ended Wednesday, December 31, 2025. 4.50% below its 12-month average of 3.33%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
3.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.73%
CURRENT VS TTM AVG
-4.50%
CURRENT VS 3Y AVG
+0.08%
CURRENT VS 5Y AVG
-3.05%
CURRENT VS 10Y AVG
-9.75%
CURRENT VS 15Y AVG
-14.79%
CURRENT VS 20Y AVG
-14.77%
SECTOR MEDIAN · UTILITIES
4.04%
median of 44 covered companies
CURRENT VS SECTOR MEDIAN
-21.19%
vs the sector median at left
Pinnacle West Capital Corporation
Market Cap
$12.24B
Return on Invested Capital (ROIC)
3.18%
TTM Avg
3.33%
3Y Avg
3.18%
5Y Avg
3.28%
Market Cap
$10.50B
Return on Invested Capital (ROIC)
4.24%
TTM Avg
4.35%
3Y Avg
0.13%
5Y Avg
1.91%
Market Cap
$10.16B
Return on Invested Capital (ROIC)
1.03%
TTM Avg
0.55%
3Y Avg
1.20%
5Y Avg
0.71%
Market Cap
$15.78B
Return on Invested Capital (ROIC)
0.16%
TTM Avg
1.41%
3Y Avg
1.25%
5Y Avg
0.09%
Market Cap
$8.42B
Return on Invested Capital (ROIC)
-8.88%
TTM Avg
-13.96%
3Y Avg
-69.76%
5Y Avg
-65.37%
Market Cap
$8.31B
Return on Invested Capital (ROIC)
1.08%
TTM Avg
1.24%
3Y Avg
3.55%
5Y Avg
3.27%
Market Cap
$7.33B
Return on Invested Capital (ROIC)
7.61%
TTM Avg
6.02%
3Y Avg
2.94%
5Y Avg
4.93%
Market Cap
$17.92B
Return on Invested Capital (ROIC)
4.12%
TTM Avg
4.10%
3Y Avg
4.40%
5Y Avg
4.42%
Market Cap
$5.68B
Return on Invested Capital (ROIC)
4.63%
TTM Avg
4.69%
3Y Avg
4.70%
5Y Avg
4.72%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Pinnacle West Capital Corporation (PNW) | $12.24B | 3.18% | 3.33% | 3.18% | 3.28% |
| The AES Corporation (AES)vs › | $10.50B | 4.24% | 4.35% | 0.13% | 1.91% |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.16B | 1.03% | 0.55% | 1.20% | 0.71% |
| Talen Energy Corporation (TLN)vs › | $15.78B | 0.16% | 1.41% | 1.25% | 0.09% |
| Oklo Inc. (OKLO)vs › | $8.42B | -8.88% | -13.96% | -69.76% | -65.37% |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 1.08% | 1.24% | 3.55% | 3.27% |
| UGI Corporation (UGI)vs › | $7.33B | 7.61% | 6.02% | 2.94% | 4.93% |
| Alliant Energy Corporation (LNT)vs › | $17.92B | 4.12% | 4.10% | 4.40% | 4.42% |
| Black Hills Corporation (BKH)vs › | $5.68B | 4.63% | 4.69% | 4.70% | 4.72% |
| Evergy, Inc. (EVRG)vs › | $19.22B | 4.25% | 4.38% | 4.33% | 4.25% |
ROIC
3.2%
ROE
9.1%
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 | 3.18% |
| 2024-12-31 | 3.48% |
| 2023-12-31 | 3.08% |
| 2022-12-31 | 2.97% |
| 2021-12-31 | 3.30% |
| 2020-12-31 | 3.67% |
| 2019-12-31 | 3.88% |
| 2018-12-31 | 3.72% |
| 2017-12-31 | 3.77% |
| 2016-12-31 | 3.68% |
| 2015-12-31 | 4.03% |
| 2014-12-31 | 4.01% |
| 2013-12-31 | 4.41% |
| 2012-12-31 | 4.35% |
| 2011-12-31 | 4.02% |
| 2010-12-31 | 4.16% |
| 2009-12-31 | 3.53% |
| 2008-12-31 | 3.53% |
| 2007-12-31 | 3.97% |
| 2006-12-31 | 4.13% |
| 2005-12-31 | 3.48% |
| 2004-12-31 | 3.74% |
| 2003-12-31 | 3.54% |
| 2002-12-31 | 4.26% |
| 2001-12-31 | 5.51% |
| 2000-12-31 | 5.97% |
| 1999-12-31 | 5.69% |
| 1998-12-31 | 5.18% |
| 1997-12-31 | 5.19% |
| 1996-12-31 | 5.11% |
