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 4.36% is 16% above its 5-year average of 3.75%, near the high end of its 5-year range (2.75%–4.36%).
As of the fiscal period ended Wednesday, December 31, 2025. 1.28% above its 12-month average of 4.30%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
4.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.21%
CURRENT VS TTM AVG
+1.28%
CURRENT VS 3Y AVG
+9.00%
CURRENT VS 5Y AVG
+16.22%
CURRENT VS 10Y AVG
+20.38%
CURRENT VS 15Y AVG
+12.63%
CURRENT VS 20Y AVG
+3.56%
SECTOR MEDIAN · UTILITIES
4.09%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+6.60%
vs the sector median at left
The Southern Company
Market Cap
$106.57B
Return on Invested Capital (ROIC)
4.36%
TTM Avg
4.30%
3Y Avg
4.00%
5Y Avg
3.75%
Market Cap
$97.78B
Return on Invested Capital (ROIC)
4.13%
TTM Avg
4.07%
3Y Avg
3.83%
5Y Avg
3.58%
Market Cap
$94.35B
Return on Invested Capital (ROIC)
4.00%
TTM Avg
5.83%
3Y Avg
3.57%
5Y Avg
2.53%
Market Cap
$69.56B
Return on Invested Capital (ROIC)
4.71%
TTM Avg
4.83%
3Y Avg
4.51%
5Y Avg
4.30%
Market Cap
$60.84B
Return on Invested Capital (ROIC)
3.41%
TTM Avg
3.13%
3Y Avg
2.58%
5Y Avg
2.44%
Market Cap
$57.89B
Return on Invested Capital (ROIC)
2.56%
TTM Avg
2.75%
3Y Avg
3.19%
5Y Avg
3.51%
Market Cap
$50.22B
Return on Invested Capital (ROIC)
3.55%
TTM Avg
3.37%
3Y Avg
3.76%
5Y Avg
3.53%
Market Cap
$49.97B
Return on Invested Capital (ROIC)
3.30%
TTM Avg
9.80%
3Y Avg
9.94%
5Y Avg
6.89%
Market Cap
$48.82B
Return on Invested Capital (ROIC)
3.77%
TTM Avg
3.71%
3Y Avg
3.95%
5Y Avg
3.99%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Southern Company (SO) | $106.57B | 4.36% | 4.30% | 4.00% | 3.75% |
| Duke Energy Corporation (DUK)vs › | $97.78B | 4.13% | 4.07% | 3.83% | 3.58% |
| Constellation Energy Corporation (CEG)vs › | $94.35B | 4.00% | 5.83% | 3.57% | 2.53% |
| American Electric Power Company, Inc. (AEP)vs › | $69.56B | 4.71% | 4.83% | 4.51% | 4.30% |
| Dominion Energy, Inc. (D)vs › | $60.84B | 3.41% | 3.13% | 2.58% | 2.44% |
| Sempra (SRE)vs › | $57.89B | 2.56% | 2.75% | 3.19% | 3.51% |
| Entergy Corporation (ETR)vs › | $50.22B | 3.55% | 3.37% | 3.76% | 3.53% |
| Vistra Corp. (VST)vs › | $49.97B | 3.30% | 9.80% | 9.94% | 6.89% |
| Xcel Energy Inc. (XEL)vs › | $48.82B | 3.77% | 3.71% | 3.95% | 3.99% |
| Exelon Corporation (EXC)vs › | $46.88B | 3.97% | 3.95% | 3.68% | 3.14% |
ROIC
4.4%
ROE
11.0%
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 | 4.36% |
| 2024-12-31 | 4.25% |
| 2023-12-31 | 3.94% |
| 2022-12-31 | 3.45% |
| 2021-12-31 | 2.75% |
| 2020-12-31 | 3.76% |
| 2019-12-31 | 5.03% |
| 2018-12-31 | 3.22% |
| 2017-12-31 | 1.95% |
| 2016-12-31 | 3.21% |
| 2015-12-31 | 3.92% |
| 2014-12-31 | 3.76% |
| 2013-12-31 | 3.57% |
| 2012-12-31 | 4.85% |
| 2011-12-31 | 4.98% |
| 2010-12-31 | 4.94% |
| 2009-12-31 | 4.72% |
| 2008-12-31 | 5.21% |
| 2007-12-31 | 5.27% |
| 2006-12-31 | 5.41% |
| 2005-12-31 | 5.86% |
| 2004-12-31 | 5.90% |
| 2003-12-31 | 6.01% |
| 2002-12-31 | 5.87% |
| 2001-12-31 | 5.73% |
| 2000-12-31 | 5.16% |
| 1999-12-31 | 4.94% |
| 1998-12-31 | 4.01% |
| 1997-12-31 | 4.37% |
| 1996-12-31 | 9.25% |
