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 4.40% is in line with its 5-year average of 4.28%, around the middle of its 5-year range (4.09%–5.00%).
As of the fiscal period ended Tuesday, June 30, 2026. 6.53% below its 12-month average of 4.71%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 4.40%.
RETURN ON INVESTED CAPITAL (ROIC)
4.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.58%
CURRENT VS TTM AVG
-6.53%
CURRENT VS 3Y AVG
-1.55%
CURRENT VS 5Y AVG
+2.89%
CURRENT VS 10Y AVG
-1.65%
CURRENT VS 15Y AVG
-6.48%
CURRENT VS 20Y AVG
-3.87%
SECTOR MEDIAN · UTILITIES
4.09%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+7.68%
vs the sector median at left
Essential Utilities, Inc.
Market Cap
$11.17B
Return on Invested Capital (ROIC)
4.40%
TTM Avg
4.71%
3Y Avg
4.47%
5Y Avg
4.28%
Market Cap
$11.62B
Return on Invested Capital (ROIC)
4.17%
TTM Avg
3.33%
3Y Avg
3.19%
5Y Avg
3.29%
Market Cap
$10.63B
Return on Invested Capital (ROIC)
4.38%
TTM Avg
4.35%
3Y Avg
4.71%
5Y Avg
5.33%
Market Cap
$8.67B
Return on Invested Capital (ROIC)
0.75%
TTM Avg
1.15%
3Y Avg
1.51%
5Y Avg
1.71%
Market Cap
$7.98B
Return on Invested Capital (ROIC)
6.41%
TTM Avg
6.02%
3Y Avg
2.46%
5Y Avg
4.61%
Market Cap
$14.56B
Return on Invested Capital (ROIC)
1.87%
TTM Avg
1.41%
3Y Avg
1.26%
5Y Avg
-0.17%
Market Cap
$6.24B
Return on Invested Capital (ROIC)
-6.59%
TTM Avg
-14.18%
3Y Avg
-70.65%
5Y Avg
-66.26%
Market Cap
$6.03B
Return on Invested Capital (ROIC)
1.37%
TTM Avg
1.24%
3Y Avg
3.60%
5Y Avg
3.31%
Market Cap
$16.61B
Return on Invested Capital (ROIC)
4.04%
TTM Avg
4.10%
3Y Avg
4.40%
5Y Avg
4.42%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Essential Utilities, Inc. (WTRG) | $11.17B | 4.40% | 4.71% | 4.47% | 4.28% |
| Pinnacle West Capital Corporation (PNW)vs › | $11.62B | 4.17% | 3.33% | 3.19% | 3.29% |
| The AES Corporation (AES)vs › | $10.63B | 4.38% | 4.35% | 4.71% | 5.33% |
| Brookfield Renewable Partners L.P. (BEP)vs › | $8.67B | 0.75% | 1.15% | 1.51% | 1.71% |
| UGI Corporation (UGI)vs › | $7.98B | 6.41% | 6.02% | 2.46% | 4.61% |
| Talen Energy Corporation (TLN)vs › | $14.56B | 1.87% | 1.41% | 1.26% | -0.17% |
| Oklo Inc. (OKLO)vs › | $6.24B | -6.59% | -14.18% | -70.65% | -66.26% |
| Clearway Energy, Inc. (CWEN)vs › | $6.03B | 1.37% | 1.24% | 3.60% | 3.31% |
| Alliant Energy Corporation (LNT)vs › | $16.61B | 4.04% | 4.10% | 4.40% | 4.42% |
| Black Hills Corporation (BKH)vs › | $5.40B | 4.73% | 4.69% | 4.70% | 4.72% |
ROIC
4.4%
ROE
7.9%
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 | 4.40% |
| 2026-03-31 | 4.41% |
| 2025-12-31 | 4.74% |
| 2025-09-30 | 5.00% |
| 2025-06-30 | 5.00% |
| 2025-03-31 | 4.86% |
| 2024-12-31 | 4.36% |
| 2024-09-30 | 4.13% |
| 2024-06-30 | 4.09% |
| 2024-03-31 | 4.22% |
| 2023-12-31 | 4.25% |
| 2023-09-30 | 4.33% |
| 2023-06-30 | 4.34% |
| 2023-03-31 | 4.33% |
| 2022-12-31 | 4.37% |
| 2022-09-30 | 4.26% |
| 2022-06-30 | 4.15% |
| 2022-03-31 | 4.15% |
| 2021-12-31 | 4.25% |
| 2021-09-30 | 4.31% |
| 2021-06-30 | 4.40% |
| 2021-03-31 | 4.41% |
| 2020-12-31 | 3.28% |
| 2020-09-30 | 2.98% |
| 2020-06-30 | 3.06% |
| 2020-03-31 | 2.75% |
| 2019-12-31 | 3.71% |
| 2019-09-30 | 3.46% |
| 2019-06-30 | 3.50% |
| 2019-03-31 | 4.70% |
| 2018-12-31 | 4.76% |
| 2018-09-30 | 4.98% |
| 2018-06-30 | 5.04% |
| 2018-03-31 | 5.02% |
| 2017-12-31 | 5.04% |
| 2017-09-30 | 4.80% |
| 2017-06-30 | 4.79% |
| 2017-03-31 | 4.87% |
| 2016-12-31 | 4.97% |
| 2016-09-30 | 5.23% |
| 2016-06-30 | 5.25% |
| 2016-03-31 | 5.31% |
| 2015-12-31 | 5.34% |
| 2015-09-30 | 5.17% |
| 2015-06-30 | 5.27% |
| 2015-03-31 | 5.36% |
| 2014-12-31 | 5.35% |
| 2014-09-30 | 5.43% |
| 2014-06-30 | 5.45% |
| 2014-03-31 | 5.52% |
| 2013-12-31 | 5.55% |
| 2013-09-30 | 5.93% |
| 2013-06-30 | 5.66% |
| 2013-03-31 | 5.35% |
| 2012-12-31 | 5.00% |
| 2012-09-30 | 4.52% |
| 2012-06-30 | 4.41% |
| 2012-03-31 | 4.48% |
| 2011-12-31 | 4.64% |
| 2011-09-30 | 4.68% |
| 2011-06-30 | 4.56% |
| 2011-03-31 | 4.31% |
| 2010-12-31 | 4.07% |
| 2010-09-30 | 4.26% |
| 2010-06-30 | 4.02% |
| 2010-03-31 | 4.06% |
| 2009-12-31 | 3.94% |
| 2009-09-30 | 4.13% |
| 2009-06-30 | 4.17% |
| 2009-03-31 | 4.11% |
| 2008-12-31 | 4.12% |
| 2008-09-30 | 4.24% |
| 2008-06-30 | 4.09% |
| 2008-03-31 | 4.23% |
| 2007-12-31 | 4.30% |
| 2007-09-30 | 4.36% |
| 2007-06-30 | 4.56% |
| 2007-03-31 | 4.49% |
| 2006-12-31 | 4.68% |
| 2006-09-30 | 4.75% |
| 2006-06-30 | 4.81% |
| 2006-03-31 | 4.56% |
| 2005-12-31 | 5.07% |
| 2005-09-30 | 5.02% |
| 2005-06-30 | 4.86% |
| 2005-03-31 | 4.90% |
| 2004-12-31 | 4.75% |
| 2004-09-30 | 4.63% |
| 2004-06-30 | 4.52% |
| 2004-03-31 | 4.78% |
| 2003-12-31 | 4.72% |
| 2003-09-30 | 4.79% |
| 2003-06-30 | 5.54% |
