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 3.74% is in line with its 5-year average of 3.97%, near the low end of its 5-year range (3.51%–4.35%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.87% above its 12-month average of 3.67%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
3.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.00%
CURRENT VS TTM AVG
+1.87%
CURRENT VS 3Y AVG
-3.51%
CURRENT VS 5Y AVG
-5.90%
CURRENT VS 10Y AVG
-5.20%
CURRENT VS 15Y AVG
-5.16%
CURRENT VS 20Y AVG
-6.52%
SECTOR MEDIAN · UTILITIES
4.09%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-8.58%
vs the sector median at left
Xcel Energy Inc.
Market Cap
$48.02B
Return on Invested Capital (ROIC)
3.74%
TTM Avg
3.67%
3Y Avg
3.87%
5Y Avg
3.97%
Market Cap
$50.64B
Return on Invested Capital (ROIC)
3.24%
TTM Avg
3.37%
3Y Avg
3.76%
5Y Avg
3.53%
Market Cap
$45.28B
Return on Invested Capital (ROIC)
3.84%
TTM Avg
3.95%
3Y Avg
3.68%
5Y Avg
3.14%
Market Cap
$51.16B
Return on Invested Capital (ROIC)
0.87%
TTM Avg
9.80%
3Y Avg
10.57%
5Y Avg
7.13%
Market Cap
$55.90B
Return on Invested Capital (ROIC)
2.99%
TTM Avg
2.75%
3Y Avg
3.19%
5Y Avg
3.51%
Market Cap
$39.90B
Return on Invested Capital (ROIC)
3.37%
TTM Avg
3.36%
3Y Avg
3.27%
5Y Avg
3.54%
Market Cap
$39.72B
Return on Invested Capital (ROIC)
3.83%
TTM Avg
3.74%
3Y Avg
3.38%
5Y Avg
2.84%
Market Cap
$58.24B
Return on Invested Capital (ROIC)
3.41%
TTM Avg
3.13%
3Y Avg
2.58%
5Y Avg
2.44%
Market Cap
$37.00B
Return on Invested Capital (ROIC)
4.63%
TTM Avg
4.64%
3Y Avg
4.67%
5Y Avg
3.46%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Xcel Energy Inc. (XEL) | $48.02B | 3.74% | 3.67% | 3.87% | 3.97% |
| Entergy Corporation (ETR)vs › | $50.64B | 3.24% | 3.37% | 3.76% | 3.53% |
| Exelon Corporation (EXC)vs › | $45.28B | 3.84% | 3.95% | 3.68% | 3.14% |
| Vistra Corp. (VST)vs › | $51.16B | 0.87% | 9.80% | 10.57% | 7.13% |
| Sempra (SRE)vs › | $55.90B | 2.99% | 2.75% | 3.19% | 3.51% |
| Consolidated Edison, Inc. (ED)vs › | $39.90B | 3.37% | 3.36% | 3.27% | 3.54% |
| PG&E Corporation (PCG)vs › | $39.72B | 3.83% | 3.74% | 3.38% | 2.84% |
| Dominion Energy, Inc. (D)vs › | $58.24B | 3.41% | 3.13% | 2.58% | 2.44% |
| Public Service Enterprise Group Incorporated (PEG)vs › | $37.00B | 4.63% | 4.64% | 4.67% | 3.46% |
| WEC Energy Group, Inc. (WEC)vs › | $34.87B | 4.49% | 4.33% | 4.13% | 4.09% |
ROIC
3.7%
ROE
9.3%
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 | 3.74% |
| 2026-03-31 | 3.68% |
| 2025-12-31 | 3.77% |
| 2025-09-30 | 3.60% |
| 2025-06-30 | 3.56% |
| 2025-03-31 | 3.51% |
| 2024-12-31 | 3.65% |
| 2024-09-30 | 4.04% |
| 2024-06-30 | 4.11% |
| 2024-03-31 | 4.21% |
| 2023-12-31 | 4.15% |
| 2023-09-30 | 4.13% |
| 2023-06-30 | 4.21% |
| 2023-03-31 | 4.35% |
| 2022-12-31 | 4.25% |
| 2022-09-30 | 4.18% |
| 2022-06-30 | 4.05% |
| 2022-03-31 | 4.05% |
| 2021-12-31 | 4.05% |
| 2021-09-30 | 4.06% |
| 2021-06-30 | 4.08% |
| 2021-03-31 | 4.08% |
| 2020-12-31 | 4.17% |
| 2020-09-30 | 4.17% |
| 2020-06-30 | 3.96% |
| 2020-03-31 | 4.02% |
| 2019-12-31 | 4.08% |
| 2019-09-30 | 3.89% |
| 2019-06-30 | 3.87% |
| 2019-03-31 | 3.96% |
| 2018-12-31 | 4.00% |
| 2018-09-30 | 3.92% |
| 2018-06-30 | 3.87% |
| 2018-03-31 | 3.84% |
| 2017-12-31 | 3.70% |
| 2017-09-30 | 3.85% |
| 2017-06-30 | 3.80% |
| 2017-03-31 | 3.77% |
| 2016-12-31 | 3.78% |
| 2016-09-30 | 3.78% |
| 2016-06-30 | 3.75% |
| 2016-03-31 | 3.77% |
| 2015-12-31 | 3.53% |
| 2015-09-30 | 3.58% |
| 2015-06-30 | 3.45% |
| 2015-03-31 | 3.47% |
| 2014-12-31 | 3.77% |
| 2014-09-30 | 3.76% |
| 2014-06-30 | 3.81% |
| 2014-03-31 | 3.92% |
| 2013-12-31 | 3.91% |
| 2013-09-30 | 3.94% |
| 2013-06-30 | 4.17% |
| 2013-03-31 | 4.25% |
| 2012-12-31 | 4.19% |
| 2012-09-30 | 4.23% |
| 2012-06-30 | 4.19% |
| 2012-03-31 | 4.15% |
| 2011-12-31 | 4.21% |
| 2011-09-30 | 4.30% |
| 2011-06-30 | 4.19% |
| 2011-03-31 | 4.17% |
| 2010-12-31 | 4.04% |
| 2010-09-30 | 4.28% |
| 2010-06-30 | 4.03% |
| 2010-03-31 | 3.99% |
| 2009-12-31 | 4.07% |
| 2009-09-30 | 4.06% |
| 2009-06-30 | 4.09% |
| 2009-03-31 | 4.11% |
| 2008-12-31 | 3.98% |
| 2008-09-30 | 3.85% |
| 2008-06-30 | 4.13% |
| 2008-03-31 | 4.31% |
| 2007-12-31 | 4.25% |
| 2007-09-30 | 4.20% |
| 2007-06-30 | 4.24% |
| 2007-03-31 | 4.26% |
| 2006-12-31 | 4.45% |
| 2006-09-30 | 4.56% |
| 2006-06-30 | 4.42% |
| 2006-03-31 | 4.31% |
| 2005-12-31 | 4.14% |
| 2005-09-30 | 4.34% |
| 2005-06-30 | 4.24% |
| 2005-03-31 | 4.32% |
| 2004-12-31 | 4.41% |
| 2004-09-30 | 4.39% |
| 2004-06-30 | 5.06% |
| 2004-03-31 | 4.62% |
| 2003-12-31 | 3.79% |
| 2003-09-30 | 6.12% |
| 2003-06-30 | -10.63% |
