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 4.40% is in line with its 5-year average of 4.24%, near the high end of its 5-year range (3.47%–4.73%).
As of the fiscal period ended Wednesday, December 31, 2025. 1.46% below its 12-month average of 4.46%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
4.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.03%
CURRENT VS TTM AVG
-1.46%
CURRENT VS 3Y AVG
-1.90%
CURRENT VS 5Y AVG
+3.73%
CURRENT VS 10Y AVG
+7.65%
CURRENT VS 15Y AVG
+8.03%
CURRENT VS 20Y AVG
+9.12%
SECTOR MEDIAN · UTILITIES
4.01%
median of 45 covered companies
CURRENT VS SECTOR MEDIAN
+9.73%
vs the sector median at left
DTE Energy Company
Market Cap
$28.79B
Return on Invested Capital (ROIC)
4.40%
TTM Avg
4.46%
3Y Avg
4.49%
5Y Avg
4.24%
Market Cap
$28.11B
Return on Invested Capital (ROIC)
4.58%
TTM Avg
4.67%
3Y Avg
4.43%
5Y Avg
4.37%
Market Cap
$29.73B
Return on Invested Capital (ROIC)
4.01%
TTM Avg
3.67%
3Y Avg
3.60%
5Y Avg
3.57%
Market Cap
$27.11B
Return on Invested Capital (ROIC)
4.46%
TTM Avg
4.06%
3Y Avg
3.39%
5Y Avg
3.56%
Market Cap
$26.91B
Return on Invested Capital (ROIC)
4.68%
TTM Avg
3.93%
3Y Avg
3.96%
5Y Avg
3.80%
Market Cap
$26.54B
Return on Invested Capital (ROIC)
3.96%
TTM Avg
4.05%
3Y Avg
3.86%
5Y Avg
3.63%
Market Cap
$26.53B
Return on Invested Capital (ROIC)
4.21%
TTM Avg
4.23%
3Y Avg
4.13%
5Y Avg
4.06%
Market Cap
$26.42B
Return on Invested Capital (ROIC)
4.06%
TTM Avg
3.82%
3Y Avg
3.55%
5Y Avg
2.90%
Market Cap
$26.18B
Return on Invested Capital (ROIC)
6.26%
TTM Avg
4.93%
3Y Avg
3.77%
5Y Avg
3.19%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| DTE Energy Company (DTE) | $28.79B | 4.40% | 4.46% | 4.49% | 4.24% |
| Atmos Energy Corporation (ATO)vs › | $28.11B | 4.58% | 4.67% | 4.43% | 4.37% |
| Ameren Corporation (AEE)vs › | $29.73B | 4.01% | 3.67% | 3.60% | 3.57% |
| FirstEnergy Corp. (FE)vs › | $27.11B | 4.46% | 4.06% | 3.39% | 3.56% |
| Eversource Energy (ES)vs › | $26.91B | 4.68% | 3.93% | 3.96% | 3.80% |
| CenterPoint Energy, Inc. (CNP)vs › | $26.54B | 3.96% | 4.05% | 3.86% | 3.63% |
| American Water Works Company, Inc. (AWK)vs › | $26.53B | 4.21% | 4.23% | 4.13% | 4.06% |
| PPL Corporation (PPL)vs › | $26.42B | 4.06% | 3.82% | 3.55% | 2.90% |
| Edison International (EIX)vs › | $26.18B | 6.26% | 4.93% | 3.77% | 3.19% |
| NRG Energy, Inc. (NRG)vs › | $25.53B | 7.00% | 9.29% | 7.44% | 8.68% |
ROIC
4.4%
ROE
10.9%
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 | 4.40% |
| 2024-12-31 | 4.53% |
| 2023-12-31 | 4.73% |
| 2022-12-31 | 4.28% |
| 2021-12-31 | 4.04% |
| 2020-12-31 | 3.47% |
| 2019-12-31 | 3.34% |
| 2018-12-31 | 4.32% |
| 2017-12-31 | 4.67% |
| 2016-12-31 | 3.72% |
| 2015-12-31 | 3.46% |
| 2014-12-31 | 4.37% |
| 2013-12-31 | 3.67% |
| 2012-12-31 | 3.65% |
| 2011-12-31 | 4.26% |
| 2010-12-31 | 4.26% |
| 2009-12-31 | 3.79% |
| 2008-12-31 | 3.61% |
| 2007-12-31 | 5.21% |
| 2006-12-31 | 3.68% |
| 2005-12-31 | 3.22% |
| 2004-12-31 | 2.48% |
| 2003-12-31 | 3.98% |
| 2002-12-31 | 5.45% |
| 2001-12-31 | 3.85% |
| 2000-12-31 | 7.13% |
| 1999-12-31 | 7.00% |
| 1998-12-31 | 6.13% |
| 1997-12-31 | 5.89% |
| 1996-12-31 | 4.67% |
