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 -12.09% is 22% above its 5-year average of -15.41%, near the high end of its 5-year range (-257.91%–3.03%).
As of the fiscal period ended Tuesday, June 30, 2026. 94.64% below its 12-month average of -6.21%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-06-30): -12.09%.
RETURN ON INVESTED CAPITAL (ROIC)
-12.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-6.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-6.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-15.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-94.64%
CURRENT VS 3Y AVG
-90.28%
CURRENT VS 5Y AVG
+21.53%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · UTILITIES
4.09%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-395.70%
vs the sector median at left
Fluence Energy, Inc.
Market Cap
$1.40B
Return on Invested Capital (ROIC)
-12.09%
TTM Avg
-6.21%
3Y Avg
-6.36%
5Y Avg
-15.41%
Market Cap
$1.01B
Return on Invested Capital (ROIC)
-0.01%
TTM Avg
-1.00%
3Y Avg
-0.49%
5Y Avg
0.07%
Market Cap
$1.99B
Return on Invested Capital (ROIC)
5.11%
TTM Avg
4.01%
3Y Avg
3.53%
5Y Avg
3.43%
Market Cap
$2.97B
Return on Invested Capital (ROIC)
4.27%
TTM Avg
3.92%
3Y Avg
3.53%
5Y Avg
3.50%
Market Cap
$5.37B
Return on Invested Capital (ROIC)
4.73%
TTM Avg
4.69%
3Y Avg
4.70%
5Y Avg
4.72%
Market Cap
$6.75B
Return on Invested Capital (ROIC)
-6.59%
TTM Avg
-14.18%
3Y Avg
-70.65%
5Y Avg
-66.26%
Market Cap
$7.85B
Return on Invested Capital (ROIC)
6.41%
TTM Avg
6.02%
3Y Avg
2.46%
5Y Avg
4.61%
Market Cap
$8.90B
Return on Invested Capital (ROIC)
0.75%
TTM Avg
1.15%
3Y Avg
1.51%
5Y Avg
1.71%
Market Cap
$10.56B
Return on Invested Capital (ROIC)
4.38%
TTM Avg
4.35%
3Y Avg
4.71%
5Y Avg
5.33%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fluence Energy, Inc. (FLNC) | $1.40B | -12.09% | -6.21% | -6.36% | -15.41% |
| XPLR Infrastructure, LP (XIFR)vs › | $1.01B | -0.01% | -1.00% | -0.49% | 0.07% |
| Northwest Natural Holding Company (NWN)vs › | $1.99B | 5.11% | 4.01% | 3.53% | 3.43% |
| Avista Corporation (AVA)vs › | $2.97B | 4.27% | 3.92% | 3.53% | 3.50% |
| Black Hills Corporation (BKH)vs › | $5.37B | 4.73% | 4.69% | 4.70% | 4.72% |
| Oklo Inc. (OKLO)vs › | $6.75B | -6.59% | -14.18% | -70.65% | -66.26% |
| UGI Corporation (UGI)vs › | $7.85B | 6.41% | 6.02% | 2.46% | 4.61% |
| Brookfield Renewable Partners L.P. (BEP)vs › | $8.90B | 0.75% | 1.15% | 1.51% | 1.71% |
| The AES Corporation (AES)vs › | $10.56B | 4.38% | 4.35% | 4.71% | 5.33% |
| Pinnacle West Capital Corporation (PNW)vs › | $11.15B | 4.17% | 3.33% | 3.19% | 3.29% |
ROIC
-12.1%
ROE
-21.7%
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 | -12.09% |
| 2026-03-31 | -5.43% |
| 2025-12-31 | -5.99% |
| 2025-09-30 | -4.70% |
| 2025-06-30 | -2.86% |
| 2025-03-31 | -2.87% |
| 2024-12-31 | 0.17% |
| 2024-09-30 | 3.03% |
| 2024-06-30 | -3.76% |
| 2024-03-31 | -10.91% |
| 2023-12-31 | -14.22% |
| 2023-09-30 | -16.64% |
| 2023-06-30 | -28.10% |
| 2023-03-31 | -31.47% |
| 2022-12-31 | -28.58% |
| 2022-09-30 | -36.34% |
| 2022-06-30 | -35.39% |
| 2022-03-31 | -30.18% |
| 2021-12-31 | -26.51% |
| 2021-09-30 | -257.91% |
| 2021-06-30 | -177.42% |
