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 3.98% is in line with its 5-year average of 3.64%, around the middle of its 5-year range (1.12%–5.47%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.90% below its 12-month average of 4.10%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
3.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.52%
CURRENT VS TTM AVG
-2.90%
CURRENT VS 3Y AVG
-12.33%
CURRENT VS 5Y AVG
+9.38%
CURRENT VS 10Y AVG
-8.04%
CURRENT VS 15Y AVG
-7.18%
CURRENT VS 20Y AVG
-11.95%
SECTOR MEDIAN · UTILITIES
4.09%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-2.78%
vs the sector median at left
NextEra Energy, Inc.
Market Cap
$173.75B
Return on Invested Capital (ROIC)
3.98%
TTM Avg
4.10%
3Y Avg
4.54%
5Y Avg
3.64%
Market Cap
$106.42B
Return on Invested Capital (ROIC)
3.42%
TTM Avg
5.83%
3Y Avg
3.79%
5Y Avg
2.52%
Market Cap
$101.93B
Return on Invested Capital (ROIC)
4.15%
TTM Avg
4.21%
3Y Avg
3.96%
5Y Avg
3.73%
Market Cap
$93.89B
Return on Invested Capital (ROIC)
4.20%
TTM Avg
4.07%
3Y Avg
3.83%
5Y Avg
3.58%
Market Cap
$68.04B
Return on Invested Capital (ROIC)
5.13%
TTM Avg
4.83%
3Y Avg
4.51%
5Y Avg
4.30%
Market Cap
$58.10B
Return on Invested Capital (ROIC)
3.41%
TTM Avg
3.13%
3Y Avg
2.58%
5Y Avg
2.44%
Market Cap
$55.77B
Return on Invested Capital (ROIC)
2.99%
TTM Avg
2.75%
3Y Avg
3.19%
5Y Avg
3.51%
Market Cap
$50.97B
Return on Invested Capital (ROIC)
0.87%
TTM Avg
9.80%
3Y Avg
10.57%
5Y Avg
7.13%
Market Cap
$50.40B
Return on Invested Capital (ROIC)
3.24%
TTM Avg
3.37%
3Y Avg
3.76%
5Y Avg
3.53%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NextEra Energy, Inc. (NEE) | $173.75B | 3.98% | 4.10% | 4.54% | 3.64% |
| Constellation Energy Corporation (CEG)vs › | $106.42B | 3.42% | 5.83% | 3.79% | 2.52% |
| The Southern Company (SO)vs › | $101.93B | 4.15% | 4.21% | 3.96% | 3.73% |
| Duke Energy Corporation (DUK)vs › | $93.89B | 4.20% | 4.07% | 3.83% | 3.58% |
| American Electric Power Company, Inc. (AEP)vs › | $68.04B | 5.13% | 4.83% | 4.51% | 4.30% |
| Dominion Energy, Inc. (D)vs › | $58.10B | 3.41% | 3.13% | 2.58% | 2.44% |
| Sempra (SRE)vs › | $55.77B | 2.99% | 2.75% | 3.19% | 3.51% |
| Vistra Corp. (VST)vs › | $50.97B | 0.87% | 9.80% | 10.57% | 7.13% |
| Entergy Corporation (ETR)vs › | $50.40B | 3.24% | 3.37% | 3.76% | 3.53% |
| Xcel Energy Inc. (XEL)vs › | $47.65B | 3.74% | 3.71% | 3.96% | 4.01% |
ROIC
4.0%
ROE
16.3%
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 | 3.98% |
| 2026-03-31 | 3.99% |
| 2025-12-31 | 4.23% |
| 2025-09-30 | 4.01% |
| 2025-06-30 | 4.28% |
| 2025-03-31 | 4.26% |
| 2024-12-31 | 4.04% |
| 2024-09-30 | 5.02% |
| 2024-06-30 | 4.49% |
| 2024-03-31 | 4.86% |
| 2023-12-31 | 5.47% |
| 2023-09-30 | 5.20% |
| 2023-06-30 | 5.14% |
| 2023-03-31 | 4.17% |
| 2022-12-31 | 2.43% |
| 2022-09-30 | 2.07% |
| 2022-06-30 | 1.28% |
| 2022-03-31 | 1.12% |
| 2021-12-31 | 2.04% |
| 2021-09-30 | 1.93% |
| 2021-06-30 | 2.33% |
| 2021-03-31 | 2.69% |
| 2020-12-31 | 4.25% |
| 2020-09-30 | 4.03% |
| 2020-06-30 | 4.66% |
| 2020-03-31 | 5.25% |
| 2019-12-31 | 4.34% |
| 2019-09-30 | 4.85% |
| 2019-06-30 | 4.34% |
| 2019-03-31 | 3.71% |
| 2018-12-31 | 3.46% |
| 2018-09-30 | 3.73% |
| 2018-06-30 | 4.24% |
| 2018-03-31 | 4.41% |
| 2017-12-31 | 5.90% |
| 2017-09-30 | 4.61% |
| 2017-06-30 | 4.58% |
| 2017-03-31 | 4.53% |
| 2016-12-31 | 3.84% |
| 2016-09-30 | 3.88% |
| 2016-06-30 | 4.17% |
| 2016-03-31 | 4.22% |
| 2015-12-31 | 4.25% |
| 2015-09-30 | 4.89% |
| 2015-06-30 | 4.76% |
| 2015-03-31 | 4.54% |
| 2014-12-31 | 4.25% |
| 2014-09-30 | 3.60% |
| 2014-06-30 | 3.64% |
| 2014-03-31 | 3.91% |
| 2013-12-31 | 3.43% |
| 2013-09-30 | 3.59% |
| 2013-06-30 | 3.22% |
| 2013-03-31 | 3.24% |
| 2012-12-31 | 3.94% |
| 2012-09-30 | 4.62% |
| 2012-06-30 | 4.98% |
| 2012-03-31 | 5.13% |
| 2011-12-31 | 5.05% |
| 2011-09-30 | 4.46% |
| 2011-06-30 | 4.87% |
| 2011-03-31 | 4.72% |
| 2010-12-31 | 5.22% |
| 2010-09-30 | 5.35% |
| 2010-06-30 | 5.05% |
| 2010-03-31 | 4.86% |
| 2009-12-31 | 4.84% |
| 2009-09-30 | 5.22% |
| 2009-06-30 | 6.02% |
| 2009-03-31 | 5.79% |
| 2008-12-31 | 5.44% |
| 2008-09-30 | 4.92% |
| 2008-06-30 | 4.64% |
| 2008-03-31 | 5.11% |
| 2007-12-31 | 4.85% |
| 2007-09-30 | 4.80% |
| 2007-06-30 | 5.00% |
| 2007-03-31 | 4.68% |
| 2006-12-31 | 4.98% |
| 2006-09-30 | 5.10% |
| 2006-06-30 | 4.46% |
| 2006-03-31 | 4.35% |
| 2005-12-31 | 4.03% |
| 2005-09-30 | 3.97% |
| 2005-06-30 | 3.96% |
| 2005-03-31 | 4.25% |
| 2004-12-31 | 4.45% |
| 2004-09-30 | 4.40% |
| 2004-06-30 | 4.59% |
| 2004-03-31 | 4.36% |
| 2003-12-31 | 4.36% |
| 2003-09-30 | 4.56% |
| 2003-06-30 | 4.04% |
