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 4.51% is 24% above its 5-year average of 3.63%, near the high end of its 5-year range (1.23%–4.51%).
As of the fiscal period ended Wednesday, December 31, 2025. 4.16% above its 12-month average of 4.33%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
4.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
2.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.33%
CURRENT VS TTM AVG
+4.16%
CURRENT VS 3Y AVG
+7.64%
CURRENT VS 5Y AVG
+24.13%
CURRENT VS 10Y AVG
+50.97%
CURRENT VS 15Y AVG
+52.69%
CURRENT VS 20Y AVG
+35.59%
SECTOR MEDIAN · UTILITIES
4.09%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+10.27%
vs the sector median at left
NiSource Inc
Market Cap
$21.46B
Return on Invested Capital (ROIC)
4.51%
TTM Avg
4.33%
3Y Avg
4.19%
5Y Avg
3.63%
Market Cap
$22.49B
Return on Invested Capital (ROIC)
3.67%
TTM Avg
3.70%
3Y Avg
3.60%
5Y Avg
3.68%
Market Cap
$19.10B
Return on Invested Capital (ROIC)
4.25%
TTM Avg
4.38%
3Y Avg
4.33%
5Y Avg
4.25%
Market Cap
$18.11B
Return on Invested Capital (ROIC)
4.12%
TTM Avg
4.10%
3Y Avg
4.40%
5Y Avg
4.42%
Market Cap
$26.63B
Return on Invested Capital (ROIC)
4.06%
TTM Avg
3.82%
3Y Avg
3.55%
5Y Avg
2.90%
Market Cap
$27.10B
Return on Invested Capital (ROIC)
4.21%
TTM Avg
4.23%
3Y Avg
4.13%
5Y Avg
4.06%
Market Cap
$26.86B
Return on Invested Capital (ROIC)
4.68%
TTM Avg
3.93%
3Y Avg
3.96%
5Y Avg
3.80%
Market Cap
$15.58B
Return on Invested Capital (ROIC)
0.16%
TTM Avg
1.41%
3Y Avg
1.25%
5Y Avg
0.09%
Market Cap
$27.65B
Return on Invested Capital (ROIC)
3.96%
TTM Avg
4.05%
3Y Avg
3.86%
5Y Avg
3.63%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NiSource Inc (NI) | $21.46B | 4.51% | 4.33% | 4.19% | 3.63% |
| CMS Energy Corporation (CMS)vs › | $22.49B | 3.67% | 3.70% | 3.60% | 3.68% |
| Evergy, Inc. (EVRG)vs › | $19.10B | 4.25% | 4.38% | 4.33% | 4.25% |
| Alliant Energy Corporation (LNT)vs › | $18.11B | 4.12% | 4.10% | 4.40% | 4.42% |
| PPL Corporation (PPL)vs › | $26.63B | 4.06% | 3.82% | 3.55% | 2.90% |
| American Water Works Company, Inc. (AWK)vs › | $27.10B | 4.21% | 4.23% | 4.13% | 4.06% |
| Eversource Energy (ES)vs › | $26.86B | 4.68% | 3.93% | 3.96% | 3.80% |
| Talen Energy Corporation (TLN)vs › | $15.58B | 0.16% | 1.41% | 1.25% | 0.09% |
| CenterPoint Energy, Inc. (CNP)vs › | $27.65B | 3.96% | 4.05% | 3.86% | 3.63% |
| FirstEnergy Corp. (FE)vs › | $28.02B | 4.46% | 4.06% | 3.39% | 3.56% |
ROIC
4.5%
ROE
10.0%
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 | 4.51% |
| 2024-12-31 | 4.15% |
| 2023-12-31 | 3.72% |
| 2022-12-31 | 4.38% |
| 2021-12-31 | 3.81% |
| 2020-12-31 | 1.23% |
| 2019-12-31 | 3.25% |
| 2018-12-31 | 0.14% |
| 2017-12-31 | 1.46% |
| 2016-12-31 | 3.26% |
| 2015-12-31 | 2.95% |
| 2014-12-31 | 2.19% |
| 2013-12-31 | 2.20% |
| 2012-12-31 | 3.44% |
| 2011-12-31 | 3.17% |
| 2010-12-31 | 3.40% |
| 2009-12-31 | 2.75% |
| 2008-12-31 | 3.58% |
| 2007-12-31 | 3.56% |
| 2006-12-31 | 3.84% |
| 2005-12-31 | 3.58% |
| 2004-12-31 | 4.58% |
| 2003-12-31 | 4.78% |
| 2002-12-31 | 4.89% |
| 2001-12-31 | 3.63% |
| 2000-12-31 | 1.96% |
| 1999-12-31 | 4.53% |
| 1998-12-31 | 5.86% |
| 1997-12-31 | 5.88% |
| 1996-12-31 | 6.12% |
