Return on Invested Capital (ROIC): 5.17%
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 5.17% is 51% above its 5-year average of 3.43%, near the high end of its 5-year range (2.86%–5.17%).
As of Monday, June 29, 2026. 28.77% above its 12-month average of 4.01%.
NWN Return on Invested Capital (ROIC) Chart
Annual fiscal-year return on invested capital; no daily interpolation.
NWN Average Return on Invested Capital (ROIC) Chart
NWN Current vs Average Return on Invested Capital (ROIC) Chart
NWN Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
5.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.64%
CURRENT VS TTM AVG
+28.77%
CURRENT VS 3Y AVG
+46.36%
CURRENT VS 5Y AVG
+50.58%
CURRENT VS 10Y AVG
+56.67%
CURRENT VS 15Y AVG
+63.33%
CURRENT VS 20Y AVG
+42.00%
NWN Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Northwest Natural Holding Company (NWN) | $2.14B | 5.17% | 4.01% | 3.53% | 3.43% |
| NuScale Power Corporation (SMR)vs › | $3.01B | -61.76% | -46.13% | -91.11% | -314.25% |
| Avista Corporation (AVA)vs › | $3.45B | 3.85% | 3.92% | 3.53% | 3.50% |
| Fluence Energy, Inc. (FLNC)vs › | $3.56B | -4.70% | -0.84% | -16.00% | -67.86% |
| Black Hills Corporation (BKH)vs › | $5.79B | 4.63% | 4.69% | 4.70% | 4.72% |
| UGI Corporation (UGI)vs › | $7.60B | 7.61% | 6.02% | 2.94% | 4.93% |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 1.08% | 1.24% | 3.55% | 3.27% |
| The AES Corporation (AES)vs › | $10.46B | 4.24% | 4.35% | 0.13% | 1.91% |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.70B | 1.03% | 0.55% | 1.20% | 0.71% |
| Pinnacle West Capital Corporation (PNW)vs › | $13.10B | 3.18% | 3.33% | 3.18% | 3.28% |
Capital Efficiency
ROIC
5.2%
ROE
7.8%
Return on Invested Capital (ROIC) Formula & Definition
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
Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Northwest Natural Holding Company (NWN)?
- The return on invested capital (ROIC) for NWN stock is 5.17%.
- Is Northwest Natural Holding Company's return on invested capital (ROIC) high or low?
- The return on invested capital (ROIC) of 5.17% is 51% above its 5-year average of 3.43%, near the high end of its 5-year range (2.86%–5.17%).
- What is the TTM average return on invested capital (ROIC) for Northwest Natural Holding Company (NWN)?
- The TTM average return on invested capital (ROIC) for NWN stock is 4.01%.
- What is the 3Y average return on invested capital (ROIC) for Northwest Natural Holding Company (NWN)?
- The 3Y average return on invested capital (ROIC) for NWN stock is 3.53%.
- What is the 5Y average return on invested capital (ROIC) for Northwest Natural Holding Company (NWN)?
- The 5Y average return on invested capital (ROIC) for NWN stock is 3.43%.
- What is the 10Y average return on invested capital (ROIC) for Northwest Natural Holding Company (NWN)?
- The 10Y average return on invested capital (ROIC) for NWN stock is 3.30%.
- What is the 15Y average return on invested capital (ROIC) for Northwest Natural Holding Company (NWN)?
- The 15Y average return on invested capital (ROIC) for NWN stock is 3.17%.
- What is the 20Y average return on invested capital (ROIC) for Northwest Natural Holding Company (NWN)?
- The 20Y average return on invested capital (ROIC) for NWN stock is 3.64%.
NWN Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 5.17% |
| 2024-12-31 | 2.86% |
| 2023-12-31 | 3.12% |
| 2022-12-31 | 2.98% |
| 2021-12-31 | 3.24% |
| 2020-12-31 | 3.23% |
| 2019-12-31 | 3.72% |
| 2018-12-31 | 3.26% |
| 2017-12-31 | 3.30% |
| 2016-12-31 | 2.84% |
| 2015-12-31 | 2.58% |
| 2014-12-31 | 2.91% |
| 2013-12-31 | 3.03% |
| 2012-12-31 | 3.10% |
| 2011-12-31 | 3.43% |
| 2010-12-31 | 3.88% |
| 2009-12-31 | 4.57% |
| 2008-12-31 | 4.38% |
| 2007-12-31 | 5.49% |
| 2006-12-31 | 4.98% |
| 2005-12-31 | 4.39% |
| 2004-12-31 | 4.56% |
| 2003-12-31 | 4.64% |
| 2002-12-31 | 6.17% |
| 2001-12-31 | 5.43% |
| 2000-12-31 | 5.90% |
| 1999-12-31 | 5.42% |
| 1998-12-31 | 5.00% |
| 1997-12-31 | 5.92% |
| 1996-12-31 | 6.53% |
Related Metrics
About Northwest Natural Holding Company
Northwest Natural Holding Company (NWN) operates primarily through its subsidiary, Northwest Natural Gas Company, delivering regulated natural gas to a diverse clientele including residential, commercial, industrial, and transportation customers across Oregon and Southwest Washington. Beyond its core distribution business, the company manages the Mist gas storage facility, which holds 5.7 billion cubic feet and is leased to other utilities and third-party energy marketers. It also provides natural gas asset management solutions and maintains an appliance retail outlet. NWN's strategic investments extend to broader gas storage activities, water services, non-regulated renewable natural gas ventures, and other diversified interests. The company currently supplies natural gas to approximately 786,000 meters within its service territories in Oregon and southwest Washington. Additionally, its water operations cater to about 80,000 individuals through roughly 33,000 water and wastewater connections located in the Pacific Northwest and Texas. Founded in 1859, Northwest Natural Holding Company is headquartered in Portland, Oregon.
- Sector
- Utilities
- Industry
- Regulated Gas
- CEO
- Justin Palfreyman