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 4.63% is in line with its 5-year average of 4.67%, around the middle of its 5-year range (2.98%–7.05%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.58% below its 12-month average of 4.66%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q1 FY2027 (2026-06-30): 4.63%.
RETURN ON INVESTED CAPITAL (ROIC)
4.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.66%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-0.58%
CURRENT VS 3Y AVG
+20.31%
CURRENT VS 5Y AVG
-0.85%
CURRENT VS 10Y AVG
-2.66%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · UTILITIES
3.98%
median of 65 covered companies
CURRENT VS SECTOR MEDIAN
+16.31%
vs the sector median at left
ReNew Energy Global Plc
Market Cap
$2.50B
Return on Invested Capital (ROIC)
4.63%
TTM Avg
4.66%
3Y Avg
3.85%
5Y Avg
4.67%
Market Cap
$2.44B
Return on Invested Capital (ROIC)
3.05%
TTM Avg
3.34%
3Y Avg
3.30%
5Y Avg
3.22%
Market Cap
$2.66B
Return on Invested Capital (ROIC)
4.72%
TTM Avg
4.97%
3Y Avg
4.79%
5Y Avg
4.74%
Market Cap
$2.32B
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.95B
Return on Invested Capital (ROIC)
4.27%
TTM Avg
3.92%
3Y Avg
3.53%
5Y Avg
3.50%
Market Cap
$2.00B
Return on Invested Capital (ROIC)
5.11%
TTM Avg
4.01%
3Y Avg
3.53%
5Y Avg
3.43%
Market Cap
$3.25B
Return on Invested Capital (ROIC)
13.49%
TTM Avg
20.18%
3Y Avg
20.18%
5Y Avg
20.18%
Market Cap
$1.48B
Return on Invested Capital (ROIC)
-12.09%
TTM Avg
-0.84%
3Y Avg
-15.76%
5Y Avg
-81.23%
Market Cap
$996.84M
Return on Invested Capital (ROIC)
3.99%
TTM Avg
3.79%
3Y Avg
3.76%
5Y Avg
3.74%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ReNew Energy Global Plc (RNW) | $2.50B | 4.63% | 4.66% | 3.85% | 4.67% |
| H2O America (HTO)vs › | $2.44B | 3.05% | 3.34% | 3.30% | 3.22% |
| MGE Energy, Inc. (MGEE)vs › | $2.66B | 4.72% | 4.97% | 4.79% | 4.74% |
| newcleo plc Ordinary Shares (NWCL)vs › | $2.32B | N/A | N/A | N/A | N/A |
| Avista Corporation (AVA)vs › | $2.95B | 4.27% | 3.92% | 3.53% | 3.50% |
| Northwest Natural Holding Company (NWN)vs › | $2.00B | 5.11% | 4.01% | 3.53% | 3.43% |
| SOLV Energy, Inc. Class A Common Stock (MWH)vs › | $3.25B | 13.49% | 20.18% | 20.18% | 20.18% |
| Fluence Energy, Inc. (FLNC)vs › | $1.48B | -12.09% | -0.84% | -15.76% | -81.23% |
| Middlesex Water Company (MSEX)vs › | $996.84M | 3.99% | 3.79% | 3.76% | 3.74% |
| XPLR Infrastructure, LP (XIFR)vs › | $978.55M | -0.01% | -1.00% | -0.49% | 0.07% |
ROIC
4.6%
ROE
8.8%
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 | 4.63% |
| 2026-03-31 | 4.83% |
| 2025-12-31 | 5.40% |
| 2025-09-30 | 4.39% |
| 2025-06-30 | 4.03% |
| 2025-03-31 | 3.20% |
| 2024-12-31 | 3.01% |
| 2024-09-30 | 3.01% |
| 2024-06-30 | 2.98% |
| 2024-03-31 | 3.14% |
| 2023-12-31 | 3.69% |
| 2023-03-31 | 6.23% |
| 2022-12-31 | 6.96% |
| 2022-09-30 | 7.05% |
| 2022-03-31 | 5.69% |
| 2021-09-30 | 6.45% |
| 2021-03-31 | 7.22% |
| 2020-12-31 | 8.06% |
| 2020-03-31 | 8.75% |
| 2019-09-30 | 4.02% |
| 2019-06-30 | 3.86% |
| 2019-03-31 | 5.07% |
| 2018-12-31 | 5.31% |
| 2018-09-30 | 5.82% |
| 2018-06-30 | 4.35% |
| 2018-03-31 | 2.65% |
| 2017-12-31 | 3.37% |
| 2017-09-30 | 4.12% |
| 2017-06-30 | 3.06% |
| 2017-03-31 | 2.29% |
