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 6.41% is in line with its 5-year average of 7.00%, near the high end of its 5-year range (-10.44%–11.63%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.08% below its 12-month average of 6.90%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-06-30): 6.41%.
RETURN ON INVESTED CAPITAL (ROIC)
6.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.03%
CURRENT VS TTM AVG
-7.08%
CURRENT VS 3Y AVG
+11.86%
CURRENT VS 5Y AVG
-8.44%
CURRENT VS 10Y AVG
-9.17%
CURRENT VS 15Y AVG
-4.96%
CURRENT VS 20Y AVG
-8.92%
SECTOR MEDIAN · UTILITIES
4.09%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+56.65%
vs the sector median at left
UGI Corporation
Market Cap
$7.98B
Return on Invested Capital (ROIC)
6.41%
TTM Avg
6.90%
3Y Avg
5.73%
5Y Avg
7.00%
Market Cap
$6.99B
Return on Invested Capital (ROIC)
-6.59%
TTM Avg
-14.18%
3Y Avg
-70.65%
5Y Avg
-66.26%
Market Cap
$9.09B
Return on Invested Capital (ROIC)
0.75%
TTM Avg
1.15%
3Y Avg
1.51%
5Y Avg
1.71%
Market Cap
$5.48B
Return on Invested Capital (ROIC)
4.73%
TTM Avg
4.69%
3Y Avg
4.70%
5Y Avg
4.72%
Market Cap
$10.58B
Return on Invested Capital (ROIC)
4.38%
TTM Avg
4.35%
3Y Avg
4.71%
5Y Avg
5.33%
Market Cap
$11.31B
Return on Invested Capital (ROIC)
4.17%
TTM Avg
3.33%
3Y Avg
3.19%
5Y Avg
3.29%
Market Cap
$3.02B
Return on Invested Capital (ROIC)
4.27%
TTM Avg
3.92%
3Y Avg
3.53%
5Y Avg
3.50%
Market Cap
$13.62B
Return on Invested Capital (ROIC)
1.87%
TTM Avg
1.41%
3Y Avg
1.26%
5Y Avg
-0.17%
Market Cap
$2.02B
Return on Invested Capital (ROIC)
5.11%
TTM Avg
4.01%
3Y Avg
3.53%
5Y Avg
3.43%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| UGI Corporation (UGI) | $7.98B | 6.41% | 6.90% | 5.73% | 7.00% |
| Oklo Inc. (OKLO)vs › | $6.99B | -6.59% | -14.18% | -70.65% | -66.26% |
| Brookfield Renewable Partners L.P. (BEP)vs › | $9.09B | 0.75% | 1.15% | 1.51% | 1.71% |
| Black Hills Corporation (BKH)vs › | $5.48B | 4.73% | 4.69% | 4.70% | 4.72% |
| The AES Corporation (AES)vs › | $10.58B | 4.38% | 4.35% | 4.71% | 5.33% |
| Pinnacle West Capital Corporation (PNW)vs › | $11.31B | 4.17% | 3.33% | 3.19% | 3.29% |
| Avista Corporation (AVA)vs › | $3.02B | 4.27% | 3.92% | 3.53% | 3.50% |
| Talen Energy Corporation (TLN)vs › | $13.62B | 1.87% | 1.41% | 1.26% | -0.17% |
| Northwest Natural Holding Company (NWN)vs › | $2.02B | 5.11% | 4.01% | 3.53% | 3.43% |
| Fluence Energy, Inc. (FLNC)vs › | $1.36B | -12.09% | -0.84% | -15.76% | -81.23% |
ROIC
6.4%
ROE
12.9%
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 | 6.41% |
| 2026-03-31 | 6.23% |
| 2025-12-31 | 7.34% |
| 2025-09-30 | 7.61% |
| 2025-06-30 | 6.89% |
| 2025-03-31 | 7.15% |
| 2024-12-31 | 7.21% |
| 2024-09-30 | 5.29% |
| 2024-06-30 | 7.17% |
| 2024-03-31 | 1.76% |
| 2023-12-31 | -0.06% |
| 2023-09-30 | -10.44% |
| 2023-06-30 | -10.06% |
| 2023-03-31 | -3.73% |
| 2022-12-31 | 3.50% |
| 2022-09-30 | 8.24% |
| 2022-06-30 | 10.29% |
| 2022-03-31 | 11.20% |
| 2021-12-31 | 8.88% |
| 2021-09-30 | 11.63% |
| 2021-06-30 | 9.21% |
| 2021-03-31 | 8.39% |
| 2020-12-31 | 6.60% |
| 2020-09-30 | 6.21% |
| 2020-06-30 | 4.60% |
| 2020-03-31 | 3.31% |
| 2019-12-31 | 4.70% |
| 2019-09-30 | 3.76% |
| 2019-06-30 | 5.53% |
| 2019-03-31 | 5.58% |
| 2018-12-31 | 5.78% |
| 2018-09-30 | 9.61% |
| 2018-06-30 | 9.71% |
| 2018-03-31 | 9.16% |
| 2017-12-31 | 8.53% |
| 2017-09-30 | 7.19% |
| 2017-06-30 | 6.37% |
| 2017-03-31 | 7.32% |
| 2016-12-31 | 8.35% |
| 2016-09-30 | 6.99% |
| 2016-06-30 | 7.29% |
| 2016-03-31 | 6.93% |
| 2015-12-31 | 7.92% |
| 2015-09-30 | 6.29% |
| 2015-06-30 | 6.17% |
| 2015-03-31 | 6.42% |
| 2014-12-31 | 5.18% |
| 2014-09-30 | 7.79% |
| 2014-06-30 | 7.81% |
| 2014-03-31 | 7.42% |
| 2013-12-31 | 7.06% |
| 2013-09-30 | 6.84% |
| 2013-06-30 | 6.62% |
| 2013-03-31 | 5.90% |
| 2012-12-31 | 4.70% |
| 2012-09-30 | 3.99% |
| 2012-06-30 | 4.30% |
| 2012-03-31 | 4.78% |
| 2011-12-31 | 6.44% |
| 2011-09-30 | 7.49% |
| 2011-06-30 | 7.57% |
| 2011-03-31 | 7.67% |
| 2010-12-31 | 8.17% |
| 2010-09-30 | 8.19% |
| 2010-06-30 | 8.62% |
| 2010-03-31 | 7.99% |
| 2009-12-31 | 8.20% |
| 2009-09-30 | 9.30% |
| 2009-06-30 | 9.69% |
| 2009-03-31 | 10.16% |
| 2008-12-31 | 9.19% |
| 2008-09-30 | 8.08% |
| 2008-06-30 | 7.67% |
| 2008-03-31 | 7.51% |
| 2007-12-31 | 6.62% |
| 2007-09-30 | 6.67% |
| 2007-06-30 | 6.92% |
| 2007-03-31 | 6.96% |
| 2006-12-31 | 6.26% |
| 2006-09-30 | 6.27% |
| 2006-06-30 | 6.37% |
| 2006-03-31 | 5.75% |
| 2005-12-31 | 6.20% |
| 2005-09-30 | 6.88% |
| 2005-06-30 | 7.27% |
| 2005-03-31 | 7.49% |
| 2004-12-31 | 6.32% |
| 2004-09-30 | 5.79% |
| 2004-06-30 | 5.48% |
| 2004-03-31 | 4.99% |
| 2003-12-31 | 7.08% |
| 2003-09-30 | 7.53% |
| 2003-06-30 | 7.18% |
