American Electric Power Co
American Electric Power Co returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 5.81% | 5.15% | — | 10.14% | 2.84% | 1.4 pp |
| FY 2026 Q1 | Mar 31, 2026 | 6.78% | 5.52% | 12.18% | 12.36% | 3.42% | 2.4 pp |
| FY 2025 Q4 | Dec 31, 2025 | 6.73% | 5.56% | — | 12.33% | 3.4% | 2.3 pp |
| FY 2025 Q3 | Sep 30, 2025 | 7.04% | 5.59% | — | 12.85% | — | 2.6 pp |
| FY 2025 Q2 | Jun 30, 2025 | — | 5.52% | — | 13.03% | 3.59% | — |
| FY 2025 Q1 | Mar 31, 2025 | 5.7% | 4.99% | — | 10.41% | — | 1.3 pp |
| FY 2024 Q4 | Dec 31, 2024 | — | 4.91% | — | 11.37% | 2.98% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | 4.42% | — | 10.17% | — | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 4.45% | — | 10.53% | — | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 4.77% | — | 11.36% | — | — |
| FY 2023 Q4 | Dec 31, 2023 | 5.29% | 4.34% | -0.09% | 8.99% | 2.33% | 0.9 pp |
| FY 2023 Q3 | Sep 30, 2023 | 5.37% | 4.28% | -2.07% | 9.1% | 1.95% | 1 pp |
| FY 2023 Q2 | Jun 30, 2023 | — | 3.81% | — | 8.28% | 2.12% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 4.05% | — | 8.37% | 2.16% | — |
| FY 2022 Q4 | Dec 31, 2022 | 5.71% | 4.52% | 4.29% | 9.96% | 2.55% | 1.3 pp |
| FY 2022 Q3 | Sep 30, 2022 | 5.96% | 4.63% | — | 10.58% | 2.77% | 1.6 pp |
| FY 2022 Q2 | Jun 30, 2022 | 6.12% | 4.97% | — | 11.33% | 2.94% | 1.7 pp |
| FY 2022 Q1 | Mar 31, 2022 | — | — | — | — | — | — |
| FY 2021 Q4 | Dec 31, 2021 | 5.81% | 4.67% | 7.39% | 11.58% | 2.95% | 1.4 pp |
| FY 2021 Q3 | Sep 30, 2021 | — | 4.52% | — | 11.18% | 2.89% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | 4.43% | — | 11.3% | 2.88% | — |
| FY 2020 Q4 | Dec 31, 2020 | 5.69% | 4.38% | — | 10.95% | 2.8% | 1.3 pp |
| FY 2020 Q3 | Sep 30, 2020 | 5.34% | 4.02% | -1.87% | 9.57% | 2.51% | 0.9 pp |
| FY 2020 Q2 | Jun 30, 2020 | 5.36% | 4.14% | — | 9.69% | 2.53% | 1 pp |
| FY 2020 Q1 | Mar 31, 2020 | — | 3.97% | — | 9.47% | 2.49% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | 4.12% | — | 9.94% | 2.65% | — |
| FY 2019 Q3 | Sep 30, 2019 | 6.08% | 4.58% | 5.4% | 11% | 3.01% | 1.7 pp |
| FY 2019 Q2 | Jun 30, 2019 | — | 4.2% | — | 10.4% | 2.84% | — |
| FY 2019 Q1 | Mar 31, 2019 | 6.12% | 4.65% | 16% | 10.84% | 3.01% | 1.7 pp |
| FY 2018 Q4 | Dec 31, 2018 | 5.96% | 4.6% | 4.9% | 10.31% | 2.89% | 1.6 pp |
| FY 2018 Q3 | Sep 30, 2018 | 6.09% | 4.96% | 5.65% | 10.58% | 2.99% | 1.7 pp |
| FY 2018 Q2 | Jun 30, 2018 | 5.85% | 5.69% | 30.82% | 10.55% | 3% | 1.5 pp |
| FY 2018 Q1 | Mar 31, 2018 | 5.53% | 5.78% | 21.56% | 9.81% | 2.81% | 1.1 pp |
| FY 2017 Q4 | Dec 31, 2017 | 5.93% | 6.47% | — | 10.72% | 3.01% | 1.5 pp |
| FY 2017 Q3 | Sep 30, 2017 | 5.93% | 6.17% | — | 10.65% | 3.03% | 1.5 pp |
| FY 2017 Q2 | Jun 30, 2017 | 2.91% | 2.35% | — | 3.17% | 0.92% | -1.5 pp |
| FY 2017 Q1 | Mar 31, 2017 | 3.47% | 2.59% | — | 3.92% | 1.14% | -0.9 pp |
| FY 2016 Q4 | Dec 31, 2016 | — | 2.22% | — | 3.46% | 0.99% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | 2.04% | — | 4.04% | 1.16% | — |
| FY 2016 Q2 | Jun 30, 2016 | 5.64% | 5.81% | 4.55% | 11.12% | 3.22% | 1.2 pp |
| FY 2016 Q1 | Mar 31, 2016 | 5.4% | 5.78% | -0.92% | 10.86% | 3.14% | 1 pp |
| FY 2015 Q4 | Dec 31, 2015 | 5.86% | 6.28% | 10.01% | 11.79% | 3.38% | 1.5 pp |
| FY 2015 Q3 | Sep 30, 2015 | 5.8% | 6.49% | -2.85% | 10.24% | 2.98% | 1.4 pp |
| FY 2015 Q2 | Jun 30, 2015 | 5.7% | 6.44% | -1.9% | 10.25% | 2.95% | 1.3 pp |
| FY 2015 Q1 | Mar 31, 2015 | 5.7% | 6.41% | -2.16% | 10.12% | 2.92% | 1.3 pp |
| FY 2014 Q4 | Dec 31, 2014 | 5.72% | 6.34% | 6.15% | 9.93% | 2.82% | 1.3 pp |
| FY 2014 Q3 | Sep 30, 2014 | 6.21% | 6.84% | 32.22% | 10.97% | 3.18% | 1.8 pp |
| FY 2014 Q2 | Jun 30, 2014 | 6.08% | 6.83% | 28.83% | 10.77% | 3.08% | 1.7 pp |
| FY 2014 Q1 | Mar 31, 2014 | 6.04% | 6.35% | 24.62% | 10.53% | 3.01% | 1.6 pp |
| FY 2013 Q4 | Dec 31, 2013 | 5.68% | 5.84% | 11.24% | 9.45% | 2.67% | 1.3 pp |
| FY 2013 Q3 | Sep 30, 2013 | 4.93% | 5.04% | -19.47% | 7.44% | 2.13% | 0.5 pp |
| FY 2013 Q2 | Jun 30, 2013 | 5.11% | 5.16% | -9.1% | 7.92% | 2.23% | 0.7 pp |
| FY 2013 Q1 | Mar 31, 2013 | 5.23% | 5.6% | -8.09% | 8.14% | 2.3% | 0.8 pp |
| FY 2012 Q4 | Dec 31, 2012 | 5.42% | 5.7% | -3.24% | 8.42% | 2.36% | 1 pp |
| FY 2012 Q3 | Sep 30, 2012 | 5.77% | 5.94% | 2.92% | 10.32% | 2.95% | 1.4 pp |
| FY 2012 Q2 | Jun 30, 2012 | 5.71% | 5.94% | -5.81% | 13.73% | 3.82% | 1.3 pp |
| FY 2012 Q1 | Mar 31, 2012 | 5.73% | 5.93% | 9.81% | 13.81% | 3.83% | 1.3 pp |
| FY 2011 Q4 | Dec 31, 2011 | 5.71% | 6.21% | 8.4% | 13.72% | 3.79% | 1.3 pp |
| FY 2011 Q3 | Sep 30, 2011 | 5.82% | 6.55% | 0.73% | 12.78% | 3.59% | 1.4 pp |
| FY 2011 Q2 | Jun 30, 2011 | 6.15% | 6.87% | 40.63% | 10.56% | 2.86% | 1.8 pp |
| FY 2011 Q1 | Mar 31, 2011 | 5.49% | 6.17% | -36.3% | 9% | 2.44% | 1.1 pp |
| FY 2010 Q4 | Dec 31, 2010 | 5.62% | 6.12% | -17.5% | 9.05% | 2.46% | 1.2 pp |
| FY 2010 Q3 | Sep 30, 2010 | 6% | 6.18% | — | 9.53% | 2.63% | 1.6 pp |
| FY 2010 Q2 | Jun 30, 2010 | 5.64% | 5.85% | — | 8.93% | 2.42% | 1.2 pp |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 4.4%, rounded from the Utility · General benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · AEP, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.