Bloom Energy
Bloom Energy 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 | — | 10.52% | — | — | 6.15% | — |
| FY 2026 Q1 | Mar 31, 2026 | 12.16% | 5.56% | 792.58% | — | 0.27% | 4.5 pp |
| FY 2025 Q4 | Dec 31, 2025 | — | 2.51% | — | — | -2.47% | — |
| FY 2025 Q3 | Sep 30, 2025 | 6.59% | 4.27% | — | — | 0.63% | -1.1 pp |
| FY 2025 Q2 | Jun 30, 2025 | 6.19% | 3.37% | — | — | 0.98% | -1.5 pp |
| FY 2025 Q1 | Mar 31, 2025 | 4.34% | 2.67% | — | — | 0.24% | -3.4 pp |
| FY 2024 Q4 | Dec 31, 2024 | — | 1.16% | — | — | -1.07% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | -3.48% | — | — | — | — |
| FY 2024 Q2 | Jun 30, 2024 | — | -8.05% | — | — | — | — |
| FY 2024 Q1 | Mar 31, 2024 | — | -11.59% | — | — | — | — |
| FY 2023 Q4 | Dec 31, 2023 | — | -12.48% | — | -71.69% | -13.86% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | -15.33% | — | — | — | — |
| FY 2023 Q2 | Jun 30, 2023 | — | -13.73% | — | — | — | — |
| FY 2023 Q1 | Mar 31, 2023 | — | -19.02% | — | — | — | — |
| FY 2022 Q4 | Dec 31, 2022 | — | -18.72% | — | -203.55% | -17.16% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | -17.79% | — | -456.51% | -17.25% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | -20.09% | — | — | -18.58% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | -13.9% | — | — | -14.05% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | -9.54% | — | -953.36% | -10.34% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | -9.57% | — | — | -10.89% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | -6.11% | — | — | -8.6% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | -4.63% | — | — | -7.71% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | -9.15% | — | — | -11.35% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | -12.66% | — | — | -14.84% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | -15.98% | — | — | -17.53% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | -16.34% | — | — | -18.16% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | -25.05% | — | — | -22.45% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | -22.99% | — | — | -21.52% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | -30.9% | — | — | -27.31% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | — | — | — |
| FY 2018 Q4 | Dec 31, 2018 | — | — | — | — | — | — |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | — | — | — |
| FY 2018 Q2 | Jun 30, 2018 | — | — | — | — | — | — |
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 7.7%, rounded from the US nonfinancial market · generic proxy 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 · BE, 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.