# Citizens Financial Group Returns

NYSE: CFG · Reporting currency: USD

[Interactive page](https://beanvest.com/stock/cfg/returns) · [JSON with these options](https://beanvest.com/stock/cfg/returns.json?range=5Y&deductSbc=false&limit=200&offset=0&frequency=quarterly&wacc=7.7) · [Raw filing inputs](https://beanvest.com/api/v2/financials/cfg)

Frequency: quarterly. Newest first. Retrieved: 2026-09-28T18:23:16.063Z.
Coverage: 2014-09-30 to 2026-06-30. Rows 1–48 of 48.
Snapshot checked: 2026-10-18T16:48:35.628Z. Last validated: 2026-10-18T16:48:35.628Z.

## Definitions

- **ROIC** (`roic`, percent): 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** (`roce`, percent): Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- **ROIIC** (`roiic`, percent): 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** (`roe`, percent): Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- **ROA** (`roa`, percent): Net income / average total assets × 100, using period end and one year earlier.
- **ROIC − WACC** (`roic_wacc`, percentage_points): 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.

## Values

| Period | End date | ROIC (percent) | ROCE (percent) | ROIIC (percent) | ROE (percent) | ROA (percent) | ROIC − WACC (percentage_points) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 2026-Q2 | 2026-06-30 | Unavailable | Unavailable | Unavailable | 7.71729194624346 | 0.9404042057211608 | Unavailable |
| 2026-Q1 | 2026-03-31 | Unavailable | Unavailable | Unavailable | 7.178964692973863 | 0.8815665549271758 | Unavailable |
| 2025-Q4 | 2025-12-31 | Unavailable | Unavailable | Unavailable | 6.6757627889501885 | 0.8250126162497297 | Unavailable |
| 2025-Q3 | 2025-09-30 | Unavailable | Unavailable | Unavailable | 6.170091211757057 | 0.7702513035282844 | Unavailable |
| 2025-Q2 | 2025-06-30 | Unavailable | Unavailable | Unavailable | 5.918172005783761 | 0.7265292710976433 | Unavailable |
| 2025-Q1 | 2025-03-31 | Unavailable | Unavailable | Unavailable | 5.791021448989245 | 0.7026845454793054 | Unavailable |
| 2024-Q4 | 2024-12-31 | Unavailable | Unavailable | Unavailable | 5.646555272038851 | 0.6867128570940987 | Unavailable |
| 2024-Q3 | 2024-09-30 | Unavailable | Unavailable | Unavailable | 4.869274210416231 | 0.5829527884649959 | Unavailable |
| 2024-Q2 | 2024-06-30 | Unavailable | Unavailable | Unavailable | 5.141821553504446 | 0.6072179935169886 | Unavailable |
| 2024-Q1 | 2024-03-31 | Unavailable | Unavailable | Unavailable | 5.450148033860139 | 0.6464816220318769 | Unavailable |
| 2023-Q4 | 2023-12-31 | Unavailable | Unavailable | Unavailable | 6.20836109260493 | 0.7167420330423426 | Unavailable |
| 2023-Q3 | 2023-09-30 | Unavailable | Unavailable | Unavailable | 8.486876412306623 | 0.9209830338212351 | Unavailable |
| 2023-Q2 | 2023-06-30 | Unavailable | Unavailable | Unavailable | 9.03303904994469 | 1.0129441635651366 | Unavailable |
| 2023-Q1 | 2023-03-31 | Unavailable | Unavailable | Unavailable | 8.86871961102107 | 1.044520010715501 | Unavailable |
| 2022-Q4 | 2022-12-31 | Unavailable | Unavailable | Unavailable | 8.320950965824665 | 0.9986944226312924 | Unavailable |
| 2022-Q3 | 2022-09-30 | Unavailable | Unavailable | Unavailable | 7.889368463999656 | 0.9473124260671232 | Unavailable |
| 2022-Q2 | 2022-06-30 | Unavailable | Unavailable | Unavailable | 7.280072379910367 | 0.8955455834644599 | Unavailable |
| 2022-Q1 | 2022-03-31 | Unavailable | Unavailable | Unavailable | 9.005745969995752 | 1.1220255513901412 | Unavailable |
| 2021-Q4 | 2021-12-31 | Unavailable | Unavailable | Unavailable | 9.571952357190897 | 1.2475857950602274 | Unavailable |
| 2021-Q3 | 2021-09-30 | Unavailable | Unavailable | Unavailable | 9.291379761178419 | 1.2259887776973801 | Unavailable |
| 2021-Q2 | 2021-06-30 | Unavailable | Unavailable | Unavailable | 8.404761382817808 | 1.1118478374038983 | Unavailable |
| 2021-Q1 | 2021-03-31 | Unavailable | Unavailable | Unavailable | 6.842589063515907 | 0.8979600808933439 | Unavailable |
| 2020-Q4 | 2020-12-31 | Unavailable | Unavailable | Unavailable | 4.2340776396131385 | 0.6055883717865717 | Unavailable |
| 2020-Q3 | 2020-09-30 | Unavailable | Unavailable | Unavailable | 4.300541516245487 | 0.611775662853983 | Unavailable |
| 2020-Q2 | 2020-06-30 | Unavailable | Unavailable | Unavailable | 4.9330482727579605 | 0.6923061207216095 | Unavailable |
| 2020-Q1 | 2020-03-31 | Unavailable | Unavailable | Unavailable | 6.007221545042663 | 0.8199703603787483 | Unavailable |
| 2019-Q4 | 2019-12-31 | Unavailable | Unavailable | Unavailable | 7.9873541308289555 | 1.0979276691872208 | Unavailable |
| 2019-Q3 | 2019-09-30 | Unavailable | Unavailable | Unavailable | 8.265482944429937 | 1.118404756006936 | Unavailable |
| 2019-Q2 | 2019-06-30 | Unavailable | Unavailable | Unavailable | 8.214857358064211 | 1.1314350367716388 | Unavailable |
| 2019-Q1 | 2019-03-31 | Unavailable | Unavailable | Unavailable | 8.343351767251743 | 1.1258120364046442 | Unavailable |
| 2018-Q4 | 2018-12-31 | Unavailable | Unavailable | Unavailable | 8.23618176065422 | 1.1001937005759874 | Unavailable |
| 2018-Q3 | 2018-09-30 | Unavailable | Unavailable | Unavailable | 9.44905286616318 | 1.240184027307278 | Unavailable |
| 2018-Q2 | 2018-06-30 | Unavailable | Unavailable | Unavailable | 8.946238681503047 | 1.1908564128302233 | Unavailable |
| 2018-Q1 | 2018-03-31 | Unavailable | Unavailable | Unavailable | 8.550092717887035 | 1.1325550309806478 | Unavailable |
| 2017-Q4 | 2017-12-31 | Unavailable | Unavailable | Unavailable | 8.186520728690306 | 1.0945616452878193 | Unavailable |
| 2017-Q3 | 2017-09-30 | Unavailable | Unavailable | Unavailable | 6.224869694713328 | 0.8499485539814525 | Unavailable |
| 2017-Q2 | 2017-06-30 | Unavailable | Unavailable | Unavailable | 5.971705137751303 | 0.8206615192690246 | Unavailable |
| 2017-Q1 | 2017-03-31 | Unavailable | Unavailable | Unavailable | 5.666633175926856 | 0.7866043077262176 | Unavailable |
| 2016-Q4 | 2016-12-31 | Unavailable | Unavailable | Unavailable | 5.234432513390704 | 0.7263804704443085 | Unavailable |
| 2016-Q3 | 2016-09-30 | Unavailable | Unavailable | Unavailable | 4.876699932128403 | 0.696730887694628 | Unavailable |
| 2016-Q2 | 2016-06-30 | Unavailable | Unavailable | Unavailable | 4.486084597608761 | 0.6422739471876615 | Unavailable |
| 2016-Q1 | 2016-03-31 | Unavailable | Unavailable | Unavailable | Unavailable | 0.617471403988258 | Unavailable |
| 2015-Q4 | 2015-12-31 | Unavailable | Unavailable | Unavailable | 4.281235545048054 | 0.6197775441314813 | Unavailable |
| 2015-Q3 | 2015-09-30 | Unavailable | Unavailable | Unavailable | Unavailable | 0.611721666641678 | Unavailable |
| 2015-Q2 | 2015-06-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2015-Q1 | 2015-03-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2014-Q4 | 2014-12-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2014-Q3 | 2014-09-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |

## Unavailable values

- roic: Not applicable to banks and insurers: these ratios use an industrial-company capital model.
- roce: Not applicable to banks and insurers: these ratios use an industrial-company capital model.
- roiic: Not applicable to banks and insurers: these ratios use an industrial-company capital model.
- roic_wacc: Not applicable to banks and insurers: these ratios use an industrial-company capital model.
- roe: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- roe: The matching period one year earlier is unavailable.
- roa: The matching period one year earlier is unavailable.
- roe: A complete trailing 12-month reporting basis is unavailable.
- roa: A complete trailing 12-month reporting basis is unavailable.

WACC scenario: 7.7%. Default: 7.7% (US nonfinancial market · generic proxy). [NYU Stern · January 2026](https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/wacc.html).

## Sources

- [sec-0000759944-ebad6963190b](https://data.sec.gov/api/xbrl/companyfacts/CIK0000759944.json) · Retrieved 2026-09-28T07:37:41.538Z · SHA-256 ebad6963190bd16d700d51420dec0436ac5bae1e294ceec16970098b94c01ad7
- [inline-0000759944-2568cfb57c9f](https://www.sec.gov/Archives/edgar/data/759944/000075994426000028/cfg-20251231.htm) · Retrieved 2026-09-28T16:19:08.938Z · SHA-256 2568cfb57c9f862c65d7abc08ec145e9ce922cffdec501c7f190cfac675e3999
- [inline-0000759944-445ac1d10e58](https://www.sec.gov/Archives/edgar/data/759944/000075994426000148/cfg-20260630.htm) · Retrieved 2026-09-28T16:19:08.938Z · SHA-256 445ac1d10e58ffe655380d2efc727511f1b3e5d9c825858b5c032dc176c47149
- [inline-0000759944-8f0d44b4287d](https://www.sec.gov/Archives/edgar/data/759944/000075994424000039/cfg-20231231.htm) · Retrieved 2026-10-17T11:14:49.003Z · SHA-256 8f0d44b4287dcf35ef3288fc5014c9a95e526025341fa984cb870060027905ef
- [inline-0000759944-9a01b9b16b6e](https://www.sec.gov/Archives/edgar/data/759944/000075994426000028/cfg-20251231.htm) · Retrieved 2026-10-18T00:19:34.631Z · SHA-256 9a01b9b16b6e860822187562baee1dfd72fb0273455c7f3f4889ceee1e34b259
- [inline-0000759944-170d4890f115](https://www.sec.gov/Archives/edgar/data/759944/000075994424000039/cfg-20231231.htm) · Retrieved 2026-10-18T12:29:55.279Z · SHA-256 170d4890f115ac70380fcbb4c5be9c6dba6e67af0b3f47858f9783d911e027f0

## Data conventions

- Null means an unavailable input or undefined calculation, never zero. Values are unrounded; money and shares are in millions unless a column states otherwise.
- Fiscal periods use actual reporting start/end dates. Annual reported values are not constructed by adding quarterly EPS or weighted share counts. Partial years are labelled.
- FCF uses operating cash flow minus reported cash capital investment, preferring PPE purchases. The productive-assets fallback can also include software and intangibles. Acquisitions and noncash leases are excluded. Deduct SBC is an optional economic-cost scenario; missing SBC remains unavailable.
- SBC / FCF and SBC / OCF compare amounts from the same fiscal period. SBC / FCF always uses FCF before SBC deduction; nonpositive denominators are undefined and values above 100% remain valid.
- Capital allocation percentages describe available tracked cash uses, not all company spending or a fraction of OCF. Missing categories remain null, negative payments are excluded and SBC is noncash. Annual shares use reported annual amounts.
- Valuation uses completed, split-adjusted closes without dividend adjustment and a complete trailing year. Financial bases become eligible after publication; selected facts can contain later restatements. This is not a vintage-filings backtest.
- Mean and median use all valid observations in the selected date range before pagination. Historical pricing labels compare the latest positive value with its own median and do not estimate intrinsic fair value.
- Reporting currencies are retained without conversion. USD market capitalization, where available, is a separate dated Nasdaq snapshot.
- WACC is an editable US industry scenario across history, not a historical company cost of capital. Industry exclusions, missing inputs and pending filings remain explicit.