Consolidated Edison
Consolidated Edison 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 | — | 4.65% | — | 8.96% | 3% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | 4.41% | — | 8.73% | 2.96% | — |
| FY 2025 Q4 | Dec 31, 2025 | 4.77% | 4.44% | 1.59% | 8.77% | 2.79% | 0.4 pp |
| FY 2025 Q3 | Sep 30, 2025 | — | 4.52% | — | 8.84% | 2.9% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 4.42% | — | 8.54% | 2.78% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 4.41% | — | 8.33% | 2.75% | — |
| FY 2024 Q4 | Dec 31, 2024 | 4.94% | 4.31% | -13.4% | 8.44% | 2.66% | 0.5 pp |
| FY 2024 Q3 | Sep 30, 2024 | — | 4.37% | — | 8.58% | 2.77% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 4.19% | — | 8.41% | 2.71% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 4.17% | — | 8.51% | 2.79% | — |
| FY 2023 Q4 | Dec 31, 2023 | 6.09% | 5.44% | 64.5% | 12.04% | 3.72% | 1.7 pp |
| FY 2023 Q3 | Sep 30, 2023 | — | 5.62% | — | 11.36% | 3.65% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 5.97% | — | 11.95% | 3.82% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 6.13% | — | 12.09% | 3.94% | — |
| FY 2022 Q4 | Dec 31, 2022 | 4.66% | 4.55% | -41.19% | 8.15% | 2.51% | 0.3 pp |
| FY 2022 Q3 | Sep 30, 2022 | — | 4.76% | — | 8.31% | 2.63% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | 4.73% | — | 8.07% | 2.53% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | 4.85% | — | 7.76% | 2.43% | — |
| FY 2021 Q4 | Dec 31, 2021 | 5.9% | 4.99% | -1.09% | 6.92% | 2.14% | 1.5 pp |
| FY 2021 Q3 | Sep 30, 2021 | — | 4.79% | — | 6.05% | 1.9% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | 4.82% | — | 5.9% | 1.84% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | 4.98% | — | 6.14% | 1.89% | — |
| FY 2020 Q4 | Dec 31, 2020 | 6.35% | 4.95% | 7.76% | 5.97% | 1.82% | 1.9 pp |
| FY 2020 Q3 | Sep 30, 2020 | — | 5.31% | — | 7.42% | 2.34% | — |
| FY 2020 Q2 | Jun 30, 2020 | 6.08% | 5.33% | 4.93% | 7.42% | 2.32% | 1.7 pp |
| FY 2020 Q1 | Mar 31, 2020 | 6.05% | 5.31% | 5.1% | 7.27% | 2.27% | 1.7 pp |
| FY 2019 Q4 | Dec 31, 2019 | 6.16% | 5.38% | 6.76% | 7.73% | 2.4% | 1.8 pp |
| FY 2019 Q3 | Sep 30, 2019 | 6.4% | 5.9% | 0.54% | 8.15% | 2.62% | 2 pp |
| FY 2019 Q2 | Jun 30, 2019 | 6.21% | 5.85% | -0.93% | 8.05% | 2.56% | 1.8 pp |
| FY 2019 Q1 | Mar 31, 2019 | 6.15% | 5.86% | -0.07% | 8.35% | 2.65% | 1.7 pp |
| FY 2018 Q4 | Dec 31, 2018 | 6.3% | 5.86% | 1.69% | 8.6% | 2.71% | 1.9 pp |
| FY 2018 Q3 | Sep 30, 2018 | 7.01% | 5.7% | 21.63% | 10.04% | 3.15% | 2.6 pp |
| FY 2018 Q2 | Jun 30, 2018 | 6.96% | 5.88% | 20.3% | 10.47% | 3.22% | 2.6 pp |
| FY 2018 Q1 | Mar 31, 2018 | 6.74% | 5.89% | 17.12% | 10.38% | 3.22% | 2.3 pp |
| FY 2017 Q4 | Dec 31, 2017 | 6.64% | 5.96% | 26.42% | 10.26% | 3.17% | 2.2 pp |
| FY 2017 Q3 | Sep 30, 2017 | 5.45% | 5.72% | 0.31% | 8.35% | 2.54% | 1.1 pp |
| FY 2017 Q2 | Jun 30, 2017 | 5.65% | 5.93% | 4.42% | 8.9% | 2.63% | 1.3 pp |
| FY 2017 Q1 | Mar 31, 2017 | 5.98% | 6.28% | 5.59% | 9.56% | 2.82% | 1.6 pp |
| FY 2016 Q4 | Dec 31, 2016 | 5.92% | 6.04% | 1.34% | 9.1% | 2.65% | 1.5 pp |
| FY 2016 Q3 | Sep 30, 2016 | 5.86% | 5.92% | 4.44% | 8.9% | 2.63% | 1.5 pp |
| FY 2016 Q2 | Jun 30, 2016 | 5.82% | 5.67% | 2.84% | 8.57% | 2.49% | 1.4 pp |
| FY 2016 Q1 | Mar 31, 2016 | 5.92% | 5.73% | 3.87% | 8.73% | 2.53% | 1.5 pp |
| FY 2015 Q4 | Dec 31, 2015 | 6.28% | 5.96% | 10.38% | 9.31% | 2.65% | 1.9 pp |
| FY 2015 Q3 | Sep 30, 2015 | 5.86% | 5.89% | -6.19% | 8.54% | 2.57% | 1.5 pp |
| FY 2015 Q2 | Jun 30, 2015 | 5.99% | 5.87% | -9.79% | 8.77% | 2.6% | 1.6 pp |
| FY 2015 Q1 | Mar 31, 2015 | 5.92% | 5.81% | -20.28% | 8.73% | 2.6% | 1.5 pp |
| FY 2014 Q4 | Dec 31, 2014 | 5.95% | 5.78% | -10.94% | 8.8% | 2.57% | 1.5 pp |
| FY 2014 Q3 | Sep 30, 2014 | 6.43% | 6.55% | 7.57% | — | 3.01% | 2 pp |
| FY 2014 Q2 | Jun 30, 2014 | 6.82% | 6.69% | 15.99% | 10.44% | 3.09% | 2.4 pp |
| FY 2014 Q1 | Mar 31, 2014 | 6.6% | 6.46% | 5.91% | 10.13% | 2.99% | 2.2 pp |
| FY 2013 Q4 | Dec 31, 2013 | 6.62% | 6.13% | 1.37% | 8.81% | 2.59% | 2.2 pp |
| FY 2013 Q3 | Sep 30, 2013 | 6.52% | 6.04% | 0.94% | — | 2.54% | 2.1 pp |
| FY 2013 Q2 | Jun 30, 2013 | 6.7% | 6.06% | 2.1% | 8.62% | 2.47% | 2.3 pp |
| FY 2013 Q1 | Mar 31, 2013 | 6.76% | 6.28% | 7.32% | 8.99% | 2.59% | 2.4 pp |
| FY 2012 Q4 | Dec 31, 2012 | 6.9% | 6.37% | 9.23% | 9.68% | 2.84% | 2.5 pp |
| FY 2012 Q3 | Sep 30, 2012 | 6.79% | 6.75% | — | 9.55% | 2.96% | 2.4 pp |
| FY 2012 Q2 | Jun 30, 2012 | 6.77% | 6.5% | — | 9.24% | 2.82% | 2.4 pp |
| FY 2012 Q1 | Mar 31, 2012 | 6.45% | 6.26% | — | 8.84% | 2.71% | 2.1 pp |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | — | — | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
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 · ED, 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.