Exelon
Exelon 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 | 5.61% | 4.94% | 2.93% | 9.71% | 2.4% | 1.2 pp |
| FY 2026 Q1 | Mar 31, 2026 | 5.65% | 4.98% | 2.08% | 9.76% | 2.45% | 1.3 pp |
| FY 2025 Q4 | Dec 31, 2025 | 5.75% | 5.04% | 6.87% | 9.94% | 2.47% | 1.3 pp |
| FY 2025 Q3 | Sep 30, 2025 | 5.92% | 5% | 10.71% | 10.31% | 2.57% | 1.5 pp |
| FY 2025 Q2 | Jun 30, 2025 | 5.76% | 4.79% | 9.46% | 9.87% | 2.45% | 1.4 pp |
| FY 2025 Q1 | Mar 31, 2025 | 5.87% | 4.82% | 16.39% | 10.1% | 2.55% | 1.5 pp |
| FY 2024 Q4 | Dec 31, 2024 | 5.62% | 4.54% | 13.29% | 9.34% | 2.35% | 1.2 pp |
| FY 2024 Q3 | Sep 30, 2024 | 5.58% | 4.56% | 17.78% | 9.33% | 2.37% | 1.2 pp |
| FY 2024 Q2 | Jun 30, 2024 | 5.52% | 4.54% | 17.18% | 9.46% | 2.38% | 1.1 pp |
| FY 2024 Q1 | Mar 31, 2024 | 5.24% | 4.38% | 9.56% | 9.07% | 2.32% | 0.8 pp |
| FY 2023 Q4 | Dec 31, 2023 | 5.22% | 4.55% | 12.83% | 9.22% | 2.36% | 0.8 pp |
| FY 2023 Q3 | Sep 30, 2023 | 4.97% | 4.16% | 11.73% | 8.57% | 2.23% | 0.6 pp |
| FY 2023 Q2 | Jun 30, 2023 | 4.85% | 4.05% | -3.81% | 8.7% | 2.23% | 0.4 pp |
| FY 2023 Q1 | Mar 31, 2023 | 5% | 4.07% | 2% | 9.23% | 2.36% | 0.6 pp |
| FY 2022 Q4 | Dec 31, 2022 | 4.06% | 3.29% | — | 7.34% | 1.9% | -0.3 pp |
| FY 2022 Q3 | Sep 30, 2022 | 3.83% | 3.2% | — | 7.29% | 1.88% | -0.6 pp |
| FY 2022 Q2 | Jun 30, 2022 | 4.94% | 4.08% | — | 9.52% | 2.42% | 0.5 pp |
| FY 2022 Q1 | Mar 31, 2022 | 4.52% | 3.73% | — | 9.34% | 2.42% | 0.1 pp |
| FY 2021 Q4 | Dec 31, 2021 | 3.05% | 2.33% | -4.21% | 5.09% | 1.39% | -1.4 pp |
| FY 2021 Q3 | Sep 30, 2021 | 2.63% | 2.03% | -204.54% | 5.02% | 1.44% | -1.8 pp |
| FY 2021 Q2 | Jun 30, 2021 | 1.24% | 1.11% | -282.14% | 3% | 0.95% | -3.2 pp |
| FY 2021 Q1 | Mar 31, 2021 | 1.35% | 1.29% | -245.71% | 3.39% | 1.03% | -3 pp |
| FY 2020 Q4 | Dec 31, 2020 | 3.28% | 2.48% | -65.76% | 6.06% | 1.54% | -1.1 pp |
| FY 2020 Q3 | Sep 30, 2020 | 4.41% | 3.11% | -4.71% | 7.32% | 1.86% | 0 pp |
| FY 2020 Q2 | Jun 30, 2020 | 5.28% | 3.66% | 27.02% | 8.24% | 2.03% | 0.9 pp |
| FY 2020 Q1 | Mar 31, 2020 | 5.77% | 3.94% | 26.63% | 8.18% | 1.98% | 1.4 pp |
| FY 2019 Q4 | Dec 31, 2019 | 5.06% | 3.99% | -4.64% | 9.32% | 2.48% | 0.7 pp |
| FY 2019 Q3 | Sep 30, 2019 | 4.69% | 3.76% | — | 7.34% | 1.92% | 0.3 pp |
| FY 2019 Q2 | Jun 30, 2019 | 4.45% | 3.62% | — | 7.33% | 1.98% | 0.1 pp |
| FY 2019 Q1 | Mar 31, 2019 | 4.73% | 3.71% | — | 7.57% | 2.02% | 0.3 pp |
| FY 2018 Q4 | Dec 31, 2018 | 5.49% | 3.64% | — | 6.63% | 1.76% | 1.1 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 4.13% | — | 12.61% | 3.29% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 4.53% | — | 13.16% | 3.4% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 3.88% | — | 11.84% | 2.99% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 4.11% | — | 13.54% | 3.32% | — |
| FY 2017 Q3 | Sep 30, 2017 | 4.44% | 3.57% | — | 7.77% | 1.85% | 0 pp |
| FY 2017 Q2 | Jun 30, 2017 | 4.2% | 3.44% | — | 6.64% | 1.58% | -0.2 pp |
| FY 2017 Q1 | Mar 31, 2017 | 4.53% | 3.91% | — | 7.49% | 1.8% | 0.1 pp |
| FY 2016 Q4 | Dec 31, 2016 | 3.53% | 3.32% | -6.76% | 4.39% | 1.15% | -0.9 pp |
| FY 2016 Q3 | Sep 30, 2016 | — | 3.27% | — | 4.78% | 1.21% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 3.26% | — | 5.59% | 1.29% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | 3.96% | — | 7.17% | 1.66% | — |
| FY 2015 Q4 | Dec 31, 2015 | 6.62% | 5.37% | 27.86% | 9.38% | 2.47% | 2.2 pp |
| FY 2015 Q3 | Sep 30, 2015 | — | 5.37% | — | 8.02% | 2.19% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | 5.73% | — | 10.11% | 2.8% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | 5.65% | — | 9.76% | 2.86% | — |
| FY 2014 Q4 | Dec 31, 2014 | 5.38% | 4.12% | -0.38% | 7.16% | 2.18% | 1 pp |
| FY 2014 Q3 | Sep 30, 2014 | — | 4.4% | — | 9.24% | 2.69% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 4.32% | — | 8.35% | 2.32% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 4.66% | — | 8.31% | 2.31% | — |
| FY 2013 Q4 | Dec 31, 2013 | 5.78% | 5.11% | 36.26% | 7.78% | 2.18% | 1.4 pp |
| FY 2013 Q3 | Sep 30, 2013 | — | 4.86% | — | 7.34% | 2.04% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 4.05% | — | 5.35% | 1.51% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 3.65% | — | 4.46% | 1.24% | — |
| FY 2012 Q4 | Dec 31, 2012 | 4.8% | 3.94% | -10.44% | 6.48% | 1.75% | 0.4 pp |
| FY 2012 Q3 | Sep 30, 2012 | — | 4.57% | — | 7.67% | 2.1% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 5.67% | — | 9.37% | 2.62% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 6.28% | — | 11.34% | 3.14% | — |
| FY 2011 Q4 | Dec 31, 2011 | 11.24% | 9.13% | -2.07% | 17.86% | 4.65% | 6.8 pp |
| FY 2011 Q3 | Sep 30, 2011 | — | 9.06% | — | 17.05% | 4.59% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| 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 · EXC, 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.