Arrow Financial (AROW) Return on Invested Capital [ROIC] (2009 - 2026)
Arrow Financial's Return on Invested Capital [ROIC] came in at 23.80% for Q2 2026, up 1.81 percentage points from 22.00% a year earlier but down 0.54 percentage points from the prior quarter.
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Analysis
Arrow Financial (AROW) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Arrow Financial's Return on Invested Capital [ROIC] was 24.07%, up 0.70 percentage points from FY2024.
- Return on Invested Capital [ROIC] has increased in each of the last four years, with a five-year change of +10.54 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 23.38% in FY2024 (+4.32 pp), 19.06% in FY2023 (+5.31 pp), 13.75% in FY2022 (+0.85 pp) and 12.90% in FY2021 (-0.64 pp).
- The five-year range for quarterly Return on Invested Capital [ROIC] is 12.51% (Q4 2021) to 24.34% (Q1 2026).
- Year-over-year, Return on Invested Capital [ROIC] has increased for three consecutive quarters, with an average year-over-year change of +1.44 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q2 2024 (a gain of 8.81 percentage points), and the weakest in Q3 2025 (a drop of 1.57 percentage points).
- Business Quant data shows AROW's Return on Invested Capital [ROIC] at 24.34% (Q1 2026), 23.62% (Q4 2025) and 22.21% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 3.60% |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | 12.95% |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | 11.83% |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 49.27% |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 6.60% |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | 3.32% |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | 3.69% |
| 10 | Arrow Financial | 23.90 Mn | 650,935.35 | - | 14.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.28% |
| Jun 30, 2026 | 18.15% |
| Mar 31, 2026 | 24.37% |
| Dec 31, 2025 | 23.65% |
| Sep 30, 2025 | 22.24% |
| Jun 30, 2025 | 22.03% |
| Mar 31, 2025 | 22.12% |
| Dec 31, 2024 | 20.94% |
| Sep 30, 2024 | 19.71% |
| Jun 30, 2024 | 19.15% |
| Mar 31, 2024 | 19.21% |
| Dec 31, 2023 | 16.27% |
| Sep 30, 2023 | 13.03% |
| Jun 30, 2023 | 12.16% |
| Mar 31, 2023 | 12.92% |
| Dec 31, 2022 | 14.45% |
| Sep 30, 2022 | 13.31% |
| Jun 30, 2022 | 12.90% |
| Mar 31, 2022 | 12.64% |
| Dec 31, 2021 | 12.55% |
API Access
Arrow Financial Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=AROW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "AROW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=AROW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();