Clearway Energy (CWEN) Return on Invested Capital [ROIC] (2013 - 2026)
Clearway Energy's Return on Invested Capital [ROIC] was 1.58% in Q3 2026, up 0.73 percentage points from 0.85% a year earlier and up 0.13 percentage points from the prior quarter.
Powered by 
Analysis
Clearway Energy (CWEN) Return on Invested Capital [ROIC] (2013 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Clearway Energy came in at 1.18%, down 0.34 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now declined for three consecutive years, with a five-year change of -2.38 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 1.52% in FY2024 (-0.41 pp), 1.93% in FY2023 (-9.20 pp), 11.13% in FY2022 (+8.55 pp) and 2.58% in FY2021 (-0.98 pp).
- The Q3 2026 figure marks the highest quarterly Return on Invested Capital [ROIC] since Q2 2025.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in three of the last eight quarters, with an average year-over-year change of +0.03 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q1 2023 (a gain of 9.82 percentage points); the worst was Q3 2023 (a drop of 10.65 percentage points).
- Per Business Quant data, CWEN's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 1.45% (Q2 2026), 1.24% (Q1 2026) and 1.12% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Constellation Energy | 98.63 Bn | 93.22 Bn | - | 7.77% |
| 2 | Vistra | 44.52 Bn | 35.00 Bn | - | 12.63% |
| 3 | AXIA Energia | 24.30 Bn | 11.28 Bn | 2.59 Bn | 6.52% |
| 4 | Nrg Energy | 20.38 Bn | 15.19 Bn | 2.23 Bn | 7.50% |
| 5 | Talen Energy | 17.79 Bn | 15.53 Bn | - | 0.71% |
| 6 | Enlight Renewable Energy | 8.73 Bn | 5.30 Bn | 124.81 Mn | 9.34% |
| 7 | Brookfield Renewable Partners | 7.94 Bn | -20.71 Bn | 23.00 Mn | -1.83% |
| 8 | Clearway Energy | 7.36 Bn | 9.95 Bn | - | 1.58% |
| 9 | Ormat Technologies | 5.56 Bn | 4.03 Bn | 77.38 Mn | 6.33% |
| 10 | Oklo | 4.67 Bn | -3.73 Bn | 772,000.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.58% |
| Jun 30, 2026 | 1.45% |
| Mar 31, 2026 | 1.24% |
| Dec 31, 2025 | 1.12% |
| Sep 30, 2025 | 0.85% |
| Jun 30, 2025 | 1.66% |
| Mar 31, 2025 | 1.75% |
| Dec 31, 2024 | 1.54% |
| Sep 30, 2024 | 1.14% |
| Jun 30, 2024 | 0.85% |
| Mar 31, 2024 | 1.27% |
| Dec 31, 2023 | 1.86% |
| Sep 30, 2023 | 0.23% |
| Jun 30, 2023 | 2.38% |
| Mar 31, 2023 | 11.90% |
| Dec 31, 2022 | 11.07% |
| Sep 30, 2022 | 10.88% |
| Jun 30, 2022 | 10.90% |
| Mar 31, 2022 | 2.08% |
| Dec 31, 2021 | 2.45% |
API Access
Clearway Energy 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=CWEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "CWEN", "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=CWEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();