What is Via Renewables, Inc.'s return on invested capital?

Via Renewables, Inc. (VIA) reported return on invested capital of 19.9% in Q1 2026.

How has Via Renewables, Inc.'s return on invested capital changed year-over-year?

Via Renewables, Inc.'s return on invested capital decreased by 69.8% year-over-year, from 65.8% to 19.9%.

What does return on invested capital mean?

Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

Via Renewables, Inc. VIA Return on invested capital

Return on invested capital at other companies

NRG EnergyNRG

4.5%-9.8pp

VistraVST

15.2%+0.2pp

UnitilUTL

5.9%+0.3pp

NorthWestern Energy Group, Inc.NWE

5.2%-0.8pp

Xcel EnergyXEL

4.7%-0.2pp

CMS

CMS EnergyCMS

5.1%-0.5pp

Other financials

Income statement

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Revenue$159.0M+11.8%

Gross profit$26.4M-43.6%

Operating income$4.8M-80.6%

Net income$2.1M-76.7%

EPS (diluted)-$0.01-101%

Balance sheet

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Cash & equivalents$50.6M-25.2%

Total debt$130.0M+28.7%

Total equity$66.3M-8.8%

Total assets$323.0M-7.0%

Cash flow

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Operating cash flow$9.4M-62.4%

CapEx$245.0K-82.7%

Free cash flow$9.1M-61.1%

Valuation

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Market cap$1.23B-68.8%

Enterprise value$1.31B—

P/E99×—

P/S2.6×—

Profitability

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Gross margin25.2%-14.5pp

Operating margin7%-12.5pp

Net margin2.6%-4.1pp

FCF margin10.3%-3.7pp

Returns & leverage

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Return on equity17.8%-27.4pp

Debt / equity2×+0.6×

Current ratio2.8×-0.1×

Where this comes from

Calculated from Via Renewables, Inc.’s reported figures.

nopat/invested capital=19.9%

Based on trailing twelve months.

The official record: Via Renewables, Inc.’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Via Renewables, Inc.'s return on invested capital?: Via Renewables, Inc. (VIA) reported return on invested capital of 19.9% in Q1 2026.
How has Via Renewables, Inc.'s return on invested capital changed year-over-year?: Via Renewables, Inc.'s return on invested capital decreased by 69.8% year-over-year, from 65.8% to 19.9%.
What does return on invested capital mean?: Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.