Rankings · Quality

Highest return on capital

Graded A or B, ranked by operating profit as a share of the equity and debt the business runs on. Banks, insurers and companies with negative equity are left out, where the measure means nothing.

26 companies meet this test

Figures as of October 1, 2026

#CompanyGradeReturn on capitalNet marginMarket value
1CEGCONSTELLATION ENERGY CORPORATIONB9.6%11.1%$93.7B
2EIXEDISON INTERNATIONALB8.8%18.1%$20.6B
3AWRAMERICAN STATES WATER COA8.7%20.5%$3.2B
4NRGNRG Energy, IncB7.6%2.6%$20.4B
5VSTVistra Operations Company LLCB+7.3%11.2%$47.3B
6NJRNEW JERSEY RESOURCES CORPORATIONA+6.5%24.0%$5.2B
7PEGPublic Service Enterprise Group IncorporatedB6.4%16.0%$33.7B
8OGEOGE ENERGY CORP.B+6.3%14.0%$9.4B
9ESEVERSOURCE ENERGYA6.1%10.4%$24.1B
10DTEDTE ENERGY COB5.7%2,179.3%$25.5B

More rankings

A ranking orders companies by one stated measure. It is not a recommendation, and it says nothing about whether any share price is reasonable.