Avangrid Inc
NYSE:AGR
ROA
Return on Assets
ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.
ROA Across Competitors
| Country | Company | Market Cap | ROA | ||
|---|---|---|---|---|---|
| US |
|
Avangrid Inc
NYSE:AGR
|
13.9B USD |
3%
|
|
| US |
|
Nextera Energy Inc
NYSE:NEE
|
144B USD |
3%
|
|
| ES |
|
Iberdrola SA
MAD:IBE
|
100.5B EUR |
3%
|
|
| US |
|
Southern Co
NYSE:SO
|
98.7B USD |
3%
|
|
| US |
|
Constellation Energy Corp
NASDAQ:CEG
|
97.9B USD |
6%
|
|
| IT |
|
Enel SpA
MIL:ENEL
|
82B EUR |
6%
|
|
| US |
|
Duke Energy Corp
NYSE:DUK
|
90.8B USD |
3%
|
|
| US |
|
American Electric Power Company Inc
NASDAQ:AEP
|
55.1B USD |
3%
|
|
| FR |
|
Electricite de France SA
PAR:EDF
|
46.6B EUR |
-5%
|
|
| US |
|
Exelon Corp
NASDAQ:EXC
|
44.1B USD |
3%
|
|
| US |
|
Xcel Energy Inc
NASDAQ:XEL
|
40.2B USD |
3%
|
Avangrid Inc
Glance View
Avangrid Inc., a prominent player in the U.S. energy sector, weaves its story around a commitment to sustainable energy. Headquartered in Orange, Connecticut, Avangrid is part of the larger Iberdrola Group, a multinational energy services giant based in Spain. This connection gives Avangrid the backing of a global leader in renewable energy, aligning its operations with innovative practices and substantial resources. Avangrid operates through two primary segments: Networks and Renewables. Its Networks segment functions as a keystone, managing electricity and gas utility operations across several states, including New York and Maine, serving millions of customers. This segment ensures steady revenue through regulated tariffs, providing an essential service that balances reliability and sustainability. The Renewables segment amplifies Avangrid's growth narrative through its focus on wind, solar, and thermal energy. Avangrid has rapidly expanded its renewable portfolio, investing in large wind farms and solar projects across the United States. This segment stands as a testament to Avangrid's strategic foresight, embracing clean, renewable sources that capitalize on the growing global demand for green energy solutions. Income streams from the Renewables segment come from power purchase agreements and government incentives geared towards green energy. Together, Avangrid's diverse dual-segment strategy not only underscores its role as a utility provider but also as a leader in promoting and making substantial investments in the clean energy transition.
See Also
ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.
Based on Avangrid Inc's most recent financial statements, the company has ROA of 2.5%.
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