Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 6.32% is 25% above its 5-year average of 5.06%, near the high end of its 5-year range (0.34%–6.44%).
As of the fiscal period ended Wednesday, December 31, 2025. 0.88% above its 12-month average of 6.27%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
6.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.27%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
5.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
7.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.71%
CURRENT VS TTM AVG
+0.88%
CURRENT VS 3Y AVG
+2.64%
CURRENT VS 5Y AVG
+24.86%
CURRENT VS 10Y AVG
+13.69%
CURRENT VS 15Y AVG
-11.46%
CURRENT VS 20Y AVG
-18.00%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.90%
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
-28.99%
vs the sector median at left
Anheuser-Busch InBev SA/NV
Market Cap
$170.32B
Return on Invested Capital (ROIC)
6.32%
TTM Avg
6.27%
3Y Avg
6.16%
5Y Avg
5.06%
Market Cap
$190.64B
Return on Invested Capital (ROIC)
13.29%
TTM Avg
13.51%
3Y Avg
13.40%
5Y Avg
12.79%
Market Cap
$114.07B
Return on Invested Capital (ROIC)
34.32%
TTM Avg
33.76%
3Y Avg
32.23%
5Y Avg
28.31%
Market Cap
$94.26B
Return on Invested Capital (ROIC)
21.74%
TTM Avg
21.92%
3Y Avg
19.60%
5Y Avg
20.74%
Market Cap
$79.53B
Return on Invested Capital (ROIC)
5.13%
TTM Avg
7.29%
3Y Avg
6.73%
5Y Avg
6.45%
Market Cap
$73.06B
Return on Invested Capital (ROIC)
30.34%
TTM Avg
30.45%
3Y Avg
27.00%
5Y Avg
26.68%
Market Cap
$65.62B
Return on Invested Capital (ROIC)
9.76%
TTM Avg
10.43%
3Y Avg
10.92%
5Y Avg
12.67%
Market Cap
$48.51B
Return on Invested Capital (ROIC)
9.45%
TTM Avg
7.99%
3Y Avg
7.63%
5Y Avg
6.44%
Market Cap
$297.41B
Return on Invested Capital (ROIC)
25.56%
TTM Avg
25.50%
3Y Avg
23.51%
5Y Avg
27.79%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Anheuser-Busch InBev SA/NV (BUD) | $170.32B | 6.32% | 6.27% | 6.16% | 5.06% |
| PepsiCo, Inc. (PEP)vs › | $190.64B | 13.29% | 13.51% | 13.40% | 12.79% |
| Altria Group, Inc. (MO)vs › | $114.07B | 34.32% | 33.76% | 32.23% | 28.31% |
| Monster Beverage Corporation (MNST)vs › | $94.26B | 21.74% | 21.92% | 19.60% | 20.74% |
| Mondelez International, Inc. (MDLZ)vs › | $79.53B | 5.13% | 7.29% | 6.73% | 6.45% |
| Colgate-Palmolive Company (CL)vs › | $73.06B | 30.34% | 30.45% | 27.00% | 26.68% |
| Target Corporation (TGT)vs › | $65.62B | 9.76% | 10.43% | 10.92% | 12.67% |
| Coca-Cola Europacific Partners PLC (CCEP)vs › | $48.51B | 9.45% | 7.99% | 7.63% | 6.44% |
| Philip Morris International Inc. (PM)vs › | $297.41B | 25.56% | 25.50% | 23.51% | 27.79% |
| Keurig Dr Pepper Inc. (KDP)vs › | $42.34B | 5.62% | 5.39% | 5.34% | 5.09% |
ROIC
6.3%
ROE
14.0%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 6.32% |
| 2024-12-31 | 6.21% |
| 2023-12-31 | 5.66% |
| 2022-12-31 | 6.44% |
| 2021-12-31 | 5.40% |
| 2020-12-31 | 0.34% |
| 2019-12-31 | 6.07% |
| 2018-12-31 | 5.40% |
| 2017-12-31 | 6.32% |
| 2016-12-31 | 3.56% |
| 2015-12-31 | 9.43% |
| 2014-12-31 | 10.07% |
| 2013-12-31 | 14.71% |
| 2012-12-31 | 10.04% |
| 2011-12-31 | 10.19% |
| 2010-12-31 | 8.05% |
| 2009-12-31 | 8.84% |
| 2008-12-31 | 4.36% |
| 2007-12-31 | 14.11% |
| 2006-12-31 | 11.56% |
| 2005-12-31 | 8.77% |
| 2004-12-31 | 6.79% |
| 2003-12-31 | 7.15% |
| 2002-12-31 | 6.19% |
