Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. 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 22.53% is 35% above its 5-year average of 16.68%, near the high end of its 5-year range (12.50%–22.53%).
As of the fiscal period ended Friday, July 3, 2026. 13.74% above its 12-month average of 19.81%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-07-03): 22.53%.
RETURN ON INVESTED CAPITAL (ROIC)
22.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
19.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
17.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
16.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.64%
CURRENT VS TTM AVG
+13.74%
CURRENT VS 3Y AVG
+27.61%
CURRENT VS 5Y AVG
+35.07%
CURRENT VS 10Y AVG
+114.82%
CURRENT VS 15Y AVG
+163.48%
CURRENT VS 20Y AVG
+194.82%
SECTOR MEDIAN · CONSUMER DEFENSIVE
5.88%
median of 85 covered companies
CURRENT VS SECTOR MEDIAN
+283.13%
vs the sector median at left
Coca-Cola Consolidated, Inc.
Market Cap
$15.26B
Return on Invested Capital (ROIC)
22.53%
TTM Avg
19.81%
3Y Avg
17.65%
5Y Avg
16.68%
Market Cap
$16.91B
Return on Invested Capital (ROIC)
10.56%
TTM Avg
6.26%
3Y Avg
8.86%
5Y Avg
9.72%
Market Cap
$12.42B
Return on Invested Capital (ROIC)
6.96%
TTM Avg
2.54%
3Y Avg
2.92%
5Y Avg
4.02%
Market Cap
$12.25B
Return on Invested Capital (ROIC)
12.96%
TTM Avg
13.07%
3Y Avg
12.75%
5Y Avg
13.99%
Market Cap
$12.24B
Return on Invested Capital (ROIC)
5.73%
TTM Avg
7.89%
3Y Avg
7.26%
5Y Avg
7.39%
Market Cap
$18.33B
Return on Invested Capital (ROIC)
3.32%
TTM Avg
3.16%
3Y Avg
3.97%
5Y Avg
5.70%
Market Cap
$19.35B
Return on Invested Capital (ROIC)
10.85%
TTM Avg
14.39%
3Y Avg
11.61%
5Y Avg
10.32%
Market Cap
$11.05B
Return on Invested Capital (ROIC)
3.16%
TTM Avg
5.60%
3Y Avg
6.70%
5Y Avg
7.53%
Market Cap
$9.92B
Return on Invested Capital (ROIC)
20.67%
TTM Avg
22.68%
3Y Avg
17.92%
5Y Avg
17.53%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. (COKE) | $15.26B | 22.53% | 19.81% | 17.65% | 16.68% |
| General Mills, Inc. (GIS)vs › | $16.91B | 10.56% | 6.26% | 8.86% | 9.72% |
| The J. M. Smucker Company (SJM)vs › | $12.42B | 6.96% | 2.54% | 2.92% | 4.02% |
| Brown-Forman Corporation (BF-B)vs › | $12.25B | 12.96% | 13.07% | 12.75% | 13.99% |
| McCormick & Company, Incorporated (MKC)vs › | $12.24B | 5.73% | 7.89% | 7.26% | 7.39% |
| Tyson Foods, Inc. (TSN)vs › | $18.33B | 3.32% | 3.16% | 3.97% | 5.70% |
| Constellation Brands, Inc. (STZ)vs › | $19.35B | 10.85% | 14.39% | 11.61% | 10.32% |
| Hormel Foods Corporation (HRL)vs › | $11.05B | 3.16% | 5.60% | 6.70% | 7.53% |
| The Clorox Company (CLX)vs › | $9.92B | 20.67% | 22.68% | 17.92% | 17.53% |
| Bunge Global S.A. (BG)vs › | $20.62B | 5.82% | 4.71% | 8.46% | 8.82% |
ROIC
22.5%
ROE
N/A
ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)
Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2026-07-03 | 22.53% |
| 2026-04-03 | 22.53% |
| 2025-12-31 | 19.46% |
| 2025-09-26 | 14.70% |
| 2025-06-27 | 14.70% |
| 2025-03-28 | 14.80% |
| 2024-12-31 | 15.64% |
| 2024-09-27 | 15.24% |
| 2024-06-28 | 15.53% |
| 2024-03-29 | 18.33% |
| 2023-12-31 | 19.12% |
| 2023-09-29 | 19.25% |
| 2023-06-30 | 19.35% |
| 2023-03-31 | 17.94% |
| 2022-12-31 | 17.10% |
| 2022-09-30 | 15.28% |
| 2022-07-01 | 13.73% |
| 2022-04-01 | 13.34% |
| 2021-12-31 | 12.50% |
| 2021-10-01 | 12.50% |
| 2021-07-02 | 12.17% |
| 2021-04-02 | 10.79% |
| 2020-12-31 | 9.18% |
| 2020-09-27 | 6.95% |
| 2020-06-28 | 5.51% |
| 2020-03-29 | 4.62% |
| 2019-12-31 | 3.94% |
| 2019-09-29 | 3.35% |
| 2019-06-30 | 3.13% |
| 2019-03-31 | 2.09% |
| 2018-12-31 | 2.33% |
| 2018-09-30 | 1.75% |
| 2018-07-01 | 1.51% |
| 2018-04-01 | 2.63% |
| 2017-12-31 | 4.06% |
| 2017-10-01 | 3.17% |
| 2017-07-02 | 3.36% |
| 2017-04-02 | 3.65% |
| 2016-12-31 | 3.89% |
| 2016-10-02 | 4.30% |
| 2016-07-03 | 4.02% |
| 2016-04-03 | 3.63% |
| 2015-12-31 | 4.20% |
| 2015-09-27 | 4.56% |
| 2015-06-28 | 4.41% |
| 2015-03-29 | 4.40% |
| 2014-12-31 | 4.62% |
| 2014-09-28 | 4.04% |
| 2014-06-29 | 4.63% |
| 2014-03-30 | 4.53% |
| 2013-12-31 | 4.91% |
| 2013-09-29 | 5.42% |
| 2013-06-30 | 4.62% |
| 2013-03-31 | 4.71% |
| 2012-12-31 | 4.81% |
| 2012-09-30 | 4.37% |
| 2012-07-01 | 4.46% |
| 2012-04-01 | 4.50% |
| 2011-12-31 | 4.61% |
| 2011-10-02 | 4.80% |
| 2011-07-03 | 5.36% |
| 2011-04-03 | 5.51% |
| 2010-12-31 | 5.50% |
| 2010-10-03 | 5.34% |
| 2010-07-04 | 5.46% |
| 2010-04-04 | 5.33% |
| 2009-12-31 | 5.98% |
| 2009-09-27 | 6.11% |
| 2009-06-28 | 3.97% |
| 2009-03-29 | 4.19% |
| 2008-12-31 | 2.85% |
| 2008-09-28 | 2.63% |
| 2008-06-29 | 3.48% |
| 2008-03-30 | 3.33% |
| 2007-12-31 | 4.42% |
| 2007-09-30 | 5.53% |
| 2007-07-01 | 5.52% |
| 2007-04-01 | 5.35% |
| 2006-12-31 | 5.20% |
| 2006-10-01 | 4.04% |
| 2006-07-02 | 4.32% |
| 2006-04-02 | 4.58% |
| 2005-12-31 | 4.54% |
| 2005-10-02 | 4.57% |
| 2005-07-03 | 4.29% |
| 2005-04-03 | 4.15% |
| 2004-12-31 | 4.25% |
| 2004-09-26 | 4.36% |
| 2004-06-27 | 5.19% |
| 2004-03-28 | 5.56% |
| 2003-12-31 | 5.55% |
| 2003-09-28 | 5.53% |
| 2003-06-29 | 4.83% |
