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 19.01% is in line with its 5-year average of 18.45%, around the middle of its 5-year range (16.21%–20.57%).
As of the fiscal period ended Sunday, May 10, 2026. 1.68% below its 12-month average of 19.34%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-05-10): 19.01%.
RETURN ON INVESTED CAPITAL (ROIC)
19.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
19.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
19.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
18.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
16.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
13.75%
CURRENT VS TTM AVG
-1.68%
CURRENT VS 3Y AVG
-3.67%
CURRENT VS 5Y AVG
+3.07%
CURRENT VS 10Y AVG
+14.17%
CURRENT VS 15Y AVG
+25.90%
CURRENT VS 20Y AVG
+38.22%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.18%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
+132.28%
vs the sector median at left
Costco Wholesale Corporation
Market Cap
$398.80B
Return on Invested Capital (ROIC)
19.01%
TTM Avg
19.34%
3Y Avg
19.74%
5Y Avg
18.45%
Market Cap
$380.88B
Return on Invested Capital (ROIC)
13.91%
TTM Avg
11.75%
3Y Avg
11.72%
5Y Avg
11.10%
Market Cap
$351.98B
Return on Invested Capital (ROIC)
15.78%
TTM Avg
16.14%
3Y Avg
15.75%
5Y Avg
15.70%
Market Cap
$302.34B
Return on Invested Capital (ROIC)
26.30%
TTM Avg
25.50%
3Y Avg
23.51%
5Y Avg
27.79%
Market Cap
$244.28B
Return on Invested Capital (ROIC)
10.80%
TTM Avg
10.70%
3Y Avg
10.55%
5Y Avg
10.64%
Market Cap
$184.79B
Return on Invested Capital (ROIC)
13.22%
TTM Avg
13.62%
3Y Avg
13.51%
5Y Avg
12.88%
Market Cap
$158.26B
Return on Invested Capital (ROIC)
6.32%
TTM Avg
6.28%
3Y Avg
6.18%
5Y Avg
5.47%
Market Cap
$121.59B
Return on Invested Capital (ROIC)
8.04%
TTM Avg
5.20%
3Y Avg
0.31%
5Y Avg
2.23%
Market Cap
$117.98B
Return on Invested Capital (ROIC)
34.45%
TTM Avg
32.83%
3Y Avg
31.76%
5Y Avg
28.00%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Costco Wholesale Corporation (COST) | $398.80B | 19.01% | 19.34% | 19.74% | 18.45% |
| The Coca-Cola Company (KO)vs › | $380.88B | 13.91% | 11.75% | 11.72% | 11.10% |
| The Procter & Gamble Company (PG)vs › | $351.98B | 15.78% | 16.14% | 15.75% | 15.70% |
| Philip Morris International Inc. (PM)vs › | $302.34B | 26.30% | 25.50% | 23.51% | 27.79% |
| Nestlé S.A. (NSRGY)vs › | $244.28B | 10.80% | 10.70% | 10.55% | 10.64% |
| PepsiCo, Inc. (PEP)vs › | $184.79B | 13.22% | 13.62% | 13.51% | 12.88% |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $158.26B | 6.32% | 6.28% | 6.18% | 5.47% |
| British American Tobacco p.l.c. (BTI)vs › | $121.59B | 8.04% | 5.20% | 0.31% | 2.23% |
| Altria Group, Inc. (MO)vs › | $117.98B | 34.45% | 32.83% | 31.76% | 28.00% |
| Monster Beverage Corporation (MNST)vs › | $87.84B | 21.32% | 21.92% | 19.60% | 20.74% |
ROIC
19.0%
ROE
26.4%
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) |
|---|---|
| 2026-05-10 | 19.01% |
| 2026-02-15 | 19.07% |
| 2025-11-23 | 19.41% |
| 2025-08-31 | 19.26% |
| 2025-05-11 | 19.93% |
| 2025-02-16 | 20.21% |
| 2024-11-24 | 20.57% |
| 2024-09-01 | 20.37% |
| 2024-05-12 | 20.07% |
| 2024-02-18 | 19.46% |
| 2023-11-26 | 16.21% |
| 2023-08-31 | 16.48% |
| 2023-05-07 | 16.70% |
| 2023-02-12 | 17.33% |
| 2022-11-20 | 17.82% |
| 2022-08-31 | 18.24% |
| 2022-05-08 | 17.76% |
| 2022-02-13 | 17.75% |
| 2021-11-21 | 16.62% |
| 2021-08-31 | 16.65% |
| 2021-05-09 | 16.57% |
| 2021-02-14 | 15.78% |
| 2020-11-22 | 16.07% |
| 2020-08-31 | 13.34% |
| 2020-05-10 | 12.31% |
| 2020-02-16 | 14.29% |
| 2019-11-24 | 13.97% |
| 2019-08-31 | 15.43% |
| 2019-05-12 | 16.12% |
| 2019-02-17 | 15.83% |
| 2018-11-25 | 15.62% |
| 2018-08-31 | 15.27% |
| 2018-05-13 | 15.39% |
| 2018-02-18 | 15.45% |
| 2017-11-26 | 15.08% |
| 2017-08-31 | 14.59% |
| 2017-05-07 | 16.90% |
| 2017-02-12 | 12.91% |
| 2016-11-20 | 13.37% |
| 2016-08-31 | 12.90% |
| 2016-05-08 | 13.27% |
| 2016-02-14 | 13.89% |
| 2015-11-22 | 13.09% |
| 2015-08-31 | 13.64% |
| 2015-05-10 | 13.10% |
| 2015-02-15 | 13.94% |
| 2014-11-23 | 11.64% |
| 2014-08-31 | 11.30% |
| 2014-05-11 | 11.20% |
| 2014-02-16 | 11.31% |
| 2013-11-24 | 11.98% |
| 2013-08-31 | 12.11% |
| 2013-05-12 | 12.44% |
| 2013-02-17 | 12.33% |
| 2012-11-25 | 12.22% |
| 2012-08-31 | 11.84% |
| 2012-05-06 | 10.63% |
| 2012-02-12 | 9.96% |
| 2011-11-20 | 9.94% |
| 2011-08-31 | 10.11% |
| 2011-05-08 | 9.91% |
| 2011-02-13 | 9.96% |
| 2010-11-21 | 9.68% |
| 2010-08-31 | 9.71% |
| 2010-05-09 | 9.34% |
| 2010-02-14 | 8.72% |
| 2009-11-22 | 8.53% |
| 2009-08-31 | 8.80% |
| 2009-05-10 | 9.37% |
| 2009-02-15 | 10.15% |
| 2008-11-23 | 10.97% |
| 2008-08-31 | 10.57% |
| 2008-05-11 | 10.39% |
| 2008-02-17 | 9.81% |
| 2007-11-25 | 9.28% |
| 2007-08-31 | 9.14% |
| 2007-05-13 | 9.02% |
| 2007-02-18 | 10.25% |
| 2006-11-26 | 10.57% |
| 2006-08-31 | 10.21% |
| 2006-05-07 | 10.10% |
| 2006-02-12 | 10.07% |
| 2005-11-20 | 10.25% |
| 2005-08-31 | 10.16% |
| 2005-05-08 | 9.48% |
| 2005-02-13 | 9.71% |
| 2004-11-21 | 9.31% |
| 2004-08-31 | 9.44% |
| 2004-05-09 | 9.31% |
| 2004-02-15 | 8.89% |
| 2003-11-23 | 8.75% |
| 2003-08-31 | 8.75% |
| 2003-05-11 | 9.11% |
