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 37.32% is in line with its 5-year average of 35.52%, around the middle of its 5-year range (24.52%–52.93%).
As of the fiscal period ended Saturday, August 1, 2026. 26.72% above its 12-month average of 29.45%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q1 FY2027 (2026-08-01): 37.32%.
RETURN ON INVESTED CAPITAL (ROIC)
37.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
29.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
32.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
35.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
36.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
33.66%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
29.72%
CURRENT VS TTM AVG
+26.72%
CURRENT VS 3Y AVG
+14.31%
CURRENT VS 5Y AVG
+5.07%
CURRENT VS 10Y AVG
+3.32%
CURRENT VS 15Y AVG
+10.86%
CURRENT VS 20Y AVG
+25.55%
SECTOR MEDIAN · CONSUMER DEFENSIVE
5.41%
median of 111 covered companies
CURRENT VS SECTOR MEDIAN
+589.78%
vs the sector median at left
National Beverage Corp.
Market Cap
$2.79B
Return on Invested Capital (ROIC)
37.32%
TTM Avg
29.45%
3Y Avg
32.65%
5Y Avg
35.52%
Market Cap
$2.82B
Return on Invested Capital (ROIC)
5.71%
TTM Avg
6.47%
3Y Avg
7.51%
5Y Avg
6.73%
Market Cap
$2.73B
Return on Invested Capital (ROIC)
17.37%
TTM Avg
16.62%
3Y Avg
14.98%
5Y Avg
14.16%
Market Cap
$3.01B
Return on Invested Capital (ROIC)
6.02%
TTM Avg
4.06%
3Y Avg
0.23%
5Y Avg
-0.50%
Market Cap
$3.05B
Return on Invested Capital (ROIC)
0.52%
TTM Avg
25.46%
3Y Avg
26.07%
5Y Avg
18.52%
Market Cap
$2.48B
Return on Invested Capital (ROIC)
5.88%
TTM Avg
5.59%
3Y Avg
5.59%
5Y Avg
6.33%
Market Cap
$2.46B
Return on Invested Capital (ROIC)
5.88%
TTM Avg
5.59%
3Y Avg
5.59%
5Y Avg
6.33%
Market Cap
$3.18B
Return on Invested Capital (ROIC)
25.00%
TTM Avg
20.46%
3Y Avg
16.20%
5Y Avg
17.97%
Market Cap
$2.39B
Return on Invested Capital (ROIC)
3.75%
TTM Avg
0.75%
3Y Avg
2.18%
5Y Avg
1.64%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| National Beverage Corp. (FIZZ) | $2.79B | 37.32% | 29.45% | 32.65% | 35.52% |
| Tootsie Roll Industries, Inc. (TR)vs › | $2.82B | 5.71% | 6.47% | 7.51% | 6.73% |
| The Marzetti Company (MZTI)vs › | $2.73B | 17.37% | 16.62% | 14.98% | 14.16% |
| Freshpet, Inc. (FRPT)vs › | $3.01B | 6.02% | 4.06% | 0.23% | -0.50% |
| Cal-Maine Foods, Inc. (CALM)vs › | $3.05B | 0.52% | 25.46% | 26.07% | 18.52% |
| Central Garden & Pet Company (CENT)vs › | $2.48B | 5.88% | 5.59% | 5.59% | 6.33% |
| Central Garden & Pet Company (CENTA)vs › | $2.46B | 5.88% | 5.59% | 5.59% | 6.33% |
| The Vita Coco Company, Inc. (COCO)vs › | $3.18B | 25.00% | 20.46% | 16.20% | 17.97% |
| Coty Inc. (COTY)vs › | $2.39B | 3.75% | 0.75% | 2.18% | 1.64% |
| Post Holdings, Inc. (POST)vs › | $3.29B | 5.40% | 5.34% | 4.71% | 4.52% |
ROIC
37.3%
ROE
47.6%
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) |
|---|---|
| 2026-08-01 | 37.32% |
| 2026-05-02 | 24.52% |
| 2026-01-31 | 26.41% |
| 2025-11-01 | 28.46% |
| 2025-08-02 | 30.54% |
| 2025-04-30 | 33.79% |
| 2025-01-25 | 37.22% |
| 2024-10-26 | 41.37% |
| 2024-07-27 | 46.66% |
| 2024-04-30 | 26.83% |
| 2024-01-27 | 28.34% |
| 2023-10-28 | 30.29% |
| 2023-07-29 | 32.03% |
| 2023-04-30 | 33.10% |
| 2023-01-28 | 34.91% |
| 2022-10-29 | 38.90% |
| 2022-07-30 | 43.40% |
| 2022-04-30 | 49.21% |
| 2022-01-29 | 52.93% |
| 2021-10-30 | 34.09% |
| 2021-07-31 | 38.49% |
| 2021-04-30 | 42.41% |
| 2021-01-30 | 46.39% |
| 2020-10-31 | 26.08% |
| 2020-08-01 | 25.64% |
| 2020-04-30 | 25.08% |
| 2020-01-25 | 24.40% |
| 2019-10-26 | 25.13% |
| 2019-07-27 | 28.56% |
| 2019-04-30 | 38.80% |
| 2019-01-26 | 45.07% |
| 2018-10-27 | 37.50% |
| 2018-07-28 | 39.49% |
| 2018-04-30 | 42.00% |
| 2018-01-27 | 45.73% |
| 2017-10-28 | 45.78% |
| 2017-07-29 | 49.52% |
| 2017-04-30 | 39.44% |
| 2017-01-28 | 39.96% |
| 2016-10-29 | 28.89% |
| 2016-07-30 | 28.23% |
| 2016-04-30 | 26.72% |
| 2016-01-30 | 25.92% |
| 2015-10-31 | 26.52% |
| 2015-08-01 | 26.77% |
| 2015-04-30 | 26.90% |
| 2015-01-31 | 28.20% |
| 2014-11-01 | 27.69% |
| 2014-08-02 | 28.83% |
| 2014-04-30 | 28.14% |
| 2014-01-25 | 27.35% |
| 2013-10-26 | 28.61% |
| 2013-07-27 | 29.69% |
| 2013-04-30 | 32.56% |
| 2013-01-26 | 32.49% |
| 2012-10-27 | 26.54% |
| 2012-07-28 | 28.07% |
| 2012-04-30 | 30.05% |
| 2012-01-28 | 32.04% |
| 2011-10-29 | 33.70% |
| 2011-07-30 | 35.35% |
| 2011-04-30 | 38.09% |
| 2011-01-29 | 41.21% |
| 2010-10-30 | 19.33% |
| 2010-07-31 | 19.69% |
| 2010-04-30 | 19.66% |
| 2010-01-30 | 19.60% |
| 2009-10-31 | 13.32% |
| 2009-08-01 | 12.72% |
| 2009-04-30 | 12.27% |
| 2009-01-31 | 11.86% |
| 2008-11-01 | 12.06% |
| 2008-08-02 | 12.57% |
| 2008-04-30 | 12.78% |
| 2008-01-26 | 13.12% |
| 2007-10-27 | 13.20% |
| 2007-07-28 | 13.25% |
| 2007-04-30 | 12.70% |
| 2007-01-27 | 12.84% |
| 2006-10-28 | 12.54% |
| 2006-07-29 | 12.34% |
| 2006-04-30 | 13.19% |
| 2006-01-28 | 12.76% |
| 2005-10-29 | 9.50% |
| 2005-07-30 | 9.59% |
| 2005-04-30 | 9.71% |
| 2005-01-29 | 11.55% |
| 2004-10-30 | 12.14% |
| 2004-07-31 | 12.40% |
| 2004-04-30 | 12.86% |
| 2004-01-31 | 10.35% |
| 2003-11-01 | 10.25% |
| 2003-08-02 | 10.38% |
