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 3.16% is 52% below its 5-year average of 6.54%, near the low end of its 5-year range (3.16%–8.75%).
As of the fiscal period ended Sunday, July 26, 2026. 21.05% below its 12-month average of 4.00%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
3.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
12.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
12.40%
CURRENT VS TTM AVG
-21.05%
CURRENT VS 3Y AVG
-36.48%
CURRENT VS 5Y AVG
-51.73%
CURRENT VS 10Y AVG
-70.97%
CURRENT VS 15Y AVG
-74.11%
CURRENT VS 20Y AVG
-74.54%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.18%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
-61.41%
vs the sector median at left
Hormel Foods Corporation
Market Cap
$11.68B
Return on Invested Capital (ROIC)
3.16%
TTM Avg
4.00%
3Y Avg
4.97%
5Y Avg
6.54%
Market Cap
$11.08B
Return on Invested Capital (ROIC)
20.67%
TTM Avg
22.68%
3Y Avg
17.92%
5Y Avg
17.53%
Market Cap
$12.47B
Return on Invested Capital (ROIC)
13.69%
TTM Avg
13.07%
3Y Avg
12.75%
5Y Avg
13.99%
Market Cap
$13.32B
Return on Invested Capital (ROIC)
6.96%
TTM Avg
2.54%
3Y Avg
2.92%
5Y Avg
4.02%
Market Cap
$13.95B
Return on Invested Capital (ROIC)
6.16%
TTM Avg
7.89%
3Y Avg
7.26%
5Y Avg
7.39%
Market Cap
$8.66B
Return on Invested Capital (ROIC)
9.90%
TTM Avg
9.28%
3Y Avg
6.44%
5Y Avg
6.44%
Market Cap
$7.56B
Return on Invested Capital (ROIC)
5.33%
TTM Avg
9.14%
3Y Avg
4.96%
5Y Avg
4.24%
Market Cap
$7.31B
Return on Invested Capital (ROIC)
-10.93%
TTM Avg
-10.93%
3Y Avg
-0.31%
5Y Avg
1.66%
Market Cap
$7.28B
Return on Invested Capital (ROIC)
-11.90%
TTM Avg
-2.96%
3Y Avg
-0.13%
5Y Avg
0.44%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Hormel Foods Corporation (HRL) | $11.68B | 3.16% | 4.00% | 4.97% | 6.54% |
| The Clorox Company (CLX)vs › | $11.08B | 20.67% | 22.68% | 17.92% | 17.53% |
| Brown-Forman Corporation (BF-B)vs › | $12.47B | 13.69% | 13.07% | 12.75% | 13.99% |
| The J. M. Smucker Company (SJM)vs › | $13.32B | 6.96% | 2.54% | 2.92% | 4.02% |
| McCormick & Company, Incorporated (MKC)vs › | $13.95B | 6.16% | 7.89% | 7.26% | 7.39% |
| Smithfield Foods, Inc. (SFD)vs › | $8.66B | 9.90% | 9.28% | 6.44% | 6.44% |
| Celsius Holdings, Inc. (CELH)vs › | $7.56B | 5.33% | 9.14% | 4.96% | 4.24% |
| Conagra Brands, Inc. (CAG)vs › | $7.31B | -10.93% | -10.93% | -0.31% | 1.66% |
| Molson Coors Beverage Company (TAP)vs › | $7.28B | -11.90% | -2.96% | -0.13% | 0.44% |
| Sprouts Farmers Market, Inc. (SFM)vs › | $7.10B | 14.19% | 14.39% | 12.20% | 12.04% |
ROIC
3.2%
ROE
4.4%
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) |
|---|---|
| 2026-07-26 | 3.16% |
| 2026-04-26 | 4.15% |
| 2026-01-25 | 4.38% |
| 2025-10-26 | 4.31% |
| 2024-10-27 | 6.89% |
| 2023-10-29 | 6.94% |
| 2022-10-30 | 8.67% |
| 2022-07-31 | 8.75% |
| 2022-05-01 | 8.47% |
| 2022-01-30 | 8.23% |
| 2021-10-31 | 8.03% |
| 2021-07-25 | 7.69% |
| 2021-04-25 | 9.96% |
| 2021-01-24 | 9.96% |
| 2020-10-31 | 10.35% |
| 2020-07-26 | 10.88% |
| 2020-04-26 | 12.52% |
| 2020-01-26 | 13.23% |
| 2019-10-31 | 13.82% |
| 2019-07-28 | 14.22% |
| 2019-04-28 | 14.41% |
| 2019-01-27 | 13.47% |
| 2018-10-31 | 14.50% |
| 2018-07-29 | 14.06% |
| 2018-04-29 | 13.74% |
| 2018-01-28 | 13.45% |
| 2017-10-31 | 14.34% |
| 2017-07-30 | 15.55% |
| 2017-04-30 | 15.96% |
| 2017-01-29 | 16.38% |
| 2016-10-31 | 16.83% |
| 2016-07-24 | 15.54% |
| 2016-04-24 | 15.32% |
| 2016-01-24 | 15.12% |
| 2015-10-31 | 13.58% |
| 2015-07-26 | 13.05% |
| 2015-04-26 | 14.08% |
| 2015-01-25 | 13.63% |
| 2014-10-31 | 13.60% |
| 2014-07-27 | 13.57% |
| 2014-04-27 | 13.24% |
| 2014-01-26 | 13.17% |
| 2013-10-31 | 12.95% |
| 2013-07-28 | 12.88% |
| 2013-04-28 | 12.86% |
| 2013-01-27 | 13.14% |
| 2012-10-31 | 13.48% |
| 2012-07-29 | 13.41% |
| 2012-04-29 | 13.46% |
| 2012-01-29 | 13.29% |
| 2011-10-31 | 14.28% |
| 2011-07-31 | 14.43% |
| 2011-05-01 | 12.76% |
| 2011-01-30 | 13.08% |
| 2010-10-31 | 12.53% |
| 2010-07-25 | 12.43% |
| 2010-04-25 | 12.23% |
| 2010-01-24 | 12.41% |
| 2009-10-31 | 11.66% |
| 2009-07-26 | 10.77% |
| 2009-04-26 | 10.25% |
| 2009-01-25 | 10.43% |
| 2008-10-31 | 10.92% |
| 2008-07-27 | 11.26% |
| 2008-04-27 | 11.46% |
| 2008-01-27 | 11.53% |
| 2007-10-31 | 11.11% |
| 2007-07-29 | 11.60% |
| 2007-04-29 | 11.79% |
| 2007-01-28 | 11.89% |
| 2006-10-31 | 12.10% |
| 2006-07-30 | 11.92% |
| 2006-04-30 | 11.73% |
| 2006-01-29 | 11.71% |
| 2005-10-31 | 11.69% |
| 2005-07-31 | 11.20% |
| 2005-05-01 | 11.43% |
| 2005-01-30 | 11.79% |
| 2004-10-31 | 11.50% |
| 2004-07-24 | 11.68% |
| 2004-04-24 | 10.70% |
| 2004-01-24 | 10.11% |
| 2003-10-31 | 10.14% |
| 2003-07-26 | 10.46% |
