The Coca-Cola Company(KO)
Beverages - Non-Alcoholic · Atlanta, GA
$88.36+0.29 (+0.33%)
At close: Sep 8, 2026 (market close, ET)
Beverages - Non-Alcoholic · Atlanta, GA
At close: Sep 8, 2026 (market close, ET)
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 13.91% is 25% above its 5-year average of 11.15%, near the high end of its 5-year range (9.64%–13.91%).
As of the fiscal period ended Friday, July 3, 2026. 2.08% above its 12-month average of 13.63%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
13.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
13.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
9.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.15%
CURRENT VS TTM AVG
+2.08%
CURRENT VS 3Y AVG
+16.56%
CURRENT VS 5Y AVG
+24.74%
CURRENT VS 10Y AVG
+33.12%
CURRENT VS 15Y AVG
+39.78%
CURRENT VS 20Y AVG
+24.72%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.18%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
+69.94%
vs the sector median at left
The Coca-Cola Company
Market Cap
$380.17B
Return on Invested Capital (ROIC)
13.91%
TTM Avg
13.63%
3Y Avg
11.93%
5Y Avg
11.15%
Market Cap
$189.12B
Return on Invested Capital (ROIC)
13.22%
TTM Avg
13.62%
3Y Avg
13.51%
5Y Avg
12.88%
Market Cap
$84.40B
Return on Invested Capital (ROIC)
21.32%
TTM Avg
21.92%
3Y Avg
19.60%
5Y Avg
20.74%
Market Cap
$44.29B
Return on Invested Capital (ROIC)
3.36%
TTM Avg
5.41%
3Y Avg
5.36%
5Y Avg
5.11%
Market Cap
$20.66B
Return on Invested Capital (ROIC)
10.85%
TTM Avg
14.39%
3Y Avg
11.61%
5Y Avg
10.32%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Coca-Cola Company (KO) | $380.17B | 13.91% | 13.63% | 11.93% | 11.15% |
| PepsiCo, Inc. (PEP)vs › | $189.12B | 13.22% | 13.62% | 13.51% | 12.88% |
| Monster Beverage Corporation (MNST)vs › | $84.40B | 21.32% | 21.92% | 19.60% | 20.74% |
| Keurig Dr Pepper Inc. (KDP)vs › | $44.29B | 3.36% | 5.41% | 5.36% | 5.11% |
| Constellation Brands, Inc. (STZ)vs › | $20.66B | 10.85% | 14.39% | 11.61% | 10.32% |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $157.02B | 6.32% | 6.28% | 6.18% | 5.47% |
ROIC
13.9%
ROE
39.6%
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) |
|---|---|
| 2026-07-03 | 13.91% |
| 2026-04-03 | 13.88% |
| 2025-12-31 | 13.00% |
| 2025-09-26 | 13.71% |
| 2025-06-27 | 12.29% |
| 2025-03-28 | 11.22% |
| 2024-12-31 | 10.50% |
| 2024-09-27 | 9.64% |
| 2024-06-28 | 10.95% |
| 2024-03-29 | 10.84% |
| 2023-12-31 | 11.59% |
| 2023-09-29 | 11.66% |
| 2023-06-30 | 11.11% |
| 2023-03-31 | 10.90% |
| 2022-12-31 | 11.79% |
| 2022-09-30 | 11.47% |
| 2022-07-01 | 10.82% |
| 2022-04-01 | 10.84% |
| 2021-12-31 | 10.29% |
| 2021-10-01 | 10.65% |
| 2021-07-02 | 9.97% |
| 2021-04-02 | 9.07% |
| 2020-12-31 | 9.47% |
| 2020-09-25 | 8.99% |
| 2020-06-26 | 9.40% |
| 2020-03-27 | 10.80% |
| 2019-12-31 | 11.21% |
| 2019-09-27 | 10.88% |
| 2019-06-28 | 10.38% |
| 2019-03-29 | 9.98% |
| 2018-12-31 | 9.52% |
| 2018-09-28 | 6.26% |
| 2018-06-29 | 5.82% |
| 2018-03-30 | 5.04% |
| 2017-12-31 | 5.39% |
| 2017-09-29 | 6.88% |
| 2017-06-30 | 6.51% |
| 2017-03-31 | 8.67% |
| 2016-12-31 | 9.05% |
| 2016-09-30 | 8.50% |
| 2016-07-01 | 8.63% |
| 2016-04-01 | 8.20% |
| 2015-12-31 | 8.49% |
| 2015-10-02 | 8.00% |
| 2015-07-03 | 8.14% |
| 2015-04-03 | 9.19% |
| 2014-12-31 | 9.01% |
| 2014-09-26 | 9.35% |
| 2014-06-27 | 8.99% |
| 2014-03-28 | 9.41% |
| 2013-12-31 | 9.59% |
| 2013-09-27 | 9.96% |
| 2013-06-28 | 10.37% |
| 2013-03-29 | 10.50% |
| 2012-12-31 | 10.88% |
| 2012-09-28 | 10.55% |
| 2012-06-29 | 10.75% |
| 2012-03-30 | 10.62% |
| 2011-12-31 | 10.87% |
| 2011-09-30 | 10.78% |
| 2011-07-01 | 10.45% |
| 2011-04-01 | 10.55% |
| 2010-12-31 | 11.03% |
| 2010-10-01 | 15.23% |
| 2010-07-02 | 16.43% |
| 2010-04-02 | 16.05% |
| 2009-12-31 | 15.22% |
| 2009-10-02 | 15.89% |
| 2009-07-03 | 16.30% |
| 2009-03-31 | 17.67% |
| 2008-12-31 | 19.40% |
| 2008-09-26 | 15.68% |
| 2008-06-27 | 15.35% |
| 2008-03-28 | 14.85% |
| 2007-12-31 | 15.26% |
| 2007-09-28 | 15.50% |
| 2007-06-29 | 15.81% |
| 2007-03-30 | 18.66% |
| 2006-12-31 | 20.01% |
| 2006-09-29 | 18.83% |
| 2006-06-30 | 18.78% |
| 2006-03-31 | 18.74% |
| 2005-12-31 | 18.36% |
| 2005-09-30 | 19.87% |
| 2005-07-01 | 18.07% |
| 2005-03-31 | 16.02% |
| 2004-12-31 | 16.83% |
| 2004-09-30 | 17.21% |
| 2004-06-30 | 18.57% |
| 2004-03-31 | 18.34% |
| 2003-12-31 | 18.47% |
| 2003-09-30 | 18.14% |
| 2003-06-30 | 17.36% |