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 21.32% is in line with its 5-year average of 20.13%, around the middle of its 5-year range (16.48%–24.96%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.29% below its 12-month average of 21.38%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
21.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
21.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
20.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
20.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
21.27%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
22.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
24.10%
CURRENT VS TTM AVG
-0.29%
CURRENT VS 3Y AVG
+3.69%
CURRENT VS 5Y AVG
+5.90%
CURRENT VS 10Y AVG
+0.24%
CURRENT VS 15Y AVG
-4.59%
CURRENT VS 20Y AVG
-11.53%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.18%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
+160.45%
vs the sector median at left
Monster Beverage Corporation
Market Cap
$84.40B
Return on Invested Capital (ROIC)
21.32%
TTM Avg
21.38%
3Y Avg
20.56%
5Y Avg
20.13%
Market Cap
$78.66B
Return on Invested Capital (ROIC)
6.47%
TTM Avg
7.29%
3Y Avg
6.73%
5Y Avg
6.46%
Market Cap
$73.90B
Return on Invested Capital (ROIC)
11.35%
TTM Avg
10.53%
3Y Avg
11.02%
5Y Avg
12.78%
Market Cap
$70.74B
Return on Invested Capital (ROIC)
29.91%
TTM Avg
30.60%
3Y Avg
27.18%
5Y Avg
26.90%
Market Cap
$113.83B
Return on Invested Capital (ROIC)
34.45%
TTM Avg
32.83%
3Y Avg
31.76%
5Y Avg
28.00%
Market Cap
$118.95B
Return on Invested Capital (ROIC)
8.04%
TTM Avg
5.20%
3Y Avg
0.31%
5Y Avg
2.23%
Market Cap
$47.22B
Return on Invested Capital (ROIC)
9.52%
TTM Avg
8.05%
3Y Avg
7.69%
5Y Avg
6.49%
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
$40.73B
Return on Invested Capital (ROIC)
4.89%
TTM Avg
4.03%
3Y Avg
6.66%
5Y Avg
6.42%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Monster Beverage Corporation (MNST) | $84.40B | 21.32% | 21.38% | 20.56% | 20.13% |
| Mondelez International, Inc. (MDLZ)vs › | $78.66B | 6.47% | 7.29% | 6.73% | 6.46% |
| Target Corporation (TGT)vs › | $73.90B | 11.35% | 10.53% | 11.02% | 12.78% |
| Colgate-Palmolive Company (CL)vs › | $70.74B | 29.91% | 30.60% | 27.18% | 26.90% |
| Altria Group, Inc. (MO)vs › | $113.83B | 34.45% | 32.83% | 31.76% | 28.00% |
| British American Tobacco p.l.c. (BTI)vs › | $118.95B | 8.04% | 5.20% | 0.31% | 2.23% |
| Coca-Cola Europacific Partners PLC (CCEP)vs › | $47.22B | 9.52% | 8.05% | 7.69% | 6.49% |
| Keurig Dr Pepper Inc. (KDP)vs › | $44.29B | 3.36% | 5.41% | 5.36% | 5.11% |
| Archer-Daniels-Midland Company (ADM)vs › | $40.73B | 4.89% | 4.03% | 6.66% | 6.42% |
| Sysco Corporation (SYY)vs › | $38.18B | 12.53% | 12.83% | 14.30% | 13.20% |
ROIC
21.3%
ROE
22.7%
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) |
|---|---|
| 2026-06-30 | 21.32% |
| 2026-03-31 | 21.87% |
| 2025-12-31 | 21.74% |
| 2025-09-30 | 21.13% |
| 2025-06-30 | 20.83% |
| 2025-03-31 | 21.22% |
| 2024-12-31 | 22.11% |
| 2024-09-30 | 22.77% |
| 2024-06-30 | 22.78% |
| 2024-03-31 | 17.68% |
| 2023-12-31 | 18.07% |
| 2023-09-30 | 18.31% |
| 2023-06-30 | 17.44% |
| 2023-03-31 | 16.84% |
| 2022-12-31 | 16.48% |
| 2022-09-30 | 17.16% |
| 2022-06-30 | 17.42% |
| 2022-03-31 | 19.02% |
| 2021-12-31 | 20.10% |
| 2021-09-30 | 23.49% |
| 2021-06-30 | 24.96% |
| 2021-03-31 | 25.30% |
| 2020-12-31 | 25.96% |
| 2020-09-30 | 24.25% |
| 2020-06-30 | 25.21% |
| 2020-03-31 | 26.71% |
| 2019-12-31 | 24.45% |
| 2019-09-30 | 24.46% |
| 2019-06-30 | 23.99% |
| 2019-03-31 | 25.59% |
| 2018-12-31 | 25.11% |
| 2018-09-30 | 22.55% |
| 2018-06-30 | 22.94% |
| 2018-03-31 | 20.35% |
| 2017-12-31 | 19.35% |
| 2017-09-30 | 19.32% |
| 2017-06-30 | 18.69% |
| 2017-03-31 | 18.83% |
| 2016-12-31 | 19.45% |
| 2016-09-30 | 18.02% |
| 2016-06-30 | 18.71% |
| 2016-03-31 | 13.25% |
| 2015-12-31 | 10.62% |
| 2015-09-30 | 10.51% |
| 2015-06-30 | 9.09% |
| 2015-03-31 | 25.58% |
| 2014-12-31 | 30.59% |
| 2014-09-30 | 29.24% |
| 2014-06-30 | 29.81% |
| 2014-03-31 | 30.88% |
| 2013-12-31 | 31.15% |
| 2013-09-30 | 31.26% |
| 2013-06-30 | 33.84% |
| 2013-03-31 | 40.33% |
| 2012-12-31 | 45.17% |
| 2012-09-30 | 33.47% |
| 2012-06-30 | 25.54% |
| 2012-03-31 | 25.94% |
| 2011-12-31 | 26.06% |
| 2011-09-30 | 25.70% |
| 2011-06-30 | 23.71% |
| 2011-03-31 | 23.92% |
| 2010-12-31 | 22.14% |
| 2010-09-30 | 24.25% |
| 2010-06-30 | 25.45% |
| 2010-03-31 | 25.94% |
| 2009-12-31 | 29.27% |
| 2009-09-30 | 19.09% |
| 2009-06-30 | 18.53% |
| 2009-03-31 | 18.95% |
| 2008-12-31 | 17.70% |
| 2008-09-30 | 30.61% |
| 2008-06-30 | 32.79% |
| 2008-03-31 | 30.79% |
| 2007-12-31 | 31.13% |
| 2007-09-30 | 29.82% |
| 2007-06-30 | 30.48% |
| 2007-03-31 | 33.57% |
| 2006-12-31 | 38.95% |
| 2006-09-30 | 43.17% |
| 2006-06-30 | 42.56% |
| 2006-03-31 | 47.18% |
| 2005-12-31 | 47.14% |
| 2005-09-30 | 46.02% |
| 2005-06-30 | 41.11% |
| 2005-03-31 | 36.81% |
| 2004-12-31 | 31.95% |
| 2004-09-30 | 26.52% |
| 2004-06-30 | 22.46% |
| 2004-03-31 | 18.23% |
| 2003-12-31 | 15.41% |
| 2003-09-30 | 13.22% |
| 2003-06-30 | 11.71% |
