Basis: Latest reported fiscal year. 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 34.32% is 21% above its 5-year average of 28.31%, near the high end of its 5-year range (17.64%–34.32%).
As of the fiscal period ended Wednesday, December 31, 2025. 1.66% above its 12-month average of 33.76%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
34.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
33.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
32.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
28.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
18.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
21.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
18.64%
CURRENT VS TTM AVG
+1.66%
CURRENT VS 3Y AVG
+6.50%
CURRENT VS 5Y AVG
+21.21%
CURRENT VS 10Y AVG
+84.81%
CURRENT VS 15Y AVG
+58.40%
CURRENT VS 20Y AVG
+84.09%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.90%
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
+285.62%
vs the sector median at left
Altria Group, Inc.
Market Cap
$114.07B
Return on Invested Capital (ROIC)
34.32%
TTM Avg
33.76%
3Y Avg
32.23%
5Y Avg
28.31%
Market Cap
$94.26B
Return on Invested Capital (ROIC)
21.74%
TTM Avg
21.92%
3Y Avg
19.60%
5Y Avg
20.74%
Market Cap
$79.53B
Return on Invested Capital (ROIC)
5.13%
TTM Avg
7.29%
3Y Avg
6.73%
5Y Avg
6.45%
Market Cap
$73.06B
Return on Invested Capital (ROIC)
30.34%
TTM Avg
30.45%
3Y Avg
27.00%
5Y Avg
26.68%
Market Cap
$65.62B
Return on Invested Capital (ROIC)
9.76%
TTM Avg
10.43%
3Y Avg
10.92%
5Y Avg
12.67%
Market Cap
$167.00B
Return on Invested Capital (ROIC)
6.32%
TTM Avg
6.27%
3Y Avg
6.16%
5Y Avg
5.06%
Market Cap
$48.51B
Return on Invested Capital (ROIC)
9.45%
TTM Avg
7.99%
3Y Avg
7.63%
5Y Avg
6.44%
Market Cap
$42.34B
Return on Invested Capital (ROIC)
5.62%
TTM Avg
5.39%
3Y Avg
5.34%
5Y Avg
5.09%
Market Cap
$40.76B
Return on Invested Capital (ROIC)
13.03%
TTM Avg
14.02%
3Y Avg
14.34%
5Y Avg
13.24%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Altria Group, Inc. (MO) | $114.07B | 34.32% | 33.76% | 32.23% | 28.31% |
| Monster Beverage Corporation (MNST)vs › | $94.26B | 21.74% | 21.92% | 19.60% | 20.74% |
| Mondelez International, Inc. (MDLZ)vs › | $79.53B | 5.13% | 7.29% | 6.73% | 6.45% |
| Colgate-Palmolive Company (CL)vs › | $73.06B | 30.34% | 30.45% | 27.00% | 26.68% |
| Target Corporation (TGT)vs › | $65.62B | 9.76% | 10.43% | 10.92% | 12.67% |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $167.00B | 6.32% | 6.27% | 6.16% | 5.06% |
| Coca-Cola Europacific Partners PLC (CCEP)vs › | $48.51B | 9.45% | 7.99% | 7.63% | 6.44% |
| Keurig Dr Pepper Inc. (KDP)vs › | $42.34B | 5.62% | 5.39% | 5.34% | 5.09% |
| Sysco Corporation (SYY)vs › | $40.76B | 13.03% | 14.02% | 14.34% | 13.24% |
| Archer-Daniels-Midland Company (ADM)vs › | $38.20B | 3.51% | 4.01% | 6.61% | 6.37% |
ROIC
34.3%
ROE
-198.4%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 34.32% |
| 2024-12-31 | 33.20% |
| 2023-12-31 | 30.28% |
| 2022-12-31 | 31.10% |
| 2021-12-31 | 23.35% |
| 2020-12-31 | 17.64% |
| 2019-12-31 | -41.56% |
| 2018-12-31 | 14.08% |
| 2017-12-31 | 25.74% |
| 2016-12-31 | 14.81% |
| 2015-12-31 | 21.31% |
| 2014-12-31 | 17.87% |
| 2013-12-31 | 18.64% |
| 2012-12-31 | 16.41% |
| 2011-12-31 | 12.33% |
| 2010-12-31 | 13.91% |
| 2009-12-31 | 12.20% |
| 2008-12-31 | 15.59% |
| 2007-12-31 | 7.05% |
| 2006-12-31 | 3.64% |
| 2005-12-31 | 9.40% |
| 2004-12-31 | 12.45% |
| 2003-12-31 | 13.13% |
| 2002-12-31 | 15.07% |
| 2001-12-31 | 14.40% |
| 2000-12-31 | 14.54% |
| 1999-12-31 | 17.88% |
| 1998-12-31 | 17.32% |
| 1997-12-31 | 18.34% |
| 1996-12-31 | 16.49% |
