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 17.37% is 27% above its 5-year average of 13.70%, near the high end of its 5-year range (9.65%–17.37%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.44% above its 12-month average of 16.01%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q4 FY2026 (2026-06-30): 17.37%.
RETURN ON INVESTED CAPITAL (ROIC)
17.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
16.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
14.66%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
13.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
15.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
16.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
16.45%
CURRENT VS TTM AVG
+8.44%
CURRENT VS 3Y AVG
+18.49%
CURRENT VS 5Y AVG
+26.75%
CURRENT VS 10Y AVG
+9.85%
CURRENT VS 15Y AVG
+5.53%
CURRENT VS 20Y AVG
+5.58%
SECTOR MEDIAN · CONSUMER DEFENSIVE
7.21%
median of 56 covered companies
CURRENT VS SECTOR MEDIAN
+140.70%
vs the sector median at left
The Marzetti Company
Market Cap
$2.73B
Return on Invested Capital (ROIC)
17.37%
TTM Avg
16.01%
3Y Avg
14.66%
5Y Avg
13.70%
Market Cap
$2.85B
Return on Invested Capital (ROIC)
5.71%
TTM Avg
6.47%
3Y Avg
7.51%
5Y Avg
6.73%
Market Cap
$2.34B
Return on Invested Capital (ROIC)
3.75%
TTM Avg
0.75%
3Y Avg
2.18%
5Y Avg
1.64%
Market Cap
$3.13B
Return on Invested Capital (ROIC)
0.52%
TTM Avg
25.46%
3Y Avg
26.07%
5Y Avg
18.52%
Market Cap
$3.29B
Return on Invested Capital (ROIC)
5.40%
TTM Avg
5.34%
3Y Avg
4.71%
5Y Avg
4.52%
Market Cap
$3.35B
Return on Invested Capital (ROIC)
16.10%
TTM Avg
14.89%
3Y Avg
12.38%
5Y Avg
10.74%
Market Cap
$1.47B
Return on Invested Capital (ROIC)
4.86%
TTM Avg
6.24%
3Y Avg
6.59%
5Y Avg
5.93%
Market Cap
$1.18B
Return on Invested Capital (ROIC)
5.41%
TTM Avg
6.58%
3Y Avg
6.87%
5Y Avg
7.43%
Market Cap
$1.08B
Return on Invested Capital (ROIC)
-0.55%
TTM Avg
19.34%
3Y Avg
18.35%
5Y Avg
18.43%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Marzetti Company (MZTI) | $2.73B | 17.37% | 16.01% | 14.66% | 13.70% |
| Tootsie Roll Industries, Inc. (TR)vs › | $2.85B | 5.71% | 6.47% | 7.51% | 6.73% |
| Coty Inc. (COTY)vs › | $2.34B | 3.75% | 0.75% | 2.18% | 1.64% |
| Cal-Maine Foods, Inc. (CALM)vs › | $3.13B | 0.52% | 25.46% | 26.07% | 18.52% |
| Post Holdings, Inc. (POST)vs › | $3.29B | 5.40% | 5.34% | 4.71% | 4.52% |
| Stride, Inc. (LRN)vs › | $3.35B | 16.10% | 14.89% | 12.38% | 10.74% |
| J&J Snack Foods Corp. (JJSF)vs › | $1.47B | 4.86% | 6.24% | 6.59% | 5.93% |
| Flowers Foods, Inc. (FLO)vs › | $1.18B | 5.41% | 6.58% | 6.87% | 7.43% |
| Oddity Tech Ltd. (ODD)vs › | $1.08B | -0.55% | 19.34% | 18.35% | 18.43% |
| Universal Corporation (UVV)vs › | $1.05B | 3.56% | 5.67% | 6.27% | 5.92% |
ROIC
17.4%
ROE
19.2%
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 | 17.37% |
| 2026-03-31 | 14.98% |
| 2025-12-31 | 15.43% |
| 2025-09-30 | 16.19% |
| 2025-06-30 | 16.10% |
| 2025-03-31 | 16.01% |
| 2024-12-31 | 15.10% |
| 2024-09-30 | 14.74% |
| 2024-06-30 | 15.04% |
| 2024-03-31 | 13.15% |
| 2023-12-31 | 12.80% |
| 2023-09-30 | 11.98% |
| 2023-06-30 | 11.64% |
| 2023-03-31 | 13.56% |
| 2022-12-31 | 10.63% |
| 2022-09-30 | 10.25% |
| 2022-06-30 | 9.65% |
| 2022-03-31 | 9.97% |
| 2021-12-31 | 13.26% |
| 2021-09-30 | 14.54% |
| 2021-06-30 | 15.36% |
| 2021-03-31 | 15.38% |
| 2020-12-31 | 14.66% |
| 2020-09-30 | 14.92% |
| 2020-06-30 | 15.52% |
| 2020-03-31 | 15.96% |
| 2019-12-31 | 16.96% |
| 2019-09-30 | 18.00% |
| 2019-06-30 | 18.71% |
| 2019-03-31 | 18.83% |
| 2018-12-31 | 18.82% |
| 2018-09-30 | 19.42% |
| 2018-06-30 | 18.76% |
| 2018-03-31 | 18.78% |
| 2017-12-31 | 17.24% |
| 2017-09-30 | 16.91% |
| 2017-06-30 | 17.95% |
| 2017-03-31 | 18.90% |
| 2016-12-31 | 21.19% |
| 2016-09-30 | 21.93% |
| 2016-06-30 | 21.67% |
| 2016-03-31 | 21.48% |
| 2015-12-31 | 20.53% |
| 2015-09-30 | 16.27% |
| 2015-06-30 | 16.24% |
| 2015-03-31 | 15.83% |
| 2014-12-31 | 15.91% |
| 2014-09-30 | 17.23% |
| 2014-06-30 | 17.79% |
| 2014-03-31 | 18.92% |
| 2013-12-31 | 18.46% |
| 2013-09-30 | 19.01% |
| 2013-06-30 | 19.91% |
| 2013-03-31 | 20.56% |
| 2012-12-31 | 20.51% |
| 2012-09-30 | 15.86% |
| 2012-06-30 | 15.41% |
| 2012-03-31 | 15.13% |
| 2011-12-31 | 15.59% |
| 2011-09-30 | 17.23% |
| 2011-06-30 | 17.73% |
| 2011-03-31 | 18.96% |
| 2010-12-31 | 19.77% |
| 2010-09-30 | 21.15% |
| 2010-06-30 | 22.49% |
| 2010-03-31 | 24.14% |
| 2009-12-31 | 24.31% |
| 2009-09-30 | 22.62% |
| 2009-06-30 | 19.89% |
| 2009-03-31 | 15.58% |
| 2008-12-31 | 12.10% |
| 2008-09-30 | 9.47% |
| 2008-06-30 | 10.80% |
| 2008-03-31 | 12.42% |
| 2007-12-31 | 13.44% |
| 2007-09-30 | 13.12% |
| 2007-06-30 | 13.74% |
| 2007-03-31 | 13.92% |
| 2006-12-31 | 13.19% |
| 2006-09-30 | 13.54% |
| 2006-06-30 | 13.85% |
| 2006-03-31 | 13.01% |
| 2005-12-31 | 13.26% |
| 2005-09-30 | 11.63% |
| 2005-06-30 | 11.82% |
| 2005-03-31 | 11.55% |
| 2004-12-31 | 11.31% |
| 2004-09-30 | 12.29% |
| 2004-06-30 | 12.53% |
| 2004-03-31 | 13.19% |
| 2003-12-31 | 13.75% |
| 2003-09-30 | 14.48% |
| 2003-06-30 | 14.95% |
