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 13.29% is in line with its 5-year average of 12.79%, near the high end of its 5-year range (10.81%–13.93%).
As of the fiscal period ended Saturday, December 27, 2025. 1.63% below its 12-month average of 13.51%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
13.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
13.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
13.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
12.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
12.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
13.41%
CURRENT VS TTM AVG
-1.63%
CURRENT VS 3Y AVG
-0.84%
CURRENT VS 5Y AVG
+3.92%
CURRENT VS 10Y AVG
+5.65%
CURRENT VS 15Y AVG
+11.37%
CURRENT VS 20Y AVG
-0.87%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.90%
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
+49.33%
vs the sector median at left
PepsiCo, Inc.
Market Cap
$190.64B
Return on Invested Capital (ROIC)
13.29%
TTM Avg
13.51%
3Y Avg
13.40%
5Y Avg
12.79%
Market Cap
$170.32B
Return on Invested Capital (ROIC)
6.32%
TTM Avg
6.27%
3Y Avg
6.16%
5Y Avg
5.06%
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
$297.41B
Return on Invested Capital (ROIC)
25.56%
TTM Avg
25.50%
3Y Avg
23.51%
5Y Avg
27.79%
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
$48.51B
Return on Invested Capital (ROIC)
9.45%
TTM Avg
7.99%
3Y Avg
7.63%
5Y Avg
6.44%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| PepsiCo, Inc. (PEP) | $190.64B | 13.29% | 13.51% | 13.40% | 12.79% |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $170.32B | 6.32% | 6.27% | 6.16% | 5.06% |
| Altria Group, Inc. (MO)vs › | $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% |
| Philip Morris International Inc. (PM)vs › | $297.41B | 25.56% | 25.50% | 23.51% | 27.79% |
| 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% |
| 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% |
ROIC
13.3%
ROE
47.5%
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) |
|---|---|
| 2025-12-27 | 13.29% |
| 2024-12-31 | 13.73% |
| 2023-12-31 | 12.66% |
| 2022-12-31 | 13.93% |
| 2021-12-31 | 12.31% |
| 2020-12-31 | 10.81% |
| 2019-12-31 | 13.22% |
| 2018-12-31 | 16.98% |
| 2017-12-31 | 8.11% |
| 2016-12-31 | 12.34% |
| 2015-12-31 | 10.99% |
| 2014-12-31 | 12.48% |
| 2013-12-31 | 11.41% |
| 2012-12-31 | 10.93% |
| 2011-12-31 | 11.56% |
| 2010-12-31 | 11.22% |
| 2009-12-31 | 18.87% |
| 2008-12-31 | 18.50% |
| 2007-12-31 | 19.78% |
| 2006-12-31 | 22.48% |
| 2005-12-31 | 15.01% |
| 2004-12-31 | 17.76% |
| 2003-12-31 | 17.52% |
| 2002-12-31 | 16.16% |
| 2001-12-31 | 14.04% |
| 2000-12-31 | 15.97% |
| 1999-12-31 | 14.58% |
| 1998-12-31 | 13.55% |
| 1997-12-31 | 12.03% |
| 1996-12-31 | 8.55% |
