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 9.90% is in line with its 2-year average of 9.01%, near the high end of its 2-year range (5.70%–9.98%).
As of the fiscal period ended Sunday, June 28, 2026. 3.76% above its 12-month average of 9.55%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
9.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
8.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
7.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.29%
CURRENT VS TTM AVG
+3.76%
CURRENT VS 3Y AVG
+9.87%
CURRENT VS 5Y AVG
+9.87%
CURRENT VS 10Y AVG
+13.54%
CURRENT VS 15Y AVG
+28.55%
CURRENT VS 20Y AVG
+57.43%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.18%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
+21.01%
vs the sector median at left
Smithfield Foods, Inc.
Market Cap
$8.63B
Return on Invested Capital (ROIC)
9.90%
TTM Avg
9.55%
3Y Avg
9.01%
5Y Avg
9.01%
Market Cap
$8.43B
Return on Invested Capital (ROIC)
5.33%
TTM Avg
9.14%
3Y Avg
4.96%
5Y Avg
4.24%
Market Cap
$7.78B
Return on Invested Capital (ROIC)
-11.90%
TTM Avg
-2.96%
3Y Avg
-0.13%
5Y Avg
0.44%
Market Cap
$7.70B
Return on Invested Capital (ROIC)
-10.93%
TTM Avg
-10.93%
3Y Avg
-0.31%
5Y Avg
1.66%
Market Cap
$7.60B
Return on Invested Capital (ROIC)
13.50%
TTM Avg
14.39%
3Y Avg
12.20%
5Y Avg
12.04%
Market Cap
$7.56B
Return on Invested Capital (ROIC)
6.54%
TTM Avg
6.47%
3Y Avg
9.04%
5Y Avg
10.00%
Market Cap
$6.98B
Return on Invested Capital (ROIC)
6.72%
TTM Avg
8.04%
3Y Avg
8.35%
5Y Avg
8.75%
Market Cap
$6.14B
Return on Invested Capital (ROIC)
6.12%
TTM Avg
7.73%
3Y Avg
10.77%
5Y Avg
8.50%
Market Cap
$11.86B
Return on Invested Capital (ROIC)
3.30%
TTM Avg
5.60%
3Y Avg
6.70%
5Y Avg
7.53%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Smithfield Foods, Inc. (SFD) | $8.63B | 9.90% | 9.55% | 9.01% | 9.01% |
| Celsius Holdings, Inc. (CELH)vs › | $8.43B | 5.33% | 9.14% | 4.96% | 4.24% |
| Molson Coors Beverage Company (TAP)vs › | $7.78B | -11.90% | -2.96% | -0.13% | 0.44% |
| Conagra Brands, Inc. (CAG)vs › | $7.70B | -10.93% | -10.93% | -0.31% | 1.66% |
| Sprouts Farmers Market, Inc. (SFM)vs › | $7.60B | 13.50% | 14.39% | 12.20% | 12.04% |
| Lamb Weston Holdings, Inc. (LW)vs › | $7.56B | 6.54% | 6.47% | 9.04% | 10.00% |
| Campbell Soup Company (CPB)vs › | $6.98B | 6.72% | 8.04% | 8.35% | 8.75% |
| e.l.f. Beauty, Inc. (ELF)vs › | $6.14B | 6.12% | 7.73% | 10.77% | 8.50% |
| Hormel Foods Corporation (HRL)vs › | $11.86B | 3.30% | 5.60% | 6.70% | 7.53% |
| The Clorox Company (CLX)vs › | $12.40B | 20.67% | 22.68% | 17.92% | 17.53% |
ROIC
9.9%
ROE
15.1%
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) |
|---|---|
| 2026-06-28 | 9.90% |
| 2026-03-29 | 9.98% |
| 2025-12-28 | 9.92% |
| 2025-09-28 | 9.01% |
| 2025-06-29 | 8.92% |
| 2025-03-30 | 9.79% |
| 2024-12-29 | 8.90% |
| 2024-09-30 | 5.70% |
| 2016-10-02 | 7.82% |
| 2016-07-03 | 7.30% |
| 2016-04-03 | 6.81% |
| 2015-09-27 | 6.57% |
| 2015-06-28 | 7.56% |
| 2015-03-29 | 7.93% |
| 2014-09-28 | 6.39% |
| 2014-06-29 | 5.04% |
| 2014-03-30 | 3.86% |
| 2013-12-31 | 3.86% |
| 2013-07-28 | 6.16% |
| 2013-04-28 | 6.25% |
| 2013-01-27 | 6.77% |
| 2012-10-28 | 6.44% |
| 2012-07-29 | 7.36% |
| 2012-04-29 | 7.70% |
| 2012-01-29 | 9.10% |
| 2011-10-30 | 11.19% |
| 2011-07-31 | 11.80% |
| 2011-05-01 | 11.54% |
| 2011-01-30 | 9.35% |
| 2010-10-31 | 6.99% |
| 2010-08-01 | 4.74% |
| 2010-05-02 | 0.95% |
| 2010-01-31 | -1.72% |
| 2009-11-01 | -5.18% |
| 2009-08-02 | -5.19% |
| 2009-05-03 | -4.33% |
| 2009-01-31 | -2.01% |
| 2008-10-26 | 2.09% |
| 2008-07-27 | 1.93% |
| 2008-04-27 | 3.08% |
| 2008-01-27 | 4.14% |
| 2007-10-28 | 4.12% |
| 2007-07-29 | 4.38% |
| 2007-04-29 | 5.00% |
| 2007-01-28 | 4.37% |
| 2006-10-29 | 4.60% |
| 2006-07-30 | 5.22% |
| 2006-04-30 | 5.37% |
| 2006-01-29 | 7.14% |
| 2005-10-30 | 7.55% |
| 2005-07-31 | 7.88% |
| 2005-05-01 | 7.92% |
| 2005-01-30 | 7.88% |
| 2004-10-31 | 6.98% |
| 2004-08-01 | 6.80% |
| 2004-05-02 | 6.19% |
| 2004-02-01 | 4.19% |
| 2003-10-26 | 3.10% |
| 2003-07-27 | 2.43% |
| 2003-04-27 | 2.32% |
| 2003-01-26 | 2.91% |
| 2002-10-27 | 4.57% |
| 2002-07-28 | 6.41% |
| 2002-04-28 | 7.81% |
| 2002-01-27 | 8.67% |
| 2001-10-28 | 7.72% |
| 2001-07-29 | 8.22% |
| 2001-04-30 | 8.18% |
| 2001-01-28 | 7.98% |
| 2000-10-29 | 6.83% |
| 2000-07-30 | 6.05% |
| 2000-04-30 | 4.62% |
| 2000-01-30 | 4.52% |
| 1999-10-31 | 7.38% |
| 1999-08-01 | 7.48% |
| 1999-05-02 | 8.70% |
| 1999-01-31 | 9.55% |
| 1998-11-01 | 8.06% |
| 1998-08-02 | 7.97% |
| 1998-05-03 | 9.83% |
| 1998-02-01 | 9.96% |
| 1997-10-26 | 8.61% |
| 1997-07-27 | 7.60% |
| 1997-04-27 | 8.23% |
| 1997-01-26 | 6.80% |
| 1996-10-27 | 5.85% |
| 1996-07-28 | 5.48% |
| 1996-04-28 | 5.15% |
