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 6.96% is 100% above its 5-year average of 3.48%, near the high end of its 5-year range (-6.17%–9.42%).
As of the fiscal period ended Friday, July 31, 2026. 351.76% above its 12-month average of 1.54%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
6.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
1.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
2.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.81%
CURRENT VS TTM AVG
+351.76%
CURRENT VS 3Y AVG
+180.46%
CURRENT VS 5Y AVG
+99.77%
CURRENT VS 10Y AVG
+28.55%
CURRENT VS 15Y AVG
+22.24%
CURRENT VS 20Y AVG
+19.62%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.18%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
-15.03%
vs the sector median at left
The J. M. Smucker Company
Market Cap
$13.20B
Return on Invested Capital (ROIC)
6.96%
TTM Avg
1.54%
3Y Avg
2.48%
5Y Avg
3.48%
Market Cap
$13.91B
Return on Invested Capital (ROIC)
6.16%
TTM Avg
7.89%
3Y Avg
7.26%
5Y Avg
7.39%
Market Cap
$12.47B
Return on Invested Capital (ROIC)
13.69%
TTM Avg
13.07%
3Y Avg
12.75%
5Y Avg
13.99%
Market Cap
$11.64B
Return on Invested Capital (ROIC)
3.16%
TTM Avg
5.60%
3Y Avg
6.70%
5Y Avg
7.53%
Market Cap
$11.28B
Return on Invested Capital (ROIC)
20.67%
TTM Avg
22.68%
3Y Avg
17.92%
5Y Avg
17.53%
Market Cap
$8.62B
Return on Invested Capital (ROIC)
9.90%
TTM Avg
9.28%
3Y Avg
6.44%
5Y Avg
6.44%
Market Cap
$18.45B
Return on Invested Capital (ROIC)
3.32%
TTM Avg
3.16%
3Y Avg
3.97%
5Y Avg
5.70%
Market Cap
$7.67B
Return on Invested Capital (ROIC)
5.33%
TTM Avg
9.14%
3Y Avg
4.96%
5Y Avg
4.24%
Market Cap
$7.38B
Return on Invested Capital (ROIC)
-11.90%
TTM Avg
-2.96%
3Y Avg
-0.13%
5Y Avg
0.44%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The J. M. Smucker Company (SJM) | $13.20B | 6.96% | 1.54% | 2.48% | 3.48% |
| McCormick & Company, Incorporated (MKC)vs › | $13.91B | 6.16% | 7.89% | 7.26% | 7.39% |
| Brown-Forman Corporation (BF-B)vs › | $12.47B | 13.69% | 13.07% | 12.75% | 13.99% |
| Hormel Foods Corporation (HRL)vs › | $11.64B | 3.16% | 5.60% | 6.70% | 7.53% |
| The Clorox Company (CLX)vs › | $11.28B | 20.67% | 22.68% | 17.92% | 17.53% |
| Smithfield Foods, Inc. (SFD)vs › | $8.62B | 9.90% | 9.28% | 6.44% | 6.44% |
| Tyson Foods, Inc. (TSN)vs › | $18.45B | 3.32% | 3.16% | 3.97% | 5.70% |
| Celsius Holdings, Inc. (CELH)vs › | $7.67B | 5.33% | 9.14% | 4.96% | 4.24% |
| Molson Coors Beverage Company (TAP)vs › | $7.38B | -11.90% | -2.96% | -0.13% | 0.44% |
| Conagra Brands, Inc. (CAG)vs › | $7.29B | -10.93% | -10.93% | -0.31% | 1.66% |
ROIC
7.0%
ROE
4.0%
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) |
|---|---|
| 2026-07-31 | 6.96% |
| 2026-04-30 | 9.42% |
| 2026-01-31 | 2.05% |
| 2025-10-31 | -4.55% |
| 2025-07-31 | -6.17% |
| 2025-04-30 | -4.33% |
| 2025-01-31 | 2.00% |
| 2024-10-31 | 4.36% |
| 2024-07-31 | 5.49% |
| 2024-04-30 | 5.39% |
| 2024-01-31 | 0.80% |
| 2023-10-31 | 0.97% |
| 2023-07-31 | 1.21% |
| 2023-04-30 | 1.21% |
| 2023-01-31 | 5.86% |
| 2022-10-31 | 4.80% |
| 2022-07-31 | 4.91% |
| 2022-04-30 | 5.37% |
| 2022-01-31 | 4.95% |
| 2021-10-31 | 6.19% |
| 2021-07-31 | 6.58% |
| 2021-04-30 | 7.08% |
| 2021-01-31 | 7.55% |
| 2020-10-31 | 6.78% |
| 2020-07-31 | 6.50% |
| 2020-04-30 | 5.94% |
| 2020-01-31 | 5.04% |
| 2019-10-31 | 4.61% |
| 2019-07-31 | 4.48% |
| 2019-04-30 | 4.37% |
| 2019-01-31 | 4.96% |
| 2018-10-31 | 6.39% |
| 2018-07-31 | 6.25% |
| 2018-04-30 | 7.22% |
| 2018-01-31 | 6.40% |
| 2017-10-31 | 4.56% |
| 2017-07-31 | 4.47% |
| 2017-04-30 | 4.71% |
| 2017-01-31 | 5.25% |
| 2016-10-31 | 5.52% |
| 2016-07-31 | 5.57% |
| 2016-04-30 | 5.36% |
| 2016-01-31 | 4.02% |
| 2015-10-31 | 3.63% |
| 2015-07-31 | 3.39% |
| 2015-04-30 | 3.18% |
| 2015-01-31 | 6.81% |
| 2014-10-31 | 6.73% |
| 2014-07-31 | 6.84% |
| 2014-04-30 | 7.18% |
| 2014-01-31 | 7.42% |
| 2013-10-31 | 7.18% |
| 2013-07-31 | 7.35% |
| 2013-04-30 | 7.14% |
| 2013-01-31 | 6.70% |
| 2012-10-31 | 6.34% |
| 2012-07-31 | 6.00% |
| 2012-04-30 | 5.97% |
| 2012-01-31 | 5.69% |
| 2011-10-31 | 5.87% |
| 2011-07-31 | 6.47% |
| 2011-04-30 | 6.69% |
| 2011-01-31 | 6.92% |
| 2010-10-31 | 6.81% |
| 2010-07-31 | 6.75% |
| 2010-04-30 | 7.12% |
| 2010-01-31 | 6.85% |
| 2009-10-31 | 5.80% |
| 2009-07-31 | 4.68% |
| 2009-04-30 | 3.90% |
| 2009-01-31 | 3.12% |
| 2008-10-31 | 6.58% |
| 2008-07-31 | 6.69% |
| 2008-04-30 | 6.57% |
| 2008-01-31 | 6.55% |
| 2007-10-31 | 6.26% |
| 2007-07-31 | 6.09% |
| 2007-04-30 | 6.73% |
| 2007-01-31 | 6.67% |
| 2006-10-31 | 6.14% |
| 2006-07-31 | 6.11% |
| 2006-04-30 | 6.23% |
| 2006-01-31 | 5.77% |
| 2005-10-31 | 6.19% |
| 2005-07-31 | 6.04% |
| 2005-04-30 | 5.92% |
| 2005-01-31 | 5.70% |
| 2004-10-31 | 5.03% |
| 2004-07-31 | 4.71% |
| 2004-04-30 | 7.35% |
| 2004-01-31 | 7.53% |
| 2003-10-31 | 7.63% |
| 2003-07-31 | 7.60% |
