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 10.85% is in line with its 5-year average of 10.32%, around the middle of its 5-year range (6.44%–18.29%).
As of the fiscal period ended Sunday, May 31, 2026. 13.29% below its 12-month average of 12.52%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q1 FY2027 (2026-05-31): 10.85%.
RETURN ON INVESTED CAPITAL (ROIC)
10.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
12.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
10.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
9.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.71%
CURRENT VS TTM AVG
-13.29%
CURRENT VS 3Y AVG
-13.30%
CURRENT VS 5Y AVG
+5.22%
CURRENT VS 10Y AVG
+11.78%
CURRENT VS 15Y AVG
+23.83%
CURRENT VS 20Y AVG
+40.75%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.18%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
+32.61%
vs the sector median at left
Constellation Brands, Inc.
Market Cap
$21.13B
Return on Invested Capital (ROIC)
10.85%
TTM Avg
12.52%
3Y Avg
12.52%
5Y Avg
10.32%
Market Cap
$21.89B
Return on Invested Capital (ROIC)
15.14%
TTM Avg
10.85%
3Y Avg
9.83%
5Y Avg
9.28%
Market Cap
$22.34B
Return on Invested Capital (ROIC)
10.83%
TTM Avg
9.71%
3Y Avg
9.28%
5Y Avg
10.44%
Market Cap
$19.35B
Return on Invested Capital (ROIC)
8.33%
TTM Avg
6.26%
3Y Avg
8.86%
5Y Avg
9.72%
Market Cap
$23.43B
Return on Invested Capital (ROIC)
5.82%
TTM Avg
4.71%
3Y Avg
8.46%
5Y Avg
8.82%
Market Cap
$18.74B
Return on Invested Capital (ROIC)
3.32%
TTM Avg
3.16%
3Y Avg
3.97%
5Y Avg
5.70%
Market Cap
$27.62B
Return on Invested Capital (ROIC)
7.47%
TTM Avg
6.23%
3Y Avg
7.83%
5Y Avg
8.74%
Market Cap
$13.45B
Return on Invested Capital (ROIC)
6.16%
TTM Avg
7.89%
3Y Avg
7.26%
5Y Avg
7.39%
Market Cap
$28.97B
Return on Invested Capital (ROIC)
-4.94%
TTM Avg
-2.08%
3Y Avg
0.92%
5Y Avg
1.22%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Constellation Brands, Inc. (STZ) | $21.13B | 10.85% | 12.52% | 12.52% | 10.32% |
| Dollar Tree, Inc. (DLTR)vs › | $21.89B | 15.14% | 10.85% | 9.83% | 9.28% |
| Church & Dwight Co., Inc. (CHD)vs › | $22.34B | 10.83% | 9.71% | 9.28% | 10.44% |
| General Mills, Inc. (GIS)vs › | $19.35B | 8.33% | 6.26% | 8.86% | 9.72% |
| Bunge Global S.A. (BG)vs › | $23.43B | 5.82% | 4.71% | 8.46% | 8.82% |
| Tyson Foods, Inc. (TSN)vs › | $18.74B | 3.32% | 3.16% | 3.97% | 5.70% |
| Dollar General Corporation (DG)vs › | $27.62B | 7.47% | 6.23% | 7.83% | 8.74% |
| McCormick & Company, Incorporated (MKC)vs › | $13.45B | 6.16% | 7.89% | 7.26% | 7.39% |
| The Kraft Heinz Company (KHC)vs › | $28.97B | -4.94% | -2.08% | 0.92% | 1.22% |
| The J. M. Smucker Company (SJM)vs › | $12.81B | 6.96% | 2.54% | 2.92% | 4.02% |
ROIC
10.9%
ROE
22.1%
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) |
|---|---|
| 2026-05-31 | 10.85% |
| 2026-02-28 | 10.53% |
| 2025-11-30 | 11.24% |
| 2025-08-31 | 12.55% |
| 2025-05-31 | 17.42% |
| 2025-02-28 | 18.29% |
| 2024-11-30 | 15.99% |
| 2024-08-31 | 14.21% |
| 2024-05-31 | 11.91% |
| 2024-02-29 | 10.82% |
| 2023-11-30 | 11.02% |
| 2023-08-31 | 10.71% |
| 2023-05-31 | 7.21% |
| 2023-02-28 | 7.38% |
| 2022-11-30 | 7.56% |
| 2022-08-31 | 7.81% |
| 2022-05-31 | 9.35% |
| 2022-02-28 | 6.56% |
| 2021-11-30 | 6.44% |
| 2021-08-31 | 7.77% |
| 2021-05-31 | 9.00% |
| 2021-02-28 | 9.15% |
| 2020-11-30 | 9.29% |
| 2020-08-31 | 11.37% |
| 2020-05-31 | 11.38% |
| 2020-02-29 | 10.91% |
| 2019-11-30 | 11.12% |
| 2019-08-31 | 10.85% |
| 2019-05-31 | 8.84% |
| 2019-02-28 | 7.93% |
| 2018-11-30 | 9.58% |
| 2018-08-31 | 10.14% |
| 2018-05-31 | 10.34% |
| 2018-02-28 | 11.70% |
| 2017-11-30 | 9.23% |
| 2017-08-31 | 9.96% |
| 2017-05-31 | 9.42% |
| 2017-02-28 | 9.18% |
| 2016-11-30 | 9.17% |
| 2016-08-31 | 8.46% |
| 2016-05-31 | 8.04% |
| 2016-02-29 | 7.81% |
| 2015-11-30 | 8.14% |
| 2015-08-31 | 8.17% |
| 2015-05-31 | 7.57% |
| 2015-02-28 | 7.48% |
| 2014-11-30 | 7.21% |
| 2014-08-31 | 7.33% |
| 2014-05-31 | 9.54% |
| 2014-02-28 | 7.93% |
| 2013-11-30 | 6.76% |
| 2013-08-31 | 5.44% |
| 2013-05-31 | 4.15% |
| 2013-02-28 | 5.62% |
| 2012-11-30 | 5.21% |
| 2012-08-31 | 5.10% |
| 2012-05-31 | 6.28% |
| 2012-02-29 | 6.13% |
| 2011-11-30 | 7.76% |
| 2011-08-31 | 8.05% |
| 2011-05-31 | 7.75% |
| 2011-02-28 | 7.61% |
| 2010-11-30 | 2.96% |
| 2010-08-31 | 2.48% |
| 2010-05-31 | 2.49% |
| 2010-02-28 | 2.35% |
| 2009-11-30 | 0.91% |
| 2009-08-31 | 0.97% |
| 2009-05-31 | 0.21% |
| 2009-02-28 | 0.32% |
| 2008-11-30 | -5.36% |
| 2008-08-31 | -5.10% |
| 2008-05-31 | -3.68% |
| 2008-02-29 | -3.99% |
| 2007-11-30 | 3.59% |
| 2007-08-31 | 3.97% |
| 2007-05-31 | 4.27% |
| 2007-02-28 | 5.21% |
| 2006-11-30 | 5.17% |
| 2006-08-31 | 5.12% |
| 2006-05-31 | 6.37% |
| 2006-02-28 | 7.10% |
| 2005-11-30 | 6.75% |
| 2005-08-31 | 6.50% |
| 2005-05-31 | 6.23% |
| 2005-02-28 | 5.38% |
| 2004-11-30 | 7.32% |
| 2004-08-31 | 7.57% |
| 2004-05-31 | 6.74% |
| 2004-02-29 | 6.50% |
| 2003-11-30 | 5.88% |
| 2003-08-31 | 5.67% |
| 2003-05-31 | 5.54% |
