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 11.35% is in line with its 5-year average of 11.03%, near the low end of its 5-year range (8.96%–21.64%).
As of the fiscal period ended Saturday, August 1, 2026. 10.85% above its 12-month average of 10.24%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
11.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
11.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
10.71%
CURRENT VS TTM AVG
+10.85%
CURRENT VS 3Y AVG
+2.11%
CURRENT VS 5Y AVG
+2.85%
CURRENT VS 10Y AVG
-4.39%
CURRENT VS 15Y AVG
+1.47%
CURRENT VS 20Y AVG
+5.94%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.18%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
+38.65%
vs the sector median at left
Target Corporation
Market Cap
$74.69B
Return on Invested Capital (ROIC)
11.35%
TTM Avg
10.24%
3Y Avg
11.11%
5Y Avg
11.03%
Market Cap
$78.21B
Return on Invested Capital (ROIC)
6.47%
TTM Avg
7.29%
3Y Avg
6.73%
5Y Avg
6.46%
Market Cap
$71.03B
Return on Invested Capital (ROIC)
29.91%
TTM Avg
30.60%
3Y Avg
27.18%
5Y Avg
26.90%
Market Cap
$85.71B
Return on Invested Capital (ROIC)
21.32%
TTM Avg
21.92%
3Y Avg
19.60%
5Y Avg
20.74%
Market Cap
$46.87B
Return on Invested Capital (ROIC)
9.52%
TTM Avg
8.05%
3Y Avg
7.69%
5Y Avg
6.49%
Market Cap
$44.34B
Return on Invested Capital (ROIC)
3.36%
TTM Avg
5.41%
3Y Avg
5.36%
5Y Avg
5.11%
Market Cap
$40.78B
Return on Invested Capital (ROIC)
4.89%
TTM Avg
4.03%
3Y Avg
6.66%
5Y Avg
6.42%
Market Cap
$38.28B
Return on Invested Capital (ROIC)
12.53%
TTM Avg
12.83%
3Y Avg
14.30%
5Y Avg
13.20%
Market Cap
$37.56B
Return on Invested Capital (ROIC)
2.97%
TTM Avg
4.80%
3Y Avg
4.71%
5Y Avg
8.12%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Target Corporation (TGT) | $74.69B | 11.35% | 10.24% | 11.11% | 11.03% |
| Mondelez International, Inc. (MDLZ)vs › | $78.21B | 6.47% | 7.29% | 6.73% | 6.46% |
| Colgate-Palmolive Company (CL)vs › | $71.03B | 29.91% | 30.60% | 27.18% | 26.90% |
| Monster Beverage Corporation (MNST)vs › | $85.71B | 21.32% | 21.92% | 19.60% | 20.74% |
| Coca-Cola Europacific Partners PLC (CCEP)vs › | $46.87B | 9.52% | 8.05% | 7.69% | 6.49% |
| Keurig Dr Pepper Inc. (KDP)vs › | $44.34B | 3.36% | 5.41% | 5.36% | 5.11% |
| Archer-Daniels-Midland Company (ADM)vs › | $40.78B | 4.89% | 4.03% | 6.66% | 6.42% |
| Sysco Corporation (SYY)vs › | $38.28B | 12.53% | 12.83% | 14.30% | 13.20% |
| The Estée Lauder Companies Inc. (EL)vs › | $37.56B | 2.97% | 4.80% | 4.71% | 8.12% |
| Kenvue Inc. (KVUE)vs › | $35.98B | 10.07% | 7.53% | 8.08% | 6.08% |
ROIC
11.3%
ROE
24.6%
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) |
|---|---|
| 2026-08-01 | 11.35% |
| 2026-05-02 | 9.39% |
| 2026-01-31 | 9.85% |
| 2025-11-01 | 10.09% |
| 2025-08-02 | 10.51% |
| 2025-05-03 | 11.56% |
| 2025-02-01 | 11.21% |
| 2024-11-02 | 12.04% |
| 2024-08-03 | 12.59% |
| 2024-05-04 | 11.65% |
| 2024-02-03 | 11.99% |
| 2023-10-28 | 11.13% |
| 2023-07-29 | 10.73% |
| 2023-04-29 | 8.96% |
| 2023-01-28 | 9.21% |
| 2022-10-29 | 11.03% |
| 2022-07-30 | 14.27% |
| 2022-04-30 | 19.69% |
| 2022-01-29 | 21.64% |
| 2021-10-30 | 21.20% |
| 2021-07-31 | 20.46% |
| 2021-05-01 | 20.18% |
| 2021-01-30 | 15.96% |
| 2020-10-31 | 14.74% |
| 2020-08-01 | 12.12% |
| 2020-05-02 | 10.31% |
| 2020-02-01 | 12.78% |
| 2019-11-02 | 12.60% |
| 2019-08-03 | 12.29% |
| 2019-05-04 | 11.78% |
| 2019-02-02 | 11.99% |
| 2018-11-03 | 13.24% |
| 2018-08-04 | 13.36% |
| 2018-05-05 | 12.77% |
| 2018-02-03 | 12.40% |
| 2017-10-28 | 11.50% |
| 2017-07-29 | 12.03% |
| 2017-04-29 | 12.08% |
| 2017-01-28 | 12.65% |
| 2016-10-29 | 13.26% |
| 2016-07-30 | 12.67% |
| 2016-04-30 | 11.69% |
| 2016-01-30 | 11.64% |
| 2015-10-31 | 12.94% |
| 2015-08-01 | 12.69% |
| 2015-05-02 | 11.93% |
| 2015-01-31 | 11.82% |
| 2014-11-01 | 7.77% |
| 2014-08-02 | 7.21% |
| 2014-05-03 | 7.34% |
| 2014-02-01 | 7.40% |
| 2013-11-02 | 8.57% |
| 2013-08-03 | 9.36% |
| 2013-05-04 | 9.61% |
| 2013-02-02 | 9.13% |
| 2012-10-27 | 9.56% |
| 2012-07-28 | 9.40% |
| 2012-04-28 | 9.68% |
| 2012-01-28 | 9.89% |
| 2011-10-29 | 9.36% |
| 2011-07-30 | 9.80% |
| 2011-04-30 | 10.24% |
| 2011-01-29 | 10.11% |
| 2010-10-30 | 9.79% |
| 2010-07-31 | 9.37% |
| 2010-05-01 | 9.24% |
| 2010-01-30 | 8.60% |
| 2009-10-31 | 7.58% |
| 2009-08-01 | 7.49% |
| 2009-05-02 | 7.60% |
| 2009-01-31 | 7.91% |
| 2008-11-01 | 8.65% |
| 2008-08-02 | 9.10% |
| 2008-05-03 | 9.61% |
| 2008-02-02 | 9.34% |
| 2007-11-03 | 10.18% |
| 2007-08-04 | 10.87% |
| 2007-05-05 | 10.98% |
| 2007-02-03 | 11.39% |
| 2006-10-28 | 10.46% |
| 2006-07-29 | 10.57% |
| 2006-04-29 | 10.53% |
| 2006-01-28 | 10.31% |
| 2005-10-29 | 9.90% |
| 2005-07-30 | 9.84% |
| 2005-04-30 | 9.55% |
| 2005-01-29 | 9.04% |
| 2004-10-30 | 9.56% |
| 2004-07-31 | 9.33% |
| 2004-05-01 | 8.95% |
| 2004-01-31 | 8.88% |
| 2003-11-01 | 8.22% |
| 2003-08-02 | 8.58% |
