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 13.31% is in line with its 5-year average of 13.99%, near the low end of its 5-year range (12.34%–16.77%).
As of the fiscal period ended Thursday, April 30, 2026. 1.88% above its 12-month average of 13.07%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
13.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
13.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
12.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
13.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
16.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
16.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
16.26%
CURRENT VS TTM AVG
+1.88%
CURRENT VS 3Y AVG
+4.41%
CURRENT VS 5Y AVG
-4.89%
CURRENT VS 10Y AVG
-21.36%
CURRENT VS 15Y AVG
-19.85%
CURRENT VS 20Y AVG
-18.16%
SECTOR MEDIAN · CONSUMER DEFENSIVE
9.21%
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
+44.52%
vs the sector median at left
Brown-Forman Corporation
Market Cap
$12.59B
Return on Invested Capital (ROIC)
13.31%
TTM Avg
13.07%
3Y Avg
12.75%
5Y Avg
13.99%
Market Cap
$12.94B
Return on Invested Capital (ROIC)
2.53%
TTM Avg
-0.90%
3Y Avg
1.19%
5Y Avg
2.87%
Market Cap
$11.78B
Return on Invested Capital (ROIC)
24.10%
TTM Avg
18.27%
3Y Avg
15.45%
5Y Avg
17.23%
Market Cap
$13.61B
Return on Invested Capital (ROIC)
7.93%
TTM Avg
7.89%
3Y Avg
7.26%
5Y Avg
7.39%
Market Cap
$14.34B
Return on Invested Capital (ROIC)
4.31%
TTM Avg
5.60%
3Y Avg
6.70%
5Y Avg
7.53%
Market Cap
$10.46B
Return on Invested Capital (ROIC)
9.58%
TTM Avg
9.22%
3Y Avg
6.43%
5Y Avg
5.14%
Market Cap
$7.71B
Return on Invested Capital (ROIC)
-10.20%
TTM Avg
-2.17%
3Y Avg
0.27%
5Y Avg
0.70%
Market Cap
$7.36B
Return on Invested Capital (ROIC)
10.01%
TTM Avg
9.13%
3Y Avg
4.95%
5Y Avg
4.83%
Market Cap
$7.33B
Return on Invested Capital (ROIC)
6.44%
TTM Avg
6.44%
3Y Avg
9.00%
5Y Avg
9.95%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Brown-Forman Corporation (BF-B) | $12.59B | 13.31% | 13.07% | 12.75% | 13.99% |
| The J. M. Smucker Company (SJM)vs › | $12.94B | 2.53% | -0.90% | 1.19% | 2.87% |
| The Clorox Company (CLX)vs › | $11.78B | 24.10% | 18.27% | 15.45% | 17.23% |
| McCormick & Company, Incorporated (MKC)vs › | $13.61B | 7.93% | 7.89% | 7.26% | 7.39% |
| Hormel Foods Corporation (HRL)vs › | $14.34B | 4.31% | 5.60% | 6.70% | 7.53% |
| Smithfield Foods, Inc. (SFD)vs › | $10.46B | 9.58% | 9.22% | 6.43% | 5.14% |
| Molson Coors Beverage Company (TAP)vs › | $7.71B | -10.20% | -2.17% | 0.27% | 0.70% |
| Celsius Holdings, Inc. (CELH)vs › | $7.36B | 10.01% | 9.13% | 4.95% | 4.83% |
| Lamb Weston Holdings, Inc. (LW)vs › | $7.33B | 6.44% | 6.44% | 9.00% | 9.95% |
| Conagra Brands, Inc. (CAG)vs › | $7.29B | -10.93% | -10.93% | -0.31% | 1.66% |
ROIC
13.3%
ROE
17.8%
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) |
|---|---|
| 2026-04-30 | 13.31% |
| 2025-04-30 | 12.82% |
| 2024-04-30 | 12.34% |
| 2023-04-30 | 12.52% |
| 2022-04-30 | 16.21% |
| 2021-04-30 | 16.77% |
| 2020-04-30 | 17.10% |
| 2019-04-30 | 19.92% |
| 2018-04-30 | 17.60% |
| 2017-04-30 | 17.60% |
| 2016-04-30 | 29.99% |
| 2015-04-30 | 19.08% |
| 2014-04-30 | 19.03% |
| 2013-04-30 | 19.43% |
| 2012-04-30 | 17.27% |
| 2011-04-30 | 18.09% |
| 2010-04-30 | 15.44% |
| 2009-04-30 | 14.59% |
| 2008-04-30 | 15.55% |
| 2007-04-30 | 13.89% |
| 2006-04-30 | 16.69% |
| 2005-04-30 | 12.71% |
| 2004-04-30 | 12.32% |
| 2003-04-30 | 12.71% |
| 2002-04-30 | 13.70% |
| 2001-04-30 | 14.83% |
| 2000-04-30 | 14.69% |
| 1999-04-30 | 13.99% |
| 1998-04-30 | 15.65% |
| 1997-04-30 | 17.15% |
