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 6.12% is 37% below its 5-year average of 9.68%, near the low end of its 5-year range (3.89%–20.30%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.61% above its 12-month average of 5.91%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
6.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+3.61%
CURRENT VS 3Y AVG
-44.70%
CURRENT VS 5Y AVG
-36.73%
CURRENT VS 10Y AVG
-7.04%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.18%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
-25.19%
vs the sector median at left
e.l.f. Beauty, Inc.
Market Cap
$6.16B
Return on Invested Capital (ROIC)
6.12%
TTM Avg
5.91%
3Y Avg
11.07%
5Y Avg
9.68%
Market Cap
$7.00B
Return on Invested Capital (ROIC)
6.72%
TTM Avg
8.04%
3Y Avg
8.35%
5Y Avg
8.75%
Market Cap
$7.57B
Return on Invested Capital (ROIC)
6.54%
TTM Avg
6.47%
3Y Avg
9.04%
5Y Avg
10.00%
Market Cap
$7.63B
Return on Invested Capital (ROIC)
13.50%
TTM Avg
14.39%
3Y Avg
12.20%
5Y Avg
12.04%
Market Cap
$7.66B
Return on Invested Capital (ROIC)
-10.93%
TTM Avg
-10.93%
3Y Avg
-0.31%
5Y Avg
1.66%
Market Cap
$7.77B
Return on Invested Capital (ROIC)
-11.90%
TTM Avg
-2.96%
3Y Avg
-0.13%
5Y Avg
0.44%
Market Cap
$8.46B
Return on Invested Capital (ROIC)
5.33%
TTM Avg
9.14%
3Y Avg
4.96%
5Y Avg
4.24%
Market Cap
$3.79B
Return on Invested Capital (ROIC)
9.34%
TTM Avg
25.46%
3Y Avg
26.07%
5Y Avg
18.52%
Market Cap
$8.62B
Return on Invested Capital (ROIC)
9.90%
TTM Avg
9.28%
3Y Avg
6.44%
5Y Avg
6.44%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| e.l.f. Beauty, Inc. (ELF) | $6.16B | 6.12% | 5.91% | 11.07% | 9.68% |
| Campbell Soup Company (CPB)vs › | $7.00B | 6.72% | 8.04% | 8.35% | 8.75% |
| Lamb Weston Holdings, Inc. (LW)vs › | $7.57B | 6.54% | 6.47% | 9.04% | 10.00% |
| Sprouts Farmers Market, Inc. (SFM)vs › | $7.63B | 13.50% | 14.39% | 12.20% | 12.04% |
| Conagra Brands, Inc. (CAG)vs › | $7.66B | -10.93% | -10.93% | -0.31% | 1.66% |
| Molson Coors Beverage Company (TAP)vs › | $7.77B | -11.90% | -2.96% | -0.13% | 0.44% |
| Celsius Holdings, Inc. (CELH)vs › | $8.46B | 5.33% | 9.14% | 4.96% | 4.24% |
| Cal-Maine Foods, Inc. (CALM)vs › | $3.79B | 9.34% | 25.46% | 26.07% | 18.52% |
| Smithfield Foods, Inc. (SFD)vs › | $8.62B | 9.90% | 9.28% | 6.44% | 6.44% |
| Stride, Inc. (LRN)vs › | $3.67B | 16.10% | 14.89% | 12.38% | 10.74% |
ROIC
6.1%
ROE
5.1%
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) |
|---|---|
| 2026-06-30 | 6.12% |
| 2026-03-31 | 4.09% |
| 2025-12-31 | 5.74% |
| 2025-09-30 | 4.55% |
| 2025-06-30 | 9.04% |
| 2025-03-31 | 11.37% |
| 2024-12-31 | 10.66% |
| 2024-09-30 | 11.49% |
| 2024-06-30 | 13.18% |
| 2024-03-31 | 14.46% |
| 2023-12-31 | 14.56% |
| 2023-09-30 | 20.30% |
| 2023-06-30 | 18.39% |
| 2023-03-31 | 13.15% |
| 2022-12-31 | 10.70% |
| 2022-09-30 | 8.10% |
| 2022-06-30 | 6.97% |
| 2022-03-31 | 5.79% |
| 2021-12-31 | 5.51% |
| 2021-09-30 | 5.17% |
| 2021-06-30 | 3.89% |
| 2021-03-31 | 2.16% |
| 2020-12-31 | 2.83% |
| 2020-09-30 | 3.47% |
| 2020-06-30 | 4.84% |
| 2020-03-31 | 5.33% |
| 2019-12-31 | 1.33% |
| 2019-09-30 | 1.58% |
| 2019-06-30 | 1.80% |
| 2019-03-31 | 0.80% |
| 2018-12-31 | 5.62% |
| 2018-09-30 | 7.29% |
| 2018-06-30 | 8.28% |
| 2018-03-31 | 8.48% |
| 2017-12-31 | 8.89% |
| 2017-09-30 | 7.87% |
| 2017-06-30 | 6.70% |
| 2017-03-31 | 4.15% |
| 2016-12-31 | 3.70% |
| 2016-09-30 | 3.09% |
| 2016-06-30 | 4.18% |
| 2016-03-31 | 4.34% |
| 2015-12-31 | 4.29% |
