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 15.00% is 24% below its 5-year average of 19.79%, around the middle of its 5-year range (9.00%–23.82%).
As of the fiscal period ended Sunday, June 28, 2026. 12.54% above its 12-month average of 13.33%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-28): 15.00%.
RETURN ON INVESTED CAPITAL (ROIC)
15.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
13.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
18.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
19.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
19.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
19.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
18.61%
CURRENT VS TTM AVG
+12.54%
CURRENT VS 3Y AVG
-18.19%
CURRENT VS 5Y AVG
-24.20%
CURRENT VS 10Y AVG
-23.13%
CURRENT VS 15Y AVG
-23.15%
CURRENT VS 20Y AVG
-19.42%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.18%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
+83.26%
vs the sector median at left
The Hershey Company
Market Cap
$34.64B
Return on Invested Capital (ROIC)
15.00%
TTM Avg
13.33%
3Y Avg
18.33%
5Y Avg
19.79%
Market Cap
$34.58B
Return on Invested Capital (ROIC)
2.97%
TTM Avg
4.80%
3Y Avg
4.71%
5Y Avg
8.12%
Market Cap
$34.23B
Return on Invested Capital (ROIC)
10.07%
TTM Avg
7.53%
3Y Avg
8.08%
5Y Avg
6.08%
Market Cap
$32.56B
Return on Invested Capital (ROIC)
12.46%
TTM Avg
21.85%
3Y Avg
19.83%
5Y Avg
19.76%
Market Cap
$37.46B
Return on Invested Capital (ROIC)
5.04%
TTM Avg
6.54%
3Y Avg
6.65%
5Y Avg
7.59%
Market Cap
$37.64B
Return on Invested Capital (ROIC)
12.53%
TTM Avg
12.83%
3Y Avg
14.30%
5Y Avg
13.20%
Market Cap
$29.32B
Return on Invested Capital (ROIC)
-4.94%
TTM Avg
-2.08%
3Y Avg
0.92%
5Y Avg
1.22%
Market Cap
$40.97B
Return on Invested Capital (ROIC)
4.89%
TTM Avg
4.03%
3Y Avg
6.66%
5Y Avg
6.42%
Market Cap
$27.14B
Return on Invested Capital (ROIC)
7.47%
TTM Avg
6.23%
3Y Avg
7.83%
5Y Avg
8.74%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Hershey Company (HSY) | $34.64B | 15.00% | 13.33% | 18.33% | 19.79% |
| The Estée Lauder Companies Inc. (EL)vs › | $34.58B | 2.97% | 4.80% | 4.71% | 8.12% |
| Kenvue Inc. (KVUE)vs › | $34.23B | 10.07% | 7.53% | 8.08% | 6.08% |
| Kimberly-Clark Corporation (KMB)vs › | $32.56B | 12.46% | 21.85% | 19.83% | 19.76% |
| The Kroger Co. (KR)vs › | $37.46B | 5.04% | 6.54% | 6.65% | 7.59% |
| Sysco Corporation (SYY)vs › | $37.64B | 12.53% | 12.83% | 14.30% | 13.20% |
| The Kraft Heinz Company (KHC)vs › | $29.32B | -4.94% | -2.08% | 0.92% | 1.22% |
| Archer-Daniels-Midland Company (ADM)vs › | $40.97B | 4.89% | 4.03% | 6.66% | 6.42% |
| Dollar General Corporation (DG)vs › | $27.14B | 7.47% | 6.23% | 7.83% | 8.74% |
| Keurig Dr Pepper Inc. (KDP)vs › | $43.27B | 3.36% | 5.41% | 5.36% | 5.11% |
ROIC
15.0%
ROE
32.6%
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) |
|---|---|
| 2026-06-28 | 15.00% |
| 2026-03-29 | 10.85% |
| 2025-12-31 | 9.00% |
| 2025-09-28 | 14.98% |
| 2025-06-29 | 16.81% |
| 2025-03-30 | 17.18% |
| 2024-12-31 | 23.82% |
| 2024-09-29 | 19.72% |
| 2024-06-30 | 20.38% |
| 2024-03-31 | 23.20% |
| 2023-12-31 | 22.14% |
| 2023-10-01 | 23.01% |
| 2023-07-02 | 22.25% |
| 2023-04-02 | 21.64% |
| 2022-12-31 | 21.22% |
| 2022-10-02 | 20.43% |
| 2022-07-03 | 20.75% |
| 2022-04-03 | 20.40% |
| 2021-12-31 | 19.03% |
| 2021-10-03 | 20.91% |
| 2021-07-04 | 22.05% |
| 2021-04-04 | 21.33% |
| 2020-12-31 | 19.62% |
| 2020-09-27 | 17.40% |
| 2020-06-28 | 16.27% |
| 2020-03-29 | 17.09% |
| 2019-12-31 | 19.31% |
| 2019-09-29 | 20.53% |
| 2019-06-30 | 20.98% |
| 2019-03-31 | 19.77% |
| 2018-12-31 | 20.78% |
| 2018-09-30 | 18.05% |
| 2018-07-01 | 18.82% |
| 2018-04-01 | 18.35% |
| 2017-12-31 | 20.02% |
| 2017-10-01 | 17.49% |
| 2017-07-02 | 17.24% |
| 2017-04-02 | 16.29% |
| 2016-12-31 | 18.59% |
| 2016-10-02 | 19.18% |
| 2016-07-03 | 18.94% |
| 2016-04-03 | 14.30% |
| 2015-12-31 | 14.97% |
| 2015-10-04 | 13.64% |
| 2015-07-05 | 14.68% |
| 2015-04-05 | 20.25% |
| 2014-12-31 | 21.19% |
| 2014-09-28 | 19.23% |
| 2014-06-29 | 21.94% |
| 2014-03-30 | 21.53% |
| 2013-12-31 | 21.64% |
| 2013-09-29 | 21.96% |
| 2013-06-30 | 21.67% |
| 2013-03-31 | 21.10% |
| 2012-12-31 | 20.06% |
| 2012-09-30 | 19.62% |
| 2012-07-01 | 19.82% |
| 2012-04-01 | 20.67% |
| 2011-12-31 | 20.40% |
| 2011-10-02 | 22.23% |
| 2011-07-03 | 19.77% |
| 2011-04-03 | 18.07% |
| 2010-12-31 | 17.51% |
| 2010-10-03 | 19.27% |
| 2010-07-04 | 19.35% |
| 2010-04-04 | 19.87% |
| 2009-12-31 | 17.65% |
| 2009-10-04 | 15.54% |
| 2009-07-05 | 15.12% |
| 2009-04-05 | 13.84% |
| 2008-12-31 | 13.03% |
| 2008-09-28 | 9.60% |
| 2008-06-29 | 8.72% |
| 2008-03-30 | 7.63% |
| 2007-12-31 | 8.29% |
| 2007-09-30 | 10.62% |
| 2007-07-01 | 14.31% |
| 2007-04-01 | 18.07% |
| 2006-12-31 | 17.84% |
| 2006-10-01 | 16.06% |
| 2006-07-02 | 15.03% |
| 2006-04-02 | 15.54% |
| 2005-12-31 | 15.16% |
| 2005-10-02 | 14.61% |
| 2005-07-03 | 17.46% |
| 2005-04-01 | 20.93% |
| 2004-12-31 | 20.33% |
| 2004-10-03 | 19.19% |
| 2004-07-04 | 19.41% |
| 2004-04-30 | 16.75% |
| 2003-12-31 | 16.79% |
| 2003-09-28 | 15.59% |
| 2003-06-29 | 16.26% |
