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 4.89% is 35% below its 4-year average of 7.52%, near the low end of its 4-year range (4.36%–10.58%).
As of the fiscal period ended Saturday, May 23, 2026. 20.06% below its 12-month average of 6.12%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
4.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.32%
CURRENT VS TTM AVG
-20.06%
CURRENT VS 3Y AVG
-26.84%
CURRENT VS 5Y AVG
-35.01%
CURRENT VS 10Y AVG
-34.87%
CURRENT VS 15Y AVG
-40.63%
CURRENT VS 20Y AVG
-41.25%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.18%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
-40.27%
vs the sector median at left
The Kroger Co.
Market Cap
$34.58B
Return on Invested Capital (ROIC)
4.89%
TTM Avg
6.12%
3Y Avg
6.68%
5Y Avg
7.52%
Market Cap
$34.92B
Return on Invested Capital (ROIC)
15.00%
TTM Avg
16.41%
3Y Avg
19.05%
5Y Avg
19.14%
Market Cap
$34.08B
Return on Invested Capital (ROIC)
10.07%
TTM Avg
7.53%
3Y Avg
8.08%
5Y Avg
6.08%
Market Cap
$35.72B
Return on Invested Capital (ROIC)
2.97%
TTM Avg
4.80%
3Y Avg
4.71%
5Y Avg
8.12%
Market Cap
$32.76B
Return on Invested Capital (ROIC)
12.46%
TTM Avg
21.85%
3Y Avg
19.83%
5Y Avg
19.76%
Market Cap
$39.01B
Return on Invested Capital (ROIC)
12.53%
TTM Avg
12.83%
3Y Avg
14.30%
5Y Avg
13.20%
Market Cap
$29.18B
Return on Invested Capital (ROIC)
-4.94%
TTM Avg
-2.08%
3Y Avg
0.92%
5Y Avg
1.22%
Market Cap
$27.47B
Return on Invested Capital (ROIC)
7.47%
TTM Avg
6.23%
3Y Avg
7.83%
5Y Avg
8.74%
Market Cap
$41.71B
Return on Invested Capital (ROIC)
4.89%
TTM Avg
4.03%
3Y Avg
6.66%
5Y Avg
6.42%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Kroger Co. (KR) | $34.58B | 4.89% | 6.12% | 6.68% | 7.52% |
| The Hershey Company (HSY)vs › | $34.92B | 15.00% | 16.41% | 19.05% | 19.14% |
| Kenvue Inc. (KVUE)vs › | $34.08B | 10.07% | 7.53% | 8.08% | 6.08% |
| The Estée Lauder Companies Inc. (EL)vs › | $35.72B | 2.97% | 4.80% | 4.71% | 8.12% |
| Kimberly-Clark Corporation (KMB)vs › | $32.76B | 12.46% | 21.85% | 19.83% | 19.76% |
| Sysco Corporation (SYY)vs › | $39.01B | 12.53% | 12.83% | 14.30% | 13.20% |
| The Kraft Heinz Company (KHC)vs › | $29.18B | -4.94% | -2.08% | 0.92% | 1.22% |
| Dollar General Corporation (DG)vs › | $27.47B | 7.47% | 6.23% | 7.83% | 8.74% |
| Archer-Daniels-Midland Company (ADM)vs › | $41.71B | 4.89% | 4.03% | 6.66% | 6.42% |
| Keurig Dr Pepper Inc. (KDP)vs › | $43.65B | 3.36% | 5.41% | 5.36% | 5.11% |
ROIC
4.9%
ROE
16.3%
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) |
|---|---|
| 2026-05-23 | 4.89% |
| 2026-01-31 | 4.70% |
| 2025-11-08 | 4.36% |
| 2025-08-16 | 8.36% |
| 2025-05-24 | 8.26% |
| 2025-02-01 | 8.36% |
| 2024-11-09 | 7.02% |
| 2024-08-17 | 9.33% |
| 2024-05-25 | 6.45% |
| 2024-02-03 | 6.84% |
| 2023-11-04 | 5.84% |
| 2023-08-12 | 5.77% |
| 2023-05-20 | 9.12% |
| 2022-11-05 | 10.25% |
| 2022-08-13 | 10.58% |
| 2022-05-21 | 10.23% |
| 2021-01-30 | 6.25% |
| 2020-11-07 | 7.75% |
| 2020-08-15 | 6.60% |
| 2020-05-23 | 6.10% |
| 2020-02-01 | 5.22% |
| 2019-11-09 | 4.88% |
| 2019-08-17 | 5.94% |
| 2019-05-25 | 6.03% |
| 2019-02-02 | 7.51% |
| 2018-11-10 | 8.49% |
| 2018-08-18 | 9.10% |
| 2018-05-26 | 9.72% |
| 2018-02-03 | 7.94% |
| 2017-11-04 | 7.49% |
| 2017-08-12 | 7.40% |
| 2017-05-20 | 7.69% |
| 2017-01-28 | 8.93% |
| 2016-11-05 | 9.30% |
| 2016-08-13 | 10.01% |
| 2016-05-21 | 10.48% |
| 2016-01-30 | 10.19% |
| 2015-11-07 | 10.93% |
| 2015-08-15 | 10.83% |
| 2015-05-23 | 10.53% |
| 2015-01-31 | 9.88% |
| 2014-11-08 | 9.70% |
| 2014-08-16 | 9.66% |
| 2014-05-24 | 9.51% |
| 2014-02-01 | 9.06% |
| 2013-11-09 | 11.40% |
| 2013-08-17 | 11.85% |
| 2013-05-25 | 11.80% |
| 2013-02-02 | 11.13% |
| 2012-11-03 | 6.46% |
| 2012-08-11 | 5.96% |
| 2012-05-19 | 5.94% |
| 2012-01-28 | 5.78% |
| 2011-11-05 | 9.37% |
| 2011-08-13 | 9.73% |
| 2011-05-21 | 9.58% |
| 2011-01-29 | 8.90% |
| 2010-11-06 | 8.78% |
| 2010-08-14 | 3.34% |
| 2010-05-22 | 3.42% |
| 2010-01-30 | 3.76% |
| 2009-11-07 | 4.41% |
| 2009-08-15 | 9.91% |
| 2009-05-23 | 9.92% |
| 2009-01-31 | 9.65% |
| 2008-11-08 | 9.75% |
| 2008-08-16 | 10.30% |
| 2008-05-24 | 10.23% |
| 2008-02-02 | 9.78% |
| 2007-11-10 | 10.60% |
| 2007-08-18 | 10.56% |
| 2007-05-26 | 10.07% |
| 2007-02-03 | 9.81% |
| 2006-11-04 | 9.31% |
| 2006-08-12 | 9.10% |
| 2006-05-20 | 8.94% |
| 2006-01-28 | 8.92% |
| 2005-11-05 | 3.96% |
| 2005-08-13 | 3.68% |
| 2005-05-21 | 3.45% |
| 2005-01-29 | 3.27% |
| 2004-11-06 | 4.29% |
| 2004-08-14 | 4.39% |
| 2004-05-22 | 4.53% |
| 2004-01-31 | 5.09% |
| 2003-11-08 | 9.04% |
| 2003-08-16 | 10.17% |
| 2003-05-24 | 10.72% |
