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 6.16% is 12% below its 5-year average of 6.99%, near the low end of its 5-year range (5.95%–7.86%).
As of the fiscal period ended Sunday, May 31, 2026. 12.02% below its 12-month average of 7.00%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-05-31): 6.16%.
RETURN ON INVESTED CAPITAL (ROIC)
6.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
9.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.92%
CURRENT VS TTM AVG
-12.02%
CURRENT VS 3Y AVG
-13.77%
CURRENT VS 5Y AVG
-11.82%
CURRENT VS 10Y AVG
-17.84%
CURRENT VS 15Y AVG
-34.17%
CURRENT VS 20Y AVG
-37.90%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.18%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
-24.72%
vs the sector median at left
McCormick & Company, Incorporated
Market Cap
$13.40B
Return on Invested Capital (ROIC)
6.16%
TTM Avg
7.00%
3Y Avg
7.15%
5Y Avg
6.99%
Market Cap
$13.01B
Return on Invested Capital (ROIC)
6.96%
TTM Avg
2.54%
3Y Avg
2.92%
5Y Avg
4.02%
Market Cap
$12.23B
Return on Invested Capital (ROIC)
12.96%
TTM Avg
13.07%
3Y Avg
12.75%
5Y Avg
13.99%
Market Cap
$11.45B
Return on Invested Capital (ROIC)
3.16%
TTM Avg
5.60%
3Y Avg
6.70%
5Y Avg
7.53%
Market Cap
$10.54B
Return on Invested Capital (ROIC)
20.67%
TTM Avg
22.68%
3Y Avg
17.92%
5Y Avg
17.53%
Market Cap
$18.63B
Return on Invested Capital (ROIC)
3.32%
TTM Avg
3.16%
3Y Avg
3.97%
5Y Avg
5.70%
Market Cap
$7.90B
Return on Invested Capital (ROIC)
9.90%
TTM Avg
9.28%
3Y Avg
6.44%
5Y Avg
6.44%
Market Cap
$7.37B
Return on Invested Capital (ROIC)
-11.90%
TTM Avg
-2.96%
3Y Avg
-0.13%
5Y Avg
0.44%
Market Cap
$19.52B
Return on Invested Capital (ROIC)
8.33%
TTM Avg
6.26%
3Y Avg
8.86%
5Y Avg
9.72%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| McCormick & Company, Incorporated (MKC) | $13.40B | 6.16% | 7.00% | 7.15% | 6.99% |
| The J. M. Smucker Company (SJM)vs › | $13.01B | 6.96% | 2.54% | 2.92% | 4.02% |
| Brown-Forman Corporation (BF-B)vs › | $12.23B | 12.96% | 13.07% | 12.75% | 13.99% |
| Hormel Foods Corporation (HRL)vs › | $11.45B | 3.16% | 5.60% | 6.70% | 7.53% |
| The Clorox Company (CLX)vs › | $10.54B | 20.67% | 22.68% | 17.92% | 17.53% |
| Tyson Foods, Inc. (TSN)vs › | $18.63B | 3.32% | 3.16% | 3.97% | 5.70% |
| Smithfield Foods, Inc. (SFD)vs › | $7.90B | 9.90% | 9.28% | 6.44% | 6.44% |
| Molson Coors Beverage Company (TAP)vs › | $7.37B | -11.90% | -2.96% | -0.13% | 0.44% |
| General Mills, Inc. (GIS)vs › | $19.52B | 8.33% | 6.26% | 8.86% | 9.72% |
| Conagra Brands, Inc. (CAG)vs › | $7.19B | -10.93% | -10.93% | -0.31% | 1.66% |
ROIC
6.2%
ROE
23.3%
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) |
|---|---|
| 2026-05-31 | 6.16% |
| 2026-02-28 | 6.12% |
| 2025-11-30 | 7.81% |
| 2025-08-31 | 7.47% |
| 2025-05-31 | 7.45% |
| 2025-02-28 | 7.80% |
| 2024-11-30 | 7.86% |
| 2024-08-31 | 7.63% |
| 2024-05-31 | 7.32% |
| 2024-02-29 | 7.12% |
| 2023-11-30 | 7.07% |
| 2023-08-31 | 6.57% |
| 2023-05-31 | 6.50% |
| 2023-02-28 | 5.95% |
| 2022-11-30 | 6.18% |
| 2022-08-31 | 6.23% |
| 2022-05-31 | 6.63% |
| 2022-02-28 | 7.14% |
| 2021-11-30 | 7.36% |
| 2021-08-31 | 7.18% |
| 2021-05-31 | 7.17% |
| 2021-02-28 | 7.40% |
| 2020-11-30 | 7.95% |
| 2020-08-31 | 8.83% |
| 2020-05-31 | 8.89% |
| 2020-02-29 | 8.36% |
| 2019-11-30 | 8.79% |
| 2019-08-31 | 8.63% |
| 2019-05-31 | 8.56% |
| 2019-02-28 | 8.30% |
| 2018-11-30 | 10.05% |
| 2018-08-31 | 9.48% |
| 2018-05-31 | 8.72% |
| 2018-02-28 | 8.10% |
| 2017-11-30 | 5.91% |
| 2017-08-31 | 5.25% |
| 2017-05-31 | 12.39% |
| 2017-02-28 | 12.47% |
| 2016-11-30 | 13.42% |
| 2016-08-31 | 12.16% |
| 2016-05-31 | 11.49% |
| 2016-02-29 | 11.82% |
| 2015-11-30 | 11.55% |
| 2015-08-31 | 10.92% |
| 2015-05-31 | 11.93% |
| 2015-02-28 | 12.53% |
| 2014-11-30 | 12.69% |
| 2014-08-31 | 11.62% |
| 2014-05-31 | 11.33% |
| 2014-02-28 | 11.23% |
| 2013-11-30 | 11.38% |
| 2013-08-31 | 11.68% |
| 2013-05-31 | 12.05% |
| 2013-02-28 | 12.56% |
| 2012-11-30 | 12.72% |
| 2012-08-31 | 12.25% |
| 2012-05-31 | 12.06% |
| 2012-02-29 | 11.37% |
| 2011-11-30 | 11.57% |
| 2011-08-31 | 12.43% |
| 2011-05-31 | 13.35% |
| 2011-02-28 | 13.50% |
| 2010-11-30 | 14.14% |
| 2010-08-31 | 13.57% |
| 2010-05-31 | 12.87% |
| 2010-02-28 | 12.08% |
| 2009-11-30 | 11.83% |
| 2009-08-31 | 10.35% |
| 2009-05-31 | 10.02% |
| 2009-02-28 | 10.40% |
| 2008-11-30 | 10.41% |
| 2008-08-31 | 9.60% |
| 2008-05-31 | 11.82% |
| 2008-02-29 | 11.61% |
| 2007-11-30 | 12.18% |
| 2007-08-31 | 11.73% |
| 2007-05-31 | 11.53% |
| 2007-02-28 | 11.69% |
| 2006-11-30 | 10.93% |
| 2006-08-31 | 10.79% |
| 2006-05-31 | 11.77% |
| 2006-02-28 | 12.22% |
| 2005-11-30 | 14.10% |
| 2005-08-31 | 13.08% |
| 2005-05-31 | 13.54% |
| 2005-02-28 | 12.98% |
| 2004-11-30 | 13.28% |
| 2004-08-31 | 13.43% |
| 2004-05-31 | 13.27% |
| 2004-02-29 | 12.44% |
| 2003-11-30 | 12.97% |
| 2003-08-31 | 12.87% |
| 2003-05-31 | 12.62% |
