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 10.80% is in line with its 5-year average of 10.64%, around the middle of its 5-year range (8.86%–12.14%).
As of the fiscal period ended Wednesday, December 31, 2025. 0.93% above its 12-month average of 10.70%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
10.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
10.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
10.21%
CURRENT VS TTM AVG
+0.93%
CURRENT VS 3Y AVG
+2.35%
CURRENT VS 5Y AVG
+1.52%
CURRENT VS 10Y AVG
+1.89%
CURRENT VS 15Y AVG
+5.58%
CURRENT VS 20Y AVG
+5.75%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.84%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+22.24%
vs the sector median at left
Nestlé S.A.
Market Cap
$249.99B
Return on Invested Capital (ROIC)
10.80%
TTM Avg
10.70%
3Y Avg
10.55%
5Y Avg
10.64%
Market Cap
$296.88B
Return on Invested Capital (ROIC)
26.30%
TTM Avg
25.50%
3Y Avg
23.51%
5Y Avg
27.79%
Market Cap
$190.86B
Return on Invested Capital (ROIC)
13.22%
TTM Avg
13.62%
3Y Avg
13.51%
5Y Avg
12.88%
Market Cap
$340.27B
Return on Invested Capital (ROIC)
15.78%
TTM Avg
16.14%
3Y Avg
15.75%
5Y Avg
15.70%
Market Cap
$155.78B
Return on Invested Capital (ROIC)
6.32%
TTM Avg
6.28%
3Y Avg
6.18%
5Y Avg
5.47%
Market Cap
$121.39B
Return on Invested Capital (ROIC)
8.04%
TTM Avg
5.20%
3Y Avg
0.31%
5Y Avg
2.23%
Market Cap
$383.19B
Return on Invested Capital (ROIC)
13.91%
TTM Avg
11.75%
3Y Avg
11.72%
5Y Avg
11.10%
Market Cap
$112.99B
Return on Invested Capital (ROIC)
34.45%
TTM Avg
32.83%
3Y Avg
31.76%
5Y Avg
28.00%
Market Cap
$91.35B
Return on Invested Capital (ROIC)
21.32%
TTM Avg
21.92%
3Y Avg
19.60%
5Y Avg
20.74%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nestlé S.A. (NSRGY) | $249.99B | 10.80% | 10.70% | 10.55% | 10.64% |
| Philip Morris International Inc. (PM)vs › | $296.88B | 26.30% | 25.50% | 23.51% | 27.79% |
| PepsiCo, Inc. (PEP)vs › | $190.86B | 13.22% | 13.62% | 13.51% | 12.88% |
| The Procter & Gamble Company (PG)vs › | $340.27B | 15.78% | 16.14% | 15.75% | 15.70% |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $155.78B | 6.32% | 6.28% | 6.18% | 5.47% |
| British American Tobacco p.l.c. (BTI)vs › | $121.39B | 8.04% | 5.20% | 0.31% | 2.23% |
| The Coca-Cola Company (KO)vs › | $383.19B | 13.91% | 11.75% | 11.72% | 11.10% |
| Altria Group, Inc. (MO)vs › | $112.99B | 34.45% | 32.83% | 31.76% | 28.00% |
| Monster Beverage Corporation (MNST)vs › | $91.35B | 21.32% | 21.92% | 19.60% | 20.74% |
| Costco Wholesale Corporation (COST)vs › | $414.50B | 19.01% | 19.82% | 18.70% | 18.20% |
ROIC
10.8%
ROE
26.3%
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) |
|---|---|
| 2025-12-31 | 10.80% |
| 2024-12-31 | 10.60% |
| 2023-12-31 | 11.95% |
| 2022-12-31 | 8.86% |
| 2021-12-31 | 9.48% |
| 2020-12-31 | 12.14% |
| 2019-12-31 | 13.08% |
| 2018-12-31 | 10.67% |
| 2017-12-31 | 10.15% |
| 2016-12-31 | 8.79% |
| 2015-12-31 | 10.08% |
| 2014-12-31 | 10.81% |
| 2013-12-31 | 11.03% |
| 2012-12-31 | 9.80% |
| 2011-12-31 | 9.74% |
| 2010-12-31 | 8.54% |
| 2009-12-31 | 9.80% |
| 2008-12-31 | 20.42% |
| 2007-12-31 | 11.25% |
| 2006-12-31 | 10.56% |
| 2005-12-31 | 9.00% |
| 2004-12-31 | 8.27% |
| 2003-12-31 | 8.62% |
| 2002-12-31 | 9.14% |
| 2001-12-31 | 12.74% |
| 2000-12-31 | 14.51% |
| 1999-12-31 | 14.27% |
| 1998-12-31 | 14.11% |
