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 13.22% is in line with its 5-year average of 13.00%, around the middle of its 5-year range (10.27%–15.53%).
As of the fiscal period ended Saturday, June 13, 2026. 3.04% above its 12-month average of 12.83%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
13.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
12.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
13.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
12.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
12.97%
CURRENT VS TTM AVG
+3.04%
CURRENT VS 3Y AVG
+3.75%
CURRENT VS 5Y AVG
+1.64%
CURRENT VS 10Y AVG
+5.79%
CURRENT VS 15Y AVG
+11.75%
CURRENT VS 20Y AVG
+1.89%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.18%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
+61.46%
vs the sector median at left
PepsiCo, Inc.
Market Cap
$189.12B
Return on Invested Capital (ROIC)
13.22%
TTM Avg
12.83%
3Y Avg
12.74%
5Y Avg
13.00%
Market Cap
$157.02B
Return on Invested Capital (ROIC)
6.32%
TTM Avg
6.28%
3Y Avg
6.18%
5Y Avg
5.47%
Market Cap
$254.29B
Return on Invested Capital (ROIC)
10.80%
TTM Avg
10.70%
3Y Avg
10.55%
5Y Avg
10.64%
Market Cap
$118.95B
Return on Invested Capital (ROIC)
8.04%
TTM Avg
5.20%
3Y Avg
0.31%
5Y Avg
2.23%
Market Cap
$113.83B
Return on Invested Capital (ROIC)
34.45%
TTM Avg
32.83%
3Y Avg
31.76%
5Y Avg
28.00%
Market Cap
$287.92B
Return on Invested Capital (ROIC)
26.30%
TTM Avg
25.50%
3Y Avg
23.51%
5Y Avg
27.79%
Market Cap
$84.40B
Return on Invested Capital (ROIC)
21.32%
TTM Avg
21.92%
3Y Avg
19.60%
5Y Avg
20.74%
Market Cap
$78.66B
Return on Invested Capital (ROIC)
6.47%
TTM Avg
7.29%
3Y Avg
6.73%
5Y Avg
6.46%
Market Cap
$73.90B
Return on Invested Capital (ROIC)
11.35%
TTM Avg
10.53%
3Y Avg
11.02%
5Y Avg
12.78%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| PepsiCo, Inc. (PEP) | $189.12B | 13.22% | 12.83% | 12.74% | 13.00% |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $157.02B | 6.32% | 6.28% | 6.18% | 5.47% |
| Nestlé S.A. (NSRGY)vs › | $254.29B | 10.80% | 10.70% | 10.55% | 10.64% |
| British American Tobacco p.l.c. (BTI)vs › | $118.95B | 8.04% | 5.20% | 0.31% | 2.23% |
| Altria Group, Inc. (MO)vs › | $113.83B | 34.45% | 32.83% | 31.76% | 28.00% |
| Philip Morris International Inc. (PM)vs › | $287.92B | 26.30% | 25.50% | 23.51% | 27.79% |
| Monster Beverage Corporation (MNST)vs › | $84.40B | 21.32% | 21.92% | 19.60% | 20.74% |
| Mondelez International, Inc. (MDLZ)vs › | $78.66B | 6.47% | 7.29% | 6.73% | 6.46% |
| Target Corporation (TGT)vs › | $73.90B | 11.35% | 10.53% | 11.02% | 12.78% |
| Colgate-Palmolive Company (CL)vs › | $70.74B | 29.91% | 30.60% | 27.18% | 26.90% |
ROIC
13.2%
ROE
47.5%
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) |
|---|---|
| 2026-06-13 | 13.22% |
| 2026-03-21 | 13.23% |
| 2025-12-27 | 13.40% |
| 2025-09-06 | 11.97% |
| 2025-06-14 | 12.31% |
| 2025-03-22 | 12.92% |
| 2024-12-31 | 13.84% |
| 2024-09-07 | 12.96% |
| 2024-06-15 | 13.15% |
| 2024-03-23 | 12.48% |
| 2023-12-31 | 12.75% |
| 2023-09-09 | 11.74% |
| 2023-06-17 | 11.62% |
| 2023-03-25 | 10.27% |
| 2022-12-31 | 14.03% |
| 2022-09-03 | 15.30% |
| 2022-06-11 | 14.53% |
| 2022-03-19 | 15.53% |
| 2021-12-31 | 12.39% |
| 2021-09-04 | 12.21% |
| 2021-06-12 | 12.29% |
| 2021-03-20 | 11.32% |
| 2020-12-31 | 10.88% |
| 2020-09-05 | 10.88% |
| 2020-06-13 | 10.67% |
| 2020-03-21 | 11.79% |
| 2019-12-31 | 13.32% |
| 2019-09-07 | 16.64% |
| 2019-06-15 | 17.08% |
| 2019-03-23 | 17.28% |
| 2018-12-31 | 16.98% |
| 2018-09-08 | 9.67% |
| 2018-06-16 | 8.88% |
| 2018-03-24 | 8.33% |
| 2017-12-31 | 8.74% |
| 2017-09-09 | 12.19% |
| 2017-06-17 | 12.17% |
| 2017-03-25 | 12.40% |
| 2016-12-31 | 12.32% |
| 2016-09-03 | 12.49% |
| 2016-06-11 | 10.06% |
| 2016-03-19 | 10.31% |
| 2015-12-31 | 10.99% |
| 2015-09-05 | 10.12% |
| 2015-06-13 | 12.19% |
| 2015-03-21 | 12.50% |
| 2014-12-31 | 12.48% |
| 2014-09-06 | 11.37% |
| 2014-06-14 | 11.14% |
| 2014-03-22 | 11.47% |
| 2013-12-31 | 11.41% |
| 2013-09-07 | 11.53% |
| 2013-06-15 | 11.45% |
| 2013-03-23 | 10.67% |
| 2012-12-31 | 10.93% |
| 2012-09-08 | 10.53% |
| 2012-06-16 | 10.87% |
| 2012-03-24 | 11.17% |
| 2011-12-31 | 11.56% |
| 2011-09-03 | 11.28% |
| 2011-06-11 | 10.98% |
| 2011-03-19 | 10.63% |
| 2010-12-31 | 11.22% |
| 2010-09-04 | 11.25% |
| 2010-06-12 | 10.65% |
| 2010-03-20 | 10.55% |
| 2009-12-31 | 18.87% |
| 2009-09-05 | 18.01% |
| 2009-06-13 | 17.93% |
| 2009-03-21 | 18.87% |
| 2008-12-31 | 18.48% |
| 2008-09-06 | 18.18% |
| 2008-06-14 | 19.59% |
| 2008-03-22 | 19.15% |
| 2007-12-31 | 19.78% |
| 2007-09-08 | 23.63% |
| 2007-06-16 | 22.26% |
| 2007-03-24 | 22.92% |
| 2006-12-31 | 22.24% |
| 2006-09-09 | 18.24% |
| 2006-06-17 | 16.08% |
| 2006-03-25 | 15.19% |
| 2005-12-31 | 15.01% |
| 2005-09-03 | 15.08% |
| 2005-06-11 | 17.48% |
| 2005-03-19 | 17.39% |
| 2004-12-31 | 17.76% |
| 2004-09-04 | 17.86% |
| 2004-06-12 | 16.84% |
| 2004-03-20 | 16.79% |
| 2003-12-31 | 17.19% |
| 2003-09-30 | 17.96% |
| 2003-06-14 | 17.86% |
