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 25.56% is in line with its 5-year average of 27.79%, near the low end of its 5-year range (19.76%–40.60%).
As of the fiscal period ended Wednesday, December 31, 2025. 0.24% above its 12-month average of 25.50%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
25.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
25.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
23.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
27.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
28.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
31.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
31.27%
CURRENT VS TTM AVG
+0.24%
CURRENT VS 3Y AVG
+8.73%
CURRENT VS 5Y AVG
-8.04%
CURRENT VS 10Y AVG
-11.84%
CURRENT VS 15Y AVG
-18.90%
CURRENT VS 20Y AVG
-18.26%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.90%
median of 46 covered companies
CURRENT VS SECTOR MEDIAN
+187.19%
vs the sector median at left
Philip Morris International Inc.
Market Cap
$289.34B
Return on Invested Capital (ROIC)
25.56%
TTM Avg
25.50%
3Y Avg
23.51%
5Y Avg
27.79%
Market Cap
$342.86B
Return on Invested Capital (ROIC)
15.78%
TTM Avg
16.13%
3Y Avg
15.72%
5Y Avg
15.67%
Market Cap
$372.90B
Return on Invested Capital (ROIC)
13.00%
TTM Avg
11.73%
3Y Avg
11.68%
5Y Avg
11.07%
Market Cap
$187.77B
Return on Invested Capital (ROIC)
13.29%
TTM Avg
13.51%
3Y Avg
13.40%
5Y Avg
12.79%
Market Cap
$419.82B
Return on Invested Capital (ROIC)
19.13%
TTM Avg
19.66%
3Y Avg
18.55%
5Y Avg
18.02%
Market Cap
$155.78B
Return on Invested Capital (ROIC)
6.32%
TTM Avg
6.27%
3Y Avg
6.16%
5Y Avg
5.06%
Market Cap
$108.27B
Return on Invested Capital (ROIC)
34.32%
TTM Avg
33.76%
3Y Avg
32.23%
5Y Avg
28.31%
Market Cap
$89.03B
Return on Invested Capital (ROIC)
21.74%
TTM Avg
21.92%
3Y Avg
19.60%
5Y Avg
20.74%
Market Cap
$78.55B
Return on Invested Capital (ROIC)
5.13%
TTM Avg
7.29%
3Y Avg
6.73%
5Y Avg
6.45%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Philip Morris International Inc. (PM) | $289.34B | 25.56% | 25.50% | 23.51% | 27.79% |
| The Procter & Gamble Company (PG)vs › | $342.86B | 15.78% | 16.13% | 15.72% | 15.67% |
| The Coca-Cola Company (KO)vs › | $372.90B | 13.00% | 11.73% | 11.68% | 11.07% |
| PepsiCo, Inc. (PEP)vs › | $187.77B | 13.29% | 13.51% | 13.40% | 12.79% |
| Costco Wholesale Corporation (COST)vs › | $419.82B | 19.13% | 19.66% | 18.55% | 18.02% |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $155.78B | 6.32% | 6.27% | 6.16% | 5.06% |
| Altria Group, Inc. (MO)vs › | $108.27B | 34.32% | 33.76% | 32.23% | 28.31% |
| Monster Beverage Corporation (MNST)vs › | $89.03B | 21.74% | 21.92% | 19.60% | 20.74% |
| Mondelez International, Inc. (MDLZ)vs › | $78.55B | 5.13% | 7.29% | 6.73% | 6.45% |
| Colgate-Palmolive Company (CL)vs › | $74.04B | 30.34% | 30.45% | 27.00% | 26.68% |
ROIC
25.6%
ROE
-113.5%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 25.56% |
| 2024-12-31 | 25.44% |
| 2023-12-31 | 19.76% |
| 2022-12-31 | 23.27% |
| 2021-12-31 | 40.60% |
| 2020-12-31 | 32.13% |
| 2019-12-31 | 28.56% |
| 2018-12-31 | 31.95% |
| 2017-12-31 | 22.97% |
| 2016-12-31 | 33.43% |
| 2015-12-31 | 35.25% |
| 2014-12-31 | 36.87% |
| 2013-12-31 | 39.12% |
| 2012-12-31 | 38.02% |
| 2011-12-31 | 39.28% |
| 2010-12-31 | 32.05% |
| 2009-12-31 | 28.82% |
| 2008-12-31 | 32.49% |
| 2007-12-31 | 26.04% |
| 2006-12-31 | 31.61% |
| 2005-12-31 | 33.45% |
| 2004-12-31 | 30.43% |
| 2003-12-31 | 23.32% |
| 2001-10-01 | 11.91% |
