Kraft Heinz Co
Kraft Heinz Co returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 27, 2026 | — | -4.63% | — | -8.78% | -4.39% | — |
| FY 2026 Q1 | Mar 28, 2026 | — | -6.05% | — | -12.61% | -6.69% | — |
| FY 2025 Q4 | Dec 27, 2025 | — | -6.06% | — | -12.87% | -6.87% | — |
| FY 2025 Q3 | Sep 27, 2025 | — | -7.54% | — | -9.73% | -5.13% | — |
| FY 2025 Q2 | Jun 28, 2025 | — | -8.97% | — | -11.68% | -6.19% | — |
| FY 2025 Q1 | Mar 29, 2025 | — | 1.9% | — | 5.36% | 2.94% | — |
| FY 2024 Q4 | Dec 28, 2024 | — | 2.06% | — | 5.56% | 3.07% | — |
| FY 2024 Q3 | Sep 28, 2024 | 2.99% | 3.72% | — | 2.81% | 1.54% | -4.7 pp |
| FY 2024 Q2 | Jun 29, 2024 | 3.79% | 4.61% | — | 3.89% | 2.14% | -3.9 pp |
| FY 2024 Q1 | Mar 30, 2024 | — | — | — | — | — | — |
| FY 2023 Q4 | Dec 30, 2023 | 5.26% | 5.58% | 147.88% | 5.81% | 3.16% | -2.4 pp |
| FY 2023 Q3 | Sep 30, 2023 | 5.29% | 5.51% | 168.7% | 6.13% | 3.33% | -2.4 pp |
| FY 2023 Q2 | Jul 1, 2023 | 5.53% | 5.57% | 201.3% | 6.41% | 3.46% | -2.2 pp |
| FY 2022 Q4 | Dec 31, 2022 | 4.28% | 4.38% | 1,968.9% | 4.82% | 2.57% | -3.4 pp |
| FY 2022 Q3 | Sep 24, 2022 | 3.01% | 2.85% | — | 2.48% | 1.32% | -4.7 pp |
| FY 2022 Q2 | Jun 25, 2022 | 3.53% | 3.29% | — | 3.07% | 1.61% | -4.2 pp |
| FY 2022 Q1 | Mar 26, 2022 | 3.04% | 3.96% | — | 2.45% | 1.27% | -4.7 pp |
| FY 2021 Q4 | Dec 25, 2021 | 2.9% | 3.93% | — | 2.04% | 1.05% | -4.8 pp |
| FY 2021 Q3 | Sep 25, 2021 | 4.51% | 5.69% | — | 4.63% | 2.39% | -3.2 pp |
| FY 2021 Q2 | Jun 26, 2021 | 4.21% | 5.66% | — | 4.37% | 2.22% | -3.5 pp |
| FY 2021 Q1 | Mar 27, 2021 | 1.46% | 2.61% | — | 1.07% | 0.54% | -6.2 pp |
| FY 2020 Q4 | Dec 26, 2020 | 0.97% | 2.3% | — | 0.7% | 0.35% | -6.7 pp |
| FY 2020 Q3 | Sep 26, 2020 | — | 1.27% | — | -0.98% | -0.49% | — |
| FY 2020 Q2 | Jun 27, 2020 | — | 1.3% | — | -0.38% | -0.19% | — |
| FY 2020 Q1 | Mar 28, 2020 | — | — | — | — | — | — |
| FY 2019 Q4 | Dec 28, 2019 | — | — | — | — | — | — |
| FY 2019 Q3 | Sep 28, 2019 | — | — | — | — | — | — |
| FY 2019 Q2 | Jun 29, 2019 | — | — | — | — | — | — |
| FY 2018 Q3 | Sep 29, 2018 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · KHC, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.