J M SMUCKER Co
J M SMUCKER 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 2027 Q1 | Jul 31, 2026 | — | 5.76% | — | 3.93% | 1.35% | — |
| FY 2026 Q4 | Apr 30, 2026 | — | 2.52% | — | -2.39% | -0.82% | — |
| FY 2026 Q3 | Jan 31, 2026 | — | -4.71% | — | -20.68% | -7.24% | — |
| FY 2026 Q2 | Oct 31, 2025 | — | -4.63% | — | -17.44% | -6.34% | — |
| FY 2026 Q1 | Jul 31, 2025 | — | -6.23% | — | -21.32% | -7.66% | — |
| FY 2025 Q4 | Apr 30, 2025 | — | -4.29% | — | -17.87% | -6.51% | — |
| FY 2025 Q3 | Jan 31, 2025 | — | 2.01% | — | -3.55% | -1.33% | — |
| FY 2025 Q2 | Oct 31, 2024 | — | 7.47% | — | 7.15% | 2.76% | — |
| FY 2025 Q1 | Jul 31, 2024 | — | 9.21% | — | 10.09% | 4.25% | — |
| FY 2024 Q4 | Apr 30, 2024 | — | 8.85% | — | 9.93% | 4.22% | — |
| FY 2024 Q3 | Jan 31, 2024 | — | 1.66% | — | -1.28% | -0.56% | — |
| FY 2024 Q2 | Oct 31, 2023 | — | 1.88% | — | -0.18% | -0.08% | — |
| FY 2024 Q1 | Jul 31, 2023 | — | 2.09% | — | -0.23% | -0.11% | — |
| FY 2023 Q4 | Apr 30, 2023 | — | 1.16% | — | -1.18% | -0.59% | — |
| FY 2023 Q3 | Jan 31, 2023 | — | 7.65% | — | 8.57% | 4.45% | — |
| FY 2023 Q2 | Oct 31, 2022 | — | 6.49% | — | 6.94% | 3.53% | — |
| FY 2023 Q1 | Jul 31, 2022 | — | 6.85% | — | 7.2% | 3.62% | — |
| FY 2022 Q4 | Apr 30, 2022 | — | 7.44% | — | 7.77% | 3.91% | — |
| FY 2022 Q3 | Jan 31, 2022 | — | 6.81% | — | 7% | 3.56% | — |
| FY 2022 Q2 | Oct 31, 2021 | — | 8.51% | — | 9.15% | 4.63% | — |
| FY 2022 Q1 | Jul 31, 2021 | — | 9.09% | — | 9.61% | 4.79% | — |
| FY 2021 Q4 | Apr 30, 2021 | — | 9.63% | — | 10.74% | 5.27% | — |
| FY 2021 Q3 | Jan 31, 2021 | — | 10.51% | — | 11.67% | 5.78% | — |
| FY 2021 Q2 | Oct 31, 2020 | — | 9.59% | — | 10.61% | 5.23% | — |
| FY 2021 Q1 | Jul 31, 2020 | — | 9.05% | — | 10.54% | 5.12% | — |
| FY 2020 Q4 | Apr 30, 2020 | — | 8.22% | — | 9.65% | 4.63% | — |
| FY 2020 Q3 | Jan 31, 2020 | — | 6.94% | — | 7.72% | 3.72% | — |
| FY 2020 Q2 | Oct 31, 2019 | — | 6.34% | — | 6.93% | 3.29% | — |
| FY 2020 Q1 | Jul 31, 2019 | — | 6.3% | — | 6.73% | 3.12% | — |
| FY 2019 Q4 | Apr 30, 2019 | 5.18% | 6.49% | — | 6.49% | 3.21% | -2.5 pp |
| FY 2019 Q3 | Jan 31, 2019 | 5.96% | 7.39% | — | 7.95% | 3.9% | -1.7 pp |
| FY 2019 Q2 | Oct 31, 2018 | — | 6.96% | — | 17.77% | 8.14% | — |
| FY 2019 Q1 | Jul 31, 2018 | — | 6.89% | — | 18.1% | 8.11% | — |
| FY 2018 Q4 | Apr 30, 2018 | — | 7.38% | — | 18.16% | 8.65% | — |
| FY 2018 Q3 | Jan 31, 2018 | — | 6.36% | — | 16.79% | 8.11% | — |
| FY 2018 Q2 | Oct 31, 2017 | — | 6.99% | — | 7.97% | 3.57% | — |
| FY 2018 Q1 | Jul 31, 2017 | — | 6.78% | — | 7.83% | 3.46% | — |
| FY 2017 Q4 | Apr 30, 2017 | 5.7% | 7.22% | — | 8.55% | 3.75% | -2 pp |
| FY 2017 Q3 | Jan 31, 2017 | — | 7.18% | — | 9.24% | 4.19% | — |
| FY 2017 Q2 | Oct 31, 2016 | — | 7.66% | — | 10.04% | 4.42% | — |
| FY 2017 Q1 | Jul 31, 2016 | — | 7.69% | — | 10.15% | 4.4% | — |
| FY 2016 Q4 | Apr 30, 2016 | 6.34% | 7.48% | — | 9.77% | 4.19% | -1.4 pp |
| FY 2016 Q3 | Jan 31, 2016 | — | 8.2% | — | 6.49% | 3.21% | — |
| FY 2016 Q2 | Oct 31, 2015 | — | 7.59% | — | 6.18% | 2.94% | — |
| FY 2016 Q1 | Jul 31, 2015 | — | 7.08% | — | 5.96% | 2.81% | — |
| FY 2015 Q4 | Apr 30, 2015 | 5.03% | 6.42% | -1.69% | 5.69% | 2.66% | -2.7 pp |
| FY 2015 Q3 | Jan 31, 2015 | 8.23% | 10.65% | -18.69% | 10.56% | 6.12% | 0.5 pp |
| FY 2015 Q2 | Oct 31, 2014 | 8.21% | 10.81% | -6.35% | 10.75% | 6.02% | 0.5 pp |
| FY 2015 Q1 | Jul 31, 2014 | 8.66% | 10.9% | — | 10.84% | 6.07% | 1 pp |
| FY 2014 Q4 | Apr 30, 2014 | 8.73% | 11.06% | 2.7% | 11.02% | 6.24% | 1 pp |
| FY 2014 Q3 | Jan 31, 2014 | 9.08% | 11.1% | 31.09% | — | 6.35% | 1.4 pp |
| FY 2014 Q2 | Oct 31, 2013 | 8.89% | 11.13% | 259.63% | — | 6.12% | 1.2 pp |
| FY 2014 Q1 | Jul 31, 2013 | 8.94% | 11.12% | — | — | 6.12% | 1.2 pp |
| FY 2013 Q4 | Apr 30, 2013 | 8.71% | 10.75% | — | 10.46% | 6% | 1 pp |
| FY 2013 Q3 | Jan 31, 2013 | 8.28% | 10.18% | — | 9.73% | 5.62% | 0.6 pp |
| FY 2013 Q2 | Oct 31, 2012 | 7.75% | 9.61% | 39.87% | 9.14% | 5.22% | 0 pp |
| FY 2013 Q1 | Jul 31, 2012 | 7.61% | 9.58% | -3.84% | 8.69% | 5.09% | -0.1 pp |
| FY 2012 Q4 | Apr 30, 2012 | 7.69% | 9.53% | -1.93% | 8.79% | 5.27% | -0 pp |
| FY 2012 Q3 | Jan 31, 2012 | 7.54% | 9.1% | — | 8.38% | 5.12% | -0.2 pp |
| FY 2012 Q2 | Oct 31, 2011 | 7.68% | 9.21% | — | 8.57% | 5.24% | -0 pp |
| FY 2012 Q1 | Jul 31, 2011 | 8.34% | 10.08% | — | 9.09% | 5.68% | 0.6 pp |
| FY 2011 Q4 | Apr 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q3 | Jan 31, 2011 | — | — | — | — | — | — |
| FY 2011 Q2 | Oct 31, 2010 | — | — | — | — | — | — |
| FY 2011 Q1 | Jul 31, 2010 | — | — | — | — | — | — |
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 · SJM, 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.