Kaival Brands Innovations (KAVL) Return on Invested Capital [ROIC] (2023 - 2025)
Kaival Brands Innovations' Return on Invested Capital [ROIC] was -326.38% in fiscal Q4 2025 (quarter ended Oct 31, 2025), down 285.50 percentage points from -40.88% a year earlier and down 249.70 percentage points from the prior quarter.
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Analysis
Kaival Brands Innovations (KAVL) Return on Invested Capital [ROIC] (2023 - 2025) Analysis & Trends
For FY2025 (ended Oct 31, 2025), Return on Invested Capital [ROIC] at Kaival Brands Innovations came in at -235.37%, down 195.14 percentage points from FY2024.
- In earlier fiscal years, Return on Invested Capital [ROIC] was -40.23% in FY2024 (+48.06 pp) and -88.29% in FY2023.
- The fiscal Q4 2025 figure marks the lowest quarterly Return on Invested Capital [ROIC] in data going back to fiscal Q4 2023.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for three straight quarters, with an average year-over-year change of -57.62 percentage points over the last five quarters.
- Per Business Quant data, KAVL's Return on Invested Capital [ROIC] in the three fiscal quarters before Q4 2025 was -76.68% (Q3 2025), -75.52% (Q2 2025) and -60.44% (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 310.95 Bn | 289.94 Bn | 7.85 Bn | 32.08% |
| 2 | British American Tobacco p.l.c | 137.57 Bn | 114.22 Bn | - | - |
| 3 | Altria | 124.10 Bn | 110.30 Bn | 3.82 Bn | 38.90% |
| 4 | RLX Technology | 2.51 Bn | -1.24 Bn | 52.74 Mn | 3.63% |
| 5 | Verano Holdings | 2.17 Bn | 1.84 Bn | 99.70 Mn | -12.28% |
| 6 | Curaleaf Holdings | 2.09 Bn | 1.70 Bn | 169.91 Mn | 1.35% |
| 7 | Trulieve Cannabis | 2.00 Bn | 614.45 Mn | 162.29 Mn | -24.18% |
| 8 | Turning Point Brands | 1.28 Bn | 415.13 Mn | 93.70 Mn | 9.05% |
| 9 | Cronos | 1.24 Bn | -1.98 Bn | 28.45 Mn | - |
| 10 | Kaival Brands Innovations | 312,505.79 | -1.43 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Oct 31, 2025 | -326.38% |
| Jul 31, 2025 | -76.68% |
| Apr 30, 2025 | -75.52% |
| Jan 31, 2025 | -60.44% |
| Oct 31, 2024 | -40.88% |
| Jul 31, 2024 | -53.47% |
| Apr 30, 2024 | -58.68% |
| Jan 31, 2024 | -69.61% |
| Oct 31, 2023 | -69.13% |
API Access
Kaival Brands Innovations Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=KAVL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "KAVL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=KAVL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();