Bloom Energy (BE) Return on Capital Employed (2018 - 2026)
Bloom Energy (BE) reported Return on Capital Employed of 4.38% for Q1 2026, up 180.0% on a YoY basis from 1.57% in Q1 2025, and up 74.18% quarter-over-quarter from 2.52% in Q4 2025.
Bloom Energy (BE) Return on Capital Employed (2018 - 2026) Analysis & Trends
Bloom Energy has reported Return on Capital Employed for 9 years, with the latest figure at 4.38% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed rose 180.0% year-over-year to 4.38%; the trailing twelve-month figure through Mar 2026 stood at 4.38% (up 180.0% YoY), and the FY2025 full-year result was 2.51%, up 130.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 4.38%, up from 2.52% in the prior quarter.
- The five-year high for Return on Capital Employed was 4.38% in Q1 2026, with the low at 19.96% in Q1 2023.
- Historically, Return on Capital Employed has averaged 7.44% across 5 years, with a median of 9.74% in 2024.
- Annual changes were most pronounced in 2022 — Return on Capital Employed plunged 1252 bps — and 2025, when it jumped 1232 bps.
- Bloom Energy's Return on Capital Employed stood at 18.88% in 2022, then surged by 43 bps to 10.86% in 2023, then surged by 111 bps to 1.15% in 2024, then jumped by 119 bps to 2.52% in 2025, then jumped by 74 bps to 4.38% in 2026.
- The last three Return on Capital Employed figures came in at 4.38% (Q1 2026), 2.52% (Q4 2025), and 4.25% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 26.52% |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 4.38% |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 11.66% |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 18.97% |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 13.11% |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 32.43% |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | -16.28% |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 15.83% |
| 10 | EnerSys | 8.53 Bn | 8.10 Bn | 290.87 Mn | 13.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.38% |
| Dec 31, 2025 | 2.52% |
| Sep 30, 2025 | 4.25% |
| Jun 30, 2025 | 3.32% |
| Mar 31, 2025 | 2.58% |
| Dec 31, 2024 | 1.15% |
| Sep 30, 2024 | -3.43% |
| Jun 30, 2024 | -8.05% |
| Mar 31, 2024 | -9.74% |
| Dec 31, 2023 | -10.86% |
| Sep 30, 2023 | -12.58% |
| Jun 30, 2023 | -12.98% |
| Mar 31, 2023 | -19.96% |
| Dec 31, 2022 | -18.88% |
| Sep 30, 2022 | -17.34% |
| Jun 30, 2022 | -18.44% |
| Mar 31, 2022 | -12.36% |
| Dec 31, 2021 | -9.26% |
| Sep 30, 2021 | -9.29% |
| Jun 30, 2021 | -5.91% |