Bloom Energy (BE) Return on Invested Capital [ROIC] (2020 - 2026)
Bloom Energy (BE) recorded Return on Invested Capital [ROIC] of 31.22% in Q3 2026, up 18.96 percentage points from 12.27% a year earlier and up 4.60 percentage points from the prior quarter.
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Analysis
Bloom Energy (BE) Return on Invested Capital [ROIC] (2020 - 2026) Analysis & Trends
For FY2025, Bloom Energy reported Return on Invested Capital [ROIC] of 10.53%, up 6.39 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has increased for three straight years, with a five-year change of +169.19 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 4.14% in FY2024 (+49.92 pp), -45.77% in FY2023 (+82.23 pp), -128.01% in FY2022 (-45.49 pp) and -82.52% in FY2021 (+76.14 pp).
- The Q3 2026 figure is the highest quarterly Return on Invested Capital [ROIC] in data going back to Q4 2020.
- Per Business Quant, the preceding three quarters came in at 26.62% (Q2 2026), 14.72% (Q1 2026) and 9.86% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 216.95 Bn | 178.02 Bn | 2.36 Bn | 10.65% |
| 2 | Bloom Energy | 57.07 Bn | 47.00 Bn | 417.10 Mn | 31.22% |
| 3 | First Solar | 18.48 Bn | 9.43 Bn | 605.00 Mn | 16.76% |
| 4 | Nextpower | 11.96 Bn | 7.86 Bn | 335.85 Mn | - |
| 5 | BWX Technologies | 11.65 Bn | 9.95 Bn | 202.31 Mn | 10.63% |
| 6 | Generac Holdings | 11.03 Bn | 9.86 Bn | 521.81 Mn | 7.88% |
| 7 | EnerSys | 6.03 Bn | 4.22 Bn | 313.36 Mn | 13.79% |
| 8 | Enphase Energy | 4.18 Bn | -683.79 Mn | 175.01 Mn | 5.27% |
| 9 | Mirion Technologies | 3.62 Bn | 1.51 Bn | 133.10 Mn | 1.97% |
| 10 | QuantumScape | 2.50 Bn | -1.05 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 31.22% |
| Jun 30, 2026 | 26.62% |
| Mar 31, 2026 | 14.72% |
| Dec 31, 2025 | 9.86% |
| Sep 30, 2025 | 12.27% |
| Dec 31, 2023 | -40.73% |
| Sep 30, 2023 | -60.87% |
| Jun 30, 2023 | -52.67% |
| Mar 31, 2023 | -61.86% |
| Dec 31, 2022 | -85.51% |
| Sep 30, 2022 | -530.88% |
| Dec 31, 2021 | -975.23% |
| Sep 30, 2021 | -136.03% |
| Jun 30, 2021 | -37.60% |
| Mar 31, 2021 | -21.96% |
| Dec 31, 2020 | -63.75% |
API Access
Bloom Energy 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=BE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "BE", "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=BE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();