B2Gold (BTG) Return on Assets [ROA] (2019 - 2026)
B2Gold's Return on Assets [ROA] was 32.26% in the quarter ended Jun 30, 2026, up 34.87 percentage points from -2.61% a year earlier and up 4.84 percentage points from the prior quarter.
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Analysis
B2Gold (BTG) Return on Assets [ROA] (2019 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Return on Assets [ROA] at B2Gold came in at 7.98%, up 20.92 percentage points from the prior year.
- Return on Assets [ROA] shows a five-year change of -14.26 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Return on Assets [ROA] was -12.94% in the year ended Dec 31, 2024 (-13.91 pp), 0.97% in the year ended Dec 31, 2023 (-6.95 pp), 7.92% in the year ended Dec 31, 2022 (-5.39 pp) and 13.31% in the year ended Dec 31, 2021 (-8.93 pp).
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Return on Assets [ROA] since the quarter ended Sep 30, 2021.
- Compared with a year earlier, Return on Assets [ROA] has increased for four straight quarters, with an average year-over-year change of +8.03 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Assets [ROA] over five years was the quarter ended Sep 30, 2025 (a gain of 37.90 percentage points); the worst was the quarter ended Sep 30, 2022 (a drop of 1883.28 percentage points).
- Per Business Quant data, BTG's Return on Assets [ROA] in the three quarters before the quarter ended Jun 30, 2026 was 27.43% (quarter ended Mar 31, 2026), 19.96% (quarter ended Dec 31, 2025) and 13.16% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | - |
| 2 | Southern Copper | 166.32 Bn | 145.19 Bn | 2.90 Bn | 24.66% |
| 3 | Newmont | 120.84 Bn | 89.01 Bn | 4.03 Bn | 15.21% |
| 4 | Ternium | 110.94 Bn | 75.99 Bn | 941.02 Mn | 3.02% |
| 5 | Freeport-Mcmoran | 99.52 Bn | 95.67 Bn | 2.19 Bn | 7.74% |
| 6 | Agnico Eagle Mines | 90.25 Bn | 90.25 Bn | 2.43 Bn | 16.10% |
| 7 | Barrick Mining | 67.10 Bn | 51.84 Bn | 2.90 Bn | 24.54% |
| 8 | Nucor | 53.52 Bn | 44.06 Bn | 2.03 Bn | 8.97% |
| 9 | ArcelorMittal | 49.13 Bn | 30.16 Bn | - | 1.88% |
| 10 | B2Gold | 6.92 Bn | 6.95 Bn | 308.29 Mn | 32.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.26% |
| Mar 31, 2026 | 27.43% |
| Dec 31, 2025 | 19.96% |
| Sep 30, 2025 | 13.16% |
| Jun 30, 2025 | -2.61% |
| Mar 31, 2025 | -9.55% |
| Dec 31, 2024 | -10.11% |
| Sep 30, 2024 | -24.74% |
| Jun 30, 2024 | 12.29% |
| Mar 31, 2024 | 5.27% |
| Dec 31, 2023 | 2.52% |
| Sep 30, 2023 | 8.51% |
| Jun 30, 2023 | 9.89% |
| Mar 31, 2023 | 11.98% |
| Dec 31, 2022 | 10.78% |
| Sep 30, 2022 | 20.66% |
| Dec 31, 2021 | 30.55% |
| Sep 30, 2021 | 1,903.94% |
| Dec 31, 2020 | 61.28% |
| Mar 31, 2020 | 27.52% |
API Access
B2Gold Return on Assets [ROA] 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-assets-%5Broa%5D&ticker=BTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "ticker": "BTG", "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-assets-%5Broa%5D&ticker=BTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();