B2Gold (BTG) Return on Assets [ROA] (2020 - 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] (2020 - 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 | 164.02 Bn | 133.06 Bn | - | - |
| 2 | Southern Copper | 154.30 Bn | 133.16 Bn | 2.90 Bn | 24.66% |
| 3 | Rio Tinto | 135.37 Bn | 95.87 Bn | - | - |
| 4 | Newmont | 113.13 Bn | 78.45 Bn | 4.22 Bn | 16.30% |
| 5 | Freeport-Mcmoran | 93.66 Bn | 89.81 Bn | 2.19 Bn | 7.74% |
| 6 | Agnico Eagle Mines | 86.95 Bn | 76.58 Bn | 2.43 Bn | 16.10% |
| 7 | Barrick Mining | 63.88 Bn | 48.62 Bn | 2.90 Bn | 18.09% |
| 8 | Nucor | 58.56 Bn | 49.10 Bn | 2.03 Bn | 8.97% |
| 9 | ArcelorMittal | 45.28 Bn | 26.31 Bn | - | 1.88% |
| 10 | B2Gold | 6.41 Bn | 4.93 Bn | 308.29 Mn | 29.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.07% |
| Mar 31, 2026 | 21.94% |
| Jun 30, 2025 | -1.52% |
| Mar 31, 2025 | -6.96% |
| Jun 30, 2024 | 2.19% |
| Mar 31, 2024 | 5.59% |
| Jun 30, 2023 | 9.74% |
| Mar 31, 2023 | 10.17% |
| Jun 30, 2022 | 15.58% |
| Mar 31, 2022 | 15.47% |
| Dec 31, 2020 | 36.45% |
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();