B2Gold (BTG) Return on Capital Employed (2020 - 2025)
B2Gold (BTG) posted quarterly Return on Capital Employed of 70.28% for Q4 2025, up 7075.0% year-over-year from 0.98% in Q4 2024, and up 14870.01% on a QoQ basis from 0.48% in Q4 2024.
B2Gold (BTG) Return on Capital Employed (2020 - 2025) Analysis & Trends
B2Gold (BTG) has reported Return on Capital Employed for 6 consecutive years, with 70.28% the latest figure, recorded in Q4 2025.
- In Q4 2025, Return on Capital Employed rose 7075.0% year-over-year to 70.28%; the TTM figure through Dec 2025 stood at 70.28% (up 7075.0% YoY), while the FY2025 annual figure was 32.26%, up 3808.0% from the prior year.
- Return on Capital Employed came in at 70.28% for Q4 2025 at B2Gold, up from 0.48% in the prior quarter.
- The five-year high for Return on Capital Employed was 70.28% in Q4 2025, with the low at 0.48% in Q4 2024.
- Average Return on Capital Employed over 5 years is 34.22%, with a median of 37.55% recorded in 2022.
- Across the five-year window, Return on Capital Employed plunged 2038 bps in 2023 and jumped 7075 bps in 2025, its largest moves.
- Year by year, Return on Capital Employed stood at 46.57% in 2021, then slipped by 19 bps to 37.55% in 2022, then tumbled by 54 bps to 17.17% in 2023, then slumped by 103 bps to 0.48% in 2024, then soared by 14870 bps to 70.28% in 2025.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 70.28%, 0.48%, and 17.17% for Q4 2025, Q4 2024, and Q4 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 9.05% |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 41.57% |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 21.10% |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | - |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | - |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | - |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 19.41% |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | - |
| 10 | B2Gold | 5.12 Bn | 5.16 Bn | 609.77 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 70.28% |
| Dec 31, 2024 | -0.48% |
| Dec 31, 2023 | 17.19% |
| Dec 31, 2022 | 30.29% |
| Dec 31, 2021 | 46.57% |
| Dec 31, 2020 | 64.41% |