B2Gold (BTG) Return on Capital Employed (2020 - 2025)
B2Gold (BTG) posted quarterly Return on Capital Employed of 70.28% for Q4 2025, up 7078.0% year-over-year from 0.98% in Q4 2024, and up 14058.01% quarter-over-quarter from 0.5% in Q4 2024.
B2Gold (BTG) Return on Capital Employed (2020 - 2025) Analysis & Trends
B2Gold's Return on Capital Employed history runs 6 years deep, the most recent figure standing at 70.28% for Q4 2025.
- In Q4 2025, Return on Capital Employed rose 7078.0% year-over-year to 70.28%; the TTM figure through Dec 2025 stood at 70.28% (up 7078.0% YoY), while the FY2025 annual figure was 32.26%, up 3808.0% from the prior year.
- Return on Capital Employed for Q4 2025 stood at 70.28%, up from 0.5% in the prior quarter.
- The five-year high for Return on Capital Employed was 70.28% in Q4 2025, with the low at 0.5% in Q4 2024.
- The 5-year median for Return on Capital Employed is 31.59% (2022), against an average of 33.02%.
- The sharpest annual moves came in 2021 and 2025: Return on Capital Employed tumbled 1784 bps in 2021, then soared 7078 bps in 2025.
- B2Gold's Return on Capital Employed stood at 46.57% in 2021, then slumped by 32 bps to 31.59% in 2022, then sank by 46 bps to 17.19% in 2023, then sank by 103 bps to 0.5% in 2024, then soared by 14058 bps to 70.28% in 2025.
- Business Quant data shows BTG's Return on Capital Employed at 70.28% in Q4 2025, 0.5% in Q4 2024, and 17.19% in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 140.45 Bn | 131.44 Bn | 4.03 Bn | 9.92% |
| 2 | Agnico Eagle Mines | 108.80 Bn | 105.34 Bn | 2.43 Bn | 24.13% |
| 3 | Barrick Mining | 79.45 Bn | 73.52 Bn | 2.90 Bn | 11.06% |
| 4 | Wheaton Precious Metals | 71.58 Bn | 71.48 Bn | 687.86 Mn | 23.16% |
| 5 | AngloGold Ashanti | 61.94 Bn | 59.11 Bn | 1.70 Bn | 18.19% |
| 6 | Gold Fields | 42.71 Bn | 40.93 Bn | - | - |
| 7 | Pan American Silver | 22.35 Bn | 20.78 Bn | 457,000.00 | - |
| 8 | Royal Gold | 21.96 Bn | 21.77 Bn | 390.45 Mn | 10.17% |
| 9 | Coeur Mining | 21.68 Bn | 20.62 Bn | 535.85 Mn | 9.10% |
| 10 | B2Gold | 7.38 Bn | 7.38 Bn | 308.29 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 70.28% |
| Dec 31, 2024 | -0.50% |
| Dec 31, 2023 | 17.19% |
| Dec 31, 2022 | 31.59% |
| Dec 31, 2021 | 46.57% |
| Dec 31, 2020 | 64.41% |