B2Gold (BTG) Return on Capital Employed (2020 - 2025)

B2Gold's Return on Capital Employed history runs 6 years deep, the most recent figure standing at 66.51% for Q4 2025.

• In Q4 2025, Return on Capital Employed rose 7926.0% year-over-year to 66.51%; the TTM figure through Dec 2025 stood at 66.51% (up 7926.0% YoY), while the FY2025 annual figure was 32.26%, up 3808.0% from the prior year.
• Return on Capital Employed was 66.51% for Q4 2025 at B2Gold, up from 12.76% in the prior quarter.
• In the past five years, Return on Capital Employed ranged from a high of 66.51% in Q4 2025 to a low of 12.76% in Q4 2024.
• Historically, Return on Capital Employed has averaged 27.68% across 5 years, with a median of 30.96% in 2022.
• The sharpest annual moves came in 2021 and 2025: Return on Capital Employed plunged 2691 bps in 2021, then soared 7926 bps in 2025.
• A 5-year view of Return on Capital Employed shows it stood at 40.65% in 2021, then slipped by 24 bps to 30.96% in 2022, then tumbled by 58 bps to 13.04% in 2023, then sank by 198 bps to 12.76% in 2024, then soared by 621 bps to 66.51% in 2025.
• The last three Return on Capital Employed figures came in at 66.51% (Q4 2025), 12.76% (Q4 2024), and 13.04% (Q4 2023), per Business Quant data.