B2Gold (BTG) Return on Capital Employed [ROCE] (2019 - 2025)
B2Gold (BTG) posted Return on Capital Employed [ROCE] of 29.26% for the quarter ended Dec 31, 2025, up 35.14 percentage points from -5.88% a year earlier.
Powered by 
Analysis
B2Gold (BTG) Return on Capital Employed [ROCE] (2019 - 2025) Analysis & Trends
For the year ended Dec 31, 2025, B2Gold's Return on Capital Employed [ROCE] came in at 32.26%, up 38.08 percentage points from the prior year.
- Annual Return on Capital Employed [ROCE] shows a five-year change of -6.22 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, B2Gold's Return on Capital Employed [ROCE] was -5.82% in the year ended Dec 31, 2024 (-14.08 pp), 8.26% in the year ended Dec 31, 2023 (-6.57 pp), 14.83% in the year ended Dec 31, 2022 (-7.26 pp) and 22.09% in the year ended Dec 31, 2021 (-16.39 pp).
- The figure for the quarter ended Dec 31, 2025 stands as the highest quarterly Return on Capital Employed [ROCE] since the quarter ended Dec 31, 2021.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | - |
| 2 | Southern Copper | 171.36 Bn | 150.22 Bn | 2.90 Bn | 42.99% |
| 3 | Newmont | 121.76 Bn | 89.94 Bn | 4.03 Bn | 9.92% |
| 4 | Ternium | 113.51 Bn | 78.56 Bn | 941.02 Mn | 7.19% |
| 5 | Freeport-Mcmoran | 103.45 Bn | 99.60 Bn | 2.19 Bn | 13.20% |
| 6 | Agnico Eagle Mines | 91.92 Bn | 91.92 Bn | 2.43 Bn | 42.05% |
| 7 | Barrick Mining | 67.42 Bn | 52.16 Bn | 2.90 Bn | 23.46% |
| 8 | Nucor | 54.54 Bn | 45.08 Bn | 2.03 Bn | 13.42% |
| 9 | ArcelorMittal | 49.09 Bn | 30.12 Bn | - | 3.51% |
| 10 | B2Gold | 6.97 Bn | 7.00 Bn | 308.29 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 29.26% |
| Dec 31, 2024 | -5.88% |
| Dec 31, 2023 | 7.20% |
| Dec 31, 2022 | 14.93% |
| Dec 31, 2021 | 44.72% |
| Dec 31, 2020 | 67.56% |
| Dec 31, 2019 | 40.08% |
API Access
B2Gold Return on Capital Employed [ROCE] 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-capital-employed-%5Broce%5D&ticker=BTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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-capital-employed-%5Broce%5D&ticker=BTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();