B2Gold (BTG) Return on Equity [ROE] (2013 - 2026)
B2Gold (BTG) recorded Return on Equity [ROE] of 52.62% in the quarter ended Jun 30, 2026, up 7.57 percentage points from the prior quarter.
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Analysis
B2Gold (BTG) Return on Equity [ROE] (2013 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, B2Gold reported Return on Equity [ROE] of 12.85%, up 30.89 percentage points from the prior year.
- Annual Return on Equity [ROE] has a five-year change of -15.69 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Return on Equity [ROE] came in at -18.04% in the year ended Dec 31, 2024 (-19.23 pp), 1.18% in the year ended Dec 31, 2023 (-8.26 pp), 9.44% in the year ended Dec 31, 2022 (-6.95 pp) and 16.39% in the year ended Dec 31, 2021 (-12.14 pp).
- Quarterly Return on Equity [ROE] has ranged from -33.03% in the quarter ended Dec 31, 2024 to 64.50% in the quarter ended Dec 31, 2025 over the past five years.
- On a year-over-year basis, Return on Equity [ROE] rose in two of the last four quarters, with an average year-over-year change of +24.06 percentage points.
- Peak year-over-year performance for Return on Equity [ROE] in the last five years was a gain of 97.53 percentage points in the quarter ended Dec 31, 2025, against a drop of 39.52 percentage points in the quarter ended Dec 31, 2024 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | 46.23% |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | 24.87% |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | 4.44% |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | 14.40% |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn | 21.41% |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn | 34.97% |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 14.21% |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | 3.26% |
| 10 | B2Gold | 6.98 Bn | 7.02 Bn | 308.29 Mn | 52.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 52.62% |
| Mar 31, 2026 | 45.05% |
| Dec 31, 2025 | 64.50% |
| Mar 31, 2025 | -31.88% |
| Dec 31, 2024 | -33.03% |
| Mar 31, 2024 | 6.81% |
| Dec 31, 2023 | 6.49% |
| Jun 30, 2023 | 28.46% |
| Mar 31, 2023 | 14.22% |
| Dec 31, 2022 | 12.76% |
| Sep 30, 2022 | 25.81% |
| Dec 31, 2021 | 39.64% |
| Dec 31, 2020 | 38.69% |
| Sep 30, 2020 | 44.80% |
| Mar 31, 2020 | 39.07% |
| Dec 31, 2019 | 33.13% |
| Jun 30, 2019 | 2.79% |
| Mar 31, 2019 | 0.67% |
| Dec 31, 2018 | 2.96% |
| Sep 30, 2018 | 5.50% |
API Access
B2Gold Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=BTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=BTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();