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.
Powered by 
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 | 164.02 Bn | 133.06 Bn | - | - |
| 2 | Southern Copper | 154.30 Bn | 133.16 Bn | 2.90 Bn | 46.23% |
| 3 | Rio Tinto | 135.37 Bn | 95.87 Bn | - | - |
| 4 | Newmont | 113.13 Bn | 78.45 Bn | 4.22 Bn | 26.49% |
| 5 | Freeport-Mcmoran | 93.66 Bn | 89.81 Bn | 2.19 Bn | 14.40% |
| 6 | Agnico Eagle Mines | 86.95 Bn | 76.58 Bn | 2.43 Bn | 21.41% |
| 7 | Barrick Mining | 63.88 Bn | 48.62 Bn | 2.90 Bn | 29.62% |
| 8 | Nucor | 58.56 Bn | 49.10 Bn | 2.03 Bn | 14.21% |
| 9 | ArcelorMittal | 45.28 Bn | 26.31 Bn | - | 3.38% |
| 10 | B2Gold | 6.41 Bn | 4.93 Bn | 308.29 Mn | 44.11% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.11% |
| Mar 31, 2026 | 35.57% |
| Dec 31, 2025 | 23.90% |
| Sep 30, 2025 | 22.03% |
| Jun 30, 2025 | -2.44% |
| Mar 31, 2025 | -11.20% |
| Dec 31, 2024 | -10.09% |
| Sep 30, 2024 | -14.79% |
| Jun 30, 2024 | 2.95% |
| Mar 31, 2024 | 7.34% |
| Dec 31, 2023 | 5.99% |
| Sep 30, 2023 | 12.00% |
| Jun 30, 2023 | 11.60% |
| Mar 31, 2023 | 12.27% |
| Dec 31, 2022 | 12.29% |
| Sep 30, 2022 | 13.43% |
| Jun 30, 2022 | 18.53% |
| Mar 31, 2022 | 18.81% |
| Dec 31, 2021 | 20.18% |
| Sep 30, 2021 | 17.49% |
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();