Bitcoin Depot (BTM) Return on Capital Employed (2022 - 2025)
Bitcoin Depot's (BTM) quarterly Return on Capital Employed came in at 64.17% in Q4 2025, up 806.0% year-on-year from 7.08% in Q4 2024, and down 13.65% quarter-over-quarter from 74.31% in Q3 2025.
Bitcoin Depot (BTM) Return on Capital Employed (2022 - 2025) Analysis & Trends
Bitcoin Depot has disclosed Return on Capital Employed across 4 years of filings, most recently posting 64.17% for Q4 2025.
- Return on Capital Employed for Q4 2025 came in at 64.17%, up 806.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 64.17% (up 806.0% YoY), and the FY2025 annual result was 98.98%, up 3281.0% from the prior year.
- Return on Capital Employed came in at 64.17% for Q4 2025 at Bitcoin Depot, down from 74.31% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 107.4% in Q3 2023 to a low of 9.59% in Q4 2022.
- The 4-year median for Return on Capital Employed is 59.82% (2024), against an average of 58.35%.
- Across the five-year window, Return on Capital Employed surged 8159 bps in 2023 and tumbled 6989 bps in 2024, its largest moves.
- Bitcoin Depot's Return on Capital Employed stood at 9.59% in 2022, then jumped by 851 bps to 91.18% in 2023, then plunged by 38 bps to 56.11% in 2024, then climbed by 14 bps to 64.17% in 2025.
- The last three Return on Capital Employed figures came in at 64.17% (Q4 2025), 74.31% (Q3 2025), and 90.1% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | - |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | - |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | - |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 27.74% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | - |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | - |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | - |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | -5.62% |
| 10 | Bitcoin Depot | 3.52 Mn | -62.08 Mn | -368.45 Mn | 64.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 64.17% |
| Sep 30, 2025 | 74.31% |
| Jun 30, 2025 | 90.10% |
| Mar 31, 2025 | 96.11% |
| Dec 31, 2024 | 56.11% |
| Sep 30, 2024 | 37.51% |
| Jun 30, 2024 | 41.66% |
| Mar 31, 2024 | 59.82% |
| Dec 31, 2023 | 91.18% |
| Sep 30, 2023 | 107.40% |
| Jun 30, 2023 | 18.71% |
| Mar 31, 2023 | 11.94% |
| Dec 31, 2022 | 9.59% |