Biote (BTMD) Return on Capital Employed [ROCE] (2021 - 2026)
Biote (BTMD) recorded Return on Capital Employed [ROCE] of 22.61% in Q2 2026, down 33.11 percentage points from 55.71% a year earlier and down 18.80 percentage points from the prior quarter.
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Analysis
Biote (BTMD) Return on Capital Employed [ROCE] (2021 - 2026) Analysis & Trends
For FY2025, Biote reported Return on Capital Employed [ROCE] of 50.79%, up 14.58 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has increased for three straight years, though with a four-year change of -297.41 percentage points (FY2021 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 36.20% in FY2024 (+10.44 pp), 25.76% in FY2023 (+120.31 pp), -94.55% in FY2022 (-442.75 pp) and 348.20% in FY2021.
- The Q2 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] since Q4 2023.
- On a year-over-year basis, Return on Capital Employed [ROCE] rose in five of the last eight quarters, with an average year-over-year change of +9.00 percentage points.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 94.48 percentage points in Q3 2023, against a drop of 84.63 percentage points in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 41.41% (Q1 2026), 55.14% (Q4 2025) and 60.84% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 27.97% |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | -12.46% |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 9.44% |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 11.30% |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | -33.03% |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 11.79% |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | -14.14% |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 13.69% |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 14.26% |
| 10 | Biote | 42.67 Mn | 961,552.38 | 29.33 Mn | 12.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.61% |
| Jun 30, 2026 | 22.61% |
| Mar 31, 2026 | 41.41% |
| Dec 31, 2025 | 55.14% |
| Sep 30, 2025 | 60.84% |
| Jun 30, 2025 | 55.71% |
| Mar 31, 2025 | 41.49% |
| Dec 31, 2024 | 52.43% |
| Sep 30, 2024 | 67.93% |
| Jun 30, 2024 | 37.10% |
| Mar 31, 2024 | 23.35% |
| Dec 31, 2023 | 21.99% |
| Sep 30, 2023 | 25.52% |
| Jun 30, 2023 | 28.57% |
| Mar 31, 2023 | -65.53% |
| Dec 31, 2022 | -66.11% |
| Sep 30, 2022 | -68.96% |
| Jun 30, 2022 | -33.17% |
| Mar 31, 2022 | 19.10% |
| Dec 31, 2021 | 14.83% |
API Access
Biote 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=BTMD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "BTMD", "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=BTMD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();