Cipher Digital (CIFR) Return on Capital Employed [ROCE] (2021 - 2026)
Cipher Digital (CIFR) reported Return on Capital Employed [ROCE] of -9.25% for Q3 2026, down 1.61 percentage points from -7.64% a year earlier but up 0.29 percentage points from the prior quarter.
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Analysis
Cipher Digital (CIFR) Return on Capital Employed [ROCE] (2021 - 2026) Analysis & Trends
For FY2025, Cipher Digital posted Return on Capital Employed [ROCE] of -22.49%, down 14.94 percentage points from FY2024.
- Return on Capital Employed [ROCE] has a four-year change of +5.01 percentage points (FY2021 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at -7.55% in FY2024 (-3.16 pp), -4.39% in FY2023 (+6.43 pp), -10.82% in FY2022 (+16.68 pp) and -27.50% in FY2021.
- Five-year quarterly Return on Capital Employed [ROCE] spans a low of -36.27% in Q2 2022 and a high of 5.21% in Q1 2024.
- Year over year, Return on Capital Employed [ROCE] gained in two of the last eight quarters, with an average year-over-year change of -5.50 percentage points.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q2 2023 (a gain of 34.48 percentage points); the low point was Q1 2025 (a drop of 22.45 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at -9.54% (Q2 2026), -12.16% (Q1 2026) and -14.70% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,944.62 Bn | 3,880.11 Bn | 62.56 Bn | 26.45% |
| 2 | International Business Machines | 231.10 Bn | 185.71 Bn | 9.71 Bn | 9.65% |
| 3 | Equinix | 100.11 Bn | 88.01 Bn | 1.31 Bn | 5.91% |
| 4 | Cloudflare | 96.02 Bn | 78.46 Bn | 557.23 Mn | -6.94% |
| 5 | Nebius | 31.44 Bn | 4.87 Bn | 448.70 Mn | -2.94% |
| 6 | Verisign | 27.82 Bn | 25.17 Bn | 393.20 Mn | 730.86% |
| 7 | CoreWeave | 25.57 Bn | 12.66 Bn | 1.70 Bn | -0.51% |
| 8 | Nutanix | 15.68 Bn | 7.37 Bn | 651.35 Mn | 10.69% |
| 9 | GoDaddy | 14.30 Bn | 9.69 Bn | 843.00 Mn | 27.83% |
| 10 | Cipher Digital | 2.72 Bn | -108.93 Mn | 11.34 Mn | -9.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -9.25% |
| Jun 30, 2026 | -9.54% |
| Mar 31, 2026 | -12.16% |
| Dec 31, 2025 | -14.70% |
| Sep 30, 2025 | -7.64% |
| Jun 30, 2025 | -17.25% |
| Mar 31, 2025 | -17.24% |
| Dec 31, 2024 | -6.39% |
| Sep 30, 2024 | -6.36% |
| Jun 30, 2024 | 3.87% |
| Mar 31, 2024 | 5.21% |
| Dec 31, 2023 | -4.40% |
| Sep 30, 2023 | -22.53% |
| Jun 30, 2023 | -1.80% |
| Mar 31, 2023 | -6.28% |
| Dec 31, 2022 | -10.04% |
| Sep 30, 2022 | -16.01% |
| Jun 30, 2022 | -36.27% |
| Mar 31, 2022 | -25.89% |
| Dec 31, 2021 | -19.64% |
API Access
Cipher Digital 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=CIFR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "CIFR", "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=CIFR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();