Caledonia Mining (CMCL) Return on Invested Capital [ROIC] (2012 - 2026)
Caledonia Mining's Return on Invested Capital [ROIC] was 43.88% in the quarter ended Jun 30, 2026, up 7.16 percentage points from 36.72% a year earlier and up 0.18 percentage points from the prior quarter.
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Analysis
Caledonia Mining (CMCL) Return on Invested Capital [ROIC] (2012 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Return on Invested Capital [ROIC] at Caledonia Mining came in at 42.09%, up 24.30 percentage points from the prior year.
- Return on Invested Capital [ROIC] shows a five-year change of +11.68 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Return on Invested Capital [ROIC] was 17.80% in the year ended Dec 31, 2024 (+12.48 pp), 5.32% in the year ended Dec 31, 2023 (-4.28 pp), 9.60% in the year ended Dec 31, 2022 (-15.78 pp) and 25.38% in the year ended Dec 31, 2021 (-5.04 pp).
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Return on Invested Capital [ROIC] in data going back to the quarter ended Jun 30, 2010.
- Compared with a year earlier, Return on Invested Capital [ROIC] has increased for three straight quarters, with an average year-over-year change of +17.39 percentage points over the last five quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was the quarter ended Mar 31, 2025 (a gain of 27.79 percentage points); the worst was the quarter ended Mar 31, 2023 (a drop of 21.71 percentage points).
- Per Business Quant data, CMCL's Return on Invested Capital [ROIC] in the three quarters before the quarter ended Jun 30, 2026 was 43.71% (quarter ended Mar 31, 2026), 39.28% (quarter ended Dec 31, 2025) and 34.62% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 175.24 Bn | 165.01 Bn | 2.33 Bn | 13.71% |
| 2 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 3 | Southern Copper | 143.83 Bn | 118.64 Bn | 3.10 Bn | 30.10% |
| 4 | Rio Tinto | 137.31 Bn | 104.37 Bn | - | - |
| 5 | Newmont | 124.66 Bn | 89.98 Bn | 4.22 Bn | 8.59% |
| 6 | Ternium | 102.52 Bn | 75.29 Bn | 1.04 Bn | 7.61% |
| 7 | Agnico Eagle Mines | 95.19 Bn | 82.13 Bn | 2.15 Bn | 21.64% |
| 8 | Freeport-Mcmoran | 86.53 Bn | 83.18 Bn | 2.55 Bn | 12.32% |
| 9 | Barrick Mining | 66.50 Bn | 50.91 Bn | 2.71 Bn | 22.01% |
| 10 | Caledonia Mining | 403.47 Mn | 39.91 Mn | 39.18 Mn | 16.92% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.92% |
| Mar 31, 2026 | 18.48% |
| Dec 31, 2025 | 15.05% |
| Sep 30, 2025 | 32.49% |
| Jun 30, 2025 | 23.58% |
| Mar 31, 2025 | 16.33% |
| Sep 30, 2024 | 5.94% |
| Jun 30, 2024 | 6.58% |
| Mar 31, 2024 | 0.95% |
| Dec 31, 2023 | 0.00% |
| Sep 30, 2023 | 0.76% |
| Jun 30, 2023 | 0.00% |
| Mar 31, 2023 | 2.71% |
| Dec 31, 2022 | 9.30% |
| Mar 31, 2022 | 13.95% |
| Dec 31, 2021 | 14.98% |
| Sep 30, 2021 | 16.33% |
| Jun 30, 2021 | 14.20% |
| Mar 31, 2021 | 14.90% |
| Dec 31, 2020 | 17.94% |
API Access
Caledonia Mining Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=CMCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "CMCL", "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-invested-capital-%5Broic%5D&ticker=CMCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();