First Mining Gold (FFMGF) Return on Invested Capital [ROIC] (2020 - 2026)
First Mining Gold's Return on Invested Capital [ROIC] was 1.45% in the quarter ended Mar 31, 2026, up 3.97 percentage points from -2.52% a year earlier but down 0.29 percentage points from the prior quarter.
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Analysis
First Mining Gold (FFMGF) Return on Invested Capital [ROIC] (2020 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Return on Invested Capital [ROIC] at First Mining Gold came in at -6.59%, up 1.39 percentage points from the prior year.
- Return on Invested Capital [ROIC] shows a five-year change of -6.57 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Return on Invested Capital [ROIC] was -7.98% in the year ended Dec 31, 2024 (-4.02 pp), -3.96% in the year ended Dec 31, 2023 (+3.61 pp) and -7.57% in the year ended Dec 31, 2022.
- Quarterly Return on Invested Capital [ROIC] has moved between -446.24% (the quarter ended Jun 30, 2024) and 1.74% (the quarter ended Dec 31, 2025) over five years.
- Compared with a year earlier, Return on Invested Capital [ROIC] has increased for five straight quarters, with an average year-over-year change of +0.63 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was the quarter ended Jun 30, 2025 (a gain of 378.38 percentage points); the worst was the quarter ended Jun 30, 2024 (a drop of 432.30 percentage points).
- Per Business Quant data, FFMGF's Return on Invested Capital [ROIC] in the three quarters before the quarter ended Mar 31, 2026 was 1.74% (quarter ended Dec 31, 2025), -2.90% (quarter ended Sep 30, 2025) and -67.86% (quarter ended Jun 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 | First Mining Gold | 631.56 Mn | 510.71 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 1.45% |
| Dec 31, 2025 | 1.73% |
| Sep 30, 2025 | -2.93% |
| Jun 30, 2025 | -67.45% |
| Mar 31, 2025 | -2.59% |
| Dec 31, 2024 | -12.70% |
| Sep 30, 2024 | -271.35% |
| Jun 30, 2024 | -447.36% |
| Mar 31, 2024 | -17.12% |
| Dec 31, 2023 | -7.69% |
| Sep 30, 2023 | -32.71% |
| Jun 30, 2023 | -13.85% |
| Mar 31, 2023 | -17.45% |
| Dec 31, 2022 | -17.37% |
| Sep 30, 2022 | -5.28% |
| Dec 31, 2020 | -10.89% |
| Sep 30, 2020 | -16.35% |
API Access
First Mining Gold 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=FFMGF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "FFMGF", "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=FFMGF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();