Fortuna Mining (FSM) Return on Invested Capital [ROIC] (2011 - 2026)
Fortuna Mining (FSM) recorded Return on Invested Capital [ROIC] of 35.49% in the quarter ended Jun 30, 2026, up 16.36 percentage points from 19.13% a year earlier and up 3.27 percentage points from the prior quarter.
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Analysis
Fortuna Mining (FSM) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Fortuna Mining reported Return on Invested Capital [ROIC] of 19.47%, up 9.83 percentage points from the prior year.
- Annual Return on Invested Capital [ROIC] has a five-year change of +14.67 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 9.63% in the year ended Dec 31, 2024 (+9.66 pp), -0.03% in the year ended Dec 31, 2023 (-9.51 pp), 9.49% in the year ended Dec 31, 2022 (+0.30 pp) and 9.19% in the year ended Dec 31, 2021 (+4.40 pp).
- The figure for the quarter ended Jun 30, 2026 is the highest quarterly Return on Invested Capital [ROIC] in data going back to the quarter ended Dec 31, 2011.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased for six consecutive quarters, with an average year-over-year change of +11.91 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 23.53 percentage points in the quarter ended Sep 30, 2025, against a drop of 9.77 percentage points in the quarter ended Sep 30, 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 32.23% (quarter ended Mar 31, 2026), 26.26% (quarter ended Dec 31, 2025) and 23.53% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | - |
| 2 | Southern Copper | 171.36 Bn | 150.22 Bn | 2.90 Bn | - |
| 3 | Newmont | 121.76 Bn | 89.94 Bn | 4.03 Bn | 7.86% |
| 4 | Ternium | 113.51 Bn | 78.56 Bn | 941.02 Mn | 4.89% |
| 5 | Freeport-Mcmoran | 103.45 Bn | 99.60 Bn | 2.19 Bn | 11.56% |
| 6 | Agnico Eagle Mines | 91.92 Bn | 91.92 Bn | 2.43 Bn | 35.18% |
| 7 | Barrick Mining | 67.42 Bn | 52.16 Bn | 2.90 Bn | 29.31% |
| 8 | Nucor | 54.54 Bn | 45.08 Bn | 2.03 Bn | 11.01% |
| 9 | ArcelorMittal | 49.09 Bn | 30.12 Bn | - | 3.54% |
| 10 | Fortuna Mining | 3.44 Bn | 1.23 Bn | 183.46 Mn | 35.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.49% |
| Mar 31, 2026 | 32.23% |
| Dec 31, 2025 | 26.26% |
| Sep 30, 2025 | 23.53% |
| Jun 30, 2025 | 19.13% |
| Mar 31, 2025 | 12.61% |
| Dec 31, 2024 | 8.11% |
| Sep 30, 2024 | 0.00% |
| Jun 30, 2024 | 0.00% |
| Mar 31, 2024 | 0.00% |
| Dec 31, 2023 | 12.44% |
| Sep 30, 2023 | 9.77% |
| Jun 30, 2023 | 8.13% |
| Mar 31, 2023 | 8.71% |
| Dec 31, 2022 | 9.90% |
| Sep 30, 2022 | 6.78% |
| Jun 30, 2022 | 7.35% |
| Mar 31, 2022 | 8.28% |
| Dec 31, 2021 | 8.40% |
| Sep 30, 2021 | 9.92% |
API Access
Fortuna 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=FSM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "FSM", "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=FSM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();