Gerdau (GGB) Return on Capital Employed [ROCE] (2009 - 2026)
Gerdau's Return on Capital Employed [ROCE] was 23.78% in the quarter ended Jun 30, 2026, up 0.78 percentage points from 23.00% a year earlier and up 1.75 percentage points from the prior quarter.
Powered by 
Analysis
Gerdau (GGB) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Return on Capital Employed [ROCE] at Gerdau came in at 6.01%, down 4.28 percentage points from the prior year.
- Return on Capital Employed [ROCE] has now declined for four consecutive years, with a five-year change of -3.43 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Return on Capital Employed [ROCE] was 10.29% in the year ended Dec 31, 2024 (-6.60 pp), 16.89% in the year ended Dec 31, 2023 (-13.96 pp), 30.85% in the year ended Dec 31, 2022 (-5.75 pp) and 36.61% in the year ended Dec 31, 2021 (+27.17 pp).
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Return on Capital Employed [ROCE] since the quarter ended Jun 30, 2024.
- Compared with a year earlier, Return on Capital Employed [ROCE] has increased for three straight quarters, with an average year-over-year change of -2.24 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was the quarter ended Sep 30, 2021 (a gain of 23.99 percentage points); the worst was the quarter ended Mar 31, 2024 (a drop of 17.73 percentage points).
- Per Business Quant data, GGB's Return on Capital Employed [ROCE] in the three quarters before the quarter ended Jun 30, 2026 was 22.03% (quarter ended Mar 31, 2026), 20.37% (quarter ended Dec 31, 2025) and 22.01% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | - |
| 2 | Southern Copper | 171.36 Bn | 150.22 Bn | 2.90 Bn | 42.99% |
| 3 | Newmont | 121.76 Bn | 89.94 Bn | 4.03 Bn | 9.92% |
| 4 | Ternium | 113.51 Bn | 78.56 Bn | 941.02 Mn | 7.19% |
| 5 | Freeport-Mcmoran | 103.45 Bn | 99.60 Bn | 2.19 Bn | 13.20% |
| 6 | Agnico Eagle Mines | 91.92 Bn | 91.92 Bn | 2.43 Bn | 42.05% |
| 7 | Barrick Mining | 67.42 Bn | 52.16 Bn | 2.90 Bn | 23.46% |
| 8 | Nucor | 54.54 Bn | 45.08 Bn | 2.03 Bn | 13.42% |
| 9 | ArcelorMittal | 49.09 Bn | 30.12 Bn | - | 3.51% |
| 10 | Gerdau | 10.00 Bn | 4.91 Bn | 558.98 Mn | 23.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.78% |
| Mar 31, 2026 | 22.03% |
| Dec 31, 2025 | 20.37% |
| Sep 30, 2025 | 22.01% |
| Jun 30, 2025 | 23.00% |
| Mar 31, 2025 | 17.88% |
| Dec 31, 2024 | 18.70% |
| Sep 30, 2024 | 23.70% |
| Jun 30, 2024 | 24.83% |
| Mar 31, 2024 | 21.97% |
| Dec 31, 2023 | 24.43% |
| Sep 30, 2023 | 34.85% |
| Jun 30, 2023 | 41.17% |
| Mar 31, 2023 | 39.70% |
| Dec 31, 2022 | 32.91% |
| Sep 30, 2022 | 35.14% |
| Jun 30, 2022 | 40.91% |
| Mar 31, 2022 | 41.38% |
| Dec 31, 2021 | 36.50% |
| Sep 30, 2021 | 33.43% |
API Access
Gerdau 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=GGB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "GGB", "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=GGB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();