Ferroglobe (GSM) Return on Capital Employed [ROCE] (2016 - 2026)
Ferroglobe's Return on Capital Employed [ROCE] was -9.06% in the quarter ended Jun 30, 2026, down 3.69 percentage points from -5.36% a year earlier but up 5.30 percentage points from the prior quarter.
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Analysis
Ferroglobe (GSM) Return on Capital Employed [ROCE] (2016 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Return on Capital Employed [ROCE] at Ferroglobe came in at -13.31%, down 16.58 percentage points from the prior year.
- Return on Capital Employed [ROCE] has now declined for three consecutive years, though with a five-year change of +5.47 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Return on Capital Employed [ROCE] was 3.27% in the year ended Dec 31, 2024 (-11.16 pp), 14.44% in the year ended Dec 31, 2023 (-47.76 pp), 62.19% in the year ended Dec 31, 2022 (+58.37 pp) and 3.82% in the year ended Dec 31, 2021 (+22.60 pp).
- Quarterly Return on Capital Employed [ROCE] has moved between -17.59% (the quarter ended Dec 31, 2025) and 54.80% (the quarter ended Sep 30, 2022) over five years.
- Compared with a year earlier, Return on Capital Employed [ROCE] has declined for 13 straight quarters, with an average year-over-year change of -13.36 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 Dec 31, 2021 (a gain of 70.94 percentage points); the worst was the quarter ended Sep 30, 2023 (a drop of 39.00 percentage points).
- Per Business Quant data, GSM's Return on Capital Employed [ROCE] in the three quarters before the quarter ended Jun 30, 2026 was -14.36% (quarter ended Mar 31, 2026), -17.59% (quarter ended Dec 31, 2025) and -8.91% (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 | Ferroglobe | 796.03 Mn | 338.98 Mn | - | -9.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -9.06% |
| Mar 31, 2026 | -14.36% |
| Dec 31, 2025 | -17.59% |
| Sep 30, 2025 | -8.91% |
| Jun 30, 2025 | -5.36% |
| Mar 31, 2025 | -1.95% |
| Dec 31, 2024 | 3.45% |
| Sep 30, 2024 | 8.79% |
| Jun 30, 2024 | 12.37% |
| Mar 31, 2024 | 12.91% |
| Dec 31, 2023 | 15.92% |
| Sep 30, 2023 | 15.80% |
| Jun 30, 2023 | 20.20% |
| Mar 31, 2023 | 37.82% |
| Dec 31, 2022 | 53.64% |
| Sep 30, 2022 | 54.80% |
| Jun 30, 2022 | 44.11% |
| Mar 31, 2022 | 29.45% |
| Dec 31, 2021 | 3.84% |
| Sep 30, 2021 | -23.37% |
API Access
Ferroglobe 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=GSM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "GSM", "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=GSM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();