Hut 8 (HUT) Return on Capital Employed [ROCE] (2023 - 2026)
Hut 8's Return on Capital Employed [ROCE] came in at -15.84% for Q2 2026, down 36.27 percentage points from 20.43% a year earlier but up 6.58 percentage points from the prior quarter.
Powered by 
Analysis
Hut 8 (HUT) Return on Capital Employed [ROCE] (2023 - 2026) Analysis & Trends
For FY2025, Hut 8's Return on Capital Employed [ROCE] was -18.29%, down 65.48 percentage points from FY2024.
- Going back by year, Return on Capital Employed [ROCE] was 47.19% in FY2024 (+44.29 pp) and 2.90% in FY2023.
- The five-year range for quarterly Return on Capital Employed [ROCE] is -22.42% (Q1 2026) to 39.87% (Q4 2024).
- Year-over-year, Return on Capital Employed [ROCE] has declined for six consecutive quarters, with an average year-over-year change of -16.04 percentage points over the last seven quarters.
- Business Quant data shows HUT's Return on Capital Employed [ROCE] at -22.42% (Q1 2026), -13.73% (Q4 2025) and 19.31% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.56 Bn | 23.34 Bn | 3.24 Bn | 4.10% |
| 2 | PayPal Holdings | 50.29 Bn | 8.99 Bn | - | 17.00% |
| 3 | Coinbase Global | 35.53 Bn | -4.11 Bn | - | 1.02% |
| 4 | Fiserv | 33.43 Bn | 30.64 Bn | 2.76 Bn | -4.21% |
| 5 | Corpay | 29.86 Bn | 18.68 Bn | - | 20.60% |
| 6 | Global Payments | 25.78 Bn | 604.58 Mn | 2.01 Bn | 1.58% |
| 7 | Guidewire Software | 13.57 Bn | 10.14 Bn | 269.68 Mn | 7.92% |
| 8 | Jack Henry & Associates | 12.44 Bn | 12.35 Bn | 273.85 Mn | 24.98% |
| 9 | Chime Financial | 11.95 Bn | 7.64 Bn | 646.07 Mn | 2.85% |
| 10 | Hut 8 | 6.49 Bn | 3.06 Bn | 40.85 Mn | -7.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -7.40% |
| Jun 30, 2026 | -15.84% |
| Mar 31, 2026 | -22.42% |
| Dec 31, 2025 | -13.73% |
| Sep 30, 2025 | 19.31% |
| Jun 30, 2025 | 20.43% |
| Mar 31, 2025 | 3.45% |
| Dec 31, 2024 | 39.87% |
| Sep 30, 2024 | 19.37% |
| Jun 30, 2024 | 20.65% |
| Mar 31, 2024 | 36.60% |
| Dec 31, 2023 | 2.95% |
| Sep 30, 2023 | 1.31% |
API Access
Hut 8 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=HUT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "HUT", "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=HUT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();