Iren (IREN) Return on Capital Employed (2022 - 2026)

Iren (IREN) posted quarterly Return on Capital Employed of 6.29% for Q1 2026, down 452.0% YoY from 1.79% in Q1 2025, and down 114.31% sequentially from 2.93% in Q4 2025.

Iren (IREN) Return on Capital Employed (2022 - 2026) Analysis & Trends

Iren has disclosed Return on Capital Employed across 4 years of filings, most recently posting 6.29% for Q1 2026.

  • In Q1 2026, Return on Capital Employed fell 452.0% year-over-year to 6.29%; the TTM figure through Mar 2026 stood at 6.29% (down 452.0% YoY), while the FY2025 annual figure was 0.91%, up 485.0% from the prior year.
  • Return on Capital Employed declined to 6.29% in Q1 2026, from 2.93% in the prior quarter.
  • Over the last five years, Return on Capital Employed for IREN reached as high as 0.75% in Q2 2025 and fell as low as 37.51% in Q4 2022.
  • The 4-year median for Return on Capital Employed is 3.11% (2024), against an average of 6.53%.
  • Annual changes were most pronounced in 2025 — Return on Capital Employed jumped 589 bps — and 2026, when it sank 452 bps.
  • A 4-year view of Return on Capital Employed shows it stood at 37.51% in 2022, then soared by 87 bps to 4.7% in 2024, then jumped by 38 bps to 2.93% in 2025, then plunged by 114 bps to 6.29% in 2026.
  • According to Business Quant data, Return on Capital Employed over the past three periods registered 6.29%, 2.93%, and 0.35% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 29.16%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 27.74%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - -
7 Tradeweb Markets 21.59 Bn 20.34 Bn - -
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn -5.62%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -6.29%
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 25.29%

Historic Data

Download Data
DateValue
Mar 31, 2026 -6.29%
Dec 31, 2025 -2.93%
Sep 30, 2025 -0.35%
Jun 30, 2025 0.75%
Mar 31, 2025 -1.77%
Dec 31, 2024 -4.70%
Sep 30, 2024 -6.25%
Jun 30, 2024 -3.07%
Mar 31, 2024 -3.15%
Dec 31, 2022 -37.51%