Kinross Gold (KGC) Return on Invested Capital [ROIC] (2009 - 2026)
Kinross Gold's Return on Invested Capital [ROIC] was 41.57% in Q3 2026, up 20.36 percentage points from 21.20% a year earlier but down 1.67 percentage points from the prior quarter.
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Analysis
Kinross Gold (KGC) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Kinross Gold came in at 28.25%, up 15.98 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now increased for four consecutive years, with a five-year change of +11.99 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 12.26% in FY2024 (+6.70 pp), 5.56% in FY2023 (+5.20 pp), 0.37% in FY2022 (+0.37 pp) and 0.00% in FY2021 (-16.25 pp).
- Quarterly Return on Invested Capital [ROIC] has moved between 0.00% (Q4 2021) and 43.24% (Q2 2026) over five years.
- Compared with a year earlier, Return on Invested Capital [ROIC] has increased for 16 straight quarters, with an average year-over-year change of +16.05 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q1 2026 (a gain of 24.08 percentage points); the worst was Q4 2021 (a drop of 15.74 percentage points).
- Per Business Quant data, KGC's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 43.24% (Q2 2026), 41.40% (Q1 2026) and 33.54% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 175.24 Bn | 165.01 Bn | 2.33 Bn | 13.71% |
| 2 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 3 | Southern Copper | 143.83 Bn | 118.64 Bn | 3.10 Bn | 30.10% |
| 4 | Rio Tinto | 137.31 Bn | 104.37 Bn | - | - |
| 5 | Newmont | 124.66 Bn | 89.98 Bn | 4.22 Bn | 8.59% |
| 6 | Ternium | 102.52 Bn | 75.29 Bn | 1.04 Bn | 7.61% |
| 7 | Agnico Eagle Mines | 95.19 Bn | 82.13 Bn | 2.15 Bn | 21.64% |
| 8 | Freeport-Mcmoran | 86.53 Bn | 83.18 Bn | 2.55 Bn | 12.32% |
| 9 | Barrick Mining | 66.50 Bn | 50.91 Bn | 2.71 Bn | 22.01% |
| 10 | Kinross Gold | 25.80 Bn | 15.85 Bn | 930.40 Mn | 39.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 39.30% |
| Jun 30, 2026 | 40.93% |
| Mar 31, 2026 | 37.29% |
| Dec 31, 2025 | 26.85% |
| Sep 30, 2025 | 26.39% |
| Jun 30, 2025 | 23.27% |
| Mar 31, 2025 | 17.32% |
| Dec 31, 2024 | 12.22% |
| Sep 30, 2024 | 11.78% |
| Jun 30, 2024 | 7.51% |
| Mar 31, 2024 | 6.54% |
| Dec 31, 2023 | 5.53% |
| Sep 30, 2023 | 5.22% |
| Jun 30, 2023 | 3.60% |
| Mar 31, 2023 | 1.49% |
| Dec 31, 2022 | 0.39% |
| Sep 30, 2022 | 0.09% |
| Jun 30, 2022 | 0.00% |
| Mar 31, 2022 | 0.00% |
| Dec 31, 2021 | 0.00% |
API Access
Kinross Gold 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=KGC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "KGC", "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=KGC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();