Kinross Gold (KGC) Return on Invested Capital [ROIC] (2009 - 2026)
Kinross Gold's Return on Invested Capital [ROIC] was 43.54% in Q2 2026, up 19.02 percentage points from 24.52% a year earlier and up 1.82 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 36.69%, up 19.12 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now increased for four consecutive years, with a five-year change of +14.52 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 17.56% in FY2024 (+8.77 pp), 8.79% in FY2023 (+7.48 pp), 1.30% in FY2022 (+0.52 pp) and 0.79% in FY2021 (-21.37 pp).
- The Q2 2026 figure marks the highest quarterly Return on Invested Capital [ROIC] since Q3 2011.
- Compared with a year earlier, Return on Invested Capital [ROIC] has increased for 15 straight quarters, with an average year-over-year change of +13.63 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 20.18 percentage points); the worst was Q4 2021 (a drop of 22.12 percentage points).
- Per Business Quant data, KGC's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was 41.72% (Q1 2026), 32.79% (Q4 2025) and 25.64% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | - |
| 2 | Southern Copper | 171.36 Bn | 150.22 Bn | 2.90 Bn | - |
| 3 | Newmont | 121.76 Bn | 89.94 Bn | 4.03 Bn | 7.86% |
| 4 | Ternium | 113.51 Bn | 78.56 Bn | 941.02 Mn | 4.89% |
| 5 | Freeport-Mcmoran | 103.45 Bn | 99.60 Bn | 2.19 Bn | 11.56% |
| 6 | Agnico Eagle Mines | 91.92 Bn | 91.92 Bn | 2.43 Bn | 35.18% |
| 7 | Barrick Mining | 67.42 Bn | 52.16 Bn | 2.90 Bn | 29.31% |
| 8 | Nucor | 54.54 Bn | 45.08 Bn | 2.03 Bn | 11.01% |
| 9 | ArcelorMittal | 49.09 Bn | 30.12 Bn | - | 3.54% |
| 10 | Kinross Gold | 28.88 Bn | 20.70 Bn | 1.29 Bn | 43.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 43.54% |
| Mar 31, 2026 | 41.72% |
| Dec 31, 2025 | 32.79% |
| Sep 30, 2025 | 25.64% |
| Jun 30, 2025 | 24.52% |
| Mar 31, 2025 | 21.54% |
| Dec 31, 2024 | 18.21% |
| Sep 30, 2024 | 14.54% |
| Jun 30, 2024 | 10.73% |
| Mar 31, 2024 | 9.66% |
| Dec 31, 2023 | 9.06% |
| Sep 30, 2023 | 5.22% |
| Jun 30, 2023 | 3.87% |
| Mar 31, 2023 | 1.79% |
| Dec 31, 2022 | 1.32% |
| Sep 30, 2022 | 0.00% |
| Jun 30, 2022 | 0.03% |
| Mar 31, 2022 | 0.16% |
| Dec 31, 2021 | 0.00% |
| Sep 30, 2021 | 14.56% |
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();