Largo (LGO) Return on Capital Employed [ROCE] (2021 - 2026)
Largo's Return on Capital Employed [ROCE] was -22.01% in the quarter ended Jun 30, 2026, down 30.11 percentage points from 8.09% a year earlier and down 5.28 percentage points from the prior quarter.
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Analysis
Largo (LGO) Return on Capital Employed [ROCE] (2021 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Return on Capital Employed [ROCE] at Largo came in at 3.57%, down 0.43 percentage points from the prior year.
- Return on Capital Employed [ROCE] shows a four-year change of -134.52 percentage points (years ended Dec 2021 to Dec 2025).
- In earlier years, Return on Capital Employed [ROCE] was 4.00% in the year ended Dec 31, 2024 (-4.29 pp), 8.30% in the year ended Dec 31, 2023 (+7.47 pp), 0.83% in the year ended Dec 31, 2022 (-137.25 pp) and 138.08% in the year ended Dec 31, 2021.
- The figure for the quarter ended Jun 30, 2026 marks the lowest quarterly Return on Capital Employed [ROCE] in data going back to the quarter ended Jun 30, 2021.
- Compared with a year earlier, Return on Capital Employed [ROCE] has declined for four straight quarters, with an average year-over-year change of -17.02 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 Jun 30, 2022 (a gain of 28.91 percentage points); the worst was the quarter ended Mar 31, 2026 (a drop of 30.80 percentage points).
- Per Business Quant data, LGO's Return on Capital Employed [ROCE] in the three quarters before the quarter ended Jun 30, 2026 was -16.73% (quarter ended Mar 31, 2026), -8.01% (quarter ended Dec 31, 2025) and -4.86% (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 | Largo | 31.88 Mn | 4.96 Mn | - | -22.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -22.01% |
| Mar 31, 2026 | -16.73% |
| Dec 31, 2025 | -8.01% |
| Sep 30, 2025 | -4.86% |
| Jun 30, 2025 | 8.09% |
| Mar 31, 2025 | 14.07% |
| Dec 31, 2024 | 13.95% |
| Sep 30, 2024 | 10.09% |
| Jun 30, 2024 | 7.73% |
| Mar 31, 2024 | 28.14% |
| Dec 31, 2023 | 24.98% |
| Sep 30, 2023 | 23.68% |
| Jun 30, 2023 | 21.90% |
| Mar 31, 2023 | 7.22% |
| Dec 31, 2022 | 4.69% |
| Sep 30, 2022 | 10.94% |
| Jun 30, 2022 | 16.71% |
| Dec 31, 2021 | 11.86% |
| Sep 30, 2021 | 13.33% |
| Jun 30, 2021 | -12.20% |
API Access
Largo 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=LGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "LGO", "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=LGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();