Largo (LGO) Return on Invested Capital [ROIC] (2021 - 2026)
Largo's Return on Invested Capital [ROIC] was -14.78% in the quarter ended Jun 30, 2026, down 23.21 percentage points from 8.42% a year earlier and down 3.65 percentage points from the prior quarter.
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Analysis
Largo (LGO) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Return on Invested Capital [ROIC] at Largo came in at 2.32%, down 0.85 percentage points from the prior year.
- Return on Invested Capital [ROIC] shows a four-year change of -129.57 percentage points (years ended Dec 2021 to Dec 2025).
- In earlier years, Return on Invested Capital [ROIC] was 3.17% in the year ended Dec 31, 2024 (-5.20 pp), 8.37% in the year ended Dec 31, 2023 (+7.55 pp), 0.82% in the year ended Dec 31, 2022 (-131.06 pp) and 131.88% in the year ended Dec 31, 2021.
- The figure for the quarter ended Jun 30, 2026 marks the lowest quarterly Return on Invested Capital [ROIC] in data going back to the quarter ended Sep 30, 2021.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in 1 of the last six quarters, with an average year-over-year change of -14.95 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was the quarter ended Mar 31, 2024 (a gain of 21.44 percentage points); the worst was the quarter ended Mar 31, 2026 (a drop of 23.53 percentage points).
- Per Business Quant data, LGO's Return on Invested Capital [ROIC] in the three quarters before the quarter ended Jun 30, 2026 was -11.14% (quarter ended Mar 31, 2026), -6.78% (quarter ended Dec 31, 2025) and -5.10% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 170.99 Bn | 133.79 Bn | - | - |
| 2 | Southern Copper | 147.52 Bn | 122.25 Bn | 3.10 Bn | - |
| 3 | Rio Tinto | 140.01 Bn | 100.83 Bn | - | - |
| 4 | Newmont | 132.03 Bn | 97.17 Bn | 4.22 Bn | 8.59% |
| 5 | Agnico Eagle Mines | 100.11 Bn | 87.06 Bn | 2.15 Bn | 21.64% |
| 6 | Ternium | 99.14 Bn | 67.39 Bn | 1.04 Bn | 8.46% |
| 7 | Freeport-Mcmoran | 90.45 Bn | 74.49 Bn | 2.19 Bn | 11.56% |
| 8 | Barrick Mining | 72.08 Bn | 47.28 Bn | 2.90 Bn | 24.82% |
| 9 | Nucor | 57.25 Bn | 46.63 Bn | 2.03 Bn | 11.01% |
| 10 | Largo | 23.80 Mn | -10.07 Mn | - | -12.92% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -12.92% |
| Mar 31, 2026 | -7.15% |
| Dec 31, 2025 | -14.95% |
| Sep 30, 2025 | -9.96% |
| Jun 30, 2025 | -3.56% |
| Mar 31, 2025 | -0.13% |
| Sep 30, 2024 | 9.26% |
| Jun 30, 2024 | 8.62% |
| Mar 31, 2024 | 27.08% |
| Dec 31, 2023 | 21.38% |
| Sep 30, 2023 | 23.06% |
| Jun 30, 2023 | 30.93% |
| Mar 31, 2023 | 17.04% |
| Dec 31, 2022 | 15.03% |
| Sep 30, 2022 | 7.51% |
| Jun 30, 2022 | 11.29% |
| Dec 31, 2021 | 9.08% |
| Sep 30, 2021 | 20.53% |
| Jun 30, 2021 | 6.28% |
API Access
Largo 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=LGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=LGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();