McEwen (MUX) Return on Invested Capital [ROIC] (2015 - 2026)
McEwen's Return on Invested Capital [ROIC] came in at 7.77% for Q2 2026, up 11.90 percentage points from -4.13% a year earlier and up 0.67 percentage points from the prior quarter.
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Analysis
McEwen (MUX) Return on Invested Capital [ROIC] (2015 - 2026) Analysis & Trends
For FY2025, McEwen's Return on Invested Capital [ROIC] was 0.44%, up 9.22 percentage points from FY2024.
- Return on Invested Capital [ROIC] has increased in each of the last three years, with a five-year change of +31.50 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was -8.78% in FY2024 (+7.72 pp), -16.49% in FY2023 (+5.47 pp), -21.96% in FY2022 (-8.60 pp) and -13.37% in FY2021 (+17.69 pp).
- The Q2 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] in data going back to Q3 2015.
- Year-over-year, Return on Invested Capital [ROIC] has increased for 11 consecutive quarters, with an average year-over-year change of +11.15 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q4 2021 (a gain of 23.45 percentage points), and the weakest in Q3 2023 (a drop of 15.43 percentage points).
- Business Quant data shows MUX's Return on Invested Capital [ROIC] at 7.10% (Q1 2026), 0.41% (Q4 2025) and -4.62% (Q3 2025) in the three quarters before Q2 2026.
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 | McEwen | 834.69 Mn | 541.28 Mn | 3.95 Mn | 6.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.08% |
| Jun 30, 2026 | 7.77% |
| Mar 31, 2026 | 7.10% |
| Dec 31, 2025 | 0.41% |
| Sep 30, 2025 | -4.62% |
| Jun 30, 2025 | -4.13% |
| Mar 31, 2025 | -6.03% |
| Dec 31, 2024 | -8.71% |
| Sep 30, 2024 | -11.78% |
| Jun 30, 2024 | -15.20% |
| Mar 31, 2024 | -16.06% |
| Dec 31, 2023 | -15.78% |
| Sep 30, 2023 | -31.53% |
| Jun 30, 2023 | -26.24% |
| Mar 31, 2023 | -22.84% |
| Dec 31, 2022 | -21.29% |
| Sep 30, 2022 | -16.10% |
| Jun 30, 2022 | -16.95% |
| Mar 31, 2022 | -15.15% |
| Dec 31, 2021 | -12.60% |
API Access
McEwen 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=MUX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "MUX", "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=MUX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();