NextDecade (NEXT) Return on Capital Employed [ROCE] (2015 - 2026)
NextDecade's Return on Capital Employed [ROCE] came in at -1.62% for Q3 2026, up 1.28 percentage points from -2.90% a year earlier and up 0.19 percentage points from the prior quarter.
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Analysis
NextDecade (NEXT) Return on Capital Employed [ROCE] (2015 - 2026) Analysis & Trends
For FY2025, NextDecade's Return on Capital Employed [ROCE] was -2.80%, up 1.21 percentage points from FY2024.
- Return on Capital Employed [ROCE] has increased in each of the last three years, with a five-year change of +7.87 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was -4.01% in FY2024 (+5.68 pp), -9.69% in FY2023 (+12.83 pp), -22.52% in FY2022 (-12.94 pp) and -9.58% in FY2021 (+1.09 pp).
- The Q3 2026 figure represents the highest quarterly Return on Capital Employed [ROCE] in data going back to Q4 2015.
- Year-over-year, Return on Capital Employed [ROCE] has increased for 13 consecutive quarters, with an average year-over-year change of +1.06 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q2 2024 (a gain of 27.24 percentage points), and the weakest in Q2 2023 (a drop of 18.03 percentage points).
- Business Quant data shows NEXT's Return on Capital Employed [ROCE] at -1.82% (Q2 2026), -1.97% (Q1 2026) and -2.29% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.46 Bn | 104.34 Bn | 4.35 Bn | 5.39% |
| 2 | Williams Companies | 84.36 Bn | 87.15 Bn | 2.59 Bn | 7.90% |
| 3 | Enterprise Products Partners | 80.12 Bn | 78.52 Bn | 14.00 Mn | 12.76% |
| 4 | Kinder Morgan | 69.50 Bn | 69.59 Bn | 2.97 Bn | 7.64% |
| 5 | Energy Transfer | 66.92 Bn | 63.02 Bn | 6.57 Bn | 8.92% |
| 6 | Tc Energy | 66.06 Bn | 69.71 Bn | - | - |
| 7 | Targa Resources | 60.35 Bn | 59.56 Bn | 2.02 Bn | 16.29% |
| 8 | Cheniere Energy | 59.93 Bn | 59.50 Bn | 2.97 Bn | 15.11% |
| 9 | Mplx | 57.44 Bn | 51.69 Bn | 3.19 Bn | 13.41% |
| 10 | NextDecade | 1.70 Bn | 4.85 Bn | - | -1.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -1.62% |
| Jun 30, 2026 | -1.82% |
| Mar 31, 2026 | -1.97% |
| Dec 31, 2025 | -2.29% |
| Sep 30, 2025 | -2.90% |
| Jun 30, 2025 | -3.01% |
| Mar 31, 2025 | -2.99% |
| Dec 31, 2024 | -3.31% |
| Sep 30, 2024 | -3.63% |
| Jun 30, 2024 | -3.67% |
| Mar 31, 2024 | -4.12% |
| Dec 31, 2023 | -4.79% |
| Sep 30, 2023 | -10.32% |
| Jun 30, 2023 | -30.91% |
| Mar 31, 2023 | -26.80% |
| Dec 31, 2022 | -18.71% |
| Sep 30, 2022 | -15.77% |
| Jun 30, 2022 | -12.88% |
| Mar 31, 2022 | -10.72% |
| Dec 31, 2021 | -8.98% |
API Access
NextDecade 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=NEXT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "NEXT", "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=NEXT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();