Novagold Resources (NG) Return on Capital Employed (2016 - 2026)

Novagold Resources (NG) posted Return on Capital Employed of 11.64% for Q1 2026, up 17.33% quarter-over-quarter from 14.09% in Q4 2025, and up 2275.0% year-on-year from 0.49% in Q1 2025.

Novagold Resources (NG) Return on Capital Employed (2016 - 2026) Analysis & Trends

Novagold Resources (NG) has reported Return on Capital Employed for 11 consecutive years, with 11.64% the latest figure, recorded in Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 11.64%, up 2275.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 11.64% (up 2275.0% YoY), and the FY2025 annual result was 21.7%, up 1064.0% from the prior year.
  • Return on Capital Employed was 11.64% for Q1 2026 at Novagold Resources, up from 14.09% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 6.7% in Q1 2022 and troughed at 35.13% in Q4 2024.
  • Average Return on Capital Employed over 5 years is 23.91%, with a median of 30.58% recorded in 2023.
  • Year-over-year, Return on Capital Employed tumbled 2545 bps in 2023 and jumped 2275 bps in 2026.
  • Over 5 years, Return on Capital Employed stood at 30.5% in 2022, then declined by 0 bps to 30.58% in 2023, then retreated by 15 bps to 35.13% in 2024, then surged by 60 bps to 14.09% in 2025, then grew by 17 bps to 11.64% in 2026.
  • Per Business Quant data, the three most recent Return on Capital Employed figures were 11.64% in Q1 2026, 14.09% in Q4 2025, and 12.69% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn 9.05%
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn 41.57%
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn 21.10%
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn -
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn -
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn -
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn 19.41%
8 Gold Fields 30.19 Bn 28.41 Bn - -
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn -
10 Novagold Resources 2.67 Bn 2.67 Bn - -

Historic Data

Download Data
DateValue
Feb 28, 2026 -11.64%
Nov 30, 2025 -14.09%
Aug 31, 2025 -12.69%
May 31, 2025 -17.23%
Feb 28, 2025 -34.39%
Nov 30, 2024 -35.13%
Aug 31, 2024 -32.02%
May 31, 2024 -31.55%
Feb 29, 2024 -30.76%
Nov 30, 2023 -30.58%
Aug 31, 2023 -31.74%
May 31, 2023 -33.66%
Feb 28, 2023 -32.16%
Nov 30, 2022 -30.50%
Aug 31, 2022 -11.89%
May 31, 2022 -9.66%
Feb 28, 2022 -6.70%
Nov 30, 2021 -5.53%
Aug 31, 2021 -17.52%
May 31, 2021 -16.56%