NatWest (NWG) Return on Capital Employed [ROCE] (2009 - 2026)
NatWest's Return on Capital Employed [ROCE] came in at -8.43% for Q2 2026, up 13.33 percentage points from the prior quarter.
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Analysis
NatWest (NWG) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, NatWest's Return on Capital Employed [ROCE] was -18.09%, up 16.38 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of -3.21 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was -34.47% in FY2024 (-26.73 pp), -7.74% in FY2023 (-9.84 pp), 2.10% in FY2022 (-7.27 pp) and 9.38% in FY2021 (+24.26 pp).
- The Q2 2026 figure represents the highest quarterly Return on Capital Employed [ROCE] since Q4 2023.
- Year-over-year, Return on Capital Employed [ROCE] increased in two of the last four quarters, with an average year-over-year change of -2.66 percentage points.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q3 2025 (a gain of 28.23 percentage points), and the weakest in Q3 2024 (a drop of 36.07 percentage points).
- Business Quant data shows NWG's Return on Capital Employed [ROCE] at -21.77% (Q1 2026), -9.56% (Q4 2025) and -14.16% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.45 Bn | 912.92 Bn | - | - |
| 2 | Banco Santander Chile | 401.52 Bn | 521.46 Bn | - | 0.82% |
| 3 | Bank Of America | 377.43 Bn | -1,998.64 Bn | - | - |
| 4 | Hsbc Holdings | 330.31 Bn | 330.37 Bn | - | - |
| 5 | Morgan Stanley | 299.17 Bn | -209.92 Bn | - | - |
| 6 | Royal Bank Of Canada | 274.08 Bn | 124.82 Bn | - | 86.85% |
| 7 | Mitsubishi Ufj Financial | 270.70 Bn | -1,317.79 Bn | 10.89 Bn | 10.79% |
| 8 | Goldman Sachs | 263.13 Bn | -3,293.98 Bn | - | - |
| 9 | Wells Fargo & Company | 243.64 Bn | 245.78 Bn | - | - |
| 10 | NatWest | 72.69 Bn | -795.69 Bn | - | -8.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -8.43% |
| Mar 31, 2026 | -21.77% |
| Dec 31, 2025 | -9.56% |
| Sep 30, 2025 | -14.16% |
| Dec 31, 2024 | -16.81% |
| Sep 30, 2024 | -42.39% |
| Dec 31, 2023 | -6.76% |
| Sep 30, 2023 | -6.32% |
| Jun 30, 2023 | 1.98% |
| Mar 31, 2023 | 4.68% |
| Dec 31, 2022 | 3.19% |
| Sep 30, 2022 | 4.23% |
| Jun 30, 2022 | 5.24% |
| Mar 31, 2022 | 6.73% |
| Dec 31, 2021 | 4.70% |
| Sep 30, 2021 | 4.05% |
| Dec 31, 2020 | -1.54% |
| Sep 30, 2020 | -0.86% |
| Jun 30, 2020 | -2.48% |
| Dec 31, 2019 | 0.90% |
API Access
NatWest 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=NWG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "NWG", "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=NWG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();