NatWest (NWG) Return on Invested Capital [ROIC] (2009 - 2026)
NatWest (NWG) recorded Return on Invested Capital [ROIC] of -3.50% in Q2 2026, up 2.94 percentage points from -6.44% a year earlier and up 0.68 percentage points from the prior quarter.
Powered by 
Analysis
NatWest (NWG) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, NatWest reported Return on Invested Capital [ROIC] of -4.97%, up 3.14 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of -4.46 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at -8.11% in FY2024 (-3.83 pp), -4.28% in FY2023 (-6.78 pp), 2.50% in FY2022 (-0.06 pp) and 2.56% in FY2021 (+3.08 pp).
- The Q2 2026 figure is the highest quarterly Return on Invested Capital [ROIC] since Q4 2023.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased for five consecutive quarters, with an average year-over-year change of +0.08 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 3.21 percentage points in Q1 2022, against a drop of 7.90 percentage points in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at -4.18% (Q1 2026), -4.60% (Q4 2025) and -5.33% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.45 Bn | 912.92 Bn | - | 32.13% |
| 2 | Banco Santander Chile | 401.52 Bn | 521.46 Bn | - | - |
| 3 | Bank Of America | 377.43 Bn | -1,998.64 Bn | - | 25.16% |
| 4 | Hsbc Holdings | 330.31 Bn | 330.37 Bn | - | - |
| 5 | Morgan Stanley | 299.17 Bn | -209.92 Bn | - | 42.00% |
| 6 | Royal Bank Of Canada | 274.08 Bn | 124.82 Bn | - | 11.34% |
| 7 | Mitsubishi Ufj Financial | 270.70 Bn | -1,317.79 Bn | 10.89 Bn | 6.24% |
| 8 | Goldman Sachs | 263.13 Bn | -3,293.98 Bn | - | 14.05% |
| 9 | Wells Fargo & Company | 243.64 Bn | 245.78 Bn | - | 27.68% |
| 10 | NatWest | 72.69 Bn | -795.69 Bn | - | -3.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -3.50% |
| Mar 31, 2026 | -4.18% |
| Dec 31, 2025 | -4.60% |
| Sep 30, 2025 | -5.33% |
| Jun 30, 2025 | -6.44% |
| Mar 31, 2025 | -7.01% |
| Dec 31, 2024 | -7.54% |
| Sep 30, 2024 | -7.78% |
| Jun 30, 2024 | -7.56% |
| Mar 31, 2024 | -6.37% |
| Dec 31, 2023 | -3.06% |
| Sep 30, 2023 | -1.23% |
| Jun 30, 2023 | 0.34% |
| Mar 31, 2023 | 1.38% |
| Dec 31, 2022 | 2.97% |
| Sep 30, 2022 | 3.16% |
| Jun 30, 2022 | 3.15% |
| Mar 31, 2022 | 2.97% |
| Dec 31, 2021 | 2.51% |
| Sep 30, 2021 | 2.06% |
API Access
NatWest 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=NWG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=NWG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();