Research Frontiers (REFR) Return on Capital Employed [ROCE] (2011 - 2026)
Research Frontiers' Return on Capital Employed [ROCE] was -96.22% in Q2 2026, down 36.33 percentage points from -59.89% a year earlier but up 6.89 percentage points from the prior quarter.
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Analysis
Research Frontiers (REFR) Return on Capital Employed [ROCE] (2011 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Research Frontiers came in at -74.87%, down 35.65 percentage points from FY2024.
- Return on Capital Employed [ROCE] shows a five-year change of -38.06 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was -39.22% in FY2024 (+7.72 pp), -46.95% in FY2023 (+9.45 pp), -56.40% in FY2022 (-20.17 pp) and -36.23% in FY2021 (+0.58 pp).
- Quarterly Return on Capital Employed [ROCE] has moved between -103.10% (Q1 2026) and -32.81% (Q1 2025) over five years.
- Compared with a year earlier, Return on Capital Employed [ROCE] has declined for five straight quarters, with an average year-over-year change of -17.95 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q1 2025 (a gain of 29.22 percentage points); the worst was Q1 2026 (a drop of 70.29 percentage points).
- Per Business Quant data, REFR's Return on Capital Employed [ROCE] in the three quarters before Q2 2026 was -103.10% (Q1 2026), -96.36% (Q4 2025) and -71.87% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,825.63 Bn | 4,573.12 Bn | 54.77 Bn | 67.97% |
| 2 | Cisco Systems | 429.17 Bn | 365.10 Bn | 11.06 Bn | 17.86% |
| 3 | Dell Technologies | 346.69 Bn | 302.44 Bn | 9.83 Bn | 38.06% |
| 4 | Sandisk | 261.00 Bn | 249.52 Bn | 7.58 Bn | 87.19% |
| 5 | Arista Networks | 257.88 Bn | 211.33 Bn | 1.91 Bn | 28.65% |
| 6 | Seagate Technology Holdings | 214.45 Bn | 209.44 Bn | 1.90 Bn | 64.93% |
| 7 | Western Digital | 166.98 Bn | 155.11 Bn | 2.03 Bn | 43.60% |
| 8 | Sony | 144.46 Bn | 94.85 Bn | 6.53 Bn | 14.81% |
| 9 | Lumentum Holdings | 92.66 Bn | 84.47 Bn | 477.30 Mn | 11.20% |
| 10 | Research Frontiers | 24.06 Mn | 19.86 Mn | - | -96.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -96.22% |
| Mar 31, 2026 | -103.10% |
| Dec 31, 2025 | -96.36% |
| Sep 30, 2025 | -71.87% |
| Jun 30, 2025 | -59.89% |
| Mar 31, 2025 | -32.81% |
| Dec 31, 2024 | -44.36% |
| Sep 30, 2024 | -43.90% |
| Jun 30, 2024 | -52.43% |
| Mar 31, 2024 | -62.02% |
| Dec 31, 2023 | -54.06% |
| Sep 30, 2023 | -55.42% |
| Jun 30, 2023 | -48.74% |
| Mar 31, 2023 | -50.17% |
| Dec 31, 2022 | -48.94% |
| Sep 30, 2022 | -60.56% |
| Jun 30, 2022 | -65.23% |
| Mar 31, 2022 | -47.43% |
| Dec 31, 2021 | -40.47% |
| Sep 30, 2021 | -39.98% |
API Access
Research Frontiers 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=REFR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "REFR", "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=REFR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();