Soluna Holdings (SLNH) Return on Capital Employed [ROCE] (2011 - 2026)
Soluna Holdings (SLNH) reported Return on Capital Employed [ROCE] of -30.28% for Q2 2026, up 104.27 percentage points from -134.55% a year earlier and up 1.14 percentage points from the prior quarter.
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Analysis
Soluna Holdings (SLNH) Return on Capital Employed [ROCE] (2011 - 2026) Analysis & Trends
For FY2025, Soluna Holdings posted Return on Capital Employed [ROCE] of -37.93%, up 75.80 percentage points from FY2024.
- Return on Capital Employed [ROCE] has a four-year change of -28.50 percentage points (FY2021 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at -113.73% in FY2024 (-79.97 pp), -33.77% in FY2023 (+84.31 pp), -118.07% in FY2022 (-108.65 pp) and -9.43% in FY2021.
- Five-year quarterly Return on Capital Employed [ROCE] spans a low of -142.71% in Q1 2023 and a high of -6.73% in Q4 2021.
- Year over year, Return on Capital Employed [ROCE] has now increased in each of the last three quarters, with an average year-over-year change of -5.20 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q1 2024 (a gain of 120.77 percentage points); the low point was Q1 2023 (a drop of 131.45 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -31.42% (Q1 2026), -27.88% (Q4 2025) and -86.35% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,892.50 Bn | 3,815.66 Bn | 60.48 Bn | 27.85% |
| 2 | International Business Machines | 238.73 Bn | 189.54 Bn | 9.91 Bn | 9.40% |
| 3 | Cloudflare | 114.72 Bn | 98.25 Bn | 499.52 Mn | -9.60% |
| 4 | Equinix | 94.20 Bn | 82.76 Bn | 1.40 Bn | 5.75% |
| 5 | Nebius | 38.48 Bn | 11.91 Bn | 448.70 Mn | -2.94% |
| 6 | CoreWeave | 29.87 Bn | 16.96 Bn | 1.70 Bn | -0.51% |
| 7 | Verisign | 27.08 Bn | 24.44 Bn | 393.20 Mn | 730.86% |
| 8 | Nutanix | 18.92 Bn | 10.61 Bn | 651.35 Mn | 10.69% |
| 9 | GoDaddy | 14.68 Bn | 10.25 Bn | 828.20 Mn | 25.57% |
| 10 | Soluna Holdings | 73.48 Mn | 73.48 Mn | 766,000.00 | -30.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -30.28% |
| Mar 31, 2026 | -31.42% |
| Dec 31, 2025 | -27.88% |
| Sep 30, 2025 | -86.35% |
| Jun 30, 2025 | -134.55% |
| Mar 31, 2025 | -132.84% |
| Dec 31, 2024 | -106.03% |
| Sep 30, 2024 | -22.06% |
| Jun 30, 2024 | -15.17% |
| Mar 31, 2024 | -21.94% |
| Dec 31, 2023 | -31.38% |
| Sep 30, 2023 | -65.83% |
| Jun 30, 2023 | -111.81% |
| Mar 31, 2023 | -142.71% |
| Dec 31, 2022 | -125.00% |
| Sep 30, 2022 | -58.59% |
| Jun 30, 2022 | -16.26% |
| Mar 31, 2022 | -11.26% |
| Dec 31, 2021 | -6.73% |
| Sep 30, 2021 | -22.10% |
API Access
Soluna Holdings 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=SLNH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "SLNH", "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=SLNH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();