Soluna Holdings (SLNH) Return on Invested Capital [ROIC] (2022 - 2026)
Soluna Holdings (SLNH) recorded Return on Invested Capital [ROIC] of -86.43% in Q3 2025, down 67.24 percentage points from -19.19% a year earlier but up 47.58 percentage points from the prior quarter.
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Analysis
Soluna Holdings (SLNH) Return on Invested Capital [ROIC] (2022 - 2026) Analysis & Trends
For FY2024, Soluna Holdings reported Return on Invested Capital [ROIC] of -74.99%, down 47.39 percentage points from FY2023.
- Across earlier years, Return on Invested Capital [ROIC] came in at -27.60% in FY2023 (+72.29 pp) and -99.89% in FY2022.
- Quarterly Return on Invested Capital [ROIC] has ranged from -134.02% in Q2 2025 to -10.31% in Q1 2022 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for four consecutive quarters, with an average year-over-year change of -2.53 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 104.99 percentage points in Q1 2024, against a drop of 120.85 percentage points in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at -134.02% (Q2 2025), -118.42% (Q1 2025) and -77.02% (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,949.85 Bn | 3,873.01 Bn | 60.48 Bn | 26.70% |
| 2 | International Business Machines | 228.00 Bn | 178.81 Bn | 9.91 Bn | 11.34% |
| 3 | Cloudflare | 103.51 Bn | 87.04 Bn | 499.52 Mn | -12.36% |
| 4 | Equinix | 97.35 Bn | 85.92 Bn | 1.40 Bn | 5.64% |
| 5 | Nebius | 41.52 Bn | 14.95 Bn | 448.70 Mn | -3.32% |
| 6 | CoreWeave | 34.23 Bn | 21.32 Bn | 1.70 Bn | -1.20% |
| 7 | Verisign | 27.83 Bn | 25.04 Bn | 384.60 Mn | - |
| 8 | Nutanix | 18.34 Bn | 10.03 Bn | 651.35 Mn | - |
| 9 | GoDaddy | 14.21 Bn | 9.79 Bn | 828.20 Mn | 25.51% |
| 10 | Soluna Holdings | 75.97 Mn | 75.97 Mn | 766,000.00 | -28.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -28.37% |
| Mar 31, 2026 | -33.64% |
| Dec 31, 2025 | -31.31% |
| Sep 30, 2025 | -86.43% |
| Jun 30, 2025 | -134.02% |
| Mar 31, 2025 | -112.02% |
| Dec 31, 2024 | -66.71% |
| Sep 30, 2024 | -16.31% |
| Jun 30, 2024 | -11.42% |
| Mar 31, 2024 | -16.64% |
| Dec 31, 2023 | -26.17% |
| Sep 30, 2023 | -34.85% |
| Jun 30, 2023 | -66.01% |
| Mar 31, 2023 | -121.76% |
| Dec 31, 2022 | -103.09% |
| Sep 30, 2022 | -53.44% |
| Jun 30, 2022 | -15.33% |
| Mar 31, 2022 | -9.76% |
API Access
Soluna Holdings 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=SLNH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=SLNH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();