TON Strategy (TONX) Return on Capital Employed [ROCE] (2014 - 2026)
TON Strategy (TONX) recorded Return on Capital Employed [ROCE] of -10.42% in Q1 2026, up 59.49 percentage points from -69.91% a year earlier but down 3.57 percentage points from the prior quarter.
Powered by 
Analysis
TON Strategy (TONX) Return on Capital Employed [ROCE] (2014 - 2026) Analysis & Trends
For FY2025, TON Strategy reported Return on Capital Employed [ROCE] of -17.25%, up 84.51 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has increased for four straight years, with a five-year change of +164.97 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at -101.76% in FY2024 (+29.91 pp), -131.66% in FY2023 (+14.29 pp), -145.95% in FY2022 (+70.82 pp) and -216.78% in FY2021 (-34.56 pp).
- Quarterly Return on Capital Employed [ROCE] has ranged from -781.18% in Q3 2023 to -6.85% in Q4 2025 over the past five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased for three consecutive quarters, with an average year-over-year change of +212.43 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 724.12 percentage points in Q3 2024, against a drop of 663.53 percentage points in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -6.85% (Q4 2025), -9.26% (Q3 2025) and -66.57% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 53.33 Bn | 25.10 Bn | 3.24 Bn | 4.10% |
| 2 | PayPal Holdings | 51.08 Bn | 9.78 Bn | - | 17.00% |
| 3 | Coinbase Global | 36.00 Bn | -3.64 Bn | - | 1.02% |
| 4 | Fiserv | 33.73 Bn | 30.93 Bn | 2.76 Bn | -4.21% |
| 5 | Corpay | 30.05 Bn | 18.87 Bn | - | 20.60% |
| 6 | Global Payments | 25.91 Bn | 728.97 Mn | 2.01 Bn | 1.58% |
| 7 | Guidewire Software | 13.54 Bn | 10.10 Bn | 269.68 Mn | 7.92% |
| 8 | Chime Financial | 12.44 Bn | 8.13 Bn | 646.07 Mn | 2.85% |
| 9 | Jack Henry & Associates | 12.30 Bn | 12.20 Bn | 273.85 Mn | 24.98% |
| 10 | TON Strategy | 171.21 Mn | 171.21 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -10.42% |
| Dec 31, 2025 | -6.85% |
| Sep 30, 2025 | -9.26% |
| Jun 30, 2025 | -66.57% |
| Mar 31, 2025 | -69.91% |
| Dec 31, 2024 | -68.13% |
| Sep 30, 2024 | -57.07% |
| Jun 30, 2024 | -65.56% |
| Mar 31, 2024 | -136.14% |
| Dec 31, 2023 | -608.92% |
| Sep 30, 2023 | -781.18% |
| Jun 30, 2023 | -266.27% |
| Mar 31, 2023 | -212.75% |
| Dec 31, 2022 | -160.26% |
| Sep 30, 2022 | -117.65% |
| Jun 30, 2022 | -110.03% |
| Mar 31, 2022 | -189.29% |
| Dec 31, 2021 | -195.70% |
| Sep 30, 2021 | -193.93% |
| Jun 30, 2021 | -168.18% |
API Access
TON Strategy 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=TONX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "TONX", "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=TONX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();