Veon (VEON) Return on Capital Employed [ROCE] (2010 - 2025)
Veon's Return on Capital Employed [ROCE] was 39.89% in Q4 2025, down 158.50 percentage points from 198.39% a year earlier.
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Analysis
Veon (VEON) Return on Capital Employed [ROCE] (2010 - 2025) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Veon came in at 27.71%, up 3.05 percentage points from FY2024.
- Return on Capital Employed [ROCE] has now increased for four consecutive years, with a five-year change of +20.15 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was 24.66% in FY2024 (+13.14 pp), 11.52% in FY2023 (+0.80 pp), 10.71% in FY2022 (+3.87 pp) and 6.84% in FY2021 (-0.71 pp).
- The Q4 2025 figure marks the lowest quarterly Return on Capital Employed [ROCE] since Q2 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 190.87 Bn | 155.27 Bn | 27.03 Bn | 8.11% |
| 2 | T-Mobile US | 175.88 Bn | 160.63 Bn | 14.76 Bn | 9.58% |
| 3 | At&T | 166.65 Bn | 114.60 Bn | 25.82 Bn | 6.89% |
| 4 | Grupo Televisa, S.A.B | 142.49 Bn | 131.12 Bn | 318.12 Mn | 4.82% |
| 5 | Comcast | 76.29 Bn | 40.54 Bn | - | 8.12% |
| 6 | Chunghwa Telecom | 35.81 Bn | 31.66 Bn | 728.80 Mn | 2.46% |
| 7 | EchoStar | 27.35 Bn | 18.48 Bn | 1.65 Bn | -45.15% |
| 8 | AST SpaceMobile | 22.74 Bn | 23.25 Bn | 7.95 Mn | -11.61% |
| 9 | Telefonica Brasil | 18.42 Bn | 12.42 Bn | 1.42 Bn | - |
| 10 | Veon | 5.59 Bn | -1.94 Bn | 1.10 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 39.89% |
| Dec 31, 2024 | 198.39% |
| Jun 30, 2023 | 7.37% |
| Jun 30, 2022 | 8.33% |
| Dec 31, 2021 | 6.86% |
| Sep 30, 2021 | 15.96% |
| Jun 30, 2021 | 8.73% |
| Mar 31, 2021 | 8.39% |
| Dec 31, 2020 | 9.33% |
| Sep 30, 2020 | 12.50% |
| Jun 30, 2020 | 20.93% |
| Mar 31, 2020 | 21.44% |
| Dec 31, 2019 | 24.02% |
| Sep 30, 2019 | 17.96% |
| Jun 30, 2019 | 6.52% |
| Mar 31, 2019 | 9.47% |
| Dec 31, 2018 | 3.73% |
| Sep 30, 2018 | 4.60% |
| Jun 30, 2018 | 38.38% |
| Mar 31, 2018 | 29.87% |
API Access
Veon 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=VEON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "VEON", "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=VEON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();