Workhorse (WKHS) Return on Invested Capital (2020 - 2025)

Workhorse has disclosed Return on Invested Capital across 6 years of filings, most recently posting 0.01% for Q4 2025.

• In Q4 2025, Return on Invested Capital rose 11.0% year-over-year to 0.01%; the TTM figure through Dec 2025 stood at 0.01% (up 11.0% YoY), while the FY2025 annual figure was 0.34%, down 35.0% from the prior year.
• Return on Invested Capital eased to 0.01% in Q4 2025, from 0.01% in the prior quarter.
• Over the last five years, Return on Invested Capital for WKHS reached as high as 0.07% in Q1 2025 and fell as low as 0.14% in Q1 2024.
• The 5-year median for Return on Invested Capital is 0.01% (2022), against an average of 0.02%.
• Annual changes were most pronounced in 2024 — Return on Invested Capital declined 8 bps — and 2025, when it rose 21 bps.
• A 5-year view of Return on Invested Capital shows it stood at 0.01% in 2021, then retreated by 28 bps to 0.01% in 2022, then tumbled by 148 bps to 0.04% in 2023, then plunged by 236 bps to 0.12% in 2024, then surged by 89 bps to 0.01% in 2025.
• According to Business Quant data, Return on Invested Capital over the past three periods registered 0.01%, 0.01%, and 0.01% for Q4 2025, Q3 2025, and Q2 2025 respectively.