Terawulf (WULF) Return on Capital Employed (2011 - 2026)

Terawulf's (WULF) quarterly Return on Capital Employed came in at 6.56% in Q1 2026, up 1269.0% year-on-year from 0.48% in Q1 2025, and up 2.34% quarter-over-quarter from 6.72% in Q4 2025.

Terawulf (WULF) Return on Capital Employed (2011 - 2026) Analysis & Trends

Terawulf has disclosed Return on Capital Employed across 16 years of filings, most recently posting 6.56% for Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 6.56%, up 1269.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 6.56% (up 1269.0% YoY), and the FY2025 annual result was 9.61%, up 474.0% from the prior year.
  • Return on Capital Employed came in at 6.56% for Q1 2026 at Terawulf, up from 6.72% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 6.56% in Q1 2026 to a low of 26.66% in Q1 2022.
  • The 5-year median for Return on Capital Employed is 15.83% (2025), against an average of 15.0%.
  • Peak annual rise in Return on Capital Employed reached 3067 bps in 2022, while the deepest fall reached 2189 bps in 2022.
  • Terawulf's Return on Capital Employed stood at 23.3% in 2022, then soared by 34 bps to 15.46% in 2023, then rose by 10 bps to 13.99% in 2024, then surged by 52 bps to 6.72% in 2025, then advanced by 2 bps to 6.56% in 2026.
  • The last three Return on Capital Employed figures came in at 6.56% (Q1 2026), 6.72% (Q4 2025), and 15.83% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 SOL Strategies 96,012.83 Bn 96,012.83 Bn - -
2 Morgan Stanley 328.23 Bn 194.70 Bn - -
3 Goldman Sachs 313.22 Bn -624.33 Bn - -
4 Schwab Charles 154.90 Bn 109.92 Bn - -
5 Robinhood Markets 75.17 Bn 70.53 Bn 960.00 Mn 27.74%
6 Interactive Brokers 38.41 Bn 49.00 Bn - -
7 LPL Financial Holdings 23.13 Bn 22.10 Bn - -
8 Tradeweb Markets 21.12 Bn 19.87 Bn - -
9 Circle Internet 19.75 Bn 18.24 Bn 35.01 Mn -5.62%
10 Terawulf 2.04 Bn -780.52 Mn 31.65 Mn -6.56%

Historic Data

Download Data
DateValue
Mar 31, 2026 -6.56%
Dec 31, 2025 -6.72%
Sep 30, 2025 -15.83%
Jun 30, 2025 -20.22%
Mar 31, 2025 -19.26%
Dec 31, 2024 -13.99%
Sep 30, 2024 -7.18%
Jun 30, 2024 -6.79%
Mar 31, 2024 -8.51%
Dec 31, 2023 -15.46%
Sep 30, 2023 -19.33%
Jun 30, 2023 -18.46%
Mar 31, 2023 -16.77%
Dec 31, 2022 -23.30%
Mar 31, 2022 -26.66%
Dec 31, 2021 -53.97%
Sep 30, 2021 -61.04%
Jun 30, 2021 -3.22%
Mar 31, 2021 -4.77%
Dec 31, 2020 -1.16%