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

Terawulf (WULF) posted Return on Capital Employed of 6.56% for Q1 2026, up 2.34% sequentially from 6.72% in Q4 2025, and up 1269.0% YoY from 0.48% in Q1 2025.

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

Terawulf (WULF) has 16 years of Return on Capital Employed data on file, last reported at 6.56% in Q1 2026.

  • Quarterly Return on Capital Employed rose 1269.0% year-over-year to 6.56% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 6.56% (up 1269.0% YoY) and the FY2025 annual result came in at 9.61%, up 474.0% from the prior year.
  • Return on Capital Employed climbed to 6.56% in Q1 2026 per WULF's latest filing, from 6.72% in the prior quarter.
  • The five-year high for Return on Capital Employed was 6.56% in Q1 2026, with the low at 26.66% in Q1 2022.
  • Average Return on Capital Employed over 5 years is 15.0%, with a median of 15.83% recorded in 2025.
  • The widest YoY moves for Return on Capital Employed: up 3067 bps in 2022, down 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 climbed by 10 bps to 13.99% in 2024, then surged by 52 bps to 6.72% in 2025, then increased by 2 bps to 6.56% in 2026.
  • Business Quant data shows WULF's Return on Capital Employed at 6.56% in Q1 2026, 6.72% in Q4 2025, and 15.83% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 29.16%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 27.74%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - -
7 Tradeweb Markets 21.59 Bn 20.34 Bn - -
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn -5.62%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -6.29%
10 Terawulf 9.97 Bn 7.15 Bn 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%