What is BNC's return on invested capital?

BNC (BNC) reported return on invested capital of -154.4% in Q1 2026.

How has BNC's return on invested capital changed year-over-year?

BNC's return on invested capital decreased by 57.6% year-over-year, from -97.9% to -154.4%.

What does return on invested capital mean?

Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

BNC BNC Return on invested capital

Return on invested capital at other companies

MicroStrategyMSTR

5.8%—

Coinbase Global, Inc.COIN

12.6%-191pp

EMP

Empery Digital Inc. Common stockEMPD

-18.8%—

Bit DigitalBTBT

-46.4%—

Asset EntitiesASST

-95%—

Gryphon Digital Mining, Inc.ABTC

-43.3%-50.1pp

Other financials

Income statement

See full

Revenue$26.4M-5.7%

Gross profit$7.9M-21.1%

Operating income-$159.6M-14,760%

Net income$115.2M+20,118%

EPS (diluted)$2.52-99.4%

Balance sheet

See full

Cash & equivalents$3.1M+42.4%

Total debt$2.5M+955%

Total equity$304.8M+3,613%

Total assets$337.8M+3,636%

Cash flow

See full

Operating cash flow-$26.6M-3,471%

CapEx$9.0K—

Free cash flow-$26.6M—

Valuation

See full

Market cap$112.24M-72.3%

Enterprise value$111.7M—

P/E0.4×—

P/S2.6×—

Profitability

See full

Gross margin28.9%-11.6pp

Operating margin-547.1%-554pp

Net margin667.2%+661pp

FCF margin-27.7%—

Returns & leverage

See full

Return on equity186.8%+163pp

Debt / equity0×0.0×

Current ratio1.2×-7.0×

Where this comes from

Calculated from BNC’s reported figures.

nopat/invested capital=-154.4%

Based on trailing twelve months.

The official record: BNC’s 10-K, filed June 23, 2026, on SEC EDGAR. View the filing →

Ask your AI about BNC's return on invested capital.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is BNC's return on invested capital?: BNC (BNC) reported return on invested capital of -154.4% in Q1 2026.
How has BNC's return on invested capital changed year-over-year?: BNC's return on invested capital decreased by 57.6% year-over-year, from -97.9% to -154.4%.
What does return on invested capital mean?: Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.