What is KEEL's return on invested capital?

KEEL (KEEL) reported return on invested capital of -6.8% in Q4 2024.

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.

KEEL KEEL Return on invested capital

Return on invested capital at other companies

Riot Platforms, Inc.RIOT

-27.5%-80.5pp

Cipher Digital, Inc. CIFR

-18.1%—

TeraWulfWULF

-72.1%+161pp

Core Scientific, Inc.CORZ

-130.6%—

Applied DigitalAPLD

-10.3%—

CleanSparkCLSK

-13%-4.3pp

Other financials

Income statement

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Revenue$37.0M-22.4%

Gross profit-$26.3M-9,631%

Operating income-$98.4M-182%

Net income-$145.4M-162%

EPS (diluted)-$0.24-118%

Balance sheet

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Cash & equivalents$357.3M+827%

Total debt$591.0M—

Total equity$419.1M-36.6%

Total assets$1.1B—

Cash flow

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Operating cash flow-$64.7M-243%

CapEx$10.3M-76.2%

Free cash flow-$75.0M-20.6%

Valuation

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Market cap$3.7B—

Enterprise value$3.93B—

P/S24.4×—

Profitability

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Gross margin-7.9%-2.8pp

Operating margin-37.8%+2.0pp

Net margin-52%+24.6pp

FCF margin-259.9%+201pp

Returns & leverage

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Return on equity-6.1%-2.5pp

Debt / equity1.4×—

Current ratio9.6×—

Where this comes from

Calculated from KEEL’s reported figures.

nopat/invested capital=-6.8%

Based on trailing twelve months.

The official record: KEEL’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is KEEL's return on invested capital?: KEEL (KEEL) reported return on invested capital of -6.8% in Q4 2024.
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.