ANGI Homeservices Inc (ANGI)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 36,004 | -40,940 | -127,982 | -70,494 | -4,160 |
| Total stockholders’ equity | US$ in thousands | 1,062,800 | 1,040,770 | 1,048,380 | 1,134,620 | 1,272,290 |
| ROE | 3.39% | -3.93% | -12.21% | -6.21% | -0.33% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $36,004K ÷ $1,062,800K
= 3.39%
The return on equity (ROE) of ANGI Homeservices Inc. exhibited a notable trend over the period from December 31, 2020, to December 31, 2024. Starting with a marginally negative value of -0.33% at the end of 2020, the ROE declined further into deeper negative territory, reaching -6.21% by the end of 2021 and subsequently deepening to -12.21% at the close of 2022. This persistent decline indicates that during this period, the company was experiencing increasing challenges in generating sufficient net income relative to its shareholders' equity, suggesting deteriorating profitability and potential operational or market-style headwinds.
In 2023, the ROE improved somewhat, reducing the negative value to -3.93%. While still negative, this shift implies a partial recovery or a decrease in net losses relative to shareholders' equity, potentially reflecting strategic adjustments, improved operational efficiencies, or external factors contributing to better financial performance.
By the end of 2024, the ROE transitioned into positive territory at 3.39%. This positive turn signals a significant turnaround in the company's ability to generate profits relative to shareholders' equity, indicating improved profitability and a more favorable financial standing. This progression suggests that ANGI Homeservices Inc. has undergone a notable transformation in its financial performance over this period, moving from sustained losses to a phase of profit generation within shareholders' equity.
Peer comparison
Dec 31, 2024