Api Group Corp (APG)
Return on equity (ROE)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 240,000 | 250,000 | 208,000 | 193,000 | 172,000 | 153,000 | 150,000 | 124,000 | 106,000 | 73,000 | 66,000 | 57,000 | 45,000 | 44,000 | 7,000 | 15,000 | 33,000 | -153,000 | -284,000 | -299,000 |
| Total stockholders’ equity | US$ in thousands | 2,982,000 | 2,953,000 | 2,967,000 | 2,835,000 | 2,301,000 | 2,868,000 | 2,232,000 | 3,044,000 | 2,165,000 | 2,127,000 | 2,947,000 | 2,953,000 | 3,075,000 | 2,323,000 | 2,297,000 | 1,828,000 | 1,791,000 | 1,558,000 | 1,598,000 | 1,565,000 |
| ROE | 8.05% | 8.47% | 7.01% | 6.81% | 7.48% | 5.33% | 6.72% | 4.07% | 4.90% | 3.43% | 2.24% | 1.93% | 1.46% | 1.89% | 0.30% | 0.82% | 1.84% | -9.82% | -17.77% | -19.11% |
March 31, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $240,000K ÷ $2,982,000K
= 8.05%
The analysis of Api Group Corp's return on equity (ROE) over the period from June 30, 2020, through March 31, 2025, reveals a trajectory characterized by significant fluctuations during the initial stages, followed by consistent improvement in recent periods.
In the second quarter of 2020, the company reported a negative ROE of -19.11%, indicating a period of substantial losses relative to shareholders' equity. This negative figure persisted into September 2020, with a slight improvement to -17.77%. By the end of 2020, the negative ROE decreased further to -9.82% in December, suggesting a narrowing of losses or improving efficiency.
The first quarter of 2021 marks a pivotal turning point with a transition to positive territory, recording a ROE of 1.84%. This positive shift continued into subsequent quarters, with ROE values of 0.82% in June 2021 and 0.30% in September 2021, indicating modest but sustained profitability. The upward trend persisted, with ROE rising to 1.89% in December 2021 and maintaining comparatively stable levels in early 2022.
Between March 2022 and September 2022, ROE demonstrated steady growth, reaching 2.24%. This positive momentum continued into late 2022 and early 2023, with ROE ascending to 3.43% at the end of 2022, then further to 4.90% in March 2023. During this period, Api Group Corp exhibited consistent gains in profitability relative to shareholders' equity.
From mid-2023 onward, the ROE sustained its upward momentum, peaking at 8.47% in December 2024. The data indicates a period of robust profitability improvements, with the ROE increasing from approximately 4% in early 2023 to over 8% by the end of 2024. As of March 31, 2025, the ROE was recorded at 8.05%, maintaining a high level of profitability relative to equity.
Overall, the company's ROE moved from substantial negative values during mid-2020 to positive and progressively higher levels in subsequent years. This trend reflects a notable recovery and enhancement in profitability efficiency, with recent figures suggesting Api Group Corp has established a more sustainable and profitable position, effectively utilizing shareholders’ equity to generate earnings.
Peer comparison
Mar 31, 2025