BWX Technologies Inc (BWXT)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 245,849 | 238,191 | 305,871 | 278,670 | 244,115 |
| Total stockholders’ equity | US$ in thousands | 933,351 | 748,310 | 637,175 | 617,766 | 404,106 |
| ROE | 26.34% | 31.83% | 48.00% | 45.11% | 60.41% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $245,849K ÷ $933,351K
= 26.34%
The return on equity (ROE) of BWX Technologies Inc has fluctuated over the past five years. In 2019, the ROE was at its highest level at 60.41%, indicating that the company was generating substantial profits relative to its shareholders' equity. However, in the following years, the ROE experienced a downward trend, with a significant drop to 45.11% in 2020 and further decreases to 48.00% in 2021 and 31.83% in 2022.
Despite the fluctuations, the ROE rebounded slightly in 2023 to 26.34%. Overall, the ROE trend suggests that BWX Technologies Inc has been experiencing variability in its profitability in relation to shareholders' equity over the past five years, with a notable decline in recent years. Further analysis of the company's financial performance and efficiency in utilizing shareholder funds may be warranted to understand the factors contributing to these changes in ROE.
Peer comparison
Dec 31, 2023