ChampionX Corporation (CHX)
Return on equity (ROE)
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 320,266 | 314,698 | 320,401 | 363,629 | 314,238 | 304,897 | 250,254 | 181,799 | 154,969 | 130,561 | 164,321 | 144,229 | 113,299 | 77,207 | 12,465 | -104,430 | -743,930 | -753,110 | -733,802 | -601,220 |
| Total stockholders’ equity | US$ in thousands | 1,846,440 | 1,814,310 | 1,745,160 | 1,710,460 | 1,676,620 | 1,721,480 | 1,730,030 | 1,688,710 | 1,694,550 | 1,710,690 | 1,808,320 | 1,792,230 | 1,770,640 | 1,727,000 | 1,674,320 | 1,644,770 | 1,625,970 | 1,599,550 | 1,598,700 | 388,767 |
| ROE | 17.35% | 17.35% | 18.36% | 21.26% | 18.74% | 17.71% | 14.47% | 10.77% | 9.15% | 7.63% | 9.09% | 8.05% | 6.40% | 4.47% | 0.74% | -6.35% | -45.75% | -47.08% | -45.90% | -154.65% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $320,266K ÷ $1,846,440K
= 17.35%
ChampionX Corporation's return on equity (ROE) has shown a notable improvement over the past few years. The company experienced negative ROE in early 2020 but gradually turned the trend around by increasing its ROE to positive levels.
The ROE improved from a low of -154.65% in March 2020 to 17.35% by December 2024. This upward trend indicates that ChampionX Corporation has been effectively utilizing its shareholders' equity to generate profits.
The consistent improvement in ROE from 2020 to 2024 suggests that the company has enhanced its profitability and efficiency in utilizing equity capital to generate earnings for shareholders. Overall, the positive trend in ROE reflects positively on ChampionX Corporation's financial performance and management effectiveness.
Peer comparison
Dec 31, 2024