Concentra Group Holdings Parent, Inc. (CON)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 166,543 | 179,947 | 166,727 | 208,875 |
| Total stockholders’ equity | US$ in thousands | 275,671 | 1,155,600 | 973,317 | — |
| ROE | 60.41% | 15.57% | 17.13% | — |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $166,543K ÷ $275,671K
= 60.41%
Concentra Group Holdings Parent, Inc.'s return on equity (ROE) has displayed fluctuations over the years, as indicated in the financial data provided. In December 31, 2021, the ROE data is not available, suggesting a lack of information for that particular period. However, in December 31, 2022, the ROE stood at 17.13%, indicating that for each dollar of shareholder equity, the company generated a return of 17.13%.
Subsequently, in the following years, there were further changes in ROE. By December 31, 2023, the ROE decreased to 15.57%, signifying a slight decline in the company's ability to generate profits from the shareholders' equity in that year.
Remarkably, there was a significant upsurge in ROE by December 31, 2024, reaching a substantial 60.41%. This substantial increase suggests that Concentra Group Holdings Parent, Inc. effectively leveraged its equity to generate considerable returns for the shareholders in that specific period.
Overall, the fluctuations in ROE over the years indicate varying levels of effectiveness in utilizing shareholder equity to generate profits. It is essential for investors and stakeholders to consider the trends in ROE to assess the company's performance and profitability.
Peer comparison
Dec 31, 2024