Coterra Energy Inc (CTRA)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,625,000 | 4,065,000 | 1,158,000 | 201,000 | 681,000 |
| Total stockholders’ equity | US$ in thousands | 13,039,000 | 12,659,000 | 11,738,000 | 2,216,000 | 2,151,000 |
| ROE | 12.46% | 32.11% | 9.87% | 9.07% | 31.66% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,625,000K ÷ $13,039,000K
= 12.46%
Coterra Energy Inc's return on equity (ROE) has shown fluctuation over the past five years. In 2023, the ROE decreased to 12.42% from 32.02% in 2022, representing a significant decline. The drop in ROE may indicate a decrease in profitability relative to shareholders' equity for the company in 2023.
Compared to 2021 and 2020 where ROE was 9.80% and 9.05% respectively, the ROE in 2023 improved. However, the ROE in 2023 still falls short of the high ROE of 32.02% recorded in 2022. It is also noteworthy that the ROE in 2019 was 31.66%, significantly higher than the 2023 figure.
These fluctuations in ROE could be due to various factors such as changes in the company's capital structure, profitability, or asset utilization over the years. Further analysis of Coterra Energy Inc's financial statements and operations would be necessary to understand the drivers behind these changes in ROE and to assess the company's overall performance and financial health.
Peer comparison
Dec 31, 2023