Quest Diagnostics Incorporated (DGX)
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 | 871,000 | 841,000 | 840,000 | 846,000 | 854,000 | 763,000 | 792,000 | 790,000 | 942,000 | 1,230,000 | 1,479,000 | 1,874,000 | 1,988,000 | 2,175,000 | 2,238,000 | 1,794,000 | 1,425,000 | 1,102,000 | 750,000 | 772,000 |
Total stockholders’ equity | US$ in thousands | 6,778,000 | 6,809,000 | 6,617,000 | 6,432,000 | 6,307,000 | 6,425,000 | 6,249,000 | 6,050,000 | 5,893,000 | 6,235,000 | 6,411,000 | 6,377,000 | 6,444,000 | 6,392,000 | 5,899,000 | 6,745,000 | 6,759,000 | 6,400,000 | 5,831,000 | 5,657,000 |
ROE | 12.85% | 12.35% | 12.69% | 13.15% | 13.54% | 11.88% | 12.67% | 13.06% | 15.99% | 19.73% | 23.07% | 29.39% | 30.85% | 34.03% | 37.94% | 26.60% | 21.08% | 17.22% | 12.86% | 13.65% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $871,000K ÷ $6,778,000K
= 12.85%
Quest Diagnostics Incorporated has shown fluctuation in its return on equity (ROE) over the period from March 31, 2020, to December 31, 2024. The ROE started at 13.65% in March 2020 and saw a slight decrease to 12.86% by June 2020. However, there was a significant improvement as the ROE reached 21.08% by December 2020. The positive trend continued into 2021, with ROE hitting 37.94% by June 2021, showing strong performance.
Subsequently, the ROE decreased to 12.69% by June 2024, indicating a decline in profitability compared to the peak observed in 2021. However, the ROE remained relatively stable around the 12-13% range in the following periods up to December 2024.
Overall, Quest Diagnostics Incorporated experienced fluctuations in its ROE, exhibiting both strong and weaker periods of profitability. It is essential for stakeholders to monitor these changes closely to understand the company's performance and future potential.
Peer comparison
Dec 31, 2024