EMCOR Group Inc (EME)
Return on equity (ROE)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 632,994 | 547,777 | 484,140 | 444,209 | 406,122 | 381,490 | 375,458 | 372,144 | 383,532 | 361,645 | 323,091 | 142,052 | 132,943 | 140,086 | 160,734 | 328,395 | 325,140 | 316,184 | 313,723 | 300,567 |
| Total stockholders’ equity | US$ in thousands | 2,469,780 | 2,278,930 | 2,117,380 | 2,065,620 | 1,973,590 | 1,841,720 | 1,952,090 | 2,135,100 | 2,252,390 | 2,141,350 | 2,090,480 | 2,119,970 | 2,052,670 | 2,007,290 | 1,943,620 | 2,026,950 | 2,057,130 | 1,975,160 | 1,894,180 | 1,810,770 |
| ROE | 25.63% | 24.04% | 22.87% | 21.50% | 20.58% | 20.71% | 19.23% | 17.43% | 17.03% | 16.89% | 15.46% | 6.70% | 6.48% | 6.98% | 8.27% | 16.20% | 15.81% | 16.01% | 16.56% | 16.60% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $632,994K ÷ $2,469,780K
= 25.63%
Emcor Group, Inc.'s return on equity (ROE) has been showing a positive trend over the past eight quarters. The ROE has consistently increased from 17.43% in Q1 2022 to 25.64% in Q4 2023, reflecting the company's ability to generate higher profits relative to its shareholders' equity.
This improvement indicates that Emcor Group, Inc. has been effectively utilizing its shareholders' investments to generate earnings growth. A higher ROE is generally considered favorable as it signifies efficient management of assets to generate profits.
The consistent upward trend in ROE suggests that Emcor Group, Inc. is efficiently managing its operations and assets, resulting in improved profitability over the quarters analyzed. This trend can be reassuring to investors and indicates the company's ability to generate a strong return for its shareholders.
Overall, Emcor Group, Inc.'s increasing ROE indicates positive financial performance and effective utilization of equity to drive shareholder value. This steady improvement in ROE over the quarters analyzed may reflect well on the company's strategic management and operational efficiency.
Peer comparison
Dec 31, 2023