EQT Corporation (EQT)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	230,577	1,735,230	1,770,960	-1,142,750	-958,799
Total assets	US$ in thousands	39,830,300	25,285,100	22,669,900	21,607,400	18,113,500
ROA		0.58%	6.86%	7.81%	-5.29%	-5.29%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $230,577K ÷ $39,830,300K
= 0.58%

The return on assets (ROA) of EQT Corporation has shown fluctuations over the past five years. At the end of December 31, 2020, and December 31, 2021, the ROA was a negative -5.29%, indicating that the company was not efficiently generating profit from its assets during those periods.

However, there was a significant improvement in the ROA by December 31, 2022, where it rose to 7.81%, indicating that the company was able to enhance its profitability relative to its assets. This positive trend continued into December 31, 2023, with the ROA decreasing slightly to 6.86%, indicating a continued solid performance in utilizing its assets to generate income.

By December 31, 2024, the ROA decreased to 0.58%, signaling a slight decline in the company's efficiency in generating profit from its assets compared to the previous periods. Overall, EQT Corporation has shown a mix of performance in terms of ROA over the past five years, with significant improvements shown in some years while experiencing fluctuations and a slight decline in others.