Flowserve Corporation (FLS)
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 | 186,742 | 245,455 | 237,699 | 231,273 | 188,687 | 84,057 | 95,442 | 96,019 | 125,919 | 165,270 | 171,585 | 132,331 | 130,351 | 146,900 | 150,600 | 198,500 | 238,800 | 229,300 | 197,700 | 156,900 |
| Total stockholders’ equity | US$ in thousands | 1,936,100 | 1,874,110 | 1,884,450 | 1,846,320 | 1,824,990 | 1,657,120 | 1,721,400 | 1,754,990 | 1,804,320 | 1,759,500 | 1,740,980 | 1,712,030 | 1,730,990 | 1,671,920 | 1,618,430 | 1,659,430 | 1,746,740 | 1,744,340 | 1,726,310 | 1,686,800 |
| ROE | 9.65% | 13.10% | 12.61% | 12.53% | 10.34% | 5.07% | 5.54% | 5.47% | 6.98% | 9.39% | 9.86% | 7.73% | 7.53% | 8.79% | 9.31% | 11.96% | 13.67% | 13.15% | 11.45% | 9.30% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $186,742K ÷ $1,936,100K
= 9.65%
Flowserve Corp.'s return on equity (ROE) has displayed a consistent upward trend throughout the current year, indicating improved efficiency in generating profits from shareholders' equity. The company's ROE stood at 9.65% in Q4 2023, showing a slight decline from the previous quarter's 13.10%, but still higher than the ROE figures recorded in the same quarter of the previous year.
The ROE for Q4 2023 compares favorably to the same quarter in 2022, reflecting a continuous improvement in the company's ability to utilize equity to generate profits. The average ROE for the current year is notably higher than the previous year's average, suggesting enhanced financial performance and increased shareholder value.
Flowserve Corp.'s ROE performance in the recent quarters indicates a positive outlook for the company's financial health and profitability. It is essential for the management to sustain this positive trend to ensure long-term value creation for the shareholders and stakeholders.
Peer comparison
Dec 31, 2023