FMC Corporation (FMC)
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 | 1,321,500 | 496,900 | 621,400 | 725,100 | 736,500 | 653,300 | 692,000 | 762,500 | 739,600 | 598,400 | 550,100 | 529,800 | 551,500 | 498,800 | 477,800 | 467,900 | 477,400 | 513,000 | 495,400 | 450,600 |
| Total stockholders’ equity | US$ in thousands | 4,410,900 | 3,290,900 | 3,353,000 | 3,470,700 | 3,377,900 | 3,188,200 | 3,108,500 | 3,059,100 | 3,124,300 | 3,031,400 | 3,110,700 | 3,008,600 | 2,961,800 | 2,944,500 | 2,822,200 | 2,675,400 | 2,532,300 | 2,649,200 | 2,763,600 | 2,761,000 |
| ROE | 29.96% | 15.10% | 18.53% | 20.89% | 21.80% | 20.49% | 22.26% | 24.93% | 23.67% | 19.74% | 17.68% | 17.61% | 18.62% | 16.94% | 16.93% | 17.49% | 18.85% | 19.36% | 17.93% | 16.32% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,321,500K ÷ $4,410,900K
= 29.96%
FMC Corp.'s return on equity (ROE) has exhibited some fluctuations over the past eight quarters. In Q4 2023, the ROE stands at 29.90%, showing a substantial increase from the previous quarter. This significant improvement in ROE suggests that the company's profitability relative to shareholders' equity has strengthened greatly in the most recent quarter.
Looking back, the ROE has generally been on an upward trend from Q1 2022 to Q2 2023, peaking at 29.90% in the latest quarter. During this period, FMC Corp. has been effectively utilizing its equity to generate profits for its shareholders.
However, the company did experience some variability in ROE performance, as seen in Q3 and Q4 2022, where there was a slight dip in ROE compared to the preceding quarters. Despite these fluctuations, the overall trend indicates that FMC Corp. has been successful in generating a favorable return on the equity invested by its shareholders.
Overall, FMC Corp.'s ROE performance over the past two years demonstrates a generally positive trajectory, with the most recent quarter showcasing a notable improvement in profitability relative to shareholders' equity.
Peer comparison
Dec 31, 2023