Glaukos Corp (GKOS)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -146,372 | -134,661 | -99,195 | -49,593 | -120,348 |
| Total stockholders’ equity | US$ in thousands | 766,931 | 461,766 | 530,005 | 587,151 | 667,449 |
| ROE | -19.09% | -29.16% | -18.72% | -8.45% | -18.03% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-146,372K ÷ $766,931K
= -19.09%
The Return on Equity (ROE) of Glaukos Corp has shown a fluctuating trend over the past five years. As of December 31, 2020, the ROE was at -18.03%, indicating that the company generated a net loss in relation to shareholders' equity. Subsequently, there was a slight improvement in ROE by the end of 2021, standing at -8.45%.
However, the performance regressed in 2022 with ROE declining to -18.72%. The trend continued to worsen in 2023 with a ROE of -29.16%, reflecting a significant deterioration in the company's profitability compared to equity. By the end of 2024, there was a slight recovery in ROE to -19.09%, but the metric still remains negative.
Overall, the negative ROE figures indicate that Glaukos Corp has been struggling to generate profits in relation to shareholders' equity over the analyzed period. It is essential for the company to address the underlying issues impacting profitability to enhance shareholder value and improve its financial performance.
Peer comparison
Dec 31, 2024