Hess Corporation (HES)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,769,000 | 2,640,000 | 2,646,000 | 2,008,000 | 1,382,000 | 1,466,000 | 1,477,000 | 2,025,000 | 2,096,000 | 1,864,000 | 1,464,000 | 724,000 | 559,000 | 197,000 | -161,000 | -408,000 | -3,093,000 | -3,218,000 | -3,180,000 | -2,866,000 |
| Total stockholders’ equity | US$ in thousands | 11,424,000 | 10,821,000 | 10,487,000 | 9,868,000 | 8,986,000 | 8,631,000 | 8,272,000 | 8,133,000 | 7,982,000 | 7,559,000 | 7,136,000 | 6,308,000 | 6,300,000 | 5,609,000 | 5,488,000 | 5,616,000 | 5,366,000 | 5,916,000 | 6,395,000 | 7,200,000 |
| ROE | 24.24% | 24.40% | 25.23% | 20.35% | 15.38% | 16.99% | 17.86% | 24.90% | 26.26% | 24.66% | 20.52% | 11.48% | 8.87% | 3.51% | -2.93% | -7.26% | -57.64% | -54.39% | -49.73% | -39.81% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,769,000K ÷ $11,424,000K
= 24.24%
Hess Corporation's return on equity (ROE) has shown a significant improvement over the analyzed periods. Starting from a negative ROE in 2020, the company gradually progressed to positive levels by March 2021. This positive trend continued, with ROE consistently increasing throughout the following years, reaching a peak of 26.26% by December 2022.
The company maintained relatively strong ROE levels above 15% from December 2023 to December 2024, indicating that the company effectively utilized shareholders' equity to generate profits during this period.
Overall, the positive trend in ROE reflects Hess Corporation's improving profitability and efficiency in managing its equity to generate returns for its shareholders. This indicates a positive outlook for the company's financial performance and may signal a stable and potentially profitable investment opportunity for stakeholders.
Peer comparison
Dec 31, 2024