Hub Group Inc (HUBG)

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	167,529	218,018	274,884	331,225	356,948	361,988	318,001	241,747	171,474	109,548	90,991	77,553	73,559	79,126	80,450	96,513	107,171	128,127	216,632	209,466
Total stockholders’ equity	US$ in thousands	1,634,640	1,629,070	1,610,740	1,659,050	1,599,600	1,517,380	1,535,190	1,426,970	1,340,310	1,255,120	1,207,080	1,176,500	1,157,920	1,135,010	1,105,840	1,088,710	1,075,280	1,044,560	1,032,580	1,007,060
ROE		10.25%	13.38%	17.07%	19.96%	22.31%	23.86%	20.71%	16.94%	12.79%	8.73%	7.54%	6.59%	6.35%	6.97%	7.28%	8.86%	9.97%	12.27%	20.98%	20.80%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $167,529K ÷ $1,634,640K
= 10.25%

Hub Group, Inc.'s return on equity (ROE) has displayed a declining trend over the past eight quarters. The ROE decreased from 22.31% in Q4 2022 to 10.25% in Q4 2023. This decline indicates a reduction in the company's ability to generate profit from its shareholder's equity. However, it's worth noting that despite the downward trend, the company still experienced relatively strong ROE figures, with the highest being 23.86% in Q3 2022. Further analysis is needed to identify the factors contributing to this declining trend in ROE and to assess the company's overall financial performance and efficiency in utilizing its equity.