Jacobs Solutions Inc. (J)
Return on equity (ROE)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 806,093 | 630,035 | 647,338 | 701,738 | 665,776 | 741,604 | 773,349 | 645,653 | 644,040 | 461,978 | 431,789 | 354,018 | 477,032 | 515,880 | 595,015 | 491,883 | 491,845 | 552,176 | 831,689 | 980,693 |
| Total stockholders’ equity | US$ in thousands | 4,549,470 | 6,616,790 | 6,624,110 | 6,678,270 | 6,546,220 | 6,521,720 | 6,379,640 | 6,184,100 | 6,060,060 | 5,933,290 | 6,077,450 | 6,069,950 | 5,940,040 | 6,152,910 | 6,008,440 | 6,099,490 | 5,815,710 | 5,835,810 | 5,561,780 | 6,004,420 |
| ROE | 17.72% | 9.52% | 9.77% | 10.51% | 10.17% | 11.37% | 12.12% | 10.44% | 10.63% | 7.79% | 7.10% | 5.83% | 8.03% | 8.38% | 9.90% | 8.06% | 8.46% | 9.46% | 14.95% | 16.33% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $806,093K ÷ $4,549,470K
= 17.72%
The return on equity (ROE) of Jacobs Solutions Inc. has shown some fluctuations over the past few quarters. The ROE for the most recent quarter, ending on September 30, 2024, was 17.72%, which represents a significant increase compared to the previous quarter's 9.52%. This indicates a notable improvement in the company's efficiency in generating profits from its shareholders' equity.
Looking at the trend over the past several quarters, the ROE has generally been on an upward trajectory since the end of 2021. However, there have been some fluctuations along the way, with occasional dips in ROE levels.
It is important to note that while the recent ROE of 17.72% is relatively high, further analysis is needed to determine the factors driving this improvement. Investors and stakeholders may want to investigate the company's profitability, asset management, and leverage to gain a deeper understanding of the reasons behind the changes in ROE.
Overall, the improving trend in Jacobs Solutions Inc.'s ROE suggests positive developments in the company's ability to generate earnings from its equity base, but a more in-depth analysis is warranted to fully assess the company's financial performance.
Peer comparison
Sep 30, 2024