Jacobs Solutions Inc. (J)
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 | 701,741 | 665,778 | 741,605 | 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 | 847,979 | 668,114 | 293,894 |
| Total stockholders’ equity | US$ in thousands | 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 | 5,714,690 | 6,060,060 | 5,465,850 |
| ROE | 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% | 14.84% | 11.02% | 5.38% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $701,741K ÷ $6,678,270K
= 10.51%
Jacobs Solutions Inc.'s Return on Equity (ROE) has shown some variability over the past few quarters. The ROE for the most recent quarter, ending December 31, 2023, was 10.51%, which indicates that the company generated a return of 10.51% on its shareholders' equity during that period.
Looking at the trend over the last five quarters, the ROE has fluctuated within a range of 7.10% to 12.12%. This suggests that the company's profitability and efficiency in utilizing shareholders' equity have been somewhat inconsistent.
The highest ROE of 16.33% was observed in the first quarter of 2020, while the lowest was 5.38% in the third quarter of 2019. These extremes indicate significant changes in the company's profitability and efficiency over these periods.
Overall, Jacobs Solutions Inc. has maintained a moderate ROE level, hovering around 10% in recent quarters. The company may aim to enhance its ROE to ensure sustainable growth and maximize returns for its shareholders. Analyzing the factors contributing to the fluctuations in ROE can provide insights into areas that may require improvement to enhance overall financial performance.
Peer comparison
Dec 31, 2023