John B Sanfilippo & Son Inc (JBSS)
Return on equity (ROE)
| Jun 30, 2025 | Mar 31, 2025 | 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 | Dec 23, 2021 | Sep 30, 2021 | Sep 23, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 58,934 | 55,420 | 48,744 | 54,320 | 60,249 | 64,909 | 67,164 | 64,900 | 62,857 | 65,598 | 61,743 | 58,083 | 55,785 | 57,620 | 64,992 | 64,088 | 65,542 | 66,178 | 59,741 | 57,655 |
| Total stockholders’ equity | US$ in thousands | 360,697 | 346,613 | 325,631 | 310,803 | 322,613 | 321,812 | 307,237 | 287,367 | 292,207 | 292,318 | 275,663 | 269,163 | 278,821 | 254,779 | 241,803 | 241,803 | 228,165 | 228,165 | 242,494 | 230,903 |
| ROE | 16.34% | 15.99% | 14.97% | 17.48% | 18.68% | 20.17% | 21.86% | 22.58% | 21.51% | 22.44% | 22.40% | 21.58% | 20.01% | 22.62% | 26.88% | 26.50% | 28.73% | 29.00% | 24.64% | 24.97% |
June 30, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $58,934K ÷ $360,697K
= 16.34%
The analysis of John B Sanfilippo & Son Inc.'s return on equity (ROE) over the specified period indicates several notable trends.
During the fiscal year ending March 31, 2021, the company's ROE was approximately 24.97%, reflecting a strong profitability relative to shareholders' equity. This high ROE was consistent through mid-2021, with slight fluctuations—24.64% as of June 30, 2021, and increasing to 29.00% by September 23, 2021. The peak within this period suggests a period of robust profitability.
Towards the end of 2021, the ROE experienced a slight decline but remained relatively elevated at around 26.50% to 26.88%. Moving into 2022, a downward trend becomes apparent. The ROE decreased to 22.62% as of March 31, 2022, and continued to decline through 2023, reaching approximately 21.51% on June 30, 2023, and slightly rising to 22.58% by September 30, 2023. This indicates a gradual erosion of potential profitability margins or a change in shareholders' equity or net income levels.
From the most recent data available, the ROE further declined to 20.17% as of March 31, 2024, then sharply dipped to 14.97% at December 31, 2024. The subsequent quarters showed some stabilization but at lower levels, with the ROE at 15.99% on March 31, 2025, and slightly increasing to 16.34% as of June 30, 2025.
In summary, the company's ROE experienced an initial period of high profitability, peaking around September 2021, followed by a gradual and sustained decline over the subsequent years. The downward trend suggests potential shifts in earnings generation efficiency, leverage, or equity levels, or a combination of these factors. Despite fluctuations, the recent figures indicate a lower return on shareholders’ equity compared to the peak levels observed in late 2021.
Peer comparison
Jun 30, 2025