Laboratory Corporation of America Holdings (LH)
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 | 746,000 | 435,500 | 449,500 | 433,100 | 418,000 | 661,200 | 830,700 | 1,000,400 | 1,279,100 | 1,756,000 | 1,990,500 | 2,099,300 | 2,377,300 | 2,762,600 | 2,878,700 | 2,642,900 | 1,556,100 | 844,900 | -175,700 | -216,900 |
| Total stockholders’ equity | US$ in thousands | 8,052,200 | 8,170,200 | 8,005,800 | 7,959,600 | 7,875,000 | 7,873,100 | 8,785,000 | 8,785,000 | 10,096,600 | 10,092,200 | 10,400,700 | 10,721,100 | 10,273,400 | 10,601,400 | 10,322,000 | 10,098,400 | 9,436,600 | 8,239,100 | 7,352,700 | 7,020,100 |
| ROE | 9.26% | 5.33% | 5.61% | 5.44% | 5.31% | 8.40% | 9.46% | 11.39% | 12.67% | 17.40% | 19.14% | 19.58% | 23.14% | 26.06% | 27.89% | 26.17% | 16.49% | 10.25% | -2.39% | -3.09% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $746,000K ÷ $8,052,200K
= 9.26%
The return on equity (ROE) of Laboratory Corporation of America Holdings has shown a fluctuating trend over the past few years. The ROE was negative at the beginning of 2020 but gradually improved throughout the year, turning positive by the end of the year. This positive momentum continued into 2021, with the ROE reaching its peak in June 2021 at 27.89%.
However, from September 2021 onwards, the ROE started to decline, indicating a decrease in profitability relative to shareholders' equity. By the end of 2024, the ROE had improved from its lowest point but was still below the levels seen in the previous years.
Overall, the ROE of Laboratory Corporation of America Holdings reflects fluctuations in profitability and efficiency in generating returns for shareholders over the period analyzed. Further analysis of the company's operational performance and financial structure may be needed to understand the underlying factors influencing the ROE trends.
Peer comparison
Dec 31, 2024