MYR Group Inc (MYRG)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 90,990 | 83,381 | 85,010 | 58,759 | 37,690 |
| Total stockholders’ equity | US$ in thousands | 651,202 | 560,200 | 519,102 | 429,288 | 364,471 |
| ROE | 13.97% | 14.88% | 16.38% | 13.69% | 10.34% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $90,990K ÷ $651,202K
= 13.97%
MYR Group Inc's return on equity (ROE) has shown a fluctuating trend over the past five years. In 2023, the ROE decreased to 13.97% from the previous year's 14.88%. Despite this slight decrease, the company's ROE remains relatively healthy. Compared to 2019, MYR Group Inc has steadily improved its ROE, with the most notable increase occurring in 2021 where it reached 16.38%.
Overall, MYR Group Inc's ROE demonstrates a positive trend of increasing returns for shareholders over the years, reflecting the company's improved efficiency in generating profits from shareholders' equity. This indicates that the company is effectively utilizing its equity to generate earnings and create value for shareholders.
Peer comparison
Dec 31, 2023