MYR Group Inc (MYRG)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 30,263 | 90,990 | 83,381 | 85,010 | 58,759 |
| Total stockholders’ equity | US$ in thousands | 600,360 | 651,202 | 560,200 | 519,102 | 429,288 |
| ROE | 5.04% | 13.97% | 14.88% | 16.38% | 13.69% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $30,263K ÷ $600,360K
= 5.04%
MYR Group Inc's return on equity (ROE) has shown fluctuations over the years based on the provided data. In December 31, 2020, the ROE was at 13.69%, indicating a moderate level of profitability generated from shareholders' equity. Subsequently, in December 31, 2021, there was an improvement in ROE to 16.38%, suggesting an increase in the company's ability to generate profit from the shareholders' equity.
However, in December 31, 2022, the ROE slightly decreased to 14.88%, albeit still above the initial value in 2020, indicating a relatively stable performance. In the following year, December 31, 2023, the ROE decreased further to 13.97%, but remained at a reasonable level indicative of the company's ability to utilize shareholders' equity effectively.
Notably, there was a significant decline in ROE to 5.04% by December 31, 2024, signifying a substantial reduction in the company's profitability relative to its equity. This sharp decrease may warrant further investigation into the factors impacting MYR Group Inc's performance and the utilization of its shareholders' equity.
Overall, the trend of MYR Group Inc's ROE showcases variability in profitability efficiency over the years, underscoring the importance of ongoing monitoring and analysis to assess and address any fluctuations in the company's return on equity.
Peer comparison
Dec 31, 2024