MYR Group Inc (MYRG)
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 | 30,263 | 38,353 | 49,216 | 86,766 | 90,990 | 91,521 | 88,445 | 85,856 | 83,381 | 79,500 | 84,235 | 85,770 | 85,010 | 82,468 | 76,589 | 68,755 | 58,759 | 53,384 | 46,447 | 40,269 |
| Total stockholders’ equity | US$ in thousands | 600,360 | 588,509 | 633,342 | 663,720 | 651,202 | 625,459 | 604,300 | 577,565 | 560,200 | 535,877 | 531,082 | 536,278 | 519,102 | 496,176 | 471,625 | 448,460 | 429,288 | 408,600 | 389,446 | 374,982 |
| ROE | 5.04% | 6.52% | 7.77% | 13.07% | 13.97% | 14.63% | 14.64% | 14.87% | 14.88% | 14.84% | 15.86% | 15.99% | 16.38% | 16.62% | 16.24% | 15.33% | 13.69% | 13.07% | 11.93% | 10.74% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $30,263K ÷ $600,360K
= 5.04%
MYR Group Inc's Return on Equity (ROE) has shown a generally positive trend from March 2020 to September 2023, with fluctuations in the range of 10.74% to 16.62%. The ROE peaked at 16.62% in September 2021, indicating a high level of profitability relative to shareholders' equity.
However, from December 2023 to December 2024, there was a notable decrease in ROE, dropping from 13.97% to 5.04%. This decline suggests a potential decrease in profitability relative to the shareholders' equity during this period.
Overall, MYR Group Inc's ROE experienced fluctuations over the observed period, with peaks and troughs that reflect changes in the company's profitability and efficiency in generating returns for its shareholders. Investors and analysts may want to further investigate the factors contributing to these variations in ROE to gain a better understanding of the company's financial performance.
Peer comparison
Dec 31, 2024