NV5 Global Inc (NVEE)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 27,979 | 44,613 | 49,973 | 47,147 | 21,018 |
| Total stockholders’ equity | US$ in thousands | 833,014 | 775,795 | 694,240 | 624,720 | 394,069 |
| ROE | 3.36% | 5.75% | 7.20% | 7.55% | 5.33% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $27,979K ÷ $833,014K
= 3.36%
Based on the provided data, the return on equity (ROE) of NV5 Global Inc has displayed fluctuations over the years. In 2020, the ROE stood at 5.33% and showed a slight increase to 7.55% in 2021. However, in 2022, the ROE decreased to 7.20%. Subsequently, in 2023, the ROE dropped further to 5.75%, and by the end of 2024, it declined significantly to 3.36%.
The fluctuating trend in ROE indicates varying levels of profitability achieved by NV5 Global Inc in utilizing shareholders' equity to generate earnings. A decreasing ROE could suggest challenges in efficiently generating profits from the company's assets, which may require further analysis to identify the underlying issues impacting the company's financial performance.
Peer comparison
Dec 31, 2024