NV5 Global Inc (NVEE)
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 | 27,978 | 32,486 | 31,568 | 39,074 | 44,613 | 42,676 | 45,423 | 47,278 | 49,973 | 57,428 | 53,938 | 50,308 | 47,146 | 36,265 | 31,446 | 22,311 | 21,019 | 20,020 | 18,109 | 22,400 |
| Total stockholders’ equity | US$ in thousands | 833,014 | 823,001 | 802,599 | 783,280 | 775,795 | 759,917 | 741,148 | 719,870 | 694,240 | 682,357 | 660,943 | 639,503 | 624,720 | 604,122 | 585,986 | 547,189 | 394,069 | 384,565 | 372,370 | 364,366 |
| ROE | 3.36% | 3.95% | 3.93% | 4.99% | 5.75% | 5.62% | 6.13% | 6.57% | 7.20% | 8.42% | 8.16% | 7.87% | 7.55% | 6.00% | 5.37% | 4.08% | 5.33% | 5.21% | 4.86% | 6.15% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $27,978K ÷ $833,014K
= 3.36%
The return on equity (ROE) of NV5 Global Inc has shown fluctuating trends over the periods examined, ranging from a low of 3.36% as of December 31, 2024, to a high of 8.42% as of September 30, 2022. Notably, the ROE peaked in the second half of 2022 before experiencing a gradual decline in the later periods. This suggests that during the earlier periods, the company was generating higher profits relative to its shareholders' equity.
It is important to note that a declining trend in ROE could indicate that the company's profitability is decreasing compared to its equity base, possibly due to various factors such as increased expenses, declining revenues, or inefficient management of assets. Conversely, an increasing trend in ROE reflects improved profitability efficiency in generating returns for the shareholders.
Overall, a holistic analysis of NV5 Global Inc's ROE performance over the periods reveals the importance of monitoring and evaluating the company's financial health and operational efficiency, as ROE serves as a key metric for assessing the profitability and effectiveness of the company in utilizing its equity to generate earnings for its shareholders.
Peer comparison
Dec 31, 2024