Pursuit Attractions and Hospitality, Inc. (PRSU)

Return on equity (ROE)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	368,544	16,017	23,220	-92,655	-374,094
Total stockholders’ equity	US$ in thousands	525,825	43,433	14,530	6,282	95,955
ROE		70.09%	36.88%	159.81%	-1,474.93%	-389.86%

December 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $368,544K ÷ $525,825K
= 70.09%

The return on equity (ROE) for Pursuit Attractions and Hospitality, Inc. demonstrates substantial fluctuations over the specified period. As of December 31, 2020, the company exhibited a significantly negative ROE of -389.86%, indicating that the company was incurring substantial losses relative to its shareholders' equity at that point. This negative trend persisted into December 31, 2021, with an even more pronounced negative ROE of -1,474.93%, suggesting a period of severe financial distress or operational challenges, resulting in extraordinary losses or impairment charges that severely impacted shareholders' equity.

A notable turnaround occurred by December 31, 2022, when the ROE shifted to a positive value of 159.81%. This transition indicates a significant improvement in the company's ability to generate profit relative to shareholders' equity, potentially reflecting operational recovery, cost control measures, or improved revenue generation. The positive but modest ROE of 36.88% at December 31, 2023, suggests further stabilization and profitability growth, though it remains below historical industry benchmarks for strong operational performance.

By December 31, 2024, the ROE increased again to 70.09%, indicating continued strengthening of the company's profitability and efficient use of shareholders' equity. Overall, the company's ROE trend from deeply negative figures to positive territory and eventual improvement suggests a substantial recovery phase following a period of significant financial distress. The data reflect a trajectory from losses towards profitability, highlighting operational and strategic changes that improved shareholder returns over the analyzed period.