SPX Corp (SPXC)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 200,500 | 89,900 | 19,800 | 59,000 | 99,000 |
| Total stockholders’ equity | US$ in thousands | 1,384,400 | 1,194,600 | 1,079,200 | 1,102,900 | 629,200 |
| ROE | 14.48% | 7.53% | 1.83% | 5.35% | 15.73% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $200,500K ÷ $1,384,400K
= 14.48%
SPX Corp's return on equity (ROE) has shown fluctuations over the past five years. As of December 31, 2020, the company's ROE stood at 15.73%, indicating strong profitability relative to shareholders' equity. However, there was a significant decrease in ROE to 5.35% by December 31, 2021, suggesting a decline in the company's ability to generate profits from its equity.
By the end of December 31, 2022, SPX Corp's ROE further decreased to 1.83%, signaling a continued struggle in efficiently utilizing shareholder funds to generate returns. The year 2023 witnessed a slight improvement in ROE to 7.53%, indicating some progress in profitability performance.
Notably, SPX Corp's ROE rebounded to 14.48% by December 31, 2024, showing a significant recovery in profitability and efficiency in utilizing equity to generate returns. Overall, the fluctuating trend in ROE highlights the company's varying performance in utilizing equity capital to generate profits for its shareholders over the years.
Peer comparison
Dec 31, 2024