SPX Corp (SPXC)
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 | 200,500 | 174,900 | 104,300 | 96,100 | 89,900 | 33,600 | 66,500 | 49,600 | 18,200 | 49,000 | 366,800 | 409,600 | 425,000 | 443,600 | 136,100 | 101,300 | 97,200 | 103,600 | 102,300 | 94,400 |
| Total stockholders’ equity | US$ in thousands | 1,384,400 | 1,358,200 | 1,283,800 | 1,237,500 | 1,194,600 | 1,146,900 | 1,172,600 | 1,126,100 | 1,079,200 | 1,079,700 | 1,088,600 | 1,115,800 | 1,102,900 | 1,060,300 | 728,200 | 660,800 | 629,200 | 583,100 | 552,100 | 515,100 |
| ROE | 14.48% | 12.88% | 8.12% | 7.77% | 7.53% | 2.93% | 5.67% | 4.40% | 1.69% | 4.54% | 33.69% | 36.71% | 38.53% | 41.84% | 18.69% | 15.33% | 15.45% | 17.77% | 18.53% | 18.33% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $200,500K ÷ $1,384,400K
= 14.48%
SPX Corp's return on equity (ROE) has exhibited fluctuations over the analyzed period. The company started with ROE in the range of 15%-18% in 2020 and early 2021, showing a relatively stable performance. However, a significant leap in ROE was observed in the third quarter of 2021, reaching 41.84%, and remaining at elevated levels for the subsequent quarter at 38.53%.
Subsequently, ROE began to decline notably from the first quarter of 2022 through the third quarter of 2023, reaching a low of 2.93% in September 2023. This downward trend was a cause for concern regarding the company's profitability and efficiency in generating returns for its shareholders.
However, there was a slight recovery in ROE in the fourth quarter of 2023 and throughout 2024, with ROE increasing to 14.48% by the end of December 2024. This improvement suggests that SPX Corp may have taken steps to enhance its profitability and operational efficiency.
Overall, the analysis highlights the importance of monitoring SPX Corp's ROE trends to assess its ability to generate profits from shareholders' equity efficiently and create shareholder value over time.
Peer comparison
Dec 31, 2024