Sysco Corporation (SYY)
Return on equity (ROE)
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,828,000 | 1,908,678 | 1,932,366 | 1,941,608 | 1,955,000 | 2,077,058 | 2,081,974 | 1,807,948 | 1,770,124 | 1,546,377 | 1,420,098 | 1,446,323 | 1,358,768 | 999,872 | 785,474 | 685,322 | 524,209 | -245,303 | -337,527 | -21,406 |
| Total stockholders’ equity | US$ in thousands | 1,830,000 | 1,922,000 | 2,014,000 | 2,207,000 | 1,860,000 | 2,100,950 | 2,404,030 | 2,125,800 | 2,008,620 | 1,575,300 | 1,436,590 | 1,115,340 | 1,382,260 | 1,321,410 | 1,221,070 | 1,673,290 | 1,552,900 | 1,395,600 | 1,426,800 | 1,300,010 |
| ROE | 99.89% | 99.31% | 95.95% | 87.97% | 105.11% | 98.86% | 86.60% | 85.05% | 88.13% | 98.16% | 98.85% | 129.68% | 98.30% | 75.67% | 64.33% | 40.96% | 33.76% | -17.58% | -23.66% | -1.65% |
June 30, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,828,000K ÷ $1,830,000K
= 99.89%
The analysis of Sysco Corporation's return on equity (ROE) over the observed period reveals substantial variability, illustrating a significant improvement in profitability relative to shareholders’ equity commencing in late 2020. Early in the period, specifically on September 30, 2020, the ROE was recorded at a negative -1.65%, indicating that the company was experiencing losses relative to shareholders’ equity during that quarter. This negative trend intensified by December 31, 2020, reaching -23.66%, suggesting a period of substantial losses and potentially challenging operational or market conditions.
Subsequently, the ROE showed a marked recovery starting in the first quarter of 2021, with September 30, 2021, exhibiting a positive ROE of 40.96%. This dramatic turnaround signals significant improvements in operational efficiency, profitability, or both. The year 2021 evidenced consistent positive growth in ROE, culminating at 64.33% at December 31, 2021, and further escalating to 75.67% by March 31, 2022, and reaching 98.30% by June 30, 2022. These elevated values suggest strong profitability and effective use of shareholders’ equity during this period.
From late 2022 through early 2023, the ROE remained robust, peaking at 129.68% on September 30, 2022, before moderating slightly to 98.85% by December 2022 and remaining relatively stable through March and June 2023 at approximately 98%. During this timeframe, the high ROE values indicate exceptionally efficient profit generation relative to equity, possibly driven by favorable market conditions, strategic initiatives, or operational leverage.
In subsequent quarters, the ROE experienced minor fluctuations, with September 30, 2023, at 85.05%, and a slight increase approaching 86.60% by December 31, 2023. Early 2024 data show an uptick, with March 31, 2024, reaching 98.86%, and June 30, 2024, exceeding 105%, indicating periods of exceptional profitability. Through the first half of 2025, the ROE continued to trend higher, approaching nearly 100% (99.31% on March 31, 2025, and 99.89% on June 30, 2025%).
Overall, the long-term trend demonstrates a substantial recovery from negative returns in late 2020 to consistently high, positive ROE levels in subsequent periods. This suggests that Sysco has effectively restored and enhanced its profitability and utilization of shareholders’ equity, reflecting strong operational performance, strategic success, and potentially favorable market dynamics during this timeframe.
Peer comparison
Jun 30, 2025