Return on Equity (ROE)
since 2005
Calculation
Autodesk Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss)1 | ÷ | Stockholders’ equity (deficit)1 | |
|---|---|---|---|---|---|---|---|
| Jan 31, 2024 | 48.84% | = | 100 | × | 906) | ÷ | 1,855) |
| Jan 31, 2023 | 71.88% | = | 100 | × | 823) | ÷ | 1,145) |
| Jan 31, 2022 | 58.53% | = | 100 | × | 497) | ÷ | 849) |
| Jan 31, 2021 | 125.14% | = | 100 | × | 1,208) | ÷ | 966) |
| Jan 31, 2020 | — | = | 100 | × | 215) | ÷ | (139) |
| Jan 31, 2019 | — | = | 100 | × | (81) | ÷ | (211) |
| Jan 31, 2018 | — | = | 100 | × | (567) | ÷ | (256) |
| Jan 31, 2017 | -79.35% | = | 100 | × | (582) | ÷ | 734) |
| Jan 31, 2016 | -20.41% | = | 100 | × | (331) | ÷ | 1,620) |
| Jan 31, 2015 | 3.69% | = | 100 | × | 82) | ÷ | 2,219) |
| Jan 31, 2014 | 10.12% | = | 100 | × | 229) | ÷ | 2,262) |
| Jan 31, 2013 | 12.11% | = | 100 | × | 247) | ÷ | 2,043) |
| Jan 31, 2012 | 15.15% | = | 100 | × | 285) | ÷ | 1,883) |
| Jan 31, 2011 | 13.17% | = | 100 | × | 212) | ÷ | 1,609) |
| Jan 31, 2010 | 3.94% | = | 100 | × | 58) | ÷ | 1,474) |
| Jan 31, 2009 | 14.01% | = | 100 | × | 184) | ÷ | 1,311) |
| Jan 31, 2008 | 28.95% | = | 100 | × | 356) | ÷ | 1,231) |
| Jan 31, 2007 | 25.98% | = | 100 | × | 290) | ÷ | 1,115) |
| Jan 31, 2006 | 41.56% | = | 100 | × | 329) | ÷ | 791) |
| Jan 31, 2005 | 34.18% | = | 100 | × | 222) | ÷ | 648) |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).
1 US$ in millions
The Return on Equity (ROE) trajectory is characterized by three distinct phases: a period of moderate stability and gradual decline from 2005 to 2015, a phase of severe volatility and negative returns between 2016 and 2019, and a period of aggressive recovery and high profitability from 2020 to 2024.
- Net Income Performance
- Net income remained positive and relatively stable between 2005 and 2015, although it experienced a notable dip in 2010. A significant downturn occurred between 2016 and 2019, with the most severe losses recorded in 2017 and 2018, where net losses exceeded 500 million US dollars annually. A sharp reversal followed in 2021, with net income peaking at 1.208 billion US dollars, before stabilizing at high levels exceeding 800 million US dollars through 2024.
- Stockholders' Equity Evolution
- Equity grew steadily from 2005, peaking at 2.262 billion US dollars in 2014. This was followed by a precipitous decline that led to a stockholders' deficit starting in 2018, with the lowest point reaching negative 256 million US dollars. This deficit persisted through 2020 before a strong recovery saw equity rise to 1.855 billion US dollars by 2024, indicating a substantial rebuilding of the company's capital base.
- Return on Equity (ROE) Analysis
- ROE began at a strong 34.18% in 2005 but trended downward to 3.69% by 2015. The period of net losses coincided with a collapse in ROE, reaching a low of negative 79.35% in 2017. The subsequent recovery phase produced an exceptional ROE spike to 125.14% in 2021, likely amplified by the small equity base remaining after the deficit period. While ROE has since moderated, it remains elevated, ending at 48.84% in 2024, reflecting a high efficiency in generating profit from shareholders' capital.
The correlation between the plummeting equity levels and the subsequent surge in ROE suggests that the company underwent a significant structural financial transition. The transition from a deficit in stockholders' equity to high net income margins has resulted in a significantly higher ROE in the most recent five-year period compared to the initial decade of the analysis.
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Comparison to Competitors
Autodesk Inc., ROE, long-term trends, comparison to competitors
| Autodesk Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 31, 2024 | 48.84% | 25.68% | 39.42% | 144.96% | 22.58% | 6.77% | 22.06% | 16.07% | 32.83% | 120.26% | 9.24% | 49.86% | 6.93% | 14.83% | 25.17% | 17.09% |
| Jan 31, 2023 | 71.88% | 26.75% | 32.86% | 28.39% | 30.58% | 2.40% | 33.29% | 13.81% | 35.09% | 792.45% | 6.04% | 25.15% | 0.36% | 22.69% | 20.01% | -6.57% |
| Jan 31, 2022 | 58.53% | 31.11% | 33.85% | -10.13% | 30.93% | -3.56% | 7.47% | 12.57% | 43.68% | — | -14.57% | -127.14% | 2.48% | 6.46% | 17.85% | 0.65% |
| Jan 31, 2021 | 125.14% | 30.25% | 32.59% | 1.66% | 25.39% | -1.99% | 30.38% | 20.89% | 43.15% | 262.43% | -22.71% | -78.63% | 9.81% | 6.22% | 14.31% | -8.62% |
| Jan 31, 2020 | — | 30.05% | 39.66% | — | 23.69% | -2.56% | 27.14% | 35.76% | 37.43% | 83.94% | -76.61% | -24.23% | 0.37% | 4.18% | 13.54% | -19.33% |
| Jan 31, 2019 | — | 33.17% | 28.03% | — | 47.03% | -2.14% | 45.25% | 41.53% | 38.35% | 50.87% | — | -5.16% | 7.11% | 29.45% | 13.04% | -21.36% |
| Jan 31, 2018 | — | 39.17% | 27.67% | — | 26.84% | — | 51.96% | 51.44% | 20.03% | 8.37% | — | -15.30% | 1.36% | -2.40% | 12.43% | -20.33% |
| Jan 31, 2017 | -79.35% | 38.50% | 20.02% | — | 20.63% | — | 32.70% | 71.71% | 29.29% | 17.33% | — | -28.52% | 2.40% | -25.53% | 4.17% | -35.11% |
| Jan 31, 2016 | -20.41% | 54.42% | 15.74% | — | 27.38% | — | 65.07% | 84.32% | 23.33% | 18.82% | — | -28.60% | -0.95% | -116.76% | 8.35% | -25.52% |
| Jan 31, 2015 | 3.69% | 49.78% | 8.99% | — | 18.34% | — | 92.48% | 15.65% | 15.23% | 20.42% | — | -33.81% | -6.61% | -35.01% | 7.21% | -22.02% |
| Jan 31, 2014 | 10.12% | 51.32% | 3.96% | — | 11.92% | — | 101.30% | 29.47% | 24.59% | 23.37% | — | -48.33% | -7.64% | -41.85% | 8.48% | -14.53% |
| Jan 31, 2013 | 12.11% | 66.16% | 4.31% | — | 14.21% | — | 72.32% | 24.30% | 27.69% | 24.47% | — | -10.74% | -11.67% | -18.70% | 8.89% | -20.12% |
| Jan 31, 2012 | 15.15% | 61.59% | 12.49% | — | 48.07% | — | 88.04% | 28.86% | 25.58% | 22.85% | — | 0.32% | -0.73% | -15.34% | 7.29% | — |
| Jan 31, 2011 | 13.17% | 58.72% | 14.40% | — | 17.57% | — | 78.73% | 24.24% | 40.55% | 21.49% | — | — | 5.05% | — | 10.53% | — |
| Jan 31, 2010 | 3.94% | 62.79% | 14.92% | — | 45.74% | — | 64.36% | 20.35% | 40.63% | 19.92% | — | — | 7.73% | — | 11.29% | — |
| Jan 31, 2009 | 14.01% | 55.08% | 7.90% | — | -138.29% | — | 59.31% | 17.49% | 36.83% | 22.29% | — | — | 6.46% | — | 9.09% | — |
| Jan 31, 2008 | 28.95% | 66.59% | 19.77% | — | -1,818.25% | — | 91.60% | 23.00% | 48.73% | 23.98% | — | — | 4.06% | — | 12.43% | — |
| Jan 31, 2007 | 25.98% | 60.25% | 15.57% | — | 14.24% | — | 36.59% | 21.62% | 45.23% | 25.26% | — | — | 0.17% | — | 9.08% | — |
| Jan 31, 2006 | 41.56% | 51.38% | 9.82% | — | 8.39% | — | 33.30% | 23.99% | 31.42% | 22.52% | — | — | 14.50% | — | 2.13% | — |
| Jan 31, 2005 | 34.18% | 55.42% | 32.34% | — | 2.67% | — | 23.97% | 22.51% | 25.47% | 26.63% | — | — | 5.06% | — | -1.27% | — |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).
Comparison to Sector (Software & Services)
Autodesk Inc., ROE, long-term trends, comparison to sector (software & services)
| Autodesk Inc. | Software & Services | |
|---|---|---|
| Jan 31, 2024 | 48.84% | 28.81% |
| Jan 31, 2023 | 71.88% | 28.49% |
| Jan 31, 2022 | 58.53% | 30.78% |
| Jan 31, 2021 | 125.14% | 35.91% |
| Jan 31, 2020 | — | 30.34% |
| Jan 31, 2019 | — | 35.56% |
| Jan 31, 2018 | — | 20.20% |
| Jan 31, 2017 | -79.35% | 23.83% |
| Jan 31, 2016 | -20.41% | 26.25% |
| Jan 31, 2015 | 3.69% | 23.04% |
| Jan 31, 2014 | 10.12% | 28.09% |
| Jan 31, 2013 | 12.11% | 31.71% |
| Jan 31, 2012 | 15.15% | 32.66% |
| Jan 31, 2011 | 13.17% | 38.82% |
| Jan 31, 2010 | 3.94% | 37.89% |
| Jan 31, 2009 | 14.01% | 35.98% |
| Jan 31, 2008 | 28.95% | 44.03% |
| Jan 31, 2007 | 25.98% | 35.48% |
| Jan 31, 2006 | 41.56% | 28.87% |
| Jan 31, 2005 | 34.18% | 24.91% |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).
Comparison to Industry (Information Technology)
Autodesk Inc., ROE, long-term trends, comparison to industry (information technology)
| Autodesk Inc. | Information Technology | |
|---|---|---|
| Jan 31, 2024 | 48.84% | 28.82% |
| Jan 31, 2023 | 71.88% | 31.26% |
| Jan 31, 2022 | 58.53% | 38.03% |
| Jan 31, 2021 | 125.14% | 41.64% |
| Jan 31, 2020 | — | 35.38% |
| Jan 31, 2019 | — | 35.94% |
| Jan 31, 2018 | — | 30.23% |
| Jan 31, 2017 | -79.35% | 23.19% |
| Jan 31, 2016 | -20.41% | 23.00% |
| Jan 31, 2015 | 3.69% | 25.97% |
| Jan 31, 2014 | 10.12% | 25.43% |
| Jan 31, 2013 | 12.11% | 24.73% |
| Jan 31, 2012 | 15.15% | 26.09% |
| Jan 31, 2011 | 13.17% | 29.03% |
| Jan 31, 2010 | 3.94% | 27.62% |
| Jan 31, 2009 | 14.01% | 20.05% |
| Jan 31, 2008 | 28.95% | 25.24% |
| Jan 31, 2007 | 25.98% | 23.67% |
| Jan 31, 2006 | 41.56% | 22.58% |
| Jan 31, 2005 | 34.18% | 21.92% |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).