Return on Equity (ROE)
since 2005
Calculation
Illumina Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss) attributable to Illumina stockholders1 | ÷ | Illumina stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2020 | 13.98% | = | 100 | × | 656) | ÷ | 4,694) |
| Dec 29, 2019 | 21.72% | = | 100 | × | 1,002) | ÷ | 4,613) |
| Dec 30, 2018 | 21.98% | = | 100 | × | 826) | ÷ | 3,758) |
| Dec 31, 2017 | 26.41% | = | 100 | × | 726) | ÷ | 2,749) |
| Jan 1, 2017 | 21.06% | = | 100 | × | 463) | ÷ | 2,197) |
| Jan 3, 2016 | 24.97% | = | 100 | × | 462) | ÷ | 1,849) |
| Dec 28, 2014 | 24.16% | = | 100 | × | 353) | ÷ | 1,463) |
| Dec 29, 2013 | 8.17% | = | 100 | × | 125) | ÷ | 1,533) |
| Dec 30, 2012 | 11.47% | = | 100 | × | 151) | ÷ | 1,319) |
| Jan 1, 2012 | 8.06% | = | 100 | × | 87) | ÷ | 1,075) |
| Jan 2, 2011 | 10.43% | = | 100 | × | 125) | ÷ | 1,198) |
| Jan 3, 2010 | 8.36% | = | 100 | × | 72) | ÷ | 864) |
| Dec 28, 2008 | 5.95% | = | 100 | × | 50) | ÷ | 849) |
| Dec 30, 2007 | -67.62% | = | 100 | × | (278) | ÷ | 412) |
| Dec 31, 2006 | 16.16% | = | 100 | × | 40) | ÷ | 247) |
| Jan 1, 2006 | -28.79% | = | 100 | × | (21) | ÷ | 72) |
Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-29), 10-K (reporting date: 2018-12-30), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2017-01-01), 10-K (reporting date: 2016-01-03), 10-K (reporting date: 2014-12-28), 10-K (reporting date: 2013-12-29), 10-K (reporting date: 2012-12-30), 10-K (reporting date: 2012-01-01), 10-K (reporting date: 2011-01-02), 10-K (reporting date: 2010-01-03), 10-K (reporting date: 2008-12-28), 10-K (reporting date: 2007-12-30), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2006-01-01).
1 US$ in millions
The financial performance from 2006 to 2020 is characterized by an initial period of high volatility followed by a sustained phase of growth and a subsequent normalization in profitability metrics.
- Net Income Trajectory
- Earnings exhibited significant instability between 2006 and 2007, with a notable loss of 278 million USD in 2007. However, from 2008 onward, net income remained consistently positive, entering a long-term growth trend. Profitability accelerated sharply after 2013, climbing from 125 million USD to a peak of 1,002 million USD in 2019, before experiencing a contraction to 656 million USD in 2020.
- Equity Growth
- Stockholders' equity demonstrated a consistent and aggressive upward trend throughout the entire period. Starting at 72 million USD in 2006, the equity base expanded steadily to 4,694 million USD by 2020. This represents a significant accumulation of capital and a strengthening of the balance sheet over fifteen years.
- Return on Equity (ROE) Analysis
- ROE mirrored the volatility of net income in the early years, fluctuating between -67.62% in 2007 and 16.16% in 2006. A period of relative stability followed between 2008 and 2013, with ROE ranging between 5.95% and 11.47%. A significant step-up in capital efficiency occurred in 2014, where ROE jumped to 24.16% and remained elevated, peaking at 26.41% in 2017. This high-efficiency phase persisted until 2019, after which ROE declined to 13.98% in 2020, coinciding with the decrease in net income.
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Comparison to Competitors
Illumina Inc., ROE, long-term trends, comparison to competitors
| Illumina Inc. | AbbVie Inc. | Amgen Inc. | Bristol-Myers Squibb Co. | Danaher Corp. | Eli Lilly & Co. | Gilead Sciences Inc. | Johnson & Johnson | Merck & Co. Inc. | Pfizer Inc. | Regeneron Pharmaceuticals Inc. | Thermo Fisher Scientific Inc. | Vertex Pharmaceuticals Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2020 | 13.98% | 35.30% | 77.20% | -23.84% | 9.17% | 109.79% | 0.68% | 23.25% | 27.91% | 15.21% | 31.86% | 18.47% | 31.22% |
| Dec 29, 2019 | 21.72% | — | 81.07% | 6.66% | 9.94% | 319.09% | 23.91% | 25.42% | 37.99% | 25.77% | 19.08% | 12.45% | 19.34% |
| Dec 30, 2018 | 21.98% | — | 67.15% | 35.07% | 9.40% | 32.88% | 25.51% | 25.60% | 23.30% | 17.59% | 27.91% | 10.65% | 47.28% |
| Dec 31, 2017 | 26.41% | 104.16% | 7.84% | 8.58% | 9.45% | -1.76% | 22.64% | 2.16% | 6.97% | 29.47% | 19.51% | 8.76% | 12.99% |
| Jan 1, 2017 | 21.06% | 128.41% | 25.85% | 27.55% | 11.10% | 19.54% | 71.48% | 23.49% | 9.78% | 12.12% | 20.13% | 9.39% | -9.69% |
| Jan 3, 2016 | 24.97% | 130.39% | 24.71% | 10.97% | 14.17% | 16.53% | 97.70% | 21.66% | 9.94% | 10.75% | 17.40% | 9.25% | -59.19% |
| Dec 28, 2014 | 24.16% | 101.84% | 20.01% | 13.49% | 11.11% | 15.55% | 78.45% | 23.40% | 24.50% | 12.81% | 13.69% | 9.22% | -68.70% |
| Dec 29, 2013 | 8.17% | 91.90% | 23.00% | 16.91% | 12.04% | 26.57% | 27.05% | 18.68% | 8.85% | 28.83% | 21.74% | 7.55% | -32.81% |
| Dec 30, 2012 | 11.47% | 156.85% | 22.80% | 14.39% | 12.58% | 27.69% | 27.84% | 16.74% | 11.63% | 17.93% | 60.24% | 7.62% | -10.71% |
| Jan 1, 2012 | 8.06% | — | 19.35% | 23.25% | 12.85% | 32.11% | 41.60% | 16.94% | 11.50% | 12.18% | -45.65% | 8.84% | 3.76% |
| Jan 2, 2011 | 10.43% | — | 19.32% | 19.74% | 13.08% | 40.82% | 49.48% | 23.57% | 1.58% | 9.40% | -19.79% | 6.74% | -149.74% |
| Jan 3, 2010 | 8.36% | — | 20.32% | 71.49% | 9.90% | 45.45% | 41.40% | 24.25% | 21.85% | 9.59% | -17.10% | 5.51% | -58.57% |
| Dec 28, 2008 | 5.95% | — | 20.58% | 42.86% | 13.43% | -30.76% | 48.43% | 30.46% | 41.63% | 14.08% | -19.75% | 6.66% | -192.51% |
| Dec 30, 2007 | -67.62% | — | 17.72% | 20.50% | 15.08% | 21.61% | 46.69% | 24.41% | 18.01% | 12.53% | -22.94% | 5.25% | -144.23% |
| Dec 31, 2006 | 16.16% | — | 15.56% | 15.86% | 16.89% | 24.25% | -65.54% | 28.11% | 25.25% | 27.10% | -47.24% | 1.21% | -40.89% |
| Jan 1, 2006 | -28.79% | — | 17.96% | 26.77% | 17.67% | 18.34% | 26.88% | 27.49% | 25.85% | 12.32% | -83.72% | 7.99% | -85.05% |
Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-29), 10-K (reporting date: 2018-12-30), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2017-01-01), 10-K (reporting date: 2016-01-03), 10-K (reporting date: 2014-12-28), 10-K (reporting date: 2013-12-29), 10-K (reporting date: 2012-12-30), 10-K (reporting date: 2012-01-01), 10-K (reporting date: 2011-01-02), 10-K (reporting date: 2010-01-03), 10-K (reporting date: 2008-12-28), 10-K (reporting date: 2007-12-30), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2006-01-01).
Comparison to Sector (Pharmaceuticals, Biotechnology & Life Sciences)
Illumina Inc., ROE, long-term trends, comparison to sector (pharmaceuticals, biotechnology & life sciences)
| Illumina Inc. | Pharmaceuticals, Biotechnology & Life Sciences | |
|---|---|---|
| Dec 31, 2020 | 13.98% | 17.22% |
| Dec 29, 2019 | 21.72% | 27.68% |
| Dec 30, 2018 | 21.98% | 26.29% |
| Dec 31, 2017 | 26.41% | 14.59% |
| Jan 1, 2017 | 21.06% | 22.19% |
| Jan 3, 2016 | 24.97% | 21.44% |
| Dec 28, 2014 | 24.16% | 20.91% |
| Dec 29, 2013 | 8.17% | 20.33% |
| Dec 30, 2012 | 11.47% | 18.27% |
| Jan 1, 2012 | 8.06% | 15.52% |
| Jan 2, 2011 | 10.43% | 13.99% |
| Jan 3, 2010 | 8.36% | 20.34% |
| Dec 28, 2008 | 5.95% | 21.31% |
| Dec 30, 2007 | -67.62% | 17.07% |
| Dec 31, 2006 | 16.16% | 21.86% |
| Jan 1, 2006 | -28.79% | 19.08% |
Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-29), 10-K (reporting date: 2018-12-30), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2017-01-01), 10-K (reporting date: 2016-01-03), 10-K (reporting date: 2014-12-28), 10-K (reporting date: 2013-12-29), 10-K (reporting date: 2012-12-30), 10-K (reporting date: 2012-01-01), 10-K (reporting date: 2011-01-02), 10-K (reporting date: 2010-01-03), 10-K (reporting date: 2008-12-28), 10-K (reporting date: 2007-12-30), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2006-01-01).
Comparison to Industry (Health Care)
Illumina Inc., ROE, long-term trends, comparison to industry (health care)
| Illumina Inc. | Health Care | |
|---|---|---|
| Dec 31, 2020 | 13.98% | 16.70% |
| Dec 29, 2019 | 21.72% | 23.30% |
| Dec 30, 2018 | 21.98% | 21.27% |
| Dec 31, 2017 | 26.41% | 13.77% |
| Jan 1, 2017 | 21.06% | 18.53% |
| Jan 3, 2016 | 24.97% | 18.52% |
| Dec 28, 2014 | 24.16% | 19.17% |
| Dec 29, 2013 | 8.17% | 18.81% |
| Dec 30, 2012 | 11.47% | 18.20% |
| Jan 1, 2012 | 8.06% | 15.90% |
| Jan 2, 2011 | 10.43% | 14.85% |
| Jan 3, 2010 | 8.36% | 20.14% |
| Dec 28, 2008 | 5.95% | 20.29% |
| Dec 30, 2007 | -67.62% | 17.87% |
| Dec 31, 2006 | 16.16% | 20.49% |
| Jan 1, 2006 | -28.79% | 18.28% |
Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-29), 10-K (reporting date: 2018-12-30), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2017-01-01), 10-K (reporting date: 2016-01-03), 10-K (reporting date: 2014-12-28), 10-K (reporting date: 2013-12-29), 10-K (reporting date: 2012-12-30), 10-K (reporting date: 2012-01-01), 10-K (reporting date: 2011-01-02), 10-K (reporting date: 2010-01-03), 10-K (reporting date: 2008-12-28), 10-K (reporting date: 2007-12-30), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2006-01-01).