Intel Corp. (NASDAQ:INTC)

Return on Assets (ROA)

The Return on Assets exhibits a fluctuating trend over the observed periods. Starting from a peak level above 13% in early 2020 and extending through mid-2022, ROA shows moderate stability with values ranging between approximately 7.6% and nearly 14%. However, beginning in late 2022, a clear downward trajectory is evident, with ROA declining sharply into negative territory by early 2023. This negative trend persists through 2024 and into mid-2025, reaching lows near -10.65%. This indicates a significant deterioration in asset profitability in the most recent intervals.

Financial Leverage

The financial leverage ratio remains relatively stable throughout the entire period. While minor fluctuations occur, values stay consistently close to the range between 1.68 and 1.98. There is no distinct upward or downward trend in leverage, suggesting that the company has maintained a relatively constant use of debt financing relative to equity across the periods analyzed.

Return on Equity (ROE)

Return on Equity parallels the pattern observed in ROA but with higher volatility in magnitude. Initially, during 2020 through mid-2022, ROE maintains strong positive levels generally between approximately 18% and 26%, reflecting solid returns to shareholders. However, from late 2022 onward, ROE declines sharply, turning negative by early 2023 and continuing to deteriorate through mid-2025, reaching approximately -20.95%. This sustained negative ROE indicates substantial challenges in delivering shareholder value during the most recent periods.

The financial indicators exhibit distinct trends over the observed periods, reflecting significant shifts in performance metrics.

Net Profit Margin (%)

The net profit margin shows a high level initially, peaking around the mid-period with values near or above 25%, reaching a maximum of 31.68%. However, starting from early 2023, there is a marked decline, crossing into negative territory by the first quarter of 2023 and continuing to deteriorate through late 2024 and mid-2025, where margins fall sharply below -30%, indicating profitability challenges.

Asset Turnover (ratio)

The asset turnover ratio demonstrates a gradual declining trend from approximately 0.51 in early 2021 to about 0.28 by mid-2025. This steady decrease suggests diminishing efficiency in asset utilization to generate revenues over time.

Financial Leverage (ratio)

Financial leverage remains relatively stable, fluctuating modestly around the range of 1.7 to 2.0 throughout the timeline. There is no pronounced upward or downward trend, indicating that the company's capital structure and use of debt relative to equity have been consistent.

Return on Equity (ROE) (%)

The return on equity follows a trajectory similar to the net profit margin. Initially strong, with values exceeding 20% in early 2021, it progressively declines, turning negative by 2023. The downward trend continues with significant negative returns posted in late 2024 and 2025, reaching lows near -20%, reflecting a weakening ability to generate profits from shareholders' equity.

Overall, the data indicates a period of strong profitability and efficient asset use initially, followed by significant deterioration from 2023 onwards. Profit margins and returns on equity have moved into substantial negative figures, while asset turnover steadily declines. Financial leverage remains stable, suggesting that the deterioration in profitability is not linked to increased financial risk but rather operational and market challenges. This trend signals a need for strategic review to address the underlying causes of declining profitability and asset efficiency.

Net Profit Margin

The net profit margin showed a strong positive trend starting in March 2021, reaching a peak around 31.68% in April 2022. From that point, a significant decline occurred, with margins dropping sharply into negative territory by the first quarter of 2023. The margin reached its lowest levels between the fourth quarter of 2024 and the second quarter of 2025, with values declining below -35%, indicating sustained losses.

Asset Turnover

Asset turnover exhibited a steady downward trend over the observed periods. Beginning at about 0.51 in March 2021, the ratio gradually decreased to approximately 0.28 by mid-2025. This reflects a diminishing efficiency in utilizing assets to generate revenue over time, with small fluctuations but an overall decline.

Return on Assets (ROA)

The return on assets mirrored the pattern seen in net profit margin, with positive returns in early periods, peaking at nearly 14% in April 2022. Subsequently, ROA decreased steadily into negative values by early 2023, with losses intensifying through 2024 and into 2025. The negative ROA during the latter periods suggests that the company is not generating adequate returns on its asset base and is incurring significant inefficiencies or losses.