Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Income Statement
- Analysis of Liquidity Ratios
- Analysis of Reportable Segments
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Aggregate Accruals
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Profitability Ratios (Summary)
Linde plc, profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Gross Profit Margin
- The gross profit margin displayed a generally increasing trend from the first recorded quarter in March 2021 through June 2025. Starting at 43.53% in March 2021, it experienced some fluctuations with a gradual decline reaching a low of 40.91% in December 2021. After this dip, the margin showed a steady increase, peaking at 48.45% in June 2025. This indicates an improvement in cost management or pricing power over the recent periods.
- Operating Profit Margin
- The operating profit margin demonstrated a clear upward trajectory across the periods analyzed. Beginning at 12.19% in March 2021, it progressed with small fluctuations and spikes, achieving a significant increase to 26.75% by June 2025. This trend suggests growing operational efficiency and potentially better control over operating expenses relative to revenue.
- Net Profit Margin
- The net profit margin also followed an increasing trend over the period. Starting at 9.18% in March 2021, it rose consistently with some minor volatility, reaching 20.20% by June 2025. This more than doubling of the margin reflects enhanced profitability after all expenses, taxes, and interest, indicating stronger bottom-line performance and possibly improved tax management or financial structuring.
- Return on Equity (ROE)
- The ROE showed steady growth from 5.29% in March 2021 to a high of 17.43% by June 2025. This ascending pattern points to increasingly effective use of shareholder equity to generate profits, reflecting solid improvements in overall equity profitability and financial leverage.
- Return on Assets (ROA)
- ROA exhibited a consistent upward trend over the periods, beginning at 2.83% in March 2021 and rising to levels close to 8% or above in recent quarters, with a peak near 8.19% in September 2024. This indicates more efficient asset utilization in generating net income, although the rise is less steep compared to profit margins and ROE, possibly reflecting stable asset base growth alongside profitability gains.
Return on Sales
Return on Investment
Gross Profit Margin
Linde plc, gross profit margin calculation (quarterly data)
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Gross margin | |||||||||||||||||||||||||||||
| Sales | |||||||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| Gross profit margin1 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | |||||||||||||||||||||||||||||
| Sherwin-Williams Co. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q2 2025 Calculation
Gross profit margin = 100
× (Gross marginQ2 2025
+ Gross marginQ1 2025
+ Gross marginQ4 2024
+ Gross marginQ3 2024)
÷ (SalesQ2 2025
+ SalesQ1 2025
+ SalesQ4 2024
+ SalesQ3 2024)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The financial data reveals several notable trends in key performance metrics over the analyzed periods.
- Gross Margin (US$ in millions)
- The gross margin exhibited a generally upward trajectory from March 2020 through June 2025. Starting at 2,896 million USD in March 2020, it experienced fluctuations but maintained growth, reaching its peak at 4,189 million USD in June 2025. The increase was relatively steady with some periods of minor decline or stagnation, such as the slight dip observed around the fourth quarter of 2022. Overall, the gross margin has grown significantly over the time frame, indicating improved profitability at the gross level.
- Sales (US$ in millions)
- Sales figures fluctuated more noticeably compared to gross margin. Beginning at 6,739 million USD in March 2020, sales saw variability but trended upward overall. Peaks appear around December 2021 (8,298 million USD) and December 2024 (8,356 million USD), with some quarters like December 2022 showing a temporary contraction to 7,899 million USD. Despite these fluctuations, sales volumes sustained a general growth pattern, suggesting expansion or increased market activity over time.
- Gross Profit Margin (%)
- The gross profit margin percentage displayed a clear positive trend starting from the third quarter of 2020. From approximately 43.53% in September 2020, it showed a consistent upward movement throughout the periods, culminating in 48.45% by June 2025. This improvement highlights enhanced efficiency or favorable cost management, enabling a greater proportion of sales revenue to be retained as gross profit despite fluctuations in absolute sales and gross margin values.
In summary, the data denotes strengthening financial performance marked by increasing gross margins and gross profit percentages, reflecting improved profitability and operational efficiency. Sales, while more volatile, trend upward and support the overall positive trajectory. The combination of rising gross margins and improving profit margins suggests effective cost control and pricing strategies enhancing overall financial health.
Operating Profit Margin
Linde plc, operating profit margin calculation (quarterly data)
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Operating profit | |||||||||||||||||||||||||||||
| Sales | |||||||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| Operating profit margin1 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | |||||||||||||||||||||||||||||
| Sherwin-Williams Co. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q2 2025 Calculation
Operating profit margin = 100
× (Operating profitQ2 2025
+ Operating profitQ1 2025
+ Operating profitQ4 2024
+ Operating profitQ3 2024)
÷ (SalesQ2 2025
+ SalesQ1 2025
+ SalesQ4 2024
+ SalesQ3 2024)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Operating Profit
- The operating profit exhibits a generally upward trend over the observed periods, with some fluctuations. Starting at 733 million US dollars in the first quarter of 2020, it decreased to 591 million in the following quarter but subsequently increased steadily, reaching a peak of 1480 million by the first quarter of 2022. A temporary decline to 589 million occurred in the second quarter of 2022, followed by a notable recovery and further increases. By the most recent quarter available, operating profit rose to 2354 million, indicating substantial growth over the span of the data.
- Sales
- Sales figures show fluctuations without a consistent linear trend. Beginning at 6739 million US dollars in the first quarter of 2020, sales decreased slightly in the subsequent quarter, then rose to reach a peak of 8797 million by the third quarter of 2022. Following this peak, sales experienced a noticeable decline and stabilization around the 8100-8350 million range through the end of 2024 and into early 2025. This pattern suggests periods of growth interrupted by subsequent contractions or adjustments.
- Operating Profit Margin
- The operating profit margin data, available from the fourth quarter of 2020, reflects a clear and steady increase over time. Starting at 12.19% at the end of 2020, the margin gradually improves quarter by quarter, reaching 16.53% in the second quarter of 2022, and further climbing to over 25% in the latter part of the timeframe. The margin peaks at 26.75% by the first quarter of 2025, indicative of increasing operational efficiency or profitability relative to sales despite the fluctuations observed in sales volumes.
- Summary of Trends and Insights
- The data indicates that operating profit has grown significantly over the analyzed quarters, even amid some volatility. Sales, however, show cyclical movements with peaks and troughs but no strong long-term upward trend after mid-2022. The consistent rise in operating profit margin highlights an improvement in profitability relative to sales, suggesting effective cost management, better pricing strategies, or higher-margin product mix adjustments. Overall, the company demonstrates increasing capacity to convert its sales into operating profit over time.
Net Profit Margin
Linde plc, net profit margin calculation (quarterly data)
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net income, Linde plc | |||||||||||||||||||||||||||||
| Sales | |||||||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| Net profit margin1 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | |||||||||||||||||||||||||||||
| Sherwin-Williams Co. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q2 2025 Calculation
Net profit margin = 100
× (Net income, Linde plcQ2 2025
+ Net income, Linde plcQ1 2025
+ Net income, Linde plcQ4 2024
+ Net income, Linde plcQ3 2024)
÷ (SalesQ2 2025
+ SalesQ1 2025
+ SalesQ4 2024
+ SalesQ3 2024)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The data reveals several key trends in the quarterly financial performance over the observed periods.
- Net Income
- Net income demonstrates a generally increasing trend with some fluctuations. Starting from a lower level in early 2020, it reached a peak by the end of 2021. A noticeable dip occurred in the first half of 2022, followed by a significant recovery and an upward trajectory through 2023 and into 2024 and 2025. The overall progression indicates improving profitability over time, with net income values rising from 573 million US dollars in early 2020 to 1766 million US dollars by mid-2025.
- Sales
- Sales figures reflect a steady growth pattern from 2020 through 2021, climbing from approximately 6,700 million US dollars to around 8,300 million US dollars. There is a slight decline observed at the end of 2022, but sales stabilize and maintain levels close to 8,000–8,500 million US dollars in subsequent quarters through to mid-2025. This suggests a relatively stable sales environment with moderate growth and some short-term volatility.
- Net Profit Margin
- The net profit margin exhibits a clear upward trend from 2020 to 2025. Early data from 2020 is limited, but from 2021 onward the margin improves consistently, rising from under 10% to over 20% by early 2025. This steady increase in profit margin indicates enhanced operational efficiency or favorable business conditions that have allowed a greater proportion of sales revenue to translate into net income.
In summary, the combination of growing net income, relatively stable but growing sales, and improving net profit margins indicates strengthening financial performance and profitability. The company appears to be managing costs effectively while maintaining solid sales volumes, resulting in progressive increases in bottom-line results over the observed timeframe.
Return on Equity (ROE)
Linde plc, ROE calculation (quarterly data)
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net income, Linde plc | |||||||||||||||||||||||||||||
| Total Linde plc shareholders’ equity | |||||||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| ROE1 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| ROE, Competitors2 | |||||||||||||||||||||||||||||
| Sherwin-Williams Co. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q2 2025 Calculation
ROE = 100
× (Net income, Linde plcQ2 2025
+ Net income, Linde plcQ1 2025
+ Net income, Linde plcQ4 2024
+ Net income, Linde plcQ3 2024)
÷ Total Linde plc shareholders’ equity
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The financial data for the relevant periods reflect notable trends in net income, shareholders' equity, and return on equity (ROE) for the company.
- Net Income
- The net income shows an overall upward trajectory across the periods with some fluctuations. Starting from US$573 million in March 2020, the net income increased and reached a peak of US$1,175 million in March 2022. There was a temporary decline in the subsequent quarter to US$372 million in June 2022, possibly indicating an anomaly or a seasonal effect, but the net income quickly rebounded to surpass previous levels, peaking at US$1,766 million by December 2025. The general pattern suggests growing profitability over time with periodic variability.
- Total Shareholders' Equity
- Shareholders' equity exhibited a declining trend from early 2020 through much of 2023. It started at US$44,776 million in March 2020, then decreased in most periods to a low of US$37,628 million in September 2022. After this trough, equity stabilized and slightly recovered towards early 2025, ending at US$38,515 million in June 2025. This downward movement in equity might indicate share repurchases, dividend payments exceeding retained earnings, or other capital structuring activities impacting the equity base adversely.
- Return on Equity (ROE)
- The available ROE data from December 2020 onwards show a consistent and robust improving trend. ROE increased from 5.29% in December 2020 to 17.43% by December 2025. This significant growth in ROE suggests enhanced operational efficiency or improved profitability relative to equity, possibly driven by increasing net income combined with decreasing or stable equity levels. The rise in ROE reflects positively on management's effectiveness in generating returns for shareholders.
Overall, the financial trends reveal a company experiencing increasing profitability despite a reduction in the equity base. The sharp improvement in ROE underlines enhanced capital utilization, although the decline in shareholders’ equity could warrant further analysis to understand its drivers fully. The noticeable drop in net income in June 2022 appears to be a temporary setback within a generally positive earnings growth trend.
Return on Assets (ROA)
Linde plc, ROA calculation (quarterly data)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net income, Linde plc | |||||||||||||||||||||||||||||
| Total assets | |||||||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| ROA1 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| ROA, Competitors2 | |||||||||||||||||||||||||||||
| Sherwin-Williams Co. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q2 2025 Calculation
ROA = 100
× (Net income, Linde plcQ2 2025
+ Net income, Linde plcQ1 2025
+ Net income, Linde plcQ4 2024
+ Net income, Linde plcQ3 2024)
÷ Total assets
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The financial data exhibits several notable trends in profitability and asset management over the assessed periods. The net income figures demonstrate fluctuations with an overall upward trajectory. After a dip around mid-2022, income rebounded strongly into 2023 and early 2024, reaching new peaks by the end of the dataset. This suggests periods of recovery and growth following temporary declines.
Total assets display a gradual decrease from early 2020 through late 2022, suggesting possible asset divestment or depreciation. However, starting in late 2022 and continuing through 2024 and into mid-2025, total assets gradually increase again, indicating renewed investments or asset accumulation in recent periods.
The return on assets (ROA) percentage, available from late 2020 onwards, shows a consistent upward trend with minor fluctuations. Early values near 2.8% improved steadily to above 7% in the latest periods. This improvement in ROA signifies better profitability relative to the asset base, indicating enhanced efficiency in utilizing assets to generate earnings over time.
In summary, net income experienced variability but trended upward with recent recovery, total assets initially declined then stabilized and grew, and the ROA improved markedly, reflecting enhanced operational performance and asset utilization efficiency throughout the analyzed periods.
- Net Income
- Fluctuated over time but showed an overall rising trend with notable rebounds after mid-2022, reaching peak levels by 2025.
- Total Assets
- Gradually decreased from 2020 through 2022, followed by steady growth and recovery from late 2022 through 2025.
- Return on Assets (ROA)
- Consistently increased from approximately 2.8% in late 2020 to near 8% by 2025, indicating improved profitability and asset utilization.