Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

$24.99

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

Qualcomm Inc., ROA, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).

1 US$ in millions


The analysis of the annual financial data over the reported period reveals several notable trends and fluctuations in the company's profitability, asset base, and return on assets (ROA).

Net Income (Loss)
The net income exhibited a general upward trend from 2005, starting at approximately $2.14 billion, reaching a peak around 2013-2014 with values exceeding $7.9 billion. However, there was a significant volatility observed in subsequent years, including a substantial loss reported in 2018 with nearly a $4.86 billion negative figure. After this loss, net income rebounded sharply, peaking at approximately $12.9 billion in 2022, before experiencing a decline in the most recent years, settling around $5.54 billion by 2025. This pattern indicates periods of strong profitability interspersed with volatility, suggesting impacts from either operational challenges, market conditions, or non-recurring events.
Total Assets
The total assets steadily increased over the entire period, beginning at $12.48 billion in 2005 and progressing to a peak above $65.4 billion by 2017. Following this peak, a notable drop occurred in 2018 to approximately $32.7 billion, coinciding with the year of the net loss, which could indicate asset disposals, impairments, or restructuring measures. After 2018, the asset base resumed growing, reaching around $55.1 billion by 2024 before a slight decline to about $50.1 billion in 2025. The overall asset growth suggests ongoing investments and company expansion, albeit with intermittent adjustments affecting the asset base.
Return on Assets (ROA)
The ROA metric followed a pattern consistent with net income trends, starting strong at over 17% in 2005 and maintaining generally healthy levels above 10% for many years. Fluctuations are evident, with a marked decline to approximately 3.77% in 2017 and a significant negative ROA of -14.88% in 2018, reflecting the net loss and asset contractions in the same period. The company recovered strongly post-2018, achieving peak ROA values of 21.93% in 2021 and 26.39% in 2022, indicating enhanced efficiency in generating profit from its assets. The ROA then declined to about 11.05% by 2025, suggesting a normalization following a period of exceptionally high returns.

Overall, the data depicts a company experiencing substantial growth in assets and variable profitability, with periods of considerable challenges reflected by profit declines and asset contractions. The sharp recovery in profitability and ROA after 2018 indicates resilience and an ability to generate value from its asset base, although the recent downward trends in both net income and ROA may warrant further monitoring for potential operational or market difficulties.


Comparison to Competitors

Qualcomm Inc., ROA, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).


Comparison to Sector (Semiconductors & Semiconductor Equipment)

Qualcomm Inc., ROA, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).


Comparison to Industry (Information Technology)