Return on Equity (ROE)
since 2005
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Qualcomm Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Income Statement
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
- Aggregate Accruals
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Calculation
Qualcomm Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss)1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Sep 28, 2025 | = | 100 | × | ÷ | |||
| Sep 29, 2024 | = | 100 | × | ÷ | |||
| Sep 24, 2023 | = | 100 | × | ÷ | |||
| Sep 25, 2022 | = | 100 | × | ÷ | |||
| Sep 26, 2021 | = | 100 | × | ÷ | |||
| Sep 27, 2020 | = | 100 | × | ÷ | |||
| Sep 29, 2019 | = | 100 | × | ÷ | |||
| Sep 30, 2018 | = | 100 | × | ÷ | |||
| Sep 24, 2017 | = | 100 | × | ÷ | |||
| Sep 25, 2016 | = | 100 | × | ÷ | |||
| Sep 27, 2015 | = | 100 | × | ÷ | |||
| Sep 28, 2014 | = | 100 | × | ÷ | |||
| Sep 29, 2013 | = | 100 | × | ÷ | |||
| Sep 30, 2012 | = | 100 | × | ÷ | |||
| Sep 25, 2011 | = | 100 | × | ÷ | |||
| Sep 26, 2010 | = | 100 | × | ÷ | |||
| Sep 27, 2009 | = | 100 | × | ÷ | |||
| Sep 28, 2008 | = | 100 | × | ÷ | |||
| Sep 30, 2007 | = | 100 | × | ÷ | |||
| Sep 24, 2006 | = | 100 | × | ÷ | |||
| Sep 25, 2005 | = | 100 | × | ÷ |
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 financial data reveals several notable trends in the company's net income, stockholders’ equity, and return on equity (ROE) over the reported periods.
- Net Income (Loss)
- The net income exhibited a general upward trend from 2005 through 2014, increasing from $2,143 million to a peak of $7,967 million. However, a significant decline occurred in 2015 and 2016, with net income dropping to $5,271 million and $5,705 million respectively. This was followed by a dramatic loss in 2018, where net income turned negative at -$4,864 million, marking the lowest point in the data series. Subsequently, the company recovered, posting positive net income again from 2019 onwards, reaching highs of $12,936 million in 2022 before declining to $5,541 million in 2025. This pattern indicates periods of volatility, with notable fluctuations likely attributable to external or internal events impacting earnings.
- Stockholders’ Equity
- Stockholders’ equity grew steadily from $11,119 million in 2005 to a peak of $39,169 million in 2014. From 2015 onwards, equity declined sharply to $31,421 million in the same year and continued to fluctuate, hitting a significant low of $928 million in 2018, concurrent with the net income loss. Afterward, equity progressively recovered, increasing to $26,274 million by 2024 before a slight decline to $21,206 million by 2025. The equity trend mirrors the net income pattern, suggesting that losses potentially eroded shareholder value during the middle years, but recovery efforts have been somewhat effective.
- Return on Equity (ROE)
- ROE generally aligned with net income trends, starting at 19.27% in 2005 with relative stability and moderate growth through 2014. A striking anomaly occurs in 2018, where ROE plunged dramatically to -524.14%, reflecting the severe loss that year. Subsequent years show extraordinarily high positive ROE percentages, peaking near 90% from 2019 through 2021, indicating efficient use of relatively low equity bases post-loss years to generate income. Nevertheless, these extremely high ROE values might also reflect depressed equity levels rather than solely strong profitability. By 2025, ROE moderated to 26.13%, suggesting a normalization from previous extremes.
In summary, the company experienced substantial growth and profitability up to around 2014, followed by a period of instability marked by losses and reduced equity in 2018. The recovery phase is characterized by increased net income and a rebound in equity levels, alongside volatile but generally improving profitability metrics as reflected in ROE. The data indicates resilience and an ability to restore shareholder value after a significant downturn, although recent years demonstrate some fluctuations that warrant close monitoring.
Comparison to Competitors
Qualcomm Inc., ROE, long-term trends, comparison to competitors
| Qualcomm Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 28, 2025 | |||||||||||
| Sep 29, 2024 | |||||||||||
| Sep 24, 2023 | |||||||||||
| Sep 25, 2022 | |||||||||||
| Sep 26, 2021 | |||||||||||
| Sep 27, 2020 | |||||||||||
| Sep 29, 2019 | |||||||||||
| Sep 30, 2018 | |||||||||||
| Sep 24, 2017 | |||||||||||
| Sep 25, 2016 | |||||||||||
| Sep 27, 2015 | |||||||||||
| Sep 28, 2014 | |||||||||||
| Sep 29, 2013 | |||||||||||
| Sep 30, 2012 | |||||||||||
| Sep 25, 2011 | |||||||||||
| Sep 26, 2010 | |||||||||||
| Sep 27, 2009 | |||||||||||
| Sep 28, 2008 | |||||||||||
| Sep 30, 2007 | |||||||||||
| Sep 24, 2006 | |||||||||||
| Sep 25, 2005 |
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., ROE, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Qualcomm Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Sep 28, 2025 | ||
| Sep 29, 2024 | ||
| Sep 24, 2023 | ||
| Sep 25, 2022 | ||
| Sep 26, 2021 | ||
| Sep 27, 2020 | ||
| Sep 29, 2019 | ||
| Sep 30, 2018 | ||
| Sep 24, 2017 | ||
| Sep 25, 2016 | ||
| Sep 27, 2015 | ||
| Sep 28, 2014 | ||
| Sep 29, 2013 | ||
| Sep 30, 2012 | ||
| Sep 25, 2011 | ||
| Sep 26, 2010 | ||
| Sep 27, 2009 | ||
| Sep 28, 2008 | ||
| Sep 30, 2007 | ||
| Sep 24, 2006 | ||
| Sep 25, 2005 |
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)
Qualcomm Inc., ROE, long-term trends, comparison to industry (information technology)
| Qualcomm Inc. | Information Technology | |
|---|---|---|
| Sep 28, 2025 | ||
| Sep 29, 2024 | ||
| Sep 24, 2023 | ||
| Sep 25, 2022 | ||
| Sep 26, 2021 | ||
| Sep 27, 2020 | ||
| Sep 29, 2019 | ||
| Sep 30, 2018 | ||
| Sep 24, 2017 | ||
| Sep 25, 2016 | ||
| Sep 27, 2015 | ||
| Sep 28, 2014 | ||
| Sep 29, 2013 | ||
| Sep 30, 2012 | ||
| Sep 25, 2011 | ||
| Sep 26, 2010 | ||
| Sep 27, 2009 | ||
| Sep 28, 2008 | ||
| Sep 30, 2007 | ||
| Sep 24, 2006 | ||
| Sep 25, 2005 |
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).