Return on Equity (ROE)
since 2005
Calculation
Qualcomm Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss)1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Sep 29, 2024 | 38.60% | = | 100 | × | 10,142) | ÷ | 26,274) |
| Sep 24, 2023 | 33.51% | = | 100 | × | 7,232) | ÷ | 21,581) |
| Sep 25, 2022 | 71.81% | = | 100 | × | 12,936) | ÷ | 18,013) |
| Sep 26, 2021 | 90.88% | = | 100 | × | 9,043) | ÷ | 9,950) |
| Sep 27, 2020 | 85.54% | = | 100 | × | 5,198) | ÷ | 6,077) |
| Sep 29, 2019 | 89.35% | = | 100 | × | 4,386) | ÷ | 4,909) |
| Sep 30, 2018 | -524.14% | = | 100 | × | (4,864) | ÷ | 928) |
| Sep 24, 2017 | 8.02% | = | 100 | × | 2,466) | ÷ | 30,746) |
| Sep 25, 2016 | 17.95% | = | 100 | × | 5,705) | ÷ | 31,778) |
| Sep 27, 2015 | 16.78% | = | 100 | × | 5,271) | ÷ | 31,421) |
| Sep 28, 2014 | 20.34% | = | 100 | × | 7,967) | ÷ | 39,169) |
| Sep 29, 2013 | 18.99% | = | 100 | × | 6,853) | ÷ | 36,088) |
| Sep 30, 2012 | 18.22% | = | 100 | × | 6,109) | ÷ | 33,523) |
| Sep 25, 2011 | 15.81% | = | 100 | × | 4,260) | ÷ | 26,951) |
| Sep 26, 2010 | 15.57% | = | 100 | × | 3,247) | ÷ | 20,858) |
| Sep 27, 2009 | 7.84% | = | 100 | × | 1,592) | ÷ | 20,316) |
| Sep 28, 2008 | 17.61% | = | 100 | × | 3,160) | ÷ | 17,944) |
| Sep 30, 2007 | 20.86% | = | 100 | × | 3,303) | ÷ | 15,835) |
| Sep 24, 2006 | 18.42% | = | 100 | × | 2,470) | ÷ | 13,406) |
| Sep 25, 2005 | 19.27% | = | 100 | × | 2,143) | ÷ | 11,119) |
Based on: 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 notable fluctuations in net income, stockholders’ equity, and return on equity (ROE) over the analyzed periods.
- Net Income (Loss)
-
Net income generally exhibited an upward trend from 2005 until 2014, increasing from $2,143 million to a peak of $7,967 million. However, there was a marked decline in 2015 and 2016, with net income falling to $5,271 million and $5,705 million respectively. A significant anomaly occurred in 2018 with a net loss of $4,864 million, reversing the prior trend. Following this loss, net income rebounded, reaching new highs in 2021 and 2022 at $9,043 million and $12,936 million, before declining again in 2023 to $7,232 million. The 2024 figure shows a recovery to $10,142 million, suggesting volatility but overall growth in recent years.
- Stockholders’ Equity
-
Stockholders’ equity consistently increased from 2005 through 2014, rising from $11,119 million to $39,169 million. A decline occurred in 2015 and 2016, dropping to approximately $31,400 million, and a sharp decrease followed in 2018, reaching a low of $928 million. Post-2018, equity recovered progressively, reaching $26,274 million by 2024. This pattern indicates a period of significant financial stress around 2018 followed by gradual restoration of equity value.
- Return on Equity (ROE)
-
ROE maintained a relatively stable range between approximately 15% and 21% through 2014, reflecting consistent profitability relative to equity. In 2018, ROE drastically dropped to -524.14%, mirroring the net loss and equity reduction in that period. Subsequently, ROE sharply increased to very high levels, notably 89.35% in 2019 and remaining elevated through 2022, before moderating to 33.51% in 2023 and 38.6% in 2024. The extreme volatility in ROE reflects significant changes in profitability and equity base, particularly around 2018, followed by a volatile but profitable recovery phase.
Overall, the data displays a period of steady growth in earnings and equity until approximately 2014, followed by disruption and volatility around 2018, likely due to extraordinary circumstances impacting financial performance and balance sheet strength. Since then, there is evidence of recovery and resumed profitability, albeit with higher volatility in returns on equity compared to earlier periods.
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. | Monolithic Power Systems Inc. | NVIDIA Corp. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 29, 2024 | 38.60% | 2.85% | 4.65% | 37.77% | 8.71% | -18.89% | 82.00% | 44.82% | 1.72% | 56.80% | 69.24% | 28.39% |
| Sep 24, 2023 | 33.51% | 1.53% | 9.32% | 41.94% | 58.70% | 1.60% | 116.01% | 54.94% | -13.22% | 20.85% | 19.76% | 38.53% |
| Sep 25, 2022 | 71.81% | 2.41% | 7.54% | 53.51% | 50.62% | 7.90% | 237.04% | 73.35% | 17.41% | 26.23% | 36.65% | 60.02% |
| Sep 26, 2021 | 90.88% | 42.18% | 3.66% | 48.08% | 26.99% | 20.83% | 61.53% | 64.85% | 13.34% | 19.46% | 25.64% | 58.27% |
| Sep 27, 2020 | 85.54% | 42.66% | 10.17% | 34.21% | 12.40% | 25.79% | 45.65% | 43.53% | 6.89% | 17.01% | 22.91% | 60.90% |
| Sep 29, 2019 | 89.35% | 12.06% | 11.64% | 32.94% | 10.92% | 27.16% | 44.21% | 46.89% | 17.59% | 14.07% | 44.33% | 56.33% |
| Sep 30, 2018 | -524.14% | 26.62% | 13.61% | 48.44% | 45.99% | 28.24% | 49.51% | 36.62% | 43.77% | 16.45% | 40.78% | 62.04% |
| Sep 24, 2017 | 8.02% | 7.04% | 7.16% | 36.73% | 8.34% | 13.91% | 69.82% | 24.90% | 27.33% | 12.49% | 28.91% | 35.62% |
| Sep 25, 2016 | 17.95% | -119.47% | 16.68% | 23.85% | -9.20% | 15.58% | 102.22% | 15.51% | -2.28% | 12.23% | 13.74% | 34.33% |
| Sep 27, 2015 | 16.78% | — | 13.74% | 18.09% | 28.94% | 18.70% | 86.88% | 12.85% | 23.57% | 9.54% | 14.27% | 30.02% |
| Sep 28, 2014 | 20.34% | -215.51% | 13.23% | 13.62% | 8.11% | 20.95% | 15.88% | 12.57% | 28.27% | 10.25% | 9.87% | 27.15% |
| Sep 29, 2013 | 18.99% | -15.26% | 14.21% | 3.61% | 19.13% | 16.51% | 15.60% | 2.54% | 13.02% | 7.08% | 11.65% | 20.01% |
| Sep 30, 2012 | 18.22% | -219.89% | 15.63% | 1.51% | 23.27% | 21.49% | 22.80% | 3.29% | -13.40% | 6.10% | 14.02% | 16.05% |
| Sep 25, 2011 | 15.81% | 30.88% | 22.85% | 21.89% | 27.52% | 28.19% | 27.77% | 29.30% | 1.97% | 5.48% | 7.96% | 20.42% |
| Sep 26, 2010 | 15.57% | 46.50% | 22.25% | 12.44% | 27.57% | 23.19% | 9.45% | 19.61% | 23.07% | 11.97% | -2.55% | 30.93% |
| Sep 27, 2009 | 7.84% | 46.91% | 9.80% | -4.30% | -4.23% | 10.48% | -23.96% | -20.79% | -39.43% | 9.24% | -1.25% | 15.12% |
| Sep 28, 2008 | 17.61% | — | 32.49% | 12.73% | — | 13.54% | 12.04% | 24.70% | -26.21% | 14.71% | 30.47% | 20.59% |
| Sep 30, 2007 | 20.86% | -113.01% | 21.25% | 21.87% | — | 16.31% | 14.88% | 58.30% | -4.13% | 8.42% | 22.36% | 26.64% |
| Sep 24, 2006 | 18.42% | -2.87% | 15.99% | 22.80% | — | 13.72% | 10.66% | 24.05% | 5.03% | -3.02% | 20.76% | 38.21% |
| Sep 25, 2005 | 19.27% | 4.94% | 11.24% | 13.55% | — | 23.95% | 15.33% | 28.06% | 3.22% | 6.53% | 8.52% | 19.47% |
Based on: 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 29, 2024 | 38.60% | 12.10% |
| Sep 24, 2023 | 33.51% | 13.34% |
| Sep 25, 2022 | 71.81% | 22.71% |
| Sep 26, 2021 | 90.88% | 25.76% |
| Sep 27, 2020 | 85.54% | 24.50% |
| Sep 29, 2019 | 89.35% | 26.78% |
| Sep 30, 2018 | -524.14% | 33.36% |
| Sep 24, 2017 | 8.02% | 16.94% |
| Sep 25, 2016 | 17.95% | 13.42% |
| Sep 27, 2015 | 16.78% | 19.04% |
| Sep 28, 2014 | 20.34% | 19.75% |
| Sep 29, 2013 | 18.99% | 15.75% |
| Sep 30, 2012 | 18.22% | 14.93% |
| Sep 25, 2011 | 15.81% | 21.52% |
| Sep 26, 2010 | 15.57% | 20.97% |
| Sep 27, 2009 | 7.84% | 5.28% |
| Sep 28, 2008 | 17.61% | 10.03% |
| Sep 30, 2007 | 20.86% | 13.62% |
| Sep 24, 2006 | 18.42% | 16.50% |
| Sep 25, 2005 | 19.27% | 18.49% |
Based on: 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 29, 2024 | 38.60% | 29.38% |
| Sep 24, 2023 | 33.51% | 31.90% |
| Sep 25, 2022 | 71.81% | 39.03% |
| Sep 26, 2021 | 90.88% | 42.37% |
| Sep 27, 2020 | 85.54% | 35.70% |
| Sep 29, 2019 | 89.35% | 36.62% |
| Sep 30, 2018 | -524.14% | 30.36% |
| Sep 24, 2017 | 8.02% | 23.39% |
| Sep 25, 2016 | 17.95% | 23.35% |
| Sep 27, 2015 | 16.78% | 26.16% |
| Sep 28, 2014 | 20.34% | 25.60% |
| Sep 29, 2013 | 18.99% | 24.88% |
| Sep 30, 2012 | 18.22% | 26.23% |
| Sep 25, 2011 | 15.81% | 29.20% |
| Sep 26, 2010 | 15.57% | 27.88% |
| Sep 27, 2009 | 7.84% | 20.28% |
| Sep 28, 2008 | 17.61% | 25.66% |
| Sep 30, 2007 | 20.86% | 24.00% |
| Sep 24, 2006 | 18.42% | 22.73% |
| Sep 25, 2005 | 19.27% | 22.11% |
Based on: 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).