Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Qualcomm Inc., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-23), 10-Q (reporting date: 2024-03-24), 10-Q (reporting date: 2023-12-24), 10-K (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-K (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-K (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-K (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29), 10-K (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-30).
- Gross Profit Margin
- The gross profit margin demonstrates some variability over the periods analyzed, initially stabilizing around the mid-60% range. Starting from approximately 64.57%, it experienced a noticeable decline to about 55.7% towards the later periods. This indicates increased cost pressures or changes in sales mix impacting the gross profitability over time.
- Operating Profit Margin
- The operating profit margin reveals a more pronounced fluctuation across the quarters. Initial margins in the low 30% range dropped sharply to approximately 17.52% during one period, followed by a recovery phase reaching a peak close to 35.88%. Post peak, there is a declining trend settling in the low to mid-20% range. This variability suggests operational challenges or changes in operating expenses impacting profitability.
- Net Profit Margin
- The net profit margin initially appears modest, roughly around 16%-18%, with a slight decline in some quarters but then recovers to reach above 30% in certain periods. More recently, it stabilizes between 20% and 27%, reflecting improved bottom-line performance despite earlier volatility. The increase may be attributable to effective cost control measures or favorable financial activities.
- Return on Equity (ROE)
- ROE displays significant volatility with extremely high values early in the timeline, peaking above 130%, before a gradual and steady decline to levels around 33%-42% in the most recent quarters. The elevated early ROE may stem from financial leverage or one-time gains, while the subsequent decline signals normalization towards more sustainable returns on shareholder equity.
- Return on Assets (ROA)
- The return on assets shows a gradual upward trend overall, beginning near 12%-13%, dipping slightly during intermediary periods, then climbing up to over 27%. Later it stabilizes around the 15%-21% range in recent quarters. This suggests improvements in asset utilization efficiency, contributing positively to profitability despite earlier fluctuations.
Return on Sales
Return on Investment
Gross Profit Margin
Qualcomm Inc., gross profit margin calculation (quarterly data)
| Jun 29, 2025 | Mar 30, 2025 | Dec 29, 2024 | Sep 29, 2024 | Jun 23, 2024 | Mar 24, 2024 | Dec 24, 2023 | Sep 24, 2023 | Jun 25, 2023 | Mar 26, 2023 | Dec 25, 2022 | Sep 25, 2022 | Jun 26, 2022 | Mar 27, 2022 | Dec 26, 2021 | Sep 26, 2021 | Jun 27, 2021 | Mar 28, 2021 | Dec 27, 2020 | Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 29, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 30, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Gross profit | 5,759) | 6,042) | 6,508) | 5,777) | 5,219) | 5,283) | 5,623) | 4,751) | 4,659) | 5,122) | 5,419) | 6,527) | 6,120) | 6,516) | 6,402) | 5,399) | 4,656) | 4,503) | 4,746) | 5,580) | 2,813) | 2,919) | 2,964) | 2,696) | 7,521) | 2,803) | 2,654) | ||||||||
| Revenues | 10,365) | 10,979) | 11,669) | 10,245) | 9,393) | 9,389) | 9,935) | 8,631) | 8,451) | 9,275) | 9,463) | 11,395) | 10,936) | 11,164) | 10,705) | 9,336) | 8,060) | 7,935) | 8,235) | 8,345) | 4,893) | 5,216) | 5,077) | 4,814) | 9,635) | 4,982) | 4,842) | ||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||||||||
| Gross profit margin1 | 55.68% | 55.68% | 55.99% | 56.21% | 55.90% | 55.80% | 55.54% | 55.70% | 56.31% | 56.46% | 57.22% | 57.84% | 57.99% | 58.51% | 58.16% | 57.51% | 59.82% | 59.99% | 60.17% | 60.67% | 56.96% | 65.07% | 65.22% | 64.57% | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | |||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 47.62% | 50.09% | 49.35% | 48.38% | 47.61% | 46.76% | 46.12% | 45.01% | 43.70% | 43.98% | 44.93% | 46.55% | 48.01% | 48.53% | 48.25% | 46.82% | 45.71% | 44.79% | 44.53% | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | 60.15% | 58.76% | 57.16% | 57.08% | 57.85% | 59.84% | 62.47% | 64.01% | 65.23% | 65.69% | 65.62% | 62.70% | 58.63% | 58.33% | 57.81% | 61.83% | 68.04% | 67.36% | 66.37% | 65.87% | 65.39% | 65.56% | 66.43% | 67.00% | — | — | — | ||||||||
| Applied Materials Inc. | 48.50% | 48.14% | 47.73% | 47.46% | 47.41% | 47.18% | 46.98% | 46.70% | 46.40% | 46.35% | 46.39% | 46.51% | 47.05% | 47.51% | 47.67% | 47.32% | 46.69% | 45.83% | 44.96% | 44.72% | 44.23% | 44.04% | 43.81% | 43.72% | — | — | — | ||||||||
| Broadcom Inc. | — | 66.09% | 64.70% | 63.03% | 63.90% | 65.05% | 67.06% | 68.93% | 68.28% | 67.71% | 66.98% | 66.55% | 65.68% | 64.42% | 62.95% | 61.36% | 60.18% | 58.98% | 57.54% | 56.58% | 55.70% | 55.21% | 55.32% | 55.24% | — | — | — | ||||||||
| Intel Corp. | — | 29.76% | 31.67% | 32.66% | 34.67% | 41.42% | 41.49% | 40.04% | 38.14% | 38.27% | 38.34% | 42.61% | 46.56% | 49.85% | 54.32% | 55.45% | 56.27% | 55.59% | 54.62% | 56.01% | — | — | — | — | — | — | — | ||||||||
| KLA Corp. | 60.56% | 59.68% | 59.75% | 59.97% | 59.57% | 59.76% | 59.44% | 59.81% | 60.16% | 60.69% | 61.23% | 61.00% | 60.86% | 60.77% | 60.27% | 59.93% | 59.38% | 58.80% | 58.43% | 57.81% | — | — | — | — | — | — | — | ||||||||
| Lam Research Corp. | 48.03% | 47.60% | 47.47% | 47.32% | 46.84% | 45.23% | 44.80% | 44.62% | 44.65% | 45.31% | 45.74% | 45.69% | 45.93% | 46.30% | 46.19% | 46.53% | 46.49% | 46.59% | 46.43% | 45.88% | — | — | — | — | — | — | — | ||||||||
| Micron Technology Inc. | 37.13% | 34.73% | 30.92% | 22.35% | 11.42% | -0.32% | -14.49% | -9.11% | 9.03% | 27.51% | 41.34% | 45.18% | 46.89% | 45.81% | 41.37% | 37.62% | 33.66% | 30.70% | 31.37% | 30.57% | 29.03% | 30.33% | 36.11% | 45.72% | — | — | — | ||||||||
| NVIDIA Corp. | 75.86% | 75.98% | 75.29% | 72.72% | 69.85% | 64.62% | 56.31% | 56.93% | 57.84% | 60.45% | 65.26% | 64.93% | 64.40% | 63.76% | 62.43% | 62.34% | 62.62% | 62.84% | 63.47% | 61.99% | — | — | — | — | — | — | — | ||||||||
| Texas Instruments Inc. | — | 58.03% | 58.02% | 58.14% | 58.63% | 59.36% | 61.01% | 62.90% | 64.46% | 66.29% | 67.64% | 68.76% | 69.51% | 69.26% | 68.68% | 67.47% | 66.36% | 65.46% | 64.70% | 64.10% | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-23), 10-Q (reporting date: 2024-03-24), 10-Q (reporting date: 2023-12-24), 10-K (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-K (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-K (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-K (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29), 10-K (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-30).
1 Q3 2025 Calculation
Gross profit margin = 100
× (Gross profitQ3 2025
+ Gross profitQ2 2025
+ Gross profitQ1 2025
+ Gross profitQ4 2024)
÷ (RevenuesQ3 2025
+ RevenuesQ2 2025
+ RevenuesQ1 2025
+ RevenuesQ4 2024)
= 100 × (5,759 + 6,042 + 6,508 + 5,777)
÷ (10,365 + 10,979 + 11,669 + 10,245)
= 55.68%
2 Click competitor name to see calculations.
The data exhibits notable fluctuations in both gross profit and revenues over the reported periods, along with variations in the gross profit margin from the first date recorded through the subsequent quarters.
- Gross Profit Trends
- Gross profit values show a significant spike at certain points, particularly around mid-2019 and late 2020, suggesting occasional peaks possibly due to seasonality or specific business activities. After these spikes, a degree of variability is observed with gross profit generally oscillating between approximately 4,500 and 6,500 million US dollars in later periods. The trend indicates some volatility but also periods of relative stability from 2021 onward, with gross profit frequently remaining above 5,000 million US dollars.
- Revenue Trends
- Revenues demonstrate an overall upward trajectory with clear jumps coinciding with the gross profit peaks. Early periods show revenues roughly doubling around mid-2019 and late 2020, consistent with the gross profit spikes. Thereafter, revenues maintain a generally higher level compared to earlier periods, averaging close to or above 9,000 million US dollars from 2021 forward. Nevertheless, some quarters indicate minor declines or stabilization, reflecting moderate fluctuations but an underlying growth trend over the span of data.
- Gross Profit Margin Development
- The gross profit margin, when available, reveals a declining trend starting from a high peak of 64.57% and gradually decreasing to levels around 55-56% in the later quarters. This decline suggests a potential increase in costs relative to revenues or changes in the product mix or pricing strategies. Despite the decrease, the margin remains relatively stable in the later periods, hovering consistently in the mid-50% range, indicating an established profitability baseline.
- Overall Insights
- The financial data indicates that the company experiences periodic spikes in both gross profit and revenues, which may be connected to cyclical factors or specific operational events. Over time, despite these fluctuations, revenues have increased overall, and gross profit has maintained elevated values compared to earlier periods. The reduction in gross profit margin percentage implies changing cost dynamics or competitive conditions affecting profitability. The stability in margins and earnings in recent years may point to operational adjustments or strategic initiatives to manage costs and sustain profitability amid evolving market conditions.
Operating Profit Margin
Qualcomm Inc., operating profit margin calculation (quarterly data)
| Jun 29, 2025 | Mar 30, 2025 | Dec 29, 2024 | Sep 29, 2024 | Jun 23, 2024 | Mar 24, 2024 | Dec 24, 2023 | Sep 24, 2023 | Jun 25, 2023 | Mar 26, 2023 | Dec 25, 2022 | Sep 25, 2022 | Jun 26, 2022 | Mar 27, 2022 | Dec 26, 2021 | Sep 26, 2021 | Jun 27, 2021 | Mar 28, 2021 | Dec 27, 2020 | Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 29, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 30, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Operating income | 2,762) | 3,120) | 3,555) | 2,582) | 2,221) | 2,340) | 2,928) | 1,410) | 1,823) | 2,090) | 2,465) | 3,666) | 4,472) | 3,858) | 3,864) | 2,902) | 2,195) | 2,166) | 2,526) | 3,452) | 782) | 991) | 1,030) | 700) | 5,317) | 940) | 710) | ||||||||
| Revenues | 10,365) | 10,979) | 11,669) | 10,245) | 9,393) | 9,389) | 9,935) | 8,631) | 8,451) | 9,275) | 9,463) | 11,395) | 10,936) | 11,164) | 10,705) | 9,336) | 8,060) | 7,935) | 8,235) | 8,345) | 4,893) | 5,216) | 5,077) | 4,814) | 9,635) | 4,982) | 4,842) | ||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||||||||
| Operating profit margin1 | 27.78% | 27.14% | 26.29% | 25.85% | 23.83% | 23.35% | 22.74% | 21.74% | 26.03% | 30.91% | 33.66% | 35.88% | 35.82% | 32.65% | 30.88% | 29.16% | 31.74% | 30.35% | 29.04% | 26.58% | 17.52% | 32.49% | 32.59% | 31.59% | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | |||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 7.66% | 9.62% | 7.37% | 5.64% | 3.74% | 2.55% | 1.77% | -0.41% | -1.73% | 0.73% | 5.36% | 11.48% | 16.83% | 20.86% | 22.20% | 20.27% | 18.83% | 16.23% | 14.02% | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | 24.61% | 22.71% | 20.76% | 21.56% | 21.63% | 24.23% | 28.34% | 31.07% | 33.43% | 33.06% | 32.15% | 27.29% | 20.49% | 20.42% | 18.87% | 23.12% | 31.59% | 30.06% | 28.83% | 26.74% | 24.91% | 25.30% | 26.56% | 28.55% | — | — | — | ||||||||
| Applied Materials Inc. | 30.14% | 29.66% | 29.22% | 28.95% | 29.02% | 28.87% | 28.89% | 28.86% | 28.92% | 29.28% | 29.64% | 30.20% | 31.03% | 31.80% | 31.37% | 29.87% | 28.47% | 26.49% | 25.30% | 25.37% | 24.26% | 23.58% | 23.20% | 22.93% | — | — | — | ||||||||
| Broadcom Inc. | — | 35.94% | 32.35% | 26.10% | 27.93% | 30.84% | 36.50% | 45.25% | 45.00% | 45.19% | 44.23% | 42.84% | 40.47% | 37.37% | 34.35% | 31.03% | 28.16% | 24.83% | 20.81% | 16.80% | 15.27% | 14.85% | 15.90% | 15.24% | — | — | — | ||||||||
| Intel Corp. | — | -22.84% | -20.57% | -21.99% | -17.52% | -0.83% | 0.89% | 0.17% | -6.86% | -7.01% | -6.16% | 3.70% | 12.16% | 18.88% | 25.87% | 24.62% | 25.93% | 26.00% | 26.17% | 30.41% | — | — | — | — | — | — | — | ||||||||
| KLA Corp. | 38.10% | 35.37% | 34.78% | 34.10% | 33.27% | 34.30% | 37.20% | 38.06% | 39.00% | 39.86% | 40.05% | 39.67% | 39.30% | 38.90% | 37.26% | 35.97% | 34.43% | 28.42% | 27.28% | 25.87% | — | — | — | — | — | — | — | ||||||||
| Lam Research Corp. | 30.85% | 29.50% | 28.89% | 28.61% | 28.03% | 27.08% | 28.42% | 29.69% | 30.76% | 31.76% | 31.71% | 31.24% | 31.18% | 31.60% | 31.06% | 30.64% | 29.55% | 28.68% | 28.02% | 26.62% | — | — | — | — | — | — | — | ||||||||
| Micron Technology Inc. | 22.59% | 19.76% | 15.83% | 5.19% | -7.91% | -22.77% | -41.18% | -36.97% | -15.14% | 8.73% | 25.27% | 31.54% | 34.38% | 31.86% | 27.17% | 22.68% | 17.60% | 15.21% | 15.19% | 14.01% | 12.33% | 13.36% | 20.04% | 31.51% | — | — | — | ||||||||
| NVIDIA Corp. | 62.71% | 61.87% | 59.85% | 54.12% | 45.94% | 33.04% | 17.37% | 15.66% | 20.79% | 26.93% | 33.69% | 37.31% | 35.34% | 33.36% | 28.62% | 27.18% | 27.17% | 27.13% | 29.41% | 26.07% | — | — | — | — | — | — | — | ||||||||
| Texas Instruments Inc. | — | 34.89% | 34.29% | 34.94% | 35.78% | 37.03% | 39.78% | 41.85% | 44.03% | 46.54% | 48.77% | 50.63% | 51.84% | 51.52% | 50.55% | 48.84% | 47.02% | 45.19% | 42.73% | 40.76% | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-23), 10-Q (reporting date: 2024-03-24), 10-Q (reporting date: 2023-12-24), 10-K (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-K (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-K (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-K (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29), 10-K (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-30).
1 Q3 2025 Calculation
Operating profit margin = 100
× (Operating incomeQ3 2025
+ Operating incomeQ2 2025
+ Operating incomeQ1 2025
+ Operating incomeQ4 2024)
÷ (RevenuesQ3 2025
+ RevenuesQ2 2025
+ RevenuesQ1 2025
+ RevenuesQ4 2024)
= 100 × (2,762 + 3,120 + 3,555 + 2,582)
÷ (10,365 + 10,979 + 11,669 + 10,245)
= 27.78%
2 Click competitor name to see calculations.
The financial data reveals several notable patterns in operating income, revenues, and operating profit margin over the examined periods.
- Operating Income
- Operating income exhibits significant volatility across the timeline. Initial values are relatively modest, with a strong peak at June 30, 2019 (5,317 million USD), followed by a substantial decline over subsequent quarters. After June 2019, the operating income generally fluctuates within a lower range, with intermittent recoveries such as in September 2020 (3,452 million USD) and December 2021 (3,864 million USD). The later quarters, particularly from December 2022 onwards, show a declining trend with some recovery towards the end of the series, reaching 2,762 million USD by June 29, 2025. Overall, peaks in operating income are followed by sharp decreases, indicating possible cyclical or external influences affecting profitability.
- Revenues
- Revenue figures display a pattern of growth interrupted by periods of plateau and mild decline. Starting from 4,842 million USD in December 2018, revenues jump significantly by June 2019, to 9,635 million USD, mirroring the operating income spike. Post this peak, revenues tend to maintain a generally elevated level compared to the earliest data points, fluctuating mostly between approximately 8,000 and 11,000 million USD. Notable revenue highs include December 2021 and March 2022, exceeding 11,000 million USD. The later quarters show some moderation and slight declines but no drastic drop-off, ending at 10,365 million USD in June 2025. This suggests a relatively stable revenue base despite volatility in operating income.
- Operating Profit Margin
- The operating profit margin data, available starting from September 29, 2019, illustrates overall strong profitability percentages, often above the 25% mark. Margins peak notably between June 2022 and September 2022, reaching above 35%, indicating periods of efficient operations or cost management. Following these peaks, a gradual decline occurs through to December 2023, dropping to around 21.74%, after which there is a gradual recovery trend toward the end of the timeline, reaching approximately 27.78% in June 2025. This reflects fluctuations in cost efficiency relative to revenue and operating income dynamics.
In summary, the data reflects a company experiencing significant variability in operating income with high peaks and troughs, while maintaining relatively stable revenue streams. Profitability as measured by operating margin has been robust with periodic declines and recoveries, suggesting adaptive operational management through different financial cycles.
Net Profit Margin
Qualcomm Inc., net profit margin calculation (quarterly data)
| Jun 29, 2025 | Mar 30, 2025 | Dec 29, 2024 | Sep 29, 2024 | Jun 23, 2024 | Mar 24, 2024 | Dec 24, 2023 | Sep 24, 2023 | Jun 25, 2023 | Mar 26, 2023 | Dec 25, 2022 | Sep 25, 2022 | Jun 26, 2022 | Mar 27, 2022 | Dec 26, 2021 | Sep 26, 2021 | Jun 27, 2021 | Mar 28, 2021 | Dec 27, 2020 | Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 29, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 30, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Net income | 2,666) | 2,812) | 3,180) | 2,920) | 2,129) | 2,326) | 2,767) | 1,490) | 1,803) | 1,704) | 2,235) | 2,873) | 3,730) | 2,934) | 3,399) | 2,799) | 2,027) | 1,762) | 2,455) | 2,960) | 845) | 468) | 925) | 506) | 2,149) | 663) | 1,068) | ||||||||
| Revenues | 10,365) | 10,979) | 11,669) | 10,245) | 9,393) | 9,389) | 9,935) | 8,631) | 8,451) | 9,275) | 9,463) | 11,395) | 10,936) | 11,164) | 10,705) | 9,336) | 8,060) | 7,935) | 8,235) | 8,345) | 4,893) | 5,216) | 5,077) | 4,814) | 9,635) | 4,982) | 4,842) | ||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||||||||
| Net profit margin1 | 26.76% | 26.11% | 25.94% | 26.03% | 23.33% | 23.03% | 21.39% | 20.19% | 22.33% | 25.67% | 27.40% | 29.27% | 30.52% | 28.42% | 27.71% | 26.94% | 28.25% | 27.28% | 25.21% | 22.09% | 13.72% | 16.36% | 17.31% | 18.07% | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | |||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 9.57% | 8.03% | 6.36% | 7.52% | 5.82% | 4.89% | 3.77% | 0.94% | -0.11% | 1.71% | 5.59% | 9.96% | 14.51% | 17.98% | 19.24% | 26.72% | 25.76% | 25.24% | 25.50% | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | 18.85% | 18.65% | 16.75% | 17.35% | 17.07% | 20.45% | 24.34% | 26.94% | 29.23% | 28.16% | 27.27% | 22.88% | 17.00% | 16.84% | 15.18% | 19.00% | 26.15% | 25.16% | 23.99% | 21.79% | 20.14% | 20.05% | 21.06% | 22.75% | — | — | — | ||||||||
| Applied Materials Inc. | 23.88% | 24.06% | 22.95% | 26.41% | 27.74% | 27.56% | 27.03% | 25.86% | 24.27% | 24.36% | 24.57% | 25.31% | 26.42% | 27.20% | 27.10% | 25.53% | 24.54% | 22.35% | 21.19% | 21.04% | 19.58% | 18.89% | 18.83% | 18.52% | — | — | — | ||||||||
| Broadcom Inc. | — | 22.64% | 18.47% | 11.43% | 10.88% | 24.10% | 29.93% | 39.31% | 39.25% | 39.06% | 37.19% | 34.62% | 31.96% | 29.76% | 27.47% | 24.54% | 22.90% | 19.11% | 16.01% | 12.39% | 10.70% | 10.97% | 11.64% | 12.05% | — | — | — | ||||||||
| Intel Corp. | — | -38.64% | -36.19% | -35.32% | -29.42% | 1.77% | 7.36% | 3.11% | -3.11% | -1.71% | -5.06% | 12.71% | 19.13% | 26.03% | 31.68% | 25.14% | 26.89% | 23.91% | 23.93% | 26.84% | — | — | — | — | — | — | — | ||||||||
| KLA Corp. | 31.99% | 29.58% | 28.92% | 28.15% | 27.19% | 27.98% | 30.51% | 32.27% | 33.01% | 33.77% | 33.28% | 36.06% | 36.41% | 36.57% | 36.52% | 30.04% | 28.77% | 22.52% | 21.76% | 20.96% | — | — | — | — | — | — | — | ||||||||
| Lam Research Corp. | 27.19% | 26.49% | 26.02% | 25.68% | 25.35% | 24.15% | 25.08% | 25.88% | 26.08% | 26.91% | 26.96% | 26.73% | 27.13% | 27.78% | 27.07% | 26.72% | 26.07% | 24.85% | 23.60% | 22.42% | — | — | — | — | — | — | — | ||||||||
| Micron Technology Inc. | 18.41% | 14.92% | 13.34% | 3.10% | -7.20% | -20.57% | -42.47% | -37.54% | -16.02% | 6.99% | 22.78% | 28.24% | 30.61% | 28.95% | 24.86% | 21.16% | 16.20% | 13.60% | 13.59% | 12.54% | 11.16% | 11.72% | 17.01% | 26.97% | — | — | — | ||||||||
| NVIDIA Corp. | 55.69% | 55.04% | 53.40% | 48.85% | 42.09% | 31.59% | 18.52% | 16.19% | 20.85% | 26.03% | 32.02% | 36.23% | 33.81% | 32.33% | 27.66% | 25.98% | 25.89% | 25.94% | 28.18% | 25.61% | — | — | — | — | — | — | — | ||||||||
| Texas Instruments Inc. | — | 30.23% | 30.36% | 30.68% | 31.60% | 33.01% | 35.16% | 37.16% | 39.21% | 40.84% | 42.33% | 43.68% | 44.21% | 43.78% | 43.34% | 42.35% | 41.61% | 40.12% | 40.04% | 38.69% | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-23), 10-Q (reporting date: 2024-03-24), 10-Q (reporting date: 2023-12-24), 10-K (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-K (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-K (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-K (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29), 10-K (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-30).
1 Q3 2025 Calculation
Net profit margin = 100
× (Net incomeQ3 2025
+ Net incomeQ2 2025
+ Net incomeQ1 2025
+ Net incomeQ4 2024)
÷ (RevenuesQ3 2025
+ RevenuesQ2 2025
+ RevenuesQ1 2025
+ RevenuesQ4 2024)
= 100 × (2,666 + 2,812 + 3,180 + 2,920)
÷ (10,365 + 10,979 + 11,669 + 10,245)
= 26.76%
2 Click competitor name to see calculations.
The analyzed financial data reveals multiple trends in the company's performance over the indicated quarterly periods.
- Net Income
- Net income exhibits notable volatility across the quarters, with peaks and troughs suggesting variability in profitability. Initial values show moderate figures, followed by several quarters of significant increase, particularly around Sep 29, 2019, and Sep 26, 2021, marking the highest net incomes reported. After these peaks, a decline occurs, often noticeable in subsequent quarters, indicating possible cyclical influences or changing market conditions. Despite fluctuations, there is an overall tendency for net income to reach higher levels in more recent periods compared to earlier ones, demonstrating potential growth in profitability with intermittent dips.
- Revenues
- Revenues generally trend upward over the time span, albeit with some irregularities. Certain quarters, such as Jun 30, 2019, and Sep 27, 2020, show substantial revenue spikes, which might relate to one-time events or increased sales activity during those periods. Following these spikes, revenues stabilize or slightly decrease but maintain a generally higher baseline in later quarters compared to the earlier data points. This suggests an expansion in business operations or product demand over time, notwithstanding occasional short-term fluctuations.
- Net Profit Margin
- The net profit margin demonstrates an improving trend overall, with an observable increase from the earliest available data toward later periods. Early percentages indicate mid-to-high teens, progressing steadily through the twenties and reaching above 26% in the most recent quarters. This enhancement in profit margin signals improving operational efficiency, cost control, or stronger pricing power, contributing to higher profitability relative to revenues.
- Interrelationships
- The data illustrates a correlation between revenue increases and higher net income in several quarters, although net income fluctuations suggest that factors beyond revenue, such as cost management and expense variations, significantly influence profitability. The rising net profit margin supports this view by highlighting better conversion of revenues into net earnings. However, periods with sizable revenue yet comparatively lower net income point to times when costs may have increased or margins compressed.
In summary, the company's financial results over the quarters show growth in revenue and net income with significant quarter-to-quarter variability. An improving net profit margin suggests enhanced profitability and operational performance over time. Nonetheless, the fluctuations highlight the impact of external and internal factors influencing financial outcomes, which should be further investigated to understand underlying drivers fully.
Return on Equity (ROE)
Qualcomm Inc., ROE calculation (quarterly data)
| Jun 29, 2025 | Mar 30, 2025 | Dec 29, 2024 | Sep 29, 2024 | Jun 23, 2024 | Mar 24, 2024 | Dec 24, 2023 | Sep 24, 2023 | Jun 25, 2023 | Mar 26, 2023 | Dec 25, 2022 | Sep 25, 2022 | Jun 26, 2022 | Mar 27, 2022 | Dec 26, 2021 | Sep 26, 2021 | Jun 27, 2021 | Mar 28, 2021 | Dec 27, 2020 | Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 29, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 30, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Net income | 2,666) | 2,812) | 3,180) | 2,920) | 2,129) | 2,326) | 2,767) | 1,490) | 1,803) | 1,704) | 2,235) | 2,873) | 3,730) | 2,934) | 3,399) | 2,799) | 2,027) | 1,762) | 2,455) | 2,960) | 845) | 468) | 925) | 506) | 2,149) | 663) | 1,068) | ||||||||
| Stockholders’ equity | 27,209) | 27,728) | 26,880) | 26,274) | 24,670) | 24,469) | 23,058) | 21,581) | 20,670) | 19,698) | 18,810) | 18,013) | 16,048) | 13,328) | 11,333) | 9,950) | 8,177) | 7,424) | 7,380) | 6,077) | 3,306) | 3,045) | 4,513) | 4,909) | 5,463) | 3,866) | 3,617) | ||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||||||||
| ROE1 | 42.55% | 39.82% | 39.27% | 38.60% | 35.31% | 34.27% | 33.67% | 33.51% | 41.68% | 53.52% | 62.58% | 71.81% | 80.15% | 83.73% | 88.12% | 90.88% | 112.56% | 108.05% | 91.17% | 85.54% | 83.00% | 132.94% | 94.02% | 89.35% | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| ROE, Competitors2 | |||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 4.75% | 3.85% | 2.85% | 3.20% | 2.39% | 1.99% | 1.53% | 0.38% | -0.05% | 0.72% | 2.41% | 4.17% | 5.67% | 6.13% | 42.18% | 55.62% | 48.63% | 44.51% | 42.66% | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | 5.74% | 5.23% | 4.46% | 4.65% | 4.70% | 6.07% | 7.92% | 9.32% | 10.45% | 10.06% | 9.39% | 7.54% | 5.15% | 4.43% | 3.43% | 3.66% | 13.87% | 12.83% | 11.63% | 10.17% | 9.44% | 9.59% | 10.37% | 11.64% | — | — | — | ||||||||
| Applied Materials Inc. | 35.03% | 35.64% | 34.06% | 37.77% | 39.54% | 40.14% | 41.07% | 41.94% | 42.69% | 45.93% | 48.06% | 53.51% | 55.06% | 58.35% | 55.09% | 48.08% | 44.00% | 36.95% | 33.62% | 34.21% | 33.30% | 32.31% | 32.64% | 32.94% | — | — | — | ||||||||
| Broadcom Inc. | — | 18.56% | 14.43% | 8.71% | 7.76% | 14.68% | 16.55% | 58.70% | 63.03% | 62.20% | 54.90% | 50.62% | 48.50% | 42.58% | 34.09% | 26.99% | 24.94% | 20.40% | 16.49% | 12.40% | 10.54% | 10.48% | 10.83% | 10.92% | — | — | — | ||||||||
| Intel Corp. | — | -20.95% | -19.24% | -18.89% | -16.04% | 0.85% | 3.84% | 1.60% | -1.61% | -0.91% | -2.91% | 7.90% | 13.32% | 18.88% | 23.87% | 20.83% | 23.42% | 21.78% | 23.30% | 25.79% | — | — | — | — | — | — | — | ||||||||
| KLA Corp. | 92.27% | 89.51% | 83.33% | 82.00% | 84.34% | 88.92% | 103.76% | 116.01% | 130.76% | 136.01% | 156.01% | 237.04% | 77.19% | 73.76% | 70.61% | 61.53% | 59.60% | 46.59% | 46.99% | 45.65% | — | — | — | — | — | — | — | ||||||||
| Lam Research Corp. | 48.98% | 48.75% | 47.89% | 44.82% | 45.00% | 42.06% | 49.36% | 54.94% | 58.49% | 61.71% | 65.45% | 73.35% | 75.35% | 70.88% | 73.28% | 64.85% | 64.42% | 53.86% | 48.15% | 43.53% | — | — | — | — | — | — | — | ||||||||
| Micron Technology Inc. | 12.27% | 9.61% | 8.30% | 1.72% | -3.48% | -8.59% | -16.02% | -13.22% | -6.41% | 3.41% | 12.55% | 17.41% | 20.12% | 18.86% | 16.04% | 13.34% | 9.77% | 7.86% | 7.51% | 6.89% | 5.98% | 6.20% | 9.62% | 17.59% | — | — | — | ||||||||
| NVIDIA Corp. | 95.71% | 91.15% | 86.68% | 69.24% | 56.78% | 37.54% | 19.55% | 19.76% | 27.90% | 32.45% | 35.93% | 36.65% | 34.49% | 33.48% | 28.37% | 25.64% | 24.95% | 24.36% | 25.34% | 22.91% | — | — | — | — | — | — | — | ||||||||
| Texas Instruments Inc. | — | 30.73% | 29.70% | 28.39% | 28.75% | 30.86% | 34.78% | 38.53% | 42.70% | 48.22% | 54.16% | 60.02% | 61.52% | 60.86% | 58.62% | 58.27% | 60.23% | 60.30% | 60.73% | 60.90% | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-23), 10-Q (reporting date: 2024-03-24), 10-Q (reporting date: 2023-12-24), 10-K (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-K (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-K (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-K (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29), 10-K (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-30).
1 Q3 2025 Calculation
ROE = 100
× (Net incomeQ3 2025
+ Net incomeQ2 2025
+ Net incomeQ1 2025
+ Net incomeQ4 2024)
÷ Stockholders’ equity
= 100 × (2,666 + 2,812 + 3,180 + 2,920)
÷ 27,209 = 42.55%
2 Click competitor name to see calculations.
The net income exhibits considerable volatility across the periods, with values fluctuating significantly from quarter to quarter. Starting at 1,068 million US dollars in December 2018, net income experienced a sharp decline to 663 million in March 2019, followed by a notable increase to 2,149 million in June 2019. Subsequent quarters also show swings in net income, peaking at 3,730 million in June 2022 before declining again to values around the 2,600 to 3,200 million range in the most recent quarters. This pattern reflects periods of strong profitability interspersed with notable decreases, suggesting cyclical or event-driven influences on earnings.
Stockholders’ equity demonstrates a clear upward trend over the entire time frame. Beginning at 3,617 million US dollars in December 2018, equity increases steadily with occasional larger jumps observed, notably between March 2020 and March 2021, where it rose from 3,045 million to 7,424 million, and subsequently continuing this growth to reach a peak near 27,000 million in the later quarters of the dataset. This consistent increase indicates ongoing accumulation of retained earnings, potential capital raises, or asset revaluations contributing to the growth in equity base.
Return on Equity (ROE) displays a declining trend overall, although the metric's early values are missing for several quarters, making initial comparisons limited. Notably, ROE reached very high levels between late 2019 and early 2021, with percentages exceeding 80% and peaking above 132% in one quarter. After this peak, ROE exhibits a gradual decrease across subsequent quarters, tapering down towards the mid-30% to low-40% range in the latest periods. Despite the decrease, ROE remains relatively strong, suggesting continued effective use of equity for generating profits, albeit with reduced intensity compared to the peak periods.
In summary, net income is characterized by high variability with peaks and troughs evident, stockholders’ equity shows robust and consistent growth, and ROE, although initially very elevated, trends downward but maintains a solid performance level. This combination may reflect strategic reinvestments or shifts in capital structure impacting profitability ratios while supporting sustained equity growth.
Return on Assets (ROA)
Qualcomm Inc., ROA calculation (quarterly data)
| Jun 29, 2025 | Mar 30, 2025 | Dec 29, 2024 | Sep 29, 2024 | Jun 23, 2024 | Mar 24, 2024 | Dec 24, 2023 | Sep 24, 2023 | Jun 25, 2023 | Mar 26, 2023 | Dec 25, 2022 | Sep 25, 2022 | Jun 26, 2022 | Mar 27, 2022 | Dec 26, 2021 | Sep 26, 2021 | Jun 27, 2021 | Mar 28, 2021 | Dec 27, 2020 | Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 29, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 30, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Net income | 2,666) | 2,812) | 3,180) | 2,920) | 2,129) | 2,326) | 2,767) | 1,490) | 1,803) | 1,704) | 2,235) | 2,873) | 3,730) | 2,934) | 3,399) | 2,799) | 2,027) | 1,762) | 2,455) | 2,960) | 845) | 468) | 925) | 506) | 2,149) | 663) | 1,068) | ||||||||
| Total assets | 54,862) | 55,372) | 55,575) | 55,154) | 52,741) | 53,167) | 52,135) | 51,040) | 49,002) | 48,362) | 50,014) | 49,014) | 47,020) | 44,302) | 42,820) | 41,240) | 38,769) | 37,168) | 37,479) | 35,594) | 32,328) | 31,938) | 33,111) | 32,957) | 34,133) | 34,023) | 34,246) | ||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||||||||
| ROA1 | 21.10% | 19.94% | 18.99% | 18.39% | 16.52% | 15.77% | 14.89% | 14.17% | 17.58% | 21.80% | 23.54% | 26.39% | 27.35% | 25.19% | 23.32% | 21.93% | 23.74% | 21.58% | 17.95% | 14.60% | 8.49% | 12.67% | 12.81% | 13.31% | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| ROA, Competitors2 | |||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 3.79% | 3.11% | 2.37% | 2.62% | 1.99% | 1.64% | 1.26% | 0.31% | -0.04% | 0.58% | 1.95% | 3.35% | 4.64% | 5.07% | 25.46% | 35.59% | 32.14% | 28.70% | 27.78% | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | 4.06% | 3.87% | 3.26% | 3.39% | 3.41% | 4.38% | 5.82% | 6.79% | 7.60% | 7.32% | 6.83% | 5.46% | 3.75% | 3.23% | 2.50% | 2.66% | 7.86% | 7.23% | 6.56% | 5.69% | 5.15% | 5.21% | 5.67% | 6.37% | — | — | — | ||||||||
| Applied Materials Inc. | 19.97% | 20.09% | 19.03% | 20.86% | 22.14% | 22.86% | 22.69% | 22.31% | 21.19% | 22.31% | 23.07% | 24.41% | 25.40% | 26.54% | 25.76% | 22.80% | 21.68% | 18.40% | 16.55% | 16.19% | 15.05% | 13.37% | 14.30% | 14.22% | — | — | — | ||||||||
| Broadcom Inc. | — | 7.85% | 6.09% | 3.56% | 3.03% | 5.86% | 6.54% | 19.33% | 19.44% | 19.10% | 17.54% | 15.69% | 14.20% | 12.45% | 10.69% | 8.91% | 8.00% | 6.47% | 5.14% | 3.90% | 3.13% | 3.08% | 3.26% | 4.04% | — | — | — | ||||||||
| Intel Corp. | — | -10.65% | -9.99% | -9.55% | -8.25% | 0.47% | 2.11% | 0.88% | -0.87% | -0.50% | -1.54% | 4.40% | 7.61% | 11.21% | 13.96% | 11.80% | 12.56% | 12.00% | 12.35% | 13.65% | — | — | — | — | — | — | — | ||||||||
| KLA Corp. | 24.33% | 21.39% | 18.92% | 17.90% | 17.45% | 18.95% | 21.95% | 24.07% | 25.64% | 25.79% | 24.99% | 26.37% | 26.21% | 25.57% | 24.46% | 20.23% | 18.68% | 13.93% | 13.85% | 13.11% | — | — | — | — | — | — | — | ||||||||
| Lam Research Corp. | 23.33% | 21.64% | 20.77% | 20.42% | 19.75% | 18.41% | 21.43% | 24.02% | 25.55% | 26.68% | 25.91% | 26.78% | 27.37% | 27.51% | 27.40% | 24.59% | 22.64% | 19.28% | 17.33% | 15.47% | — | — | — | — | — | — | — | ||||||||
| Micron Technology Inc. | 7.94% | 6.40% | 5.43% | 1.12% | -2.32% | -5.73% | -10.78% | -9.08% | -4.43% | 2.42% | 9.11% | 13.11% | 15.18% | 14.17% | 12.02% | 9.96% | 7.38% | 5.91% | 5.59% | 5.01% | 4.35% | 4.63% | 7.07% | 12.91% | — | — | — | ||||||||
| NVIDIA Corp. | 65.69% | 62.20% | 55.27% | 45.28% | 34.88% | 20.84% | 10.78% | 10.61% | 14.71% | 17.80% | 20.92% | 22.07% | 20.20% | 18.32% | 17.30% | 15.05% | 14.23% | 13.46% | 14.27% | 16.15% | — | — | — | — | — | — | — | ||||||||
| Texas Instruments Inc. | — | 14.43% | 14.44% | 13.51% | 14.06% | 15.16% | 16.93% | 20.12% | 22.44% | 24.85% | 28.25% | 32.16% | 34.25% | 34.69% | 32.51% | 31.48% | 31.45% | 32.64% | 31.44% | 28.91% | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-23), 10-Q (reporting date: 2024-03-24), 10-Q (reporting date: 2023-12-24), 10-K (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-K (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-K (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-K (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29), 10-K (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-30).
1 Q3 2025 Calculation
ROA = 100
× (Net incomeQ3 2025
+ Net incomeQ2 2025
+ Net incomeQ1 2025
+ Net incomeQ4 2024)
÷ Total assets
= 100 × (2,666 + 2,812 + 3,180 + 2,920)
÷ 54,862 = 21.10%
2 Click competitor name to see calculations.
The quarterly financial data reveals several noteworthy trends in profitability and asset utilization over the observed periods.
- Net Income
- The net income displays significant volatility throughout the quarters. Initial values in late 2018 and early 2019 fluctuate, starting at approximately 1,068 million USD and dipping to 468 million USD. Mid-2019 sees a notable spike reaching 2,960 million USD in the third quarter, followed by continued strong performance with peaks above 2,500 million USD into 2021. After 2021, net income showed further growth, peaking around 3,730 million USD in mid-2022. However, subsequent quarters reveal a general declining trend, particularly after late 2022, with net income decreasing to around 1,490 million USD by the third quarter of 2023. In the most recent quarters, the net income recovers moderately again, stabilizing near 2,800 million USD through mid-2025.
- Total Assets
- Total assets reveal a steady upward trajectory over the entire span. Beginning at approximately 34,246 million USD in late 2018, assets experience gradual growth with minor fluctuations through early 2020. From mid-2020 onward, assets show a more pronounced increase, surpassing 40,000 million USD by late 2021 and continuing to grow to a peak of about 55,575 million USD in early 2025. After early 2025, a slight reduction occurs, ending near 54,862 million USD toward mid-2025. This upward movement indicates ongoing asset expansion, possibly reflecting investments or acquisitions contributing to the company's growth of its asset base.
- Return on Assets (ROA)
- ROA, calculated as a percentage, presents data starting from mid-2019. The second half of 2019 shows figures between approximately 8.5% and 13.3%. A marked improvement is evident starting in late 2019 through 2021, with ROA progressively increasing and peaking at over 27% in mid-2022. Post-peak, ROA experiences a moderate decline but remains relatively robust, fluctuating between approximately 14% and 19% from late 2022 through mid-2025. Notably, the ROA trend mirrors the fluctuations in net income but manages to sustain a relatively high level compared to earlier years, suggesting improved efficiency in asset use to generate profits despite net income volatility.
Overall, the data suggests that while net income has been subject to considerable fluctuations including some significant peaks and troughs, total assets have expanded consistently, indicating asset growth strategies. The ROA improvement, especially the high values observed during 2021 and 2022, reflects enhanced operational efficiency and profitability relative to the asset base during that period. The recent moderation in both net income and ROA calls for attention to the factors influencing profitability amid asset growth. The ability to maintain relatively strong ROA percentages despite income volatility highlights a degree of resilience in asset utilization.