Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
ConocoPhillips, profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-09-30), 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).
- Operating Profit Margin
- The operating profit margin displayed a notable upward trend from the first quarter of 2021 through late 2022, increasing from 4.66% to a peak of about 37.27%. After reaching this peak, the margin began a gradual decline through 2023 and into 2025, falling to 24.14% by the third quarter of 2025. This pattern indicates a phase of strengthening operational efficiency or favorable market conditions, followed by a period of contraction or increasing operational costs.
- Net Profit Margin
- The net profit margin followed a similar pattern to the operating margin but at lower percentage values. It increased significantly from virtually zero in early 2021 to a peak near 24.34% in mid-2022. Following this peak, the margin experienced a steady, moderate decline, reaching 14.81% by late 2025. This reflects an improvement in overall profitability, including after-tax earnings, followed by a contraction consistent with the trend in operating profit margin.
- Return on Equity (ROE)
- Return on equity showed a pronounced growth from a minimal 0.05% early in 2021 to a high of 38.91% by the end of 2022. Subsequently, this indicator decreased considerably, descending to 13.63% by the third quarter of 2025. The ROE trend suggests that shareholder value creation was strong during the initial years, but profitability relative to equity diminished noticeably over the latter period.
- Return on Assets (ROA)
- Return on assets also increased between early 2021 and late 2022, climbing from 0.02% to about 19.91%. After this peak, ROA declined steadily to around 7.23% by the third quarter of 2025. This decline reveals a reduction in asset efficiency in generating profit over time, aligning with the downward trend observed in other profitability metrics.
- Overall Analysis
- The profitability metrics collectively indicate a strong growth phase through 2021 and 2022, likely driven by improved operational performance and market conditions. However, from late 2022 onwards, all key profitability ratios exhibit a consistent decline, suggesting emerging challenges such as increased costs, competitive pressures, or changing market dynamics affecting profit generation and asset utilization. The sustained level of profitability despite declines remains relatively robust compared to earlier years, but the downward trajectory warrants attention for strategic adjustments.
Return on Sales
Return on Investment
Operating Profit Margin
ConocoPhillips, operating profit margin calculation (quarterly data)
| Sep 30, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||
| Operating income (loss) | 3,145) | 3,246) | 4,707) | 3,337) | 3,394) | 3,864) | 3,991) | 4,585) | 4,357) | 3,504) | 4,716) | 5,451) | 7,550) | 7,882) | 8,003) | 4,538) | 3,808) | 3,347) | 1,983) | ||||||
| Sales and other operating revenues | 15,031) | 14,004) | 16,517) | 14,236) | 13,041) | 13,620) | 13,848) | 14,729) | 14,250) | 12,351) | 14,811) | 18,558) | 21,013) | 21,161) | 17,762) | 15,120) | 11,326) | 9,556) | 9,826) | ||||||
| Profitability Ratio | |||||||||||||||||||||||||
| Operating profit margin1 | 24.14% | 25.41% | 26.65% | 26.64% | 28.67% | 29.76% | 29.79% | 30.57% | 30.06% | 31.80% | 33.89% | 36.80% | 37.27% | 37.07% | 36.63% | 29.84% | 22.86% | 14.26% | 4.66% | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | |||||||||||||||||||||||||
| Chevron Corp. | 12.02% | 12.42% | 13.48% | 14.63% | 13.22% | 14.15% | 14.73% | 15.37% | 18.06% | 19.98% | 21.92% | 21.42% | 21.03% | 19.86% | 16.73% | 14.81% | 11.53% | 6.49% | -7.90% | ||||||
| Exxon Mobil Corp. | 13.58% | 14.05% | 14.50% | 14.74% | 14.99% | 15.19% | 15.03% | 16.24% | 17.15% | 19.54% | 21.37% | 19.07% | 18.60% | 15.93% | 12.25% | 11.91% | -2.07% | -6.88% | -12.46% | ||||||
Based on: 10-Q (reporting date: 2025-09-30), 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).
1 Q3 2025 Calculation
Operating profit margin = 100
× (Operating income (loss)Q3 2025
+ Operating income (loss)Q2 2025
+ Operating income (loss)Q1 2025
+ Operating income (loss)Q4 2024)
÷ (Sales and other operating revenuesQ3 2025
+ Sales and other operating revenuesQ2 2025
+ Sales and other operating revenuesQ1 2025
+ Sales and other operating revenuesQ4 2024)
= 100 × (3,145 + 3,246 + 4,707 + 3,337)
÷ (15,031 + 14,004 + 16,517 + 14,236)
= 24.14%
2 Click competitor name to see calculations.
- Operating Income (Loss)
- The operating income exhibited a general upward trend from early 2021 through 2022, peaking in the first quarter of 2022 at 8,003 million US dollars. After this peak, a decline is observed in the subsequent quarters, with the lowest values appearing in mid to late 2023. The figures somewhat recover toward the end of 2024 and early 2025 but do not reach the peak levels seen in early 2022.
- Sales and Other Operating Revenues
- Sales and other operating revenues increased steadily from March 2021 through mid-2022, reaching a maximum of 21,161 million US dollars in the second quarter of 2022. Following this, revenues declined until early 2023, then fluctuated with minor increases and decreases through 2024 and into early 2025, without regaining the previous peak levels.
- Operating Profit Margin
- The operating profit margin started relatively low in early 2021 at 4.66%, then rapidly increased through 2021 and peaked around mid-2022 at approximately 37%. Post mid-2022, a gradual decline is noted, with margins decreasing to around 24% by the third quarter of 2025. Despite the decline, the margins maintain a level that is higher compared with the early 2021 figure.
- Overall Analysis
- The data indicates that the company experienced strong growth in both revenues and operating income throughout 2021 and the first half of 2022, accompanied by a rising operating profit margin. This suggests an improvement in operational efficiency or favorable market conditions during that period. After mid-2022, the decline in operating income and profit margins, despite occasional rebounds in revenues, points toward increased costs, market challenges, or reduced operational effectiveness. The operating profit margin’s sustained level above early 2021 figures indicates some retention of profitability, although at a decreased level compared to the peak. The fluctuations in sales and operating income in the latter periods highlight a more volatile operational environment.
Net Profit Margin
ConocoPhillips, net profit margin calculation (quarterly data)
| Sep 30, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||
| Net income (loss) attributable to ConocoPhillips | 1,726) | 1,971) | 2,849) | 2,306) | 2,059) | 2,329) | 2,551) | 3,007) | 2,798) | 2,232) | 2,920) | 3,249) | 4,527) | 5,145) | 5,759) | 2,627) | 2,379) | 2,091) | 982) | ||||||
| Sales and other operating revenues | 15,031) | 14,004) | 16,517) | 14,236) | 13,041) | 13,620) | 13,848) | 14,729) | 14,250) | 12,351) | 14,811) | 18,558) | 21,013) | 21,161) | 17,762) | 15,120) | 11,326) | 9,556) | 9,826) | ||||||
| Profitability Ratio | |||||||||||||||||||||||||
| Net profit margin1 | 14.81% | 15.89% | 16.62% | 16.89% | 18.01% | 18.93% | 19.19% | 19.52% | 18.67% | 19.37% | 20.97% | 23.80% | 24.06% | 24.34% | 23.91% | 17.63% | 12.93% | 6.33% | 0.09% | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | |||||||||||||||||||||||||
| Chevron Corp. | 6.83% | 7.31% | 8.12% | 9.13% | 8.60% | 9.50% | 10.43% | 10.85% | 12.57% | 14.09% | 15.41% | 15.05% | 15.05% | 14.09% | 11.60% | 10.04% | 7.36% | 3.09% | -8.10% | ||||||
| Exxon Mobil Corp. | 9.22% | 9.42% | 9.76% | 9.93% | 9.92% | 10.03% | 9.90% | 10.76% | 11.01% | 13.38% | 14.87% | 13.23% | 13.41% | 11.06% | 8.40% | 8.33% | -2.45% | -6.21% | -10.55% | ||||||
Based on: 10-Q (reporting date: 2025-09-30), 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).
1 Q3 2025 Calculation
Net profit margin = 100
× (Net income (loss) attributable to ConocoPhillipsQ3 2025
+ Net income (loss) attributable to ConocoPhillipsQ2 2025
+ Net income (loss) attributable to ConocoPhillipsQ1 2025
+ Net income (loss) attributable to ConocoPhillipsQ4 2024)
÷ (Sales and other operating revenuesQ3 2025
+ Sales and other operating revenuesQ2 2025
+ Sales and other operating revenuesQ1 2025
+ Sales and other operating revenuesQ4 2024)
= 100 × (1,726 + 1,971 + 2,849 + 2,306)
÷ (15,031 + 14,004 + 16,517 + 14,236)
= 14.81%
2 Click competitor name to see calculations.
The analysis of recent quarterly financial data reveals several notable trends in profitability and revenue generation.
- Net Income (Loss) Attributable to ConocoPhillips
- Net income demonstrated considerable volatility across the analyzed periods. Initial quarters in 2021 showed a generally increasing trend, peaking in the first quarter of 2022. Subsequently, net income declined throughout the end of 2022, reaching a low point in the first half of 2023. Thereafter, income exhibited modest recovery until the end of 2024, followed by another downward trajectory into 2025. The fluctuations indicate sensitivity to market or operational changes affecting profitability.
- Sales and Other Operating Revenues
- Revenue figures followed an overall upward trend through much of 2021 and 2022, reaching their highest level in the middle of 2022. However, there was a discernible decline starting late 2022 into early 2023, followed by a pattern of moderate recovery and slight downward adjustments moving into 2025. The variability in revenue parallels some of the fluctuations seen in net income but also suggests external factors impacting sales volume or pricing.
- Net Profit Margin (%)
- The net profit margin improved significantly during 2021, reaching a peak in early 2022. Following this peak, margins displayed a gradual declining trend through 2023 and continuing steadily downward into 2025, decreasing from over 24% to below 15%. This trend indicates rising costs or diminishing efficiency relative to sales, which may have contributed to the observed net income volatility despite revenue levels maintaining some strength.
Overall, the company experienced a period of strong financial performance culminating in early 2022, followed by pressures leading to declining profitability margins and net income. Revenue variations suggest fluctuating market conditions. The downward trends in profitability ratios highlight potential challenges in cost management or pricing power in recent quarters.
Return on Equity (ROE)
ConocoPhillips, ROE calculation (quarterly data)
| Sep 30, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||
| Net income (loss) attributable to ConocoPhillips | 1,726) | 1,971) | 2,849) | 2,306) | 2,059) | 2,329) | 2,551) | 3,007) | 2,798) | 2,232) | 2,920) | 3,249) | 4,527) | 5,145) | 5,759) | 2,627) | 2,379) | 2,091) | 982) | ||||||
| Common stockholders’ equity | 64,923) | 65,572) | 65,238) | 64,796) | 49,881) | 49,745) | 49,325) | 49,279) | 47,745) | 47,531) | 47,783) | 48,003) | 49,079) | 50,202) | 49,218) | 45,406) | 44,115) | 44,276) | 43,155) | ||||||
| Profitability Ratio | |||||||||||||||||||||||||
| ROE1 | 13.63% | 14.01% | 14.63% | 14.27% | 19.94% | 21.48% | 21.47% | 22.23% | 23.46% | 27.20% | 33.15% | 38.91% | 36.79% | 31.69% | 26.12% | 17.79% | 10.61% | 4.18% | 0.05% | ||||||
| Benchmarks | |||||||||||||||||||||||||
| ROE, Competitors2 | |||||||||||||||||||||||||
| Chevron Corp. | 6.73% | 9.37% | 10.49% | 11.59% | 10.68% | 11.76% | 12.64% | 13.28% | 15.41% | 19.05% | 22.44% | 22.27% | 21.53% | 18.92% | 14.02% | 11.24% | 7.29% | 2.69% | -5.89% | ||||||
| Exxon Mobil Corp. | 11.50% | 11.81% | 12.63% | 12.77% | 12.55% | 12.73% | 15.98% | 17.58% | 19.09% | 24.48% | 29.54% | 27.04% | 27.87% | 21.97% | 15.24% | 13.67% | -3.67% | -8.41% | -12.17% | ||||||
Based on: 10-Q (reporting date: 2025-09-30), 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).
1 Q3 2025 Calculation
ROE = 100
× (Net income (loss) attributable to ConocoPhillipsQ3 2025
+ Net income (loss) attributable to ConocoPhillipsQ2 2025
+ Net income (loss) attributable to ConocoPhillipsQ1 2025
+ Net income (loss) attributable to ConocoPhillipsQ4 2024)
÷ Common stockholders’ equity
= 100 × (1,726 + 1,971 + 2,849 + 2,306)
÷ 64,923 = 13.63%
2 Click competitor name to see calculations.
- Net Income (Loss) Attributable to ConocoPhillips
- The net income exhibits a fluctuating trend over the periods analyzed. Starting from modest net income figures in early 2021, there is a marked increase reaching a peak in the first quarter of 2022. Following this peak, net income demonstrates a general declining pattern with occasional minor rebounds, notably in the fourth quarter of 2023 and at the end of 2024. Despite fluctuations, the later periods from the first quarter of 2024 to the third quarter of 2025 show a downward trend in net income.
- Common Stockholders’ Equity
- Common stockholders’ equity generally trends upward over the observed periods with some irregularities. From early 2021 to the first quarter of 2024, equity steadily increases with minor declines observed intermittently. A significant increase occurs around the fourth quarter of 2024, with equity levels notably higher than earlier periods and maintaining elevated values through mid-2025, indicating enhanced capital or retained earnings in those later periods.
- Return on Equity (ROE)
- Return on equity shows a strong upward trajectory from minimal values at the beginning of 2021 to a substantial peak in late 2022. This suggests increasing profitability relative to stockholders' equity during that phase. Post-peak, ROE declines steadily through 2023 and into 2025, albeit maintaining positive levels. The reduced ROE in later periods reflects a moderation in profitability efficiency despite the rising equity base.
- Overall Financial Trends and Insights
- The data indicates a period of growth in profitability early on, with peak performance around late 2021 through 2022, followed by a period of waning net income and declining ROE, even as stockholders' equity increases. This divergence suggests that although the company's equity base is expanding, the returns generated on that equity face pressure, possibly due to market conditions, operational factors, or strategic investment impacts. The declining net income paired with increasing equity and decreasing ROE points to a need for evaluation of capital efficiency and profitability management in the later periods.
Return on Assets (ROA)
ConocoPhillips, ROA calculation (quarterly data)
| Sep 30, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||
| Net income (loss) attributable to ConocoPhillips | 1,726) | 1,971) | 2,849) | 2,306) | 2,059) | 2,329) | 2,551) | 3,007) | 2,798) | 2,232) | 2,920) | 3,249) | 4,527) | 5,145) | 5,759) | 2,627) | 2,379) | 2,091) | 982) | ||||||
| Total assets | 122,472) | 122,599) | 124,254) | 122,780) | 96,699) | 95,994) | 95,348) | 95,924) | 93,651) | 89,605) | 91,441) | 93,829) | 94,837) | 93,693) | 93,308) | 90,661) | 87,304) | 85,403) | 83,693) | ||||||
| Profitability Ratio | |||||||||||||||||||||||||
| ROA1 | 7.23% | 7.49% | 7.68% | 7.53% | 10.29% | 11.13% | 11.10% | 11.42% | 11.96% | 14.43% | 17.32% | 19.91% | 19.04% | 16.98% | 13.78% | 8.91% | 5.36% | 2.17% | 0.02% | ||||||
| Benchmarks | |||||||||||||||||||||||||
| ROA, Competitors2 | |||||||||||||||||||||||||
| Chevron Corp. | 3.91% | 5.47% | 6.11% | 6.87% | 6.43% | 7.18% | 7.76% | 8.17% | 9.65% | 11.98% | 13.98% | 13.76% | 13.15% | 11.26% | 8.23% | 6.52% | 4.13% | 1.48% | -3.21% | ||||||
| Exxon Mobil Corp. | 6.59% | 6.93% | 7.34% | 7.43% | 7.30% | 7.41% | 8.68% | 9.57% | 10.24% | 13.41% | 15.89% | 14.29% | 14.01% | 10.59% | 7.27% | 6.80% | -1.75% | -3.95% | -5.72% | ||||||
Based on: 10-Q (reporting date: 2025-09-30), 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).
1 Q3 2025 Calculation
ROA = 100
× (Net income (loss) attributable to ConocoPhillipsQ3 2025
+ Net income (loss) attributable to ConocoPhillipsQ2 2025
+ Net income (loss) attributable to ConocoPhillipsQ1 2025
+ Net income (loss) attributable to ConocoPhillipsQ4 2024)
÷ Total assets
= 100 × (1,726 + 1,971 + 2,849 + 2,306)
÷ 122,472 = 7.23%
2 Click competitor name to see calculations.
The financial data reveals notable fluctuations and trends in key performance indicators over the analyzed periods. The net income attributable to the company exhibits significant variability with distinct phases of growth and contraction. Initially, the net income showed an upward trajectory, peaking around early 2022, followed by a general downward trend with some intermittent recoveries in the subsequent quarters through 2025.
Total assets demonstrate a steady increase over the entire timeframe, reflecting consistent asset growth. This growth accelerates notably after 2023, where there is a considerable jump in asset values, indicating potential investments or asset acquisitions during this period. The asset base remains relatively stable towards the end of the period analyzed, suggesting consolidation or a balanced asset management approach.
Return on Assets (ROA) percentage exhibits a pattern of rising profitability from the early periods through to approximately the end of 2022, reaching a peak above 19%. Subsequently, there is a gradual decline in ROA, stabilizing in the range of 7% to 11% from 2023 onwards. This decline could imply decreasing efficiency in asset utilization or the impact of lower net income relative to the growing asset base.
- Net Income (Loss) Trends
- Strong growth was observed up to early 2022, with net income peaking at 5759 million US$. Following this peak, profits decreased with some quarters showing modest recoveries but generally trending down to 1726 million US$ by late 2025, highlighting earnings pressure or increased costs over time.
- Total Assets Trends
- Total assets increased steadily from approximately 83.7 billion US$ in early 2021 to a peak of around 124.3 billion US$ in mid-2025. The significant jump after 2023 suggests strategic expansion or acquisition efforts that bolstered the asset base substantially.
- Return on Assets (ROA) Dynamics
- ROA improved sharply from near zero to nearly 20% through 2021 into 2022, reflecting enhanced profitability relative to assets. However, after reaching its peak, ROA decreased progressively and stabilized at a lower level of about 7% to 11% from 2023 onwards. This decline signals relatively weaker returns on assets, possibly influenced by the drop in net income combined with an expanded asset base.
Overall, the company exhibited strong earnings growth and asset accumulation in the early part of the period, followed by a phase of earnings decline and asset base expansion that led to lower returns on assets. This pattern may indicate strategic investments that have yet to translate fully into proportional income gains, suggesting a potential focus on long-term growth or structural changes affecting profitability ratios.