Decomposing ROE involves expressing net income divided by shareholders’ equity as the product of component ratios.

Two-Component Disaggregation of ROE
Three-Component Disaggregation of ROE
Five-Component Disaggregation of ROE
Two-Component Disaggregation of ROA
Four-Component Disaggregation of ROA
Disaggregation of Net Profit Margin

Exxon Mobil Corp., decomposition of ROE (quarterly data)

	=	×

Sep 30, 2019	=	×
Jun 30, 2019	=	×
Mar 31, 2019	=	×
Dec 31, 2018	=	×
Sep 30, 2018	=	×
Jun 30, 2018	=	×
Mar 31, 2018	=	×
Dec 31, 2017	=	×
Sep 30, 2017	=	×
Jun 30, 2017	=	×
Mar 31, 2017	=	×
Dec 31, 2016	=	×
Sep 30, 2016	=	×
Jun 30, 2016	=	×
Mar 31, 2016	=	×
Dec 31, 2015	=	×
Sep 30, 2015	=	×
Jun 30, 2015	=	×
Mar 31, 2015	=	×
Dec 31, 2014	=	×
Sep 30, 2014	=	×
Jun 30, 2014	=	×
Mar 31, 2014	=	×

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2019 is the decrease in profitability measured by return on assets ratio (ROA).

Exxon Mobil Corp., decomposition of ROE (quarterly data)

	=	×	×

Sep 30, 2019	=	×	×
Jun 30, 2019	=	×	×
Mar 31, 2019	=	×	×
Dec 31, 2018	=	×	×
Sep 30, 2018	=	×	×
Jun 30, 2018	=	×	×
Mar 31, 2018	=	×	×
Dec 31, 2017	=	×	×
Sep 30, 2017	=	×	×
Jun 30, 2017	=	×	×
Mar 31, 2017	=	×	×
Dec 31, 2016	=	×	×
Sep 30, 2016	=	×	×
Jun 30, 2016	=	×	×
Mar 31, 2016	=	×	×
Dec 31, 2015	=	×	×
Sep 30, 2015	=	×	×
Jun 30, 2015	=	×	×
Mar 31, 2015	=	×	×
Dec 31, 2014	=	×	×
Sep 30, 2014	=	×	×
Jun 30, 2014	=	×	×
Mar 31, 2014	=	×	×

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2019 is the decrease in profitability measured by net profit margin ratio.

Exxon Mobil Corp., decomposition of ROE (quarterly data)

	=	×	×	×	×

Sep 30, 2019	=	×	×	×	×
Jun 30, 2019	=	×	×	×	×
Mar 31, 2019	=	×	×	×	×
Dec 31, 2018	=	×	×	×	×
Sep 30, 2018	=	×	×	×	×
Jun 30, 2018	=	×	×	×	×
Mar 31, 2018	=	×	×	×	×
Dec 31, 2017	=	×	×	×	×
Sep 30, 2017	=	×	×	×	×
Jun 30, 2017	=	×	×	×	×
Mar 31, 2017	=	×	×	×	×
Dec 31, 2016	=	×	×	×	×
Sep 30, 2016	=	×	×	×	×
Jun 30, 2016	=	×	×	×	×
Mar 31, 2016	=	×	×	×	×
Dec 31, 2015	=	×	×	×	×
Sep 30, 2015	=	×	×	×	×
Jun 30, 2015	=	×	×	×	×
Mar 31, 2015	=	×	×	×	×
Dec 31, 2014	=	×	×	×	×
Sep 30, 2014	=	×	×	×	×
Jun 30, 2014	=	×	×	×	×
Mar 31, 2014	=	×	×	×	×

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2019 is the decrease in operating profitability measured by EBIT margin ratio.

Exxon Mobil Corp., decomposition of ROA (quarterly data)

	=	×

Sep 30, 2019	=	×
Jun 30, 2019	=	×
Mar 31, 2019	=	×
Dec 31, 2018	=	×
Sep 30, 2018	=	×
Jun 30, 2018	=	×
Mar 31, 2018	=	×
Dec 31, 2017	=	×
Sep 30, 2017	=	×
Jun 30, 2017	=	×
Mar 31, 2017	=	×
Dec 31, 2016	=	×
Sep 30, 2016	=	×
Jun 30, 2016	=	×
Mar 31, 2016	=	×
Dec 31, 2015	=	×
Sep 30, 2015	=	×
Jun 30, 2015	=	×
Mar 31, 2015	=	×
Dec 31, 2014	=	×
Sep 30, 2014	=	×
Jun 30, 2014	=	×
Mar 31, 2014	=	×

The primary reason for the decrease in return on assets ratio (ROA) over Q3 2019 is the decrease in profitability measured by net profit margin ratio.

Exxon Mobil Corp., decomposition of ROA (quarterly data)

	=	×	×	×

Sep 30, 2019	=	×	×	×
Jun 30, 2019	=	×	×	×
Mar 31, 2019	=	×	×	×
Dec 31, 2018	=	×	×	×
Sep 30, 2018	=	×	×	×
Jun 30, 2018	=	×	×	×
Mar 31, 2018	=	×	×	×
Dec 31, 2017	=	×	×	×
Sep 30, 2017	=	×	×	×
Jun 30, 2017	=	×	×	×
Mar 31, 2017	=	×	×	×
Dec 31, 2016	=	×	×	×
Sep 30, 2016	=	×	×	×
Jun 30, 2016	=	×	×	×
Mar 31, 2016	=	×	×	×
Dec 31, 2015	=	×	×	×
Sep 30, 2015	=	×	×	×
Jun 30, 2015	=	×	×	×
Mar 31, 2015	=	×	×	×
Dec 31, 2014	=	×	×	×
Sep 30, 2014	=	×	×	×
Jun 30, 2014	=	×	×	×
Mar 31, 2014	=	×	×	×

The primary reason for the decrease in return on assets ratio (ROA) over Q3 2019 is the decrease in operating profitability measured by EBIT margin ratio.

Exxon Mobil Corp., decomposition of net profit margin ratio (quarterly data)

	=	×	×

Sep 30, 2019	=	×	×
Jun 30, 2019	=	×	×
Mar 31, 2019	=	×	×
Dec 31, 2018	=	×	×
Sep 30, 2018	=	×	×
Jun 30, 2018	=	×	×
Mar 31, 2018	=	×	×
Dec 31, 2017	=	×	×
Sep 30, 2017	=	×	×
Jun 30, 2017	=	×	×
Mar 31, 2017	=	×	×
Dec 31, 2016	=	×	×
Sep 30, 2016	=	×	×
Jun 30, 2016	=	×	×
Mar 31, 2016	=	×	×
Dec 31, 2015	=	×	×
Sep 30, 2015	=	×	×
Jun 30, 2015	=	×	×
Mar 31, 2015	=	×	×
Dec 31, 2014	=	×	×
Sep 30, 2014	=	×	×
Jun 30, 2014	=	×	×
Mar 31, 2014	=	×	×

The primary reason for the decrease in net profit margin ratio over Q3 2019 is the decrease in operating profitability measured by EBIT margin ratio.

	Exxon Mobil Corp.	Other companies (not purchased previously)
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Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
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Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality

Exxon Mobil Corp. (XOM)

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
Quarterly Data

Two-Component Disaggregation of ROE

Three-Component Disaggregation of ROE

Five-Component Disaggregation of ROE

Two-Component Disaggregation of ROA

Four-Component Disaggregation of ROA

Disaggregation of Net Profit Margin

Exxon Mobil Corp. (XOM)

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit MarginQuarterly Data

Two-Component Disaggregation of ROE

Three-Component Disaggregation of ROE

Five-Component Disaggregation of ROE

Two-Component Disaggregation of ROA

Four-Component Disaggregation of ROA

Disaggregation of Net Profit Margin

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
Quarterly Data