Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Exxon Mobil Corp., 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 showed a significant recovery from negative figures in early 2021, starting at -12.46% in the first quarter and gradually improving each quarter. By the end of 2021, the margin turned positive, reaching 11.91%. Throughout 2022, the margin continued to increase, peaking at 19.07% in the last quarter. In 2023, the margin remained strong but experienced a slight downward trend from 21.37% in Q1 to 16.24% by Q4. This marginal decline continued into 2024 and 2025, stabilizing around the mid-teens, ending at 13.58% in Q3 2025.
- Net Profit Margin
- Similar to the operating profit margin, the net profit margin improved significantly over the observed period. It began at -10.55% in Q1 2021 and transitioned to positive territory by Q4 2021 at 8.33%. Net profit margin increased steadily throughout 2022, peaking in mid-2022 at 13.41%, and then saw some fluctuations but generally maintained levels above 10% during 2023. From 2024 onwards, the net margin experienced a slight decline, ending at 9.22% by Q3 2025, indicating a modest erosion in profitability but sustained positive returns.
- Return on Equity (ROE)
- ROE mirrored the improvements seen in margins, with a rise from a deeply negative -12.17% in Q1 2021 to strong positive values by the end of that year, reaching 13.67%. Thereafter, ROE continued to climb sharply, hitting a high of 29.54% in Q1 2023. This peak was followed by a consistent decline through 2023 and into 2024, stabilizing somewhat around the low to mid-teens in 2024 and early 2025, with a slight downward trend ultimately leading to an 11.5% ROE in Q3 2025. The pattern suggests heightened profitability that normalized after a peak period.
- Return on Assets (ROA)
- ROA followed a trend similar to other profitability metrics. Starting from a negative -5.72% in Q1 2021, it improved steadily, becoming positive by the end of 2021 at 6.8%. ROA then saw continued growth through 2022 and peaked at 15.89% in Q1 2023. After this, the ratio declined gradually through 2023 and 2024, settling around 7% by early 2025 with a slight decrease to 6.59% in Q3 2025. This trajectory indicates improved asset utilization capacity initially, which tapered as overall profitability metrics stabilized at more moderate levels.
Return on Sales
Return on Investment
Operating Profit Margin
Exxon Mobil Corp., 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) | 11,141) | 10,940) | 11,918) | 10,141) | 13,266) | 13,970) | 12,613) | 11,114) | 14,034) | 12,069) | 17,129) | 16,149) | 25,785) | 25,247) | 8,852) | 12,050) | 9,966) | 6,723) | 4,228) | ||||||
| Sales and other operating revenue | 83,331) | 79,477) | 81,058) | 81,058) | 87,792) | 89,986) | 80,411) | 81,688) | 88,570) | 80,795) | 83,644) | 93,164) | 106,512) | 111,265) | 87,734) | 81,305) | 71,892) | 65,943) | 57,552) | ||||||
| Profitability Ratio | |||||||||||||||||||||||||
| Operating profit margin1 | 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% | ||||||
| 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% | ||||||
| ConocoPhillips | 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% | ||||||
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 revenueQ3 2025
+ Sales and other operating revenueQ2 2025
+ Sales and other operating revenueQ1 2025
+ Sales and other operating revenueQ4 2024)
= 100 × (11,141 + 10,940 + 11,918 + 10,141)
÷ (83,331 + 79,477 + 81,058 + 81,058)
= 13.58%
2 Click competitor name to see calculations.
- Operating Income (Loss)
- The operating income demonstrates significant volatility across the reported quarters. Initially, there is a rising trend from approximately 4.2 billion to 12 billion US dollars during 2021, peaking notably in the third quarter of 2022 with over 25 billion US dollars. Following this peak, the income generally decreases, fluctuating between around 10 billion and 14 billion US dollars through 2023 and 2024, with a modest decline observed into 2025, settling slightly above 11 billion US dollars by the last quarter.
- Sales and Other Operating Revenue
- Sales revenue increased steadily from about 57.5 billion US dollars in early 2021 to a peak exceeding 111 billion US dollars in mid-2022. Subsequent quarters to the end of 2025 reveal a downward correction and stabilization, with revenues hovering roughly between 79 billion and 90 billion US dollars. The revenue trend suggests a peak phase in 2022, followed by a retreat to lower but relatively stable levels thereafter.
- Operating Profit Margin
- The operating profit margin experienced a sharp turnaround from negative values early in the timeline to positive margins by the end of 2021. From a low near -12.5% in the first quarter of 2021, the margin progresses consistently to surpass 19% in late 2022. Although the margin slightly declines after that, it remains robust, maintaining levels above 13% through 2025. This indicates improved operational efficiency or pricing power despite the revenue contraction post-peak.
- Summary of Trends and Insights
- The organization's financial performance reflects a recovery and growth period culminating in strong financial results around mid-2022. The peak operating income and revenue correlate with elevated profit margins, supporting strong profitability. Post-peak, the financial figures suggest a normalization phase, with reduced revenues yet maintaining healthy margin levels, indicating control over costs or operational improvements. The less pronounced fluctuation in operating income and margins in later periods suggests a stabilization trend. Overall, the data points to a cycle of growth followed by consolidation, with underlying operational efficiency sustained over time.
Net Profit Margin
Exxon Mobil Corp., 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 ExxonMobil | 7,548) | 7,082) | 7,713) | 7,610) | 8,610) | 9,240) | 8,220) | 7,630) | 9,070) | 7,880) | 11,430) | 9,750) | 19,660) | 17,850) | 5,480) | 8,870) | 6,750) | 4,690) | 2,730) | ||||||
| Sales and other operating revenue | 83,331) | 79,477) | 81,058) | 81,058) | 87,792) | 89,986) | 80,411) | 81,688) | 88,570) | 80,795) | 83,644) | 93,164) | 106,512) | 111,265) | 87,734) | 81,305) | 71,892) | 65,943) | 57,552) | ||||||
| Profitability Ratio | |||||||||||||||||||||||||
| Net profit margin1 | 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% | ||||||
| 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% | ||||||
| ConocoPhillips | 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% | ||||||
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 ExxonMobilQ3 2025
+ Net income (loss) attributable to ExxonMobilQ2 2025
+ Net income (loss) attributable to ExxonMobilQ1 2025
+ Net income (loss) attributable to ExxonMobilQ4 2024)
÷ (Sales and other operating revenueQ3 2025
+ Sales and other operating revenueQ2 2025
+ Sales and other operating revenueQ1 2025
+ Sales and other operating revenueQ4 2024)
= 100 × (7,548 + 7,082 + 7,713 + 7,610)
÷ (83,331 + 79,477 + 81,058 + 81,058)
= 9.22%
2 Click competitor name to see calculations.
The financial data reveals several notable trends over the analyzed periods. Net income attributable to the company demonstrates significant fluctuations, with values rising markedly during mid-2022, reaching a peak in the third quarter of 2022 before declining notably by the end of 2022. Through 2023 and into 2024, net income experiences variability but generally maintains a moderate downward trend, followed by more stable figures in 2025 with slight increases in the third and fourth quarters. This pattern indicates periods of strong earnings growth interrupted by contractions, reflecting possible market or operational challenges.
Sales and other operating revenue illustrate an upward trajectory from early 2021 to mid-2022, where revenues peak substantially in the second and third quarters of 2022. However, subsequent quarters exhibit a diminishing trend in sales revenues, with notable decreases through late 2022 and generally lower, though somewhat stable, revenue levels throughout 2023 and 2024. In 2025, sales stabilize around mid-to-high 79,000 to 83,000 million dollars. This pattern suggests cyclical revenue performance with a strong growth phase followed by a contraction and stabilization period.
The net profit margin displays a negative trend in early 2021, indicating losses, but turns positive starting the fourth quarter of 2021. The margin improves significantly in 2022, reaching double-digit levels exceeding 13% during several quarters. Thereafter, it shows a gradual decline from early 2023 through 2025, stabilizing in the low to mid-9% range by the end of the data timeline. This declining but still positive net profit margin suggests that although profitability has been sustained, efficiency or cost pressures may be impacting overall profitability ratios progressively.
- Net Income Trends
- Strong peak in mid-2022 followed by a decline and moderate stability through 2025.
- Sales and Operating Revenue
- Steady growth until mid-2022, decreasing thereafter with stabilization in later periods.
- Net Profit Margin
- Transitioned from negative to positive in late 2021, peaking in 2022, then gradually declining and stabilizing around 9% by 2025.
Overall, the financial indicators depict a cycle of expansion followed by correction and relative stabilization, with profit margins remaining positive despite the downward pressure in the later periods. This suggests resilience in operational profitability, although revenue challenges and net income volatility highlight potential areas for strategic focus.
Return on Equity (ROE)
Exxon Mobil Corp., 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 ExxonMobil | 7,548) | 7,082) | 7,713) | 7,610) | 8,610) | 9,240) | 8,220) | 7,630) | 9,070) | 7,880) | 11,430) | 9,750) | 19,660) | 17,850) | 5,480) | 8,870) | 6,750) | 4,690) | 2,730) | ||||||
| Total ExxonMobil share of equity | 260,561) | 262,593) | 262,720) | 263,705) | 268,592) | 268,405) | 205,250) | 204,802) | 199,703) | 199,046) | 198,685) | 195,049) | 186,100) | 177,316) | 169,215) | 168,577) | 160,589) | 158,571) | 156,974) | ||||||
| Profitability Ratio | |||||||||||||||||||||||||
| ROE1 | 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% | ||||||
| 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% | ||||||
| ConocoPhillips | 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% | ||||||
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 ExxonMobilQ3 2025
+ Net income (loss) attributable to ExxonMobilQ2 2025
+ Net income (loss) attributable to ExxonMobilQ1 2025
+ Net income (loss) attributable to ExxonMobilQ4 2024)
÷ Total ExxonMobil share of equity
= 100 × (7,548 + 7,082 + 7,713 + 7,610)
÷ 260,561 = 11.50%
2 Click competitor name to see calculations.
The financial data reveals a distinct pattern in the company's profitability, equity base, and return on equity (ROE) over multiple quarters. The net income attributable to the company demonstrates substantial volatility yet generally maintains a strong positive level throughout the periods examined.
- Net Income
- Net income shows a strong upward trend during most of the 2021 and 2022 quarters, peaking notably around mid-2022 with values nearing US$19.66 billion. This peak is followed by a drop in the last quarter of 2022, after which income stabilizes around a mid-range average from 2023 through 2025, fluctuating between approximately US$7.5 billion and US$9.2 billion. This suggests a return to a consistent earnings pattern after a period of significant growth and then contraction.
- Total ExxonMobil Share of Equity
- Total equity exhibits a general growth trend from the earliest period in 2021 through to March 2024, increasing steadily from about US$157 billion to over US$268 billion by mid-2024. However, following this peak, there is a mild decline in equity levels through to late 2025, trending downward to approximately US$260 billion. This trajectory indicates strong capital accumulation initially, followed by a slight reduction or distribution of equity in the later periods.
- Return on Equity (ROE)
- The ROE data complements the net income and equity figures, showing a significant improvement from negative values in early 2021 to strong double-digit percentages by late 2021. ROE peaks at nearly 30% in early 2023, indicating highly efficient use of equity in generating profits during that period. After reaching this peak, ROE steadily declines but remains robustly positive, settling in the range of approximately 11% to 16% through to 2025. The moderate decline in ROE in later periods aligns with the observed tapering in net income and the stabilization or slight decline of equity.
Overall, the patterns suggest that the company experienced a period of exceptional profitability growth through 2021 and into 2022, which translated into high equity returns. After this period of strong performance, earnings and returns moderated but stayed at healthy levels, while the equity base, after significant accumulation, saw a slight downward adjustment. The data implies a phase of maturation in the financial cycle, with potential recalibration of capital structure and sustained, though more stable, profitability metrics.
Return on Assets (ROA)
Exxon Mobil Corp., ROA calculation (quarterly data)
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||
| Net income (loss) attributable to ExxonMobil | 7,548) | 7,082) | 7,713) | 7,610) | 8,610) | 9,240) | 8,220) | 7,630) | 9,070) | 7,880) | 11,430) | 9,750) | 19,660) | 17,850) | 5,480) | 8,870) | 6,750) | 4,690) | 2,730) | ||||||
| Total assets | 454,340) | 447,597) | 451,908) | 453,475) | 461,916) | 460,707) | 377,918) | 376,317) | 372,259) | 363,248) | 369,371) | 369,067) | 370,152) | 367,774) | 354,771) | 338,923) | 336,688) | 337,289) | 333,770) | ||||||
| Profitability Ratio | |||||||||||||||||||||||||
| ROA1 | 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% | ||||||
| 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% | ||||||
| ConocoPhillips | 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% | ||||||
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 ExxonMobilQ3 2025
+ Net income (loss) attributable to ExxonMobilQ2 2025
+ Net income (loss) attributable to ExxonMobilQ1 2025
+ Net income (loss) attributable to ExxonMobilQ4 2024)
÷ Total assets
= 100 × (7,548 + 7,082 + 7,713 + 7,610)
÷ 454,340 = 6.59%
2 Click competitor name to see calculations.
The financial performance and position reveal several significant trends over the analyzed quarters.
- Net Income
- The net income attributable to the company demonstrated notable fluctuations across the periods. After an initial increase from $2,730 million to a peak of $8,870 million by the end of 2021, earnings surged sharply to reach as high as $19,660 million in the third quarter of 2022. Subsequently, net income began a declining trend with periodic moderate recoveries, ultimately stabilizing around the $7,500 million range in the most recent quarters. This pattern indicates periods of strong profitability interspersed with volatility and a downward adjustment following the mid-2022 peak.
- Total Assets
- Total assets exhibited a gradual upward trend from approximately $334 billion at the beginning of 2021 to about $377 billion by the end of 2023. A significant jump was observed between the end of 2023 and mid-2024, where assets increased dramatically to over $460 billion. After this spike, total assets experienced slight declines but generally remained close to this higher level, indicating considerable asset base growth in the mid-2024 period, which may be reflective of acquisitions, investments, or revaluation effects.
- Return on Assets (ROA)
- The return on assets began at negative levels in the first three quarters of 2021, moving from -5.72% upwards to positive territory by the end of 2021 at 6.8%. ROA continued improving sharply through 2022, peaking above 14% in the latter half of the year. Following this peak, there was a gradual decline in ROA over the subsequent quarters, stabilizing between 6.5% and 8.7% into 2025. This trend indicates that the company improved efficiency and profitability relative to its asset base post-2021 but faced diminishing returns after the high levels reached in 2022.
Overall, the data exhibits a cycle of strong earnings growth culminating in mid-2022, alongside a significant expansion in assets in mid-2024. Despite fluctuations in profitability after the peak periods, ROA remains positive, suggesting continuing operational efficiency. The interplay between rising asset levels and stabilizing returns reflects a shift in the company's scale and profitability dynamics over the observed quarters.