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: 2025-06-30), 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 significant recovery beginning in the final quarter of 2021, transitioning from negative values earlier in the year to positive figures subsequently. It reached a peak in early 2023, indicating strong operational efficiency and profitability during that period. However, from 2023 onward, there has been a gradual decline, with the margin tapering down but remaining positive through mid-2025, suggesting stabilization at a lower yet sustainable profitability level.
- Net Profit Margin
- Net profit margin trends closely mirror those of the operating profit margin, showcasing recovery from negative to positive territory by the end of 2021. The margin increased steadily through 2022 and early 2023, peaking in the first quarter of 2023. After this peak, there was a consistent but moderate decline in net profitability, stabilizing around 9.4% by mid-2025, which indicates maintained profitability albeit at a reduced rate.
- Return on Equity (ROE)
- ROE experienced a marked turnaround from negative values throughout much of 2021 to robust increases in 2022 and early 2023, peaking near 30% in the first quarter of 2023. This reflects enhanced efficiency in generating shareholder value during that timeframe. Post-peak, ROE diminished progressively yet remained well above pre-2022 levels, settling slightly above 11% by June 2025. This suggests ongoing effective equity utilization despite moderated profitability.
- Return on Assets (ROA)
- The return on assets showed a corresponding upward trend, moving from negative values in early 2021 to positive territory late that year. It peaked in early 2023, indicating effective asset use for income generation. From that point, the ratio declined gradually but held steady above 6.9% through mid-2025. This pattern points to reasonably efficient asset management, with some reduction in asset returns over recent periods.
- Overall Analysis
- The financial indicators collectively illustrate a significant turnaround in profitability and efficiency starting in late 2021, with substantial improvements extending into early 2023. Following the peak in early 2023, there has been a consistent but controlled decline across margins and returns, ending with moderate but stable profitability levels. Such trends may indicate responses to changing market conditions or business strategy adjustments aimed at sustaining balanced financial performance.
Return on Sales
Return on Investment
Operating Profit Margin
Exxon Mobil Corp., operating profit margin calculation (quarterly data)
| 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) | 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 | 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 | 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. | 12.42% | 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 | 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: 2025-06-30), 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 Q2 2025 Calculation
Operating profit margin = 100
× (Operating income (loss)Q2 2025
+ Operating income (loss)Q1 2025
+ Operating income (loss)Q4 2024
+ Operating income (loss)Q3 2024)
÷ (Sales and other operating revenueQ2 2025
+ Sales and other operating revenueQ1 2025
+ Sales and other operating revenueQ4 2024
+ Sales and other operating revenueQ3 2024)
= 100 × (10,940 + 11,918 + 10,141 + 13,266)
÷ (79,477 + 81,058 + 81,058 + 87,792)
= 14.05%
2 Click competitor name to see calculations.
- Operating Income (Loss)
- The operating income exhibited a strong upward trend from March 2021 through December 2022, reaching a peak of 25,785 million US dollars in the third quarter of 2022. A subsequent decline was observed starting December 2022, with operating income fluctuating but generally trending downward into mid-2025. The income shows periodic quarterly variation but does not return to the early 2021 lower levels, indicating overall improved profitability compared to that period despite recent decreases.
- Sales and Other Operating Revenue
- Revenue steadily increased from March 2021 to June 2022, reaching the highest recorded value at 111,265 million US dollars. This was followed by a gradual decline, with occasional fluctuations, through mid-2025. The revenue trend correlates broadly with the operating income trend, suggesting that changes in revenue strongly impact profitability. The decline in revenue in the later periods may reflect market conditions or operational factors affecting sales volume or pricing.
- Operating Profit Margin
- The operating profit margin demonstrated significant improvement from a negative margin in early 2021 to positive values by the end of 2021. It increased sharply and peaked around the fourth quarter of 2021 through 2022, reaching over 19%. From 2023 onward, margins slightly declined but remained robust, stabilizing around 14-16% through mid-2025. This indicates enhanced operational efficiency and cost management over the observed timeframe followed by a modest margin contraction possibly due to market pressures or increased costs.
- Overall Analysis
- There is a clear trend of recovery and growth from early 2021, with both revenue and operating income increasing significantly and margins turning positive and strong. The peak periods in late 2021 and 2022 highlight a phase of exceptional performance. The subsequent decline in later periods, while notable, still positions the company at a stronger profitability level than the start of the observed period. The data suggests the company experienced favorable market or operational conditions during 2021-2022, with some challenges or normalization occurring thereafter. Consistent margins above 14% suggest maintained profitability despite revenue fluctuations.
Net Profit Margin
Exxon Mobil Corp., net profit margin calculation (quarterly data)
| 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 | 7,082) | 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 | 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 | 9.42% | 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. | 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 | 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: 2025-06-30), 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 Q2 2025 Calculation
Net profit margin = 100
× (Net income (loss) attributable to ExxonMobilQ2 2025
+ Net income (loss) attributable to ExxonMobilQ1 2025
+ Net income (loss) attributable to ExxonMobilQ4 2024
+ Net income (loss) attributable to ExxonMobilQ3 2024)
÷ (Sales and other operating revenueQ2 2025
+ Sales and other operating revenueQ1 2025
+ Sales and other operating revenueQ4 2024
+ Sales and other operating revenueQ3 2024)
= 100 × (7,082 + 7,713 + 7,610 + 8,610)
÷ (79,477 + 81,058 + 81,058 + 87,792)
= 9.42%
2 Click competitor name to see calculations.
The financial data over multiple quarters reveals several notable trends in earnings, revenue, and profitability margins.
- Net Income Trends
- Net income attributable to the company exhibits significant volatility across the periods. Starting from a positive base, there is a marked increase in net income from early 2021 to late 2022, peaking around the third quarter of 2022. Subsequently, net income declines sharply by the end of 2022 and fluctuates at lower levels through 2023 and into 2025. This pattern reflects substantial variability in profitability, with a notable surge in mid-2022 followed by a partial retreat.
- Revenue Dynamics
- Sales and other operating revenues show a rising trajectory from early 2021 through mid-2022, reaching a peak in the second quarter of 2022. After this peak, revenue declines steadily towards early 2023 before exhibiting moderate fluctuations through the latter part of 2024 and early 2025. The revenue trend suggests a period of growth followed by a gradual contraction, potentially influenced by external market conditions or company-specific factors affecting sales volumes or pricing.
- Profit Margin Behavior
- The net profit margin reveals a recovery from negative values in the first half of 2021 to positive territory by the fourth quarter of 2021. Thereafter, margins improve, reaching a high point around mid-2022. From this peak, net profit margins experience a gradual decline but remain in a relatively stable range above 9% through early 2025. This indicates improved cost management or pricing power during the recovery phase, followed by stabilization at a moderately high profitability level despite subsequent fluctuations in net income and revenue.
Overall, the data indicates an initial phase of recovery and growth culminating in strong performance metrics around mid-2022, followed by a period of volatility and consolidation in financial outcomes. The net profit margin’s stability amid revenue and income oscillations suggests resilience in operational efficiency or pricing strategies.
Return on Equity (ROE)
Exxon Mobil Corp., ROE calculation (quarterly data)
| 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 | 7,082) | 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 | 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 | 11.81% | 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. | 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 | 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: 2025-06-30), 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 Q2 2025 Calculation
ROE = 100
× (Net income (loss) attributable to ExxonMobilQ2 2025
+ Net income (loss) attributable to ExxonMobilQ1 2025
+ Net income (loss) attributable to ExxonMobilQ4 2024
+ Net income (loss) attributable to ExxonMobilQ3 2024)
÷ Total ExxonMobil share of equity
= 100 × (7,082 + 7,713 + 7,610 + 8,610)
÷ 262,593 = 11.81%
2 Click competitor name to see calculations.
The financial performance over the examined quarters exhibits a dynamic trend in net income, equity levels, and return on equity (ROE).
- Net Income (Loss) Attributable to ExxonMobil
-
There is a clear upward trajectory in net income from early 2021 through late 2022, peaking notably in the third quarter of 2022. Following this peak, the net income figures experience fluctuations but remain at relatively high levels compared to earlier years. This indicates periods of substantial profitability interspersed with moderate declines, suggesting variability in operational or market factors influencing quarterly earnings.
- Total ExxonMobil Share of Equity
-
The equity base shows consistent growth over the time period with only minor fluctuations in late 2024 and early 2025. This steady increase reflects accumulation of retained earnings and possibly capital contributions, enhancing the company’s net asset position. A significant jump in mid-2024 denotes an unusual event or transaction that substantially increased shareholders’ equity.
- Return on Equity (ROE)
-
ROE has demonstrated a major turnaround, evolving from negative values at the beginning of 2021 to strong double-digit positive percentages starting from the end of 2021. The peak ROE occurs in the quarters of 2022, coinciding with the highest net income periods, indicating efficient use of equity to generate profits. Post-2022, ROE gradually declines but maintains double-digit figures, suggesting sustained profitability and effective capital management despite some normalization.
Overall, the data reveals significant improvements in profitability and capital efficiency since early 2021. The company has experienced a strong growth phase in income and returns on equity, supported by expanding equity. However, the volatility in net income and the gradual tapering of ROE imply the need for continued monitoring of operational performance and market conditions to maintain these positive trends.
Return on Assets (ROA)
Exxon Mobil Corp., ROA calculation (quarterly data)
| 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 | 7,082) | 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 | 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 | 6.93% | 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. | 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 | 7.49% | 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: 2025-06-30), 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 Q2 2025 Calculation
ROA = 100
× (Net income (loss) attributable to ExxonMobilQ2 2025
+ Net income (loss) attributable to ExxonMobilQ1 2025
+ Net income (loss) attributable to ExxonMobilQ4 2024
+ Net income (loss) attributable to ExxonMobilQ3 2024)
÷ Total assets
= 100 × (7,082 + 7,713 + 7,610 + 8,610)
÷ 447,597 = 6.93%
2 Click competitor name to see calculations.
- Net Income Trends
- Net income attributable to the company demonstrates noticeable volatility over the analyzed quarters. Initial values show a general upward trend from 2,730 million USD in early 2021, reaching a peak near 19,660 million USD in late 2022. This peak is followed by a marked decline throughout 2023, fluctuating between 7,630 and 11,430 million USD, with a slight recovery in early to mid-2024. However, income levels stabilize somewhat in the latter quarters of 2024 and early 2025, settling roughly around the 7,000–8,200 million USD range.
- Total Assets Patterns
- Total assets exhibit a gradual increase over most of the period observed. From approximately 334 billion USD at the start of 2021, the asset base grows steadily, surpassing 460 billion USD in mid-2024. After reaching this high point, total assets experience a slight decline towards early 2025, finishing somewhat lower but still above the 447 billion USD mark, indicating a significant expansion compared to the initial levels.
- Return on Assets (ROA) Behavior
- ROA begins with negative values in early 2021, indicating losses relative to asset size, but shows a steady upward trend, turning positive by the end of 2021. The ratio peaks in the range of 14–16% through 2022 and early 2023, signaling effective asset utilization during this period. Subsequently, ROA gradually declines but remains positive, stabilizing between approximately 6.9% and 8.7% into early 2025, which may suggest a moderation in profitability relative to asset levels.
- Overall Financial Performance Insights
- The company underwent a phase of strong profitability growth from 2021 through 2022, both in absolute net income and efficiency metrics such as ROA. Concurrently, the increase in total assets suggests strategic asset accumulation or investments during this period. Post-2022, the decline in net income and ROA alongside the plateau and minor decrease in total assets might reflect market challenges or a shift in operational dynamics. Despite this, the company maintains positive profitability ratios and a substantially larger asset base compared to the 2021 starting position, indicating relative financial stability and ongoing operational capability.