Return on Assets (ROA)
since 2005
Calculation
Fair Isaac Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Sep 30, 2024 | 29.85% | = | 100 | × | 512,811) | ÷ | 1,717,884) |
| Sep 30, 2023 | 27.26% | = | 100 | × | 429,375) | ÷ | 1,575,281) |
| Sep 30, 2022 | 25.90% | = | 100 | × | 373,541) | ÷ | 1,442,034) |
| Sep 30, 2021 | 25.01% | = | 100 | × | 392,084) | ÷ | 1,567,776) |
| Sep 30, 2020 | 14.72% | = | 100 | × | 236,411) | ÷ | 1,606,240) |
| Sep 30, 2019 | 13.40% | = | 100 | × | 192,124) | ÷ | 1,433,448) |
| Sep 30, 2018 | 11.35% | = | 100 | × | 142,415) | ÷ | 1,255,079) |
| Sep 30, 2017 | 10.21% | = | 100 | × | 128,256) | ÷ | 1,255,620) |
| Sep 30, 2016 | 8.96% | = | 100 | × | 109,448) | ÷ | 1,221,052) |
| Sep 30, 2015 | 7.03% | = | 100 | × | 86,502) | ÷ | 1,230,163) |
| Sep 30, 2014 | 7.96% | = | 100 | × | 94,879) | ÷ | 1,192,298) |
| Sep 30, 2013 | 7.76% | = | 100 | × | 90,095) | ÷ | 1,161,547) |
| Sep 30, 2012 | 7.94% | = | 100 | × | 92,004) | ÷ | 1,158,611) |
| Sep 30, 2011 | 6.34% | = | 100 | × | 71,562) | ÷ | 1,129,468) |
| Sep 30, 2010 | 5.74% | = | 100 | × | 64,457) | ÷ | 1,123,716) |
| Sep 30, 2009 | 4.99% | = | 100 | × | 65,102) | ÷ | 1,303,888) |
| Sep 30, 2008 | 6.58% | = | 100 | × | 83,952) | ÷ | 1,275,253) |
| Sep 30, 2007 | 8.20% | = | 100 | × | 104,650) | ÷ | 1,275,771) |
| Sep 30, 2006 | 7.83% | = | 100 | × | 103,486) | ÷ | 1,321,205) |
| Sep 30, 2005 | 9.96% | = | 100 | × | 134,548) | ÷ | 1,351,061) |
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
1 US$ in thousands
The financial performance from 2005 to 2024 is characterized by a distinct three-phase evolution in asset utilization efficiency. Following an initial period of decline and a subsequent phase of stability, there was a period of aggressive profitability growth that significantly outpaced the expansion of the asset base, leading to a substantial increase in the Return on Assets (ROA).
- Net Income Volatility and Growth
- Net income experienced a notable contraction between 2005 and 2009, falling from 134.5 million to 65.1 million. A period of moderate recovery followed from 2010 to 2015, with earnings stabilizing between 64 million and 95 million. Starting in 2016, a strong upward trajectory emerged, culminating in a peak of 512.8 million by 2024, representing a significant increase in absolute profitability.
- Asset Base Management
- Total assets remained relatively stagnant for the first decade, fluctuating between 1.1 billion and 1.3 billion from 2005 to 2015. A gradual expansion began after 2016, with assets reaching 1.7 billion by 2024. The growth in assets was conservative and linear compared to the exponential growth seen in net income during the latter half of the analyzed period.
- ROA Performance and Inflection Points
- The ROA followed a U-shaped recovery before entering a phase of rapid acceleration. The ratio declined from 9.96% in 2005 to a trough of 4.99% in 2009. Between 2010 and 2015, the ROA remained largely range-bound between 5.7% and 8.0%. A critical inflection point occurred after 2016, where efficiency improved steadily until 2020. A sharp spike is observed between 2020 (14.72%) and 2021 (25.01%), with the trend continuing upward to reach a peak of 29.85% in 2024.
The widening gap between the growth of net income and the growth of total assets indicates a transition toward a highly capital-efficient operating model. The ability to generate nearly 30% return on assets by 2024, compared to under 5% in 2009, reflects a significant enhancement in operational leverage and profitability per unit of asset employed.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Fair Isaac Corp., ROA, long-term trends, comparison to competitors
| Fair Isaac Corp. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 30, 2024 | 29.85% | 12.99% | 18.39% | 26.92% | 11.76% | 3.18% | 4.39% | 9.22% | 17.21% | 7.42% | 7.29% | 12.89% | 4.14% | 6.99% | 17.31% | 8.39% |
| Sep 30, 2023 | 27.26% | 13.41% | 18.23% | 6.66% | 18.36% | 1.23% | 5.55% | 8.58% | 17.56% | 6.33% | 4.64% | 3.03% | 0.21% | 9.96% | 11.90% | -2.72% |
| Sep 30, 2022 | 25.90% | 14.55% | 17.51% | -3.30% | 16.53% | -1.67% | 1.29% | 7.45% | 19.94% | 6.15% | -10.80% | -2.18% | 1.52% | 2.44% | 10.45% | 0.28% |
| Sep 30, 2021 | 25.01% | 13.68% | 17.70% | 0.58% | 15.87% | -0.87% | 4.35% | 13.29% | 18.36% | 10.48% | -16.02% | -4.87% | 6.14% | 2.13% | 8.66% | -3.24% |
| Sep 30, 2020 | 14.72% | 13.78% | 21.66% | — | 14.95% | -1.30% | 3.58% | 16.70% | 14.70% | 8.78% | -43.35% | -2.95% | 0.23% | 1.36% | 8.27% | -7.05% |
| Sep 30, 2019 | 13.40% | 16.04% | 14.22% | — | 29.46% | -1.61% | 6.20% | 24.78% | 13.69% | 10.20% | — | -1.24% | 3.61% | 10.41% | 8.31% | -7.58% |
| Sep 30, 2018 | 11.35% | 16.61% | 13.80% | — | 14.01% | — | 7.07% | 23.39% | 6.40% | 2.79% | — | -2.54% | 0.61% | -0.69% | 7.04% | -6.49% |
| Sep 30, 2017 | 10.21% | 15.18% | 11.65% | — | 8.44% | — | 4.59% | 23.87% | 8.80% | 6.92% | — | -6.30% | 1.02% | -4.39% | 2.53% | -12.89% |
| Sep 30, 2016 | 8.96% | 19.95% | 9.20% | — | 9.69% | — | 10.11% | 23.04% | 8.67% | 7.93% | — | -8.18% | -0.37% | -22.22% | 5.09% | -10.62% |
| Sep 30, 2015 | 7.03% | 16.72% | 5.37% | — | 10.74% | — | 11.94% | 7.35% | 6.92% | 8.96% | — | -8.40% | -2.46% | -10.98% | 4.48% | -10.51% |
| Sep 30, 2014 | 7.96% | 16.41% | 2.49% | — | 4.95% | — | 10.23% | 17.44% | 12.81% | 12.13% | — | -15.32% | -2.54% | -12.59% | 5.43% | -7.93% |
| Sep 30, 2013 | 7.76% | 19.46% | 2.79% | — | 6.76% | — | 13.06% | 15.64% | 15.35% | 13.35% | — | -4.99% | -4.89% | -6.31% | 5.68% | -12.43% |
| Sep 30, 2012 | 7.94% | 15.32% | 8.35% | — | 19.24% | — | 13.93% | 16.91% | 14.00% | 12.74% | — | 0.18% | -0.28% | -7.81% | 4.40% | — |
| Sep 30, 2011 | 6.34% | 14.48% | 9.26% | — | 4.10% | — | 13.62% | 12.41% | 21.30% | 11.62% | — | — | 2.09% | — | 6.57% | — |
| Sep 30, 2010 | 5.74% | 13.87% | 9.52% | — | 7.31% | — | 13.07% | 11.04% | 21.79% | 9.96% | — | — | 3.28% | — | 7.21% | — |
| Sep 30, 2009 | 4.99% | 12.97% | 5.31% | — | -10.62% | — | 12.31% | 9.26% | 18.71% | 11.80% | — | — | 2.93% | — | 5.71% | — |
| Sep 30, 2008 | 6.58% | 13.64% | 14.98% | — | -110.44% | — | 11.26% | 10.22% | 24.29% | 11.68% | — | — | 1.68% | — | 6.93% | — |
| Sep 30, 2007 | 8.20% | 11.57% | 12.67% | — | 7.65% | — | 8.65% | 10.35% | 22.26% | 12.36% | — | — | 0.07% | — | 4.99% | — |
| Sep 30, 2006 | 7.83% | 10.33% | 8.48% | — | 4.14% | — | 9.19% | 15.05% | 18.10% | 11.65% | — | — | 6.55% | — | 1.15% | — |
| Sep 30, 2005 | 9.96% | 10.50% | 24.70% | — | 1.45% | — | 7.50% | 14.05% | 17.30% | 13.95% | — | — | 2.62% | — | -0.72% | — |
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Sector (Software & Services)
Fair Isaac Corp., ROA, long-term trends, comparison to sector (software & services)
| Fair Isaac Corp. | Software & Services | |
|---|---|---|
| Sep 30, 2024 | 29.85% | 12.26% |
| Sep 30, 2023 | 27.26% | 11.19% |
| Sep 30, 2022 | 25.90% | 11.32% |
| Sep 30, 2021 | 25.01% | 12.19% |
| Sep 30, 2020 | 14.72% | 9.68% |
| Sep 30, 2019 | 13.40% | 10.81% |
| Sep 30, 2018 | 11.35% | 6.11% |
| Sep 30, 2017 | 10.21% | 7.29% |
| Sep 30, 2016 | 8.96% | 8.86% |
| Sep 30, 2015 | 7.03% | 8.53% |
| Sep 30, 2014 | 7.96% | 11.18% |
| Sep 30, 2013 | 7.76% | 13.46% |
| Sep 30, 2012 | 7.94% | 13.36% |
| Sep 30, 2011 | 6.34% | 15.34% |
| Sep 30, 2010 | 5.74% | 14.69% |
| Sep 30, 2009 | 4.99% | 13.64% |
| Sep 30, 2008 | 6.58% | 14.32% |
| Sep 30, 2007 | 8.20% | 12.84% |
| Sep 30, 2006 | 7.83% | 12.19% |
| Sep 30, 2005 | 9.96% | 11.53% |
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Industry (Information Technology)
Fair Isaac Corp., ROA, long-term trends, comparison to industry (information technology)
| Fair Isaac Corp. | Information Technology | |
|---|---|---|
| Sep 30, 2024 | 29.85% | 11.80% |
| Sep 30, 2023 | 27.26% | 12.34% |
| Sep 30, 2022 | 25.90% | 14.33% |
| Sep 30, 2021 | 25.01% | 14.52% |
| Sep 30, 2020 | 14.72% | 11.46% |
| Sep 30, 2019 | 13.40% | 11.67% |
| Sep 30, 2018 | 11.35% | 10.94% |
| Sep 30, 2017 | 10.21% | 9.00% |
| Sep 30, 2016 | 8.96% | 9.68% |
| Sep 30, 2015 | 7.03% | 11.51% |
| Sep 30, 2014 | 7.96% | 12.33% |
| Sep 30, 2013 | 7.76% | 13.22% |
| Sep 30, 2012 | 7.94% | 14.06% |
| Sep 30, 2011 | 6.34% | 15.11% |
| Sep 30, 2010 | 5.74% | 14.45% |
| Sep 30, 2009 | 4.99% | 10.04% |
| Sep 30, 2008 | 6.58% | 11.87% |
| Sep 30, 2007 | 8.20% | 11.93% |
| Sep 30, 2006 | 7.83% | 12.20% |
| Sep 30, 2005 | 9.96% | 12.71% |
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).