Return on Equity (ROE)
since 2006
Calculation
GameStop Corp., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss)1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Feb 3, 2024 | 0.50% | = | 100 | × | 6,700) | ÷ | 1,338,600) |
| Jan 28, 2023 | -23.68% | = | 100 | × | (313,100) | ÷ | 1,322,300) |
| Jan 29, 2022 | -23.79% | = | 100 | × | (381,300) | ÷ | 1,602,500) |
| Jan 30, 2021 | -49.30% | = | 100 | × | (215,300) | ÷ | 436,700) |
| Feb 1, 2020 | -77.01% | = | 100 | × | (470,900) | ÷ | 611,500) |
| Feb 2, 2019 | -50.37% | = | 100 | × | (673,000) | ÷ | 1,336,200) |
| Feb 3, 2018 | 1.57% | = | 100 | × | 34,700) | ÷ | 2,214,500) |
| Jan 28, 2017 | 15.67% | = | 100 | × | 353,200) | ÷ | 2,254,100) |
| Jan 30, 2016 | 19.36% | = | 100 | × | 402,800) | ÷ | 2,081,000) |
| Jan 31, 2015 | 19.01% | = | 100 | × | 393,100) | ÷ | 2,067,700) |
| Feb 1, 2014 | 15.73% | = | 100 | × | 354,200) | ÷ | 2,251,400) |
| Feb 2, 2013 | -11.80% | = | 100 | × | (269,700) | ÷ | 2,286,300) |
| Jan 28, 2012 | 11.17% | = | 100 | × | 339,900) | ÷ | 3,042,100) |
| Jan 29, 2011 | 14.08% | = | 100 | × | 408,000) | ÷ | 2,897,300) |
| Jan 30, 2010 | 13.85% | = | 100 | × | 377,265) | ÷ | 2,723,157) |
| Jan 31, 2009 | 17.32% | = | 100 | × | 398,282) | ÷ | 2,299,681) |
| Feb 2, 2008 | 15.48% | = | 100 | × | 288,291) | ÷ | 1,862,446) |
| Feb 3, 2007 | 11.50% | = | 100 | × | 158,250) | ÷ | 1,375,878) |
| Jan 28, 2006 | 9.04% | = | 100 | × | 100,784) | ÷ | 1,114,713) |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).
1 US$ in thousands
The financial performance from 2006 to 2024 is characterized by three distinct eras: a period of consistent growth and stability, a phase of high volatility with peak efficiency, and a prolonged period of significant losses culminating in a marginal return to profitability.
- Growth and Stability Phase (2006–2012)
- During this period, a steady upward trajectory in both net income and stockholders' equity was observed. Net income grew from 100,784 thousand USD in 2006 to a peak of 408,000 thousand USD in 2011. This expansion was mirrored by stockholders' equity, which nearly tripled from 1,114,713 thousand USD to 3,042,100 thousand USD. Consequently, the return on equity (ROE) remained positive and generally trended upward, peaking at 17.32% in 2009 before stabilizing around 11.17% by 2012.
- Volatility and Peak Efficiency (2013–2017)
- This interval was marked by a sharp, isolated decline in 2013, where a net loss of 269,700 thousand USD resulted in a negative ROE of -11.80%. However, a rapid recovery followed, with the highest ROE levels of the entire period recorded between 2014 and 2016, peaking at 19.36%. This peak was driven by strong net income figures exceeding 390,000 thousand USD and a managed equity base of approximately 2 billion USD.
- Structural Decline and Equity Erosion (2018–2023)
- A severe downward trend emerged starting in 2018, characterized by collapsing net income and a drastic reduction in stockholders' equity. Between 2019 and 2023, the organization experienced sustained annual net losses, with the most significant loss occurring in 2019 at 673,000 thousand USD. This period saw ROE plummet to extreme negative values, reaching a low of -77.01% in 2020. The erosion of stockholders' equity reached its nadir in 2021 at 436,700 thousand USD, which amplified the negative ROE impact during the loss-making years.
- Recent Stabilization (2024)
- The most recent reporting period indicates a reversal of the long-term deficit trend. A return to positive net income, though modest at 6,700 thousand USD, has shifted the ROE from negative territory to a marginally positive 0.50%. This suggests a cessation of the equity erosion observed in the previous five years.
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Comparison to Competitors
GameStop Corp., ROE, long-term trends, comparison to competitors
| GameStop Corp. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Feb 3, 2024 | 0.50% | 20.72% | 1,450.48% | — | 61.27% |
| Jan 28, 2023 | -23.68% | 15.07% | 1,095.07% | — | 54.97% |
| Jan 29, 2022 | -23.79% | -1.86% | — | — | 54.69% |
| Jan 30, 2021 | -49.30% | 24.13% | 390.00% | 406.05% | 1.55% |
| Feb 1, 2020 | -77.01% | 22.84% | — | 217.09% | 55.01% |
| Feb 2, 2019 | -50.37% | 18.67% | — | 63.50% | 60.61% |
| Feb 3, 2018 | 1.57% | 23.13% | 593.54% | 58.69% | 50.66% |
| Jan 28, 2017 | 15.67% | 10.95% | 183.64% | 48.07% | 50.95% |
| Jan 30, 2016 | 19.36% | 12.29% | 110.97% | 33.26% | 52.88% |
| Jan 31, 2015 | 19.01% | 4.45% | 68.06% | 27.07% | 51.95% |
| Feb 1, 2014 | 15.73% | -2.24% | 43.00% | 19.29% | 50.53% |
| Feb 2, 2013 | -11.80% | 2.81% | 25.51% | 14.14% | 52.01% |
| Jan 28, 2012 | 11.17% | -0.48% | 21.70% | 11.12% | 46.62% |
| Jan 29, 2011 | 14.08% | 8.13% | 17.67% | 11.10% | 43.33% |
| Jan 30, 2010 | 13.85% | 16.78% | 13.72% | 9.35% | 42.00% |
| Jan 31, 2009 | 17.32% | 17.16% | 12.71% | 12.16% | 41.26% |
| Feb 2, 2008 | 15.48% | 24.14% | 24.81% | 17.45% | 36.21% |
| Feb 3, 2007 | 11.50% | 39.77% | 23.02% | 19.75% | 32.23% |
| Jan 28, 2006 | 9.04% | 44.08% | 21.70% | 19.32% | 36.48% |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
GameStop Corp., ROE, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| GameStop Corp. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Feb 3, 2024 | 0.50% | 31.01% |
| Jan 28, 2023 | -23.68% | 29.39% |
| Jan 29, 2022 | -23.79% | 17.48% |
| Jan 30, 2021 | -49.30% | 35.05% |
| Feb 1, 2020 | -77.01% | 40.86% |
| Feb 2, 2019 | -50.37% | 40.77% |
| Feb 3, 2018 | 1.57% | 44.19% |
| Jan 28, 2017 | 15.67% | 38.11% |
| Jan 30, 2016 | 19.36% | 37.81% |
| Jan 31, 2015 | 19.01% | 32.09% |
| Feb 1, 2014 | 15.73% | 24.32% |
| Feb 2, 2013 | -11.80% | 19.26% |
| Jan 28, 2012 | 11.17% | 15.66% |
| Jan 29, 2011 | 14.08% | 15.30% |
| Jan 30, 2010 | 13.85% | 14.12% |
| Jan 31, 2009 | 17.32% | 14.43% |
| Feb 2, 2008 | 15.48% | 22.32% |
| Feb 3, 2007 | 11.50% | 22.78% |
| Jan 28, 2006 | 9.04% | 21.78% |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).
Comparison to Industry (Consumer Discretionary)
GameStop Corp., ROE, long-term trends, comparison to industry (consumer discretionary)
| GameStop Corp. | Consumer Discretionary | |
|---|---|---|
| Feb 3, 2024 | 0.50% | 27.93% |
| Jan 28, 2023 | -23.68% | 29.93% |
| Jan 29, 2022 | -23.79% | 20.78% |
| Jan 30, 2021 | -49.30% | 33.71% |
| Feb 1, 2020 | -77.01% | 24.49% |
| Feb 2, 2019 | -50.37% | 34.62% |
| Feb 3, 2018 | 1.57% | 34.33% |
| Jan 28, 2017 | 15.67% | 22.85% |
| Jan 30, 2016 | 19.36% | 28.74% |
| Jan 31, 2015 | 19.01% | 29.03% |
| Feb 1, 2014 | 15.73% | 20.60% |
| Feb 2, 2013 | -11.80% | 20.34% |
| Jan 28, 2012 | 11.17% | 21.97% |
| Jan 29, 2011 | 14.08% | 34.92% |
| Jan 30, 2010 | 13.85% | 24.34% |
| Jan 31, 2009 | 17.32% | 25.32% |
| Feb 2, 2008 | 15.48% | 1.64% |
| Feb 3, 2007 | 11.50% | 16.06% |
| Jan 28, 2006 | 9.04% | 3.84% |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).