HENNESSY ADVISORS, INC. (HNNA) Return on equity 2016–2025
HENNESSY ADVISORS, INC. (HNNA) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
10.2%FY2025 · since FY2016: 38.5% → 10.2%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 10.2% | +2.4 pp |
| FY2024 | 7.8% | +2.3 pp |
| FY2023 | 5.4% | -1.7 pp |
| FY2022 | 7.2% | -2.3 pp |
| FY2021 | 9.5% | -0.5 pp |
| FY2020 | 10.0% | -4.6 pp |
| FY2019 | 14.6% | -14.4 pp |
| FY2018 | 29.0% | +0.0 pp |
| FY2017 | 29.0% | -9.5 pp |
| FY2016 | 38.5% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice