Nine Energy Service, Inc. (NINE) Return on equity 2016–2020
Nine Energy Service, Inc. (NINE) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-1856.8%FY2020 · since FY2016: -24.6% → -1856.8%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2020 | -1856.8% | -1800.9 pp |
| FY2019 | -55.9% | -46.9 pp |
| FY2018 | -8.9% | +14.6 pp |
| FY2017 | -23.6% | +1.1 pp |
| FY2016 | -24.6% | — |
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