SALEM MEDIA GROUP, INC. (SALM) Return on equity 2013–2022
SALEM MEDIA GROUP, INC. (SALM) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-1.8%FY2022 · since FY2013: -1.4% → -1.8%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2022 | -1.8% | -25.1 pp |
| FY2021 | 23.3% | +63.3 pp |
| FY2020 | -40.0% | -25.3 pp |
| FY2019 | -14.7% | -13.2 pp |
| FY2018 | -1.4% | -12.1 pp |
| FY2017 | 10.7% | +6.5 pp |
| FY2016 | 4.2% | -1.2 pp |
| FY2015 | 5.4% | +2.7 pp |
| FY2014 | 2.7% | +4.1 pp |
| FY2013 | -1.4% | — |
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