SPINDLETOP OIL & GAS CO. (SPND) Return on equity 2016–2025
SPINDLETOP OIL & GAS CO. (SPND) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-13.1%FY2025 · since FY2016: 7.8% → -13.1%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | -13.1% | -9.3 pp |
| FY2024 | -3.8% | -3.8 pp |
| FY2023 | 0.0% | — |
| FY2017 | 0.0% | -7.8 pp |
| FY2016 | 7.8% | — |
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