TUCOWS INC /PA/ (TCX) Return on equity 2016–2023
TUCOWS INC /PA/ (TCX) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-974.1%FY2023 · since FY2016: 42.5% → -974.1%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2023 | -974.1% | -945.6 pp |
| FY2022 | -28.5% | -31.4 pp |
| FY2021 | 2.9% | -2.6 pp |
| FY2020 | 5.5% | -10.8 pp |
| FY2019 | 16.3% | -5.1 pp |
| FY2018 | 21.5% | -15.6 pp |
| FY2017 | 37.1% | -5.4 pp |
| FY2016 | 42.5% | — |
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