Return on Equity (ROE)
since 2005
Calculation
Intel Corp., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss) attributable to Intel1 | ÷ | Total Intel stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 27, 2025 | -0.23% | = | 100 | × | (267) | ÷ | 114,281) |
| Dec 28, 2024 | -18.89% | = | 100 | × | (18,756) | ÷ | 99,270) |
| Dec 30, 2023 | 1.60% | = | 100 | × | 1,689) | ÷ | 105,590) |
| Dec 31, 2022 | 7.90% | = | 100 | × | 8,014) | ÷ | 101,423) |
| Dec 25, 2021 | 20.83% | = | 100 | × | 19,868) | ÷ | 95,391) |
| Dec 26, 2020 | 25.79% | = | 100 | × | 20,899) | ÷ | 81,038) |
| Dec 28, 2019 | 27.16% | = | 100 | × | 21,048) | ÷ | 77,504) |
| Dec 29, 2018 | 28.24% | = | 100 | × | 21,053) | ÷ | 74,563) |
| Dec 30, 2017 | 13.91% | = | 100 | × | 9,601) | ÷ | 69,019) |
| Dec 31, 2016 | 15.58% | = | 100 | × | 10,316) | ÷ | 66,226) |
| Dec 26, 2015 | 18.70% | = | 100 | × | 11,420) | ÷ | 61,085) |
| Dec 27, 2014 | 20.95% | = | 100 | × | 11,704) | ÷ | 55,865) |
| Dec 28, 2013 | 16.51% | = | 100 | × | 9,620) | ÷ | 58,256) |
| Dec 29, 2012 | 21.49% | = | 100 | × | 11,005) | ÷ | 51,203) |
| Dec 31, 2011 | 28.19% | = | 100 | × | 12,942) | ÷ | 45,911) |
| Dec 25, 2010 | 23.19% | = | 100 | × | 11,464) | ÷ | 49,430) |
| Dec 26, 2009 | 10.48% | = | 100 | × | 4,369) | ÷ | 41,704) |
| Dec 27, 2008 | 13.54% | = | 100 | × | 5,292) | ÷ | 39,088) |
| Dec 29, 2007 | 16.31% | = | 100 | × | 6,976) | ÷ | 42,762) |
| Dec 30, 2006 | 13.72% | = | 100 | × | 5,044) | ÷ | 36,752) |
| Dec 31, 2005 | 23.95% | = | 100 | × | 8,664) | ÷ | 36,182) |
Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The return on equity (ROE) exhibited considerable fluctuation between 2005 and 2025. Initial values were strong, followed by periods of decline, resurgence, and ultimately, significant negative returns in recent years. A detailed examination of the period reveals distinct phases in performance.
- Initial Growth and Volatility (2005-2009)
- From 2005 to 2009, ROE began at 23.95% and experienced volatility. It decreased to 13.72% in 2006 before recovering to 16.31% in 2007. Subsequent declines were observed in 2008 and 2009, reaching 10.48% in the latter year. This period suggests sensitivity to underlying economic conditions or company-specific challenges.
- Recovery and Peak Performance (2010-2018)
- A substantial recovery commenced in 2010, with ROE increasing to 23.19%. This upward trend continued, peaking at 28.24% in 2018. The period between 2010 and 2018 demonstrates a period of strong profitability relative to shareholder equity. ROE consistently remained above 13.91% throughout this timeframe.
- Recent Decline and Negative Returns (2019-2025)
- Beginning in 2019, ROE began a downward trajectory. While still positive in 2019 (25.79%) and 2020 (20.83%), it decreased significantly to 7.90% in 2022. The years 2023, 2024, and 2025 witnessed substantial negative ROE values, culminating in -18.89% in 2023 and -0.23% in 2025. This indicates a significant decline in profitability relative to equity, potentially stemming from losses or a substantial increase in equity.
The fluctuations in net income attributable to the company, alongside changes in total stockholders’ equity, appear to be the primary drivers of the observed ROE trends. The substantial increase in equity in later years, coupled with declining or negative net income, contributed to the dramatic decrease in ROE. The period from 2010 to 2018 represents a period of strong financial performance, while the more recent period indicates significant challenges and a potential shift in the company’s profitability.
Comparison to Competitors
Intel Corp., ROE, long-term trends, comparison to competitors
| Intel Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 27, 2025 | -0.23% | 6.88% | 6.70% | 34.28% | 28.45% | 86.56% | 54.33% | 15.76% | 91.87% | 26.13% | — |
| Dec 28, 2024 | -18.89% | 2.85% | 4.65% | 37.77% | 8.71% | 82.00% | 44.82% | 1.72% | 69.24% | 38.60% | 28.39% |
| Dec 30, 2023 | 1.60% | 1.53% | 9.32% | 41.94% | 58.70% | 116.01% | 54.94% | -13.22% | 19.76% | 33.51% | 38.53% |
| Dec 31, 2022 | 7.90% | 2.41% | 7.54% | 53.51% | 50.62% | 237.04% | 73.35% | 17.41% | 36.65% | 71.81% | 60.02% |
| Dec 25, 2021 | 20.83% | 42.18% | 3.66% | 48.08% | 26.99% | 61.53% | 64.85% | 13.34% | 25.64% | 90.88% | 58.27% |
| Dec 26, 2020 | 25.79% | 42.66% | 10.17% | 34.21% | 12.40% | 45.65% | 43.53% | 6.89% | 22.91% | 85.54% | 60.90% |
| Dec 28, 2019 | 27.16% | 12.06% | 11.64% | 32.94% | 10.92% | 44.21% | 46.89% | 17.59% | 44.33% | 89.35% | 56.33% |
| Dec 29, 2018 | 28.24% | 26.62% | 13.61% | 48.44% | 45.99% | 49.51% | 36.62% | 43.77% | 40.78% | -524.14% | 62.04% |
| Dec 30, 2017 | 13.91% | 7.04% | 7.16% | 36.73% | 8.34% | 69.82% | 24.90% | 27.33% | 28.91% | 8.02% | 35.62% |
| Dec 31, 2016 | 15.58% | -119.47% | 16.68% | 23.85% | -9.20% | 102.22% | 15.51% | -2.28% | 13.74% | 17.95% | 34.33% |
| Dec 26, 2015 | 18.70% | — | 13.74% | 18.09% | 28.94% | 86.88% | 12.85% | 23.57% | 14.27% | 16.78% | 30.02% |
| Dec 27, 2014 | 20.95% | -215.51% | 13.23% | 13.62% | 8.11% | 15.88% | 12.57% | 28.27% | 9.87% | 20.34% | 27.15% |
| Dec 28, 2013 | 16.51% | -15.26% | 14.21% | 3.61% | 19.13% | 15.60% | 2.54% | 13.02% | 11.65% | 18.99% | 20.01% |
| Dec 29, 2012 | 21.49% | -219.89% | 15.63% | 1.51% | 23.27% | 22.80% | 3.29% | -13.40% | 14.02% | 18.22% | 16.05% |
| Dec 31, 2011 | 28.19% | 30.88% | 22.85% | 21.89% | 27.52% | 27.77% | 29.30% | 1.97% | 7.96% | 15.81% | 20.42% |
| Dec 25, 2010 | 23.19% | 46.50% | 22.25% | 12.44% | 27.57% | 9.45% | 19.61% | 23.07% | -2.55% | 15.57% | 30.93% |
| Dec 26, 2009 | 10.48% | 46.91% | 9.80% | -4.30% | -4.23% | -23.96% | -20.79% | -39.43% | -1.25% | 7.84% | 15.12% |
| Dec 27, 2008 | 13.54% | — | 32.49% | 12.73% | — | 12.04% | 24.70% | -26.21% | 30.47% | 17.61% | 20.59% |
| Dec 29, 2007 | 16.31% | -113.01% | 21.25% | 21.87% | — | 14.88% | 58.30% | -4.13% | 22.36% | 20.86% | 26.64% |
| Dec 30, 2006 | 13.72% | -2.87% | 15.99% | 22.80% | — | 10.66% | 24.05% | 5.03% | 20.76% | 18.42% | 38.21% |
| Dec 31, 2005 | 23.95% | 4.94% | 11.24% | 13.55% | — | 15.33% | 28.06% | 3.22% | 8.52% | 19.27% | 19.47% |
Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Intel Corp., ROE, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Intel Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 27, 2025 | -0.23% | — |
| Dec 28, 2024 | -18.89% | 11.77% |
| Dec 30, 2023 | 1.60% | 13.30% |
| Dec 31, 2022 | 7.90% | 22.70% |
| Dec 25, 2021 | 20.83% | 25.79% |
| Dec 26, 2020 | 25.79% | 24.53% |
| Dec 28, 2019 | 27.16% | 26.83% |
| Dec 29, 2018 | 28.24% | 33.43% |
| Dec 30, 2017 | 13.91% | 16.95% |
| Dec 31, 2016 | 15.58% | 13.42% |
| Dec 26, 2015 | 18.70% | 19.06% |
| Dec 27, 2014 | 20.95% | 19.77% |
| Dec 28, 2013 | 16.51% | 15.77% |
| Dec 29, 2012 | 21.49% | 14.95% |
| Dec 31, 2011 | 28.19% | 21.55% |
| Dec 25, 2010 | 23.19% | 20.99% |
| Dec 26, 2009 | 10.48% | 5.27% |
| Dec 27, 2008 | 13.54% | 10.02% |
| Dec 29, 2007 | 16.31% | 13.62% |
| Dec 30, 2006 | 13.72% | 16.52% |
| Dec 31, 2005 | 23.95% | 18.50% |
Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Intel Corp., ROE, long-term trends, comparison to industry (information technology)
| Intel Corp. | Information Technology | |
|---|---|---|
| Dec 27, 2025 | -0.23% | — |
| Dec 28, 2024 | -18.89% | 29.36% |
| Dec 30, 2023 | 1.60% | 31.85% |
| Dec 31, 2022 | 7.90% | 38.86% |
| Dec 25, 2021 | 20.83% | 42.21% |
| Dec 26, 2020 | 25.79% | 35.67% |
| Dec 28, 2019 | 27.16% | 36.60% |
| Dec 29, 2018 | 28.24% | 30.38% |
| Dec 30, 2017 | 13.91% | 23.40% |
| Dec 31, 2016 | 15.58% | 23.35% |
| Dec 26, 2015 | 18.70% | 26.17% |
| Dec 27, 2014 | 20.95% | 25.61% |
| Dec 28, 2013 | 16.51% | 24.89% |
| Dec 29, 2012 | 21.49% | 26.24% |
| Dec 31, 2011 | 28.19% | 29.22% |
| Dec 25, 2010 | 23.19% | 27.89% |
| Dec 26, 2009 | 10.48% | 20.28% |
| Dec 27, 2008 | 13.54% | 25.67% |
| Dec 29, 2007 | 16.31% | 24.01% |
| Dec 30, 2006 | 13.72% | 22.74% |
| Dec 31, 2005 | 23.95% | 22.11% |
Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).