Research Frontiers (REFR) Return on Equity [ROE] (2011 - 2026)
Research Frontiers (REFR) reported Return on Equity [ROE] of -156.74% for Q2 2026, down 66.28 percentage points from -90.45% a year earlier but up 21.63 percentage points from the prior quarter.
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Analysis
Research Frontiers (REFR) Return on Equity [ROE] (2011 - 2026) Analysis & Trends
For FY2025, Research Frontiers posted Return on Equity [ROE] of -120.53%, down 73.43 percentage points from FY2024.
- Return on Equity [ROE] has a five-year change of -79.46 percentage points (FY2020 to FY2025).
- By year, Return on Equity [ROE] came in at -47.10% in FY2024 (+1.81 pp), -48.91% in FY2023 (+12.28 pp), -61.19% in FY2022 (-20.82 pp) and -40.37% in FY2021 (+0.71 pp).
- Five-year quarterly Return on Equity [ROE] spans a low of -178.37% in Q1 2026 and a high of -44.87% in Q3 2021.
- Year over year, Return on Equity [ROE] has now declined in each of the last five quarters, with an average year-over-year change of -50.51 percentage points over the last eight quarters.
- The high point for year-over-year Return on Equity [ROE] in five years was Q2 2023 (a gain of 23.46 percentage points); the low point was Q1 2026 (a drop of 130.20 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -178.37% (Q1 2026), -175.23% (Q4 2025) and -120.25% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn | 120.49% |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn | 26.76% |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn | - |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn | 28.60% |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn | 77.48% |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn | 195.22% |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn | 101.64% |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | -2.90% |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn | -182.09% |
| 10 | Research Frontiers | 25.45 Mn | 21.26 Mn | - | -156.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -156.74% |
| Mar 31, 2026 | -178.37% |
| Dec 31, 2025 | -175.23% |
| Sep 30, 2025 | -120.25% |
| Jun 30, 2025 | -90.45% |
| Mar 31, 2025 | -48.17% |
| Dec 31, 2024 | -53.13% |
| Sep 30, 2024 | -45.52% |
| Jun 30, 2024 | -52.85% |
| Mar 31, 2024 | -61.02% |
| Dec 31, 2023 | -55.17% |
| Sep 30, 2023 | -57.42% |
| Jun 30, 2023 | -50.75% |
| Mar 31, 2023 | -52.80% |
| Dec 31, 2022 | -51.59% |
| Sep 30, 2022 | -66.07% |
| Jun 30, 2022 | -74.22% |
| Mar 31, 2022 | -53.36% |
| Dec 31, 2021 | -45.07% |
| Sep 30, 2021 | -44.87% |
API Access
Research Frontiers Return on Equity [ROE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=REFR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "ticker": "REFR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=REFR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();