FermiFRMI -8.06%14 ROA % is -47.31% as of Mar. 2026. GuruFocus rates FRMI with a GF Score™ of 14/100. The stock has 1 warning sign investors should review. Among 938 REITs companies, Fermi ranks worse than 100% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Fermi's annualizedNet Income for the quarter that ended in Mar. 2026 was $-754.77 Mil.
Fermi's average Total Assets over the quarter that ended in Mar. 2026 was $1,595.40 Mil. Therefore, Fermi's annualized ROA % for the quarter that ended in Mar. 2026 was -47.31%.
The historical rank and industry rank for Fermi's ROA % or its related term are showing as below:
FRMI'
s ROA % Range Over the Past 10 Years
Min: -71.38 Med: -34.41 Max: -34.41
Current: -71.38
During the past 1 years, Fermi's highest ROA % was -34.41%. The lowest was -71.38%. And the median was -34.41%.
FRMI's ROA % is ranked worse than 100% of 938
companies
in the REITs industry
Industry Median: 3.23
vs FRMI: -71.38
Fermi (NAS:FRMI) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Fermi ROA % Related Terms
Fermi ROA % Historical Data
* Premium members only.
The historical data trend for Fermi's ROA % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fermi ROA % Chart
Fermi Annual Data
Trend
Dec25
ROA %
-34.41
Fermi Quarterly Data
Mar25
Jun25
Sep25
Dec25
Mar26
ROA %
0.00
-28.22
-468.72
-55.61
-47.31
FRMI vs EPR, OUT, UNIT: ROA % Comparison
For the REIT - Specialty subindustry, Fermi's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fermi ROA % vs REITs Industry
For the REITs industry and Real Estate sector, Fermi's ROA % distribution charts can be found below:
* The bar in red indicates where Fermi's ROA % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Fermi (FRMI) has a ROA % of -47.31% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Fermi and its competitors. According to the industry distribution chart, Fermi ranks #938 out of 938 companies in the REITs industry.
Is Fermi's ROA % too high?
Fermi's current ROA % is -47.31%. Based on the distribution chart, Fermi ranks #938 out of 938 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Fermi has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Fermi's ROA % compare to EPR and OUT?
According to the REITs industry distribution chart, Fermi ranks #938 out of 938 companies for ROA %. This places Fermi in the lower half of its industry. The industry median ROA % is 3.23. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a REITs company?
The median ROA % among REITs companies is 3.23, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Fermi and its competitors. For the REITs industry, the median ROA % is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fermi's current ROA % is -47.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fermi stock overvalued right now?
Fermi (FRMI) has a current ROA % of -47.31%. The current ROA % is -47.31%. Fermi's overall GF Score™ is 14/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Fermi (FRMI), the current ROA % is -47.31% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Fermi Inc building a private power campus for AI-centric customers, developing and leasing large-scale, grid-independent energy generation and high-performance computing facilities purpose-built for the hyperscale era. The company is also developing a private energy and site infrastructure platform across the campus to support multiple powered shell buildings and a diversified, integrated power supply, including private power generation and delivery infrastructure, substations, internal distribution networks, water and cooling systems, and other essential infrastructure. In addition to powered shell facilities, it may offer long-term ground leases to tenants that elect to construct their own powered shell facilities on land, with or without integrated power delivery.
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