ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Aspen Aerogels's annualized net income for the quarter that ended in Mar. 2026 was $-94.8 Mil. Aspen Aerogels's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $224.5 Mil. Therefore, Aspen Aerogels's annualized ROE % for the quarter that ended in Mar. 2026 was -42.21%.
The historical rank and industry rank for Aspen Aerogels's ROE % or its related term are showing as below:
ASPN'
s ROE % Range Over the Past 10 Years
Min: -91.64 Med: -25.64 Max: 2.43
Current: -40.63
During the past 13 years, Aspen Aerogels's highest ROE % was 2.43%. The lowest was -91.64%. And the median was -25.64%.
ASPN's ROE % is ranked worse than 94.49% of 1743
companies
in the Construction industry
Industry Median: 6.71
vs ASPN: -40.63
Aspen Aerogels (NYSE:ASPN) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Aspen Aerogels ROE % Related Terms
Aspen Aerogels ROE % Historical Data
* Premium members only.
The historical data trend for Aspen Aerogels's ROE % 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.
For the Building Products & Equipment subindustry, Aspen Aerogels's ROE %, along with its competitors' market caps and ROE % 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.
Aspen Aerogels ROE % vs Construction Industry
For the Construction industry and Industrials sector, Aspen Aerogels's ROE % distribution charts can be found below:
* The bar in red indicates where Aspen Aerogels's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
Aspen Aerogels (ASPN) has a ROE % of -42.21% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Aspen Aerogels and its competitors. According to the industry distribution chart, Aspen Aerogels ranks #1647 out of 1743 companies in the Construction industry, placing it in the top 94.5%.
Is Aspen Aerogels' ROE % too high?
Aspen Aerogels' current ROE % is -42.21%. Based on the distribution chart, Aspen Aerogels ranks #1647 out of 1743 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Aspen Aerogels has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aspen Aerogels' ROE % compare to SWIM and JLHL?
According to the Construction industry distribution chart, Aspen Aerogels ranks #1647 out of 1743 companies for ROE %. This places Aspen Aerogels in the lower half of its industry. The industry median ROE % is 6.71. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Construction company?
The median ROE % among Construction companies is 6.71, based on 1,743 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Aspen Aerogels and its competitors. For the Construction industry, the median ROE % is 6.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aspen Aerogels's current ROE % is -42.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspen Aerogels stock overvalued right now?
Based on GuruFocus' analysis, Aspen Aerogels (ASPN) is currently considered Modestly Overvalued. The stock's GF Value™ is $5.13, compared to a current price of $5.73 — trading 11.7% above its estimated fair value. The current ROE % is -42.21%. Aspen Aerogels' overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Aspen Aerogels (ASPN), the current ROE % is -42.21% 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.
Is Aspen Aerogels (ASPN) Overvalued in 2026?
Based on GuruFocus' analysis, Aspen Aerogels stock appears to be overvalued.
The current stock price of $5.73 is trading 11.7% above its estimated GF Value™ of $5.13.
GuruFocus considers Aspen Aerogels to be Modestly Overvalued.
Key valuation signals for ASPN:
ROE %: -42.21%
GF Value™: $5.13 vs. price of $5.73 (11.7% above fair value)
No single metric tells the full story. See the ASPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aspen Aerogels Inc is an aerogel technology company that designs, develops, and manufactures high-performance aerogel insulation used in the energy industrial and sustainable insulation markets. The company also conducts research and development related to aerogel technology, supported by funding from several agencies of the United States of America government and other institutions in the form of research and development contracts. It is engaged in two operating segment Energy Industrial and Thermal Barrier. Geographically, it operates in the U.S. and also has a presence in other International countries. It generates the majority of its revenue from the Thermal Barrier segment and the United States market. Some of its products include Pyrogel XTE, Cryogel Z, Spaceloft Subsea, and others.
66GF Score
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