ITT Historical Income Statement
| ITT Stock | USD 128.31 3.82 3.07% |
Historical analysis of ITT income statement accounts such as Total Revenue of 4.7 B or Gross Profit of 1.2 B can show how well ITT Inc performed in making a profits. Evaluating ITT income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ITT's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining ITT Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether ITT Inc is a good buy for the upcoming year.
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About ITT Income Statement Analysis
ITT Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to ITT shareholders. The income statement also shows ITT investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
ITT Income Statement Chart
ITT Inc Income Statement is one of the three primary financial statements used for reporting ITT's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of ITT Inc revenue and expense. ITT Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, ITT's Research Development is comparatively stable compared to the past year. Selling And Marketing Expenses is likely to gain to about 176.5 M in 2024, whereas EBIT is likely to drop slightly above 467 M in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts ITT Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of ITT Inc minus its cost of goods sold. It is profit before ITT operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of ITT Inc. It is also known as ITT overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on ITT Inc income statement and represents the costs associated with goods and services ITT provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Net Income Applicable To Common Shares
The net income that remains after preferred dividends have been deducted, available to common shareholders.Most accounts from ITT's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ITT Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ITT Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, ITT's Research Development is comparatively stable compared to the past year. Selling And Marketing Expenses is likely to gain to about 176.5 M in 2024, whereas EBIT is likely to drop slightly above 467 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 899.5M | 922.3M | 1.1B | 1.2B | Total Revenue | 2.8B | 3.0B | 3.3B | 4.7B |
ITT income statement Correlations
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ITT Account Relationship Matchups
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ITT income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 115.4M | 82.6M | 126.4M | 96.9M | 109.2M | 158.4M | |
| Interest Expense | 3M | 109.1M | (1.1M) | 6.4M | 10.4M | 9.9M | |
| Total Revenue | 2.8B | 2.5B | 2.8B | 3.0B | 3.3B | 4.7B | |
| Gross Profit | 910.1M | 782.2M | 899.5M | 922.3M | 1.1B | 1.2B | |
| Other Operating Expenses | 2.4B | 2.3B | 2.3B | 2.5B | 2.8B | 4.3B | |
| Operating Income | 411.4M | 226.5M | 504.3M | 468M | 528.2M | 413.8M | |
| Ebit | 411.4M | 226.5M | 504.3M | 468M | 529.8M | 467.0M | |
| Ebitda | 526.8M | 309.1M | 630.7M | 564.9M | 639M | 625.4M | |
| Cost Of Revenue | 1.9B | 1.7B | 1.9B | 2.1B | 2.2B | 3.5B | |
| Income Before Tax | 414.4M | 85.2M | 509.1M | 461.8M | 519.5M | 343.8M | |
| Total Other Income Expense Net | 3M | (141.3M) | 4.8M | (6.2M) | 1.8M | 1.9M | |
| Net Income | 325.1M | 72.5M | 316.3M | 367M | 410.5M | 335.9M | |
| Income Tax Expense | 89.9M | 15.3M | 189.6M | 91.1M | 104.8M | 98.0M | |
| Selling General Administrative | 254.1M | 200.7M | 214.3M | 211.6M | 302.6M | 563.6M | |
| Total Operating Expenses | 497.7M | 642.6M | 385.6M | 465M | 579.2M | 844.3M | |
| Research Development | 97.9M | 84.9M | 94.9M | 96.5M | 102.6M | 176.1M | |
| Net Income Applicable To Common Shares | 325.1M | 72.5M | 316.3M | 367M | 330.3M | 281.3M | |
| Discontinued Operations | 1.7M | 4M | 1.5M | (1.3M) | (1.2M) | (1.1M) | |
| Net Income From Continuing Ops | 324.5M | 69.9M | 319.5M | 370.7M | 437.5M | 292.0M | |
| Selling And Marketing Expenses | 165.9M | 146.5M | 150.8M | 156.9M | 174M | 176.5M | |
| Minority Interest | 1.1M | 1.4M | (4.7M) | (2.4M) | (3.3M) | (3.1M) | |
| Tax Provision | 89.9M | 15.3M | 189.6M | 91.1M | 111.8M | 109.5M | |
| Interest Income | 4.1M | 700K | 1.1M | 6.4M | 7.4M | 7.7M | |
| Extraordinary Items | 1.7M | 14.7M | 1.5M | (1.3M) | (1.5M) | (1.6M) | |
| Net Interest Income | 3M | 700K | 1.1M | (6.4M) | (11.2M) | (10.6M) | |
| Reconciled Depreciation | 113.4M | 112.2M | 113.1M | 107.4M | 108.7M | 120.9M |
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ITT Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for ITT Stock analysis
When running ITT's price analysis, check to measure ITT's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ITT is operating at the current time. Most of ITT's value examination focuses on studying past and present price action to predict the probability of ITT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ITT's price. Additionally, you may evaluate how the addition of ITT to your portfolios can decrease your overall portfolio volatility.
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Is ITT's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ITT. If investors know ITT will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ITT listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.117 | Dividend Share 1.189 | Earnings Share 5.11 | Revenue Per Share 41.31 | Quarterly Revenue Growth 0.141 |
The market value of ITT Inc is measured differently than its book value, which is the value of ITT that is recorded on the company's balance sheet. Investors also form their own opinion of ITT's value that differs from its market value or its book value, called intrinsic value, which is ITT's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ITT's market value can be influenced by many factors that don't directly affect ITT's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ITT's value and its price as these two are different measures arrived at by different means. Investors typically determine if ITT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ITT's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.