Exterran Corporation Income Statement 2021-2011 | EXTN

Brief overview of financial results at Exterran Corporation

The comparison covers a five-year financial horizon. Revenue reported by Exterran Corporation was $905 million at the beginning of the period and $630 million at the end. Across the full period, sales moved by −30.4%; the average annual rate was −7%. Revenue ended the period on a sustained downward trend.

At the gross-profit level, the result moved from $34.4 million to $276 million, a change of +702.8%. The relationship between sales and direct costs improved over the period. Comparing the endpoints gives gross margins of 3.8% and 43.9%. A wider margin shows that the economics of the core business improved.

The five-year EBITDA result moved by +31.7%: from 133 million dollars to 175 million dollars. EBITDA grew faster than revenue, indicating positive operating leverage. At the operating-margin level, the figure shifted from 14.7% to 27.8%. The company improved its ability to convert sales into EBITDA.

Net income moved from −$228 million at the start to −$113 million at the end. The loss narrowed, although sustainable profitability has not yet returned.

Market value was 826 million dollars at the start and 98.5 thousand dollars at the end. Capitalization lags the underlying business improvement.

Overall conclusion

The results present an uneven picture without one dominant signal. The constructive conclusion rests on an improving EBITDA margin, improving net profitability and better sales economics. Caution is warranted because of lower investor confidence and weak sales momentum. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.