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Horizon Global Corporation Income Statement 2021-2011 | HZN
Brief overview of financial performance at Horizon Global Corporation
The overview follows changes across a five-year period. Horizon Global Corporation reported revenue of 649 million dollars in 2016 and 782 million dollars by 2021. Across the full period, sales moved by +20.5%; the average annual rate was 3.8%. The revenue trend is close to stagnation.
The gross result shifted from 160 million dollars to 143 million dollars, or −11.1%. The cost base moved against the top-line trend and weighed on the gross result. At the margin level, the figure shifted from 24.7% to 18.2%. Weakening gross profitability reduces the quality of the top-line trend.
The five-year EBITDA result moved by +76.4%: from 16.6 million dollars to 29.2 million dollars. EBITDA grew faster than revenue, indicating positive operating leverage. EBITDA margin moved from 2.6% to 3.7%. Operating efficiency did not change materially.
The net financial result changed from −12.4 million dollars to −31.7 million dollars. The period ended with a larger loss than it began with.
The market value of the business moved from $343 million to $144 million, or −58.2%. The market is not yet fully reflecting the fundamental progress.
Overall conclusion
The indicators point to a weaker financial profile. The strongest signals are higher operating efficiency. The most visible risks are a weaker market valuation, weaker gross profitability and a low EBITDA margin. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Horizon Global Corporation
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
144 M | 242 M | 77.7 M | 67.4 M | 204 M | 343 M | 160 M | - | - | - | - |
Shares |
27.1 M | 25.8 M | 25.3 M | 25.1 M | 24.8 M | 18.8 M | 18.1 M | 18.1 M | 18.1 M | - | - |
Historical Prices |
5.3 | 9.4 | 3.07 | 2.69 | 8.24 | 18.3 | 8.83 | - | - | - | - |
Net Income |
-31.7 M | -36.6 M | 80.8 M | -204 M | -20.8 M | -12.4 M | 8.3 M | 15.4 M | 9.78 M | - | - |
Revenue |
782 M | 661 M | 690 M | 714 M | 196 M | 649 M | 576 M | 612 M | 588 M | - | - |
Cost of Revenue |
640 M | 541 M | 594 M | 605 M | 685 M | 489 M | 432 M | 464 M | 463 M | - | - |
Gross Profit |
143 M | 121 M | 96.2 M | 109 M | 36.1 M | 160 M | 143 M | 148 M | 125 M | - | - |
Operating Income |
7.22 M | -6.91 M | -57.2 M | -191 M | 34.8 M | 6.3 M | 19.6 M | 24.5 M | 5.67 M | - | - |
Interest Expense |
28 M | 31.7 M | 58.3 M | 27.4 M | 22.4 M | 20.1 M | 8.81 M | 720 K | 820 K | - | - |
EBITDA |
29.2 M | 16 M | -41.2 M | -178 M | 49.7 M | 16.6 M | 29.3 M | 35.8 M | 17.6 M | - | - |
Operating Expenses |
- | 127 M | 154 M | 185 M | 172 M | 145 M | 121 M | 123 M | 121 M | - | - |
General and Administrative Expenses |
135 M | 127 M | 154 M | 171 M | 172 M | 145 M | 121 M | 123 M | 121 M | - | - |
All numbers in USD currency
Quarterly Income Statement Horizon Global Corporation
| 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
- | 27.7 M | 27.6 M | 27.3 M | 27.3 M | 27.3 M | 27 M | 26.7 M | 26.4 M | 25.9 M | 25.6 M | 25.4 M | 25.4 M | 25.3 M | 25.3 M | 25.2 M | 25.2 M | 25.1 M | 25 M | 25 M | 24.9 M | 24.9 M | 25.4 M | 23.8 M | 20.9 M | 18.2 M | 18.2 M | 18.1 M | 18.1 M | 18.1 M | 18.1 M | 18.1 M | - | 18.1 M | 18.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
- | -25.5 M | -22.2 M | -26.7 M | - | -2.47 M | 1.29 M | -14.8 M | - | 1.93 M | -16.3 M | -16.7 M | - | 146 M | -8.08 M | -25.1 M | -46.8 M | -32.8 M | -66.9 M | -57.5 M | -20.8 M | 6.89 M | 20.3 M | -9.86 M | -22.2 M | 370 K | 7.33 M | 2.19 M | -1.73 M | 6.35 M | 2.2 M | 1.48 M | - | 5.21 M | 10.8 M | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
- | 149 M | 181 M | 181 M | - | 197 M | 222 M | 199 M | - | 202 M | 120 M | 163 M | - | 178 M | 223 M | 210 M | 172 M | 228 M | 233 M | 217 M | 196 M | 240 M | 254 M | 203 M | 184 M | 152 M | 168 M | 146 M | 121 M | 153 M | 159 M | 142 M | 128 M | 158 M | 178 M | 148 M | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
- | 132 M | 160 M | 161 M | - | 158 M | 175 M | 159 M | - | 158 M | 102 M | 137 M | - | 150 M | 179 M | 178 M | - | 184 M | 186 M | 178 M | - | 182 M | 186 M | 158 M | - | 109 M | 122 M | 108 M | - | 116 M | 121 M | 107 M | - | 120 M | 132 M | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
- | 16.6 M | 20.7 M | 20.2 M | - | 38.8 M | 47.3 M | 40.6 M | - | 43.4 M | 18 M | 26.2 M | - | 28.3 M | 44 M | 32.1 M | 14.2 M | 43.6 M | 47.6 M | 38.4 M | 36.1 M | 58.4 M | 67.7 M | 45.4 M | 34.5 M | 42.5 M | 45.7 M | 37.6 M | 32.2 M | 37.8 M | 37.8 M | 35.3 M | 27.6 M | 38.2 M | 46.7 M | 35.7 M | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
- | -8.62 M | -10.3 M | -13.6 M | - | 6.33 M | 11.3 M | 6.78 M | - | 8.56 M | -7.97 M | -6.68 M | - | -12.8 M | 7.05 M | -7.99 M | - | -23.9 M | -64.1 M | -53.3 M | - | 13.3 M | 24.2 M | -660 K | - | 6.63 M | 11.1 M | 7.81 M | - | 8.61 M | 5.36 M | 3.71 M | - | 7.87 M | 15 M | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
- | 10.2 M | 8.31 M | 7.67 M | - | 6.97 M | 6.98 M | 7.05 M | - | 7.56 M | 8.22 M | 8.19 M | - | 24.1 M | 15.4 M | 10.9 M | - | 7.65 M | 6.19 M | 5.95 M | - | 5.54 M | 5.22 M | 5.89 M | - | 4.1 M | 4.23 M | 4.27 M | - | 4.35 M | 120 K | 120 K | - | 150 K | 170 K | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
- | -5.42 M | -6.91 M | -10.2 M | - | 10.3 M | 14.9 M | 11 M | - | 12.6 M | -4.36 M | -3.19 M | - | -8.17 M | 12.1 M | -3.72 M | - | -19.6 M | -60 M | -49.1 M | - | 17.1 M | 27.5 M | 2.57 M | - | 9.13 M | 13.5 M | 10.4 M | - | 11.1 M | 7.9 M | 6.25 M | - | 10.8 M | 18 M | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
- | 25.3 M | 31 M | 33.8 M | - | 32.4 M | 36 M | 33.8 M | - | 34.8 M | 26 M | 32.9 M | - | 41.1 M | 37 M | 41.5 M | - | 40.9 M | 56 M | 48.3 M | - | 44.8 M | 43.4 M | 46.1 M | - | 35.8 M | 32 M | 29.7 M | - | 29.1 M | 30.6 M | 31.6 M | - | 30.3 M | 31.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Horizon Global Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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