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Magic Software Enterprises Ltd. (MGIC)
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Magic Software Enterprises Ltd. Income Statement 2024-2008 | MGIC
Brief overview of financial results at Magic Software Enterprises Ltd.
This overview is based on financial performance over the past five years. The revenue attributed to Magic Software Enterprises Ltd. moved from 326 million dollars to 553 million dollars between the two endpoints. The total change was +69.7%, with a CAGR of approximately 11.2%. Revenue followed a strong upward trend without signs of stagnation.
At the gross-profit level, the result moved from 102 million dollars to 158 million dollars, a change of +54.5%. Costs absorbed a larger share of revenue over the period. Gross margin moved from 31.4% to 28.6%. The contraction points to pressure from direct costs or weaker pricing power.
EBITDA changed from 47.7 million dollars to 0 dollars (−100%). Operating performance weakened relative to revenue. EBITDA margin was 14.6% at the start and 0% at the end. The margin contraction indicates weaker operating efficiency.
Net income changed from $20.3 million to $43.3 million (+113.6%). Net profitability strengthened faster than the top line.
Summary assessment
The indicators point to a weaker financial profile. Key strengths include improving net profitability and a larger revenue base. The main areas of concern are a narrow EBITDA buffer, pressure from direct costs and weaker operating efficiency. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement Magic Software Enterprises Ltd.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
- | - | - | 944 M | 783 M | 516 M | 361 M | 375 M | 308 M | 251 M | 235 M | 296 M | 166 M | 226 M | - | - | - |
Shares |
49.1 M | 49.1 M | 49.1 M | 49.1 M | 49 M | 48.9 M | 46.7 M | 44.4 M | 44.3 M | 44.2 M | 43.3 M | 36.8 M | 36.5 M | 36.3 M | 32.1 M | - | - |
Historical Prices |
- | - | - | 19.2 | 16 | 10.6 | 7.73 | 8.43 | 6.37 | 4.97 | 4.57 | 6.51 | 3.57 | 4.71 | - | - | - |
Net Income |
43.3 M | 42.5 M | 46.3 M | 29.3 M | 25.2 M | 20.3 M | 19.9 M | 15.4 M | 11.9 M | 16.2 M | 15.5 M | 15.9 M | 16.2 M | 15 M | 9.38 M | 6.18 M | - |
Revenue |
553 M | 535 M | 567 M | - | 371 M | 326 M | 284 M | 258 M | 202 M | 176 M | 164 M | 145 M | 126 M | 113 M | - | - | - |
Cost of Revenue |
395 M | 382 M | 411 M | 347 M | 262 M | 224 M | 196 M | 175 M | 133 M | 113 M | 99.7 M | 85.9 M | 73.4 M | 67.3 M | 51.4 M | 26.3 M | - |
Gross Profit |
158 M | 153 M | 155 M | 133 M | 110 M | 102 M | 88.8 M | 83 M | 68.3 M | 62.8 M | 64.6 M | 59.1 M | 53 M | 46.1 M | 37.1 M | 29.1 M | - |
Operating Income |
- | - | - | 51.2 M | 40.6 M | 33.7 M | 31.7 M | 26 M | 21.1 M | 21.4 M | 20.7 M | 19.1 M | 16.4 M | 14.7 M | 9.34 M | 6.23 M | - |
Interest Expense |
491 M | 478 M | 505 M | -844 K | -614 K | -374 K | -986 K | -1.12 M | - | 8 K | -67 K | -12 K | 136 K | 125 K | 159 K | 42 K | - |
EBITDA |
- | - | - | 66.1 M | 54.5 M | 47.7 M | 44.3 M | 39.6 M | 32.7 M | 31.3 M | 29.4 M | 27.5 M | 23.9 M | 19.8 M | 9.96 M | 6.23 M | - |
Operating Expenses |
- | - | - | - | 67.9 M | 68.5 M | 57.1 M | 57 M | 47.2 M | 41.4 M | 43.9 M | 39.9 M | 36.6 M | 31.4 M | 27.8 M | 22.9 M | - |
General and Administrative Expenses |
42 M | 40.8 M | 37.6 M | 32.1 M | 28 M | 29.8 M | 24.2 M | 22.8 M | 17.6 M | 13.4 M | 14.5 M | 13.2 M | 10.6 M | 9.16 M | 8.19 M | 8.21 M | - |
All numbers in USD currency
Quarterly Income Statement Magic Software Enterprises Ltd.
| 2024-Q4 | 2023-Q4 | 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 | 2010-Q4 | 2009-Q4 | 2008-Q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
49.1 M | 49.1 M | 49.1 M | - | - | - | 49.1 M | - | - | - | 49 M | - | - | - | 48.9 M | - | - | - | 48.9 M | - | 44.5 M | - | 44.5 M | - | - | - | 44.4 M | - | - | - | 44.3 M | - | - | - | 44.2 M | - | - | - | 37.2 M | - | 36.7 M | - | 36.6 M | - | - | - | 36.5 M | - | - | - | 32.1 M | - | - |
Net Income |
43.3 M | 42.5 M | 46.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9.38 M | 6.18 M | - |
Revenue |
553 M | 535 M | 567 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
395 M | 382 M | 411 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 51.4 M | 26.3 M | - |
Gross Profit |
158 M | 153 M | 155 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37.1 M | 29.1 M | - |
Operating Income |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9.34 M | 6.23 M | - |
Interest Expense |
491 M | 478 M | 505 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 159 K | 42 K | - |
EBITDA |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9.96 M | 6.23 M | - |
Operating Expenses |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 27.8 M | 22.9 M | - |
General and Administrative Expenses |
42 M | 40.8 M | 37.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.19 M | 8.21 M | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Magic Software Enterprises Ltd. (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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