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The Michaels Companies, Inc. (MIK)
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TelegramThe Michaels Companies, Inc. Income Statement 2020-2011 | MIK
Brief overview of financial performance at The Michaels Companies, Inc.
This overview is based on financial performance over the past five years. The Michaels Companies, Inc. reported revenue of $4.7 billion in 2015 and $5.1 billion by 2020. The cumulative result was +7.1%, corresponding to roughly 1.4% per year. The revenue trend is close to stagnation.
The five-year change in gross profit reached −1.5%: from 1.9 billion dollars to 1.9 billion dollars. The gross margin was 40.1% at the start and 36.9% at the end. Weakening gross profitability reduces the quality of the top-line trend.
The operating result measured by EBITDA moved from 738 million dollars to 639 million dollars, or −13.4%. The operating result developed less favorably than sales. The EBITDA share of revenue changed from 15.6% to 12.6%. The business retained less EBITDA from each unit of revenue.
Net profit was $217 million at the start and $273 million at the end. Net profitability strengthened faster than the top line.
Market value was 5.5 billion dollars at the start and 619 million dollars at the end. Investors remain cautious despite better financial results.
Conclusion
The financial trajectory is weak and requires a cautious interpretation. Key strengths include a stronger final result. The main areas of concern are pressure on operating profitability, a lower gross margin and limited revenue growth. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement The Michaels Companies, Inc.
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
619 M | 2.31 B | 4.29 B | 4.28 B | 4.88 B | 5.54 B | - | - | - | - |
Shares |
153 M | 171 M | 186 M | 206 M | 209 M | 203 M | - | - | - | - |
Net Income |
273 M | 320 M | 390 M | 378 M | 363 M | 217 M | 243 M | 200 M | 157 M | 103 M |
Revenue |
5.07 B | 5.27 B | 5.36 B | 5.2 B | 4.91 B | 4.74 B | 4.57 B | 4.41 B | 4.21 B | 4.03 B |
EBITDA |
639 M | 686 M | 854 M | 824 M | 827 M | 738 M | 716 M | 697 M | 639 M | 591 M |
Operating Expenses |
1.36 B | 1.46 B | 1.39 B | 1.32 B | 1.26 B | 1.27 B | 1.21 B | 1.16 B | 1.14 B | 1.08 B |
General and Administrative Expenses |
1.31 B | 1.36 B | 1.39 B | 1.31 B | 1.25 B | 1.23 B | 1.19 B | 1.15 B | 1.12 B | 1.06 B |
Annual performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company The Michaels Companies, Inc. (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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