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The Shyft Group Income Statement 2024-2008 | SHYF
Brief overview of financial performance at The Shyft Group
This overview is based on financial performance over the past five years. The Shyft Group reported revenue of $757 million in 2019 and $786 million by 2024. The five-year change reached +3.9%, while CAGR stood at 0.8%. The scale of the core business was largely unchanged.
The five-year change in gross profit reached +34.3%: from $117 million to $157 million. The relationship between sales and direct costs improved over the period. Gross profit as a share of revenue changed from 15.5% to 20%. The business retained more gross profit from each unit of revenue.
Over the period, EBITDA shifted from $58.9 million to $24.4 million, a change of −58.6%. The operating result developed less favorably than sales. EBITDA margin moved from 7.8% to 3.1%. The margin contraction indicates weaker operating efficiency.
The final result was −$12.6 million initially and −$2.8 million in the final year. Losses became smaller, but the business remains unprofitable.
Over the period, capitalization shifted from $616 million to $428 million (−30.6%). Capitalization lags the underlying business improvement.
Financial takeaway
Signs of deterioration dominate the five-year picture. Key strengths include improving net profitability and better sales economics. The most visible risks are limited operating profitability, pressure on operating profitability and weak sales momentum. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement The Shyft Group
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
428 M | 397 M | 903 M | 1.43 B | 1.17 B | 616 M | 279 M | 488 M | 322 M | 98.1 M | 178 M | 199 M | 182 M | 202 M | - | - | - |
Shares |
34.4 M | 34.7 M | 35.1 M | 35.3 M | 35.5 M | 35.3 M | 35.2 M | 34.9 M | 34.4 M | 33.8 M | 34.3 M | 33.6 M | 33.2 M | 33.4 M | 33 M | 32.7 M | - |
Historical Prices |
12.4 | 11.4 | 25.7 | 40.4 | 32.8 | 14.6 | 9 | 14.4 | 6.43 | 3.42 | 4.64 | 5.18 | 4.75 | 5.03 | |||
Net Income |
-2.8 M | 6.5 M | 36.6 M | 68.9 M | 32.8 M | -12.6 M | 15 M | 15.9 M | 8.61 M | -17 M | 1.17 M | -5.97 M | -2.46 M | 773 K | 4.14 M | 11.8 M | - |
Revenue |
786 M | 872 M | 1.03 B | 992 M | 676 M | 757 M | 816 M | 707 M | 591 M | 550 M | 507 M | 470 M | 471 M | 426 M | - | - | - |
Cost of Revenue |
629 M | 722 M | 847 M | 793 M | 530 M | 640 M | 497 M | 618 M | 518 M | - | - | - | - | - | - | - | - |
Gross Profit |
157 M | 150 M | 180 M | 199 M | 146 M | 117 M | 98.3 M | 89.2 M | 72.5 M | 47.1 M | 63.1 M | 53.1 M | 58.6 M | 60.6 M | 72.5 M | 81 M | - |
Operating Income |
4.11 M | 6.75 M | 47.5 M | 84.1 M | 48.8 M | 47.6 M | 22.5 M | 19.3 M | 8.62 M | -12.5 M | -1.15 M | -8.2 M | -2.59 M | 1.33 M | 10.8 M | 21 M | - |
Interest Expense |
2.2 M | 470 K | -750 K | 414 K | 1.29 M | 1.84 M | 12 K | - | - | - | - | - | - | - | - | - | - |
EBITDA |
24.4 M | 23.7 M | 62.3 M | 95.4 M | 63 M | 58.9 M | 27.9 M | 27.2 M | 17.5 M | -2.71 M | 8.58 M | 5.89 M | 9.02 M | 12.4 M | 21.5 M | 28.5 M | - |
Operating Expenses |
153 M | 144 M | 133 M | 115 M | 97.4 M | 69.3 M | 80.7 M | 72 M | 62.9 M | 57.3 M | 62.9 M | 56.4 M | 58.6 M | 58.2 M | 61.8 M | 60 M | - |
General and Administrative Expenses |
137 M | 118 M | 108 M | 107 M | 93.1 M | - | - | - | - | - | - | - | - | - | 43.9 M | 42.4 M | - |
All numbers in USD currency
Quarterly Income Statement The Shyft Group
| 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 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 |
34.9 M | 34.9 M | 34.5 M | 34.4 M | 34.3 M | 34.3 M | 34.6 M | 34.9 M | 35.1 M | 35.1 M | 35.1 M | 35 M | 35.1 M | 35.4 M | 35.3 M | 35.3 M | 35.3 M | 35.3 M | 35.6 M | 35.5 M | 35.4 M | 35.3 M | 35.3 M | 35.3 M | 35.3 M | 35.3 M | 35.2 M | 35.3 M | 35.1 M | 35.1 K | 35.1 M | 35.1 M | 33.7 M | 34.4 K | 34.4 M | 34.5 M | 34.3 M | 34.3 K | 33.9 M | 34.3 M | 33.7 M | 34.1 M | 34.2 M | 34.4 M | 33.7 M | 34.2 M | 34.1 M | 34.1 M | 33.4 M | 33.9 M | 33.4 M | 33.9 M | 33 M | 33.6 M | 33.5 M | 32.8 M | 32.7 M |
Net Income |
-1.44 M | - | 3.12 M | 2.16 M | -4.67 M | - | 4.52 M | 4.68 M | 1.71 M | - | 17.3 M | 5.28 M | -3.85 M | - | 20.9 M | 17 M | 11.6 M | 7.63 M | 18.4 M | -1.36 M | 7.81 M | -27.8 M | 10.4 M | 3.5 M | 1.4 M | 1.84 M | 5.24 M | 3.74 M | 4.19 M | 2.44 M | 13.5 M | 1.12 M | -1.1 M | 942 K | 2.74 M | 4.38 M | 543 K | -9.45 M | -5.82 M | 1.18 M | -2.88 M | -133 K | 3.2 M | 247 K | -2.14 M | -2.97 M | 563 K | 691 K | -4.25 M | -2.47 M | -327 K | 2.35 M | -2.02 M | 694 K | 3.2 M | -2.22 M | -898 K |
Revenue |
205 M | - | 194 M | 193 M | 198 M | - | 201 M | 225 M | 243 M | - | 286 M | 232 M | 207 M | - | 273 M | 244 M | 198 M | 172 M | 203 M | 124 M | 177 M | 180 M | 225 M | 180 M | 172 M | 174 M | 166 M | 124 M | 106 M | 181 M | 189 M | 170 M | 167 M | 146 M | 149 M | 163 M | 134 M | 141 M | 137 M | 145 M | 128 M | 119 M | 144 M | 116 M | 128 M | 126 M | 126 M | 121 M | 96.1 M | 124 M | 113 M | 114 M | 119 M | 111 M | 120 M | 99.4 M | 95.1 M |
Cost of Revenue |
164 M | - | 154 M | 152 M | 164 M | - | 165 M | 182 M | 201 M | - | 232 M | 190 M | 181 M | - | 217 M | 192 M | 158 M | - | 153 M | 100 M | 141 M | - | 187 M | 159 M | 209 M | 209 M | 200 M | 158 M | 151 M | - | 161 M | 150 M | 151 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
40.3 M | - | 39.6 M | 40.6 M | 34.1 M | - | 36.8 M | 42.8 M | 42.9 M | - | 54.1 M | 42.1 M | 25.9 M | - | 56.1 M | 51.9 M | 40 M | 35.2 M | 50.8 M | 24 M | 36.3 M | 37.4 M | 38 M | 20.9 M | 20.7 M | 19.1 M | 19.8 M | 19.4 M | 14.8 M | 24.7 M | 28.7 M | 19.5 M | 16.4 M | 17.9 M | 18 M | 20.8 M | 15.8 M | 5.33 M | 12.8 M | 17.4 M | 11.5 M | 15.5 M | 20.2 M | 14.7 M | 12.7 M | 15 M | 16.1 M | 15.6 M | 6.35 M | 13.2 M | 13 M | 18.7 M | 13.7 M | 14.5 M | 20.5 M | 12.7 M | 13 M |
Operating Income |
1.75 M | - | 5.33 M | 3.73 M | -1.93 M | - | 4.12 M | 6.59 M | 3.69 M | - | 22 M | 7.7 M | -5.55 M | - | 28.1 M | 22.2 M | 14.7 M | - | 26.4 M | -1.74 M | 13.4 M | - | 17.1 M | 6.25 M | 5.95 M | - | 6.35 M | 4.72 M | 2.88 M | - | 9.76 M | 1.16 M | -842 K | - | 2.59 M | 4.38 M | 691 K | - | -458 K | 2.34 M | -4.36 M | - | 4.27 M | 31 K | -3.54 M | - | 1.81 M | 1.07 M | -6.83 M | - | -275 K | 3.89 M | -3.42 M | - | 5.28 M | -3.65 M | -1.33 M |
Interest Expense |
130 K | - | 138 K | 80 K | 97 K | - | 15 K | 124 K | 1.65 M | - | 1.14 M | 463 K | 154 K | - | 253 K | 506 K | 183 K | - | 11 K | 515 K | -510 K | - | 473 K | 142 K | 332 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 49 K | 207 K | - | -72 K | 77 K | 84 K |
EBITDA |
7.25 M | - | 9.15 M | 7.63 M | 2.5 M | - | 7.48 M | 9.83 M | 7.55 M | - | 25.4 M | 11.4 M | -2.58 M | - | 36.4 M | 24.1 M | 17.2 M | - | 37.5 M | 6.41 M | 16.2 M | - | 19.8 M | 8.77 M | 8.48 M | - | 8.95 M | 7.3 M | 5.33 M | - | 12.4 M | 3.52 M | 1.48 M | - | 4.77 M | 6.15 M | 2.48 M | - | 1.41 M | 4.15 M | -2.59 M | - | 6.37 M | 2.19 M | -1.28 M | - | 4.2 M | 3.58 M | -4.79 M | - | 1.95 M | 6.13 M | -1.03 M | - | 7.59 M | -847 K | 1.07 M |
Operating Expenses |
38.6 M | - | 34.3 M | 36.9 M | 36 M | - | 32.6 M | 36.2 M | 39.2 M | - | 32.1 M | 34.4 M | 31.5 M | - | 28 M | 29.7 M | 25.3 M | 24.4 M | 24.3 M | 25.7 M | 22.9 M | 19.1 M | 20.9 M | 14.6 M | 14.8 M | 13.3 M | 11.4 M | 13.8 M | 12.1 M | - | 18.9 M | 18.3 M | 17.2 M | - | 15.4 M | 16.4 M | 15.1 M | - | 13.3 M | 15.1 M | 15.9 M | - | 13.8 M | 12.6 M | 16.3 M | - | 14.3 M | 14.6 M | 13.2 M | - | 13.2 M | 14.9 M | 17.2 M | - | 15.2 M | 16.3 M | 14.3 M |
General and Administrative Expenses |
34.7 M | - | 30.1 M | 32.4 M | 32.3 M | - | 27.4 M | 30.3 M | 32.3 M | - | 25 M | 26.9 M | 26.6 M | - | 25.4 M | 28.7 M | 24.5 M | - | 23.5 M | 24.6 M | 21.4 M | - | 19.8 M | 13.5 M | 13.5 M | - | 17.3 M | 19 M | 17.9 M | - | 17.1 M | 16.5 M | 14.6 M | - | 13.8 M | 14.4 M | 13.6 M | - | 12.4 M | 13.2 M | 13.6 M | - | 12.7 M | 11.9 M | 13.4 M | - | 11.6 M | 11.7 M | 10.4 M | - | 10.2 M | 11.6 M | 11.6 M | - | 11.9 M | 11.6 M | 10.7 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company The Shyft Group (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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