Common-Size Income Statement
Quarterly Data
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- Cash Flow Statement
- Analysis of Liquidity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
- Analysis of Revenues
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Intel Corp., common-size consolidated income statement (quarterly data)
Based on: 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
The financial data reveal fluctuating trends across multiple key metrics over the observed periods. Cost of sales as a percentage of net revenue generally increased, with some pronounced spikes, notably reaching as high as -84.97% in late 2024, indicating rising costs relative to revenue. Correspondingly, gross margin exhibited a downward trend with several rebounds; it peaked near 60.6% initially but dropped to lows around 15.03% before partially recovering to approximately 36.88% by early 2025.
Research and development expenses steadily rose as a percentage of net revenue, peaking above 35% in early 2023, before showing some decline yet remaining elevated compared to earlier periods. Marketing, general, and administrative costs also trended upward over time, moving from around -7.77% initially to fluctuating between -8.69% and -12.23% in later quarters, suggesting increased spending in these areas.
Restructuring and other charges demonstrated considerable volatility, including both positive and negative percentages, with an extreme negative impact around -42.32% in late 2024, indicating substantial irregular costs or gains that significantly affected operating results in certain periods.
Operating expenses rose substantially over the timeline, peaking near -83.21% of net revenue in late 2024, heavily impacting operating income (loss), which showed wide variations from positive margins above 35% early on, to sharp losses, including a nadir at -68.18% in late 2024. This suggests periods of operational challenges or restructuring impacting profitability.
Other income components such as gains (losses) on equity investments and interest and other net items exhibited fluctuating minor impacts, with occasional strong positive effects (e.g., a 23.55% gain in early 2022) and some negative values, but these did not consistently drive overall income changes.
Income before taxes followed a pattern similar to operating income, with strong positive margins early on exceeding 30%, then turning negative in multiple quarters, particularly in late 2024 where a substantial loss of -68.4% was observed. Tax provisions varied, showing both positive and negative figures, with some quarters indicating tax benefits offsetting pre-tax losses.
Finally, net income attributable to the company mirrored these swings, starting with strong positive performance around 28.55%, declining into sharp losses peaking at -125.26% in late 2024, and modest recovery thereafter. These fluctuations highlight significant volatility in profitability, tied primarily to increases in cost of sales, operating expenses, and restructuring charges over time.
- Cost of Sales
- Trend: Increasing cost burden with significant spikes impacting margins adversely.
- Gross Margin
- Trend: General decline with intermittent recoveries, indicating margin pressure.
- Research and Development
- Trend: Rising investment as a percentage of revenue, peaking mid-period before declining slightly.
- Marketing, General, and Administrative
- Trend: Gradual increase, reflecting greater overhead expenditures.
- Restructuring and Other Charges
- Trend: Highly volatile, with extreme negative impacts indicating episodic restructuring costs.
- Operating Expenses
- Trend: Steady increase culminating in significantly elevated expense ratios late in the period.
- Operating Income (Loss)
- Trend: Marked volatility with strong early profits turning into large losses in recent quarters.
- Income Before Taxes
- Trend: Reflects operating income trends with large swings and periods of significant loss.
- Net Income Attributable to Intel
- Trend: Strong early profitability followed by pronounced losses, with partial recovery toward the end.