Common-Size Income Statement
Quarterly Data
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- Income Statement
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Enterprise Value (EV)
- Selected Financial Data since 2007
- Price to Operating Profit (P/OP) since 2007
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Super Micro Computer Inc., common-size consolidated income statement (quarterly data)
Based on: 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30).
- Gross Profit Trend
- The gross profit margin experienced fluctuations over the reported periods. Starting from 12.69% in September 2018, it showed an increasing trend reaching peaks around 18.76% in September 2022. However, toward the latest periods, a sharp decline is evident, dropping to 9.57% by March 2025. This indicates variability in cost control or pricing strategies over time.
- Cost of Sales Trend
- Cost of sales as a percentage of net sales generally decreased from 87.31% in September 2018 to a low around 81.24% in September 2022, reflecting improvements in production efficiency or favorable input costs. Subsequently, the cost of sales percentage rose significantly, reaching approximately 90.43% in March 2025, which correlates with the decline in gross profit margin during the same timeframe.
- Research and Development Expenses
- Research and development (R&D) expenses relative to net sales exhibited a generally declining trend over the periods. Starting at -4.43% in September 2018, R&D expenses peaked negatively at around -7.45% in June 2020 but then decreased consistently to levels near -2.38% by December 2024. This may indicate a strategic reduction in R&D investment or improved efficiency in research expenditures.
- Sales and Marketing Expenses
- Sales and marketing expenses as a percentage of net sales remained relatively stable but with a subtle decreasing trend. Beginning at -1.88% in September 2018, the proportion declined to values near -1.05% by December 2024 and showed minor oscillations thereafter, indicating continued control over selling costs.
- General and Administrative Expenses
- General and administrative costs showed a considerable reduction relative to net sales, decreasing from -3.45% in September 2018 to a low near -1.01% in December 2023 before a slight uptick to about -1.53% by March 2025. The declining trend suggests effective cost management in administrative functions over time.
- Operating Expenses
- Operating expenses as a whole decreased markedly from -9.76% of net sales in September 2018 to approximately -4.81% in June 2024, implying improved operational efficiency. However, slight increases near the end of the series appear, reaching around -6.38% by March 2025, corresponding with fluctuations in other expense categories.
- Income from Operations
- Operating income experienced variability, with initial values around 2.93% in September 2018. It peaked substantially at 11.93% in December 2022 but declined afterward to 3.19% by March 2025. This pattern indicates periods of strong operational profitability followed by challenges affecting operating margins.
- Other Income (Expense), Net
- Other income or expense items showed irregular movements, mostly minor in relative magnitude. Values oscillated around zero, with occasional positive or negative spikes, such as 0.43% in September 2022 and -0.4% in March 2025, suggesting no consistent trend but sporadic impacts on overall profitability.
- Interest Expense
- Interest expenses consistently remained low relative to net sales, generally below -0.3%, showing minor fluctuations without a clear long-term trend. This indicates manageable debt costs in relation to sales volume.
- Income Before Income Tax Provision
- Income before income tax mirrored operating income trends, starting near 2.71% in September 2018 and rising to highs exceeding 12% in late 2022, then declining to 2.5% by March 2025. This reflects fluctuations in core profitability before tax effects.
- Income Tax Provision
- The income tax provision showed variability, sometimes positive or negative. Notably, significant negative values occurred periodically, reflecting tax benefits or credits in certain quarters. This variability influences net income stability.
- Share of Income from Equity Investee
- Contributions from equity investees were minimal, fluctuating closely around zero throughout, indicating a relatively minor influence on overall profitability.
- Net Income
- Net income as a percentage of net sales followed the general profitability trends with increases from 1.99% in September 2018 to peaks near 10.45% in March 2024, followed by declines to approximately 2.36% by March 2025. This overall trajectory suggests periods of robust profitability interrupted by recent downward pressures.