Common-Size Income Statement
Quarterly Data
Synopsys Inc., common-size consolidated income statement (quarterly data)
Based on: 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-K (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-K (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-K (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-K (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31).
- Revenue Composition Trends
- The proportion of revenue derived from time-based products generally declined over the analyzed periods, starting at around 67.49% in early 2019 and falling to approximately 51.29% by mid-2025. Conversely, upfront product revenue as a percentage of total revenue experienced fluctuations, with an overall increasing trajectory from around 15.91% to near 31.83% during the same timeframe. The combined products revenue remained relatively stable, consistently representing approximately 81% to 85% of total revenue. Maintenance and service revenue as a percentage of total revenue fluctuated modestly around the 16% to 19% range, exhibiting some increase in later periods.
- Cost of Revenue and Gross Margin
- Cost of revenue as a percentage of total revenue showed a tendency to decrease over time, beginning at approximately 23.51% and reaching levels near 21.87% by mid-2025, albeit with some variability. This decrease supported relatively high and stable gross margins, which fluctuated mostly between 77% and 81%, suggesting strong cost control and pricing power throughout the periods examined.
- Operating Expenses
- Operating expenses as a percentage of revenue exhibited variability but no consistent long-term trend. Research and development costs were the most significant component, fluctuating between approximately 30% and 38% of revenue, with slight reductions observed in certain periods followed by rebounds. Sales and marketing expenses displayed a general declining trend, moving from about 19% to approximately 14% in later periods, potentially indicating improved efficiency or strategic shifts. General and administrative expenses generally increased over time, especially toward the end of the period where a notable rise occurred, culminating near 16% by mid-2025. Amortization of acquired intangible assets as an operating expense remained relatively stable and low, with some spikes toward the final periods.
- Profitability Indicators
- Operating income as a percentage of revenue demonstrated fluctuations with notable peaks around early 2022 exceeding 27%, followed by declines and rebounds, indicating variable operating efficiency. Income before income taxes generally moved in parallel with operating income, showing an increase to over 30% in early 2024 before softening subsequently. Net income from continuing operations largely mirrored pre-tax income trends, with variability but sustained strong profitability ratios above 15% in most periods, peaking near 29% around early 2024. Significant spikes in net income attributed to discontinued operations were observed in late 2024, suggesting one-time gains affecting overall earnings.
- Other Financial Items
- Interest expense was negligible or unreported during most of the periods, becoming noticeable only in the most recent quarters with negative impacts exceeding 5% of revenue in some cases. Other income and expense items fluctuated without a clear trend, occasionally contributing positively or negatively to overall income. Restructuring charges were irregular, generally modest but occasionally material, indicating periodic organizational changes.
- Tax Provisions and Net Income Attribution
- Income tax provisions showed variability, alternating between slight benefits and charges, with occasional negative provisions reflecting tax benefits or adjustments. Net income attributed to the company closely followed net income from continuing operations, confirming consistent attribution practices. Non-controlling interests represented a minor fraction of net income and demonstrated low volatility.