MSC Co Ltd
KOSDAQ:009780
Income Statement
Earnings Waterfall
MSC Co Ltd
Income Statement
MSC Co Ltd
| Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
2 803
|
1 186
|
0
|
0
|
1 980
|
890
|
1 304
|
1 713
|
1 699
|
1 584
|
1 519
|
1 454
|
1 414
|
1 411
|
1 434
|
1 434
|
1 388
|
1 327
|
1 282
|
1 259
|
1 237
|
1 256
|
1 258
|
1 265
|
1 286
|
1 290
|
1 253
|
1 202
|
1 143
|
1 062
|
986
|
890
|
798
|
711
|
640
|
596
|
581
|
580
|
633
|
797
|
1 128
|
1 509
|
1 761
|
1 876
|
1 852
|
1 801
|
1 999
|
2 221
|
2 393
|
0
|
0
|
0
|
|
| Revenue |
114 903
N/A
|
116 247
+1%
|
119 489
+3%
|
120 124
+1%
|
127 198
+6%
|
131 800
+4%
|
131 795
0%
|
132 330
+0%
|
129 226
-2%
|
131 622
+2%
|
133 058
+1%
|
134 798
+1%
|
134 818
+0%
|
131 343
-3%
|
131 763
+0%
|
133 107
+1%
|
135 618
+2%
|
138 386
+2%
|
137 802
0%
|
140 168
+2%
|
141 955
+1%
|
142 333
+0%
|
146 909
+3%
|
144 788
-1%
|
144 605
0%
|
150 913
+4%
|
150 265
0%
|
146 389
-3%
|
150 667
+3%
|
145 915
-3%
|
147 986
+1%
|
150 212
+2%
|
146 371
-3%
|
149 106
+2%
|
149 770
+0%
|
153 266
+2%
|
162 049
+6%
|
169 037
+4%
|
176 746
+5%
|
192 066
+9%
|
204 299
+6%
|
209 362
+2%
|
207 738
-1%
|
200 550
-3%
|
189 048
-6%
|
185 633
-2%
|
184 608
-1%
|
183 864
0%
|
189 757
+3%
|
192 386
+1%
|
196 822
+2%
|
201 654
+2%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(92 150)
|
(93 679)
|
(95 995)
|
(96 573)
|
(101 816)
|
(104 841)
|
(104 358)
|
(104 149)
|
(102 005)
|
(104 009)
|
(105 909)
|
(106 134)
|
(105 855)
|
(103 346)
|
(103 358)
|
(104 468)
|
(104 323)
|
(106 079)
|
(104 959)
|
(108 089)
|
(109 865)
|
(110 221)
|
(114 811)
|
(112 049)
|
(113 356)
|
(119 194)
|
(118 062)
|
(115 420)
|
(122 234)
|
(117 691)
|
(120 558)
|
(123 515)
|
(120 262)
|
(122 803)
|
(121 157)
|
(122 929)
|
(127 200)
|
(132 361)
|
(140 223)
|
(152 819)
|
(162 053)
|
(165 338)
|
(162 475)
|
(156 238)
|
(147 364)
|
(145 145)
|
(143 727)
|
(140 894)
|
(143 451)
|
(142 772)
|
(145 029)
|
(149 623)
|
|
| Gross Profit |
22 754
N/A
|
22 568
-1%
|
23 494
+4%
|
23 552
+0%
|
25 382
+8%
|
26 961
+6%
|
27 438
+2%
|
28 181
+3%
|
27 221
-3%
|
27 612
+1%
|
27 149
-2%
|
28 664
+6%
|
28 963
+1%
|
27 998
-3%
|
28 406
+1%
|
28 640
+1%
|
31 295
+9%
|
32 307
+3%
|
32 843
+2%
|
32 079
-2%
|
32 089
+0%
|
32 112
+0%
|
32 097
0%
|
32 738
+2%
|
31 250
-5%
|
31 719
+2%
|
32 203
+2%
|
30 969
-4%
|
28 433
-8%
|
28 223
-1%
|
27 428
-3%
|
26 697
-3%
|
26 108
-2%
|
26 304
+1%
|
28 613
+9%
|
30 337
+6%
|
34 849
+15%
|
36 676
+5%
|
36 523
0%
|
39 248
+7%
|
42 246
+8%
|
44 024
+4%
|
45 263
+3%
|
44 313
-2%
|
41 684
-6%
|
40 488
-3%
|
40 881
+1%
|
42 970
+5%
|
46 306
+8%
|
49 614
+7%
|
51 794
+4%
|
52 032
+0%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(18 618)
|
(17 898)
|
(18 577)
|
(18 374)
|
(19 638)
|
(20 844)
|
(21 329)
|
(21 319)
|
(20 276)
|
(20 699)
|
(19 744)
|
(20 394)
|
(21 004)
|
(19 980)
|
(20 153)
|
(19 273)
|
(18 404)
|
(18 745)
|
(19 143)
|
(19 120)
|
(19 266)
|
(19 639)
|
(18 617)
|
(18 282)
|
(17 766)
|
(17 461)
|
(17 509)
|
(17 106)
|
(13 751)
|
(13 563)
|
(12 949)
|
(12 901)
|
(13 234)
|
(12 548)
|
(11 711)
|
(10 944)
|
(13 577)
|
(13 629)
|
(13 376)
|
(13 654)
|
(17 564)
|
(18 666)
|
(19 911)
|
(20 833)
|
(17 981)
|
(18 116)
|
(18 042)
|
(18 203)
|
(18 788)
|
(18 792)
|
(19 339)
|
(19 893)
|
|
| Selling, General & Administrative |
(18 106)
|
(17 531)
|
(18 210)
|
(18 007)
|
(19 131)
|
(20 633)
|
(20 956)
|
(20 825)
|
(19 778)
|
(20 155)
|
(19 241)
|
(19 873)
|
(20 474)
|
(19 434)
|
(19 587)
|
(18 712)
|
(17 846)
|
(18 202)
|
(18 610)
|
(18 593)
|
(18 747)
|
(19 128)
|
(18 120)
|
(17 797)
|
(17 297)
|
(17 000)
|
(17 050)
|
(16 538)
|
(13 095)
|
(12 868)
|
(12 213)
|
(12 235)
|
(12 561)
|
(11 876)
|
(11 045)
|
(10 282)
|
(12 930)
|
(13 032)
|
(12 835)
|
(13 094)
|
(16 849)
|
(17 854)
|
(18 994)
|
(19 867)
|
(17 090)
|
(17 193)
|
(17 080)
|
(17 238)
|
(17 867)
|
(17 857)
|
(18 382)
|
(18 896)
|
|
| Depreciation & Amortization |
(513)
|
(366)
|
0
|
0
|
(506)
|
(211)
|
(373)
|
(494)
|
(498)
|
(544)
|
(503)
|
(522)
|
(531)
|
(547)
|
(567)
|
(561)
|
(557)
|
(543)
|
(532)
|
(526)
|
(518)
|
(504)
|
(491)
|
(480)
|
(469)
|
(462)
|
(459)
|
(567)
|
(656)
|
(694)
|
(736)
|
(666)
|
(672)
|
(671)
|
(666)
|
(662)
|
(647)
|
(597)
|
(541)
|
(551)
|
(715)
|
(813)
|
(917)
|
(966)
|
(891)
|
(923)
|
(962)
|
(965)
|
(921)
|
(935)
|
(957)
|
(997)
|
|
| Other Operating Expenses |
0
|
0
|
(367)
|
(367)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(6)
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
4 135
N/A
|
4 671
+13%
|
4 917
+5%
|
5 177
+5%
|
5 745
+11%
|
6 115
+6%
|
6 109
0%
|
6 863
+12%
|
6 945
+1%
|
6 913
0%
|
7 404
+7%
|
8 269
+12%
|
7 959
-4%
|
8 018
+1%
|
8 253
+3%
|
9 367
+13%
|
12 891
+38%
|
13 562
+5%
|
13 701
+1%
|
12 960
-5%
|
12 824
-1%
|
12 474
-3%
|
13 481
+8%
|
14 457
+7%
|
13 484
-7%
|
14 258
+6%
|
14 694
+3%
|
13 862
-6%
|
14 682
+6%
|
14 659
0%
|
14 477
-1%
|
13 795
-5%
|
12 875
-7%
|
13 756
+7%
|
16 902
+23%
|
19 393
+15%
|
21 271
+10%
|
23 047
+8%
|
23 147
+0%
|
25 594
+11%
|
24 683
-4%
|
25 358
+3%
|
25 352
0%
|
23 479
-7%
|
23 703
+1%
|
22 372
-6%
|
22 838
+2%
|
24 767
+8%
|
27 518
+11%
|
30 821
+12%
|
32 455
+5%
|
32 139
-1%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(2 054)
|
(1 894)
|
(1 556)
|
(1 528)
|
(1 629)
|
(1 680)
|
(1 506)
|
(1 518)
|
(1 787)
|
(1 242)
|
(2 014)
|
(2 157)
|
(1 581)
|
(1 983)
|
(1 342)
|
(1 135)
|
(943)
|
(927)
|
(616)
|
(439)
|
(893)
|
(637)
|
(522)
|
(712)
|
(468)
|
(425)
|
(603)
|
(304)
|
(426)
|
(510)
|
(631)
|
(662)
|
(562)
|
(220)
|
(39)
|
301
|
438
|
598
|
1 121
|
17
|
110
|
(517)
|
(969)
|
(203)
|
(186)
|
(238)
|
(719)
|
(803)
|
(808)
|
(940)
|
(677)
|
(582)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(4)
|
(4)
|
(9)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
0
|
(14)
|
(57)
|
(48)
|
(54)
|
(184)
|
(149)
|
(270)
|
(280)
|
(133)
|
(136)
|
(21)
|
(7)
|
|
| Gain/Loss on Disposition of Assets |
(18)
|
(12)
|
0
|
0
|
5
|
2
|
7
|
68
|
62
|
54
|
50
|
(13)
|
(10)
|
32
|
35
|
45
|
47
|
14
|
13
|
4
|
11
|
0
|
32
|
42
|
34
|
38
|
18
|
13
|
10
|
7
|
6
|
2
|
6
|
5
|
9
|
84
|
84
|
0
|
(978)
|
(1 053)
|
(1 043)
|
0
|
28
|
29
|
(57)
|
(55)
|
(79)
|
(71)
|
5
|
0
|
21
|
14
|
|
| Total Other Income |
163
|
286
|
247
|
178
|
219
|
140
|
115
|
166
|
5
|
47
|
146
|
105
|
245
|
283
|
249
|
218
|
364
|
290
|
332
|
289
|
96
|
215
|
119
|
258
|
240
|
153
|
141
|
60
|
50
|
151
|
177
|
185
|
156
|
88
|
37
|
17
|
(1 519)
|
(1 400)
|
(1 626)
|
(1 619)
|
(164)
|
(1 189)
|
54
|
9
|
150
|
183
|
180
|
222
|
203
|
78
|
(1 394)
|
(1 282)
|
|
| Pre-Tax Income |
2 226
N/A
|
3 052
+37%
|
3 608
+18%
|
3 827
+6%
|
4 339
+13%
|
4 579
+6%
|
4 726
+3%
|
5 578
+18%
|
5 225
-6%
|
5 771
+10%
|
5 585
-3%
|
6 205
+11%
|
6 613
+7%
|
6 349
-4%
|
7 195
+13%
|
8 494
+18%
|
12 360
+46%
|
12 935
+5%
|
13 425
+4%
|
12 810
-5%
|
12 029
-6%
|
12 052
+0%
|
13 110
+9%
|
14 044
+7%
|
13 290
-5%
|
14 023
+6%
|
14 250
+2%
|
13 632
-4%
|
14 317
+5%
|
14 309
0%
|
14 031
-2%
|
13 321
-5%
|
12 475
-6%
|
13 629
+9%
|
16 908
+24%
|
19 795
+17%
|
20 274
+2%
|
22 244
+10%
|
21 655
-3%
|
22 939
+6%
|
23 573
+3%
|
23 595
+0%
|
24 417
+3%
|
23 260
-5%
|
23 427
+1%
|
22 113
-6%
|
21 951
-1%
|
23 835
+9%
|
26 785
+12%
|
29 823
+11%
|
30 384
+2%
|
30 282
0%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
715
|
554
|
208
|
(156)
|
(1 063)
|
(888)
|
(680)
|
(874)
|
(481)
|
(901)
|
(1 079)
|
(1 341)
|
(1 463)
|
(1 211)
|
(1 274)
|
(1 638)
|
(2 445)
|
(2 672)
|
(2 759)
|
(2 555)
|
(796)
|
(778)
|
(941)
|
(994)
|
(2 596)
|
(2 592)
|
(3 056)
|
(2 944)
|
(2 712)
|
(2 895)
|
(2 421)
|
(2 023)
|
(3 535)
|
(3 780)
|
(4 579)
|
(5 569)
|
(4 886)
|
(5 468)
|
(5 516)
|
(5 977)
|
(5 448)
|
(5 290)
|
(5 181)
|
(4 708)
|
(4 959)
|
(4 408)
|
(4 417)
|
(4 813)
|
(5 021)
|
(5 700)
|
(5 793)
|
(6 083)
|
|
| Income from Continuing Operations |
2 941
|
3 605
|
3 817
|
3 671
|
3 276
|
3 691
|
4 046
|
4 705
|
4 744
|
4 871
|
4 507
|
4 864
|
5 150
|
5 138
|
5 920
|
6 856
|
9 915
|
10 263
|
10 666
|
10 254
|
11 233
|
11 273
|
12 169
|
13 052
|
10 694
|
11 433
|
11 195
|
10 688
|
11 605
|
11 414
|
11 610
|
11 298
|
8 940
|
9 850
|
12 329
|
14 226
|
15 388
|
16 777
|
16 139
|
16 962
|
18 125
|
18 305
|
19 236
|
18 552
|
18 467
|
17 705
|
17 534
|
19 022
|
21 764
|
24 124
|
24 591
|
24 199
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
2 941
N/A
|
3 605
+23%
|
3 817
+6%
|
3 671
-4%
|
3 276
-11%
|
3 691
+13%
|
4 046
+10%
|
4 705
+16%
|
4 744
+1%
|
4 871
+3%
|
4 507
-7%
|
4 864
+8%
|
5 150
+6%
|
5 138
0%
|
5 920
+15%
|
6 856
+16%
|
9 915
+45%
|
10 263
+4%
|
10 666
+4%
|
10 254
-4%
|
11 233
+10%
|
11 273
+0%
|
12 169
+8%
|
13 052
+7%
|
10 694
-18%
|
11 433
+7%
|
11 195
-2%
|
10 688
-5%
|
11 605
+9%
|
11 414
-2%
|
11 610
+2%
|
11 298
-3%
|
8 940
-21%
|
9 850
+10%
|
12 329
+25%
|
14 226
+15%
|
15 388
+8%
|
16 777
+9%
|
16 139
-4%
|
16 962
+5%
|
18 125
+7%
|
18 305
+1%
|
19 236
+5%
|
18 552
-4%
|
18 467
0%
|
17 705
-4%
|
17 534
-1%
|
19 022
+8%
|
21 764
+14%
|
24 124
+11%
|
24 591
+2%
|
24 199
-2%
|
|
| EPS (Diluted) |
163.38
N/A
|
200.27
+23%
|
212.05
+6%
|
203.94
-4%
|
182
-11%
|
205.05
+13%
|
224.77
+10%
|
261.38
+16%
|
263.55
+1%
|
270.61
+3%
|
250.38
-7%
|
270.22
+8%
|
286.11
+6%
|
285.44
0%
|
328.88
+15%
|
380.88
+16%
|
550.83
+45%
|
570.16
+4%
|
592.55
+4%
|
569.66
-4%
|
624.05
+10%
|
626.27
+0%
|
676.05
+8%
|
725.11
+7%
|
594.11
-18%
|
635.16
+7%
|
621.94
-2%
|
593.77
-5%
|
644.72
+9%
|
634.11
-2%
|
725.62
+14%
|
627.66
-14%
|
496.66
-21%
|
559.64
+13%
|
700.5
+25%
|
808.28
+15%
|
874.35
+8%
|
953.22
+9%
|
916.98
-4%
|
963.78
+5%
|
1 029.81
+7%
|
1 040.08
+1%
|
1 092.93
+5%
|
1 054.08
-4%
|
1 049.28
0%
|
1 005.96
-4%
|
996.23
-1%
|
1 080.78
+8%
|
1 236.58
+14%
|
1 370.68
+11%
|
1 397.21
+2%
|
1 374.94
-2%
|
|