Tecnicas Reunidas SA
MAD:TRE
Income Statement
Earnings Waterfall
Tecnicas Reunidas SA
Income Statement
Tecnicas Reunidas SA
| Sep-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Mar-2012 | Jun-2012 | Sep-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 |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
9
|
0
|
0
|
0
|
11
|
0
|
0
|
0
|
11
|
0
|
0
|
0
|
16
|
0
|
0
|
0
|
17
|
0
|
0
|
0
|
25
|
0
|
0
|
0
|
39
|
0
|
0
|
0
|
40
|
0
|
0
|
0
|
|
| Revenue |
809
N/A
|
1 030
+27%
|
1 234
+20%
|
1 411
+14%
|
1 550
+10%
|
1 672
+8%
|
1 792
+7%
|
1 833
+2%
|
1 884
+3%
|
1 917
+2%
|
1 970
+3%
|
2 018
+2%
|
2 077
+3%
|
2 092
+1%
|
2 081
0%
|
1 995
-4%
|
1 932
-3%
|
1 898
-2%
|
1 945
+3%
|
2 015
+4%
|
2 066
+3%
|
2 107
+2%
|
2 846
+35%
|
2 882
+1%
|
2 930
+2%
|
3 040
+4%
|
3 149
+4%
|
3 326
+6%
|
3 554
+7%
|
3 854
+8%
|
4 188
+9%
|
4 333
+3%
|
4 608
+6%
|
4 620
+0%
|
4 793
+4%
|
5 129
+7%
|
5 117
0%
|
5 237
+2%
|
5 068
-3%
|
4 841
-4%
|
4 699
-3%
|
4 441
-6%
|
4 396
-1%
|
5 146
+17%
|
6 264
+22%
|
6 479
+3%
|
4 699
-27%
|
7 091
+51%
|
5 802
-18%
|
5 291
-9%
|
3 521
-33%
|
3 102
-12%
|
2 834
-9%
|
2 816
-1%
|
2 808
0%
|
2 818
+0%
|
3 040
+8%
|
3 514
+16%
|
4 233
+20%
|
4 580
+8%
|
4 751
+4%
|
4 668
-2%
|
4 135
-11%
|
4 019
-3%
|
4 058
+1%
|
4 109
+1%
|
4 451
+8%
|
4 755
+7%
|
5 101
+7%
|
5 829
+14%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(487)
|
(676)
|
(854)
|
(996)
|
(1 124)
|
(1 156)
|
(1 218)
|
(1 225)
|
(1 286)
|
(1 269)
|
(1 277)
|
(1 319)
|
(1 434)
|
(1 424)
|
(1 500)
|
(1 389)
|
(1 319)
|
(1 277)
|
(1 233)
|
(1 261)
|
(1 290)
|
(1 435)
|
(1 946)
|
(1 985)
|
(1 972)
|
(1 935)
|
(2 059)
|
(2 213)
|
(2 351)
|
(2 694)
|
(3 020)
|
(3 095)
|
(3 396)
|
(3 316)
|
(3 407)
|
(3 810)
|
(3 744)
|
(4 052)
|
(4 051)
|
(3 847)
|
(3 774)
|
(3 449)
|
(3 437)
|
(3 935)
|
(4 851)
|
(5 109)
|
(3 680)
|
(5 575)
|
(4 474)
|
(4 007)
|
(2 595)
|
(2 169)
|
(2 144)
|
(2 135)
|
(2 124)
|
(2 187)
|
(2 271)
|
(2 698)
|
(3 353)
|
(3 648)
|
(3 745)
|
(3 609)
|
(3 029)
|
(2 869)
|
(2 884)
|
(2 910)
|
(3 210)
|
(3 477)
|
(3 766)
|
(4 429)
|
|
| Gross Profit |
321
N/A
|
354
+10%
|
380
+7%
|
414
+9%
|
426
+3%
|
516
+21%
|
575
+11%
|
607
+6%
|
599
-1%
|
647
+8%
|
693
+7%
|
699
+1%
|
644
-8%
|
668
+4%
|
581
-13%
|
606
+4%
|
611
+1%
|
622
+2%
|
712
+15%
|
754
+6%
|
776
+3%
|
672
-13%
|
901
+34%
|
897
0%
|
958
+7%
|
1 105
+15%
|
1 090
-1%
|
1 113
+2%
|
1 203
+8%
|
1 160
-4%
|
1 168
+1%
|
1 238
+6%
|
1 212
-2%
|
1 304
+8%
|
1 386
+6%
|
1 319
-5%
|
1 373
+4%
|
1 185
-14%
|
1 017
-14%
|
994
-2%
|
926
-7%
|
992
+7%
|
960
-3%
|
1 210
+26%
|
1 413
+17%
|
1 370
-3%
|
1 020
-26%
|
1 516
+49%
|
1 328
-12%
|
1 283
-3%
|
926
-28%
|
933
+1%
|
689
-26%
|
682
-1%
|
684
+0%
|
631
-8%
|
768
+22%
|
816
+6%
|
881
+8%
|
932
+6%
|
1 006
+8%
|
1 059
+5%
|
1 106
+4%
|
1 150
+4%
|
1 174
+2%
|
1 199
+2%
|
1 241
+4%
|
1 279
+3%
|
1 335
+4%
|
1 399
+5%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(283)
|
(303)
|
(317)
|
(339)
|
(342)
|
(424)
|
(473)
|
(503)
|
(490)
|
(540)
|
(582)
|
(585)
|
(528)
|
(551)
|
(463)
|
(490)
|
(501)
|
(511)
|
(602)
|
(642)
|
(665)
|
(562)
|
(753)
|
(749)
|
(808)
|
(950)
|
(932)
|
(947)
|
(1 026)
|
(971)
|
(1 082)
|
(1 156)
|
(1 129)
|
(1 226)
|
(1 192)
|
(1 113)
|
(1 169)
|
(1 044)
|
(917)
|
(944)
|
(913)
|
(948)
|
(917)
|
(1 148)
|
(1 336)
|
(1 292)
|
(951)
|
(1 391)
|
(1 221)
|
(1 192)
|
(895)
|
(965)
|
(829)
|
(821)
|
(853)
|
(731)
|
(834)
|
(855)
|
(878)
|
(897)
|
(870)
|
(907)
|
(950)
|
(1 000)
|
(1 011)
|
(1 030)
|
(1 060)
|
(1 081)
|
(1 118)
|
(1 145)
|
|
| Selling, General & Administrative |
(119)
|
(131)
|
(141)
|
(154)
|
(169)
|
(187)
|
(199)
|
(206)
|
(257)
|
(234)
|
(251)
|
(247)
|
(251)
|
(250)
|
(248)
|
(264)
|
(268)
|
(273)
|
(280)
|
(296)
|
(309)
|
(345)
|
(483)
|
(498)
|
(512)
|
(528)
|
(542)
|
(557)
|
(575)
|
(583)
|
(597)
|
(608)
|
(620)
|
(630)
|
(637)
|
(645)
|
(650)
|
(649)
|
(655)
|
(656)
|
(621)
|
(622)
|
(649)
|
(767)
|
(933)
|
(941)
|
(652)
|
(963)
|
(791)
|
(776)
|
(604)
|
(572)
|
(549)
|
(529)
|
(514)
|
(470)
|
(468)
|
(476)
|
(517)
|
(535)
|
(549)
|
(563)
|
(583)
|
(573)
|
(602)
|
(621)
|
(704)
|
(724)
|
(741)
|
(758)
|
|
| Depreciation & Amortization |
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(6)
|
(6)
|
(7)
|
(7)
|
(9)
|
(10)
|
(10)
|
(11)
|
(12)
|
(13)
|
(14)
|
(15)
|
(19)
|
(21)
|
(22)
|
(23)
|
(18)
|
(18)
|
(20)
|
(20)
|
(22)
|
(21)
|
(17)
|
(17)
|
(19)
|
(28)
|
(43)
|
(49)
|
(42)
|
(65)
|
(57)
|
(57)
|
(43)
|
(40)
|
(35)
|
(31)
|
(27)
|
(24)
|
(25)
|
(25)
|
(26)
|
(26)
|
(26)
|
(27)
|
(26)
|
(27)
|
(28)
|
(31)
|
(33)
|
(34)
|
(37)
|
(36)
|
|
| Other Operating Expenses |
(162)
|
(170)
|
(173)
|
(182)
|
(169)
|
(233)
|
(270)
|
(293)
|
(229)
|
(300)
|
(326)
|
(332)
|
(272)
|
(295)
|
(210)
|
(220)
|
(227)
|
(232)
|
(316)
|
(340)
|
(350)
|
(210)
|
(260)
|
(242)
|
(286)
|
(411)
|
(379)
|
(377)
|
(437)
|
(373)
|
(465)
|
(527)
|
(487)
|
(573)
|
(538)
|
(449)
|
(498)
|
(375)
|
(240)
|
(268)
|
(275)
|
(310)
|
(250)
|
(354)
|
(360)
|
(300)
|
(257)
|
(363)
|
(373)
|
(359)
|
(248)
|
(352)
|
(245)
|
(262)
|
(312)
|
(236)
|
(340)
|
(354)
|
(334)
|
(336)
|
(294)
|
(316)
|
(340)
|
(400)
|
(381)
|
(379)
|
(324)
|
(323)
|
(340)
|
(352)
|
|
| Operating Income |
38
N/A
|
51
+34%
|
64
+25%
|
75
+18%
|
84
+12%
|
92
+10%
|
101
+10%
|
104
+3%
|
107
+3%
|
108
+1%
|
112
+3%
|
114
+2%
|
116
+2%
|
117
+1%
|
118
+1%
|
116
-2%
|
112
-3%
|
109
-3%
|
110
+1%
|
112
+2%
|
111
-1%
|
110
-1%
|
148
+34%
|
147
0%
|
150
+2%
|
154
+3%
|
158
+2%
|
166
+5%
|
177
+7%
|
189
+6%
|
86
-54%
|
83
-4%
|
83
+1%
|
77
-7%
|
193
+150%
|
205
+6%
|
204
-1%
|
141
-31%
|
100
-29%
|
50
-50%
|
13
-74%
|
44
+235%
|
42
-3%
|
62
+46%
|
77
+24%
|
79
+2%
|
68
-14%
|
125
+84%
|
107
-14%
|
92
-14%
|
31
-66%
|
(32)
N/A
|
(139)
-334%
|
(140)
0%
|
(169)
-21%
|
(100)
+41%
|
(65)
+34%
|
(39)
+41%
|
3
N/A
|
34
+1 039%
|
136
+296%
|
152
+12%
|
157
+3%
|
150
-4%
|
163
+9%
|
168
+3%
|
181
+8%
|
197
+9%
|
217
+10%
|
254
+17%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
4
|
2
|
5
|
5
|
5
|
4
|
12
|
12
|
11
|
6
|
9
|
13
|
(4)
|
(12)
|
(15)
|
1
|
6
|
7
|
7
|
8
|
8
|
6
|
2
|
1
|
2
|
1
|
8
|
12
|
9
|
8
|
(4)
|
(10)
|
(12)
|
(9)
|
1
|
(1)
|
(6)
|
1
|
(2)
|
(10)
|
(6)
|
(31)
|
(8)
|
(37)
|
(42)
|
(27)
|
(15)
|
(42)
|
(36)
|
(42)
|
(20)
|
(17)
|
(23)
|
(19)
|
(20)
|
(21)
|
(21)
|
(21)
|
(12)
|
(24)
|
(27)
|
(50)
|
(33)
|
(45)
|
(38)
|
(27)
|
(4)
|
(33)
|
(37)
|
(38)
|
|
| Non-Reccuring Items |
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
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
18
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
12
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(8)
|
0
|
(14)
|
(8)
|
(14)
|
(8)
|
(3)
|
(4)
|
|
| Gain/Loss on Disposition of Assets |
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
13
|
13
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(1)
|
0
|
1
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
(7)
|
(7)
|
0
|
(0)
|
8
|
(12)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
(0)
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
(0)
|
(17)
|
0
|
(8)
|
(8)
|
|
| Pre-Tax Income |
55
N/A
|
66
+20%
|
69
+4%
|
80
+16%
|
89
+11%
|
96
+8%
|
113
+17%
|
116
+3%
|
118
+1%
|
115
-3%
|
120
+5%
|
127
+6%
|
112
-12%
|
105
-6%
|
103
-3%
|
117
+14%
|
117
+1%
|
116
-1%
|
117
+0%
|
120
+3%
|
119
-1%
|
117
-1%
|
151
+28%
|
149
-1%
|
152
+2%
|
154
+2%
|
166
+7%
|
178
+7%
|
187
+5%
|
196
+5%
|
82
-58%
|
73
-12%
|
72
-2%
|
68
-4%
|
193
+183%
|
204
+6%
|
198
-3%
|
134
-32%
|
91
-32%
|
40
-56%
|
7
-83%
|
21
+199%
|
22
+6%
|
25
+13%
|
35
+41%
|
52
+47%
|
56
+7%
|
83
+49%
|
72
-14%
|
50
-30%
|
20
-60%
|
(50)
N/A
|
(162)
-227%
|
(159)
+2%
|
(180)
-13%
|
(121)
+33%
|
(86)
+29%
|
(60)
+31%
|
(19)
+69%
|
10
N/A
|
109
+966%
|
102
-7%
|
103
+1%
|
105
+2%
|
111
+6%
|
134
+20%
|
146
+9%
|
157
+8%
|
169
+8%
|
204
+21%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(5)
|
(6)
|
(3)
|
(3)
|
(4)
|
(7)
|
(11)
|
(12)
|
(10)
|
(10)
|
(12)
|
(14)
|
(18)
|
(19)
|
(19)
|
(17)
|
(16)
|
(17)
|
(15)
|
(17)
|
(16)
|
(16)
|
(22)
|
(23)
|
(24)
|
(28)
|
(31)
|
(38)
|
(44)
|
(46)
|
(22)
|
(20)
|
(21)
|
(22)
|
(53)
|
(58)
|
(57)
|
(39)
|
(27)
|
(12)
|
(3)
|
(7)
|
(8)
|
(9)
|
(12)
|
(17)
|
(66)
|
(74)
|
(71)
|
(64)
|
(7)
|
(7)
|
(3)
|
6
|
(12)
|
(9)
|
(10)
|
(23)
|
(16)
|
(26)
|
(38)
|
(48)
|
(44)
|
(46)
|
(48)
|
(50)
|
(57)
|
(60)
|
(63)
|
(72)
|
|
| Income from Continuing Operations |
50
|
60
|
66
|
77
|
85
|
89
|
102
|
104
|
107
|
104
|
108
|
114
|
94
|
87
|
84
|
100
|
101
|
100
|
101
|
104
|
103
|
102
|
129
|
126
|
128
|
126
|
134
|
140
|
143
|
150
|
60
|
53
|
51
|
46
|
140
|
147
|
141
|
95
|
64
|
28
|
4
|
14
|
14
|
16
|
24
|
35
|
(10)
|
9
|
1
|
(14)
|
13
|
(57)
|
(165)
|
(154)
|
(192)
|
(130)
|
(96)
|
(82)
|
(34)
|
(15)
|
72
|
54
|
60
|
60
|
63
|
84
|
89
|
97
|
106
|
132
|
|
| 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
|
1
|
(1)
|
0
|
0
|
(1)
|
1
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
(9)
|
(10)
|
(0)
|
(19)
|
(11)
|
(11)
|
(21)
|
(2)
|
(3)
|
(2)
|
(2)
|
1
|
(1)
|
(2)
|
(1)
|
(2)
|
1
|
2
|
1
|
2
|
0
|
(0)
|
(1)
|
(3)
|
(3)
|
0
|
(3)
|
1
|
2
|
(1)
|
3
|
1
|
0
|
(0)
|
(1)
|
|
| Net Income (Common) |
50
N/A
|
60
+20%
|
64
+6%
|
77
+20%
|
85
+11%
|
89
+5%
|
102
+15%
|
104
+2%
|
110
+5%
|
104
-5%
|
108
+4%
|
117
+8%
|
94
-19%
|
87
-8%
|
78
-10%
|
100
+27%
|
101
+2%
|
98
-3%
|
101
+3%
|
104
+2%
|
105
+1%
|
102
-3%
|
128
+26%
|
125
-2%
|
128
+2%
|
125
-2%
|
136
+8%
|
141
+4%
|
143
+1%
|
151
+6%
|
59
-61%
|
52
-13%
|
51
-2%
|
46
-10%
|
129
+183%
|
127
-2%
|
120
-5%
|
83
-31%
|
40
-52%
|
12
-70%
|
(12)
N/A
|
(12)
-2%
|
12
N/A
|
14
+14%
|
22
+60%
|
34
+56%
|
(9)
N/A
|
8
N/A
|
(1)
N/A
|
(15)
-2 674%
|
11
N/A
|
(56)
N/A
|
(163)
-193%
|
(152)
+7%
|
(190)
-25%
|
(130)
+32%
|
(97)
+25%
|
(83)
+14%
|
(37)
+55%
|
(19)
+50%
|
72
N/A
|
51
-29%
|
61
+19%
|
62
+1%
|
62
+1%
|
87
+39%
|
90
+4%
|
97
+7%
|
106
+10%
|
131
+24%
|
|
| EPS (Diluted) |
0.9
N/A
|
1.08
+20%
|
1.14
+6%
|
1.37
+20%
|
1.52
+11%
|
1.6
+5%
|
1.79
+12%
|
1.92
+7%
|
1.98
+3%
|
1.76
-11%
|
1.99
+13%
|
2.12
+7%
|
1.73
-18%
|
1.6
-8%
|
1.44
-10%
|
1.83
+27%
|
1.9
+4%
|
1.78
-6%
|
1.89
+6%
|
1.93
+2%
|
1.91
-1%
|
1.88
-2%
|
2.38
+27%
|
2.32
-3%
|
2.35
+1%
|
2.34
0%
|
2.52
+8%
|
2.63
+4%
|
2.63
N/A
|
2.82
+7%
|
1.11
-61%
|
0.96
-14%
|
0.94
-2%
|
0.84
-11%
|
2.39
+185%
|
2.35
-2%
|
2.21
-6%
|
1.54
-30%
|
0.73
-53%
|
0.22
-70%
|
-0.22
N/A
|
-0.23
-5%
|
0.22
N/A
|
0.25
+14%
|
0.41
+64%
|
0.63
+54%
|
-0.17
N/A
|
0.15
N/A
|
-0.01
N/A
|
-0.29
-2 800%
|
0.19
N/A
|
-1.03
N/A
|
-3.03
-194%
|
-2.83
+7%
|
-3.25
-15%
|
-2.42
+26%
|
-1.8
+26%
|
-1.42
+21%
|
-0.63
+56%
|
-0.31
+51%
|
1.13
N/A
|
0.85
-25%
|
0.88
+4%
|
0.8
-9%
|
0.79
-1%
|
1.11
+41%
|
1.15
+4%
|
1.24
+8%
|
1.36
+10%
|
1.68
+24%
|
|