Income Statement

Earnings Waterfall
Sulzer AG

Income Statement
Sulzer AG

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Income Statement
Currency: CHF
Dec-2018 Jun-2019 Dec-2019 Jun-2020 Dec-2020 Jun-2021 Dec-2021 Jun-2022 Dec-2022 Jun-2023 Dec-2023 Jun-2024 Dec-2024 Jun-2025
Revenue
Interest Expense
15
18
21
21
21
23
23
12
24
27
25
24
24
24
Revenue
3 365
N/A
3 535
+5%
3 729
+5%
3 553
-5%
2 968
-16%
2 864
-3%
3 155
+10%
4 672
+48%
3 180
-32%
3 265
+3%
3 282
+1%
3 379
+3%
3 531
+4%
3 575
+1%
Gross Profit
Cost of Revenue
(2 387)
(2 520)
(2 607)
(2 488)
(2 095)
(2 021)
(2 208)
(3 294)
(2 191)
(2 239)
(2 181)
(2 239)
(2 328)
(2 380)
Gross Profit
978
N/A
1 014
+4%
1 121
+11%
1 065
-5%
873
-18%
843
-3%
947
+12%
1 378
+46%
989
-28%
1 026
+4%
1 101
+7%
1 141
+4%
1 202
+5%
1 196
-1%
Operating Income
Operating Expenses
(784)
(799)
(850)
(824)
(680)
(634)
(715)
(1 122)
(767)
(729)
(756)
(784)
(797)
(785)
Selling, General & Administrative
(739)
(758)
(783)
(757)
(646)
(617)
(679)
(1 062)
(720)
(676)
(693)
(711)
(718)
(713)
Research & Development
(86)
(87)
(86)
(84)
(64)
(53)
(64)
(97)
(66)
(69)
(71)
(73)
(76)
(76)
Other Operating Expenses
42
46
19
17
30
35
28
37
19
16
8
(0)
(2)
4
Operating Income
195
N/A
216
+11%
271
+26%
241
-11%
193
-20%
209
+8%
232
+11%
256
+10%
222
-13%
296
+33%
345
+17%
357
+3%
406
+14%
410
+1%
Pre-Tax Income
Interest Income Expense
(9)
(16)
(23)
(28)
(14)
(12)
(14)
(14)
(14)
(29)
(25)
(27)
(28)
(41)
Non-Reccuring Items
(13)
(28)
(29)
(58)
(60)
(18)
(15)
(55)
(97)
(1)
(13)
(5)
(19)
3
Total Other Income
(7)
(6)
(6)
(5)
(7)
(5)
(5)
(7)
(5)
(4)
(3)
(1)
(6)
(6)
Pre-Tax Income
166
N/A
166
0%
213
+29%
150
-29%
111
-26%
175
+57%
198
+13%
180
-9%
107
-40%
263
+146%
304
+16%
323
+6%
354
+9%
366
+4%
Net Income
Tax Provision
(49)
(49)
(55)
(42)
(40)
(59)
(57)
(88)
(79)
(82)
(74)
(79)
(88)
(90)
Income from Continuing Operations
116
117
158
108
72
115
141
92
28
181
231
244
265
276
Income to Minority Interest
(3)
(2)
(4)
(4)
(4)
(3)
(2)
(2)
1
(0)
(1)
(2)
(4)
(4)
Net Income (Common)
114
N/A
115
+1%
154
+34%
104
-32%
84
-20%
154
+84%
1 417
+821%
1 368
-3%
29
-98%
181
+532%
229
+27%
242
+6%
262
+8%
273
+4%
EPS (Diluted)
3.52
N/A
3.37
-4%
4.48
+33%
3.04
-32%
2.43
-20%
3.16
+30%
41.27
+1 206%
40.51
-2%
0.83
-98%
5.27
+535%
6.66
+26%
7.03
+6%
7.64
+9%
8.06
+5%