Iron Force Industrial Co Ltd
TWSE:2228
Income Statement
Earnings Waterfall
Iron Force Industrial Co Ltd
Income Statement
Iron Force Industrial 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 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
4
|
6
|
5
|
6
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
4
|
4
|
4
|
2
|
2
|
2
|
2
|
0
|
1
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
2
|
2
|
3
|
4
|
5
|
6
|
7
|
7
|
7
|
7
|
7
|
8
|
8
|
9
|
9
|
10
|
10
|
10
|
9
|
10
|
14
|
15
|
15
|
14
|
0
|
|
| Revenue |
2 876
N/A
|
2 947
+2%
|
2 998
+2%
|
3 049
+2%
|
3 021
-1%
|
3 142
+4%
|
3 232
+3%
|
3 410
+5%
|
3 507
+3%
|
3 565
+2%
|
3 658
+3%
|
3 768
+3%
|
3 945
+5%
|
4 104
+4%
|
4 332
+6%
|
4 375
+1%
|
4 461
+2%
|
4 528
+1%
|
4 416
-2%
|
4 365
-1%
|
4 326
-1%
|
4 169
-4%
|
4 208
+1%
|
4 211
+0%
|
4 224
+0%
|
4 303
+2%
|
4 391
+2%
|
4 512
+3%
|
4 576
+1%
|
4 428
-3%
|
3 793
-14%
|
3 431
-10%
|
3 423
0%
|
3 471
+1%
|
3 845
+11%
|
3 902
+1%
|
3 679
-6%
|
3 768
+2%
|
3 847
+2%
|
4 205
+9%
|
4 374
+4%
|
4 421
+1%
|
4 633
+5%
|
4 698
+1%
|
4 894
+4%
|
5 004
+2%
|
5 036
+1%
|
5 060
+0%
|
5 041
0%
|
5 088
+1%
|
5 117
+1%
|
5 007
-2%
|
4 954
-1%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(2 111)
|
(2 162)
|
(2 176)
|
(2 216)
|
(2 186)
|
(2 252)
|
(2 283)
|
(2 375)
|
(2 423)
|
(2 461)
|
(2 553)
|
(2 609)
|
(2 697)
|
(2 779)
|
(2 923)
|
(2 947)
|
(3 038)
|
(3 112)
|
(3 068)
|
(3 063)
|
(3 061)
|
(2 990)
|
(3 023)
|
(3 062)
|
(3 062)
|
(3 124)
|
(3 183)
|
(3 242)
|
(3 316)
|
(3 233)
|
(2 870)
|
(2 701)
|
(2 679)
|
(2 710)
|
(2 930)
|
(2 946)
|
(2 861)
|
(2 967)
|
(2 997)
|
(3 187)
|
(3 238)
|
(3 241)
|
(3 451)
|
(3 531)
|
(3 681)
|
(3 745)
|
(3 733)
|
(3 747)
|
(3 793)
|
(3 831)
|
(3 865)
|
(3 815)
|
(3 785)
|
|
| Gross Profit |
765
N/A
|
785
+3%
|
822
+5%
|
833
+1%
|
834
+0%
|
890
+7%
|
949
+7%
|
1 035
+9%
|
1 084
+5%
|
1 105
+2%
|
1 105
+0%
|
1 160
+5%
|
1 247
+8%
|
1 325
+6%
|
1 410
+6%
|
1 428
+1%
|
1 423
0%
|
1 416
-1%
|
1 348
-5%
|
1 303
-3%
|
1 265
-3%
|
1 179
-7%
|
1 186
+1%
|
1 149
-3%
|
1 162
+1%
|
1 179
+1%
|
1 208
+2%
|
1 270
+5%
|
1 260
-1%
|
1 196
-5%
|
923
-23%
|
730
-21%
|
745
+2%
|
762
+2%
|
915
+20%
|
956
+4%
|
818
-14%
|
802
-2%
|
850
+6%
|
1 018
+20%
|
1 136
+12%
|
1 180
+4%
|
1 182
+0%
|
1 167
-1%
|
1 213
+4%
|
1 259
+4%
|
1 302
+3%
|
1 313
+1%
|
1 249
-5%
|
1 256
+1%
|
1 251
0%
|
1 192
-5%
|
1 169
-2%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(426)
|
(431)
|
(434)
|
(426)
|
(438)
|
(450)
|
(470)
|
(503)
|
(515)
|
(521)
|
(526)
|
(531)
|
(543)
|
(544)
|
(542)
|
(537)
|
(543)
|
(564)
|
(582)
|
(605)
|
(614)
|
(622)
|
(620)
|
(607)
|
(635)
|
(628)
|
(631)
|
(644)
|
(638)
|
(629)
|
(615)
|
(637)
|
(606)
|
(613)
|
(668)
|
(664)
|
(667)
|
(623)
|
(614)
|
(645)
|
(686)
|
(688)
|
(682)
|
(660)
|
(652)
|
(576)
|
(595)
|
(639)
|
(721)
|
(659)
|
(649)
|
(637)
|
(715)
|
|
| Selling, General & Administrative |
(381)
|
(387)
|
(392)
|
(386)
|
(384)
|
(386)
|
(393)
|
(413)
|
(424)
|
(428)
|
(427)
|
(427)
|
(426)
|
(426)
|
(430)
|
(422)
|
(426)
|
(441)
|
(445)
|
(455)
|
(461)
|
(454)
|
(445)
|
(436)
|
(462)
|
(469)
|
(485)
|
(502)
|
(497)
|
(492)
|
(482)
|
(510)
|
(486)
|
(503)
|
(525)
|
(508)
|
(510)
|
(497)
|
(495)
|
(489)
|
(523)
|
(519)
|
(510)
|
(500)
|
(498)
|
(509)
|
(533)
|
(574)
|
(568)
|
(581)
|
(572)
|
(567)
|
(565)
|
|
| Research & Development |
(45)
|
(44)
|
(42)
|
(40)
|
(54)
|
(64)
|
(78)
|
(90)
|
(91)
|
(93)
|
(99)
|
(104)
|
(116)
|
(119)
|
(112)
|
(115)
|
(117)
|
(123)
|
(137)
|
(150)
|
(153)
|
(168)
|
(175)
|
(171)
|
(173)
|
(159)
|
(146)
|
(142)
|
(141)
|
(137)
|
(133)
|
(127)
|
(120)
|
(94)
|
(108)
|
(120)
|
(158)
|
(160)
|
(153)
|
(156)
|
(162)
|
(160)
|
(164)
|
(159)
|
(154)
|
(157)
|
(152)
|
(155)
|
(154)
|
(156)
|
(156)
|
(148)
|
(150)
|
|
| Other Operating Expenses |
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
|
(17)
|
(35)
|
(35)
|
0
|
34
|
34
|
0
|
0
|
(8)
|
(8)
|
0
|
0
|
89
|
89
|
90
|
0
|
78
|
78
|
78
|
0
|
|
| Operating Income |
339
N/A
|
354
+5%
|
387
+9%
|
408
+5%
|
397
-3%
|
441
+11%
|
479
+9%
|
532
+11%
|
569
+7%
|
583
+2%
|
579
-1%
|
629
+9%
|
705
+12%
|
780
+11%
|
868
+11%
|
891
+3%
|
880
-1%
|
853
-3%
|
766
-10%
|
698
-9%
|
651
-7%
|
558
-14%
|
565
+1%
|
542
-4%
|
527
-3%
|
550
+4%
|
577
+5%
|
626
+8%
|
622
-1%
|
566
-9%
|
309
-46%
|
93
-70%
|
139
+49%
|
149
+7%
|
247
+66%
|
292
+18%
|
150
-49%
|
179
+19%
|
237
+32%
|
373
+58%
|
451
+21%
|
492
+9%
|
500
+2%
|
507
+1%
|
561
+11%
|
683
+22%
|
707
+4%
|
675
-5%
|
528
-22%
|
598
+13%
|
602
+1%
|
555
-8%
|
454
-18%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(13)
|
(1)
|
13
|
17
|
21
|
21
|
1
|
2
|
6
|
1
|
10
|
43
|
34
|
12
|
14
|
(48)
|
(35)
|
(75)
|
(64)
|
(38)
|
2
|
68
|
60
|
62
|
11
|
9
|
8
|
(3)
|
(8)
|
(4)
|
(5)
|
6
|
17
|
20
|
14
|
19
|
14
|
22
|
50
|
92
|
92
|
74
|
89
|
5
|
44
|
64
|
45
|
98
|
65
|
86
|
53
|
53
|
76
|
|
| 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
|
18
|
18
|
18
|
0
|
0
|
0
|
34
|
0
|
0
|
27
|
(8)
|
0
|
0
|
0
|
89
|
0
|
0
|
0
|
78
|
0
|
0
|
0
|
0
|
|
| 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
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(6)
|
(12)
|
(6)
|
(4)
|
(2)
|
(4)
|
(3)
|
(5)
|
(5)
|
(2)
|
(2)
|
(0)
|
(2)
|
(3)
|
(3)
|
(2)
|
(1)
|
135
|
134
|
134
|
134
|
0
|
|
| Total Other Income |
31
|
38
|
29
|
22
|
39
|
50
|
48
|
60
|
49
|
53
|
80
|
70
|
86
|
90
|
78
|
87
|
85
|
85
|
87
|
101
|
130
|
136
|
130
|
169
|
167
|
162
|
184
|
150
|
144
|
126
|
100
|
89
|
51
|
40
|
57
|
53
|
34
|
45
|
37
|
31
|
74
|
77
|
80
|
95
|
14
|
18
|
13
|
(12)
|
17
|
18
|
18
|
17
|
71
|
|
| Pre-Tax Income |
358
N/A
|
391
+9%
|
429
+10%
|
447
+4%
|
457
+2%
|
512
+12%
|
528
+3%
|
594
+13%
|
624
+5%
|
637
+2%
|
669
+5%
|
742
+11%
|
824
+11%
|
882
+7%
|
959
+9%
|
929
-3%
|
930
+0%
|
863
-7%
|
788
-9%
|
761
-3%
|
783
+3%
|
762
-3%
|
755
-1%
|
773
+2%
|
705
-9%
|
720
+2%
|
767
+6%
|
770
+0%
|
756
-2%
|
686
-9%
|
418
-39%
|
201
-52%
|
214
+7%
|
203
-5%
|
314
+54%
|
362
+16%
|
228
-37%
|
243
+7%
|
318
+31%
|
519
+63%
|
606
+17%
|
641
+6%
|
668
+4%
|
606
-9%
|
705
+16%
|
763
+8%
|
763
+0%
|
759
-1%
|
823
+8%
|
836
+2%
|
807
-3%
|
759
-6%
|
601
-21%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(84)
|
(96)
|
(116)
|
(119)
|
(124)
|
(132)
|
(131)
|
(147)
|
(138)
|
(138)
|
(156)
|
(171)
|
(204)
|
(222)
|
(239)
|
(239)
|
(242)
|
(230)
|
(244)
|
(232)
|
(233)
|
(239)
|
(181)
|
(196)
|
(203)
|
(196)
|
(211)
|
(197)
|
(99)
|
(85)
|
(62)
|
(22)
|
(115)
|
(103)
|
(34)
|
(36)
|
11
|
1
|
(85)
|
(132)
|
(153)
|
(164)
|
(172)
|
(159)
|
(191)
|
(79)
|
(80)
|
(80)
|
(92)
|
(223)
|
(219)
|
(218)
|
(183)
|
|
| Income from Continuing Operations |
274
|
295
|
313
|
328
|
333
|
380
|
397
|
446
|
487
|
499
|
513
|
571
|
620
|
660
|
720
|
690
|
688
|
633
|
544
|
529
|
550
|
522
|
574
|
577
|
502
|
524
|
556
|
573
|
656
|
601
|
356
|
178
|
99
|
100
|
280
|
326
|
239
|
243
|
233
|
387
|
453
|
477
|
497
|
447
|
514
|
684
|
683
|
679
|
731
|
613
|
587
|
541
|
418
|
|
| Net Income (Common) |
274
N/A
|
295
+8%
|
313
+6%
|
328
+5%
|
333
+2%
|
380
+14%
|
397
+4%
|
446
+13%
|
487
+9%
|
499
+3%
|
513
+3%
|
571
+11%
|
620
+9%
|
660
+6%
|
720
+9%
|
690
-4%
|
688
0%
|
633
-8%
|
544
-14%
|
529
-3%
|
550
+4%
|
522
-5%
|
574
+10%
|
577
+0%
|
502
-13%
|
524
+4%
|
556
+6%
|
573
+3%
|
656
+14%
|
601
-8%
|
356
-41%
|
178
-50%
|
99
-45%
|
100
+1%
|
280
+180%
|
326
+17%
|
239
-27%
|
243
+2%
|
233
-4%
|
387
+66%
|
453
+17%
|
477
+5%
|
497
+4%
|
447
-10%
|
514
+15%
|
684
+33%
|
683
0%
|
679
-1%
|
731
+8%
|
613
-16%
|
587
-4%
|
541
-8%
|
418
-23%
|
|
| EPS (Diluted) |
4.43
N/A
|
4.51
+2%
|
4.79
+6%
|
5.03
+5%
|
5.06
+1%
|
5.27
+4%
|
5.49
+4%
|
6.19
+13%
|
6.75
+9%
|
6.92
+3%
|
6.9
0%
|
7.86
+14%
|
8.41
+7%
|
8.71
+4%
|
9.49
+9%
|
9.1
-4%
|
9.08
0%
|
8.35
-8%
|
7.18
-14%
|
6.97
-3%
|
7.25
+4%
|
6.89
-5%
|
7.57
+10%
|
7.6
+0%
|
6.62
-13%
|
6.91
+4%
|
7.33
+6%
|
7.56
+3%
|
8.65
+14%
|
7.85
-9%
|
4.69
-40%
|
2.34
-50%
|
1.26
-46%
|
1.26
N/A
|
3.55
+182%
|
4.13
+16%
|
2.99
-28%
|
3.08
+3%
|
2.95
-4%
|
4.89
+66%
|
5.66
+16%
|
6.28
+11%
|
6.54
+4%
|
5.89
-10%
|
6.69
+14%
|
8.9
+33%
|
8.93
+0%
|
8.83
-1%
|
9.37
+6%
|
7.4
-21%
|
7.1
-4%
|
6.5
-8%
|
5.02
-23%
|
|