Evolv Income Before Tax vs Net Income Analysis

EVLV Stock

USD 4.05 0.13 3.32%

Evolv Technologies financial indicator trend analysis is much more than just examining Evolv Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Evolv Technologies is a good investment. Please check the relationship between Evolv Technologies Income Before Tax and its Net Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evolv Technologies Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Evolv Technologies Income Before Tax account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Evolv Technologies' Income Before Tax and Net Income is 0.93. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income in the same time period over historical financial statements of Evolv Technologies Holdings, assuming nothing else is changed. The correlation between historical values of Evolv Technologies' Income Before Tax and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Evolv Technologies Holdings are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Income Before Tax i.e., Evolv Technologies' Income Before Tax and Net Income go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Evolv Technologies income statement and is an important metric when analyzing Evolv Technologies profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Evolv Technologies financial statement analysis. It represents the amount of money remaining after all of Evolv Technologies Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Evolv Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Evolv Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evolv Technologies Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Sales General And Administrative To Revenue is likely to climb to 0.84 in 2024, whereas Selling General Administrative is likely to drop slightly above 23.9 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	6.7M	712K	654K	621.3K
Depreciation And Amortization	2.9M	6.3M	9.9M	10.4M

Interest Expense Depreciation And Amortization

Evolv Technologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Total Assets		0.4	0.93	0.82	0.99	0.95	0.92	0.7	0.67	-0.88	-0.75	0.85	0.87	0.73	0.81	0.95	0.95	0.85	-0.14	-0.75	0.67	0.91	0.95	0.76	0.57	0.99
Short Long Term Debt Total	0.4		0.31	0.28	0.39	0.26	0.5	-0.01	-0.03	-0.44	-0.12	0.46	0.52	0.03	0.76	0.3	0.42	0.51	-0.45	0.04	0.52	0.49	0.35	0.25	0.27	0.43
Other Current Liab	0.93	0.31		0.93	0.88	0.95	0.94	0.84	0.82	-0.67	-0.88	0.91	0.67	0.86	0.62	0.96	0.8	0.87	-0.19	-0.54	0.72	0.95	0.98	0.84	0.79	0.88
Total Current Liabilities	0.82	0.28	0.93		0.74	0.88	0.79	0.86	0.85	-0.47	-0.92	0.97	0.47	0.88	0.48	0.87	0.62	0.94	0.07	-0.4	0.88	0.96	0.96	0.92	0.91	0.74
Total Stockholder Equity	0.99	0.39	0.88	0.74		0.91	0.89	0.61	0.58	-0.94	-0.66	0.77	0.93	0.65	0.85	0.91	0.99	0.78	-0.15	-0.81	0.59	0.85	0.9	0.67	0.45	1.0
Other Liab	0.95	0.26	0.95	0.88	0.91		0.9	0.88	0.86	-0.72	-0.9	0.87	0.7	0.9	0.63	1.0	0.86	0.86	-0.12	-0.71	0.7	0.92	0.95	0.89	0.7	0.91
Net Tangible Assets	0.92	0.5	0.94	0.79	0.89	0.9		0.7	0.67	-0.76	-0.75	0.81	0.76	0.73	0.74	0.92	0.85	0.77	-0.47	-0.49	0.59	0.88	0.89	0.7	0.66	0.89
Property Plant And Equipment Net	0.7	-0.01	0.84	0.86	0.61	0.88	0.7		1.0	-0.3	-0.99	0.81	0.28	1.0	0.21	0.87	0.51	0.75	-0.01	-0.45	0.68	0.81	0.82	0.93	0.85	0.6
Current Deferred Revenue	0.67	-0.03	0.82	0.85	0.58	0.86	0.67	1.0		-0.27	-0.99	0.8	0.24	1.0	0.18	0.85	0.48	0.74	0.01	-0.42	0.67	0.79	0.8	0.93	0.86	0.57
Net Debt	-0.88	-0.44	-0.67	-0.47	-0.94	-0.72	-0.76	-0.3	-0.27		0.35	-0.53	-1.0	-0.35	-0.91	-0.72	-0.97	-0.58	0.21	0.81	-0.36	-0.64	-0.7	-0.39	-0.13	-0.94
Retained Earnings	-0.75	-0.12	-0.88	-0.92	-0.66	-0.9	-0.75	-0.99	-0.99	0.35		-0.89	-0.34	-0.99	-0.31	-0.9	-0.55	-0.83	0.03	0.43	-0.77	-0.88	-0.88	-0.97	-0.9	-0.66
Accounts Payable	0.85	0.46	0.91	0.97	0.77	0.87	0.81	0.81	0.8	-0.53	-0.89		0.54	0.83	0.61	0.87	0.67	0.99	0.02	-0.41	0.94	0.99	0.95	0.93	0.89	0.77
Cash	0.87	0.52	0.67	0.47	0.93	0.7	0.76	0.28	0.24	-1.0	-0.34	0.54		0.32	0.94	0.7	0.96	0.6	-0.23	-0.76	0.39	0.65	0.69	0.38	0.14	0.93
Non Current Assets Total	0.73	0.03	0.86	0.88	0.65	0.9	0.73	1.0	1.0	-0.35	-0.99	0.83	0.32		0.26	0.9	0.55	0.77	-0.02	-0.47	0.69	0.83	0.84	0.94	0.85	0.64
Non Currrent Assets Other	0.81	0.76	0.62	0.48	0.85	0.63	0.74	0.21	0.18	-0.91	-0.31	0.61	0.94	0.26		0.64	0.88	0.67	-0.27	-0.58	0.53	0.69	0.66	0.41	0.22	0.87
Other Assets	0.95	0.3	0.96	0.87	0.91	1.0	0.92	0.87	0.85	-0.72	-0.9	0.87	0.7	0.9	0.64		0.86	0.85	-0.2	-0.67	0.69	0.92	0.95	0.87	0.71	0.91
Cash And Short Term Investments	0.95	0.42	0.8	0.62	0.99	0.86	0.85	0.51	0.48	-0.97	-0.55	0.67	0.96	0.55	0.88	0.86		0.7	-0.22	-0.83	0.49	0.77	0.81	0.57	0.31	0.99
Net Receivables	0.85	0.51	0.87	0.94	0.78	0.86	0.77	0.75	0.74	-0.58	-0.83	0.99	0.6	0.77	0.67	0.85	0.7		0.08	-0.46	0.96	0.98	0.94	0.91	0.82	0.8
Common Stock Shares Outstanding	-0.14	-0.45	-0.19	0.07	-0.15	-0.12	-0.47	-0.01	0.01	0.21	0.03	0.02	-0.23	-0.02	-0.27	-0.2	-0.22	0.08		-0.18	0.2	-0.07	-0.04	0.09	-0.04	-0.17
Non Current Liabilities Total	-0.75	0.04	-0.54	-0.4	-0.81	-0.71	-0.49	-0.45	-0.42	0.81	0.43	-0.41	-0.76	-0.47	-0.58	-0.67	-0.83	-0.46	-0.18		-0.27	-0.49	-0.59	-0.46	-0.05	-0.79
Capital Lease Obligations	0.67	0.52	0.72	0.88	0.59	0.7	0.59	0.68	0.67	-0.36	-0.77	0.94	0.39	0.69	0.53	0.69	0.49	0.96	0.2	-0.27		0.89	0.81	0.88	0.83	0.61
Inventory	0.91	0.49	0.95	0.96	0.85	0.92	0.88	0.81	0.79	-0.64	-0.88	0.99	0.65	0.83	0.69	0.92	0.77	0.98	-0.07	-0.49	0.89		0.98	0.91	0.83	0.86
Other Current Assets	0.95	0.35	0.98	0.96	0.9	0.95	0.89	0.82	0.8	-0.7	-0.88	0.95	0.69	0.84	0.66	0.95	0.81	0.94	-0.04	-0.59	0.81	0.98		0.88	0.79	0.89
Other Stockholder Equity	0.76	0.25	0.84	0.92	0.67	0.89	0.7	0.93	0.93	-0.39	-0.97	0.93	0.38	0.94	0.41	0.87	0.57	0.91	0.09	-0.46	0.88	0.91	0.88		0.88	0.68
Total Liab	0.57	0.27	0.79	0.91	0.45	0.7	0.66	0.85	0.86	-0.13	-0.9	0.89	0.14	0.85	0.22	0.71	0.31	0.82	-0.04	-0.05	0.83	0.83	0.79	0.88		0.45
Net Invested Capital	0.99	0.43	0.88	0.74	1.0	0.91	0.89	0.6	0.57	-0.94	-0.66	0.77	0.93	0.64	0.87	0.91	0.99	0.8	-0.17	-0.79	0.61	0.86	0.89	0.68	0.45

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Evolv Income Before Tax vs Net Income Analysis

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Net Income

Evolv Technologies fundamental ratios Correlations

Evolv Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Evolv Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 1.0	Total Stockholder Equity
Other Assets	+ 1.0	Other Liab
Current Deferred Revenue	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 1.0	Current Deferred Revenue
Total Stockholder Equity	+ 0.99	Total Assets

Cash	- 1.0	Net Debt
Non Current Assets Total	- 0.99	Retained Earnings
Retained Earnings	- 0.99	Current Deferred Revenue
Retained Earnings	- 0.99	Property Plant And Equipment Net
Other Stockholder Equity	- 0.97	Retained Earnings
Cash And Short Term Investments	- 0.97	Net Debt