MRC Historical Income Statement
| MRC Stock | USD 12.55 0.06 0.48% |
Historical analysis of MRC Global income statement accounts such as Gross Profit of 700.2 M can show how well MRC Global performed in making a profits. Evaluating MRC Global income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of MRC Global's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining MRC Global latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether MRC Global is a good buy for the upcoming year.
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About MRC Income Statement Analysis
MRC Global Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to MRC Global shareholders. The income statement also shows MRC investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
MRC Global Income Statement Chart
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Total Revenue
Total revenue comprises all receipts MRC Global generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of MRC Global minus its cost of goods sold. It is profit before MRC Global operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Cost Of Revenue
Cost of Revenue is found on MRC Global income statement and represents the costs associated with goods and services MRC Global provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of MRC Global whose combined shares represent less than 50% of the total outstanding shares issued by MRC Global have a minority interest in MRC Global.Most accounts from MRC Global's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into MRC Global current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MRC Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.At present, MRC Global's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 700.2 M, whereas Total Revenue is forecasted to decline to about 3 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 417M | 610M | 690M | 700.2M | Total Revenue | 2.7B | 3.4B | 3.4B | 3.0B |
MRC Global income statement Correlations
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MRC Global Account Relationship Matchups
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MRC Global income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 40M | 28M | 23M | 24M | 32M | 43.6M | |
| Selling General Administrative | 550M | 449M | 410M | 470M | 503M | 540.2M | |
| Total Revenue | 3.7B | 2.6B | 2.7B | 3.4B | 3.4B | 3.0B | |
| Gross Profit | 653M | 431M | 417M | 610M | 690M | 700.2M | |
| Operating Income | 103M | (13M) | 7M | 140M | 187M | 196.4M | |
| Cost Of Revenue | 3.0B | 2.1B | 2.2B | 2.8B | 2.7B | 2.5B | |
| Income Before Tax | 66M | (283M) | (14M) | 110M | 153M | 160.7M | |
| Net Income Applicable To Common Shares | 15M | (298M) | (38M) | 51M | 45.9M | 48.2M | |
| Net Income | 39M | (274M) | (39M) | 75M | 114M | 119.7M | |
| Income Tax Expense | 27M | (9M) | 25M | 35M | 39M | 41.0M | |
| Depreciation And Amortization | 66M | 46M | 43M | 39M | 40M | 50.7M | |
| Other Operating Expenses | 3.6B | 2.6B | 2.7B | 3.2B | 3.2B | 3.1B | |
| Ebit | 134M | 103M | (255M) | 9M | 185M | 99.4M | |
| Ebitda | 169M | (209M) | 52M | 173M | 225M | 150.1M | |
| Total Operating Expenses | 550M | 449M | 410M | 470M | 503M | 423.8M | |
| Total Other Income Expense Net | (37M) | (23M) | (21M) | (30M) | (34M) | (35.7M) | |
| Net Income From Continuing Ops | 39M | (274M) | (14M) | 75M | 114M | 119.7M | |
| Non Operating Income Net Other | 3M | 5M | 2M | (6M) | (6.9M) | (7.2M) | |
| Tax Provision | 27M | (9M) | (3M) | 35M | 39M | 41.0M | |
| Interest Income | 40M | 28M | 23M | 24M | 21.6M | 26.7M | |
| Net Interest Income | (40M) | (28M) | (23M) | (24M) | (32M) | (33.6M) | |
| Reconciled Depreciation | 63M | 46M | 43M | 39M | 40M | 41.8M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether MRC Global offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MRC Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mrc Global Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mrc Global Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MRC Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Trading Companies & Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MRC Global. If investors know MRC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MRC Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Earnings Share 0.87 | Revenue Per Share 37.771 | Quarterly Revenue Growth (0.10) | Return On Assets 0.0505 |
The market value of MRC Global is measured differently than its book value, which is the value of MRC that is recorded on the company's balance sheet. Investors also form their own opinion of MRC Global's value that differs from its market value or its book value, called intrinsic value, which is MRC Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MRC Global's market value can be influenced by many factors that don't directly affect MRC Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MRC Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if MRC Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MRC Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.