Stock Analysis on Net
Stock Analysis on Net

Applied Materials Inc. (NASDAQ:AMAT)

Common-Size Income Statement

Applied Materials Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Oct 27, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Oct 25, 2020 Oct 27, 2019
Net revenue 100.00 100.00 100.00 100.00 100.00 100.00
Cost of products sold -52.54 -53.30 -53.49 -52.68 -55.28 -56.28
Gross profit 47.46% 46.70% 46.51% 47.32% 44.72% 43.72%
Research, development and engineering -11.90 -11.70 -10.75 -10.77 -12.99 -14.06
Marketing and selling -3.08 -2.93 -2.73 -2.64 -3.06 -3.57
General and administrative -3.54 -3.21 -2.85 -2.69 -3.30 -3.16
Severance and related charges 0.00 0.00 0.02 -0.68 0.00 0.00
Deal termination fee 0.00 0.00 0.00 -0.67 0.00 0.00
Operating expenses -18.51% -17.84% -16.31% -17.45% -19.34% -20.78%
Income from operations 28.95% 28.86% 30.20% 29.87% 25.37% 22.93%
Interest expense -0.91 -0.90 -0.88 -1.02 -1.40 -1.62
Interest and other income (expense), net 1.96 1.13 0.15 0.51 0.24 1.07
Income before income taxes 30.00% 29.10% 29.47% 29.36% 24.22% 22.38%
Provision for income taxes -3.59 -3.24 -4.17 -3.83 -3.18 -3.85
Net income 26.41% 25.86% 25.31% 25.53% 21.04% 18.52%

Based on: 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27).

Income statement item Description The company
Income from operations The net result for the period of deducting operating expenses from operating revenues. Applied Materials Inc. income from operations as a percentage of net revenue decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Applied Materials Inc. income before income taxes as a percentage of net revenue decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Applied Materials Inc. net income as a percentage of net revenue increased from 2022 to 2023 and from 2023 to 2024.