Stock Analysis on Net
Stock Analysis on Net

SolarEdge Technologies Inc. (NASDAQ:SEDG)

This company has been moved to the archive! The financial data has not been updated since February 22, 2023.

Common-Size Income Statement

SolarEdge Technologies Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Revenues 100.00 100.00 100.00 100.00 100.00
Cost of revenues -72.84 -67.96 -68.38 -66.38 -65.94
Gross profit 27.16% 32.04% 31.62% 33.62% 34.06%
Research and development -9.32 -11.18 -11.18 -8.51 -8.78
Sales and marketing -5.13 -6.06 -6.58 -6.17 -7.29
General and administrative -3.62 -4.19 -4.33 -3.46 -3.12
Goodwill impairment and other operating income (expenses), net -3.75 -0.07 0.23 -2.15 0.00
Operating expenses -21.82% -21.50% -21.85% -20.30% -19.19%
Operating income 5.34% 10.55% 9.77% 13.32% 14.88%
Exchange rate gain (loss), net -0.05 -1.15 2.27 -0.73 -0.50
Interest income on marketable securities 0.34 0.15 0.26 0.32 0.60
Interest expenses -0.37 -0.54 -0.69 -0.41 -0.34
Hedging 0.15 0.48 -0.28 0.00 0.00
Interest income, net 0.05 0.01 0.00 0.00 0.00
Other -0.01 0.03 -0.11 0.02 0.00
Financial income (expense), net 0.11% -1.01% 1.45% -0.80% -0.25%
Other income 0.25 0.00 0.00 0.00 0.00
Income before income taxes 5.70% 9.53% 11.22% 12.53% 14.63%
Income taxes -2.68 -0.92 -1.60 -2.36 -0.97
Net income 3.02% 8.61% 9.62% 10.17% 13.66%
Net loss attributable to non-controlling interests 0.00 0.00 0.00 0.11 0.08
Net income attributable to SolarEdge Technologies, Inc. 3.02% 8.61% 9.62% 10.28% 13.75%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. SolarEdge Technologies Inc. operating income as a percentage of revenues increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
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. SolarEdge Technologies Inc. income before income taxes as a percentage of revenues decreased from 2020 to 2021 and from 2021 to 2022.
Net income attributable to SolarEdge Technologies, Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. SolarEdge Technologies Inc. net income attributable to SolarEdge Technologies, Inc. as a percentage of revenues decreased from 2020 to 2021 and from 2021 to 2022.