ChampionX Historical Income Statement

CHX Stock  USD 26.64  0.04  0.15%   
Historical analysis of ChampionX income statement accounts such as Depreciation And Amortization of 185.5 M, Interest Expense of 33.2 M or Selling General Administrative of 427.6 M can show how well ChampionX performed in making a profits. Evaluating ChampionX income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ChampionX's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining ChampionX 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 ChampionX is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChampionX. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
For more information on how to buy ChampionX Stock please use our How to Invest in ChampionX guide.

About ChampionX Income Statement Analysis

ChampionX 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 ChampionX shareholders. The income statement also shows ChampionX 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).

ChampionX Income Statement Chart

At this time, ChampionX's Tax Provision is fairly stable compared to the past year. Operating Income is likely to rise to about 531.9 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 185.5 M in 2024.

Total Revenue

Total revenue comprises all receipts ChampionX 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 ChampionX minus its cost of goods sold. It is profit before ChampionX 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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of ChampionX. It is also known as ChampionX overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from ChampionX's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ChampionX 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in ChampionX. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
For more information on how to buy ChampionX Stock please use our How to Invest in ChampionX guide.At this time, ChampionX's Tax Provision is fairly stable compared to the past year. Operating Income is likely to rise to about 531.9 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 185.5 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit743.3M898.7M1.1B601.8M
Total Revenue3.1B3.8B3.8B2.2B

ChampionX income statement Correlations

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-0.36-0.81-0.76-0.75-0.67-0.77-0.58-0.17-0.11-0.76-0.76-0.050.450.0-0.39-0.95-0.10.71-0.850.49-0.820.72-0.12
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-0.75-0.85-0.87-0.91-0.88-0.9-0.85-0.64-0.59-0.91-0.88-0.530.0-0.47-0.760.72-0.73-0.530.3-0.870.62-0.94-0.14
-0.140.190.150.090.00.12-0.2-0.120.060.120.15-0.090.09-0.08-0.17-0.120.06-0.060.030.160.310.13-0.14
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ChampionX Account Relationship Matchups

ChampionX income statement Accounts

201920202021202220232024 (projected)
Tax Provision6.2M(20.4M)38.4M40.2M90.3M94.9M
Depreciation And Amortization119.9M214.4M237.3M241.9M235.9M185.5M
Interest Expense39.3M51.7M51.9M45.2M54.6M33.2M
Selling General Administrative274.4M463.8M570.4M592.3M632.5M427.6M
Total Revenue1.1B1.9B3.1B3.8B3.8B2.2B
Gross Profit377.1M409.2M743.3M898.7M1.1B601.8M
Other Operating Expenses1.0B2.0B2.9B3.5B3.3B2.0B
Operating Income98.5M(53.8M)204.6M300.1M506.6M531.9M
Ebit98.5M(711.0M)204.6M374.5M506.6M531.9M
Ebitda218.4M(496.7M)441.9M616.4M506.6M253.6M
Cost Of Revenue754.1M1.5B2.3B2.9B2.6B1.6B
Total Operating Expenses276.0M463.8M570.4M592.3M633.0M435.0M
Income Before Tax59.2M(762.7M)152.7M196.8M423.8M445.0M
Total Other Income Expense Net(39.3M)(708.2M)(20.2M)(109.6M)(82.8M)(86.9M)
Net Income Applicable To Common Shares52.2M(743.9M)113.3M155.0M139.5M146.4M
Net Income52.2M(742.4M)113.3M155.0M314.2M329.9M
Income Tax Expense6.2M(20.4M)38.4M40.2M105.1M110.4M
Net Interest Income(39.3M)(51.7M)(51.9M)(45.2M)(52.4M)(55.0M)
Net Income From Continuing Ops53.0M(742.4M)114.2M156.6M306.8M322.2M
Minority Interest3.3M(13.4M)941K1.6M(1.9M)(1.8M)
Reconciled Depreciation119.9M214.4M237.3M241.9M241.3M202.9M

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Additional Tools for ChampionX Stock Analysis

When running ChampionX's price analysis, check to measure ChampionX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ChampionX is operating at the current time. Most of ChampionX's value examination focuses on studying past and present price action to predict the probability of ChampionX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChampionX's price. Additionally, you may evaluate how the addition of ChampionX to your portfolios can decrease your overall portfolio volatility.