
Orthofix Medical Inc
NASDAQ:OFIX

Income Statement
Earnings Waterfall
Orthofix Medical Inc
Revenue
|
799.5m
USD
|
Cost of Revenue
|
-253.6m
USD
|
Gross Profit
|
545.9m
USD
|
Operating Expenses
|
-606.2m
USD
|
Operating Income
|
-60.3m
USD
|
Other Expenses
|
-65.7m
USD
|
Net Income
|
-126m
USD
|
Income Statement
Orthofix Medical Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
402
N/A
|
392
-3%
|
392
N/A
|
392
+0%
|
397
+1%
|
406
+2%
|
409
+1%
|
406
-1%
|
410
+1%
|
414
+1%
|
419
+1%
|
425
+2%
|
434
+2%
|
440
+1%
|
442
+1%
|
449
+1%
|
453
+1%
|
453
+0%
|
458
+1%
|
460
+0%
|
460
+0%
|
456
-1%
|
413
-9%
|
410
-1%
|
407
-1%
|
407
+0%
|
456
+12%
|
457
+0%
|
465
+2%
|
465
+0%
|
462
-1%
|
464
+0%
|
461
-1%
|
530
+15%
|
598
+13%
|
668
+12%
|
747
+12%
|
760
+2%
|
772
+2%
|
784
+2%
|
799
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(99)
|
(92)
|
(88)
|
(87)
|
(87)
|
(89)
|
(90)
|
(86)
|
(88)
|
(88)
|
(89)
|
(93)
|
(93)
|
(95)
|
(94)
|
(95)
|
(97)
|
(96)
|
(99)
|
(100)
|
(101)
|
(100)
|
(98)
|
(99)
|
(102)
|
(104)
|
(109)
|
(111)
|
(115)
|
(117)
|
(122)
|
(124)
|
(124)
|
(160)
|
(196)
|
(230)
|
(260)
|
(257)
|
(253)
|
(251)
|
(254)
|
|
Gross Profit |
303
N/A
|
301
-1%
|
304
+1%
|
306
+1%
|
310
+1%
|
316
+2%
|
319
+1%
|
320
+0%
|
322
+1%
|
326
+1%
|
330
+1%
|
333
+1%
|
341
+2%
|
345
+1%
|
348
+1%
|
354
+2%
|
356
+1%
|
357
+0%
|
359
+0%
|
360
+0%
|
359
0%
|
355
-1%
|
315
-11%
|
311
-1%
|
305
-2%
|
303
-1%
|
347
+15%
|
346
0%
|
350
+1%
|
348
0%
|
341
-2%
|
340
0%
|
337
-1%
|
369
+10%
|
403
+9%
|
439
+9%
|
486
+11%
|
503
+3%
|
518
+3%
|
534
+3%
|
546
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(286)
|
(291)
|
(296)
|
(300)
|
(301)
|
(293)
|
(290)
|
(285)
|
(286)
|
(306)
|
(298)
|
(302)
|
(300)
|
(302)
|
(306)
|
(318)
|
(326)
|
(332)
|
(338)
|
(338)
|
(344)
|
(363)
|
(344)
|
(317)
|
(311)
|
(318)
|
(336)
|
(340)
|
(345)
|
(344)
|
(347)
|
(338)
|
(349)
|
(439)
|
(516)
|
(571)
|
(625)
|
(606)
|
(615)
|
(625)
|
(606)
|
|
Selling, General & Administrative |
(244)
|
(251)
|
(256)
|
(262)
|
(265)
|
(261)
|
(260)
|
(255)
|
(256)
|
(262)
|
(268)
|
(273)
|
(273)
|
(276)
|
(279)
|
(286)
|
(290)
|
(295)
|
(300)
|
(303)
|
(309)
|
(307)
|
(287)
|
(281)
|
(272)
|
(267)
|
(285)
|
(288)
|
(291)
|
(297)
|
(297)
|
(299)
|
(309)
|
(378)
|
(436)
|
(483)
|
(530)
|
(519)
|
(520)
|
(528)
|
(533)
|
|
Research & Development |
(25)
|
(25)
|
(25)
|
(25)
|
(26)
|
(28)
|
(29)
|
(29)
|
(29)
|
(29)
|
(29)
|
(29)
|
(30)
|
(29)
|
(30)
|
(33)
|
(33)
|
(36)
|
(37)
|
(35)
|
(35)
|
(35)
|
(35)
|
(37)
|
(39)
|
(40)
|
(44)
|
(47)
|
(50)
|
(50)
|
(50)
|
(49)
|
(49)
|
(61)
|
(68)
|
(74)
|
(80)
|
(76)
|
(75)
|
(74)
|
(74)
|
|
Depreciation & Amortization |
(2)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(3)
|
(5)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(10)
|
(13)
|
(15)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
|
Other Operating Expenses |
(16)
|
(13)
|
(13)
|
(12)
|
(9)
|
(3)
|
0
|
(1)
|
(2)
|
(16)
|
0
|
0
|
3
|
3
|
3
|
1
|
(3)
|
0
|
0
|
0
|
0
|
(19)
|
(19)
|
5
|
7
|
(3)
|
1
|
2
|
4
|
11
|
8
|
18
|
17
|
12
|
2
|
2
|
3
|
7
|
(3)
|
(6)
|
17
|
|
Operating Income |
17
N/A
|
10
-42%
|
8
-18%
|
6
-29%
|
9
+60%
|
24
+153%
|
29
+23%
|
36
+23%
|
36
N/A
|
20
-44%
|
32
+61%
|
30
-6%
|
41
+35%
|
43
+5%
|
42
-2%
|
37
-12%
|
30
-18%
|
25
-16%
|
21
-19%
|
22
+4%
|
15
-28%
|
(7)
N/A
|
(29)
-291%
|
(6)
+80%
|
(6)
-9%
|
(15)
-138%
|
11
N/A
|
6
-42%
|
5
-21%
|
4
-24%
|
(6)
N/A
|
2
N/A
|
(12)
N/A
|
(70)
-497%
|
(113)
-62%
|
(132)
-16%
|
(139)
-6%
|
(103)
+26%
|
(97)
+6%
|
(91)
+6%
|
(60)
+34%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
1
|
1
|
1
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(3)
|
(4)
|
(9)
|
(12)
|
(16)
|
(19)
|
(30)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
(13)
|
(14)
|
(14)
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(8)
|
(32)
|
(34)
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(13)
|
(12)
|
0
|
(13)
|
(2)
|
0
|
0
|
0
|
(0)
|
(5)
|
0
|
0
|
(24)
|
|
Total Other Income |
(3)
|
(2)
|
(1)
|
(2)
|
(0)
|
1
|
0
|
1
|
(3)
|
(9)
|
(9)
|
(7)
|
(4)
|
3
|
(2)
|
(8)
|
(6)
|
(11)
|
(6)
|
(9)
|
(8)
|
(9)
|
(3)
|
7
|
8
|
7
|
2
|
(1)
|
(3)
|
(2)
|
(6)
|
(7)
|
(3)
|
(2)
|
2
|
3
|
(1)
|
(3)
|
(5)
|
(6)
|
(10)
|
|
Pre-Tax Income |
13
N/A
|
7
-48%
|
6
-11%
|
3
-43%
|
9
+158%
|
24
+185%
|
16
-36%
|
22
+44%
|
19
-15%
|
12
-38%
|
23
+97%
|
24
+2%
|
36
+55%
|
45
+25%
|
39
-15%
|
28
-28%
|
23
-18%
|
7
-69%
|
6
-18%
|
(20)
N/A
|
(27)
-38%
|
(16)
+40%
|
(34)
-107%
|
(2)
+95%
|
(0)
+76%
|
(12)
-2 875%
|
10
N/A
|
2
-81%
|
(14)
N/A
|
(12)
+13%
|
(14)
-14%
|
(20)
-51%
|
(18)
+13%
|
(74)
-316%
|
(115)
-55%
|
(134)
-17%
|
(149)
-11%
|
(124)
+17%
|
(118)
+4%
|
(116)
+1%
|
(124)
-7%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(16)
|
(16)
|
(15)
|
(13)
|
(11)
|
(14)
|
(16)
|
(12)
|
(16)
|
(15)
|
(15)
|
(23)
|
(21)
|
(23)
|
(20)
|
(14)
|
(10)
|
2
|
2
|
(12)
|
(1)
|
13
|
12
|
25
|
3
|
(17)
|
(18)
|
(17)
|
(25)
|
(25)
|
(24)
|
(25)
|
(2)
|
(3)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
|
Income from Continuing Operations |
(4)
|
(10)
|
(9)
|
(10)
|
(2)
|
10
|
(0)
|
11
|
4
|
(3)
|
8
|
1
|
16
|
23
|
19
|
14
|
13
|
9
|
8
|
(31)
|
(29)
|
(4)
|
(22)
|
24
|
3
|
(29)
|
(8)
|
(15)
|
(38)
|
(37)
|
(37)
|
(46)
|
(20)
|
(76)
|
(118)
|
(136)
|
(151)
|
(126)
|
(120)
|
(119)
|
(126)
|
|
Net Income (Common) |
(9)
N/A
|
(14)
-69%
|
(10)
+30%
|
(12)
-19%
|
(3)
+77%
|
9
N/A
|
(2)
N/A
|
10
N/A
|
3
-68%
|
(3)
N/A
|
8
N/A
|
2
-81%
|
6
+313%
|
14
+129%
|
11
-21%
|
7
-42%
|
14
+112%
|
10
-31%
|
8
-15%
|
(31)
N/A
|
(29)
+9%
|
(4)
+87%
|
(22)
-497%
|
24
N/A
|
3
-89%
|
(29)
N/A
|
(8)
+72%
|
(15)
-85%
|
(38)
-156%
|
(37)
+3%
|
(37)
+0%
|
(46)
-23%
|
(20)
+57%
|
(76)
-287%
|
(118)
-55%
|
(136)
-15%
|
(151)
-11%
|
(126)
+16%
|
(120)
+5%
|
(119)
+1%
|
(126)
-6%
|
|
EPS (Diluted) |
-0.45
N/A
|
-0.77
-71%
|
-0.53
+31%
|
-0.63
-19%
|
-0.14
+78%
|
0.49
N/A
|
-0.08
N/A
|
0.52
N/A
|
0.16
-69%
|
-0.18
N/A
|
0.43
N/A
|
0.08
-81%
|
0.33
+313%
|
0.75
+127%
|
0.59
-21%
|
0.34
-42%
|
0.73
+115%
|
0.49
-33%
|
0.43
-12%
|
-1.66
N/A
|
-1.51
+9%
|
-0.18
+88%
|
-1.11
-517%
|
1.22
N/A
|
0.13
-89%
|
-1.5
N/A
|
-0.42
+72%
|
-0.77
-83%
|
-1.95
-153%
|
-1.86
+5%
|
-1.86
N/A
|
-2.28
-23%
|
-0.98
+57%
|
-2.13
-117%
|
-3.2
-50%
|
-3.65
-14%
|
-4.12
-13%
|
-3.35
+19%
|
-3.16
+6%
|
-3.09
+2%
|
-3.3
-7%
|