
Medifast Inc
NYSE:MED

Income Statement
Earnings Waterfall
Medifast Inc
Revenue
|
602.5m
USD
|
Cost of Revenue
|
-157.8m
USD
|
Gross Profit
|
444.6m
USD
|
Operating Expenses
|
-425.2m
USD
|
Operating Income
|
19.5m
USD
|
Other Expenses
|
-17.4m
USD
|
Net Income
|
2.1m
USD
|
Income Statement
Medifast 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 |
285
N/A
|
279
-2%
|
277
-1%
|
274
-1%
|
273
0%
|
272
0%
|
271
0%
|
273
+1%
|
275
+0%
|
273
-1%
|
277
+2%
|
286
+3%
|
302
+5%
|
330
+9%
|
371
+13%
|
433
+17%
|
501
+16%
|
568
+13%
|
638
+12%
|
689
+8%
|
714
+4%
|
726
+2%
|
759
+5%
|
841
+11%
|
935
+11%
|
1 097
+17%
|
1 271
+16%
|
1 413
+11%
|
1 526
+8%
|
1 603
+5%
|
1 662
+4%
|
1 639
-1%
|
1 599
-2%
|
1 530
-4%
|
1 373
-10%
|
1 218
-11%
|
1 072
-12%
|
898
-16%
|
770
-14%
|
674
-12%
|
602
-11%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(76)
|
(74)
|
(74)
|
(73)
|
(72)
|
(71)
|
(70)
|
(70)
|
(69)
|
(67)
|
(68)
|
(70)
|
(74)
|
(80)
|
(90)
|
(103)
|
(121)
|
(138)
|
(156)
|
(171)
|
(177)
|
(179)
|
(194)
|
(214)
|
(237)
|
(286)
|
(326)
|
(365)
|
(399)
|
(422)
|
(453)
|
(454)
|
(458)
|
(445)
|
(399)
|
(350)
|
(296)
|
(241)
|
(201)
|
(177)
|
(158)
|
|
Gross Profit |
209
N/A
|
205
-2%
|
203
-1%
|
201
-1%
|
201
+0%
|
201
0%
|
201
N/A
|
204
+1%
|
206
+1%
|
205
0%
|
210
+2%
|
216
+3%
|
228
+6%
|
250
+10%
|
281
+12%
|
330
+17%
|
380
+15%
|
430
+13%
|
482
+12%
|
518
+7%
|
537
+4%
|
547
+2%
|
566
+3%
|
627
+11%
|
698
+11%
|
811
+16%
|
945
+17%
|
1 049
+11%
|
1 128
+8%
|
1 181
+5%
|
1 209
+2%
|
1 185
-2%
|
1 140
-4%
|
1 085
-5%
|
974
-10%
|
868
-11%
|
776
-11%
|
657
-15%
|
569
-13%
|
498
-13%
|
445
-11%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(179)
|
(178)
|
(177)
|
(174)
|
(173)
|
(172)
|
(176)
|
(178)
|
(179)
|
(176)
|
(174)
|
(179)
|
(188)
|
(204)
|
(229)
|
(271)
|
(311)
|
(351)
|
(393)
|
(426)
|
(446)
|
(451)
|
(468)
|
(505)
|
(557)
|
(648)
|
(749)
|
(841)
|
(911)
|
(963)
|
(1 003)
|
(986)
|
(956)
|
(901)
|
(801)
|
(718)
|
(649)
|
(576)
|
(519)
|
(468)
|
(425)
|
|
Selling, General & Administrative |
(179)
|
(178)
|
(177)
|
(174)
|
(173)
|
(172)
|
(176)
|
(178)
|
(179)
|
(176)
|
(174)
|
(179)
|
(188)
|
(204)
|
(229)
|
(271)
|
(309)
|
(351)
|
(392)
|
(424)
|
(443)
|
(449)
|
(466)
|
(502)
|
(554)
|
(643)
|
(745)
|
(837)
|
(907)
|
(959)
|
(999)
|
(982)
|
(951)
|
(897)
|
(796)
|
(713)
|
(645)
|
(571)
|
(514)
|
(464)
|
(421)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(2)
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(5)
|
|
Operating Income |
30
N/A
|
27
-10%
|
26
-4%
|
27
+5%
|
29
+5%
|
29
-1%
|
25
-13%
|
26
+4%
|
27
+4%
|
29
+9%
|
36
+22%
|
37
+3%
|
40
+8%
|
46
+15%
|
52
+13%
|
59
+14%
|
69
+18%
|
79
+14%
|
89
+13%
|
92
+3%
|
91
-1%
|
96
+5%
|
98
+2%
|
122
+25%
|
141
+16%
|
164
+16%
|
197
+20%
|
207
+5%
|
216
+4%
|
219
+1%
|
206
-6%
|
199
-3%
|
185
-7%
|
183
-1%
|
173
-6%
|
150
-13%
|
126
-16%
|
81
-36%
|
51
-37%
|
30
-42%
|
19
-34%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
1
|
2
|
4
|
1
|
(1)
|
1
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(7)
|
(7)
|
(7)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(13)
|
(13)
|
(13)
|
|
Total Other Income |
1
|
1
|
1
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
2
|
(2)
|
(4)
|
(4)
|
|
Pre-Tax Income |
32
N/A
|
29
-10%
|
27
-5%
|
28
+2%
|
30
+6%
|
29
-2%
|
26
-13%
|
26
+4%
|
27
+3%
|
30
+9%
|
36
+21%
|
37
+4%
|
40
+8%
|
47
+15%
|
53
+13%
|
60
+14%
|
71
+17%
|
81
+14%
|
91
+13%
|
94
+3%
|
92
-1%
|
91
-2%
|
91
+0%
|
115
+26%
|
134
+16%
|
164
+22%
|
197
+20%
|
207
+5%
|
216
+4%
|
218
+1%
|
206
-6%
|
199
-4%
|
184
-7%
|
182
-1%
|
173
-5%
|
151
-12%
|
129
-15%
|
87
-32%
|
37
-57%
|
12
-67%
|
4
-69%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(11)
|
(10)
|
(9)
|
(10)
|
(10)
|
(10)
|
(9)
|
(9)
|
(9)
|
(10)
|
(12)
|
(13)
|
(12)
|
(12)
|
(12)
|
(12)
|
(15)
|
(16)
|
(19)
|
(20)
|
(14)
|
(15)
|
(15)
|
(21)
|
(31)
|
(38)
|
(46)
|
(49)
|
(52)
|
(54)
|
(49)
|
(47)
|
(41)
|
(41)
|
(40)
|
(32)
|
(29)
|
(19)
|
(8)
|
(5)
|
(2)
|
|
Income from Continuing Operations |
21
|
19
|
18
|
18
|
20
|
19
|
17
|
18
|
18
|
20
|
24
|
25
|
28
|
34
|
41
|
48
|
56
|
64
|
72
|
74
|
78
|
76
|
76
|
95
|
103
|
126
|
151
|
158
|
164
|
165
|
157
|
151
|
144
|
142
|
133
|
120
|
99
|
68
|
29
|
7
|
2
|
|
Net Income (Common) |
13
N/A
|
12
-12%
|
12
+4%
|
13
+5%
|
20
+58%
|
20
-1%
|
17
-14%
|
18
+4%
|
18
+1%
|
20
+11%
|
24
+21%
|
25
+3%
|
28
+13%
|
34
+22%
|
40
+19%
|
47
+18%
|
56
+18%
|
64
+15%
|
72
+11%
|
74
+3%
|
78
+6%
|
76
-3%
|
76
+1%
|
95
+24%
|
103
+9%
|
126
+22%
|
151
+20%
|
158
+5%
|
164
+4%
|
165
+0%
|
157
-5%
|
151
-4%
|
144
-5%
|
142
-1%
|
133
-6%
|
120
-10%
|
99
-17%
|
68
-32%
|
29
-57%
|
7
-75%
|
2
-71%
|
|
EPS (Diluted) |
1.1
N/A
|
0.95
-14%
|
0.99
+4%
|
1.05
+6%
|
1.66
+58%
|
1.67
+1%
|
1.43
-14%
|
1.49
+4%
|
1.49
N/A
|
1.65
+11%
|
1.99
+21%
|
2.03
+2%
|
2.28
+12%
|
2.79
+22%
|
3.3
+18%
|
3.91
+18%
|
4.62
+18%
|
5.27
+14%
|
5.87
+11%
|
6.08
+4%
|
6.43
+6%
|
6.41
0%
|
6.45
+1%
|
7.96
+23%
|
8.64
+9%
|
10.54
+22%
|
12.65
+20%
|
13.39
+6%
|
13.89
+4%
|
14.2
+2%
|
13.76
-3%
|
13.73
0%
|
12.7
-8%
|
13
+2%
|
12.2
-6%
|
11
-10%
|
9.1
-17%
|
6.2
-32%
|
2.69
-57%
|
0.67
-75%
|
0.19
-72%
|