Rational AG
XETRA:RAA

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Rational AG
XETRA:RAA
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Price: 897 EUR 1.87% Market Closed
Market Cap: 10.2B EUR
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Income Statement

Earnings Waterfall
Rational AG

Revenue
1.2B EUR
Cost of Revenue
-484.6m EUR
Gross Profit
683.7m EUR
Operating Expenses
-382m EUR
Operating Income
301.7m EUR
Other Expenses
-65.6m EUR
Net Income
236m EUR

Income Statement
Rational AG

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Income Statement
Currency: EUR
Sep-2014 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
Revenue
Revenue
485
N/A
497
+2%
521
+5%
534
+3%
548
+3%
564
+3%
575
+2%
587
+2%
597
+2%
613
+3%
643
+5%
661
+3%
686
+4%
702
+2%
710
+1%
738
+4%
755
+2%
778
+3%
799
+3%
810
+1%
828
+2%
844
+2%
831
-2%
742
-11%
697
-6%
650
-7%
636
-2%
731
+15%
770
+5%
780
+1%
837
+7%
858
+2%
925
+8%
1 022
+10%
1 080
+6%
1 125
+4%
1 124
0%
1 126
+0%
1 130
+0%
1 146
+1%
1 168
+2%
Gross Profit
Cost of Revenue
(189)
(193)
(202)
(204)
(206)
(215)
(217)
(223)
(229)
(234)
(247)
(255)
(266)
(276)
(282)
(299)
(310)
(321)
(335)
(338)
(344)
(346)
(346)
(318)
(304)
(289)
(283)
(320)
(338)
(350)
(379)
(395)
(427)
(457)
(480)
(493)
(485)
(487)
(481)
(480)
(485)
Gross Profit
297
N/A
304
+2%
319
+5%
331
+4%
341
+3%
349
+2%
358
+2%
364
+2%
368
+1%
379
+3%
396
+5%
406
+2%
420
+3%
426
+2%
428
+0%
439
+3%
445
+1%
457
+3%
463
+1%
472
+2%
484
+3%
498
+3%
484
-3%
424
-12%
393
-7%
360
-8%
353
-2%
411
+17%
431
+5%
429
0%
458
+7%
463
+1%
498
+8%
565
+13%
600
+6%
633
+6%
639
+1%
639
0%
649
+2%
666
+3%
684
+3%
Operating Income
Operating Expenses
(162)
(165)
(171)
(175)
(179)
(188)
(201)
(204)
(208)
(210)
(218)
(229)
(237)
(234)
(244)
(245)
(248)
(252)
(253)
(260)
(261)
(276)
(282)
(272)
(265)
(244)
(240)
(247)
(255)
(271)
(282)
(294)
(309)
(327)
(343)
(352)
(363)
(356)
(367)
(376)
(382)
Selling, General & Administrative
(143)
(142)
(150)
(153)
(156)
(161)
(169)
(174)
(180)
(182)
(190)
(195)
(200)
(201)
(203)
(206)
(211)
(217)
(219)
(224)
(226)
(235)
(236)
(226)
(215)
(203)
(195)
(203)
(214)
(228)
(240)
(253)
(268)
(284)
(296)
(302)
(308)
(306)
(310)
(314)
(316)
Research & Development
(18)
(19)
(21)
(22)
(22)
(23)
(23)
(24)
(26)
(29)
(31)
(32)
(34)
(33)
(35)
(36)
(37)
(38)
(39)
(40)
(41)
(42)
(44)
(43)
(42)
(42)
(30)
(32)
(33)
(45)
(45)
(44)
(44)
(45)
(46)
(47)
(50)
(53)
(54)
(59)
(63)
Depreciation & Amortization
0
0
0
0
0
(6)
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
0
Other Operating Expenses
(1)
(4)
(0)
0
0
2
(8)
(6)
(2)
1
3
(1)
(3)
1
(6)
(2)
0
3
6
4
6
1
(2)
(3)
(8)
1
(14)
(13)
(8)
2
3
4
3
1
(2)
(3)
(5)
2
(3)
(4)
(4)
Operating Income
135
N/A
139
+3%
148
+6%
155
+5%
163
+5%
161
-1%
157
-2%
160
+2%
160
+0%
169
+5%
178
+6%
177
-1%
183
+3%
193
+6%
184
-4%
195
+6%
197
+1%
205
+4%
211
+3%
212
+1%
223
+5%
221
0%
203
-8%
153
-25%
128
-16%
116
-9%
113
-3%
164
+45%
177
+8%
158
-10%
176
+11%
169
-4%
189
+12%
238
+26%
256
+8%
280
+9%
276
-2%
282
+2%
282
0%
290
+3%
302
+4%
Pre-Tax Income
Interest Income Expense
5
5
11
8
(1)
(0)
(1)
(1)
(1)
(3)
(1)
(1)
(1)
(6)
(0)
(0)
(0)
0
0
0
0
2
(0)
(0)
(0)
(10)
(0)
(0)
(0)
2
(0)
(0)
(0)
(0)
1
3
4
2
9
10
11
Non-Reccuring Items
0
0
0
0
0
(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
1
(0)
0
0
0
Total Other Income
0
0
0
0
0
(0)
0
0
0
0
0
0
0
0
0
0
0
(1)
(0)
1
1
2
(3)
(3)
(4)
(4)
(0)
(0)
(1)
(1)
(1)
(1)
(1)
(0)
(0)
(1)
(1)
(0)
0
0
1
Pre-Tax Income
141
N/A
145
+3%
159
+10%
163
+2%
162
-1%
160
-1%
157
-2%
159
+2%
160
+0%
166
+4%
178
+7%
176
-1%
182
+3%
187
+3%
184
-2%
194
+6%
197
+1%
204
+4%
211
+3%
213
+1%
224
+5%
225
+1%
200
-11%
149
-25%
124
-17%
102
-17%
112
+10%
163
+45%
176
+8%
159
-10%
174
+10%
168
-4%
189
+12%
238
+26%
258
+8%
283
+10%
280
-1%
284
+1%
291
+2%
300
+3%
313
+4%
Net Income
Tax Provision
(34)
(35)
(38)
(39)
(38)
(38)
(37)
(38)
(38)
(39)
(42)
(41)
(43)
(43)
(43)
(46)
(46)
(47)
(48)
(48)
(51)
(54)
(48)
(36)
(30)
(22)
(24)
(36)
(40)
(35)
(39)
(37)
(42)
(52)
(56)
(62)
(61)
(68)
(71)
(74)
(77)
Income from Continuing Operations
107
110
121
124
123
122
120
122
122
127
136
135
139
144
141
148
151
157
163
165
173
172
152
113
94
80
88
126
136
124
135
130
146
186
201
221
219
216
220
227
236
Net Income (Common)
107
N/A
110
+3%
121
+10%
124
+2%
123
0%
122
-1%
120
-2%
122
+2%
122
+0%
127
+4%
136
+7%
135
-1%
139
+3%
143
+3%
141
-2%
148
+6%
151
+1%
157
+5%
163
+3%
165
+1%
173
+5%
172
-1%
152
-12%
113
-26%
94
-17%
80
-15%
88
+10%
126
+44%
136
+7%
124
-9%
135
+10%
130
-4%
146
+12%
186
+27%
201
+8%
221
+10%
219
-1%
216
-2%
220
+2%
227
+3%
236
+4%
EPS (Diluted)
9.38
N/A
9.68
+3%
10.61
+10%
10.86
+2%
10.81
0%
10.71
-1%
10.5
-2%
10.71
+2%
10.72
+0%
11.18
+4%
11.98
+7%
11.86
-1%
12.22
+3%
12.57
+3%
12.32
-2%
13.01
+6%
13.2
+1%
13.84
+5%
14.31
+3%
14.47
+1%
15.22
+5%
15.09
-1%
13.34
-12%
9.93
-26%
8.25
-17%
7.04
-15%
7.72
+10%
11.12
+44%
11.94
+7%
10.88
-9%
11.92
+10%
11.47
-4%
12.87
+12%
16.33
+27%
17.7
+8%
19.44
+10%
19.3
-1%
18.98
-2%
19.36
+2%
19.94
+3%
20.76
+4%

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