Omega Historical Income Statement

OFLX Stock

USD 49.24 0.26 0.53%

Historical analysis of Omega Flex income statement accounts such as Operating Income of 21.9 M can show how well Omega Flex performed in making a profits. Evaluating Omega Flex income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Omega Flex's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Omega Flex 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 Omega Flex is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omega Flex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Omega Stock please use our How to Invest in Omega Flex guide.

About Omega Income Statement Analysis

Omega Flex 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 Omega Flex shareholders. The income statement also shows Omega 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).

Omega Flex Income Statement Chart

At this time, Omega Flex's Net Income Applicable To Common Shares is fairly stable compared to the past year. Total Other Income Expense Net is likely to rise to about 1.8 M in 2024, whereas Interest Expense is likely to drop slightly above 103.2 K in 2024.

Total Revenue Gross Profit Operating Income Ebitda Net Income Depreciation And Amortization

Total Revenue

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

Operating Income

Operating Income is the amount of profit realized from Omega Flex operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Omega Flex is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Omega Flex financial statement analysis. It represents the amount of money remaining after all of Omega Flex operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Most accounts from Omega Flex's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Omega Flex 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omega Flex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Omega Stock please use our How to Invest in Omega Flex guide.At this time, Omega Flex's Net Income Applicable To Common Shares is fairly stable compared to the past year. Total Other Income Expense Net is likely to rise to about 1.8 M in 2024, whereas Interest Expense is likely to drop slightly above 103.2 K in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	81.5M	78.3M	68.4M	51.3M
Total Revenue	130.0M	125.5M	111.5M	85.2M

Gross Profit Total Revenue

Omega Flex income statement Correlations

	Interest Expense	Total Revenue	Gross Profit	Operating Income	Ebit	Ebitda	Net Income	Income Tax Expense	Selling General Administrative	Research Development	Cost Of Revenue	Income Before Tax	Depreciation And Amortization	Selling And Marketing Expenses	Other Operating Expenses	Total Operating Expenses	Total Other Income Expense Net	Net Income From Continuing Ops	Non Operating Income Net Other	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Interest Expense		0.41	0.43	0.12	0.16	0.14	0.33	0.15	0.62	0.57	0.35	0.28	-0.38	0.43	0.48	0.56	0.01	-0.02	0.03	0.51	-0.66	0.38	0.48	0.1	0.02
Total Revenue	0.41		0.97	0.53	0.53	0.55	0.98	0.87	0.84	0.93	0.98	0.97	0.15	0.95	0.99	0.97	-0.21	0.61	-0.28	0.48	-0.1	0.2	0.2	0.64	-0.03
Gross Profit	0.43	0.97		0.71	0.71	0.72	0.98	0.77	0.91	0.87	0.92	0.98	0.17	0.94	0.97	0.96	-0.28	0.57	-0.28	0.51	-0.11	0.2	0.2	0.68	-0.02
Operating Income	0.12	0.53	0.71		0.97	0.97	0.66	0.28	0.65	0.37	0.47	0.7	0.29	0.55	0.55	0.52	-0.38	0.35	-0.18	0.3	0.08	0.07	0.05	0.55	-0.02
Ebit	0.16	0.53	0.71	0.97		1.0	0.65	0.28	0.63	0.37	0.46	0.69	0.22	0.55	0.54	0.51	-0.55	0.36	-0.26	0.32	0.02	0.12	0.11	0.52	-0.07
Ebitda	0.14	0.55	0.72	0.97	1.0		0.66	0.29	0.64	0.38	0.48	0.7	0.26	0.57	0.56	0.53	-0.54	0.37	-0.26	0.31	0.02	0.13	0.11	0.55	-0.08
Net Income	0.33	0.98	0.98	0.66	0.65	0.66		0.82	0.82	0.89	0.95	0.99	0.26	0.94	0.96	0.93	-0.25	0.61	-0.27	0.42	-0.04	0.17	0.16	0.69	-0.02
Income Tax Expense	0.15	0.87	0.77	0.28	0.28	0.29	0.82		0.58	0.73	0.87	0.85	-0.04	0.75	0.8	0.77	-0.18	0.74	-0.31	0.31	0.13	0.02	0.01	0.34	0.04
Selling General Administrative	0.62	0.84	0.91	0.65	0.63	0.64	0.82	0.58		0.8	0.78	0.82	0.01	0.85	0.9	0.93	-0.11	0.39	-0.17	0.63	-0.33	0.3	0.32	0.61	-0.08
Research Development	0.57	0.93	0.87	0.37	0.37	0.38	0.89	0.73	0.8		0.91	0.84	0.1	0.88	0.93	0.93	-0.12	0.39	-0.19	0.56	-0.28	0.21	0.24	0.59	0.01
Cost Of Revenue	0.35	0.98	0.92	0.47	0.46	0.48	0.95	0.87	0.78	0.91		0.94	0.19	0.95	0.97	0.94	-0.11	0.6	-0.28	0.45	-0.08	0.26	0.26	0.66	-0.13
Income Before Tax	0.28	0.97	0.98	0.7	0.69	0.7	0.99	0.85	0.82	0.84	0.94		0.21	0.92	0.94	0.91	-0.28	0.66	-0.3	0.41	0.0	0.16	0.14	0.65	-0.04
Depreciation And Amortization	-0.38	0.15	0.17	0.29	0.22	0.26	0.26	-0.04	0.01	0.1	0.19	0.21		0.29	0.16	0.11	0.16	0.02	0.13	-0.39	0.18	0.16	0.09	0.74	-0.23
Selling And Marketing Expenses	0.43	0.95	0.94	0.55	0.55	0.57	0.94	0.75	0.85	0.88	0.95	0.92	0.29		0.98	0.96	-0.08	0.53	-0.32	0.45	-0.2	0.4	0.4	0.79	-0.21
Other Operating Expenses	0.48	0.99	0.97	0.55	0.54	0.56	0.96	0.8	0.9	0.93	0.97	0.94	0.16	0.98		0.99	-0.12	0.54	-0.26	0.53	-0.18	0.29	0.3	0.7	-0.1
Total Operating Expenses	0.56	0.97	0.96	0.52	0.51	0.53	0.93	0.77	0.93	0.93	0.94	0.91	0.11	0.96	0.99		-0.1	0.5	-0.24	0.56	-0.25	0.29	0.3	0.67	-0.06
Total Other Income Expense Net	0.01	-0.21	-0.28	-0.38	-0.55	-0.54	-0.25	-0.18	-0.11	-0.12	-0.11	-0.28	0.16	-0.08	-0.12	-0.1		-0.22	0.3	-0.17	-0.17	0.35	0.35	0.08	-0.35
Net Income From Continuing Ops	-0.02	0.61	0.57	0.35	0.36	0.37	0.61	0.74	0.39	0.39	0.6	0.66	0.02	0.53	0.54	0.5	-0.22		-0.51	-0.08	-0.02	0.08	0.06	0.26	-0.14
Non Operating Income Net Other	0.03	-0.28	-0.28	-0.18	-0.26	-0.26	-0.27	-0.31	-0.17	-0.19	-0.28	-0.3	0.13	-0.32	-0.26	-0.24	0.3	-0.51		-0.35	0.24	-0.24	-0.2	-0.19	0.27
Minority Interest	0.51	0.48	0.51	0.3	0.32	0.31	0.42	0.31	0.63	0.56	0.45	0.41	-0.39	0.45	0.53	0.56	-0.17	-0.08	-0.35		-0.23	0.14	0.16	0.18	0.04
Tax Provision	-0.66	-0.1	-0.11	0.08	0.02	0.02	-0.04	0.13	-0.33	-0.28	-0.08	0.0	0.18	-0.2	-0.18	-0.25	-0.17	-0.02	0.24	-0.23		-0.65	-0.68	-0.19	0.47
Interest Income	0.38	0.2	0.2	0.07	0.12	0.13	0.17	0.02	0.3	0.21	0.26	0.16	0.16	0.4	0.29	0.29	0.35	0.08	-0.24	0.14	-0.65		0.99	0.51	-0.88
Net Interest Income	0.48	0.2	0.2	0.05	0.11	0.11	0.16	0.01	0.32	0.24	0.26	0.14	0.09	0.4	0.3	0.3	0.35	0.06	-0.2	0.16	-0.68	0.99		0.47	-0.83
Reconciled Depreciation	0.1	0.64	0.68	0.55	0.52	0.55	0.69	0.34	0.61	0.59	0.66	0.65	0.74	0.79	0.7	0.67	0.08	0.26	-0.19	0.18	-0.19	0.51	0.47		-0.46
Extraordinary Items	0.02	-0.03	-0.02	-0.02	-0.07	-0.08	-0.02	0.04	-0.08	0.01	-0.13	-0.04	-0.23	-0.21	-0.1	-0.06	-0.35	-0.14	0.27	0.04	0.47	-0.88	-0.83	-0.46

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Omega Flex Account Relationship Matchups

Omega Flex income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	793K	39K	5K	174K	200.1K	103.2K
Total Revenue	111.4M	105.8M	130.0M	125.5M	111.5M	85.2M
Gross Profit	70.5M	66.6M	81.5M	78.3M	68.4M	51.3M
Operating Income	21.9M	26.7M	35.1M	31.0M	25.8M	21.9M
Ebit	22.5M	26.6M	35.1M	31.0M	25.8M	23.1M
Ebitda	22.6M	27.5M	36.1M	32.1M	26.9M	23.6M
Net Income	17.3M	19.9M	26.2M	23.6M	20.8M	12.6M
Income Tax Expense	5.4M	6.6M	8.9M	7.3M	6.8M	4.7M
Selling General Administrative	24.8M	19.1M	21.4M	20.6M	17.7M	17.0M
Research Development	4.7M	4.2M	4.6M	4.7M	3.9M	3.1M
Cost Of Revenue	40.9M	39.2M	48.5M	47.2M	43.1M	38.1M
Income Before Tax	22.9M	26.6M	35.1M	31.0M	27.5M	19.3M
Net Income Applicable To Common Shares	17.3M	19.9M	26.2M	23.6M	27.2M	28.5M
Depreciation And Amortization	171.9K	870K	1.0M	1.1M	1.1M	623.1K
Selling And Marketing Expenses	19.0M	16.6M	20.4M	21.9M	21.0M	16.4M
Other Operating Expenses	89.4M	79.1M	94.9M	94.5M	85.7M	72.4M
Total Operating Expenses	48.6M	39.9M	46.5M	47.3M	42.6M	33.5M
Total Other Income Expense Net	932K	(92K)	56K	(37K)	1.7M	1.8M
Net Income From Continuing Ops	17.4M	20.0M	26.3M	23.7M	22.0M	23.4M
Non Operating Income Net Other	56K	(53K)	21K	(211K)	(189.9K)	(180.4K)
Minority Interest	139K	57K	61K	30K	7K	6.7K
Tax Provision	5.4M	6.6M	8.9M	7.3M	6.8M	5.7M
Interest Income	488K	876K	35K	174K	1.7M	1.8M
Net Interest Income	876K	(39K)	35K	174K	1.3M	1.4M
Reconciled Depreciation	719K	870K	1.0M	1.1M	1.1M	917.1K

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When running Omega Flex's price analysis, check to measure Omega Flex'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 Omega Flex is operating at the current time. Most of Omega Flex's value examination focuses on studying past and present price action to predict the probability of Omega Flex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omega Flex's price. Additionally, you may evaluate how the addition of Omega Flex to your portfolios can decrease your overall portfolio volatility.

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Omega Historical Income Statement

About Omega Income Statement Analysis

Omega Flex Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Net Income

Depreciation And Amortization

Omega Flex income statement Correlations

Omega Flex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Omega Flex income statement Accounts

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Ebitda	+ 1.0	Ebit
Other Operating Expenses	+ 0.99	Total Revenue
Income Before Tax	+ 0.99	Net Income
Total Operating Expenses	+ 0.99	Other Operating Expenses
Net Interest Income	+ 0.99	Interest Income
Net Income	+ 0.98	Total Revenue

Extraordinary Items	- 0.88	Interest Income
Extraordinary Items	- 0.83	Net Interest Income
Net Interest Income	- 0.68	Tax Provision
Tax Provision	- 0.66	Interest Expense
Interest Income	- 0.65	Tax Provision
Total Other Income Expense Net	- 0.55	Ebit