Onity Historical Income Statement

ONIT Stock   30.96  0.07  0.23%   
Historical analysis of Onity income statement accounts such as Other Operating Expenses of 499 M can show how well Onity Group performed in making a profits. Evaluating Onity income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Onity's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Onity Group 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 Onity Group is a good buy for the upcoming year.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onity Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

About Onity Income Statement Analysis

Onity Group 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 Onity shareholders. The income statement also shows Onity 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).

Onity Income Statement Chart

At this time, Onity's Tax Provision is comparatively stable compared to the past year.

Total Revenue

Total revenue comprises all receipts Onity Group 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 Onity Group minus its cost of goods sold. It is profit before Onity 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 Onity Group. It is also known as Onity 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.

Operating Income

Operating Income is the amount of profit realized from Onity Group 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 Onity Group 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Onity income statement and is an important metric when analyzing Onity Group profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most accounts from Onity's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Onity Group 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 Onity Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
At this time, Onity's Tax Provision is comparatively stable compared to the past year.
 2021 2022 2023 2024 (projected)
Total Revenue1.1B877.2M1.1B880.8M
Depreciation And Amortization710.6M459.5M12.1M11.5M

Onity income statement Correlations

0.870.95-0.8-0.61-0.990.82-0.88-0.13-0.830.370.84-0.850.090.66-0.74-0.760.69-0.85-0.080.8-0.5
0.870.77-0.81-0.27-0.840.83-0.680.25-0.80.090.65-0.9-0.150.62-0.5-0.490.33-0.66-0.330.61-0.08
0.950.77-0.73-0.72-0.950.72-0.89-0.28-0.860.540.91-0.760.30.57-0.77-0.810.76-0.860.050.76-0.62
-0.8-0.81-0.730.220.81-0.80.75-0.230.89-0.02-0.610.830.23-0.680.70.66-0.330.690.44-0.720.18
-0.61-0.27-0.720.220.67-0.240.740.850.49-0.85-0.770.21-0.72-0.290.50.6-0.830.68-0.54-0.620.89
-0.99-0.84-0.950.810.67-0.820.940.210.87-0.41-0.880.84-0.14-0.710.80.82-0.740.910.09-0.860.54
0.820.830.72-0.8-0.24-0.82-0.760.21-0.780.010.57-0.98-0.240.86-0.8-0.760.5-0.78-0.550.82-0.15
-0.88-0.68-0.890.750.740.94-0.760.390.88-0.49-0.890.74-0.24-0.790.860.89-0.810.970.11-0.950.59
-0.130.25-0.28-0.230.850.210.210.390.08-0.82-0.43-0.28-0.810.010.20.3-0.630.34-0.69-0.310.78
-0.83-0.8-0.860.890.490.87-0.780.880.08-0.41-0.770.79-0.18-0.670.720.72-0.50.80.21-0.810.4
0.370.090.54-0.02-0.85-0.410.01-0.49-0.82-0.410.520.020.96-0.05-0.21-0.310.52-0.360.730.35-0.86
0.840.650.91-0.61-0.77-0.880.57-0.89-0.43-0.770.52-0.630.290.62-0.75-0.790.84-0.910.030.74-0.53
-0.85-0.9-0.760.830.210.84-0.980.74-0.280.790.02-0.630.28-0.810.750.71-0.470.760.54-0.750.08
0.09-0.150.30.23-0.72-0.14-0.24-0.24-0.81-0.180.960.290.28-0.290.03-0.070.33-0.110.820.1-0.76
0.660.620.57-0.68-0.29-0.710.86-0.790.01-0.67-0.050.62-0.81-0.29-0.84-0.80.62-0.87-0.640.88-0.07
-0.74-0.5-0.770.70.50.8-0.80.860.20.72-0.21-0.750.750.03-0.840.99-0.820.910.36-0.890.44
-0.76-0.49-0.810.660.60.82-0.760.890.30.72-0.31-0.790.71-0.07-0.80.99-0.870.920.25-0.890.54
0.690.330.76-0.33-0.83-0.740.5-0.81-0.63-0.50.520.84-0.470.330.62-0.82-0.87-0.870.10.76-0.67
-0.85-0.66-0.860.690.680.91-0.780.970.340.8-0.36-0.910.76-0.11-0.870.910.92-0.870.23-0.930.46
-0.08-0.330.050.44-0.540.09-0.550.11-0.690.210.730.030.540.82-0.640.360.250.10.23-0.27-0.65
0.80.610.76-0.72-0.62-0.860.82-0.95-0.31-0.810.350.74-0.750.10.88-0.89-0.890.76-0.93-0.27-0.5
-0.5-0.08-0.620.180.890.54-0.150.590.780.4-0.86-0.530.08-0.76-0.070.440.54-0.670.46-0.65-0.5
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Onity Account Relationship Matchups

Onity income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization744.9M791.1M710.6M459.5M12.1M11.5M
Total Revenue1.1B951.1M1.1B877.2M1.1B880.8M
Gross Profit981.2M854.7M927.0M797.5M584.5M709.7M
Other Operating Expenses362.8M820.4M851.7M728.8M649.6M499.0M
Operating Income31.9M19.1M10.3M14.8M392.4M412.0M
Ebit(727.8M)(615.6M)(258.7M)(50.8M)654.5M687.2M
Ebitda17.1M175.5M451.9M408.7M666.6M699.9M
Cost Of Revenue140.9M96.4M123.9M79.7M560.1M588.1M
Total Operating Expenses(503.7M)368.4M296.2M188.5M357.8M375.7M
Income Before Tax409.1M179.0M350.5M432.5M(58.1M)(55.2M)
Total Other Income Expense Net9.0M(105.7M)(4.4M)(369M)(450.5M)(428.0M)
Net Income(126.5M)(105.7M)(4.4M)25.7M(63.7M)(66.9M)
Income Tax Expense377.2M159.9M340.3M417.7M5.6M5.3M

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Additional Tools for Onity Stock Analysis

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