Omega Historical Income Statement

OFLX Stock

USD 66.99 0.18 0.27%

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.

Cash Flow Balance Sheet Income Statement

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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 tightly coupled 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

Omega Flex Income Statement is one of the three primary financial statements used for reporting Omega's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Omega Flex revenue and expense. Omega Flex Income Statement primarily focuses on the company's revenues and expenses during a particular period.

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 Interest Income

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.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

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 tightly coupled 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	64.9M	51.2M
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	0.14	0.14	0.33	0.15	0.62	0.41	0.35	0.28	0.05	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	0.6	0.97	0.97	0.48	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	0.97	0.77	0.91	0.6	0.91	0.97	0.51	0.93	0.97	0.96	-0.3	0.57	-0.27	0.52	-0.11	0.17	0.17	0.66	0.0
Operating Income	0.12	0.53	0.71		0.97	0.97	0.66	0.28	0.65	0.22	0.47	0.7	0.49	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	0.14	0.53	0.71	0.97		1.0	0.64	0.28	0.63	0.19	0.46	0.68	0.45	0.54	0.54	0.5	-0.55	0.37	-0.26	0.3	0.03	0.12	0.1	0.53	-0.07
Ebitda	0.14	0.55	0.72	0.97	1.0		0.66	0.29	0.64	0.2	0.48	0.7	0.47	0.57	0.56	0.52	-0.54	0.37	-0.26	0.31	0.02	0.13	0.11	0.55	-0.08
Net Income	0.33	0.98	0.97	0.66	0.64	0.66		0.82	0.82	0.56	0.95	0.99	0.55	0.94	0.96	0.92	-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	0.52	0.86	0.85	0.14	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		0.52	0.77	0.82	0.46	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	0.41	0.6	0.6	0.22	0.19	0.2	0.56	0.52	0.52		0.47	0.53	0.04	0.42	0.56	0.64	-0.35	0.2	0.07	0.44	0.07	-0.49	-0.44	0.05	0.64
Cost Of Revenue	0.35	0.97	0.91	0.47	0.46	0.48	0.95	0.86	0.77	0.47		0.93	0.54	0.96	0.97	0.92	-0.08	0.59	-0.29	0.43	-0.09	0.32	0.32	0.7	-0.17
Income Before Tax	0.28	0.97	0.97	0.7	0.68	0.7	0.99	0.85	0.82	0.53	0.93		0.49	0.92	0.94	0.9	-0.28	0.66	-0.3	0.41	0.0	0.16	0.14	0.65	-0.04
Depreciation And Amortization	0.05	0.48	0.51	0.49	0.45	0.47	0.55	0.14	0.46	0.04	0.54	0.49		0.65	0.54	0.49	0.11	0.01	-0.02	0.11	-0.04	0.37	0.33	0.94	-0.27
Selling And Marketing Expenses	0.43	0.95	0.93	0.55	0.54	0.57	0.94	0.75	0.85	0.42	0.96	0.92	0.65		0.98	0.94	-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	0.56	0.97	0.94	0.54	0.98		0.98	-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	0.5	0.52	0.92	0.77	0.93	0.64	0.92	0.9	0.49	0.94	0.98		-0.13	0.5	-0.22	0.57	-0.24	0.23	0.25	0.64	-0.02
Total Other Income Expense Net	0.01	-0.21	-0.3	-0.38	-0.55	-0.54	-0.25	-0.18	-0.11	-0.35	-0.08	-0.28	0.11	-0.08	-0.12	-0.13		-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	0.37	0.37	0.61	0.74	0.39	0.2	0.59	0.66	0.01	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	-0.27	-0.18	-0.26	-0.26	-0.27	-0.31	-0.17	0.07	-0.29	-0.3	-0.02	-0.32	-0.26	-0.22	0.3	-0.51		-0.35	0.24	-0.24	-0.2	-0.19	0.27
Minority Interest	0.51	0.48	0.52	0.3	0.3	0.31	0.42	0.31	0.63	0.44	0.43	0.41	0.11	0.45	0.53	0.57	-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	0.03	0.02	-0.04	0.13	-0.33	0.07	-0.09	0.0	-0.04	-0.2	-0.18	-0.24	-0.17	-0.02	0.24	-0.23		-0.65	-0.68	-0.19	0.47
Interest Income	0.38	0.2	0.17	0.07	0.12	0.13	0.17	0.02	0.3	-0.49	0.32	0.16	0.37	0.4	0.29	0.23	0.35	0.08	-0.24	0.14	-0.65		0.99	0.51	-0.88
Net Interest Income	0.48	0.2	0.17	0.05	0.1	0.11	0.16	0.01	0.32	-0.44	0.32	0.14	0.33	0.4	0.3	0.25	0.35	0.06	-0.2	0.16	-0.68	0.99		0.47	-0.83
Reconciled Depreciation	0.1	0.64	0.66	0.55	0.53	0.55	0.69	0.34	0.61	0.05	0.7	0.65	0.94	0.79	0.7	0.64	0.08	0.26	-0.19	0.18	-0.19	0.51	0.47		-0.46
Extraordinary Items	0.02	-0.03	0.0	-0.02	-0.07	-0.08	-0.02	0.04	-0.08	0.64	-0.17	-0.04	-0.27	-0.21	-0.1	-0.02	-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	64.9M	51.2M
Operating Income	21.9M	26.7M	35.1M	31.0M	25.8M	21.9M
Ebit	21.9M	26.7M	35.1M	31.0M	25.8M	23.0M
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	433K	411.4K
Cost Of Revenue	40.9M	39.2M	48.5M	47.2M	46.5M	38.2M
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	719K	817K	1.0M	1.1M	1.1M	720.0K
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	39.1M	33.3M
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 determining whether Omega Flex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Omega Flex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Omega Flex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Omega Flex Stock:

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

You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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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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Is Omega Flex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Omega Flex. If investors know Omega will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Omega Flex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.21)

Dividend Share

1.31

Earnings Share

2.06

Revenue Per Share

11.043

Quarterly Revenue Growth

(0.09)

The market value of Omega Flex is measured differently than its book value, which is the value of Omega that is recorded on the company's balance sheet. Investors also form their own opinion of Omega Flex's value that differs from its market value or its book value, called intrinsic value, which is Omega Flex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Omega Flex's market value can be influenced by many factors that don't directly affect Omega Flex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Omega Flex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Omega Flex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Omega Flex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Omega Historical Income Statement

About Omega Income Statement Analysis

Omega Flex Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Interest Income

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
Net Interest Income	+ 0.99	Interest Income
Net Income	+ 0.98	Total Revenue
Other Operating Expenses	+ 0.98	Selling And Marketing Expenses

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