Meritage Hospitality Group
Income Statement
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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Meritage Hospitality Group's past years’ income statements indicate that its last revenue has increased compared to the previous period by 7% to $672,494,000. Profit margin reached 1%. Total operating expenses were $58,285,000.
Profit Margin
| 2014 | 160.21M | 2.75M | 1.72% |
|---|---|---|---|
| 2015 | 209.99M | 7.02M | 3.35% |
| 2016 | 235.77M | 6.44M | 2.74% |
| 2017 | 312.58M | 8.96M | 2.87% |
| 2018 | 435.29M | 13.00M | 2.99% |
| 2019 | 467.54M | 12.05M | 2.58% |
| 2020 | 516.17M | 14.91M | 2.89% |
| 2021 | 577.12M | 17.44M | 3.02% |
| 2022 | 626.04M | 8.48M | 1.36% |
| 2023 | 672.49M | 6.13M | 0.91% |
MHGU Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 672.49M | 626.04M | 577.12M | 516.17M | 467.54M | 435.29M | 312.58M | 235.77M | 209.99M | 160.21M |
Cost of revenue | 591.60M | 373.85M | 334.17M | 287.53M | 262.54M | 241.29M | 174.59M | 130.85M | 118.16M | 94.73M |
Gross profit | 80.89M | 252.19M | 242.95M | 228.64M | 204.99M | 194.00M | 137.98M | 104.91M | 91.82M | 65.47M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 26.27M | 24.44M | 22.29M | 18.16M | 18.20M | 18.41M | 13.33M | 9.90M | 8.72M | 6.64M |
Total operating expenses | 58.28M | 230.57M | 220.89M | 194.40M | 179.81M | 164.72M | 120.13M | 89.96M | 79.29M | 60.29M |
Operating income | 22.60M | 25.47M | 35.03M | 37.40M | 29.21M | 25.41M | 14.44M | 11.37M | 10.67M | 4.27M |
Other income (expenses), net | -15.69M | -15.80M | -11.73M | -7.62M | -12.74M | -3.08M | -3.14M | -3.01M | -1.48M | -731.46K |
Income before tax | 6.91M | 9.67M | 23.29M | 18.15M | 16.46M | 16.52M | 11.30M | 8.68M | 10.05M | 3.54M |
Income tax expense | 888K | 586K | 5.09M | 2.40M | 3.58M | 3.37M | 2.26M | 2.23M | 3.02M | 787.37K |
Net income | 6.13M | 8.48M | 17.44M | 14.91M | 12.05M | 13.00M | 8.96M | 6.44M | 7.02M | 2.75M |
Earnings per share | ||||||||||
Basic EPS | 0.71 | 0.98 | 2.3 | 2 | 1.62 | 2.08 | 1.46 | 1.09 | 1.25 | 0.49 |
Diluted EPS | 0.56 | 0.74 | 1.81 | 1.59 | 1.27 | 2.08 | 1.46 | 1.09 | 1.25 | 0.49 |