Carel Industries S.p.A. (BIT:CRL)

Carel Industries Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	652.53	629.03	578.54	650.25	544.85	420.42
Revenue	652.53	629.03	578.54	650.25	544.85	420.42
Revenue Growth (YoY)	12.60%	8.73%	-11.03%	19.34%	29.60%	26.78%
Cost of Revenue	333.62	324.04	306.99	358.79	313.99	237.29
Gross Profit	318.91	304.99	271.54	291.46	230.86	183.13
Selling, General & Admin	186.16	181.82	169.78	156.16	122.8	102.02
Other Operating Expenses	-1.48	-0.87	-3.11	-1.82	-3.62	-0.71
Operating Expenses	226.29	223.06	204.98	187.06	143.56	122.15
Operating Income	92.62	81.93	66.56	104.4	87.3	60.98
Interest Expense	-6.53	-7.14	-10.04	-10.79	-2.56	-1.96
Interest & Investment Income	1.61	1.61	1.79	0.76	0.17	0.19
Earnings From Equity Investments	2.11	1.04	1.74	0.61	2.36	0.51
Currency Exchange Gain (Loss)	-2.85	-1.31	3.18	-3.76	-0.86	-1.43
Other Non Operating Income (Expenses)	19.18	18.73	15.63	0.89	-3.23	-0.74
EBT Excluding Unusual Items	106.13	94.86	78.86	92.11	83.18	57.55
Gain (Loss) on Sale of Investments	0.29	0.29	0.91	1.09	0.21	0.03
Gain (Loss) on Sale of Assets	0.04	0.04	-0.01	0.07	0.05	0.35
Asset Writedown	-0.01	-0.01	-0.03	-0.06	-0.04	-0
Other Unusual Items	-	-	-	-	-	3.13
Pretax Income	106.46	95.18	79.73	93.21	83.4	61.06
Income Tax Expense	24.32	21.5	16.47	18.73	18.6	11.97
Earnings From Continuing Operations	82.14	73.68	63.26	74.47	64.8	49.09
Minority Interest in Earnings	-0.24	-0.04	-0.62	-3.53	-2.68	-0.03
Net Income	81.9	73.64	62.64	70.94	62.12	49.06
Net Income to Common	81.9	73.64	62.64	70.94	62.12	49.06
Net Income Growth	45.61%	17.56%	-11.70%	14.19%	26.63%	39.72%
Shares Outstanding (Basic)	113	112	112	101	100	100
Shares Outstanding (Diluted)	113	112	112	101	100	100
Shares Change (YoY)	0.00%	-	11.35%	1.44%	-0.31%	0.05%
EPS (Basic)	0.72	0.65	0.56	0.70	0.62	0.49
EPS (Diluted)	0.72	0.65	0.56	0.70	0.62	0.49
EPS Growth	45.61%	17.56%	-20.70%	12.57%	27.02%	39.65%
Free Cash Flow	107.22	106.59	63.9	81.09	47.11	39.23
Free Cash Flow Per Share	0.95	0.95	0.57	0.80	0.47	0.39
Dividend Per Share	-	0.195	0.165	0.190	0.180	0.150
Dividend Growth	-	18.18%	-13.16%	5.56%	20.00%	25.00%
Gross Margin	48.87%	48.49%	46.94%	44.82%	42.37%	43.56%
Operating Margin	14.19%	13.03%	11.51%	16.05%	16.02%	14.50%
Profit Margin	12.55%	11.71%	10.83%	10.91%	11.40%	11.67%
Free Cash Flow Margin	16.43%	16.95%	11.05%	12.47%	8.65%	9.33%
EBITDA	124.28	114.09	95.09	128.05	111.68	81.82
EBITDA Margin	19.05%	18.14%	16.44%	19.69%	20.50%	19.46%
D&A For EBITDA	31.66	32.16	28.53	23.66	24.38	20.84
EBIT	92.62	81.93	66.56	104.4	87.3	60.98
EBIT Margin	14.19%	13.03%	11.51%	16.05%	16.02%	14.50%
Effective Tax Rate	22.84%	22.59%	20.66%	20.10%	22.30%	19.60%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.