CNH Industrial Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	15,024	17,060	22,080	21,541	17,802	13,083
Other Revenue	2,790	2,776	2,607	2,010	1,694	1,696
Revenue	17,814	19,836	24,687	23,551	19,496	14,779
Revenue Growth (YoY)	-18.10%	-19.65%	4.82%	20.80%	31.92%	-47.37%
Cost of Revenue	12,079	13,350	16,838	16,797	14,109	11,152
Gross Profit	3,390	4,183	5,767	5,206	4,283	3,142
Selling, General & Admin	1,401	1,380	1,645	1,549	1,454	1,421
Research & Development	872	924	1,041	866	642	493
Other Operating Expenses	254	173	133	-25	76	732
Operating Expenses	2,527	2,477	2,819	2,390	2,172	2,646
Operating Income	863	1,706	2,948	2,816	2,111	496
Interest Expense	-142	-154	-110	-133	-140	-175
Earnings From Equity Investments	76	138	178	104	91	66
Currency Exchange Gain (Loss)	56	-15	-105	-59	-1	-12
EBT Excluding Unusual Items	853	1,675	2,911	2,728	2,061	375
Merger & Restructuring Charges	-38	-118	-67	-31	-35	-22
Impairment of Goodwill	-	-	-	-	-	-585
Gain (Loss) on Sale of Investments	-	14	13	-	12	-
Gain (Loss) on Sale of Assets	15	-	-	43	-	-
Asset Writedown	-49	-	-	-43	-	-
Other Unusual Items	24	24	24	89	-8	119
Pretax Income	805	1,595	2,881	2,786	2,030	-113
Income Tax Expense	213	336	594	747	229	85
Earnings From Continuing Operations	592	1,259	2,287	2,039	1,801	-198
Earnings From Discontinued Operations	-	-	-	-	-41	-240
Net Income to Company	592	1,259	2,287	2,039	1,760	-438
Minority Interest in Earnings	5	-13	-12	-10	-37	-55
Net Income	597	1,246	2,275	2,029	1,723	-493
Net Income to Common	597	1,246	2,275	2,029	1,723	-493
Net Income Growth	-63.93%	-45.23%	12.12%	17.76%	-	-
Shares Outstanding (Basic)	1,250	1,254	1,332	1,351	1,354	1,351
Shares Outstanding (Diluted)	1,253	1,260	1,350	1,362	1,361	1,351
Shares Change (YoY)	-2.11%	-6.67%	-0.88%	0.07%	0.74%	-0.22%
EPS (Basic)	0.48	0.99	1.71	1.50	1.27	-0.36
EPS (Diluted)	0.48	0.99	1.69	1.49	1.27	-0.36
EPS Growth	-63.16%	-41.42%	13.42%	17.32%	-	-
Free Cash Flow	2,024	782	-288	-442	3,161	4,683
Free Cash Flow Per Share	1.61	0.62	-0.21	-0.33	2.32	3.47
Dividend Per Share	0.250	0.250	0.470	0.396	0.302	0.132
Dividend Growth	-46.81%	-46.81%	18.69%	31.13%	128.79%	-
Gross Margin	19.03%	21.09%	23.36%	22.11%	21.97%	21.26%
Operating Margin	4.84%	8.60%	11.94%	11.96%	10.83%	3.36%
Profit Margin	3.35%	6.28%	9.21%	8.62%	8.84%	-3.34%
Free Cash Flow Margin	11.36%	3.94%	-1.17%	-1.88%	16.21%	31.69%
EBITDA	1,283	2,123	3,325	3,144	2,407	792
EBITDA Margin	7.20%	10.70%	13.47%	13.35%	12.35%	5.36%
D&A For EBITDA	420	417	377	328	296	296
EBIT	863	1,706	2,948	2,816	2,111	496
EBIT Margin	4.84%	8.60%	11.94%	11.96%	10.83%	3.36%
Effective Tax Rate	26.46%	21.07%	20.62%	26.81%	11.28%	-
Revenue as Reported	17,814	19,836	24,687	23,551	19,496	14,779
Advertising Expenses	-	120	148	152	110	82

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