The Monarch Cement Company (MCEM)

MCEM Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	245.17	268.05	262.76	232.6	211.85	188.83
Revenue Growth (YoY)	-9.40%	2.02%	12.97%	9.79%	12.19%	9.72%
Cost of Revenue	157.12	169.66	170.53	160.83	146.98	128.58
Gross Profit	88.04	98.4	92.22	71.77	64.87	60.24
Selling, General & Admin	23.52	23.48	21.27	18.84	18.6	16.7
Operating Expenses	24.42	24.38	22.17	19.84	19.4	17.6
Operating Income	63.62	74.02	70.06	51.93	45.48	42.64
Interest Expense	-0	-0	-0.01	-0.01	-0	-0
Interest & Investment Income	2.88	3.98	2.99	1.7	2.91	0.6
Earnings From Equity Investments	3.44	1.6	2	1.18	1.31	1.3
Other Non Operating Income (Expenses)	0.66	2.19	0.9	0.26	0.75	1.19
EBT Excluding Unusual Items	70.61	81.78	75.94	55.07	50.45	45.73
Gain (Loss) on Sale of Investments	9.38	5.09	16.87	-2.48	23.82	-2.83
Gain (Loss) on Sale of Assets	1.81	1.81	-	-	-	-
Pretax Income	81.8	88.68	92.81	52.59	74.27	42.89
Income Tax Expense	23.75	22.63	19.12	11.71	14.57	8.06
Net Income	58.06	66.05	73.69	40.88	59.7	34.84
Net Income to Common	58.06	66.05	73.69	40.88	59.7	34.84
Net Income Growth	-25.40%	-10.37%	80.28%	-31.53%	71.38%	5.20%
Shares Outstanding (Basic)	4	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4	4
Shares Change (YoY)	3.23%	-0.89%	-1.71%	-0.32%	-2.15%	-0.06%
EPS (Basic)	15.31	18.02	19.92	10.86	15.81	9.03
EPS (Diluted)	15.31	18.02	19.92	10.86	15.81	9.03
EPS Growth	-27.73%	-9.56%	83.42%	-31.31%	75.15%	5.27%
Free Cash Flow	34.31	29.09	24.79	15.06	29.62	23.69
Free Cash Flow Per Share	9.05	7.94	6.70	4.00	7.84	6.14
Dividend Per Share	3.160	2.930	2.650	2.380	2.200	2.000
Dividend Growth	10.49%	10.57%	11.34%	8.18%	10.00%	8.11%
Gross Margin	35.91%	36.71%	35.10%	30.86%	30.62%	31.90%
Operating Margin	25.95%	27.61%	26.66%	22.32%	21.47%	22.58%
Profit Margin	23.68%	24.64%	28.05%	17.57%	28.18%	18.45%
Free Cash Flow Margin	14.00%	10.85%	9.43%	6.48%	13.98%	12.55%
EBITDA	82.91	91.43	86.61	67.85	60.51	58.3
EBITDA Margin	33.82%	34.11%	32.96%	29.17%	28.56%	30.88%
D&A For EBITDA	19.29	17.42	16.55	15.93	15.04	15.66
EBIT	63.62	74.02	70.06	51.93	45.48	42.64
EBIT Margin	25.95%	27.61%	26.66%	22.32%	21.47%	22.58%
Effective Tax Rate	29.03%	25.52%	20.60%	22.27%	19.62%	18.79%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.