Hydraulic Elements and Systems AD (HES)

Hess Corporation Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	71.2	72.98	84.83	94.25	70.05	50.52
Other Revenue	1.07	1.07	1.08	1.05	0.71	0.41
Revenue	72.27	74.05	85.91	95.3	70.76	50.94
Revenue Growth (YoY)	-10.08%	-13.81%	-9.86%	34.67%	38.93%	-17.57%
Cost of Revenue	40.67	41.41	51.06	56.82	39.77	28.55
Gross Profit	31.6	32.64	34.84	38.48	31	22.39
Selling, General & Admin	22.82	23.38	25.59	25.46	20.72	15.32
Other Operating Expenses	0.67	0.67	0.68	0.93	-1.04	-2.69
Operating Expenses	27.74	28.27	29.97	30.07	22.93	15.75
Operating Income	3.86	4.37	4.87	8.41	8.07	6.64
Interest Expense	-0.14	-0.14	-0.34	-0.14	-0	-0.03
Currency Exchange Gain (Loss)	-0.05	0.07	-0.1	0.11	0.13	-0.17
Other Non Operating Income (Expenses)	0.29	0.17	0.16	2.28	0.26	0.28
EBT Excluding Unusual Items	3.97	4.47	4.59	10.66	8.46	6.73
Gain (Loss) on Sale of Assets	0.02	0.02	0	0.01	0.04	0.01
Pretax Income	3.98	4.49	4.59	10.66	8.5	6.74
Income Tax Expense	0.41	0.46	0.46	1.07	0.85	0.68
Net Income	3.57	4.03	4.13	9.59	7.65	6.06
Net Income to Common	3.57	4.03	4.13	9.59	7.65	6.06
Net Income Growth	-9.82%	-2.52%	-56.89%	25.35%	26.24%	39.63%
Shares Outstanding (Basic)	18	18	18	18	18	18
Shares Outstanding (Diluted)	18	18	18	18	18	18
EPS (Basic)	0.20	0.22	0.23	0.53	0.42	0.33
EPS (Diluted)	0.19	0.22	0.23	0.53	0.42	0.33
EPS Growth	-10.51%	-3.18%	-56.89%	25.49%	27.27%	38.34%
Free Cash Flow	2.06	0.08	-0.16	-3.1	-3.71	-1.67
Free Cash Flow Per Share	0.11	0.00	-0.01	-0.17	-0.20	-0.09
Dividend Per Share	-	-	0.210	0.330	-	0.260
Dividend Growth	-	-	-36.36%	-	-	-
Gross Margin	43.72%	44.08%	40.56%	40.37%	43.80%	43.96%
Operating Margin	5.34%	5.90%	5.67%	8.82%	11.40%	13.04%
Profit Margin	4.94%	5.44%	4.81%	10.06%	10.81%	11.90%
Free Cash Flow Margin	2.85%	0.10%	-0.19%	-3.26%	-5.25%	-3.28%
EBITDA	7.99	8.47	8.38	11.86	11.1	9.74
EBITDA Margin	11.05%	11.44%	9.75%	12.44%	15.69%	19.12%
D&A For EBITDA	4.13	4.1	3.51	3.45	3.03	3.1
EBIT	3.86	4.37	4.87	8.41	8.07	6.64
EBIT Margin	5.34%	5.90%	5.67%	8.82%	11.40%	13.04%
Effective Tax Rate	10.29%	10.27%	9.99%	10.06%	10.02%	10.02%
Revenue as Reported	72.56	74.24	86.09	97.6	72.75	54.42
Advertising Expenses	-	0.08	0.08	0.08	0.09	0.14

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

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