Cincinnati Financial Corporation
Financial ServicesNASDAQ:CINF · NASDAQ Global Select
+$0.48 today
Vol 0.27M · Avg 0.72M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$12.9B of revenue converted into $2.8B of net income for the selected period. Gross margin is 49.7% and net margin is 20.7%, showing how much revenue survives after costs and taxes. EPS is $17.50, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.6B +11.4% | $11.3B +13.2% | $10.0B +52.6% | $6.6B -31.8% | $9.6B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $6.3B +9.8% | $5.7B +8.8% | $5.3B +5.1% | $5.0B +28.4% | $3.9B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $6.3B +13.1% | $5.6B +18.2% | $4.7B +206.9% | $1.5B -73.0% | $5.7B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 50.1% +0.7pp | 49.4% +2.1pp | 47.3% +23.8pp | 23.5% -35.9pp | 59.4% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $3.4B | $0 | $0 | $0 | $0 | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $3.4B +22.7% | $2.7B +11.3% | $2.5B +10.1% | $2.2B +10.8% | $2.0B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $168.0M +29.2% | $130.0M +16.1% | $112.0M -11.8% | $127.0M +7.6% | $118.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $3.2B +5.3% | $3.0B +24.5% | $2.4B +575.1% | -$514.0M -113.3% | $3.9B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 25.3% -1.5pp | 26.8% +2.4pp | 24.4% +32.2pp | -7.8% -48.0pp | 40.2% | 5.6% | 46.3% | 42.0% |
| Operating Income | $3.0B +4.3% | $2.9B +25.6% | $2.3B +428.0% | -$694.0M -118.8% | $3.7B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 23.6% -1.6pp | 25.2% +2.5pp | 22.7% +33.3pp | -10.6% -49.0pp | 38.4% | 16.6% | 24.1% | 22.0% |
| Interest Income | $1.2B +14.7% | $1.0B +15.2% | $882.0M +12.4% | $785.0M +8.6% | $723.0M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $5.3M -90.0% | $53.0M -1.9% | $54.0M +1.9% | $53.0M +0.0% | $53.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $3.0B +4.3% | $2.9B +25.6% | $2.3B +428.0% | -$694.0M -118.8% | $3.7B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 23.6% -1.6pp | 25.2% +2.5pp | 22.7% +33.3pp | -10.6% -49.0pp | 38.4% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $587.0M +3.7% | $566.0M +30.7% | $433.0M +309.2% | -$207.0M -128.4% | $730.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $2.4B +4.4% | $2.3B +24.4% | $1.8B +478.4% | -$487.0M -116.4% | $3.0B | $4.9B | $4.8B | $4.7B |
| Net Margin | 18.9% -1.3pp | 20.2% +1.8pp | 18.4% +25.8pp | -7.4% -38.3pp | 30.8% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $15 +3.5% | $15 +24.8% | $12 +483.7% | -$3 -116.7% | $18 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $15 +4.4% | $15 +24.6% | $12 +481.0% | -$3 -116.9% | $18 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $157.7M +0.9% | $156.4M -1.1% | $158.1M -0.5% | $158.8M -1.4% | $161.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $157.7M -0.0% | $157.8M -0.2% | $158.1M -0.4% | $158.8M -2.4% | $162.7M | $1.2B | $924.4M | $678.0M |
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How much revenue does CINF generate?
Cincinnati Financial Corporation (CINF) reported $12.63B of revenue in fiscal 2025.
Is CINF profitable?
Cincinnati Financial Corporation (CINF) reported $2.39B of net income, with a net margin of 18.9%.
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