CNA Financial Corporation
Financial ServicesNYSE:CNA · New York Stock Exchange
+$0.24 today
Vol 0.24M · Avg 0.48M
Income Statement
Follow revenue through to earnings
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
$14.8B of revenue converted into $1.3B of net income for the selected period. Gross margin is 33.4% and net margin is 8.9%, showing how much revenue survives after costs and taxes. EPS is $4.47, 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 | $14.7B +5.1% | $14.0B +6.7% | $13.1B +10.4% | $11.9B +3.0% | $11.5B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $10.2B +6.9% | $9.5B +9.5% | $8.7B +7.0% | $8.1B +4.2% | $7.8B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $4.5B +1.3% | $4.5B +1.1% | $4.4B +17.7% | $3.7B +0.4% | $3.7B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 30.7% -1.2pp | 31.9% -1.7pp | 33.6% +2.1pp | 31.5% -0.8pp | 32.3% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $0 | $0 | $0 | $0 | $0 | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $2.9B -10.8% | $3.3B +12.3% | $2.9B -1.3% | $2.9B +29.3% | $2.3B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $70.0M +4.5% | $67.0M -8.2% | $73.0M +43.1% | $51.0M -5.6% | $54.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $1.8B +29.3% | $1.4B -17.9% | $1.7B +75.8% | $977.0M -40.0% | $1.6B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 12.4% +2.3pp | 10.1% -3.0pp | 13.1% +4.9pp | 8.2% -5.9pp | 14.1% | 5.6% | 46.3% | 42.0% |
| Operating Income | $1.6B +33.8% | $1.2B -20.2% | $1.5B +86.5% | $814.0M -44.3% | $1.5B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 11.0% +2.4pp | 8.7% -2.9pp | 11.6% +4.7pp | 6.8% -5.8pp | 12.7% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $135.0M +1.5% | $133.0M +4.7% | $127.0M +13.4% | $112.0M -0.9% | $113.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $1.6B +33.8% | $1.2B -20.2% | $1.5B +86.5% | $814.0M -44.3% | $1.5B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 11.0% +2.4pp | 8.7% -2.9pp | 11.6% +4.7pp | 6.8% -5.8pp | 12.7% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $342.0M +35.7% | $252.0M -19.5% | $313.0M +137.1% | $132.0M -52.5% | $278.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $1.3B +33.3% | $959.0M -20.4% | $1.2B +76.7% | $682.0M -42.4% | $1.2B | $4.9B | $4.8B | $4.7B |
| Net Margin | 8.7% +1.8pp | 6.9% -2.3pp | 9.2% +3.4pp | 5.7% -4.5pp | 10.3% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $5 +33.4% | $4 -20.5% | $4 +76.9% | $3 -43.2% | $4 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $5 +33.2% | $4 -20.5% | $4 +77.2% | $3 -43.3% | $4 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $271.1M -0.1% | $271.3M +0.0% | $271.3M -0.1% | $271.6M -0.1% | $271.8M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $272.3M -0.1% | $272.7M +0.2% | $272.2M -0.1% | $272.5M -0.1% | $272.8M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Banco Santander-Chile
NYSE:BSAC
$15.44B
Unum Group
NYSE:UNM
$14.82B
Reinsurance Group of America, Incorporated
NYSE:RGA
$13.75B
Aegon Ltd.
NYSE:AEG
$13.06B
RenaissanceRe Holdings Ltd.
NYSE:RNR
$12.77B
First Horizon Corporation
NYSE:FHN
$11.90B
American Financial Group, Inc.
NYSE:AFG
$11.09B
Old Republic International Corporation
NYSE:ORI
$9.40B
Kinsale Capital Group, Inc.
NYSE:KNSL
$7.18B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does CNA generate?
CNA Financial Corporation (CNA) reported $14.71B of revenue in fiscal 2025.
Is CNA profitable?
CNA Financial Corporation (CNA) reported $1.28B of net income, with a net margin of 8.7%.
Explore More
Continue the stock analysis
Jump to another research area for this company.