Steelcase Inc. (SCS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 897.1M | 779M | 788M | 794.9M | 855.8M | 727.3M | 775.2M | 777.9M | 854.6M | 751.9M | 801.7M | 826.9M | 863.3M | 740.7M | 753.1M | 738.2M | 724.8M | 556.6M | 677.1M | 617.5M |
| Revenue Growth % | 4.83% | 7.11% | 1.65% | 2.19% | 0.14% | -3.27% | -3.31% | -5.93% | -1.01% | 1.51% | 6.45% | 12.02% | 19.11% | 33.08% | 11.22% | 19.55% | -11.48% | 15.29% | -28.44% | -35.35% |
| Cost of Goods Sold | 585M | 515.2M | 536.7M | 529.5M | 560.4M | 485.9M | 531.6M | 525.6M | 571.2M | 517.3M | 562.5M | 589.1M | 612.5M | 548.2M | 556.7M | 534.6M | 518M | 401.9M | 484.5M | 439.6M |
| COGS % of Revenue | 65.21% | 66.14% | 68.11% | 66.61% | 65.48% | 66.81% | 68.58% | 67.57% | 66.84% | 68.8% | 70.16% | 71.24% | 70.95% | 74.01% | 73.92% | 72.42% | 71.47% | 72.21% | 71.56% | 71.19% |
| Gross Profit | 312.1M | 263.8M | 251.3M | 265.4M | 295.4M | 241.4M | 243.6M | 252.3M | 283.4M | 234.6M | 239.2M | 237.8M | 250.8M | 192.5M | 196.4M | 203.6M | 206.8M | 154.7M | 192.6M | 177.9M |
| Gross Margin % | 34.79% | 33.86% | 31.89% | 33.39% | 34.52% | 33.19% | 31.42% | 32.43% | 33.16% | 31.2% | 29.84% | 28.76% | 29.05% | 25.99% | 26.08% | 27.58% | 28.53% | 27.79% | 28.44% | 28.81% |
| Gross Profit Growth % | 5.65% | 9.28% | 3.16% | 5.19% | 4.23% | 2.9% | 1.84% | 6.1% | 13% | 21.87% | 21.79% | 16.8% | 21.28% | 24.43% | 1.97% | 14.45% | -23.29% | 26.08% | -37.3% | -43.72% |
| Operating Expenses | 259M | 238.3M | 241.8M | 224.4M | 205.1M | 217.5M | 216.4M | 206.5M | 235.9M | 220.6M | 210.5M | 208.1M | 221.4M | 200.9M | 194.3M | 187.7M | 172.9M | 186.5M | 185.7M | 168.8M |
| OpEx % of Revenue | 28.87% | 30.59% | 30.69% | 28.23% | 23.97% | 29.91% | 27.92% | 26.55% | 27.6% | 29.34% | 26.26% | 25.17% | 25.65% | 27.12% | 25.8% | 25.43% | 23.85% | 33.51% | 27.43% | 27.34% |
| Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | 217.5M | 213.5M | 0 | 235.9M | 220.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A % of Revenue | - | - | - | - | - | 29.91% | 27.54% | - | 27.6% | 29.34% | - | - | - | - | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 0 | 1000K | 1000K | -500K | 900K | 900K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -800K | 1000K | 1000K |
| Operating Income | 53.1M | 25.5M | 9.5M | 41M | 90M | 17.6M | 30.1M | 43.8M | 41M | 7.3M | 28.7M | 20.5M | 29.4M | -12.6M | 2.1M | 15.9M | 33.9M | -31.8M | 6.7M | 9.1M |
| Operating Margin % | 5.92% | 3.27% | 1.21% | 5.16% | 10.52% | 2.42% | 3.88% | 5.63% | 4.8% | 0.97% | 3.58% | 2.48% | 3.41% | -1.7% | 0.28% | 2.15% | 4.68% | -5.71% | 0.99% | 1.47% |
| Operating Income Growth % | -41% | 44.89% | -68.44% | -6.39% | 119.51% | 141.1% | 4.88% | 113.66% | 39.46% | 157.94% | 1266.67% | 28.93% | -13.27% | 60.38% | -68.66% | 74.73% | -61.74% | 39.2% | -90.29% | -87.88% |
| EBITDA | 72.4M | 43.1M | 30.1M | 61M | 110M | 37.8M | 50.9M | 64.9M | 62.3M | 27.7M | 51.5M | 44M | 52.9M | 7.6M | 23.1M | 36.9M | 54.4M | -11.1M | 27.8M | 29.9M |
| EBITDA Margin % | 8.07% | 5.53% | 3.82% | 7.67% | 12.85% | 5.2% | 6.57% | 8.34% | 7.29% | 3.68% | 6.42% | 5.32% | 6.13% | 1.03% | 3.07% | 5% | 7.51% | -1.99% | 4.11% | 4.84% |
| EBITDA Growth % | -34.18% | 14.02% | -40.86% | -6.01% | 76.57% | 36.46% | -1.17% | 47.5% | 17.77% | 264.47% | 122.94% | 19.24% | -2.76% | 168.47% | -16.91% | 23.41% | -50.27% | 62.75% | -69.68% | -69.05% |
| D&A (Non-Cash Add-back) | 19.3M | 17.6M | 20.6M | 20M | 20M | 20.2M | 20.8M | 21.1M | 21.3M | 20.4M | 22.8M | 23.5M | 23.5M | 20.2M | 21M | 21M | 20.5M | 20.7M | 21.1M | 20.8M |
| EBIT | 58.4M | 25.1M | 14.9M | 32.4M | 92.3M | 20.3M | 24.3M | 33.5M | 43.6M | 9.5M | 31.6M | 24.2M | 33.6M | -9.8M | 5.4M | 18.5M | 35.8M | -32.4M | 8.5M | 2.4M |
| Net Interest Income | -4M | -3.4M | -6.8M | -6.3M | -6.4M | -6.2M | -6.3M | -6.4M | -6.6M | -6.6M | -7.2M | -7.6M | -7.2M | -6.4M | -6.4M | -6.5M | -6.4M | -6.4M | -6.4M | -6.6M |
| Interest Income | 2.3M | 2.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 6.3M | 6.3M | 6.8M | 6.3M | 6.4M | 6.2M | 6.3M | 6.4M | 6.6M | 6.6M | 7.2M | 7.6M | 7.2M | 6.4M | 6.4M | 6.5M | 6.4M | 6.4M | 6.4M | 6.6M |
| Other Income/Expense | -1M | -6.7M | -1.4M | -14.9M | -4.1M | -3.5M | -3.5M | -3.2M | -4M | -4.4M | -4.3M | -3.9M | -2.5M | -3.2M | -3.1M | -3.9M | -4.5M | -7M | -4.6M | -13.3M |
| Pretax Income | 52.1M | 18.8M | 8.1M | 26.1M | 85.9M | 14.1M | 26.6M | 40.6M | 37.1M | 2.9M | 24.4M | 16.6M | 26.4M | -15.8M | -1M | 12M | 29.4M | -38.8M | 2.1M | -4.2M |
| Pretax Margin % | 5.81% | 2.41% | 1.03% | 3.28% | 10.04% | 1.94% | 3.43% | 5.22% | 4.34% | 0.39% | 3.04% | 2.01% | 3.06% | -2.13% | -0.13% | 1.63% | 4.06% | -6.97% | 0.31% | -0.68% |
| Income Tax | 17.1M | 5.2M | -19.5M | 7M | 22.8M | 3.2M | 5.3M | 9.8M | 9.5M | 1.4M | 8.7M | 5.2M | 6.8M | -4.4M | 1.2M | 2.4M | 4.7M | -10.7M | -4.5M | -6.3M |
| Effective Tax Rate % | 32.82% | 27.66% | -240.74% | 26.82% | 26.54% | 22.7% | 19.92% | 24.14% | 25.61% | 48.28% | 35.66% | 31.33% | 25.76% | 27.85% | -120% | 20% | 15.99% | 27.58% | -214.29% | 150% |
| Net Income | 35M | 13.6M | 27.6M | 19.1M | 63.1M | 10.9M | 21.3M | 30.8M | 27.5M | 1.5M | 15.7M | 11.4M | 19.6M | -11.4M | -2.2M | 9.6M | 24.7M | -28.1M | 6.6M | 2.1M |
| Net Margin % | 3.9% | 1.75% | 3.5% | 2.4% | 7.37% | 1.5% | 2.75% | 3.96% | 3.22% | 0.2% | 1.96% | 1.38% | 2.27% | -1.54% | -0.29% | 1.3% | 3.41% | -5.05% | 0.97% | 0.34% |
| Net Income Growth % | -44.53% | 24.77% | 29.58% | -37.99% | 129.45% | 626.67% | 35.67% | 170.18% | 40.31% | 113.16% | 813.64% | 18.75% | -20.65% | 59.43% | -133.33% | 357.14% | -55.5% | 26.25% | -90.08% | -96.17% |
| Net Income (Continuing) | 35M | 13.6M | 27.6M | 19.1M | 63.1M | 10.9M | 21.3M | 30.8M | 27.5M | 1.5M | 15.7M | 11.4M | 19.6M | -11.4M | -2.2M | 9.6M | 24.7M | -28.1M | 6.6M | 2.1M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.29 | 0.11 | 0.24 | 0.16 | 0.51 | 0.09 | 0.17 | 0.26 | 0.23 | 0.01 | 0.13 | 0.09 | 0.17 | -0.10 | -0.02 | 0.08 | 0.21 | -0.24 | 0.06 | 0.02 |
| EPS Growth % | -43.14% | 19.83% | 41.18% | -38.46% | 121.74% | 652.46% | 30.77% | 178.07% | 35.29% | 112.2% | 784.21% | 16.88% | -19.05% | 58.33% | -131.67% | 300% | -55.32% | 27.27% | -89.09% | -95.65% |
| EPS (Basic) | 0.29 | 0.12 | 0.24 | 0.16 | 0.51 | 0.09 | 0.17 | 0.26 | 0.23 | 0.01 | 0.13 | 0.09 | 0.17 | -0.10 | -0.02 | 0.08 | 0.21 | -0.24 | 0.06 | 0.02 |
| Diluted Shares Outstanding | 119.3M | 119M | 118.8M | 114.8M | 118.8M | 115.5M | 120.1M | 114.7M | 114.3M | 114.3M | 117.7M | 117.6M | 113.3M | 112.7M | 115.8M | 113.1M | 115.5M | 115.6M | 118.2M | 118M |
| Basic Shares Outstanding | 118.6M | 118.3M | 117.6M | 113.8M | 119.06M | 114.8M | 118.9M | 114.2M | 114M | 113.8M | 117.4M | 117.2M | 112.8M | 116.7M | 115.8M | 112.8M | 118M | 118.3M | 117.8M | 117.7M |
| Dividend Payout Ratio | 34% | 89.71% | 42.75% | 61.78% | 18.54% | 112.84% | 55.87% | 38.31% | 42.91% | 806.67% | 74.52% | 101.75% | 86.22% | - | - | 173.96% | 69.23% | - | 177.27% | 557.14% |