SFL Corporation Ltd. (SFL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q2'21 |
|---|
| Sales/Revenue | 174.48M | 170.69M | 175.24M | 188.53M | 185.29M | 224.95M | 252.71M | 187.19M | 226.77M | 209.57M | 203.22M | 162.5M | 171.15M | 194.23M | 165.35M | 153.3M | 197.82M | 152.06M | 135.44M | 116.76M |
| Revenue Growth % | -5.83% | -24.12% | -30.66% | 0.71% | -18.29% | 7.34% | 24.35% | 15.2% | 32.5% | 7.9% | 22.9% | 6% | -13.48% | 27.73% | 22.08% | 31.29% | 81.27% | 32.33% | 16.99% | 17.23% |
| Cost of Goods Sold | 122.04M | 70.95M | 125.84M | 146.97M | 136.71M | 164.79M | 156.26M | 123.33M | 138.11M | 132.77M | 82.86M | 64.56M | 121M | 120.06M | 50.66M | 86.44M | 120.06M | 85.06M | 77.73M | 67.4M |
| COGS % of Revenue | 69.94% | 41.57% | 71.81% | 77.96% | 73.78% | 73.26% | 61.83% | 65.88% | 60.91% | 63.35% | 40.77% | 39.73% | 70.7% | 61.81% | 30.64% | 56.39% | 60.69% | 55.94% | 57.39% | 57.72% |
| Gross Profit | 52.45M | 99.74M | 49.4M | 41.56M | 48.59M | 60.16M | 96.45M | 63.87M | 88.65M | 76.8M | 120.36M | 97.94M | 50.14M | 74.17M | 114.69M | 66.86M | 77.76M | 67M | 57.72M | 49.36M |
| Gross Margin % | 30.06% | 58.43% | 28.19% | 22.04% | 26.22% | 26.74% | 38.17% | 34.12% | 39.09% | 36.65% | 59.23% | 60.27% | 29.3% | 38.19% | 69.36% | 43.61% | 39.31% | 44.06% | 42.61% | 42.28% |
| Gross Profit Growth % | 7.94% | 65.79% | -48.79% | -34.93% | -45.19% | -21.67% | -19.86% | -34.79% | 76.8% | 3.55% | 4.94% | 46.49% | -35.52% | 10.7% | 98.71% | 35.43% | -55.31% | 36.71% | 18.22% | 49.15% |
| Operating Expenses | 7.6M | 67.93M | 677K | -3.93M | 3.83M | -4.72M | 2.32M | 1.64M | 3.18M | 3.79M | 54.98M | 46.08M | 207K | -210K | 49.23M | -9.45M | 3.38M | -35.85M | 3.07M | 6.18M |
| OpEx % of Revenue | 4.35% | 39.8% | 0.39% | -2.08% | 2.07% | -2.1% | 0.92% | 0.88% | 1.4% | 1.81% | 27.05% | 28.36% | 0.12% | -0.11% | 29.77% | -6.17% | 1.71% | -23.57% | 2.26% | 5.3% |
| Selling, General & Admin | 7.6M | 4.75M | 3.93M | 4.38M | 5.28M | 4.82M | 4.93M | 5.36M | 5.46M | 3.79M | 3.33M | 3.45M | 5M | 3.38M | 3.18M | 3.78M | 3.38M | 3.5M | 3.07M | 4.26M |
| SG&A % of Revenue | 4.35% | 2.78% | 2.24% | 2.32% | 2.85% | 2.14% | 1.95% | 2.87% | 2.41% | 1.81% | 1.64% | 2.12% | 2.92% | 1.74% | 1.92% | 2.46% | 1.71% | 2.3% | 2.26% | 3.65% |
| 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 | 0 | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 0 | 1000K | 1000K | -1000K | -1000K | 1000K | -1000K | 0 | -1000K | 0 | 1000K |
| Operating Income | 44.85M | 31.81M | 48.72M | 45.48M | 44.76M | 64.88M | 94.14M | 62.23M | 85.47M | 73.01M | 65.38M | 51.85M | 49.94M | 74.38M | 65.46M | 76.31M | 74.38M | 102.85M | 54.65M | 43.18M |
| Operating Margin % | 25.71% | 18.64% | 27.8% | 24.13% | 24.15% | 28.84% | 37.25% | 33.24% | 37.69% | 34.84% | 32.17% | 31.91% | 29.18% | 38.3% | 39.59% | 49.78% | 37.6% | 67.63% | 40.35% | 36.98% |
| Operating Income Growth % | 0.21% | -50.97% | -48.25% | -26.91% | -47.64% | -11.14% | 43.98% | 20% | 71.16% | -1.84% | -0.12% | -32.04% | -32.86% | -27.68% | 19.78% | 76.71% | 76.82% | 149.85% | 15.57% | -12.6% |
| EBITDA | 99.31M | 90.69M | 107.8M | 108.23M | 107.49M | 127.04M | 156.16M | 120.35M | 142.35M | 131.09M | 120.9M | 102.97M | 100.98M | 83.28M | 113.05M | 125.94M | 125.25M | 148.44M | 93.27M | 78.64M |
| EBITDA Margin % | 56.92% | 53.13% | 61.52% | 57.41% | 58.01% | 56.48% | 61.79% | 64.29% | 62.77% | 62.55% | 59.49% | 63.37% | 59% | 42.88% | 68.37% | 82.15% | 63.31% | 97.62% | 68.86% | 67.35% |
| EBITDA Growth % | -7.61% | -28.61% | -30.96% | -10.07% | -24.49% | -3.09% | 29.17% | 16.87% | 40.97% | 57.41% | 6.94% | -18.24% | -19.38% | -43.89% | 21.2% | 60.15% | 69.03% | 185.11% | 24.12% | -3.92% |
| D&A (Non-Cash Add-back) | 54.46M | 58.88M | 59.08M | 62.75M | 62.74M | 62.16M | 62.02M | 58.12M | 56.88M | 58.08M | 55.51M | 51.12M | 51.04M | 0 | 47.59M | 49.63M | 50.87M | 45.59M | 38.62M | 35.46M |
| EBIT | 44.85M | 43.51M | 54.27M | 49.36M | 16.11M | 68.31M | 94.04M | 67.59M | 90.96M | 74.31M | 63.19M | 45.43M | 53M | 83.28M | 65.46M | 82.28M | 83.28M | 102.93M | 57.88M | 42.01M |
| Net Interest Income | -35.75M | -38.43M | -41.59M | -42.77M | -43.2M | -37.43M | -46.54M | -41.66M | -40.04M | -38.9M | -39.07M | -37.74M | -35.85M | -33.93M | -26.01M | -24.5M | -31.32M | -22.92M | -22.93M | -22.09M |
| Interest Income | 2.39M | 0 | 4.18M | 3.09M | 3.01M | 7.57M | 3.42M | 3.64M | 2.84M | 3.38M | 3.1M | 3.95M | 3.21M | 3.19M | 1.83M | 1.8M | 3.51M | 1.38M | 1.74M | 2.3M |
| Interest Expense | 38.14M | 0 | 45.77M | 45.86M | 46.21M | 45M | 49.96M | 45.3M | 42.88M | 42.28M | 42.18M | 41.69M | 39.05M | 37.12M | 27.84M | 26.3M | 34.83M | 24.3M | 24.67M | 24.39M |
| Other Income/Expense | -18.14M | -35.71M | -40.22M | -43.56M | -75.83M | -41.56M | -46.55M | -39.93M | -37.39M | -40.61M | -33.79M | -34.92M | -43.6M | -25.93M | -15.57M | -18.9M | -25.93M | -22.73M | -21.44M | -23.65M |
| Pretax Income | 26.71M | -3.9M | 8.5M | 1.93M | -31.08M | 23.31M | 47.59M | 22.3M | 48.09M | 32.4M | 31.59M | 16.93M | 6.33M | 48.45M | 49.88M | 57.41M | 48.45M | 80.12M | 33.21M | 19.53M |
| Pretax Margin % | 15.31% | -2.28% | 4.85% | 1.02% | -16.77% | 10.36% | 18.83% | 11.91% | 21.2% | 15.46% | 15.55% | 10.42% | 3.7% | 24.95% | 30.17% | 37.45% | 24.49% | 52.69% | 24.52% | 16.72% |
| Income Tax | 630K | 756K | -133K | 467K | 792K | 3.12M | 3.07M | 1.66M | 2.78M | 1.03M | 2.29M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 2.36% | -19.4% | -1.56% | 24.23% | -2.55% | 13.37% | 6.45% | 7.46% | 5.79% | 3.19% | 7.25% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 26.08M | -4.65M | 8.63M | 1.46M | -31.87M | 20.2M | 44.52M | 20.63M | 45.3M | 31.37M | 29.3M | 16.93M | 6.33M | 48.45M | 49.88M | 57.41M | 48.45M | 80.12M | 33.21M | 19.53M |
| Net Margin % | 14.95% | -2.73% | 4.93% | 0.77% | -17.2% | 8.98% | 17.62% | 11.02% | 19.98% | 14.97% | 14.42% | 10.42% | 3.7% | 24.95% | 30.17% | 37.45% | 24.49% | 52.69% | 24.52% | 16.72% |
| Net Income Growth % | 181.82% | -123.04% | -80.61% | -92.92% | -170.35% | -35.61% | 51.92% | 21.85% | 615.45% | -35.26% | -41.25% | -70.51% | -86.93% | -39.52% | 50.19% | 193.99% | 53.91% | 148.49% | 108.16% | 64.12% |
| Net Income (Continuing) | 26.08M | -4.65M | 8.63M | 1.46M | -31.87M | 20.2M | 44.52M | 20.63M | 45.3M | 31.37M | 29.3M | 16.93M | 6.33M | 48.45M | 49.88M | 57.41M | 48.45M | 80.12M | 33.21M | 19.53M |
| 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) | 0.20 | -0.04 | 0.07 | 0.01 | -0.24 | 0.15 | 0.34 | 0.16 | 0.36 | 0.25 | 0.23 | 0.13 | 0.05 | 0.18 | 0.27 | 0.45 | 0.27 | 0.63 | 0.10 | 0.16 |
| EPS Growth % | 183.33% | -123.33% | -80.88% | -93.13% | -166.67% | -40% | 47.83% | 23.08% | 621.44% | 38.89% | -14.81% | -71.11% | -81.52% | -71.43% | 173.83% | 181.25% | 0% | 142.28% | -34.27% | 45.45% |
| EPS (Basic) | 0.20 | -0.04 | 0.07 | 0.01 | -0.24 | 0.15 | 0.34 | 0.16 | 0.36 | 0.25 | 0.23 | 0.13 | 0.05 | 0.18 | 0.27 | 0.45 | 0.27 | 0.63 | 0.10 | 0.16 |
| Diluted Shares Outstanding | 132.83M | 132.8M | 132.8M | 132.8M | 133.93M | 133.94M | 131.77M | 125.92M | 125.91M | 125.7M | 125.76M | 126.75M | 126.8M | 126.8M | 126.79M | 126.79M | 126.79M | 126.79M | 118.49M | 126.26M |
| Basic Shares Outstanding | 132.83M | 132.8M | 132.8M | 132.8M | 133.93M | 133.94M | 131.77M | 128.07M | 125.76M | 125.7M | 125.76M | 126.75M | 126.8M | 126.8M | 126.79M | 126.79M | 126.79M | 126.79M | 118.49M | 118.49M |
| Dividend Payout Ratio | 101.87% | - | 307.53% | 2454.38% | - | 172.06% | 81.9% | 166.25% | 72.8% | 101.06% | 103.84% | 179.72% | 480.59% | 60.19% | 58.46% | 48.59% | 60.19% | 28.48% | 57.26% | 93.51% |