Operating
Net Income
Barnes Group Net Income increased by 95.4% to -$2.14M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 90.1%, from -$21.73M to -$2.14M. Over 2 years (FY 2021 to FY 2023), Net Income shows a downward trend with a -60.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ3 2024Oct 29, 2024
How to read this metric
An increase indicates higher profitability and operational success, while a decrease may signal rising costs or declining sales.
Detailed definition
Net income represents the total profit of the company after all operating expenses, taxes, and interest have been deduct...
Peer comparison
Standard across all public companies, though margins vary significantly by industry sector.
Metric ID:
net_income_cfHistorical Data
14 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $24.49M | $27.86M | $28.14M | $20.48M | -$39.55M | $16.98M | $15.57M | $13.16M | $17.35M | -$21.73M | $7.22M | $1.95M | -$46.82M | -$2.14M |
| QoQ Change | — | +13.8% | +1.0% | -27.2% | -293.1% | +142.9% | -8.3% | -15.5% | +31.9% | -225.2% | +133.2% | -73.0% | <-999% | +95.4% |
| YoY Change | — | — | — | — | -261.5% | -39.1% | -44.7% | -35.8% | +143.9% | -228.0% | -53.6% | -85.2% | -369.8% | +90.1% |
Range-$46.82M – $28.14M
CAGR-52.7%
Avg YoY Growth-88.4%
Median YoY Growth-49.2%
Net Income at Other Companies
Frequently Asked Questions
- What is Barnes Group's net income?
- Barnes Group (B) reported net income of -$2.14M in Q3 2024.
- How has Barnes Group's net income changed year-over-year?
- Barnes Group's net income increased by 90.1% year-over-year, from -$21.73M to -$2.14M.
- What is the long-term trend for Barnes Group's net income?
- Over 2 years (2021 to 2023), Barnes Group's net income has grown at a -60.0% compound annual growth rate (CAGR), from $99.87M to $16.00M.
- What does net income mean?
- The total profit a company earns after all expenses and taxes are paid.