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
How to read this metric
An increase signals improved profitability and potential for higher dividends or reinvestment, while a decrease may indicate rising costs or slowing sales.
Detailed definition
Net income represents the total profit of the company after all operating expenses, interest, taxes, and preferred stock...
Peer comparison
Peer companies in the consumer electronics and software sectors typically trade on multiples of this figure, though it can be impacted by one-time tax events.
net_income_cfHistorical Data
| 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% | -53.7% | -85.2% | -369.8% | +90.1% |
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 company's total profit after all expenses and taxes have been paid.