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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. GAMCO Investors's Net Income for the three months ended in Sep. 2024 was $16.8 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was $64.2 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. GAMCO Investors's Earnings per Share (Diluted) for the three months ended in Sep. 2024 was $0.69.
The historical data trend for GAMCO Investors's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
GAMCO Investors Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Net Income | Get a 7-Day Free Trial |
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81.92 | 58.69 | 73.20 | 65.56 | 60.21 |
GAMCO Investors Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Net Income | Get a 7-Day Free Trial |
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13.14 | 16.56 | 15.81 | 15.02 | 16.83 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
GAMCO Investors's Net Income for the fiscal year that ended in Dec. 2023 is calculated as
Net Income | (A: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 77.914 | + | -17.707 | + | 0 | + | 0 |
= | 60.2 |
GAMCO Investors's Net Income for the quarter that ended in Sep. 2024 is calculated as
Net Income | (Q: Sep. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 22.656 | + | -5.822 | + | 0 | + | 0 |
= | 16.8 |
Net Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $64.2 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
GAMCO Investors (OTCPK:GAMI) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
GAMCO Investors's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2024 is calculated as
Earnings per Share (Diluted) (Q: Sep. 2024 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (16.834 | - | 0) | / | 24.263 | |
= | 0.69 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of GAMCO Investors's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Ggcp, Inc. | 10 percent owner | 189 MASON STREET, GREENWICH CT 06830 |
Alexis Glick | director | C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580 |
Associated Capital Group, Inc. | 10 percent owner | 191 MASON STREET, GREENWICH CT 06830 |
Kieran Caterina | officer: Acting Co-CFO | ONE CORPORATE CENTER, RYE NY 10580 |
Van Der Eb Henry | other: Senior Vice President | 100 CORPORATE NORTH, SUITE 201, BANNOCKBURN IL 60015 |
Peter D. Goldstein | officer: General Counsel | 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480 |
Mario J Gabelli | director, 10 percent owner, officer: Chairman of the Board and CEO | 191 MASON STREET, GREENWICH CT 06830 |
Leslie B Daniels | director | 540 MADISON, 22ND FLOOR, NEW YORK NY 10022 |
Elisa M. Wilson | director | C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580 |
Raymond Avansino | director | C/O ONE CORPORTATE CENTER, RYE NY 10580 |
Frederick J. Mancheski Revocable Trust Indenture, Dated June 8, 1999, As Amended | 10 percent owner | C/O COLLIER, HALPERN & NEWBERG, LLP, ONE NORTH LEXINGTON AVENUE, 15TH FLOOR, WHITE PLAINS NY 10601 |
Diane Lapointe | officer: Acting Co-CFO | ONE CORPORATE CENTER, RYE NY 10580 |
Ggcp Holdings Llc | 10 percent owner | 140 GREENWICH AVENUE, GREENWICH CT 06830 |
Gabelli Securities Inc | 10 percent owner | ONE CORPORATE CENTER, RYE NY 10580 |
Kevin Handwerker | officer: Executive VP & General Counsel |
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