Explain this page
Arphra AIPlain-English read on Prudential Financial, Inc.’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue & profit | |||||||||
| Revenue | $71.15B | $56.99B | $54.27B | $70.68B | $60.77B | $58.3B | $59.55B | $60.7B | $64.72B |
| Cost of revenue | $42.87B | $45.1B | $36.71B | $53.16B | $35.22B | $38.09B | $40.79B | $41.17B | $42.27B |
| Gross profit | $28.28B | $11.89B | $17.56B | $17.52B | $25.55B | $19.21B | $20.19B | $19.87B | $21.21B |
| Gross margin | +39.75% | +20.86% | +32.35% | +24.79% | +42.04% | +32.95% | +33.91% | +32.73% | +32.78% |
| Operating | |||||||||
| Research & development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, general & administrative | $13.61B | $12.58B | $12.95B | $13.34B | $13.01B | $12.13B | $12.41B | $13.01B | $13.53B |
| Total operating expenses | $17.45B | $13.78B | $14.48B | $14.31B | $20.77B | $15.78B | $15.83B | $16.8B | $17.35B |
| Operating income | $10.84B | -$1.89B | $3.07B | $3.21B | $4.79B | $3.44B | $3.54B | $3.62B | $3.85B |
| Operating margin | +15.23% | -3.32% | +5.66% | +4.54% | +7.87% | +5.90% | +5.95% | +5.97% | +5.95% |
| EBITDA | $11.04B | -$1.78B | $3B | $3.59B | $4.91B | $3.53B | $3.8B | $3.83B | $3.99B |
| EBIT | $10.84B | -$1.89B | $3.07B | $3.21B | $4.79B | $3.58B | $3.69B | $3.75B | $3.78B |
| Below the line | |||||||||
| Interest expense | $0 | $0 | $0 | $0 | $2.11B | $667.16M | $679.98M | $705.12M | $737.28M |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other income / expense | $98M | -$62M | $49M | $144M | $0 | — | — | — | — |
| Pre-tax income | $10.93B | -$1.95B | $3.12B | $3.35B | $4.79B | $3.56B | $3.6B | $3.68B | $3.93B |
| Income tax expense | $2B | -$279M | $613M | $507M | $1.05B | $672.31M | $691.93M | $707.74M | $740.37M |
| Earnings | |||||||||
| Net income | $8.87B | -$1.65B | $2.49B | $2.73B | $3.58B | $2.77B | $2.85B | $2.83B | $3.05B |
| Net income · continuing ops | $8.94B | -$1.68B | $2.51B | $2.85B | $3.73B | $2.94B | $2.94B | $2.96B | $3.19B |
| Net margin | +12.46% | -2.89% | +4.58% | +3.86% | +5.88% | +4.75% | +4.78% | +4.66% | +4.71% |
| EPS · basic | $22.56 | $-4.49 | $6.76 | $7.54 | $10.16 | $13.89 | $14.46 | $15.84 | $18.23 |
| EPS · diluted | $19.51 | $-4.49 | $6.74 | $7.50 | $10.22 | $13.69 | $14.66 | $15.89 | $18.40 |
| EPS · low estimate | — | — | — | — | — | $13.39 | $13.90 | $15.58 | $17.71 |
| EPS · high estimate | — | — | — | — | — | $14.19 | $15.41 | $16.20 | $19.22 |
| Shares · basic | 387.2M | 372.3M | 363.5M | 357.5M | 351.8M | 354.77M | 353.68M | 348.63M | 351.45M |
| Shares · diluted | 390.1M | 372.3M | 364.6M | 359.3M | 349.92M | 348.22M | 348.68M | 349.88M | 347.23M |
| Coverage | |||||||||
| Analysts (revenue) | — | — | — | — | — | 6 | 7 | 6 | 5 |
| Analysts (EPS) | — | — | — | — | — | 9 | 10 | 2 | 1 |
Coverage notes. Historical figures come’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
Full income statement, balance sheet, and cash-flow history is included with Pro.
Upgrade to Pro