MGIC
Income statement / Annual
Last year (2023), Magic Software Enterprises Ltd.'s total revenue was $535.05 M,
a decrease of 5.60% from the previous year.
In 2023, Magic Software Enterprises Ltd.'s net income was $37.03 M.
See Magic Software Enterprises Ltd.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$535.05 M
|
$566.79 M
|
$480.33 M
|
$371.19 M
|
$325.63 M
|
$284.38 M
|
$257.99 M
|
$201.65 M
|
$176.03 M
|
$164.30 M
|
| Cost of Revenue |
$390.07 M |
$411.44 M |
$347.33 M |
$261.60 M |
$223.50 M |
$195.56 M |
$175.16 M |
$133.28 M |
$113.22 M |
$99.73 M |
| Gross Profit |
$144.99 M |
$155.36 M |
$132.99 M |
$109.59 M |
$102.13 M |
$88.82 M |
$82.83 M |
$68.36 M |
$62.81 M |
$64.58 M |
| Gross Profit Ratio |
0.27 |
0.27 |
0.28 |
0.3 |
0.31 |
0.31 |
0.32 |
0.34 |
0.36 |
0.39 |
| Research and Development
Expenses |
$10.33 M
|
$10.09 M
|
$9.00 M
|
$8.79 M
|
$8.24 M
|
$5.70 M
|
$6.94 M
|
$5.84 M
|
$4.89 M
|
$4.75 M
|
| General & Administrative
Expenses |
$40.81 M
|
$70.97 M
|
$32.11 M
|
$27.97 M
|
$29.78 M
|
$24.23 M
|
$22.84 M
|
$17.56 M
|
$13.43 M
|
$14.52 M
|
| Selling & Marketing
Expenses |
$44.50 M
|
$13.44 M
|
$38.15 M
|
$31.16 M
|
$30.45 M
|
$27.20 M
|
$27.24 M
|
$23.78 M
|
$23.06 M
|
$24.58 M
|
| Selling, General &
Administrative Expenses |
$77.31 M
|
$83.95 M
|
$70.26 M
|
$59.13 M
|
$60.24 M
|
$51.42 M
|
$49.59 M
|
$40.84 M
|
$36.49 M
|
$37.55 M
|
| Other Expenses |
$240,000.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$8,000.00 |
-$67,000.00 |
| Operating Expenses |
$95.88 M |
$94.04 M |
$79.25 M |
$67.92 M |
$68.48 M |
$57.12 M |
$56.53 M |
$46.68 M |
$41.38 M |
$42.30 M |
| Cost And Expenses |
$477.94 M |
$505.48 M |
$426.58 M |
$329.52 M |
$291.98 M |
$252.68 M |
$231.69 M |
$179.96 M |
$154.60 M |
$142.03 M |
| Interest Income |
$4.90 M |
$1.39 M |
$113,000.00 |
$100,000.00 |
$212,000.00 |
$284,000.00 |
$284,000.00 |
$240,000.00 |
$231,000.00 |
$91,000.00 |
| Interest Expense |
$9.23 M |
$3.66 M |
$3.16 M |
$917,000.00 |
$385,000.00 |
$990,000.00 |
$1.19 M |
$456,000.00 |
$0.00 |
$308,000.00 |
| Depreciation &
Amortization |
$20.55 M
|
$19.80 M
|
$19.84 M
|
$13.94 M
|
$14.03 M
|
$12.56 M
|
$13.61 M
|
$11.61 M
|
$9.89 M
|
$8.66 M
|
| EBITDA |
$77.90 M
|
$82.21 M
|
$74.47 M
|
$55.62 M
|
$47.93 M
|
$44.22 M
|
$39.57 M
|
$32.70 M
|
$31.32 M
|
$30.99 M
|
| EBITDA Ratio |
0.15 |
0.14 |
0.14 |
0.15 |
0.15 |
0.16 |
0.16 |
0.11 |
0.12 |
0.15 |
| Operating Income Ratio
|
0.11
|
0.11
|
0.11
|
0.11
|
0.1
|
0.11
|
0.1
|
0.1
|
0.12
|
0.13
|
| Total Other
Income/Expenses Net |
-$4.67 M
|
-$4.35 M
|
-$6.51 M
|
-$3.19 M
|
-$1.18 M
|
$149,000.00
|
-$1.71 M
|
-$430,000.00
|
-$677,000.00
|
-$1.85 M
|
| Income Before Tax |
$52.44 M |
$57.72 M |
$45.26 M |
$37.40 M |
$32.47 M |
$31.85 M |
$24.25 M |
$20.66 M |
$20.76 M |
$18.87 M |
| Income Before Tax Ratio
|
0.1
|
0.1
|
0.09
|
0.1
|
0.1
|
0.11
|
0.09
|
0.1
|
0.12
|
0.11
|
| Income Tax Expense |
$9.93 M |
$11.20 M |
$10.36 M |
$7.29 M |
$6.87 M |
$7.07 M |
$6.33 M |
$3.95 M |
$3.68 M |
$2.31 M |
| Net Income |
$37.03 M |
$40.47 M |
$29.77 M |
$25.19 M |
$20.27 M |
$19.88 M |
$15.44 M |
$14.17 M |
$16.20 M |
$15.40 M |
| Net Income Ratio |
0.07 |
0.07 |
0.06 |
0.07 |
0.06 |
0.07 |
0.06 |
0.07 |
0.09 |
0.09 |
| EPS |
0.75 |
0.82 |
0.61 |
0.49 |
0.41 |
0.43 |
0.35 |
0.27 |
0.37 |
0.36 |
| EPS Diluted |
0.75 |
0.82 |
0.61 |
0.49 |
0.41 |
0.42 |
0.35 |
0.27 |
0.36 |
0.36 |
| Weighted Average Shares
Out |
$49.10 M
|
$49.09 M
|
$49.06 M
|
$49.03 M
|
$48.90 M
|
$46.67 M
|
$44.44 M
|
$44.35 M
|
$44.25 M
|
$43.29 M
|
| Weighted Average Shares
Out Diluted |
$49.10 M
|
$49.13 M
|
$49.10 M
|
$49.05 M
|
$48.99 M
|
$46.80 M
|
$44.60 M
|
$44.52 M
|
$44.45 M
|
$43.31 M
|
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