TROW Income Statement Research

TROW Stock

USD 108.72 2.67 2.40%

Most accounts from T Rowe's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into T Rowe Price current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out T Rowe Valuation and T Rowe Correlation analysis.

At this time, T Rowe's Cost Of Revenue is fairly stable compared to the past year. Net Income From Continuing Ops is likely to climb to about 1.7 B in 2024, whereas EBIT is likely to drop slightly above 1.1 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	6.5B	5.1B	12.3T	12.9T
Total Revenue	7.7B	6.5B	6.5B	6.8B

Gross Profit Total Revenue

T Rowe income statement Correlations

	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Selling And Marketing Expenses	Interest Expense	Cost Of Revenue	Minority Interest	Net Income From Continuing Ops	Non Operating Income Net Other	Non Recurring	Tax Provision	Interest Income	Reconciled Depreciation
Total Revenue		0.39	0.9	0.76	0.79	0.79	0.7	0.91	0.41	0.92	0.52	0.89	0.69	0.73	0.53	0.49	-0.46	0.81	-0.1	0.78	-0.36	0.64	0.51
Gross Profit	0.39		0.72	-0.14	-0.11	-0.15	-0.25	0.17	0.21	0.17	-0.22	0.49	0.48	0.2	0.96	0.91	-0.36	0.05	-0.68	0.38	-0.51	0.35	0.6
Other Operating Expenses	0.9	0.72		0.47	0.53	0.52	0.45	0.69	0.32	0.7	0.25	0.93	0.74	0.63	0.8	0.77	-0.52	0.55	-0.45	0.76	-0.58	0.64	0.72
Operating Income	0.76	-0.14	0.47		0.97	0.96	0.76	0.81	0.09	0.81	0.77	0.52	0.34	0.69	-0.04	0.04	-0.21	0.76	0.19	0.52	0.11	0.25	0.19
Ebit	0.79	-0.11	0.53	0.97		1.0	0.8	0.76	0.05	0.79	0.69	0.64	0.44	0.71	0.0	0.04	-0.19	0.72	0.07	0.53	-0.09	0.31	0.35
Ebitda	0.79	-0.15	0.52	0.96	1.0		0.83	0.75	0.05	0.79	0.67	0.64	0.43	0.7	-0.03	0.01	-0.19	0.72	0.09	0.53	-0.1	0.33	0.34
Total Operating Expenses	0.7	-0.25	0.45	0.76	0.8	0.83		0.68	0.21	0.72	0.53	0.63	0.51	0.56	-0.09	-0.12	-0.39	0.69	0.26	0.67	-0.16	0.48	0.24
Income Before Tax	0.91	0.17	0.69	0.81	0.76	0.75	0.68		0.6	0.98	0.71	0.63	0.5	0.67	0.35	0.27	-0.37	0.93	0.28	0.68	0.0	0.58	0.15
Total Other Income Expense Net	0.41	0.21	0.32	0.09	0.05	0.05	0.21	0.6		0.56	0.32	0.21	0.27	0.24	0.41	0.14	-0.26	0.6	0.5	0.43	0.03	0.68	-0.09
Net Income	0.92	0.17	0.7	0.81	0.79	0.79	0.72	0.98	0.56		0.6	0.67	0.59	0.63	0.36	0.25	-0.45	0.96	0.22	0.69	-0.09	0.58	0.22
Income Tax Expense	0.52	-0.22	0.25	0.77	0.69	0.67	0.53	0.71	0.32	0.6		0.22	-0.03	0.67	-0.15	-0.01	0.12	0.56	0.49	0.35	0.37	0.23	-0.13
Depreciation And Amortization	0.89	0.49	0.93	0.52	0.64	0.64	0.63	0.63	0.21	0.67	0.22		0.73	0.59	0.6	0.55	-0.51	0.53	-0.41	0.75	-0.65	0.69	0.79
Selling General Administrative	0.69	0.48	0.74	0.34	0.44	0.43	0.51	0.5	0.27	0.59	-0.03	0.73		0.52	0.6	0.34	-0.43	0.57	-0.36	0.54	-0.55	0.53	0.61
Selling And Marketing Expenses	0.73	0.2	0.63	0.69	0.71	0.7	0.56	0.67	0.24	0.63	0.67	0.59	0.52		0.26	0.29	-0.01	0.58	-0.05	0.51	-0.22	0.36	0.38
Interest Expense	0.53	0.96	0.8	-0.04	0.0	-0.03	-0.09	0.35	0.41	0.36	-0.15	0.6	0.6	0.26		0.85	-0.44	0.26	-0.55	0.49	-0.52	0.54	0.62
Cost Of Revenue	0.49	0.91	0.77	0.04	0.04	0.01	-0.12	0.27	0.14	0.25	-0.01	0.55	0.34	0.29	0.85		-0.43	0.07	-0.63	0.51	-0.51	0.27	0.55
Minority Interest	-0.46	-0.36	-0.52	-0.21	-0.19	-0.19	-0.39	-0.37	-0.26	-0.45	0.12	-0.51	-0.43	-0.01	-0.44	-0.43		-0.37	0.12	-0.8	0.35	-0.52	-0.39
Net Income From Continuing Ops	0.81	0.05	0.55	0.76	0.72	0.72	0.69	0.93	0.6	0.96	0.56	0.53	0.57	0.58	0.26	0.07	-0.37		0.36	0.58	0.05	0.55	0.09
Non Operating Income Net Other	-0.1	-0.68	-0.45	0.19	0.07	0.09	0.26	0.28	0.5	0.22	0.49	-0.41	-0.36	-0.05	-0.55	-0.63	0.12	0.36		-0.05	0.66	0.08	-0.73
Non Recurring	0.78	0.38	0.76	0.52	0.53	0.53	0.67	0.68	0.43	0.69	0.35	0.75	0.54	0.51	0.49	0.51	-0.8	0.58	-0.05		-0.41	0.72	0.52
Tax Provision	-0.36	-0.51	-0.58	0.11	-0.09	-0.1	-0.16	0.0	0.03	-0.09	0.37	-0.65	-0.55	-0.22	-0.52	-0.51	0.35	0.05	0.66	-0.41		-0.29	-0.72
Interest Income	0.64	0.35	0.64	0.25	0.31	0.33	0.48	0.58	0.68	0.58	0.23	0.69	0.53	0.36	0.54	0.27	-0.52	0.55	0.08	0.72	-0.29		0.53
Reconciled Depreciation	0.51	0.6	0.72	0.19	0.35	0.34	0.24	0.15	-0.09	0.22	-0.13	0.79	0.61	0.38	0.62	0.55	-0.39	0.09	-0.73	0.52	-0.72	0.53

Click cells to compare fundamentals

T Rowe Account Relationship Matchups

T Rowe income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Revenue	5.6B	6.2B	7.7B	6.5B	6.5B	6.8B
Gross Profit	4.7B	5.3B	6.5B	5.1B	12.3T	12.9T
Operating Income	1.7B	2.1B	3.7B	2.4B	2.0B	1.1B
Ebit	1.7B	2.1B	3.2B	2.7B	2.0B	1.1B
Ebitda	1.9B	2.2B	3.4B	3.0B	2.0B	1.2B
Income Before Tax	2.9B	3.2B	4.0B	1.9B	2.5B	2.6B
Net Income	2.1B	2.4B	3.1B	1.6B	1.8B	1.8B
Income Tax Expense	678.4M	718.9M	896.1M	498.6M	654.6M	348.2M
Interest Expense	1.1B	1.0B	764.3M	317.2M	4.2B	4.4B
Cost Of Revenue	928.4M	939.7M	1.2B	1.3B	4.3B	4.5B
Minority Interest	117.6M	150.6M	(15.6M)	108.3M	(34.6M)	(32.9M)
Tax Provision	678.4M	718.9M	896.1M	498.6M	580.5M	568.7M
Interest Income	533.2M	497.8M	288.1M	408.2M	469.4M	341.2M

T Rowe Investors Sentiment

The influence of T Rowe's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in TROW. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to T Rowe's public news can be used to forecast risks associated with an investment in TROW. The trend in average sentiment can be used to explain how an investor holding TROW can time the market purely based on public headlines and social activities around T Rowe Price. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

T Rowe's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for T Rowe's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average T Rowe's news discussions. The higher the estimated score, the more favorable is the investor's outlook on T Rowe.

T Rowe Implied Volatility

56.86

T Rowe's implied volatility exposes the market's sentiment of T Rowe Price stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if T Rowe's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that T Rowe stock will not fluctuate a lot when T Rowe's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards T Rowe in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, T Rowe's short interest history, or implied volatility extrapolated from T Rowe options trading.

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When determining whether T Rowe Price is a strong investment it is important to analyze T Rowe's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact T Rowe's future performance. For an informed investment choice regarding TROW Stock, refer to the following important reports:

How To Invest In TROW

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Check out T Rowe Valuation and T Rowe Correlation analysis.

You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

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When running T Rowe's price analysis, check to measure T Rowe's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy T Rowe is operating at the current time. Most of T Rowe's value examination focuses on studying past and present price action to predict the probability of T Rowe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move T Rowe's price. Additionally, you may evaluate how the addition of T Rowe to your portfolios can decrease your overall portfolio volatility.

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Is T Rowe's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of T Rowe. If investors know TROW will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about T Rowe listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.65

Dividend Share

4.88

Earnings Share

7.76

Revenue Per Share

28.829

Quarterly Revenue Growth

0.077

The market value of T Rowe Price is measured differently than its book value, which is the value of TROW that is recorded on the company's balance sheet. Investors also form their own opinion of T Rowe's value that differs from its market value or its book value, called intrinsic value, which is T Rowe's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because T Rowe's market value can be influenced by many factors that don't directly affect T Rowe's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between T Rowe's value and its price as these two are different measures arrived at by different means. Investors typically determine if T Rowe is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, T Rowe's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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TROW Income Statement Research

T Rowe income statement Correlations

T Rowe Account Relationship Matchups

High Positive Relationship

High Negative Relationship

T Rowe income statement Accounts

T Rowe Investors Sentiment

T Rowe Implied Volatility

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COMMON DESTINATIONS

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Ebitda	+ 1.0	Ebit
Net Income	+ 0.98	Income Before Tax
Ebit	+ 0.97	Operating Income
Interest Expense	+ 0.96	Gross Profit
Ebitda	+ 0.96	Operating Income
Net Income From Continuing Ops	+ 0.96	Net Income

Non Recurring	- 0.8	Minority Interest
Reconciled Depreciation	- 0.73	Non Operating Income Net Other
Reconciled Depreciation	- 0.72	Tax Provision
Non Operating Income Net Other	- 0.68	Gross Profit
Tax Provision	- 0.65	Depreciation And Amortization
Non Operating Income Net Other	- 0.63	Cost Of Revenue