Mercury General Corporation

MCY

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
5,476
Cost of Revenue
4,543
Gross Profit
933
Gross Margin
17.0%
Operating Income
606
Operating Margin
11.1%
Net Income
468
Net Margin
8.5%
EPS (Basic)
$8.45
EPS (Diluted)
$8.45
EBITDA
679
EBITDA Margin
12.4%

2023

12/31/2023

Revenue
4,630
Cost of Revenue
4,226
Gross Profit
403
Gross Margin
8.7%
Operating Income
124
Operating Margin
2.7%
Net Income
96
Net Margin
2.1%
EPS (Basic)
$1.74
EPS (Diluted)
$1.74
EBITDA
196
EBITDA Margin
4.2%

2022

12/31/2022

Revenue
3,643
Cost of Revenue
4,017
Gross Profit
-374
Gross Margin
-10.3%
Operating Income
-653
Operating Margin
-17.9%
Net Income
-513
Net Margin
-14.1%
EPS (Basic)
$-9.26
EPS (Diluted)
$-9.26
EBITDA
-571
EBITDA Margin
-15.7%

2021

12/31/2021

Revenue
3,993
Cost of Revenue
3,394
Gross Profit
600
Gross Margin
15.0%
Operating Income
316
Operating Margin
7.9%
Net Income
248
Net Margin
6.2%
EPS (Basic)
$4.48
EPS (Diluted)
$4.48
EBITDA
395
EBITDA Margin
9.9%

2020

12/31/2020

Revenue
3,785
Cost of Revenue
286
Gross Profit
3,499
Gross Margin
92.4%
Operating Income
476
Operating Margin
12.6%
Net Income
375
Net Margin
9.9%
EPS (Basic)
$6.77
EPS (Diluted)
$6.77
EBITDA
544
EBITDA Margin
14.4%