Steelcase Inc. (SCS) — Financial statements
Income statement, balance sheet, and cash flow for Steelcase Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,166↑0.2% | 3,160↓2.3% | 3,233↑16.6% | 2,773↑6.8% | 2,596 | |
| Cost of Revenue | 2,120↓1.3% | 2,147↓7.2% | 2,313↑15.0% | 2,011↑9.7% | 1,833 | |
| Gross Profit | 1,047↑3.4% | 1,012↑10.1% | 919↑20.7% | 762↓0.2% | 763 | |
| Operating Expenses | ||||||
| R&D Expenses | 50↑4.6% | 48 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 0.60↓45.5% | 1 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00↓100.0% | 805 | 0.00 | 0.00 | |
| SG&A Expenses | 878↑146250.0% | 0.60↓99.9% | 806↑13.3% | 712 | 0.00 | |
| Other Expenses | -41↓104.8% | 846↑22157.9% | 4 | 0.00↓100.0% | 684 | |
| Operating Expenses | 888↓0.7% | 895↑4.8% | 854↑15.2% | 741↑8.4% | 684 | |
| Total Costs & Expenses | 3,008↓1.1% | 3,042↓3.4% | 3,150↑14.5% | 2,753↑9.3% | 2,518 | |
| Operating Results | ||||||
| Operating Income | 158↑34.2% | 118↑79.8% | 66↑225.9% | 20↓53.3% | 43 | |
| Depreciation & Amortization | 81↓3.3% | 84↓7.1% | 90↑8.2% | 83↓2.3% | 85 | |
| EBITDA | 241↑11.1% | 217↑27.4% | 170↑53.8% | 111↓20.0% | 138 | |
| EBIT | 160↑20.2% | 133↑69.0% | 79↑188.3% | 27↓48.5% | 53 | |
| Interest & Other Income | ||||||
| Net Interest Income | -26↑0.8% | -26↑8.8% | -28↓10.5% | -26↑5.2% | -27 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 26↓0.8% | 26↓8.8% | 28↑10.5% | 26↓5.2% | 27 | |
| Non-Operating Income | -2↑88.2% | -15↓4.8% | -15↓101.4% | -7↑28.0% | -10 | |
| Other Income / Expenses | -24↓123.4% | -11↑23.0% | -14↑24.9% | -19↓8.2% | -17 | |
| Income Before Tax | 134↑25.3% | 107↑107.6% | 52↑3125.0% | 2↓93.8% | 26 | |
| Income Tax Expense | 14↓48.1% | 26↑59.5% | 16↑779.2% | -2↓1100.0% | -0.20 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 121↑48.8% | 81↑129.7% | 35↑782.5% | 4↓84.7% | 26 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 121↑48.8% | 81↑129.7% | 35↑782.5% | 4↓84.7% | 26 | |
| Bottom-Line Net Income | 117↑49.6% | 78↑129.4% | 34↑771.8% | 4↓84.7% | 26 | |
| EPS (Basic) | 1.02↑50.0% | 0.68↑126.7% | 0.30↑774.6% | 0.03↓84.4% | 0.22 | |
| EPS (Diluted) | 1.02↑50.0% | 0.68↑126.7% | 0.30↑777.2% | 0.03↓84.5% | 0.22 | |
| Weighted Average Shares | 114↑0.0% | 114↑1.1% | 113↓0.9% | 114↓1.0% | 115 | |
| Weighted Average Diluted Shares | 115↑0.4% | 115↑1.1% | 113↓0.9% | 114↓0.9% | 115 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.