Markel Corporation
MKLFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
16,750
Cost of Revenue
7,477
Gross Profit
9,273
Gross Margin
55.4%
Operating Income
3,638
Operating Margin
21.7%
Net Income
2,747
Net Margin
16.4%
EPS (Basic)
$199.69
EPS (Diluted)
$199.32
EBITDA
4,184
EBITDA Margin
25.0%
2023
12/31/2023
Revenue
15,714
Cost of Revenue
7,633
Gross Profit
8,081
Gross Margin
51.4%
Operating Income
2,654
Operating Margin
16.9%
Net Income
1,996
Net Margin
12.7%
EPS (Basic)
$147.32
EPS (Diluted)
$146.98
EBITDA
3,159
EBITDA Margin
20.1%
2022
12/31/2022
Revenue
11,813
Cost of Revenue
8,408
Gross Profit
3,405
Gross Margin
28.8%
Operating Income
-152
Operating Margin
-1.3%
Net Income
-216
Net Margin
-1.8%
EPS (Basic)
$-7.45
EPS (Diluted)
$-7.45
EBITDA
354
EBITDA Margin
3.0%
2021
12/31/2021
Revenue
12,918
Cost of Revenue
7,025
Gross Profit
5,893
Gross Margin
45.6%
Operating Income
3,130
Operating Margin
24.2%
Net Income
2,423
Net Margin
18.8%
EPS (Basic)
$176.92
EPS (Diluted)
$176.51
EBITDA
3,650
EBITDA Margin
28.3%
2020
12/31/2020
Revenue
9,639
Cost of Revenue
6,257
Gross Profit
3,382
Gross Margin
35.1%
Operating Income
1,000
Operating Margin
10.4%
Net Income
816
Net Margin
8.5%
EPS (Basic)
$55.67
EPS (Diluted)
$55.63
EBITDA
1,485
EBITDA Margin
15.4%