SolarWinds (SolarWinds) EBIT : $164.6 Mil (TTM As of Mar. 2024)

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What is SolarWinds EBIT?

SolarWinds's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $50.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $164.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SolarWinds's annualized ROC % for the quarter that ended in Mar. 2024 was 4.56%. SolarWinds's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 328.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SolarWinds's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.56%.

SolarWinds EBIT Historical Data

The historical data trend for SolarWinds's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SolarWinds EBIT Chart

SolarWinds Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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79.86

52.25

-32.87

71.52

150.37

SolarWinds Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															36.46	32.65	38.53	43.37	50.10

Competitive Comparison of SolarWinds's EBIT

For the Software - Infrastructure subindustry, SolarWinds's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SolarWinds's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, SolarWinds's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SolarWinds's EV-to-EBIT falls into.

SolarWinds EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $164.6 Mil.

SolarWinds (NYSE:SWI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

SolarWinds's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	187.596 * ( 1 - 22.67% )	/	( (3201.87	+	3164.366)	/ 2 )
=	145.0679868	/	3183.118
=	4.56 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3250.915	-	96.526	-	( 289.172	-	max(0, 468.808	-	421.327	+	289.172	))
=	3201.87

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3238.664	-	257.439	-	( 312.813	-	max(0, 625.76	-	442.619	+	312.813	))
=	3164.366

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

SolarWinds's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	200.404	/	( ( (63.445 + max(-309.737, 0))	+	(58.489 + max(-472.528, 0)) )	/	2 )
=	200.404	/	( ( 63.445	+	58.489 )	/	2 )
=	200.404	/	60.967
=	328.71 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(103.455	+	0	+	28.241)	-	(96.526	+	344.907	+	0)
=	-309.737

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(102.752	+	0	+	26.451)	-	(257.439	+	344.292	+	0)
=	-472.528

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

SolarWinds's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	164.641	/	2963.275
	=	5.56 %

SolarWinds EBIT Related Terms

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SolarWinds (SolarWinds) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SolarWinds Corp (NYSE:SWI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

0OIA:Germany

Address

7171 Southwest Parkway, Building 400, Austin, TX, USA, 78735

Website

https://www.solarwinds.com

SolarWinds Corp is a provider of information technology (IT), and management software. Company offers full-stack observability solutions. The company's business is focused on building products that enable technology professionals and leaders to securely monitor and manage the performance of their IT environments, whether on-premises, in the cloud or in hybrid deployments. The products offered are designed to monitor and manage networks, systems, databases and applications across on-premises, multi-cloud and hybrid IT environments without the need for customization or professional services. Majority of company's revenue is earned in United States.

Executives

Easwaran Sundaram	director	C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Jason Bliss	officer: EVP General Counsel	7171 SOUTHWEST PKWY STE 400, AUSTIN TX 78735-6140
Rohini Kasturi	officer: EVP, Chief Product Officer	7171 SOUTHWEST PARKWAY, BUILDING 400, AUSTIN TX 78735
Andrea Webb	officer: EVP, Chief Customer Officer	7171 SOUTHWEST PARKWAY, BUILDING 400, AUSTIN TX 78735
Sudhakar Ramakrishna	director, officer: CEO & President	4750 WILLOW RD., PLEASANTON CA 94588
Cathleen A Benko	director	ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Douglas P Smith	director	C/O SILVER LAKE, 2776 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
David Gardiner	officer: Executive VP, Core IT	7171 SOUTHWEST PKWY STE 400, AUSTIN TX 78735-6140
James Barton Kalsu	officer: EVP CFO & Treasurer	7171 SOUTHWEST PARKWAY, BUILDING 400, AUSTIN TX 78735
Hermes Usa Investors Venture Ii, Lp	other: See Remarks	C/O CORPORATION SERVICES COMPANY, 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808-1674
Neuberger Berman Insurance Fund Series Interests Of The Sali Multi-series Fund, L.p.	10 percent owner	325 N. SAINT PAUL STREET, SUITE 4900, DALLAS TX 75201
Harbourvest Global Annual Private Equity Fund L.p.	other: See Remarks	HARBOURVEST PARTNERS, LLC, ONE FINANCIAL CENTER, 44TH FLOOR, BOSTON MA 02111
Alpinvest Partners B.v.	10 percent owner	JACHTHAVENWEG 118, AMSTERDAM P7 1081 KJ
Nb Alternatives Advisers Llc	10 percent owner	325 N. SAINT PAUL STREET, SUITE 4900, DALLAS TX 75201
Howard Hughes Medical Institute	other: HHMI is a member of 10% group	4000 JONES BRIDGE ROAD, CHEVY CHASE MD 20815-6789