What is an income statement waterfall?

An income statement waterfall is a bar chart that walks from total revenue down to net income, with each step showing how much a cost or tax line removes (or adds). Subtotals — gross profit, operating income, pre-tax income — are anchored to zero so the cascade reconciles exactly to the bottom line.

How much of Agilent Technologies (A) revenue becomes net income?

For TTM through Q2 2026, Agilent Technologies turned $7.23B of revenue into $1.41B of net income — a net margin of 19.6%. The waterfall shows where the rest goes: cost of revenue, operating expenses, non-operating items, and taxes.

What are Agilent Technologies (A) gross, operating, and net margins?

For TTM through Q2 2026, Agilent Technologies reported a gross margin of 53%, an operating margin of 21.5%, and a net margin of 19.6%. Each subtotal in the waterfall corresponds to one of these margins.

Why does Agilent Technologies (A) have such a high (or low) gross margin?

Gross margin (gross profit ÷ revenue) reflects how much of each revenue dollar remains after direct production costs. Capital-light software and platform businesses often show gross margins above 60–80% because their cost of revenue is mainly hosting and support. Hardware, retail, and commodity businesses show lower gross margins because raw materials and manufacturing costs are significant. The waterfall makes this visible at a glance — the size of the "Cost of Revenue" bar relative to Revenue is the gross margin complement.

What is the difference between gross, operating, and net margin?

Gross margin = (Revenue − Cost of Revenue) ÷ Revenue. It measures production efficiency. Operating margin = Operating Income ÷ Revenue. It adds operating expenses (R&D, S&M, G&A) and measures the profitability of core operations. Net margin = Net Income ÷ Revenue. It also includes interest, other income/expense, and taxes, and represents the shareholder take after everything.

Agilent Technologies (A) Income Statement Waterfall

Revenue

$7.23B

Gross Margin

+53.0%

Operating Margin

+21.5%

Net Margin

+19.6%

Income statement waterfall for Agilent Technologies (A) — TTM through Q2 2026

Net income: $1.41B

Margin breakdown for Agilent Technologies (A) — TTM through Q2 2026

Line item	Amount	Running total
Revenue	$7.23B	$7.23B
Cost of Revenue	-$3.4B	$3.83B
Gross Profit	$3.83B	$3.83B
Operating Expenses	-$2.28B	$1.56B
Operating Income	$1.56B	$1.56B
Other Income / Expense	$25M	$1.58B
Pre-tax Income	$1.58B	$1.58B
Income Tax	-$166M	$1.41B
Net Income	$1.41B	$1.41B

Revenue$7.23B
Cost of Revenue-$3.4B
Gross Profit$3.83B
Operating Expenses-$2.28B
Operating Income$1.56B
Other Income / Expense$25M
Pre-tax Income$1.58B
Income Tax-$166M
Net Income$1.41B

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