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 Albertsons Companies (ACI) revenue becomes net income?

For TTM through Q1 2026, Albertsons Companies turned $83.2B of revenue into $217M of net income — a net margin of 0.3%. The waterfall shows where the rest goes: cost of revenue, operating expenses, non-operating items, and taxes.

What are Albertsons Companies (ACI) gross, operating, and net margins?

For TTM through Q1 2026, Albertsons Companies reported a gross margin of 26.7%, an operating margin of 0.9%, and a net margin of 0.3%. Each subtotal in the waterfall corresponds to one of these margins.

Why does Albertsons Companies (ACI) 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.

Albertsons Companies (ACI) Income Statement Waterfall

Revenue

$83.2B

Gross Margin

+26.7%

Operating Margin

+0.9%

Net Margin

+0.3%

Income statement waterfall for Albertsons Companies (ACI) — TTM through Q1 2026

Net income: $217M

Margin breakdown for Albertsons Companies (ACI) — TTM through Q1 2026

Line item	Amount	Running total
Revenue	$83.2B	$83.2B
Cost of Revenue	-$61B	$22.2B
Gross Profit	$22.2B	$22.2B
Operating Expenses	-$21.4B	$744M
Operating Income	$744M	$744M
Other Income / Expense	-$476M	$268M
Pre-tax Income	$268M	$268M
Income Tax	-$50.4M	$217M
Net Income	$217M	$217M

Revenue$83.2B
Cost of Revenue-$61B
Gross Profit$22.2B
Operating Expenses-$21.4B
Operating Income$744M
Other Income / Expense-$476M
Pre-tax Income$268M
Income Tax-$50.4M
Net Income$217M

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