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 Cooper Companies (COO) revenue becomes net income?

For TTM through Q2 2026, Cooper Companies turned $4.23B of revenue into $236M of net income — a net margin of 5.6%. The waterfall shows where the rest goes: cost of revenue, operating expenses, non-operating items, and taxes.

What are Cooper Companies (COO) gross, operating, and net margins?

For TTM through Q2 2026, Cooper Companies reported a gross margin of 64.4%, an operating margin of 11.8%, and a net margin of 5.6%. Each subtotal in the waterfall corresponds to one of these margins.

Why does Cooper Companies (COO) 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.

Cooper Companies (COO) Income Statement Waterfall

Revenue

$4.23B

Gross Margin

+64.4%

Operating Margin

+11.8%

Net Margin

+5.6%

Income statement waterfall for Cooper Companies (COO) — TTM through Q2 2026

Net income: $236M

Margin breakdown for Cooper Companies (COO) — TTM through Q2 2026

Line item	Amount	Running total
Revenue	$4.23B	$4.23B
Cost of Revenue	-$1.51B	$2.72B
Gross Profit	$2.72B	$2.72B
Operating Expenses	-$2.23B	$498M
Operating Income	$498M	$498M
Other Income / Expense	-$85.4M	$413M
Pre-tax Income	$413M	$413M
Income Tax	-$177M	$236M
Net Income	$236M	$236M

Revenue$4.23B
Cost of Revenue-$1.51B
Gross Profit$2.72B
Operating Expenses-$2.23B
Operating Income$498M
Other Income / Expense-$85.4M
Pre-tax Income$413M
Income Tax-$177M
Net Income$236M

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