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 DuPont de Nemours (DD) revenue becomes net income?

For TTM through Q1 2026, DuPont de Nemours turned $9.7B of revenue into -$29M 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 DuPont de Nemours (DD) gross, operating, and net margins?

For TTM through Q1 2026, DuPont de Nemours reported a gross margin of 33.8%, an operating margin of 15.3%, and a net margin of -0.3%. Each subtotal in the waterfall corresponds to one of these margins.

Why does DuPont de Nemours (DD) 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.

DuPont de Nemours (DD) Income Statement Waterfall

Revenue

$9.7B

Gross Margin

+33.8%

Operating Margin

+15.3%

Net Margin

-0.3%

Income statement waterfall for DuPont de Nemours (DD) — TTM through Q1 2026

Net income: -$29M

Margin breakdown for DuPont de Nemours (DD) — TTM through Q1 2026

Line item	Amount	Running total
Revenue	$9.7B	$9.7B
Cost of Revenue	-$6.42B	$3.28B
Gross Profit	$3.28B	$3.28B
Operating Expenses	-$1.79B	$1.49B
Operating Income	$1.49B	$1.49B
Other Income / Expense	-$741M	$748M
Pre-tax Income	$748M	$748M
Income Tax	-$160M	$588M
Other Items	-$617M	-$29M
Net Loss	-$29M	-$29M

Revenue$9.7B
Cost of Revenue-$6.42B
Gross Profit$3.28B
Operating Expenses-$1.79B
Operating Income$1.49B
Other Income / Expense-$741M
Pre-tax Income$748M
Income Tax-$160M
Other Items-$617M
Net Loss-$29M

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