Gross Profit for 1st Source (SRCE)
According to 1st Source's latest reported financial statements, the company's current gross profit (TTM) is $427.02M USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
SRCE
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$427.02M
YoY change
+12.6%
5Y CAGR
+7.5%
Peak year (2025)
$421.93M
Cumulative gross profit
$7.35B
Gross Profit history chart for 1st Source (SRCE) from 1985 to 2025
Gross Profit history table for 1st Source (SRCE) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $421.93M | +12.6% | ||
| 2024 | $374.66M | +3.1% | ||
| 2023 | $363.40M | +6.4% | ||
| 2022 | $341.49M | +0.1% | ||
| 2021 | $341.03M | +16.1% | ||
| 2020 | $293.71M | -5.0% | ||
| 2019 | $309.16M | +6.1% | ||
| 2018 | $291.49M | +5.9% | ||
| 2017 | $275.36M | +8.9% | ||
| 2016 | $252.77M | +2.1% | ||
| 2015 | $247.68M | +5.6% | ||
| 2014 | $234.48M | +0.5% | ||
| 2013 | $233.26M | +2.7% | ||
| 2012 | $227.22M | +0.5% | ||
| 2011 | $226.14M | +5.2% | ||
| 2010 | $214.98M | +17.7% | ||
| 2009 | $182.64M | -8.5% | ||
| 2008 | $199.51M | +9.6% | ||
| 2007 | $182.00M | -2.0% | ||
| 2006 | $185.75M | +7.5% | ||
| 2005 | $172.82M | +7.2% | ||
| 2004 | $161.19M | -2.9% | ||
| 2003 | $166.09M | +9.2% | ||
| 2002 | $152.15M | -15.4% | ||
| 2001 | $179.89M | +12.0% | ||
| 2000 | $160.65M | +3.2% | ||
| 1999 | $155.60M | +13.6% | ||
| 1998 | $137.00M | +18.5% | ||
| 1997 | $115.60M | +20.0% | ||
| 1996 | $96.30M | +10.8% | ||
| 1995 | $86.90M | +14.5% | ||
| 1994 | $75.90M | +8.0% | ||
| 1993 | $70.30M | +8.8% | ||
| 1992 | $64.60M | +13.7% | ||
| 1991 | $56.80M | +10.3% | ||
| 1990 | $51.50M | +5.3% | ||
| 1989 | $48.90M | — | ||
| 1988 | $0 | — | ||
| 1987 | $0 | — | ||
| 1986 | $0 | — | ||
| 1985 | $0 | — |
Gross Profit values are taken from 1st Source's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
1st Source (SRCE) most recent annual gross profit stands at $421.93M (2025) – grew 12.6% year-over-year.
Over 2020–2025 (5 years), 1st Source gross profit expanded at a +7.5% compound annual rate, sustaining 5 straight years of year-over-year growth.
2025 marks the peak gross profit at $421.93M, with the historical low of $0 recorded in 1985.
Among 8 Financial Services peers, 1st Source (SRCE) ranks 9th; the peer median for gross profit is $72.83B.
1st Source Gross Profit by Year
1st Source Gross Profit 2025: $421.93M
1st Source gross profit in 2025 was $421.93M, grew 12.6% from 2024. This figure represents the highest annual value in the available history.
1st Source Gross Profit 2024: $374.66M
1st Source gross profit in 2024 was $374.66M, edged up 3.1% from 2023.
1st Source Gross Profit 2023: $363.40M
1st Source gross profit in 2023 was $363.40M, grew 6.4% from 2022.
1st Source Gross Profit 2022: $341.49M
1st Source gross profit in 2022 was $341.49M, edged up 0.1% from 2021.
1st Source Gross Profit 2021: $341.03M
1st Source gross profit in 2021 was $341.03M.
See more financial history for 1st Source (SRCE).
Sector peers — Gross Profit
Companies in the same sector as 1st Source, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $167.61B | Financial Services |
| Bank of America Corporation (BAC) | $107.42B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $87.78B | Financial Services |
| Wells Fargo & Company (WFC) | $80.04B | Financial Services |
| Morgan Stanley (MS) | $65.62B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $59.40B | Financial Services |
| Visa Inc. (V) | $32.15B | Financial Services |
| Mastercard Incorporated (MA) | $27.36B | Financial Services |
Frequently asked questions
What is 1st Source's gross profit?
Latest reported gross profit for 1st Source (SRCE) is $427.02M (period ending March 31, 2026).
How has 1st Source gross profit changed year-over-year?
1st Source (SRCE) gross profit changed +12.6% year-over-year on the latest annual filing.
What is the long-term growth rate of 1st Source gross profit?
1st Source (SRCE) gross profit compound annual growth rate is +7.5% over the most recent 5 years available.
When did 1st Source gross profit hit its highest annual value?
1st Source gross profit reached its highest annual value of $421.93M in 2025.
What was 1st Source gross profit in 2024?
1st Source (SRCE) gross profit in 2024 was $374.66M.
What was 1st Source gross profit in 2025?
1st Source (SRCE) gross profit in 2025 was $421.93M.
Metrics overview
Pick a metric for charts, filings and peers — each row shows the latest TTM or most-recent-quarter value.
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