Calcbench

Last week the CEO of United Airlines ($UAL) warned that the war in Iran and the subsequent soaring price of oil and jet fuel will have a “meaningful” impact on the company’s financial performance this quarter.  How meaningful, exactly? That’s for financial analysts to model on their own — but Calcbench does have multiple data feeds on airline fuel costs that can help analysts build those models and evaluate what might happen next. For starters, we have an airlines industry template that tracks all the standard non-GAAP financial disclosures that airlines make. Those disclosures include fuel consumed (in gallons), average price per gallon for the period, and cost per available seat mile — all of which are heavily influenced by the cost of fuel.  You can download our airlines template from DropBox , although the template won’t work automatically unless you (a) are a Calcbench professional subscriber; and (b) have our Excel Add-In already installed. If you need help with either ...

Grocery giant Kroger ($KR) filed its full-year 2025 earnings release this morning, with a rather unpleasant $2.5 billion impairment charge for a warehouse automation project that never delivered on its expected promises. The impairment charge wasn’t a surprise. Kroger had previously disclosed the matter in a filing on Nov. 18 , framing the matter as an “updated e-commerce plan” where Kroger would close three fulfillment warehouses around the United States. The impairment translates to a one-time hit to EPS of $2.91 per diluted share. Wait a minute, warehouse automation costs… Why does that ring a bell?  Because Walmart ($WMT) reported its own EPS issues with warehouse automation several weeks ago — but did so in a very different way. Together, the two earnings releases present a fascinating comparison of how large businesses might treat projects and how they disclose issues to investors when said project goes wobbly. First, Kroger. The company originally struck a partnership in...

Provision for Loan Losses as Percentage of Revenue, 2023-2025 Provisions for loan losses (PLL) is a valuable insight into the strength of financial firms' growth prospects. Calcbench allows users to plot PLL as a percentage of revenue over time to see which firms have significant shifts in PLL, which can be a leading indicator of potential lending trouble. The below chart shows PLL as percentage of revenue for 28 financial firms for the last three years. Some firms have two or one dots when the year-over-year percentages are unchanged. Calcbench subscribers can find this data in several ways. You could use our Multi-Company page to track revenue and PLL for any group of companies you like (although PLL is mostly a disclosure for financial firms) and then ask for a time-series of data for both metrics. You could also configure a template with our Excel Add-In. For Premium subscribers, the data would automatically populate i...

Net Income +10.2% YoY change, Q4 2025 vs. Q4 2024 Revenue +8.5% YoY change, Q4 2025 vs. Q4 2024 Cash +9.8% YoY change, Q4 2025 vs. Q4 2024 We are just about at the end of Q4 and full-year earnings season, and this Friday have perhaps our last earnings roundup of the season courtesy of the famed Calcbench Earnings Tracker.  We now have more than 2,000 non-financial firms in our sample, including important late filers such as Walmart ($WMT) and Nvidia ($NVDA), which just filed two days ago. Figure 1, below, shows the change in Q4 2025 numbers from the year-ago period. Most notably, net income is up 10.2 percent from one year ago, revenue up 8.5 percent. EBIT, operating income, and cash from operations are all up by double-digits too. Cash is up 9...