Central Securities Corp. (CET) Income Statement
CET 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCET revenue and net income
Where CET's revenue goes
2025Each bar shows an amount and its share of revenue. CET kept 305.0% of revenue as net income.
CET profit margins
CET growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −70.6% | — | +1.7% | — |
| Gross profit | −72.6% | — | +1.6% | — |
| Operating income | −7.9% | — | +29.2% | — |
| Net income | −7.9% | — | +29.2% | — |
| EPS (diluted) | +145.7% | — | +17.7% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CET quarterly EPS vs estimates
Central Securities beat the analyst EPS estimate in 4 of the last 5 quarters.
CET income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $87.0M | $296.2M | $57.4M | $0 | $360.3M | $79.9M | $257.0M | $0 | $174.8M | $118.0M |
| Cost of revenue | $5.7M | $5.7M | $4.8M | $4.6M | $5.6M | $4.7M | $4.6M | $4.4M | $4.3M | $4.1M |
| Gross profit | $81.2M | $296.2M | $52.6M | −$157.3M | $354.7M | $75.2M | $252.4M | −$32.9M | $170.6M | $113.9M |
| Research & development | — | — | $4 | $2 | $3 | $2 | $6 | $0 | $0 | $0 |
| Sales, general & admin | $7.5M | $8.0M | $6.6M | $5.8M | $6.5M | $6.0M | $5.8M | $5.6M | $5.5M | $5.2M |
| Total operating expenses | −$184.0M | $296.2M | $6.8M | $6.0M | $6.7M | $6.2M | $6.0M | $5.8M | $5.6M | $5.4M |
| Operating income | $265.2M | $288.0M | $223.6M | −$158.7M | $353.6M | $73.7M | $251.0M | −$34.3M | $169.2M | $112.6M |
| Interest income | $3.8M | $3.7M | $3.9M | $905,872 | $5,595 | $199,056 | $69.9M | $44.8M | $40.6M | $108.1M |
| Interest expense | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Income before taxes | $265.2M | $288.0M | $223.6M | −$158.7M | $353.6M | $73.7M | $251.0M | −$34.3M | $169.2M | $112.6M |
| Income taxes | — | — | $8 | $2 | $7 | $2 | $4 | $1 | $1 | $3 |
| Net income | $265.2M | $288.0M | $223.6M | −$158.7M | $353.6M | $73.7M | $251.0M | −$34.3M | $169.2M | $112.6M |
| EBITDA | $265.4M | $288.1M | $223.7M | −$158.7M | $353.6M | $73.7M | $251.0M | −$34.3M | $169.2M | $112.6M |
| EPS (diluted) | $9.14 | $3.72 | $7.88 | −$5.94 | $18.73 | $4.04 | $14.65 | −$1.97 | $10.10 | $6.76 |
| Gross margin | 93.4% | 100.0% | 91.6% | — | 98.5% | 94.1% | 98.2% | — | 97.6% | 96.5% |
| Operating margin | 305.0% | 97.2% | 389.8% | — | 98.1% | 92.3% | 97.7% | — | 96.8% | 95.4% |
| Net margin | 305.0% | 97.2% | 389.8% | — | 98.1% | 92.3% | 97.7% | — | 96.8% | 95.4% |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | Dec '22 | Jun '22 | Dec '21 | Jun '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $77.2M | $38.0M | $48.9M | $31.3M | $42.5M | $24.2M | $33.2M | $12.4M | $61.2M | $40.7M | $63.4M |
| Cost of revenue | $2.9M | $3.1M | $2.5M | $3.0M | $2.5M | $2.4M | $2.4M | $2.3M | $2.4M | $3.0M | $2.6M |
| Gross profit | $74.3M | $35.0M | $46.3M | $28.3M | $40.0M | $21.8M | $30.7M | $10.1M | $58.8M | $37.7M | $60.9M |
| Sales, general & admin | — | — | — | — | — | — | — | — | $3.0M | $3.3M | $3.0M |
| Total operating expenses | $17.8M | −$125.8M | −$58.2M | −$81.3M | $138.4M | −$92.7M | −$78.3M | −$56.3M | $283.8M | −$30.5M | −$224.6M |
| Operating income | $56.5M | $160.7M | $104.5M | $109.6M | $178.4M | $114.5M | $109.1M | $66.3M | −$225.0M | $68.1M | $285.4M |
| Interest income | — | — | — | — | — | — | — | — | $2.9M | $28.4M | $118.3M |
| Income before taxes | $56.5M | $160.7M | $104.5M | $109.6M | $178.4M | $114.5M | $109.1M | $66.3M | −$8 | $3 | $11 |
| Income taxes | — | — | — | — | −$1 | $4 | $4 | $2 | −$8 | $2 | $11 |
| Net income | $56.5M | $160.7M | $104.5M | $109.6M | $178.4M | $114.5M | $109.1M | $66.3M | $27.3M | $26.3M | $26.2M |
| EBITDA | $56.6M | $160.8M | $104.6M | $109.7M | $178.4M | $114.6M | $109.3M | $66.5M | −$224.9M | $68.3M | $285.6M |
| EPS (diluted) | — | — | $3.61 | $3.72 | — | — | — | $2.31 | −$8.25 | $2.41 | $10.88 |
| Gross margin | 96.3% | 91.9% | 94.7% | 90.4% | 94.1% | 90.2% | 92.6% | 81.6% | 96.1% | 92.6% | 96.0% |
| Operating margin | 73.2% | 422.4% | 213.7% | 350.6% | 420.0% | 473.8% | 328.7% | 537.1% | −367.9% | 167.5% | 450.0% |
| Net margin | 73.2% | 422.4% | 213.7% | 350.6% | 420.0% | 473.8% | 328.7% | 537.1% | 44.6% | 64.6% | 41.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CET's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CET financial results
In fiscal year 2025 (ended December 31, 2025), Central Securities reported revenue of $87.0 million, down 70.6% from the year before. It had net income of $265.2 million (down 7.9%), a net profit margin of 305.0%. Diluted earnings per share came to $9.14. Over five years revenue grew at an average rate of 1.7% a year.
See the CET stock overview for the latest quote and news, or the CET chart for price history and technical indicators.
CET income statement FAQ
What is Central Securities's annual revenue?
Central Securities reported total revenue of $87.0 million for fiscal year 2025, which ended on December 31, 2025. That was down 70.6% from $296.2 million the previous year.
Is Central Securities profitable?
Yes. Central Securities reported net income of $265.2 million in fiscal 2025, a net profit margin of 305.0%; its operating margin was 305.0%.
What is Central Securities's gross margin?
Central Securities's gross margin was 93.4% in fiscal 2025: for every $100 of revenue, Central Securities kept $93 after the direct cost of its products and services.
How fast is Central Securities growing?
Revenue grew 1.7% a year on average over the last five fiscal years, from $79.9 million to $87.0 million.
What are Central Securities's earnings per share?
Central Securities earned $9.14 per diluted share in fiscal 2025, compared with $3.72 a year earlier.
When does Central Securities's fiscal year end?
Central Securities's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.