Bank of America Corporation (BAC) Margin Analysis

Bank of America Corporation

BAC (NYSE)

(%)

Models
Bank of America Corporation Margin Analysis

# --- Years and Quarters
assumptions.set({
    "timeseries": "annual",
    "data": {
        "#years": """
            4
        """,
        "#quarters": """
            8
        """,
    },
    "titles": {
        "#years": "Years",
        "#quarters": "Quarters",
    },
    "properties": {
        "width": "responsive",
        "title": "Years and Quarters",
        "id": "component-1",
        "bindTo": None
    },
    "descriptions": {
        "#years": r"""
The number of historical years used to render the annual chart and tables.
        """,
        "#quarters": r"""
The number of historical quarters used to render the quarterly chart and tables.
        """,
    }
})

# Render description block
model.render_description({
    "data": r"""
## Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.
""",
    "properties": {
        "width": "responsive"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Annual Section

The annual section uses annual data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

# --- Income Statement Margins
data.compute({
    "user:%revenueGrowthRate": """
        ( income:revenue / income:revenue:-1 ) - 1
    """,
    "user:%grossMargin": """
        income:grossProfit / income:revenue
    """,
    "user:%operatingMargin": """
        income:operatingIncome / income:revenue
    """,
    "user:%netMargin": """
        income:netIncome / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

# --- Cash Flow Statement Margins
data.compute({
    "user:%cashFromOperatingActivitiesMargin": """
        flow:netCashProvidedByOperatingActivities / income:revenue
    """,
    "user:%freeCashFlowMargin": """
        flow:freeCashFlow / income:revenue
    """,
    "user:%depreciationAndAmortizationMargin": """
        flow:depreciationAndAmortization / income:revenue
    """,
    "user:%capitalExpenditureMargin": """
        flow:capitalExpenditure / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "annual",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Annual Chart",
        "include_ltm": False,
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "quarterly",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Quarterly Chart",
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

Years and Quarters

Years Years The number of historical years used to render the annual chart and tables.	#
Quarters Quarters The number of historical quarters used to render the quarterly chart and tables.	#

Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.

Annual Section

The annual section uses annual data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	LTM Mar 15	2025 Dec 31	2024 Dec 31	2023 Dec 31	2022 Dec 31
Revenue	188,754	188,754	192,434	171,912	115,053
Revenue Growth Rate	0%	-1.91%	11.94%	49.42%	22.59%
Cost of Revenue	84,145	84,145	96,368	77,725	22,646
Gross Profit	104,609	104,609	96,066	94,187	92,407
Gross Margin	55.42%	55.42%	49.92%	54.79%	80.32%
Operating Income	34,882	34,882	29,254	28,342	30,969
Operating Margin	18.48%	18.48%	15.2%	16.49%	26.92%
Net Income	30,628	30,628	27,132	26,515	27,528
Net Margin	16.23%	16.23%	14.1%	15.42%	23.93%

Cash Flow Statement Margins

Monetary values in USD amounts except #	LTM Mar 15	2025 Dec 31	2024 Dec 31	2023 Dec 31	2022 Dec 31
Revenue	188,754	188,754	192,434	171,912	115,053
Cash from Operating Activities	12,613	12,613	-8,805	44,982	-6,327
Cash from Operating Activities Margin	6.68%	6.68%	-4.58%	26.17%	-5.5%
Free Cash Flow	12,613	12,613	-8,805	44,982	-6,327
Free Cash Flow Margin	6.68%	6.68%	-4.58%	26.17%	-5.5%
Depreciation and Amortization	2,314	2,314	2,189	2,057	1,978
Depreciation and Amortization Margin	1.23%	1.23%	1.14%	1.2%	1.72%
Capital Expenditure	0	0	0	0	0
Capital Expenditure Margin	0%	0%	0%	0%	0%

Annual Chart

Monetary values in USD

{"sectionId": "section-chart-1", "sectionType": "chart", "title": "Annual Chart", "timeseries": "annual", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 80.32}, {"l": "2023", "x": "2023-12-31", "y": 54.79}, {"l": "2024", "x": "2024-12-31", "y": 49.92}, {"l": "2025", "x": "2025-12-31", "y": 55.42}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 26.92}, {"l": "2023", "x": "2023-12-31", "y": 16.49}, {"l": "2024", "x": "2024-12-31", "y": 15.2}, {"l": "2025", "x": "2025-12-31", "y": 18.48}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 23.93}, {"l": "2023", "x": "2023-12-31", "y": 15.42}, {"l": "2024", "x": "2024-12-31", "y": 14.1}, {"l": "2025", "x": "2025-12-31", "y": 16.23}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": -5.5}, {"l": "2023", "x": "2023-12-31", "y": 26.17}, {"l": "2024", "x": "2024-12-31", "y": -4.58}, {"l": "2025", "x": "2025-12-31", "y": 6.68}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}

Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	2025 (Q4) Dec 31	2025 (Q3) Sep 30	2025 (Q2) Jun 30	2025 (Q1) Mar 31	2024 (Q4) Dec 31	2024 (Q3) Sep 30
Revenue	46,878	48,221	46,666	46,989	46,965	48,869
Revenue Growth Rate	-2.79%	3.33%	-0.687%	0.051%	-3.9%
Cost of Revenue	19,819	21,428	21,795	21,103	23,070	25,066
Gross Profit	27,059	26,793	24,871	25,886	23,895	23,803
Gross Margin	57.72%	55.56%	53.3%	55.09%	50.88%	48.71%
Operating Income	9,622	9,456	7,688	8,116	7,108	7,324
Operating Margin	20.53%	19.61%	16.47%	17.27%	15.13%	14.99%
Net Income	7,647	8,469	7,116	7,396	6,665	6,896
Net Margin	16.31%	17.56%	15.25%	15.74%	14.19%	14.11%

Cash Flow Statement Margins

Monetary values in USD amounts except #	2025 (Q4) Dec 31	2025 (Q3) Sep 30	2025 (Q2) Jun 30	2025 (Q1) Mar 31	2024 (Q4) Dec 31	2024 (Q3) Sep 30
Revenue	46,878	48,221	46,666	46,989	46,965	48,869
Cash from Operating Activities	-22,945	46,874	-9,132	-2,184	25,914	-37,276
Cash from Operating Activities Margin	-48.95%	97.21%	-19.57%	-4.65%	55.18%	-76.28%
Free Cash Flow	-22,945	46,874	-9,132	-2,184	25,914	-37,276
Free Cash Flow Margin	-48.95%	97.21%	-19.57%	-4.65%	55.18%	-76.28%
Depreciation and Amortization	594	584	571	565	559	549
Depreciation and Amortization Margin	1.27%	1.21%	1.22%	1.2%	1.19%	1.12%
Capital Expenditure	0	0	0	0	0	0
Capital Expenditure Margin	0%	0%	0%	0%	0%	0%

Quarterly Chart

Monetary values in USD

{"sectionId": "section-chart-2", "sectionType": "chart", "title": "Quarterly Chart", "timeseries": "quarterly", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2024 (Q3)", "x": "2024-09-30", "y": 48.71}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 50.88}, {"l": "2025 (Q1)", "x": "2025-03-31", "y": 55.09}, {"l": "2025 (Q2)", "x": "2025-06-30", "y": 53.3}, {"l": "2025 (Q3)", "x": "2025-09-30", "y": 55.56}, {"l": "2025 (Q4)", "x": "2025-12-31", "y": 57.72}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2024 (Q3)", "x": "2024-09-30", "y": 14.99}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 15.13}, {"l": "2025 (Q1)", "x": "2025-03-31", "y": 17.27}, {"l": "2025 (Q2)", "x": "2025-06-30", "y": 16.47}, {"l": "2025 (Q3)", "x": "2025-09-30", "y": 19.61}, {"l": "2025 (Q4)", "x": "2025-12-31", "y": 20.53}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2024 (Q3)", "x": "2024-09-30", "y": 14.11}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 14.19}, {"l": "2025 (Q1)", "x": "2025-03-31", "y": 15.74}, {"l": "2025 (Q2)", "x": "2025-06-30", "y": 15.25}, {"l": "2025 (Q3)", "x": "2025-09-30", "y": 17.56}, {"l": "2025 (Q4)", "x": "2025-12-31", "y": 16.31}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2024 (Q3)", "x": "2024-09-30", "y": -76.28}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 55.18}, {"l": "2025 (Q1)", "x": "2025-03-31", "y": -4.65}, {"l": "2025 (Q2)", "x": "2025-06-30", "y": -19.57}, {"l": "2025 (Q3)", "x": "2025-09-30", "y": 97.21}, {"l": "2025 (Q4)", "x": "2025-12-31", "y": -48.95}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}