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    Contact usWhat is Enterprise Value?Advanced EV Calculator
    CITIGROUP INC (C)
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    Latest price
    $117.71
    1.27%
    Dollar Amounts
    USD (Millions)
    Metric20202021202220232024
    Revenue$74,298$71,884$75,338$78,462$81,139
    Gross Profit$56,803$23,691$24,046$22,096$27,155
    Operating Income$13,632$27,469$18,807$12,910$17,046
    Net Income$11,047$21,952$14,845$9,228$12,682
    Data source10-K10-K10-K10-K10-K
    Showing latest financials
    Data in millions of USD
    Doing some research...

    Commentary on Citigroup Inc. Performance

    Over the five-year period, Citigroup’s revenue has shown a modest, steady upward trajectory, rising from USD 74,298 million in 2020 to USD 81,139 million in 2024. Despite this gradual revenue growth, other income measures have experienced notable volatility. In 2020, Citigroup reported a gross profit of USD 56,803 million which experienced a sharp decline to USD 23,691 million in 2021. Although gross profit exhibited minor recovery in subsequent years—reaching USD 27,155 million in 2024—the irregular swings suggest significant changes in cost structure or accounting adjustments in measuring profitability. Operating income more than doubled from USD 13,632 million in 2020 to USD 27,469 million in 2021, marking a significant improvement (>100% increase). However, this was followed by declines through 2023 before partially recovering in 2024. Net income trends were similarly volatile. The substantial jump from USD 11,047 million in 2020 to USD 21,952 million in 2021—an increase of roughly 100%—was followed by declines of about 32% in 2022 and 38% in 2023. A rebound in 2024 to USD 12,682 million, although not returning to the 2021 peak, indicates ongoing fluctuations. These dramatic year-over-year changes, particularly in gross profit and net income, could be driven by shifts in operational efficiency, variations in non-interest expenses, or broader market conditions affecting banking profitability. Overall, while Citigroup’s revenue growth reflects a stable top-line performance, the inconsistencies in profitability measures point to underlying operational adjustments. The bank’s financial health appears resilient but warrants close monitoring of how internal changes and industry dynamics are managed to sustain long-term income stability.

    This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.