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CIT GROUP INC (CIT) Add to portfolio

1m | 3m | 6m | 1y | 2y | 5y | 10y
Price: $53.50 Metrics
OS: 99.2 M 11 % ROE
Market cap: $5.31 B 6 % ROIC

 
TTM Valuation
EPS $6.86 7.8 x P/E
BVPS $62.26 0.86 x P/B

Recent News + Filings   (All items)

Financial Summary   (All financials)
In millions, except per share itemsDec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13
Revenues1,616.82,226.92,287.12,374.92,145.81,722.91,758.42,537.9
            Revenue growth-27.4%-2.6%-3.7%10.7%24.5%-2.0%-30.7%95.9%
Cost of goods sold1,635.01,409.31,366.01,479.2285.5234.233.735.3
Gross profit-18.2817.6921.1895.71,860.31,488.71,724.72,502.6
            Gross margin-1.1%36.7%40.3%37.7%86.7%86.4%98.1%98.6%
Selling, general and administrative1,309.91,113.21,070.01,188.51,283.51,121.11.4-970.2
Research and development157.0135.8131.5127.9133.7109.2-84.583.3
EBITA-233.0624.4675.6667.2365.7177.9203.6725.3
            EBITA margin-14.4%28.0%29.5%28.1%17.0%10.3%11.6%28.6%
Amortization of intangibles      1.4 
EBIT-233.0624.4675.6667.2365.7177.9202.2725.3
            EBIT margin-14.4%28.0%29.5%28.1%17.0%10.3%11.5%28.6%
Pre-tax income-703.4623.9637.0191.620.9186.0244.5734.2
Income taxes-88.194.5164.9-67.8203.5-538.0-432.483.9
            Tax rate12.5%15.1%25.9% 973.7%  11.4%
Earnings from continuing ops-646.4511.0444.5339.8-848.01,034.1233.5650.3
Earnings from discontinued ops 0.0-16.3118.6  443.4 
Net income-646.4511.0428.2458.4-848.01,034.1676.9650.3
            Net margin-40.0%22.9%18.7%19.3%-39.5%60.0%38.5%25.6%
 
Diluted EPS($6.57)$5.27$3.74$2.07($4.20)$5.55$1.23$3.22
Shares outstanding (diluted)98.496.9118.8164.0201.9186.4189.5201.7
 
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.

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