Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 6.26B | 0.8% |
| Gross Profit | 3.81B | 3.6% |
| Cost of Revenue | 2.46B | 15% |
| Operating expense | 38M | 90.3% |
| Net Income | 2.29B | 39.7% |
| EBITDA | 3.19B | 24.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 34.2B | 0.6% |
| Total Liabilities | 37.6B | 0.6% |
| Shares Outstanding | 1.7B | 0.9% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 2.61B | 3581.3% |
| Cash from investing | -41M | 10.8% |
| Cash from financing | -2.48B | 45.9% |
EPS
Financial Highlights for Altria in Q3 '24
Altria reported a revenue of 6.26B, which is a 0.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 3.81B, marking a 3.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.46B, a -15% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 38M, showing a -90.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 2.29B, showing a -39.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 3.19B, showing a 24.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Altria faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
