Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.1B | 5.2% |
| Gross Profit | 743M | 39.4% |
| Cost of Revenue | 1.36B | 7.3% |
| Operating expense | 534M | 2.9% |
| Net Income | 357M | 21.4% |
| EBITDA | 268M | 495.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 193B | 0.2% |
| Total Liabilities | 178B | 0.2% |
| Total Equity | 14.7B | 6.3% |
| Shares Outstanding | 305M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 992M | 37% |
| Cash from investing | 1.06B | 195.8% |
| Cash from financing | -874M | 11% |
EPS
Financial Highlights for Ally Financial in Q3 '24
Ally Financial reported a revenue of 2.1B, which is a 5.2% 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 743M, marking a 39.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.36B, a -7.3% 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 534M, showing a -2.9% 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 357M, showing a 21.4% 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 268M, showing a 495.6% 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.
It was a positive quarter for Ally Financial with growth in revenue, gross profit, and net income.
