Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3.32B | 30.5% |
| Gross Profit | -271M | 66.8% |
| Cost of Revenue | 3.59B | 6.8% |
| Operating expense | 6M | 33.3% |
| Net Income | 820M | 162.8% |
| EBITDA | 1.04B | 7528.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 37B | 6.3% |
| Total Liabilities | 23.2B | 5.4% |
| Total Equity | 13.8B | 8% |
| Shares Outstanding | 156M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 912M | 22.9% |
| Cash from investing | 251M | 165.2% |
| Cash from financing | -182M | 11.2% |
EPS
Financial Highlights for Cincinnati Financial in Q3 '24
Cincinnati Financial reported a revenue of 3.32B, which is a 30.5% 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 -271M, marking a 66.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.59B, a 6.8% 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 6M, showing a -33.3% 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 820M, showing a 162.8% 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 1.04B, showing a 7528.6% 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 Cincinnati Financial with growth in revenue, gross profit, and net income.
