Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 6.87B | 5.9% |
| Gross Profit | 5.16B | 8.2% |
| Cost of Revenue | 1.71B | 0.4% |
| Operating expense | 1.07B | 2.2% |
| Net Income | 2.26B | 11.5% |
| EBITDA | 3.76B | 9.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 56.2B | 4.4% |
| Total Liabilities | 61.3B | 4.6% |
| Shares Outstanding | 720 | 0.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 2.74B | 62% |
| Cash from investing | -1.27B | 49.6% |
| Cash from financing | -1.09B | 25.1% |
EPS
Financial Highlights for McDonald's in Q3 '24
McDonald's reported a revenue of 6.87B, which is a 5.9% 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 5.16B, marking a 8.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.71B, a -0.4% 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 1.07B, showing a -2.2% 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 2.26B, showing a 11.5% 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 3.76B, showing a 9.5% 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 McDonald's with growth in revenue, gross profit, and net income.
