Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 6.29B | 0.6% |
| Gross Profit | 2.65B | 1.4% |
| Cost of Revenue | 3.65B | 2.1% |
| Operating expense | 1.09B | 6.1% |
| Net Income | 1.37B | 19.8% |
| EBITDA | 1.34B | 20.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 40.9B | 5.8% |
| Total Liabilities | 36.2B | 8.1% |
| Total Equity | 4.64B | 18.5% |
| Shares Outstanding | 545M | 0.9% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -1.79B | 275% |
| Cash from investing | -1.2B | 160% |
| Cash from financing | -1.09B | 20.1% |
EPS
Financial Highlights for 3M Company in Q3 '24
3M Company reported a revenue of 6.29B, which is a 0.6% 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 2.65B, marking a -1.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.65B, a 2.1% 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 1.09B, showing a -6.1% 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 1.37B, showing a 19.8% 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 1.34B, showing a -20.9% 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.
3M Company faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.
