Similar companies
Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.08B | 0% |
| Gross Profit | 1.16B | 2.4% |
| Cost of Revenue | 918M | 2.8% |
| Operating expense | 890M | 0.3% |
| Net Income | 122M | 37.1% |
| EBITDA | 2M | 99.5% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 14.7B | 1.1% |
| Total Liabilities | 11.6B | 1.3% |
| Total Equity | 3.19B | 11.3% |
| Shares Outstanding | 173M | 0.1% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 169M | 52.4% |
| Cash from financing | -202M | 49% |
EPS
Financial Highlights for Solventum in Q3 '24
Solventum reported a revenue of 2.08B, which is a 0% 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 1.16B, marking a 2.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 918M, a -2.8% 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 890M, showing a -0.3% 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 122M, showing a 37.1% 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 2M, showing a -99.5% 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 Solventum with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
