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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 5.49B | 1.3% |
| Gross Profit | 3.52B | 3% |
| Cost of Revenue | 1.98B | 1.4% |
| Operating expense | 2.43B | 2.8% |
| Net Income | 834M | 1.1% |
| EBITDA | 1.24B | 3.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 43.8B | 12% |
| Total Liabilities | 23.7B | 22.3% |
| Total Equity | 20.1B | 2% |
| Shares Outstanding | 381M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.47B | 132.9% |
| Cash from investing | -2.17B | 1756.4% |
| Cash from financing | 2.65B | 374.6% |
EPS
Financial Highlights for Stryker in Q3 '24
Stryker reported a revenue of 5.49B, which is a 1.3% 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 3.52B, marking a 3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.98B, a -1.4% 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 2.43B, showing a 2.8% 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 834M, showing a 1.1% 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 1.24B, showing a 3.2% 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 Stryker with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
