Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 25.5B | 4.2% |
| Gross Profit | 1.6B | 34.4% |
| Cost of Revenue | 23.9B | 2.7% |
| Operating expense | 6.05B | 4.6% |
| Net Income | 1.19B | 26.5% |
| EBITDA | 2.26B | 16.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 56B | 1.6% |
| Total Liabilities | 41.6B | 0.7% |
| Total Equity | 14.4B | 4.3% |
| Shares Outstanding | 462M | 0.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 2.24B | 103.3% |
| Cash from investing | -634M | 5.5% |
| Cash from financing | -1.71B | 171.2% |
EPS
Financial Highlights for Target in Q3 '24
Target reported a revenue of 25.5B, which is a 4.2% 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 1.6B, marking a 34.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 23.9B, a 2.7% 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 6.05B, showing a 4.6% 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 1.19B, showing a 26.5% 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 2.26B, showing a 16.4% 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 Target with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
