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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 5.6B | 3.8% |
| Gross Profit | 1.68B | 4.5% |
| Cost of Revenue | 3.93B | 3.5% |
| Operating expense | 527M | 5.2% |
| Net Income | 760M | 11.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 34.7B | 2.2% |
| Total Liabilities | 26.8B | 0.8% |
| Total Equity | 7.98B | 7% |
| Shares Outstanding | 401M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.36B | 17.7% |
| Cash from investing | -480M | 70.1% |
| Cash from financing | -439M | 260.8% |
EPS
Financial Highlights for Waste Management in Q3 '24
Waste Management reported a revenue of 5.6B, which is a 3.8% 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 1.68B, marking a 4.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.93B, a 3.5% 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 527M, showing a 5.2% 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 760M, showing a 11.8% 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.
It was a positive quarter for Waste Management with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
