Will This ETF Beat the Market Over the Next 12 Months?
2024 was another banner year for the US stock market,…
Period Ending | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | |
---|---|---|---|---|---|---|
Revenue | $9.1B | $7B | $7B | $7.1B | $6.9B | |
Revenue Growth (YoY) | -6.17% | -22.55% | 0.23% | 0.98% | -3.11% | |
Cost of Revenues | $5.4B | $4.4B | $4.6B | $4.8B | $4.6B | |
Gross Profit | $3.7B | $2.6B | $2.4B | $2.3B | $2.3B | |
Gross Profit Margin | 40.26% | 37.4% | 34.14% | 32.62% | 33.6% | |
R&D Expenses | $373M | $311M | $310M | $304M | $229M | |
Selling, General & Admin | $2.1B | $1.9B | $1.7B | $1.8B | $1.7B | |
Other Inc / (Exp) | -$236M | -$85M | -$700M | -$457M | -$329M | |
Operating Expenses | $2.5B | $2.2B | $2.1B | $2.1B | $2B | |
Operating Income | $1.1B | $417M | $320M | $212M | $353M | |
Net Interest Expenses | $89M | $80M | $92M | $80M | $52M | |
EBT. Incl. Unusual Items | $822M | $252M | -$472M | -$325M | -$28M | |
Earnings of Discontinued Ops. | $710M | -- | -- | -- | -- | |
Income Tax Expense | $179M | $64M | -$17M | -$3M | -$29M | |
Net Income to Company | $651M | $192M | -$455M | -$322M | $1M | |
Minority Interest in Earnings | -$8M | -- | -- | -- | -- | |
Net Income to Common Excl Extra Items | $1.4B | $192M | -$455M | -$322M | $1M | |
Basic EPS (Cont. Ops) | $6.03 | $0.85 | -$2.56 | -$2.15 | -$0.09 | |
Diluted EPS (Cont. Ops) | $5.80 | $0.84 | -$2.56 | -$2.15 | -$0.09 | |
Weighted Average Basic Share | $222M | $209M | $183.2M | $156M | $149.1M | |
Weighted Average Diluted Share | $222M | $209M | $183.2M | $156M | $149.1M | |
EBITDA | $1.4B | $714M | -$49M | $36M | $291M | |
EBIT | $927M | $346M | -$376M | -$234M | $40M | |
Revenue (Reported) | $9.1B | $7B | $7B | $7.1B | $6.9B | |
Operating Income (Reported) | $1.1B | $417M | $320M | $212M | $353M | |
Operating Income (Adjusted) | $927M | $346M | -$376M | -$234M | $40M |
Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
---|---|---|---|---|---|---|
Revenue | $1.8B | $1.8B | $1.8B | $1.7B | $1.5B | |
Revenue Growth (YoY) | -18.91% | -0.51% | -0.4% | -5.65% | -7.51% | |
Cost of Revenues | $1.1B | $1.2B | $1.2B | $1.1B | $1B | |
Gross Profit | $651M | $569M | $556M | $536M | $495M | |
Gross Profit Margin | 36.84% | 32.37% | 31.75% | 32.45% | 32.4% | |
R&D Expenses | $76M | $82M | $73M | $52M | $45M | |
Selling, General & Admin | $444M | $413M | $418M | $416M | $370M | |
Other Inc / (Exp) | $30M | $45M | -$418M | $12M | -$1.1B | |
Operating Expenses | $533M | $508M | $501M | $473M | $425M | |
Operating Income | $118M | $61M | $55M | $63M | $70M | |
Net Interest Expenses | $29M | $22M | $17M | $11M | $28M | |
EBT. Incl. Unusual Items | $119M | $84M | -$380M | $64M | -$1.1B | |
Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
Income Tax Expense | $29M | -$4M | $3M | $15M | $118M | |
Net Income to Company | $90M | $89M | -$382M | $49M | -$1.2B | |
Minority Interest in Earnings | -- | $1M | -$1M | -- | -- | |
Net Income to Common Excl Extra Items | $90M | $90M | -$383M | $49M | -$1.2B | |
Basic EPS (Cont. Ops) | $0.41 | $0.48 | -$2.48 | $0.29 | -$9.71 | |
Diluted EPS (Cont. Ops) | $0.41 | $0.48 | -$2.48 | $0.28 | -$9.71 | |
Weighted Average Basic Share | $211.2M | $179.4M | $155.7M | $157.1M | $124.3M | |
Weighted Average Diluted Share | $212.7M | $181.6M | $155.7M | $158.9M | $124.3M | |
EBITDA | $239M | $186M | -$294M | $141M | -$997M | |
EBIT | $149M | $107M | -$359M | $78M | -$1.1B | |
Revenue (Reported) | $1.8B | $1.8B | $1.8B | $1.7B | $1.5B | |
Operating Income (Reported) | $118M | $61M | $55M | $63M | $70M | |
Operating Income (Adjusted) | $149M | $107M | -$359M | $78M | -$1.1B |
Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
---|---|---|---|---|---|---|
Revenue | $7.5B | $7.2B | $6.9B | $7.1B | $6.4B | |
Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
Cost of Revenues | $4.6B | $4.7B | $4.7B | $4.7B | $4.3B | |
Gross Profit | $2.9B | $2.5B | $2.2B | $2.4B | $2.1B | |
Gross Profit Margin | -- | -- | -- | -- | -- | |
R&D Expenses | $329M | $310M | $310M | $242M | $200M | |
Selling, General & Admin | $1.9B | $1.7B | $1.8B | $1.7B | $1.6B | |
Other Inc / (Exp) | -$88M | $12M | -$1.2B | -$171M | -$1.4B | |
Operating Expenses | $2.3B | $2.1B | $2.1B | $2B | $1.9B | |
Operating Income | $647M | $418M | $118M | $423M | $185M | |
Net Interest Expenses | $74M | $91M | $89M | $43M | $102M | |
EBT. Incl. Unusual Items | $485M | $339M | -$1.2B | $209M | -$1.3B | |
Earnings of Discontinued Ops. | $553M | -- | -- | -- | -- | |
Income Tax Expense | $109M | $47M | -$63M | $25M | $58M | |
Net Income to Company | $381M | $296M | -$1.1B | $181M | -$1.4B | |
Minority Interest in Earnings | -$1M | $1M | $1M | -- | -- | |
Net Income to Common Excl Extra Items | $933M | $297M | -$1.1B | $180M | -$1.4B | |
Basic EPS (Cont. Ops) | $4.27 | $1.50 | -$6.88 | $1.07 | -$11.03 | |
Diluted EPS (Cont. Ops) | $4.10 | $1.48 | -$6.88 | $1.04 | -$11.04 | |
Weighted Average Basic Share | ||||||
Weighted Average Diluted Share | ||||||
EBITDA | $948M | $780M | -$801M | $521M | -$945M | |
EBIT | $578M | $435M | -$1.1B | $267M | -$1.2B | |
Revenue (Reported) | $7.5B | $7.2B | $6.9B | $7.1B | $6.4B | |
Operating Income (Reported) | $647M | $418M | $118M | $423M | $185M | |
Operating Income (Adjusted) | $578M | $435M | -$1.1B | $267M | -$1.2B |
Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
---|---|---|---|---|---|---|
Revenue | $5.1B | $5.3B | $5.2B | $5.1B | $4.6B | |
Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
Cost of Revenues | $3.2B | $3.4B | $3.5B | $3.4B | $3.2B | |
Gross Profit | $1.9B | $1.8B | $1.6B | $1.7B | $1.5B | |
Gross Profit Margin | -- | -- | -- | -- | -- | |
R&D Expenses | $236M | $235M | $235M | $173M | $144M | |
Selling, General & Admin | $1.4B | $1.3B | $1.3B | $1.3B | $1.2B | |
Other Inc / (Exp) | -$40M | $57M | -$454M | -$168M | -$1.2B | |
Operating Expenses | $1.7B | $1.6B | $1.6B | $1.5B | $1.4B | |
Operating Income | $246M | $247M | $45M | $256M | $99M | |
Net Interest Expenses | $57M | $68M | $65M | $28M | $78M | |
EBT. Incl. Unusual Items | $149M | $236M | -$474M | $60M | -$1.2B | |
Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
Income Tax Expense | $36M | $19M | -$27M | $1M | $88M | |
Net Income to Company | $115M | $219M | -$444M | $59M | -$1.3B | |
Minority Interest in Earnings | -- | $1M | $1M | -- | -- | |
Net Income to Common Excl Extra Items | $115M | $220M | -$443M | $59M | -$1.3B | |
Basic EPS (Cont. Ops) | $0.49 | $1.13 | -$2.91 | $0.31 | -$10.53 | |
Diluted EPS (Cont. Ops) | $0.49 | $1.12 | -$2.91 | $0.30 | -$10.54 | |
Weighted Average Basic Share | $636.9M | $562.4M | $467.2M | $470.8M | $372.5M | |
Weighted Average Diluted Share | $641M | $568.8M | $467.2M | $473.6M | $373.8M | |
EBITDA | $490M | $556M | -$196M | $289M | -$947M | |
EBIT | $218M | $307M | -$401M | $100M | -$1.1B | |
Revenue (Reported) | $5.1B | $5.3B | $5.2B | $5.1B | $4.6B | |
Operating Income (Reported) | $246M | $247M | $45M | $256M | $99M | |
Operating Income (Adjusted) | $218M | $307M | -$401M | $100M | -$1.1B |
Period Ending | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | |
---|---|---|---|---|---|---|
Cash and Equivalents | $2.7B | $2.6B | $1.8B | $1B | $519M | |
Short Term Investments | -- | -- | -- | -- | -- | |
Accounts Receivable, Net | $1.1B | $834M | $754M | $791M | $781M | |
Inventory | $694M | $843M | $696M | $797M | $661M | |
Prepaid Expenses | $59M | $65M | $62M | $61M | $62M | |
Other Current Assets | $115M | $134M | $105M | $111M | $89M | |
Total Current Assets | $6.1B | $5.8B | $4.7B | $4.1B | $3.2B | |
Property Plant And Equipment | $1.1B | $1B | $875M | $770M | $703M | |
Long-Term Investments | $46M | $47M | $53M | $59M | $66M | |
Goodwill | $3.9B | $4.1B | $3.3B | $2.8B | $2.7B | |
Other Intangibles | $321M | $355M | $331M | $303M | $245M | |
Other Long-Term Assets | $196M | $180M | $139M | $136M | $133M | |
Total Assets | $15B | $14.7B | $13.2B | $11.5B | $10B | |
Accounts Payable | $1.1B | $983M | $1.1B | $1.3B | $1B | |
Accrued Expenses | $219M | $198M | $231M | $280M | $233M | |
Current Portion Of Long-Term Debt | $1B | $394M | $650M | $860M | $567M | |
Current Portion Of Capital Lease Obligations | $89M | $85M | $81M | $68M | $41M | |
Other Current Liabilities | $290M | $196M | $187M | $217M | $181M | |
Total Current Liabilities | $3.4B | $2.5B | $2.8B | $3.3B | $2.8B | |
Long-Term Debt | $3.2B | $4.1B | $3.6B | $2.9B | $2.7B | |
Capital Leases | -- | -- | -- | -- | -- | |
Total Liabilities | $9.2B | $8.9B | $8.8B | $8B | $7.2B | |
Common Stock | $429M | $412M | $168M | $370M | $337M | |
Other Common Equity Adj | -$3.6B | -$3.3B | -$3B | -$3.5B | -$3.7B | |
Common Equity | $5.6B | $5.6B | $4.4B | $3.3B | $2.5B | |
Total Preferred Equity | -- | -- | -- | -- | -- | |
Minority Interest, Total | $7M | $4M | $17M | $20M | $20M | |
Total Equity | $5.8B | $5.8B | $4.5B | $3.6B | $2.8B | |
Total Liabilities and Equity | $15B | $14.7B | $13.2B | $11.5B | $10B | |
Cash and Short Terms | $2.7B | $2.6B | $1.8B | $1B | $519M | |
Total Debt | $4.3B | $4.4B | $4.2B | $3.7B | $3.3B |
Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
---|---|---|---|---|---|---|
Cash and Equivalents | $3.2B | $2.2B | $932M | $532M | $521M | |
Short Term Investments | -- | -- | -- | -- | -- | |
Accounts Receivable, Net | $842M | $1.9B | $719M | $1.7B | $1.3B | |
Inventory | $978M | $788M | $777M | $728M | $732M | |
Prepaid Expenses | -- | -- | -- | -- | -- | |
Other Current Assets | $249M | $192M | $234M | $170M | $180M | |
Total Current Assets | $6.5B | $5.2B | $3.9B | $3.4B | $3B | |
Property Plant And Equipment | $713M | $624M | $531M | $530M | $480M | |
Long-Term Investments | -- | -- | -- | -- | -- | |
Goodwill | $4B | $4.1B | $2.8B | $2.7B | $1.7B | |
Other Intangibles | $240M | $216M | $216M | $183M | $149M | |
Other Long-Term Assets | $1.4B | $1.5B | $1.7B | $1.4B | $1.1B | |
Total Assets | $15.4B | $14.1B | $11.4B | $10.4B | $8.3B | |
Accounts Payable | $1B | $1B | $1.2B | $1B | $895M | |
Accrued Expenses | $815M | $844M | $810M | $829M | $752M | |
Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
Other Current Liabilities | -- | -- | -- | -- | -- | |
Total Current Liabilities | $3.3B | $2.8B | $3.3B | $3B | $2.4B | |
Long-Term Debt | $3.8B | $3.7B | $2.7B | $2.7B | $2.8B | |
Capital Leases | -- | -- | -- | -- | -- | |
Total Liabilities | $9.7B | $8.7B | $8.2B | $7.6B | $6.8B | |
Common Stock | $428M | $396M | $156M | $157M | $338M | |
Other Common Equity Adj | -$3.6B | -$3.3B | -$3.5B | -$3.5B | -$3.5B | |
Common Equity | -- | -- | -- | -- | -- | |
Total Preferred Equity | -- | -- | -- | -- | -- | |
Minority Interest, Total | $4M | $17M | $21M | $19M | $14M | |
Total Equity | $5.7B | $5.4B | $3.3B | $2.8B | $1.5B | |
Total Liabilities and Equity | $15.4B | $14.1B | $11.4B | $10.4B | $8.3B | |
Cash and Short Terms | $3.2B | $2.2B | $932M | $532M | $521M | |
Total Debt | $5.1B | $4.3B | $3.7B | $3.6B | $3.3B |
Period Ending | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | |
---|---|---|---|---|---|---|
Net Income to Stockholders | $651M | $192M | -$455M | -$322M | $1M | |
Depreciation & Amoritzation | $430M | $368M | $327M | $270M | $251M | |
Stock-Based Compensation | $50M | $42M | $54M | $75M | $54M | |
Change in Accounts Receivable | $111M | $552M | $61M | -$189M | $609M | |
Change in Inventories | $109M | -$134M | $88M | -$143M | $123M | |
Cash From Operations | $1.3B | $548M | $629M | $159M | $686M | |
Capital Expenditures | $65M | $74M | $68M | $57M | $37M | |
Cash Acquisitions | -$21M | -$173M | -$9M | -$6M | $36M | |
Cash From Investing | $2.1B | -$246M | -$85M | -$78M | -$5M | |
Dividends Paid (Ex Special Dividend) | -$243M | -$230M | -$206M | -$174M | -$165M | |
Special Dividend Paid | ||||||
Long-Term Debt Issued | $10M | $2.4B | $311M | $1.2B | $1.4B | |
Long-Term Debt Repaid | -$960M | -$2.2B | -$519M | -$1.7B | -$1.9B | |
Repurchase of Common Stock | -$600M | -$300M | -$888M | -$113M | -$544M | |
Other Financing Activities | -$41M | -$19M | -$8M | -$6M | -$15M | |
Cash From Financing | -$1.8B | -$416M | -$1.3B | -$822M | -$1.2B | |
Beginning Cash (CF) | $1.1B | $2.8B | $2.7B | $1.9B | $1.1B | |
Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
Additions / Reductions | $1.6B | -$114M | -$766M | -$741M | -$521M | |
Ending Cash (CF) | $2.8B | $2.7B | $1.9B | $1.1B | $617M | |
Levered Free Cash Flow | $1.3B | $474M | $561M | $102M | $649M |
Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
---|---|---|---|---|---|---|
Net Income to Stockholders | $90M | $89M | -$382M | $49M | -$1.2B | |
Depreciation & Amoritzation | $90M | $79M | $65M | $63M | $59M | |
Stock-Based Compensation | $8M | $14M | $13M | $12M | $9M | |
Change in Accounts Receivable | -$65M | -$46M | -$26M | $72M | $147M | |
Change in Inventories | -$49M | $6M | -$41M | $38M | $12M | |
Cash From Operations | $106M | $100M | -$8M | $124M | $116M | |
Capital Expenditures | $18M | $19M | $10M | $12M | $9M | |
Cash Acquisitions | $27M | $37M | -$18M | $37M | $8M | |
Cash From Investing | $9M | $18M | -$33M | $25M | -$7M | |
Dividends Paid (Ex Special Dividend) | -$61M | -$49M | -$43M | -$43M | -$36M | |
Special Dividend Paid | -- | -- | -- | -- | -- | |
Long-Term Debt Issued | $1.8B | $312M | -- | $866M | -- | |
Long-Term Debt Repaid | -$773M | -$236M | -$126M | -$171M | -$42M | |
Repurchase of Common Stock | -$150M | -$87M | -- | -$544M | -- | |
Other Financing Activities | -$10M | $14M | $1M | -$2M | $4M | |
Cash From Financing | $856M | -$46M | -$168M | -$94M | -$74M | |
Beginning Cash (CF) | $2.3B | $2.2B | $1.2B | $569M | $551M | |
Foreign Exchange Rate Adjustment | $12M | -$13M | -$17M | -$7M | $4M | |
Additions / Reductions | $971M | $72M | -$209M | $55M | $35M | |
Ending Cash (CF) | $3.3B | $2.3B | $1B | $617M | $590M | |
Levered Free Cash Flow | $88M | $81M | -$18M | $112M | $107M |
Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
---|---|---|---|---|---|---|
Net Income to Stockholders | $381M | $296M | -$1.1B | $181M | -$1.4B | |
Depreciation & Amoritzation | $370M | $345M | $283M | $254M | $239M | |
Stock-Based Compensation | $41M | $54M | $73M | $52M | $52M | |
Change in Accounts Receivable | $480M | $2M | -- | $312M | $680M | |
Change in Inventories | -$196M | $150M | -$58M | $43M | -$63M | |
Cash From Operations | $751M | $666M | $171M | $483M | $549M | |
Capital Expenditures | $77M | $66M | $55M | $45M | $37M | |
Cash Acquisitions | -$164M | -$8M | -$54M | $71M | $30M | |
Cash From Investing | $2B | -$77M | -$126M | $20M | -$34M | |
Dividends Paid (Ex Special Dividend) | -$236M | -$211M | -$180M | -$174M | -$141M | |
Special Dividend Paid | ||||||
Long-Term Debt Issued | $1.9B | $817M | $753M | $1.3B | $1.4B | |
Long-Term Debt Repaid | -$1.6B | -$1.6B | -$1.3B | -$1.5B | -$1.8B | |
Repurchase of Common Stock | -$382M | -$650M | -$501M | -$544M | -$3M | |
Other Financing Activities | -$27M | -$3M | -$11M | -$13M | -$34M | |
Cash From Financing | -$427M | -$1.6B | -$1.3B | -$886M | -$532M | |
Beginning Cash (CF) | -- | -- | -- | -- | -- | |
Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
Additions / Reductions | $2.3B | -$1B | -$1.2B | -$383M | -$17M | |
Ending Cash (CF) | -- | -- | -- | -- | -- | |
Levered Free Cash Flow | $674M | $600M | $116M | $438M | $512M |
Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
---|---|---|---|---|---|---|
Net Income to Stockholders | $115M | $219M | -$444M | $59M | -$1.3B | |
Depreciation & Amoritzation | $272M | $249M | $205M | $189M | $177M | |
Stock-Based Compensation | $32M | $44M | $63M | $40M | $38M | |
Change in Accounts Receivable | $553M | $3M | -$58M | $443M | $514M | |
Change in Inventories | -$274M | $10M | -$136M | $50M | -$136M | |
Cash From Operations | $313M | $431M | -$27M | $297M | $160M | |
Capital Expenditures | $60M | $52M | $39M | $27M | $27M | |
Cash Acquisitions | -$164M | $1M | -$44M | $33M | $27M | |
Cash From Investing | -$223M | -$54M | -$95M | $3M | -$26M | |
Dividends Paid (Ex Special Dividend) | -$176M | -$157M | -$131M | -$131M | -$107M | |
Special Dividend Paid | -- | -- | -- | -- | -- | |
Long-Term Debt Issued | $1.9B | $312M | $754M | $866M | $906M | |
Long-Term Debt Repaid | -$1.1B | -$445M | -$1.3B | -$997M | -$913M | |
Repurchase of Common Stock | -$150M | -$500M | -$113M | -$544M | -$3M | |
Other Financing Activities | -$19M | -$3M | -$6M | -$13M | -$32M | |
Cash From Financing | $424M | -$793M | -$755M | -$819M | -$149M | |
Beginning Cash (CF) | $7.8B | $7.4B | $4.9B | $2.4B | $1.9B | |
Foreign Exchange Rate Adjustment | -$12M | -$13M | -$31M | -$3M | -$12M | |
Additions / Reductions | $514M | -$416M | -$877M | -$519M | -$15M | |
Ending Cash (CF) | $8.3B | $6.9B | $4B | $1.9B | $1.9B | |
Levered Free Cash Flow | $253M | $379M | -$66M | $270M | $133M |
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