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 | $1.7B | $1.8B | $1.8B | $4.5B | $8.8B | |
Revenue Growth (YoY) | 9.35% | 7.21% | 0.99% | 146.25% | 93.46% | |
Cost of Revenues | -- | -- | -- | -- | -- | |
Gross Profit | -- | -- | -- | -- | -- | |
Gross Profit Margin | -- | -- | -- | -- | -- | |
R&D Expenses | -- | -- | -- | -- | -- | |
Selling, General & Admin | $703.1M | $745M | $783M | $1.7B | $3.1B | |
Other Inc / (Exp) | $27.7M | $89M | $67M | -$3M | -$37M | |
Operating Expenses | $702.3M | $743M | $766M | $2.3B | $12.9B | |
Operating Income | -- | -- | -- | -- | -- | |
Net Interest Expenses | -- | -- | -- | -- | -- | |
EBT. Incl. Unusual Items | $592M | $618M | $701M | $1.4B | $12.1B | |
Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
Income Tax Expense | $134.7M | $126M | $154M | $264M | $611M | |
Net Income to Company | $457.4M | $492M | $547M | $1.1B | $11.5B | |
Minority Interest in Earnings | -- | -- | -- | -- | -- | |
Net Income to Common Excl Extra Items | $457.4M | $492M | $547M | $1.1B | $11.5B | |
Basic EPS (Cont. Ops) | $41.05 | $47.50 | $53.88 | $67.47 | $785.14 | |
Diluted EPS (Cont. Ops) | $41.05 | $47.50 | $53.88 | $67.40 | $784.51 | |
Weighted Average Basic Share | $11.1M | $10.1M | $9.8M | $15.5M | $14.5M | |
Weighted Average Diluted Share | $11.1M | $10.1M | $9.8M | $15.5M | $14.5M | |
EBITDA | -- | -- | -- | -- | -- | |
EBIT | $684.7M | $714M | $762M | $1.8B | $15.8B | |
Revenue (Reported) | $1.7B | $1.8B | $1.8B | $4.5B | $8.8B | |
Operating Income (Reported) | -- | -- | -- | -- | -- | |
Operating Income (Adjusted) | $684.7M | $714M | $762M | $1.8B | $15.8B |
Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
---|---|---|---|---|---|---|
Revenue | $462.3M | $455M | $1.2B | $2.6B | $2.4B | |
Revenue Growth (YoY) | 7.49% | -1.58% | 163.3% | 115.61% | -5.5% | |
Cost of Revenues | -- | -- | -- | -- | -- | |
Gross Profit | -- | -- | -- | -- | -- | |
Gross Profit Margin | -- | -- | -- | -- | -- | |
R&D Expenses | -- | -- | -- | -- | -- | |
Selling, General & Admin | $181.3M | $200M | $425M | $836M | $898M | |
Other Inc / (Exp) | $18.7M | $11M | -$2M | -$13M | $13M | |
Operating Expenses | $177.7M | $196M | $487M | $849M | $971M | |
Operating Income | -- | -- | -- | -- | -- | |
Net Interest Expenses | -- | -- | -- | -- | -- | |
EBT. Incl. Unusual Items | $178.5M | $158M | $408M | $997M | $873M | |
Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
Income Tax Expense | $35.8M | $34M | $93M | $245M | $234M | |
Net Income to Company | $142.7M | $124M | $315M | $752M | $639M | |
Minority Interest in Earnings | -- | -- | -- | -- | -- | |
Net Income to Common Excl Extra Items | $142.7M | $124M | $315M | $752M | $639M | |
Basic EPS (Cont. Ops) | $14.03 | $12.17 | $19.27 | $50.71 | $43.42 | |
Diluted EPS (Cont. Ops) | $14.03 | $12.17 | $19.25 | $50.67 | $43.42 | |
Weighted Average Basic Share | $9.8M | $9.8M | $15.7M | $14.5M | $14.4M | |
Weighted Average Diluted Share | $9.8M | $9.8M | $15.7M | $14.5M | $14.4M | |
EBITDA | -- | -- | -- | -- | -- | |
EBIT | $199.2M | $174M | $519M | $2.1B | $2.2B | |
Revenue (Reported) | $462.3M | $455M | $1.2B | $2.6B | $2.4B | |
Operating Income (Reported) | -- | -- | -- | -- | -- | |
Operating Income (Adjusted) | $199.2M | $174M | $519M | $2.1B | $2.2B |
Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
---|---|---|---|---|---|---|
Revenue | $1.8B | $1.9B | $3.8B | $7.5B | $9.5B | |
Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
Cost of Revenues | -- | -- | -- | -- | -- | |
Gross Profit | -- | -- | -- | -- | -- | |
Gross Profit Margin | -- | -- | -- | -- | -- | |
R&D Expenses | -- | -- | -- | -- | -- | |
Selling, General & Admin | $746.6M | $776.8M | $1.5B | $2.7B | $3.5B | |
Other Inc / (Exp) | $72.8M | $87.6M | -$2M | -$44M | $16M | |
Operating Expenses | $727M | $760.9M | $2B | $12.6B | $3.6B | |
Operating Income | -- | -- | -- | -- | -- | |
Net Interest Expenses | -- | -- | -- | -- | -- | |
EBT. Incl. Unusual Items | $574.7M | $722.8M | $1.1B | $11.8B | $3.6B | |
Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
Income Tax Expense | $119.2M | $160.5M | $159M | $547M | $978M | |
Net Income to Company | $455.5M | $562.4M | $964M | $11.2B | $2.6B | |
Minority Interest in Earnings | -- | -- | -- | -- | -- | |
Net Income to Common Excl Extra Items | $455.5M | $562.4M | $964M | $11.2B | $2.6B | |
Basic EPS (Cont. Ops) | $43.78 | $55.38 | $62.93 | $767.54 | $174.59 | |
Diluted EPS (Cont. Ops) | $43.78 | $55.38 | $62.90 | $766.88 | $174.55 | |
Weighted Average Basic Share | ||||||
Weighted Average Diluted Share | ||||||
EBITDA | -- | -- | -- | -- | -- | |
EBIT | $679.3M | $788.1M | $1.4B | $14.5B | $8.7B | |
Revenue (Reported) | $1.8B | $1.9B | $3.8B | $7.5B | $9.5B | |
Operating Income (Reported) | -- | -- | -- | -- | -- | |
Operating Income (Adjusted) | $679.3M | $788.1M | $1.4B | $14.5B | $8.7B |
Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
---|---|---|---|---|---|---|
Revenue | $1.3B | $1.4B | $3.3B | $6.3B | $7.2B | |
Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
Cost of Revenues | -- | -- | -- | -- | -- | |
Gross Profit | -- | -- | -- | -- | -- | |
Gross Profit Margin | -- | -- | -- | -- | -- | |
R&D Expenses | -- | -- | -- | -- | -- | |
Selling, General & Admin | $549.2M | $581M | $1.3B | $2.2B | $2.6B | |
Other Inc / (Exp) | $65.4M | $64M | -$5M | -$46M | $7M | |
Operating Expenses | $537.1M | $570M | $1.8B | $12.1B | $2.8B | |
Operating Income | -- | -- | -- | -- | -- | |
Net Interest Expenses | -- | -- | -- | -- | -- | |
EBT. Incl. Unusual Items | $443.2M | $548M | $970M | $11.4B | $2.9B | |
Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
Income Tax Expense | $89.5M | $124M | $129M | $412M | $779M | |
Net Income to Company | $353.6M | $424M | $841M | $11B | $2.1B | |
Minority Interest in Earnings | -- | -- | -- | -- | -- | |
Net Income to Common Excl Extra Items | $353.6M | $424M | $841M | $11B | $2.1B | |
Basic EPS (Cont. Ops) | $34.23 | $41.79 | $50.84 | $750.83 | $140.23 | |
Diluted EPS (Cont. Ops) | $34.23 | $41.79 | $50.81 | $750.18 | $140.22 | |
Weighted Average Basic Share | $30.4M | $29.4M | $47.5M | $43.6M | $43.4M | |
Weighted Average Diluted Share | $30.4M | $29.4M | $47.5M | $43.6M | $43.4M | |
EBITDA | -- | -- | -- | -- | -- | |
EBIT | $520.9M | $595M | $1.2B | $13.8B | $6.8B | |
Revenue (Reported) | $1.3B | $1.4B | $3.3B | $6.3B | $7.2B | |
Operating Income (Reported) | -- | -- | -- | -- | -- | |
Operating Income (Adjusted) | $520.9M | $595M | $1.2B | $13.8B | $6.8B |
Period Ending | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | |
---|---|---|---|---|---|---|
Cash and Equivalents | $376.7M | $362M | $9.5B | $5.5B | $34.5B | |
Short Term Investments | $8.2B | $11.4B | $9.2B | $9B | $19.9B | |
Accounts Receivable, Net | -- | -- | $134M | $329M | $832M | |
Inventory | -- | -- | -- | -- | -- | |
Prepaid Expenses | -- | $40.5M | -- | -- | -- | |
Other Current Assets | -- | -- | -- | -- | -- | |
Total Current Assets | $8.7B | $12B | $19.9B | $17.6B | $58.8B | |
Property Plant And Equipment | $1.2B | $1.3B | $1.3B | $10B | $11B | |
Long-Term Investments | $8.3B | $14.4B | $13.3B | $20.2B | $32.2B | |
Goodwill | $349.4M | $350.3M | $346M | $346M | $346M | |
Other Intangibles | $68.3M | $50.8M | $42M | $165M | $337M | |
Other Long-Term Assets | -- | -- | -- | -- | -- | |
Total Assets | $39.8B | $50B | $58.3B | $109.3B | $213.8B | |
Accounts Payable | -- | -- | -- | $57M | $137M | |
Accrued Expenses | -- | -- | -- | $275M | $397M | |
Current Portion Of Long-Term Debt | -- | -- | -- | $1.8B | -- | |
Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
Other Current Liabilities | -- | -- | -- | -- | -- | |
Total Current Liabilities | $555.4M | $657.1M | $589M | $2.5B | $1B | |
Long-Term Debt | $883.9M | $1.2B | $1.2B | $4.5B | $37.2B | |
Capital Leases | -- | -- | -- | -- | -- | |
Total Liabilities | $36.2B | $45.7B | $53.6B | $99.6B | $192.5B | |
Common Stock | $10.6M | $349.8M | $350M | $896M | $896M | |
Other Common Equity Adj | -$126.7M | $12.3M | $10M | -$735M | -$491M | |
Common Equity | $3.6B | $3.9B | $4.4B | $8.8B | $20.4B | |
Total Preferred Equity | -- | -- | -- | -- | -- | |
Minority Interest, Total | -- | -- | -- | -- | -- | |
Total Equity | $3.6B | $4.2B | $4.7B | $9.7B | $21.3B | |
Total Liabilities and Equity | $39.8B | $50B | $58.3B | $109.3B | $213.8B | |
Cash and Short Terms | $8.5B | $11.7B | $18.7B | $14.5B | $54.5B | |
Total Debt | $883.9M | $1.2B | $1.2B | $6.2B | $37.2B |
Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
---|---|---|---|---|---|---|
Cash and Equivalents | $352.4M | $337.5M | $6.7B | $37.5B | $26.5B | |
Short Term Investments | $12.2B | $17.2B | $9.1B | $16.7B | $28.2B | |
Accounts Receivable, Net | -- | -- | -- | $833M | $904M | |
Inventory | -- | -- | -- | -- | -- | |
Prepaid Expenses | -- | -- | -- | -- | -- | |
Other Current Assets | -- | -- | -- | -- | -- | |
Total Current Assets | $12.7B | $17.7B | $17.9B | $59.1B | $59.1B | |
Property Plant And Equipment | $1.3B | $1.2B | $9.4B | $10.8B | $11.5B | |
Long-Term Investments | $13B | $20.8B | $18.8B | $28.9B | $41B | |
Goodwill | $350.3M | $350.3M | $346M | $346M | $346M | |
Other Intangibles | $54.2M | $44.1M | $145M | $354M | $292M | |
Other Long-Term Assets | -- | -- | -- | -- | -- | |
Total Assets | $48.7B | $56.9B | $109.3B | $213.8B | $220.6B | |
Accounts Payable | -- | -- | -- | $146M | $149M | |
Accrued Expenses | -- | -- | -- | $462M | $265M | |
Current Portion Of Long-Term Debt | -- | -- | $2.6B | -- | -- | |
Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
Other Current Liabilities | -- | -- | -- | -- | -- | |
Total Current Liabilities | $709.2M | $663.6M | $3.1B | $1.1B | $805M | |
Long-Term Debt | $1.3B | $1.2B | $5.2B | $37.3B | $36.8B | |
Capital Leases | -- | -- | -- | -- | -- | |
Total Liabilities | $44.6B | $52.3B | $99.5B | $193.4B | $197.7B | |
Common Stock | $349.8M | $349.8M | $896M | $896M | $895M | |
Other Common Equity Adj | -$13.8M | -$32.1M | -$729M | -$880M | -$159M | |
Common Equity | -- | -- | -- | -- | -- | |
Total Preferred Equity | -- | -- | -- | -- | -- | |
Minority Interest, Total | -- | -- | -- | -- | -- | |
Total Equity | $4.1B | $4.6B | $9.8B | $20.4B | $22.8B | |
Total Liabilities and Equity | $48.7B | $56.9B | $109.3B | $213.8B | $220.6B | |
Cash and Short Terms | $12.5B | $17.6B | $15.7B | $54.2B | $54.7B | |
Total Debt | $1.3B | $1.2B | $7.8B | $37.3B | $36.8B |
Period Ending | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | |
---|---|---|---|---|---|---|
Net Income to Stockholders | $457.4M | $492M | $547M | $1.1B | $11.5B | |
Depreciation & Amoritzation | $127.7M | $133M | $143M | $533M | -$57M | |
Stock-Based Compensation | -- | -- | -- | $19M | $5M | |
Change in Accounts Receivable | -$4.2M | -- | -- | -- | -- | |
Change in Inventories | -- | -- | -- | -- | -- | |
Cash From Operations | $578.2M | $376M | -$284M | $2.8B | $2.7B | |
Capital Expenditures | $121.1M | $133M | $107M | $926M | $1.4B | |
Cash Acquisitions | -$236.7M | -$60M | -- | $134M | $810M | |
Cash From Investing | -$1.6B | -$9.9B | -$7.6B | $75M | $2.4B | |
Dividends Paid (Ex Special Dividend) | -$18.1M | -$30M | -$42M | -$83M | -$117M | |
Special Dividend Paid | ||||||
Long-Term Debt Issued | $200M | $746M | -- | $7B | $10.5B | |
Long-Term Debt Repaid | -$101M | -$184M | -$106M | -$6.6B | -$15.4B | |
Repurchase of Common Stock | -$453.1M | -$334M | -- | -$1.2B | -- | |
Other Financing Activities | -- | -- | -- | -$24M | -$7M | |
Cash From Financing | $1.1B | $9.5B | $7.8B | -$2.7B | -$4.7B | |
Beginning Cash (CF) | $327.4M | $377M | $362M | $338M | $518M | |
Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
Additions / Reductions | $49.3M | -$15M | -$24M | $180M | $390M | |
Ending Cash (CF) | $376.7M | $362M | $338M | $518M | $908M | |
Levered Free Cash Flow | $457.2M | $243M | -$391M | $1.9B | $1.2B |
Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
---|---|---|---|---|---|---|
Net Income to Stockholders | $142.7M | $124M | $315M | $752M | $639M | |
Depreciation & Amoritzation | $33.5M | $35M | $136M | -$102M | $42M | |
Stock-Based Compensation | -- | -- | $3M | $1M | -- | |
Change in Accounts Receivable | $23.8M | -- | -- | -- | -- | |
Change in Inventories | -- | -- | -- | -- | -- | |
Cash From Operations | $115.5M | $154M | $506M | $1.2B | $991M | |
Capital Expenditures | $35.8M | $21M | $167M | $298M | $471M | |
Cash Acquisitions | -- | -- | -- | -$69M | -- | |
Cash From Investing | -$811.6M | -$1.8B | -$1.9B | -$3.8B | -$301M | |
Dividends Paid (Ex Special Dividend) | -$8.6M | -$9M | -$20M | -$26M | -$38M | |
Special Dividend Paid | -- | -- | -- | -- | -- | |
Long-Term Debt Issued | -$1K | -$51M | $4.6B | -- | -- | |
Long-Term Debt Repaid | -$6.8M | -$5M | -$653M | -$2.4B | -$316M | |
Repurchase of Common Stock | -$50.8M | -- | -$792M | -- | -$700M | |
Other Financing Activities | -- | -- | -$3M | $1M | -$4M | |
Cash From Financing | $659.3M | $1.6B | $1.3B | $2.4B | -$592M | |
Beginning Cash (CF) | $389.2M | $395M | $583M | $917M | $764M | |
Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
Additions / Reductions | -$36.8M | -$57M | -$102M | -$125M | $98M | |
Ending Cash (CF) | $352.4M | $338M | $481M | $791M | $862M | |
Levered Free Cash Flow | $79.7M | $133M | $339M | $907M | $520M |
Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
---|---|---|---|---|---|---|
Net Income to Stockholders | $455.5M | $562.4M | $964M | $11.2B | $2.6B | |
Depreciation & Amoritzation | $132.5M | $135.2M | $440M | $122M | -$9M | |
Stock-Based Compensation | -- | -- | $17M | $6M | $1M | |
Change in Accounts Receivable | $4.8M | -- | -- | -- | -- | |
Change in Inventories | -- | -- | -- | -- | -- | |
Cash From Operations | $395.3M | -$251.3M | $1.9B | $2.8B | $2.8B | |
Capital Expenditures | $130.3M | $106.5M | $580M | $1.4B | $1.5B | |
Cash Acquisitions | -$222.9M | -$1K | $134M | $810M | -- | |
Cash From Investing | -$9.1B | -$7.5B | -$554M | $2.1B | -$6.8B | |
Dividends Paid (Ex Special Dividend) | -$26.2M | -$40.2M | -$68M | -$103M | -$155M | |
Special Dividend Paid | ||||||
Long-Term Debt Issued | $845.8M | $151K | $6.3B | $11.2B | $1M | |
Long-Term Debt Repaid | -$1.4M | -$130.3M | -$4.3B | -$17.7B | -$452M | |
Repurchase of Common Stock | -$465.6M | -- | -- | -- | -- | |
Other Financing Activities | -- | -- | -- | -$6M | -$15M | |
Cash From Financing | $8.8B | $7.7B | -$1.2B | -$4.6B | $4.1B | |
Beginning Cash (CF) | -- | -- | -- | -- | -- | |
Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
Additions / Reductions | $63.5M | -$14.7M | $143M | $310M | $71M | |
Ending Cash (CF) | -- | -- | -- | -- | -- | |
Levered Free Cash Flow | $265M | -$357.8M | $1.3B | $1.4B | $1.3B |
Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
---|---|---|---|---|---|---|
Net Income to Stockholders | $353.6M | $424M | $841M | $11B | $2.1B | |
Depreciation & Amoritzation | $99.8M | $102M | $399M | -$12M | $36M | |
Stock-Based Compensation | -- | -- | $17M | $4M | -- | |
Change in Accounts Receivable | -$28M | -- | -- | -- | -- | |
Change in Inventories | -- | -- | -- | -- | -- | |
Cash From Operations | $216.3M | -$411M | $1.7B | $1.8B | $1.9B | |
Capital Expenditures | $98.5M | $72M | $545M | $1B | $1.1B | |
Cash Acquisitions | -$60M | -- | $134M | $810M | -- | |
Cash From Investing | -$8.6B | -$6.2B | $805M | $2.8B | -$6.4B | |
Dividends Paid (Ex Special Dividend) | -$21.8M | -$32M | -$58M | -$78M | -$116M | |
Special Dividend Paid | -- | -- | -- | -- | -- | |
Long-Term Debt Issued | $745.8M | -- | $6.3B | $10.5B | -- | |
Long-Term Debt Repaid | -$82.7M | -$29M | -$4.2B | -$15.3B | -$348M | |
Repurchase of Common Stock | -$333.8M | -- | -$792M | -- | -$700M | |
Other Financing Activities | -- | -- | -$24M | -$6M | -$14M | |
Cash From Financing | $8.4B | $6.6B | -$2.4B | -$4.3B | $4.5B | |
Beginning Cash (CF) | $1.2B | $1.2B | $1.4B | $3B | $2.4B | |
Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
Additions / Reductions | -$24.3M | -$24M | $143M | $273M | -$46M | |
Ending Cash (CF) | $1.2B | $1.1B | $1.6B | $3.3B | $2.3B | |
Levered Free Cash Flow | $117.8M | -$483M | $1.2B | $747M | $775M |
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