"Our commitment to enhancing our digital offerings continues to resonate well with our customers, driving not just loyalty but also attracting new business."
— Jeffrey Brown (CEO)
03Detailed Report
0HD0.L
Ally Financial Inc
Period
Q3 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 24, 2026
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Executive Summary
Ally Financial Inc reported a strong performance in the third quarter of 2024, posting revenues of $4.18 billion, an increase of 3.9% year-over-year and 3.67% quarter-over-quarter. Net income surged to $357 million, reflecting a 20.61% increase from the previous year and a significant 21.43% increase from the prior quarter. This robust performance was driven by strategic growth in automotive and insurance operations, despite ongoing market pressures and competition. Management's commentary emphasized a commitment to enhancing digital offerings and maintaining capital discipline in a dynamic financial landscape, providing a positive outlook for sustained growth.
Key Performance Indicators
Revenue
Increasing
4.18B
QoQ: 3.67% | YoY: 3.90%
Gross Profit
Decreasing
1.65B
39.46% margin
QoQ: -3.45% | YoY: -0.90%
Operating Income
Increasing
233.00M
QoQ: -9.34% | YoY: 2.19%
Net Income
Increasing
357.00M
QoQ: 21.43% | YoY: 20.61%
EPS
Increasing
1.07
QoQ: 22.99% | YoY: 21.59%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue Performance: Q3 2024 revenues were $4.18 billion, representing a 3.9% increase year-over-year (YoY) and a 3.67% increase quarter-over-quarter (QoQ).
Net Income: The net income for Q3 2024 was $357 million, marking a 20.61% YoY growth and a 21.43% rise from Q2 2024.
Earnings Per Share (EPS): Reported EPS came in at $1.07, which is a 21.59% increase YoY and 22.99% QoQ.
Gross Profit: The gross profit of $1.65 billion showed a slight decline YoY by 0.9% and a significant decrease QoQ of 3.45%, attributed to higher cost of revenues observed at $2.53 billion.
Operating Income: Operating income reached $233 million, exhibiting a 2.19% increase YoY but a notable decrease of 9.34% QoQ.
Key Ratios: The net profit margin improved to 8.54%, and the return on equity stood at 2.42%.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
4.18B
3.90%
3.67%
Gross Profit
1.65B
-0.90%
-3.45%
Operating Income
233.00M
2.19%
-9.34%
Net Income
357.00M
20.61%
21.43%
EPS
1.07
21.59%
22.99%
Key Financial Ratios
Gross Profit Margin
Weak
1.00%
Gross profit margin is below industry norms, profitability concerns
Operating Profit Margin
Fair
5.08%
Operating margin is moderate, room for improvement in cost management
Net Profit Margin
Fair
8.52%
Net profit margin is moderate, room for improvement in cost management
Return on Assets
Weak
0.19%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
2.42%
Return on equity suggests inefficient capital allocation
Current Ratio
Adequate
1.29
Current ratio meets minimum requirements but limited cushion
Debt to Equity
High Risk
1.26
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Value
7.61x
P/E ratio suggests potential undervaluation or stable earnings
Price to Book
Undervalued
0.74x
Trading below book value, potential value opportunity or distressed
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