Moody's Q3 2026 Earnings: The $4.24 Quarter Built on a $115M Divestiture Gain
Moody's Q3 2026 revenue rose 1% to $2.02B while diluted EPS jumped 18% to $4.24 — a $115M divestiture gain and buybacks did the work; adjusted EPS grew 6%.
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Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
Market Cap vs. Enterprise Value: Why Share Price Times Shares Outstanding Misses Debt and Cash
Enterprise value adds debt and subtracts cash from market cap, giving the theoretical takeover price buyers actually negotiate from.
LIFO Reserve and LIFO Liquidation, Explained: The Footnote That Restates LIFO Inventory to FIFO
The LIFO reserve is FIFO inventory minus LIFO inventory; liquidating old layers books phantom profit that Section 472 still taxes in full.
Las Vegas Sands Q3 2026 Earnings: The $3.2B Quarter the House Didn't Win
Las Vegas Sands Q3 2026 revenue fell 3.5% to $3.22B and net income 27% to $304M — Marina Bay Sands mass hold sank to 18.7% even as table drop rose 12.6%.
Joint Costs and the Split-Off Point, Explained: How Makers Allocate Shared Production Costs
Joint costs split at the split-off point by physical units, sales value, or NRV — but sell-or-process-further decisions must use incremental dollars only.
Internal Rate of Return (IRR), Explained: The Discount Rate That Zeros Out NPV, the Hurdle-Rate Rule, and the Traps
IRR is the discount rate that zeroes a project's NPV — accept only above your cost of capital, and cross-check high readings with MIRR.
Honeywell Q3 2026 Earnings: $5.0B Sales and a 640bp Margin Jump After the Breakup
Honeywell's first post-breakup quarter: Q3 2026 sales of $5.0B grew 7% organically, operating margin jumped 640bp to 14.8% and adjusted EPS rose 34%.
DuPont Analysis, Explained: Splitting ROE Into Margin, Turnover, and Leverage
DuPont analysis splits ROE into profit margin × asset turnover × leverage — so a rising return you cannot trace to operations reads as borrowed, not earned.
Dow Q3 2026 Earnings: A 14% Pricing Quarter With a Volume Problem
Dow Q3 2026 sales rose 13% to $11.3B on a 14% price gain while volume fell 1%; operating EPS swung to $0.71 and free cash flow doubled to $1.13B.
Dividend Yield vs. Payout Ratio: What Each Formula Tells You, Why a Soaring Yield Can Signal a Cut, and Where Special Dividends Fit
Yield is dividends over price; payout ratio is dividends over earnings. A soaring yield with coverage above 100% usually means the price fell ahead of a cut.
Deed in Lieu of Foreclosure, Explained: How Owners Hand the Keys to the Lender and Skip the Auction
A deed in lieu ends the mortgage without an auction, but the IRS taxes forgiven debt as income — get the deficiency waiver in writing first.
Danaher Q3 2026 Earnings: The $6.6B Quarter That Masimo Built
Danaher Q3 2026 revenue rose 8.3% to $6.55B, mostly on Masimo; $291M of tax benefits lifted net income 36%, just 4% without them. EPS guide: $8.57–$8.62.