RMR Group (RMR) FY2018 results: revenue $405 million, up 49.0% on the year
RMR Group Inc. (RMR) reported revenue of $405 million for fiscal 2018, the year ended 30 September 2018, up 49.0% on the year before. Net income was $96 million, up 127.1%, and diluted earnings per share $5.92. The figures are the company's own, from the 10-K it filed with the SEC on 3 December 2018.
Revenue
$405 million
+49.0% on the year
FY2014FY2018
Operating margin
62.2%
49.9% a year earlier
FY2014FY2018
Net income
$96 million
+127.1% on the year
FY2014FY2018
Diluted EPS
$5.92
+125.1% on the year
FY2014FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
405
272
267
+49.0%
Cost of revenue
n/a
99.8
92.0
Gross profit
n/a
172
175
Gross margin
n/a
63.3%
65.5%
Operating income
252
136
147
+85.9%
Operating margin
62.2%
49.9%
55.0%
Pre-tax income
276
137
147
+101.5%
Income tax
58.9
28.3
24.6
+108.4%
Effective tax rate
21.3%
20.6%
16.7%
Net income
96.0
42.3
37.2
+127.1%
Net margin
23.7%
15.6%
14.0%
Diluted EPS
$5.92
$2.63
$2.33
+125.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
228
126
99.7
+81.4%
Capital expenditure
0.6
0.8
1.1
-21.6%
Free cash flow
228
125
98.7
+82.1%
Free cash flow margin
56.3%
46.0%
37.0%
Cash from investing
-0.6
-12.8
-3.5
Cash from financing
-79.6
-70.3
-64.9
Depreciation and amortisation
1.2
2.0
1.8
-38.8%
Share-based compensation
10.4
7.1
8.6
+46.2%
Buybacks
1.0
0.4
0.1
+175.7%
Dividends paid
16.2
16.1
17.2
+0.5%
Diluted shares, weighted
16m
16m
16m
+0.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
233
150
122
+55.7%
Non-controlling interest
202
140
125
+44.1%
Debt
0.0
0.0
0.0
Other liabilities
64.4
94.1
91.1
-31.6%
Total liabilities and equity
499
384
338
+30.1%
Fixed assets
2.6
3.3
3.8
-21.0%
Goodwill
1.9
1.9
2.3
0.0%
Intangible assets
0.4
0.5
1.1
-18.8%
Cash and equivalents
257
109
65.8
+136.4%
Other assets
237
269
265
-11.9%
Total assets
499
384
338
+30.1%
10-K for the year ended 30 September 2018, filed 3 December 2018: the filing.