RMR Group (RMR) FY2019 results: revenue $713 million, up 76.1% on the year
RMR Group Inc. (RMR) reported revenue of $713 million for fiscal 2019, the year ended 30 September 2019, up 76.1% on the year before. Net income was $75 million, down 22.3%, and diluted earnings per share $4.59. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2019.
Revenue
$713 million
+76.1% on the year
FY2014FY2019
Operating margin
27.7%
62.2% a year earlier
FY2014FY2019
Net income
$75 million
-22.3% on the year
FY2014FY2019
Diluted EPS
$4.59
-22.5% on the year
FY2014FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
713
405
272
+76.1%
Cost of revenue
n/a
n/a
99.8
Gross profit
n/a
n/a
172
Gross margin
n/a
n/a
63.3%
Operating income
198
252
136
-21.5%
Operating margin
27.7%
62.2%
49.9%
Pre-tax income
196
276
137
-28.9%
Income tax
27.3
58.9
28.3
-53.6%
Effective tax rate
13.9%
21.3%
20.6%
Net income
74.6
96.0
42.3
-22.3%
Net margin
10.5%
23.7%
15.6%
Diluted EPS
$4.59
$5.92
$2.63
-22.5%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
198
228
126
-13.2%
Capital expenditure
0.7
0.6
0.8
+8.3%
Free cash flow
198
228
125
-13.3%
Free cash flow margin
27.7%
56.3%
46.0%
Cash from investing
-14.7
-0.6
-12.8
Cash from financing
-81.8
-79.6
-70.3
Depreciation and amortisation
1.0
1.2
2.0
-18.5%
Share-based compensation
9.0
10.4
7.1
-13.3%
Buybacks
0.8
1.0
0.4
-16.2%
Dividends paid
22.7
16.2
16.1
+40.6%
Diluted shares, weighted
16m
16m
16m
+0.1%
Shares outstanding at period end
15m
n/a
n/a
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
289
233
150
+24.0%
Non-controlling interest
240
202
140
+19.1%
Debt
n/a
0.0
0.0
Other liabilities
132
64.4
94.1
+104.7%
Total liabilities and equity
661
499
384
+32.4%
Fixed assets
2.4
2.6
3.3
-8.0%
Goodwill
1.9
1.9
1.9
0.0%
Intangible assets
0.3
0.4
0.5
-13.9%
Cash and equivalents
358
257
109
+39.6%
Other assets
298
237
269
+25.5%
Total assets
661
499
384
+32.4%
10-K for the year ended 30 September 2019, filed 22 November 2019: the filing.