RMR Group (RMR) FY2020 results: revenue $590 million, down 17.4% on the year
RMR Group Inc. (RMR) reported revenue of $590 million for fiscal 2020, the year ended 30 September 2020, down 17.4% on the year before. Net income was $29 million, down 61.4%, and diluted earnings per share $1.75. The figures are the company's own, from the 10-K it filed with the SEC on 20 November 2020.
Revenue
$590 million
-17.4% on the year
FY2014FY2020
Operating margin
11.7%
27.7% a year earlier
FY2014FY2020
Net income
$29 million
-61.4% on the year
FY2014FY2020
Diluted EPS
$1.75
-61.9% on the year
FY2014FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
590
713
405
-17.4%
Operating income
68.7
198
252
-65.2%
Operating margin
11.7%
27.7%
62.2%
Pre-tax income
77.9
196
276
-60.3%
Income tax
11.6
27.3
58.9
-57.7%
Effective tax rate
14.8%
13.9%
21.3%
Net income
28.8
74.6
96.0
-61.4%
Net margin
4.9%
10.5%
23.7%
Diluted EPS
$1.75
$4.59
$5.92
-61.9%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
77.5
198
228
-60.9%
Capital expenditure
0.6
0.7
0.6
-14.4%
Free cash flow
76.9
198
228
-61.1%
Free cash flow margin
13.0%
27.7%
56.3%
Cash from investing
-5.9
-14.7
-0.6
Cash from financing
-60.4
-81.8
-79.6
Depreciation and amortisation
1.0
1.0
1.2
-4.8%
Share-based compensation
7.8
9.0
10.4
-13.4%
Buybacks
0.5
0.8
1.0
-36.8%
Dividends paid
24.8
22.7
16.2
+9.1%
Diluted shares, weighted
31m
16m
16m
+93.2%
Shares outstanding at period end
15m
15m
n/a
0.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
296
289
233
+2.5%
Non-controlling interest
245
240
202
+1.9%
Debt
0.0
n/a
0.0
Operating lease liabilities
32.0
n/a
n/a
Other liabilities
117
132
64.4
-11.0%
Total liabilities and equity
690
661
499
+4.5%
Fixed assets
2.3
2.4
2.6
-3.5%
Goodwill
1.9
1.9
1.9
0.0%
Intangible assets
0.3
0.3
0.4
-14.2%
Cash and equivalents
370
358
257
+3.1%
Other assets
316
298
237
+6.2%
Total assets
690
661
499
+4.5%
10-K for the year ended 30 September 2020, filed 20 November 2020: the filing.