RMR Group (RMR) FY2021 results: revenue $607 million, up 3.0% on the year
RMR Group Inc. (RMR) reported revenue of $607 million for fiscal 2021, the year ended 30 September 2021, up 3.0% on the year before. Net income was $36 million, up 24.0%, and diluted earnings per share $2.15. The figures are the company's own, from the 10-K it filed with the SEC on 15 November 2021.
Revenue
$607 million
+3.0% on the year
FY2014FY2021
Operating margin
11.9%
11.7% a year earlier
FY2014FY2021
Net income
$36 million
+24.0% on the year
FY2014FY2021
Diluted EPS
$2.15
+22.9% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
607
590
713
+3.0%
Operating income
72.1
68.7
198
+4.9%
Operating margin
11.9%
11.7%
27.7%
Pre-tax income
94.2
77.9
196
+20.9%
Income tax
13.2
11.6
27.3
+13.9%
Effective tax rate
14.0%
14.8%
13.9%
Net income
35.7
28.8
74.6
+24.0%
Net margin
5.9%
4.9%
10.5%
Diluted EPS
$2.15
$1.75
$4.59
+22.9%
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
71.8
77.5
198
-7.4%
Capital expenditure
1.1
0.6
0.7
+90.0%
Free cash flow
70.7
76.9
198
-8.1%
Free cash flow margin
11.6%
13.0%
27.7%
Cash from investing
-1.1
-5.9
-14.7
Cash from financing
-280
-60.4
-81.8
Depreciation and amortisation
1.0
1.0
1.0
+0.5%
Share-based compensation
12.0
7.8
9.0
+53.6%
Buybacks
0.8
0.5
0.8
+59.5%
Dividends paid
140
24.8
22.7
+463.9%
Diluted shares, weighted
31m
31m
16m
+0.3%
Shares outstanding at period end
15m
15m
15m
0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
195
296
289
-34.1%
Non-controlling interest
153
245
240
-37.7%
Debt
0.0
0.0
n/a
Operating lease liabilities
29.1
32.0
n/a
-9.0%
Other liabilities
121
117
132
+3.2%
Total liabilities and equity
498
690
661
-27.9%
Fixed assets
2.2
2.3
2.4
-3.5%
Goodwill
1.9
1.9
1.9
0.0%
Intangible assets
0.2
0.3
0.3
-15.2%
Cash and equivalents
160
370
358
-56.8%
Other assets
334
316
298
+5.6%
Total assets
498
690
661
-27.9%
10-K for the year ended 30 September 2021, filed 15 November 2021: the filing.