RMR Group (RMR) FY2023 results: revenue $962 million, up 15.6% on the year
RMR Group Inc. (RMR) reported revenue of $962 million for fiscal 2023, the year ended 30 September 2023, up 15.6% on the year before. Net income was $57 million, up 68.1%, and diluted earnings per share $3.44. The figures are the company's own, from the 10-K it filed with the SEC on 15 November 2023.
Revenue
$962 million
+15.6% on the year
FY2016FY2023
Operating margin
11.8%
10.6% a year earlier
FY2016FY2023
Net income
$57 million
+68.1% on the year
FY2016FY2023
Diluted EPS
$3.44
+68.6% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
109
101
71.8
+7.8%
Capital expenditure
4.0
1.1
1.1
+255.3%
Free cash flow
105
100
70.7
+5.1%
Free cash flow margin
10.9%
12.0%
11.6%
Cash from investing
49.5
-10.6
-1.1
Cash from financing
-79.8
-61.4
-280
Depreciation and amortisation
1.1
1.0
1.0
+11.0%
Share-based compensation
12.5
10.1
12.0
+23.2%
Buybacks
0.7
0.5
0.8
+34.2%
Dividends paid
26.6
25.7
140
+3.3%
Diluted shares, weighted
16m
31m
31m
-47.6%
Shares outstanding at period end
15m
15m
15m
0.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
240
207
195
+16.2%
Non-controlling interest
184
163
153
+12.6%
Redeemable equity
184
n/a
n/a
Debt
0.0
0.0
0.0
Operating lease liabilities
25.0
25.6
29.1
-2.3%
Other liabilities
n/a
147
121
Total liabilities and equity
582
542
498
+7.4%
Fixed assets
5.4
2.5
2.2
+118.3%
Goodwill
1.9
1.9
1.9
0.0%
Intangible assets
0.2
0.2
0.2
-15.7%
Cash and equivalents
268
189
160
+41.7%
Other assets
307
349
334
-12.0%
Total assets
582
542
498
+7.4%
10-K for the year ended 30 September 2023, filed 15 November 2023: the filing.