WAM Research Past Earnings Performance
Past criteria checks 2/6
WAM Research has been growing earnings at an average annual rate of 1.8%, while the Capital Markets industry saw earnings growing at 5.9% annually. Revenues have been growing at an average rate of 1.6% per year. WAM Research's return on equity is 11.3%, and it has net margins of 63.4%.
Key information
1.8%
Earnings growth rate
1.3%
EPS growth rate
| Capital Markets Industry Growth | 6.6% |
| Revenue growth rate | 1.6% |
| Return on equity | 11.3% |
| Net Margin | 63.4% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses Breakdown
How WAM Research makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 37 | 23 | 4 | 0 |
| 30 Sep 23 | 31 | 20 | 3 | 0 |
| 30 Jun 23 | 26 | 17 | 3 | 0 |
| 31 Mar 23 | -5 | -4 | 2 | 0 |
| 31 Dec 22 | -35 | -24 | 1 | 0 |
| 30 Sep 22 | -31 | -23 | 2 | 0 |
| 30 Jun 22 | -28 | -21 | 3 | 0 |
| 31 Mar 22 | 12 | 6 | 4 | 0 |
| 31 Dec 21 | 52 | 33 | 6 | 0 |
| 30 Sep 21 | 67 | 43 | 7 | 0 |
| 30 Jun 21 | 82 | 52 | 8 | 0 |
| 31 Mar 21 | 53 | 33 | 7 | 0 |
| 31 Dec 20 | 23 | 13 | 5 | 0 |
| 30 Sep 20 | 7 | 3 | 4 | 0 |
| 30 Jun 20 | -10 | -8 | 3 | 0 |
| 31 Mar 20 | 19 | 12 | 4 | 0 |
| 31 Dec 19 | 48 | 31 | 5 | 0 |
| 30 Sep 19 | 26 | 16 | 4 | 0 |
| 30 Jun 19 | 4 | 2 | 3 | 0 |
| 31 Mar 19 | -6 | -5 | 3 | 0 |
| 31 Dec 18 | -16 | -12 | 3 | 0 |
| 30 Sep 18 | 8 | 5 | 3 | 0 |
| 30 Jun 18 | 32 | 22 | 3 | 0 |
| 31 Mar 18 | 27 | 18 | 3 | 0 |
| 31 Dec 17 | 21 | 14 | 2 | 0 |
| 30 Sep 17 | 23 | 15 | 3 | 0 |
| 30 Jun 17 | 24 | 16 | 3 | 0 |
| 31 Mar 17 | 30 | 19 | 4 | 0 |
| 31 Dec 16 | 37 | 23 | 5 | 0 |
| 30 Sep 16 | 42 | 25 | 8 | 0 |
| 30 Jun 16 | 48 | 26 | 11 | 0 |
| 31 Mar 16 | 50 | 28 | 11 | 0 |
| 31 Dec 15 | 52 | 29 | 11 | 0 |
| 30 Sep 15 | 43 | 24 | 9 | 0 |
| 30 Jun 15 | 34 | 19 | 7 | 0 |
| 31 Mar 15 | 28 | 16 | 6 | 0 |
| 31 Dec 14 | 22 | 12 | 5 | 0 |
| 30 Sep 14 | 23 | 14 | 4 | 0 |
| 30 Jun 14 | 24 | 16 | 3 | 0 |
| 31 Mar 14 | 15 | 18 | 3 | 0 |
| 31 Dec 13 | 6 | 20 | 3 | 0 |
| 30 Sep 13 | 16 | 18 | 3 | 0 |
| 30 Jun 13 | 26 | 17 | 3 | 0 |
Quality Earnings: WAX has a high level of non-cash earnings.
Growing Profit Margin: WAX became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: WAX has become profitable over the past 5 years, growing earnings by 1.8% per year.
Accelerating Growth: WAX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: WAX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (-2.9%).
Return on Equity
High ROE: WAX's Return on Equity (11.3%) is considered low.