Ready Capital Past Earnings Performance
Past criteria checks 4/6
Ready Capital has been growing earnings at an average annual rate of 38.4%, while the Mortgage REITs industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 11.3% per year. Ready Capital's return on equity is 9.5%, and it has net margins of 71.1%.
Key information
38.4%
Earnings growth rate
9.2%
EPS growth rate
| Mortgage REITs Industry Growth | 4.6% |
| Revenue growth rate | 11.3% |
| Return on equity | 9.5% |
| Net Margin | 71.1% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Ready Capital 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 Mar 24 | 310 | 221 | 155 | 0 |
| 31 Dec 23 | 429 | 333 | 155 | 0 |
| 30 Sep 23 | 336 | 288 | 129 | 0 |
| 30 Jun 23 | 342 | 305 | 124 | 0 |
| 31 Mar 23 | 358 | 112 | 120 | 0 |
| 31 Dec 22 | 411 | 141 | 125 | 0 |
| 30 Sep 22 | 572 | 226 | 147 | 0 |
| 30 Jun 22 | 567 | 209 | 150 | 0 |
| 31 Mar 22 | 558 | 182 | 146 | 0 |
| 31 Dec 21 | 338 | 106 | 100 | 0 |
| 30 Sep 21 | 500 | 124 | 137 | 0 |
| 30 Jun 21 | 489 | 115 | 133 | 0 |
| 31 Mar 21 | 508 | 122 | 136 | 0 |
| 31 Dec 20 | 405 | 43 | 131 | 0 |
| 30 Sep 20 | 370 | 37 | 122 | 0 |
| 30 Jun 20 | 297 | 15 | 104 | 0 |
| 31 Mar 20 | 203 | -8 | 85 | 0 |
| 31 Dec 19 | 229 | 72 | 76 | 0 |
| 30 Sep 19 | 188 | 61 | 71 | 0 |
| 30 Jun 19 | 186 | 66 | 72 | 0 |
| 31 Mar 19 | 194 | 71 | 74 | 0 |
| 31 Dec 18 | 212 | 59 | 80 | 0 |
| 30 Sep 18 | 280 | 62 | 84 | 0 |
| 30 Jun 18 | 256 | 57 | 83 | 0 |
| 31 Mar 18 | 233 | 52 | 81 | 0 |
| 31 Dec 17 | 208 | 43 | 77 | 0 |
| 30 Sep 17 | 140 | 57 | 76 | 0 |
| 30 Jun 17 | 130 | 54 | 68 | 0 |
| 31 Mar 17 | 117 | 51 | 60 | 0 |
| 31 Dec 16 | 128 | 51 | 51 | 0 |
| 30 Sep 16 | 96 | 35 | 42 | 0 |
| 30 Jun 16 | 96 | 38 | 41 | 0 |
| 31 Mar 16 | 94 | 40 | 40 | 0 |
| 31 Dec 15 | 101 | 41 | 38 | 0 |
| 30 Sep 15 | 81 | 47 | 32 | 0 |
| 30 Jun 15 | 90 | 47 | 33 | 0 |
| 31 Mar 15 | 89 | 39 | 30 | 0 |
| 31 Dec 14 | 75 | 32 | 29 | 0 |
| 30 Sep 14 | 72 | 15 | 31 | 0 |
| 30 Jun 14 | 45 | 1 | 20 | 0 |
| 31 Mar 14 | 29 | 1 | 13 | 0 |
| 31 Dec 13 | 16 | 1 | 6 | 0 |
Quality Earnings: 0SZ has a large one-off gain of $179.6M impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: 0SZ's current net profit margins (71.1%) are higher than last year (31.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 0SZ's earnings have grown significantly by 38.4% per year over the past 5 years.
Accelerating Growth: 0SZ's earnings growth over the past year (96.5%) exceeds its 5-year average (38.4% per year).
Earnings vs Industry: 0SZ earnings growth over the past year (96.5%) exceeded the Mortgage REITs industry -0.5%.
Return on Equity
High ROE: 0SZ's Return on Equity (9.5%) is considered low.