Avantax Past Earnings Performance
Past criteria checks 2/6
Avantax's earnings have been declining at an average annual rate of -2.9%, while the Capital Markets industry saw earnings growing at 18.2% annually. Revenues have been growing at an average rate of 0.8% per year. Avantax's return on equity is 0.06%, and it has net margins of 0.03%.
Key information
-2.9%
Earnings growth rate
-3.0%
EPS growth rate
| Capital Markets Industry Growth | 15.2% |
| Revenue growth rate | 0.8% |
| Return on equity | 0.06% |
| Net Margin | 0.03% |
| Last Earnings Update | 30 Sep 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Avantax 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 |
|---|---|---|---|---|
| 30 Sep 23 | 730 | 0 | 199 | 9 |
| 30 Jun 23 | 702 | 2 | 210 | 9 |
| 31 Mar 23 | 678 | -1 | 203 | 10 |
| 31 Dec 22 | 666 | 3 | 191 | 9 |
| 30 Sep 22 | 445 | -70 | 94 | -7 |
| 30 Jun 22 | 455 | -98 | 98 | -2 |
| 31 Mar 22 | 546 | -68 | 110 | 3 |
| 31 Dec 21 | 658 | -44 | 166 | 8 |
| 30 Sep 21 | 862 | -19 | 257 | 28 |
| 30 Jun 21 | 863 | -18 | 255 | 26 |
| 31 Mar 21 | 770 | 0 | 256 | 26 |
| 31 Dec 20 | 546 | -368 | 136 | 6 |
| 30 Sep 20 | 749 | -275 | 248 | 31 |
| 30 Jun 20 | 723 | -311 | 239 | 33 |
| 31 Mar 20 | 755 | -330 | 227 | 33 |
| 31 Dec 19 | 718 | 48 | 205 | 31 |
| 30 Sep 19 | 670 | 12 | 193 | 27 |
| 30 Jun 19 | 616 | 57 | 183 | 23 |
| 31 Mar 19 | 580 | 61 | 174 | 21 |
| 31 Dec 18 | 560 | 45 | 171 | 19 |
| 30 Sep 18 | 557 | 73 | 170 | 20 |
| 30 Jun 18 | 552 | 74 | 167 | 21 |
| 31 Mar 18 | 533 | 42 | 163 | 20 |
| 31 Dec 17 | 510 | 27 | 155 | 20 |
| 30 Sep 17 | 499 | 3 | 150 | 19 |
| 30 Jun 17 | 492 | 6 | 147 | 19 |
| 31 Mar 17 | 473 | 8 | 142 | 18 |
| 31 Dec 16 | 456 | -2 | 136 | 18 |
| 30 Sep 16 | 372 | -10 | 121 | 14 |
| 30 Jun 16 | 292 | -9 | 109 | 11 |
| 31 Mar 16 | 202 | -12 | 93 | 8 |
| 31 Dec 15 | 118 | -13 | 77 | 5 |
| 30 Sep 15 | -254 | -28 | 11 | -8 |
| 30 Jun 15 | -142 | -18 | 28 | -3 |
| 31 Mar 15 | -31 | -12 | 43 | 1 |
| 31 Dec 14 | 104 | -6 | 68 | 4 |
| 30 Sep 14 | 640 | 31 | 159 | 19 |
| 30 Jun 14 | 649 | 27 | 157 | 16 |
| 31 Mar 14 | 625 | 27 | 147 | 13 |
| 31 Dec 13 | 91 | -26 | 63 | 3 |
| 30 Sep 13 | 504 | 29 | 104 | 10 |
| 30 Jun 13 | 473 | 33 | 93 | 10 |
| 31 Mar 13 | 457 | 35 | 86 | 10 |
| 31 Dec 12 | 407 | 23 | 67 | 10 |
Quality Earnings: 3EV has a large one-off loss of $23.6M impacting its last 12 months of financial results to 30th September, 2023.
Growing Profit Margin: 3EV became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 3EV has become profitable over the past 5 years, growing earnings by -2.9% per year.
Accelerating Growth: 3EV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 3EV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (-14.7%).
Return on Equity
High ROE: 3EV's Return on Equity (0.06%) is considered low.