Initiates Past Earnings Performance
Past criteria checks 2/6
Initiates's earnings have been declining at an average annual rate of -0.3%, while the Commercial Services industry saw earnings growing at 12.5% annually. Revenues have been growing at an average rate of 19.9% per year. Initiates's return on equity is 29.6%, and it has net margins of 18.8%.
Key information
-0.3%
Earnings growth rate
-0.3%
EPS growth rate
| Commercial Services Industry Growth | 12.2% |
| Revenue growth rate | 19.9% |
| Return on equity | 29.6% |
| Net Margin | 18.8% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Initiates 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 | 1,849 | 348 | 166 | 0 |
| 30 Sep 23 | 1,303 | 69 | 167 | 0 |
| 30 Jun 23 | 868 | -80 | 192 | 0 |
| 31 Mar 23 | 822 | -95 | 185 | 0 |
| 31 Dec 22 | 841 | -54 | 176 | 0 |
| 30 Sep 22 | 998 | 43 | 144 | 0 |
| 30 Jun 22 | 729 | 63 | 109 | 0 |
| 31 Mar 22 | 490 | -2 | 98 | 0 |
| 31 Dec 21 | 334 | -77 | 99 | 0 |
| 30 Sep 21 | 259 | -188 | 118 | 0 |
| 30 Jun 21 | 310 | -160 | 109 | 0 |
| 31 Mar 21 | 341 | -127 | 110 | 0 |
| 31 Dec 20 | 448 | -84 | 111 | 0 |
| 30 Sep 20 | 551 | 34 | 116 | 0 |
| 30 Jun 20 | 538 | 26 | 121 | 0 |
| 31 Mar 20 | 535 | 37 | 156 | 0 |
| 31 Dec 19 | 550 | 42 | 121 | 0 |
| 30 Sep 19 | 609 | 50 | 138 | 0 |
| 30 Jun 19 | 558 | 30 | 149 | 0 |
| 31 Mar 19 | 615 | 75 | 148 | 0 |
| 31 Dec 18 | 701 | 102 | 160 | 0 |
| 30 Sep 18 | 734 | 106 | 144 | 0 |
| 30 Jun 18 | 767 | 131 | 147 | 0 |
| 31 Mar 18 | 823 | 125 | 155 | 0 |
| 31 Dec 17 | 665 | 82 | 141 | 0 |
| 30 Sep 17 | 494 | 118 | 150 | 0 |
| 30 Jun 17 | 547 | 128 | 133 | 0 |
| 31 Mar 17 | 660 | 122 | 119 | 0 |
| 31 Dec 16 | 648 | 138 | 113 | 0 |
| 31 Dec 15 | 346 | 37 | 103 | 0 |
Quality Earnings: TIP has a high level of non-cash earnings.
Growing Profit Margin: TIP became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TIP's earnings have declined by 0.3% per year over the past 5 years.
Accelerating Growth: TIP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TIP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Commercial Services industry (5.4%).
Return on Equity
High ROE: TIP's Return on Equity (29.6%) is considered high.