Ready Capital Past Earnings Performance
Past criteria checks 2/6
Ready Capital has been growing earnings at an average annual rate of 14.9%, while the Mortgage REITs industry saw earnings growing at 4.6% annually. Revenues have been growing at an average rate of 24.3% per year. Ready Capital's return on equity is 8.6%, and it has net margins of 31.9%.
Key information
14.9%
Earnings growth rate
8.6%
EPS growth rate
| Mortgage REITs Industry Growth | 4.5% |
| Revenue growth rate | 24.3% |
| Return on equity | 8.6% |
| Net Margin | 31.9% |
| Last Earnings Update | 30 Sep 2019 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
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 |
|---|---|---|---|---|
| 30 Sep 19 | 193 | 61 | 73 | 0 |
| 30 Jun 19 | 191 | 66 | 73 | 0 |
| 31 Mar 19 | 194 | 71 | 74 | 0 |
| 31 Dec 18 | 212 | 59 | 80 | 0 |
| 30 Sep 18 | 270 | 62 | 84 | 0 |
| 30 Jun 18 | 249 | 57 | 83 | 0 |
| 31 Mar 18 | 233 | 52 | 81 | 0 |
| 31 Dec 17 | 209 | 43 | 78 | 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 | 50 | 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 |
| 31 Dec 12 | 18 | 43 | 10 | 0 |
Quality Earnings: RCB has a large one-off gain of $24.4M impacting its last 12 months of financial results to 30th September, 2019.
Growing Profit Margin: RCB's current net profit margins (31.9%) are higher than last year (23%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RCB's earnings have grown by 14.9% per year over the past 5 years.
Accelerating Growth: RCB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RCB had negative earnings growth (-0.9%) over the past year, making it difficult to compare to the Mortgage REITs industry average (-25.6%).
Return on Equity
High ROE: RCB's Return on Equity (8.6%) is considered low.