Tri-Continental Past Earnings Performance
Past criteria checks 2/6
Tri-Continental's earnings have been declining at an average annual rate of -5.4%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 2.1% per year. Tri-Continental's return on equity is 14.5%, and it has net margins of 374.4%.
Key information
-5.4%
Earnings growth rate
-5.2%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | 2.1% |
| Return on equity | 14.5% |
| Net Margin | 374.4% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
Tri-Continental Corp: Thank You For Delivering A Solid 2023
Dec 03TY: Low-Cost Balanced CEF Available At A Nice Discount To NAV
Sep 15TY CEF: Trailing Other Investment Choices
Nov 09Tri-Continental: Solid Balanced Fund With Opportunity For High Distributions
Oct 28Tri-Continental declines by dividend 3.1% to $0.2695
Sep 02Tri-Continental: A Solid Balanced Fund With A Good Long-Term Performance Record
Nov 01Tri-Continental declares $0.2679 dividend
Nov 20Revenue & Expenses BreakdownBeta
How Tri-Continental 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 | 67 | 251 | 8 | 0 |
| 30 Sep 23 | 67 | 208 | 8 | 0 |
| 30 Jun 23 | 67 | 165 | 8 | 0 |
| 31 Mar 23 | 67 | -65 | 8 | 0 |
| 31 Dec 22 | 68 | -294 | 8 | 0 |
| 30 Sep 22 | 68 | -223 | 8 | 0 |
| 30 Jun 22 | 69 | -153 | 9 | 0 |
| 31 Mar 22 | 67 | 140 | 9 | 0 |
| 31 Dec 21 | 65 | 434 | 9 | 0 |
| 30 Sep 21 | 63 | 503 | 9 | 0 |
| 30 Jun 21 | 62 | 571 | 8 | 0 |
| 31 Mar 21 | 63 | 384 | 8 | 0 |
| 31 Dec 20 | 63 | 196 | 8 | 0 |
| 30 Sep 20 | 64 | 107 | 8 | 0 |
| 30 Jun 20 | 65 | 18 | 8 | 0 |
| 31 Mar 20 | 63 | 179 | 8 | 0 |
| 31 Dec 19 | 62 | 339 | 8 | 0 |
| 30 Sep 19 | 62 | 221 | 8 | 0 |
| 30 Jun 19 | 62 | 103 | 8 | 0 |
| 31 Mar 19 | 62 | 14 | 8 | 0 |
| 31 Dec 18 | 61 | -75 | 8 | 0 |
| 30 Sep 18 | 61 | 62 | 8 | 0 |
| 30 Jun 18 | 60 | 199 | 8 | 0 |
| 31 Mar 18 | 60 | 239 | 8 | 0 |
| 31 Dec 17 | 59 | 279 | 8 | 0 |
| 30 Sep 17 | 58 | 262 | 8 | 0 |
| 30 Jun 17 | 57 | 246 | 7 | 0 |
| 31 Mar 17 | 58 | 215 | 7 | 0 |
| 31 Dec 16 | 59 | 184 | 7 | 0 |
| 30 Sep 16 | 59 | 88 | 7 | 0 |
| 30 Jun 16 | 59 | -8 | 7 | 0 |
| 31 Mar 16 | 58 | -21 | 7 | 0 |
| 31 Dec 15 | 56 | -34 | 7 | 0 |
| 30 Sep 15 | 55 | 20 | 7 | 0 |
| 30 Jun 15 | 54 | 74 | 7 | 0 |
| 31 Mar 15 | 53 | 109 | 7 | 0 |
| 31 Dec 14 | 52 | 144 | 7 | 0 |
| 30 Sep 14 | 52 | 211 | 7 | 0 |
| 30 Jun 14 | 52 | 279 | 7 | 0 |
| 31 Mar 14 | 51 | 295 | 7 | 0 |
| 31 Dec 13 | 50 | 312 | 7 | 0 |
| 30 Sep 13 | 49 | 256 | 6 | 0 |
| 30 Jun 13 | 49 | 201 | 6 | 0 |
Quality Earnings: TY has a large one-off gain of $191.4M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: TY became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TY has become profitable over the past 5 years, growing earnings by -5.4% per year.
Accelerating Growth: TY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (3.3%).
Return on Equity
High ROE: TY's Return on Equity (14.5%) is considered low.