This company has been acquired
Switch Past Earnings Performance
Past criteria checks 4/6
Key information
82.9%
Earnings growth rate
81.4%
EPS growth rate
| IT Industry Growth | 22.4% |
| Revenue growth rate | 11.9% |
| Return on equity | 37.4% |
| Net Margin | 56.7% |
| Last Earnings Update | 30 Sep 2022 |
Recent past performance updates
Recent updates
Switch declares goes ex-dividend tomorrow
Aug 18Switch: Likely To Be Acquired But Not By Digital Realty Or Equinix
Apr 16Returns On Capital At Switch (NYSE:SWCH) Paint A Concerning Picture
Mar 21
Switch (NYSE:SWCH) Has Re-Affirmed Its Dividend Of US$0.052
Feb 28These 4 Measures Indicate That Switch (NYSE:SWCH) Is Using Debt Extensively
Feb 27Switch: This Small Data Center Company Doesn't Look That Special
Jan 27Switch Has Superior Data Center Growth
Dec 14Switch (NYSE:SWCH) Is Increasing Its Dividend To US$0.052
Nov 08Switch (NYSE:SWCH) Will Want To Turn Around Its Return Trends
Nov 04Here's Why Switch (NYSE:SWCH) Has A Meaningful Debt Burden
Oct 11Switch's (NYSE:SWCH) Dividend Will Be Increased To US$0.052
Aug 09Here's Why I Think Switch (NYSE:SWCH) Might Deserve Your Attention Today
Jul 29We Think Switch (NYSE:SWCH) Is Taking Some Risk With Its Debt
Jun 23We Think Shareholders Will Probably Be Generous With Switch, Inc.'s (NYSE:SWCH) CEO Compensation
Jun 05Switch to raise $430M to fund the acquisition of Data Foundry
Jun 01Switch EPS beats by $0.02, beats on revenue
May 10Some Investors May Be Worried About Switch's (NYSE:SWCH) Returns On Capital
May 07Switch shares up on acquiring Data Foundry for $420M and preliminary Q1 results
May 03I Ran A Stock Scan For Earnings Growth And Switch (NYSE:SWCH) Passed With Ease
Apr 08Is Switch (NYSE:SWCH) Using Too Much Debt?
Mar 09Switch (NYSE:SWCH) Shareholders Have Enjoyed A 15% Share Price Gain
Feb 02Switch +4.3% as Jefferies boosts to Buy on valuation
Jan 13Has Switch (NYSE:SWCH) Got What It Takes To Become A Multi-Bagger?
Jan 13Is Switch, Inc.'s (NYSE:SWCH) 1.2% Dividend Sustainable?
Dec 08Switch (NYSE:SWCH) Has A Somewhat Strained Balance Sheet
Nov 20
Switch goes ex-dividend on Monday
Nov 13Switch: How Much Longer Will Investors Deal With Disappointment?
Nov 06Revenue & Expenses BreakdownBeta
How Switch 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 22 | 669 | 379 | 153 | 0 |
| 30 Jun 22 | 652 | 379 | 160 | 0 |
| 31 Mar 22 | 626 | 7 | 150 | 0 |
| 31 Dec 21 | 592 | 5 | 142 | 0 |
| 30 Sep 21 | 558 | 22 | 136 | 0 |
| 30 Jun 21 | 529 | 28 | 131 | 0 |
| 31 Mar 21 | 514 | 28 | 128 | 0 |
| 31 Dec 20 | 512 | 16 | 132 | 0 |
| 30 Sep 20 | 504 | 13 | 138 | 0 |
| 30 Jun 20 | 498 | 11 | 141 | 0 |
| 31 Mar 20 | 483 | 7 | 141 | 0 |
| 31 Dec 19 | 462 | 9 | 136 | 0 |
| 30 Sep 19 | 445 | 7 | 129 | 0 |
| 30 Jun 19 | 425 | 4 | 126 | 0 |
| 31 Mar 19 | 416 | 4 | 125 | 0 |
| 31 Dec 18 | 406 | 4 | 122 | 0 |
| 30 Sep 18 | 402 | -65 | 121 | 0 |
| 30 Jun 18 | 397 | -49 | 111 | 0 |
| 31 Mar 18 | 387 | -35 | 101 | 0 |
| 31 Dec 17 | 378 | -15 | 87 | 0 |
| 30 Sep 17 | 361 | 32 | 79 | 0 |
| 30 Jun 17 | 345 | 31 | 77 | 0 |
| 31 Mar 17 | 334 | 35 | 74 | 0 |
| 31 Dec 16 | 318 | 31 | 71 | 0 |
| 31 Dec 15 | 266 | 73 | 45 | 0 |
Quality Earnings: SWCH has a large one-off gain of $327.0M impacting its September 30 2022 financial results.
Growing Profit Margin: SWCH's current net profit margins (56.7%) are higher than last year (4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SWCH's earnings have grown significantly by 82.9% per year over the past 5 years.
Accelerating Growth: SWCH's earnings growth over the past year (1616.8%) exceeds its 5-year average (82.9% per year).
Earnings vs Industry: SWCH earnings growth over the past year (1616.8%) exceeded the IT industry 16.1%.
Return on Equity
High ROE: Whilst SWCH's Return on Equity (37.36%) is high, this metric is skewed due to their high level of debt.