Rithm Historical Income Statement
RITM Stock | USD 11.15 0.01 0.09% |
Historical analysis of Rithm Capital income statement accounts such as Gross Profit of 1 B, Other Operating Expenses of 1.6 B, Total Operating Expenses of 767.3 M or Income Before Tax of 555.9 M can show how well Rithm Capital Corp performed in making a profits. Evaluating Rithm Capital income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Rithm Capital's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Rithm Capital Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Rithm Capital Corp is a good buy for the upcoming year.
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About Rithm Income Statement Analysis
Rithm Capital Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Rithm Capital shareholders. The income statement also shows Rithm investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Rithm Capital Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Rithm Capital Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Rithm Capital Corp minus its cost of goods sold. It is profit before Rithm Capital operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Rithm Capital Corp. It is also known as Rithm Capital overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Rithm Capital's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Rithm Capital Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rithm Capital Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, Rithm Capital's Total Other Income Expense Net is very stable compared to the past year. As of the 4th of December 2024, Research Development is likely to grow to 0.39, though Operating Income is likely to grow to (212.1 M).
2021 | 2022 | 2023 (projected) | Research Development | 0.33 | 0.74 | 0.2 | Cost Of Revenue | 1.1B | 1.2B | 787.1M |
Rithm Capital income statement Correlations
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Rithm Capital Account Relationship Matchups
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Rithm Capital income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | (608.6M) | 625K | 1.5B | (353.4M) | 28.2M | 29.6M | |
Interest Expense | 933.8M | 584.5M | 497.3M | 791.0M | 1.4B | 1.5B | |
Selling General Administrative | 538.0M | 1.1B | 2.0B | 2.1B | 730.8M | 637.1M | |
Total Revenue | 1.4B | (21.3M) | 3.0B | 3.8B | 1.3B | 1.3B | |
Gross Profit | 1.4B | (131.5M) | 1.9B | 2.6B | 507.5M | 1.0B | |
Other Operating Expenses | 582.2M | 1.1B | 2.1B | 2.1B | 1.5B | 1.6B | |
Operating Income | 605.1M | (1.4B) | 930.5M | 1.8B | (223.3M) | (212.1M) | |
Ebit | 605.1M | (1.4B) | (60.6M) | 2.4B | (223.3M) | (212.1M) | |
Ebitda | 605.1M | (1.4B) | 1.4B | 2.1B | (223.3M) | (212.1M) | |
Total Operating Expenses | 582.2M | 1.1B | (2.1B) | 875.4M | 730.8M | 767.3M | |
Income Before Tax | 647.7M | (1.3B) | 963.8M | 1.3B | 752.8M | 555.9M | |
Total Other Income Expense Net | 42.6M | 52.7M | (1.2B) | (1.0B) | 976.1M | 1.0B | |
Net Income | 563.3M | (1.4B) | 772.2M | 954.5M | 532.7M | 441.8M | |
Income Tax Expense | 41.8M | 16.9M | 158.2M | 279.5M | 122.2M | 73.0M | |
Cost Of Revenue | 430.6M | 110.2M | 1.1B | 1.2B | 787.1M | 429.3M | |
Research Development | 0.39 | 0.22 | 0.92 | 0.33 | 0.74 | 0.2 | |
Tax Provision | 41.8M | 16.9M | 158.2M | 279.5M | 74.3M | 91.2M | |
Net Interest Income | 832.4M | 518.1M | 313.6M | 285.0M | 283.5M | 438.7M | |
Interest Income | 1.8B | 1.1B | 810.9M | 1.1B | 1.6B | 1.1B | |
Net Income From Continuing Ops | 605.9M | (1.4B) | 805.6M | 983.3M | 803.7M | 521.6M | |
Net Income Applicable To Common Shares | 550.0M | (1.5B) | 705.5M | 864.8M | 778.3M | 817.2M | |
Minority Interest | (42.6M) | (52.7M) | (33.4M) | (28.8M) | (12.1M) | (12.7M) |
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Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Rithm Capital. If investors know Rithm will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Rithm Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.51) | Dividend Share 1 | Earnings Share 0.98 | Revenue Per Share 6.184 | Quarterly Revenue Growth (0.17) |
The market value of Rithm Capital Corp is measured differently than its book value, which is the value of Rithm that is recorded on the company's balance sheet. Investors also form their own opinion of Rithm Capital's value that differs from its market value or its book value, called intrinsic value, which is Rithm Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Rithm Capital's market value can be influenced by many factors that don't directly affect Rithm Capital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rithm Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rithm Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rithm Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.