R1 Rcm Holdco Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $1.47B | $1.27B | $1.19B | $592.60M | $449.80M | - |
| Cost of Revenue | $1.16B | $1.02B | $987.80M | $199.70M | - | - |
| Gross Profit | $311.80M | $249.70M | $198.30M | $392.90M | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $120.00M | $102.40M | $104.40M | $97.90M | $56.30M | $74.14M |
| Total Operating Expenses | $1.33B | $1.19B | $1.13B | $294.70M | $477.30M | $294.66M |
| D&A | $77.50M | $68.70M | $55.70M | $38.80M | $16.30M | $10.20M |
| Operating Income | $145.70M | $80.00M | $57.70M | ($30.40M) | ($27.50M) | $297.90M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $29.60M | $1.30M | ($2.20M) | ($11.40M) | $31.50M | $121.13M |
| Net Income | $97.20M | $117.10M | $12.00M | ($45.30M) | ($58.80M) | $177.07M |
| EPS - Basic | ($1.86) | $0.41 | ($0.08) | ($0.60) | ($0.75) | $0.65 |
| EPS - Diluted | ($1.86) | $0.33 | ($0.08) | ($0.60) | ($0.75) | $0.65 |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $130.10M | $173.80M | $92.00M | $62.80M | $164.90M | $181.18M |
| Accounts Receivable | $131.30M | $91.30M | $52.30M | $42.20M | $8.20M | $3.98M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $17.70M | $18.20M | $20.20M | $9.90M | $7.20M | $7.95M |
| Current Assets | $364.70M | $355.40M | $216.70M | $196.80M | $202.30M | $204.61M |
| Total Assets | $1.45B | $1.19B | $929.10M | $807.50M | $336.00M | $415.06M |
| Current Liabilities | $254.20M | $206.30M | $232.50M | $196.20M | $89.90M | $135.11M |
| Long-term Debt | $754.90M | $519.70M | $337.70M | $356.00M | - | - |
| Total Liabilities | $1.10B | $849.60M | $681.90M | $592.80M | $113.30M | $255.80M |
| Stockholders' Equity | $346.70M | $87.90M | $18.10M | $6.30M | $33.40M | ($12.33M) |
| Retained Earnings | ($64.30M) | ($161.50M) | ($277.80M) | ($289.80M) | ($244.50M) | ($304.70M) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $264.80M | $61.80M | $113.90M | ($86.90M) | $20.90M | ($86.86M) |
| Investing Cash Flow | ($340.40M) | ($117.00M) | ($61.00M) | ($11.60M) | ($33.60M) | ($11.61M) |
| Financing Cash Flow | $31.40M | $137.90M | ($25.30M) | $176.50M | ($4.20M) | $176.40M |
| CapEx | $51.70M | $49.30M | $61.00M | $33.50M | $33.60M | $12.63M |
| Free Cash Flow | $213.10M | $12.50M | $52.90M | ($120.40M) | ($12.70M) | ($99.50M) |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 21.1% | 19.6% | 16.7% | 66.3% | - | - |
| Operating margin | 9.9% | 6.3% | 4.9% | -5.1% | -6.1% | - |
| EBITDA margin | 15.1% | 11.7% | 9.6% | 1.4% | -2.5% | - |
| Net margin | 6.6% | 9.2% | 1.0% | -7.6% | -13.1% | - |
| Free cash flow margin | 14.5% | 1.0% | 4.5% | -20.3% | -2.8% | - |
| FCF / Net income | 2.19 | 0.11 | 4.41 | 2.66 | 0.22 | -0.56 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 8.1% | 8.1% | 8.8% | 16.5% | 12.5% | - |
| Effective tax rate | 23.3% | 1.1% | -22.4% | - | - | 40.6% |
| Return on assets | 6.7% | 9.8% | 1.3% | -5.6% | -17.5% | 42.7% |
| Return on equity | 28.0% | 133.2% | 66.3% | -719.0% | -176.0% | -1435.6% |
| Return on invested capital | 10.1% | 13.0% | 16.2% | -6.6% | - | - |
| Liquidity | ||||||
| Current ratio | 1.43 | 1.72 | 0.93 | 1.00 | 2.25 | 1.51 |
| Quick ratio | 1.43 | 1.72 | 0.93 | 1.00 | 2.25 | 1.51 |
| Cash ratio | 0.51 | 0.84 | 0.40 | 0.32 | 1.83 | 1.34 |
| Leverage | ||||||
| Debt / Equity | 2.18 | 5.91 | 18.66 | 56.51 | - | - |
| Debt / Assets | 0.52 | 0.44 | 0.36 | 0.44 | - | - |
| Debt / EBITDA | 3.38 | 3.49 | 2.98 | 42.38 | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 4.18 | 13.53 | 51.33 | 128.17 | 10.06 | -33.65 |
| Liabilities / Assets | 0.76 | 0.71 | 0.73 | 0.73 | 0.34 | 0.62 |
| Efficiency | ||||||
| Asset turnover | 1.02 | 1.07 | 1.28 | 0.73 | 1.34 | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 33d | 26d | 16d | 26d | 7d | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 6d | 7d | 7d | 18d | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 16.0% | 7.1% | 100.2% | 31.7% | - | - |
| Revenue CAGR (3y) | 35.5% | 41.4% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | 24.9% | 25.9% | -49.5% | - | - | - |
| Operating income growth (YoY) | 82.1% | 38.6% | - | -10.5% | - | - |
| Net income growth (YoY) | -17.0% | 875.8% | - | 23.0% | - | - |
| EPS growth (YoY) | - | - | 86.7% | 20.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | 34.1% |
| FCF growth (YoY) | 1604.8% | -76.4% | - | -848.0% | 87.2% | -120.7% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 294.4% | 385.6% | 187.3% | -81.1% | - | 94.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$1.47B totalNet Operating Fees$1.21B · 82.2%
Incentive Fees$143.80M · 9.8%
Other$119.00M · 8.1%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
1.48
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2021 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Services-Management Services
Comparing R1 RCM Holdco Inc. against the 5 most active filers in the same SIC group.