FOCS · Focus Financial Partners 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 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $583.80M | $557.51M | - | $519.86M | $539.21M | $536.57M | - | $454.54M | $425.36M | $394.18M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $114.99M | $112.82M | - | $89.92M | $94.77M | $88.65M | - | $75.64M | $69.02M | $63.83M |
| Total Operating Expenses | $547.31M | $536.07M | - | $439.85M | $435.40M | $463.21M | - | $432.97M | $405.94M | $379.47M |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $36.49M | $21.44M | - | $80.02M | $103.81M | $73.35M | - | $21.56M | $19.42M | $14.71M |
| Interest Expense | $48.34M | $43.93M | - | $26.49M | $19.89M | $17.62M | - | $16.54M | $10.83M | $10.52M |
| Income Tax | ($41.28M) | ($18.70M) | - | $12.12M | $32.23M | $15.62M | - | $2.68M | $2.17M | $1.19M |
| Net Income | $32.18M | ($632.0K) | - | $29.25M | $33.08M | $29.10M | - | $649.0K | $1.98M | $256.0K |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $137.04M | $100.20M | $139.97M | $128.53M | $221.05M | $317.03M | $310.68M | $642.21M | $143.98M | $169.72M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $5.22B | $5.03B | $4.87B | $4.78B | $4.81B | $4.71B | $4.71B | $4.09B | $3.39B | $3.21B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $3.85B | $3.70B | $3.56B | $3.50B | $3.56B | $3.52B | $3.59B | $3.19B | $2.49B | $2.34B |
| Stockholders' Equity | $1.08B | $1.04B | $1.05B | $1.06B | $1.01B | $941.19M | $870.54M | $675.05M | $668.70M | $606.50M |
| Retained Earnings | $148.32M | $116.15M | $116.78M | $116.43M | $87.18M | $54.10M | $25.00M | $17.46M | $16.82M | $14.84M |
Cash Flow
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($3.23M) | - | - | - | ($4.64M) | - | - | - | $34.13M |
| Investing Cash Flow | - | ($90.32M) | - | - | - | ($11.07M) | - | - | - | ($28.26M) |
| Financing Cash Flow | - | $53.90M | - | - | - | $21.74M | - | - | - | $97.99M |
| CapEx | - | $5.61M | - | - | - | $3.23M | - | - | - | $2.83M |
| Free Cash Flow | - | ($8.84M) | - | - | - | ($7.87M) | - | - | - | $31.29M |
Ratios
| Metric | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 6.3% | 3.8% | - | 15.4% | 19.3% | 13.7% | - | 4.7% | 4.6% | 3.7% |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 5.5% | -0.1% | - | 5.6% | 6.1% | 5.4% | - | 0.1% | 0.5% | 0.1% |
| Free cash flow margin | - | -1.6% | - | - | - | -1.5% | - | - | - | 7.9% |
| FCF / Net income | - | 13.98 | - | - | - | -0.27 | - | - | - | 122.24 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 19.7% | 20.2% | - | 17.3% | 17.6% | 16.5% | - | 16.6% | 16.2% | 16.2% |
| Effective tax rate | - | - | - | 29.3% | 49.3% | 34.9% | - | 80.5% | 52.4% | 82.2% |
| Return on assets | 0.6% | -0.0% | - | 0.6% | 0.7% | 0.6% | - | 0.0% | 0.1% | 0.0% |
| Return on equity | 3.0% | -0.1% | - | 2.8% | 3.3% | 3.1% | - | 0.1% | 0.3% | 0.0% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 0.8x | 0.5x | - | 3.0x | 5.2x | 4.2x | - | 1.3x | 1.8x | 1.4x |
| Equity multiplier | 4.83 | 4.85 | 4.62 | 4.52 | 4.74 | 5.00 | 5.41 | 6.06 | 5.06 | 5.30 |
| Liabilities / Assets | 0.74 | 0.74 | 0.73 | 0.73 | 0.74 | 0.75 | 0.76 | 0.78 | 0.73 | 0.73 |
| Efficiency | ||||||||||
| Asset turnover | 0.11 | 0.11 | - | 0.11 | 0.11 | 0.11 | - | 0.11 | 0.13 | 0.12 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 8.3% | 3.9% | - | 14.4% | 26.8% | 36.1% | - | 37.1% | 35.8% | 16.9% |
| Revenue CAGR (3y) | 23.1% | 18.3% | - | 18.0% | 21.4% | 27.3% | - | 24.5% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -64.8% | -70.8% | - | 271.1% | 434.7% | 398.7% | - | 16.5% | 39.3% | -77.6% |
| Net income growth (YoY) | -2.7% | - | - | 4406.8% | 1573.4% | 11268.0% | - | -60.5% | -17.9% | -98.7% |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | -12.2% | - | - | - | - | - | - | - | 16030.4% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 6.6% | 10.2% | 21.1% | 56.8% | 51.6% | 55.2% | 61.3% | 24.8% | 32.5% | 16.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$1.80B totalWealth Management Services$1.72B · 95.5%
Other Services$80.59M · 4.5%
Geographic
$1.80B totalUS$1.69B · 94.1%
Non Us$106.61M · 5.9%
Peer comparison
Same SIC group: Investment Advice
Comparing Focus Financial Partners Inc. against the 5 most active filers in the same SIC group.