Reported Q: Q3 2024 Rev YoY: +830.1% EPS YoY: +43.5% Move: 0.00%
Oaktree Capital Group LLC
OAK-PA
$20.70 0.00%
Exchange NYSE Sector Financial Services Industry Asset Management
Q3 2024
Published: Nov 12, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for OAK-PA

Reported

Report Date

Nov 12, 2024

Quarter Q3 2024

Revenue

140.32M

YoY: +830.1%

EPS

0.33

YoY: +43.5%

Market Move

0.00%

Previous quarter: Q2 2024

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Earnings Highlights

  • Revenue of $140.32M up 830.1% year-over-year
  • EPS of $0.33 increased by 43.5% from previous year
  • Gross margin of 99.8%
  • Net income of 43.59M
  • "N/A" - N/A
OAK-PA
Company OAK-PA

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Executive Summary

Oaktree Capital Group’s QQ3 2024 results show a striking top-line expansion and exceptionally high operating margins on reported metrics, culminating in a net income of $43.6 million and EPS of $0.33. Revenue reached $140.32 million, up 830% year over year and 138% quarter over quarter, driven by a combination of operating results and meaningful non-operating income, as evidenced by total other income of $118.69 million. Operating income was $139.66 million with an operating margin near 99.5%, underscoring the strength of the core investment-management activities in this period. However, cash flow dynamics present a more nuanced picture: cash from operations shows a negative cash flow of $1.19 billion on the cash flow statement, while the company reports net cash provided by operating activities of about $92 million, suggesting substantial working-capital and non-cash item effects that warrant closer inspection in future periods.

From a balance-sheet standpoint, total assets stood at roughly $6.97 billion with long-term debt of about $1.46 billion and preferred stock of $400.6 million. The company ended the period with $529.3 million in cash and equivalents and a net debt position of approximately $931.8 million. The equity base remains robust at about $2.30 billion, reflecting a company profile that blends asset-management earnings with a non-operating income tailwind. The QQ3 mix implies a potentially favorable earnings cadence, but the sustainability of non-operating gains and the sensitivity of reported earnings to balance-sheet items should be analyzed closely in subsequent quarters.

Overall, the QQ3 2024 performance signals solid profitability and an attractive earnings per share proxy for a preferred structure, supported by a strong capital position. Investors should monitor the durability of operating margins, fee-related revenue quality, net interest/depreciation dynamics, and any shifts in non-operating income sources that appear to be material drivers of the reported net income.

Key Performance Indicators

Revenue
Increasing
140.32M
QoQ: 137.73% | YoY: 830.07%
Gross Profit
Increasing
140.05M
99.81% margin
QoQ: 258.27% | YoY: 119 804.27%
Operating Income
Increasing
139.66M
QoQ: 3 082.19% | YoY: 2 622.34%
Net Income
Increasing
43.59M
QoQ: -2.71% | YoY: 36.51%
EPS
Increasing
0.33
QoQ: 0.00% | YoY: 43.48%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 218.02 -0.10 +206.7% View
Q4 2024 257.60 1.07 +20.8% View
Q3 2024 140.32 0.33 +830.1% View
Q2 2024 59.03 0.33 +74.4% View
Q1 2024 71.09 0.70 -22.9% View