RCM TECHNOLOGIES, INC. RCMT
RCM Technologies, Inc. is a premier provider of business and technology solutions designed to enhance and maximize its customers' operational performance. The Company provides these services through the deployment of specialty healthcare, engineering, life sciences, information technology services, data management and solutions. For over 50 years, the Company has developed and assembled an extensive portfolio of capabilities, service offerings, and delivery options with world-class technical talent in key end markets and high-growth industries. This combination, paired with RCM's efficient pricing structure and global reach, offers clients a compelling value proposition.
RCM consists of three operating segments: Specialty Health Care, Engineering, and Life Sciences, Data and Solutions (LS&D).
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $319.4M | $278.4M | $263.2M | $284.7M | $203.9M | $150.4M | $191.1M | $200.4M | $186.7M | $176.4M |
| Cost of revenue | $231.5M | $198.6M | $186.5M | $201.8M | $150.8M | $111.6M | $142.5M | $151.0M | $138.3M | $129.4M |
| Gross profit | $87.9M | $79.8M | $76.7M | $82.9M | $53.1M | $38.9M | $48.6M | $49.3M | $48.4M | $47.0M |
| SG&A | $60.9M | $56.8M | $52.2M | $53.4M | $42.0M | $37.8M | $40.4M | $40.4M | $40.4M | $40.1M |
| Total operating expenses | $62.9M | $57.5M | $53.0M | $54.1M | $39.0M | $49.8M | $42.0M | $43.9M | $48.1M | — |
| Operating income | $25.1M | $22.3M | $23.7M | $28.8M | $14.1M | -$10.9M | $6.6M | $5.4M | $280.0K | $3.8M |
| Interest expense | $2.7M | $2.2M | $1.4M | $370.0K | $365.0K | $778.0K | $1.7M | $1.4M | $590.0K | $539.0K |
| Pre-tax income | $22.1M | $20.2M | $22.2M | $28.5M | $13.9M | -$12.1M | $4.8M | $3.9M | -$245.0K | $3.3M |
| Income tax | $5.7M | $6.9M | $5.4M | $7.6M | $2.9M | $3.2M | $764.0K | $1.2M | $2.3M | $1.5M |
| Net income | $16.3M | $13.3M | $16.8M | $20.9M | $11.0M | -$8.9M | $4.1M | $2.7M | $2.0M | $1.8M |
| EPS, basic | 2.19 | 1.72 | 2.03 | 2.08 | 1.00 | -0.73 | — | — | — | 0.14 |
| EPS, diluted | 2.14 | 1.68 | 1.96 | 2.00 | 0.95 | -0.73 | 0.31 | 0.22 | 0.17 | 0.14 |
| Shares, diluted (wtd. avg.) | $7.6M | $7.9M | $8.6M | $10.4M | $11.6M | $12.2M | $13.0M | $12.4M | $12.1M | $12.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.9M | $4.7M | $6.3M | $339.0K | $235.0K | $734.0K | $1.8M | $482.0K | $2.9M | $279.0K |
| Receivables | — | $78.0M | $70.7M | $50.8M | $48.2M | $36.0M | $59.8M | $52.3M | $46.1M | $45.2M |
| Total current assets | $99.9M | $97.0M | $90.5M | $59.0M | $52.0M | $43.9M | $70.7M | $58.8M | $55.6M | $53.1M |
| Property, plant and equipment | $7.3M | $7.4M | $4.0M | $2.1M | $1.9M | $2.1M | $2.7M | $3.5M | $3.4M | $4.1M |
| Goodwill | $22.1M | $22.1M | $22.1M | $22.1M | $16.4M | $16.4M | $16.4M | $17.5M | $11.7M | $12.3M |
| Other intangibles | — | $0 | $683.0K | $865.0K | $0 | $95.0K | $416.0K | $743.0K | $105.0K | $171.0K |
| Total assets | $134.4M | $132.1M | $120.5M | $88.0M | $72.9M | $68.3M | $96.2M | $81.5M | $73.3M | $69.8M |
| Accounts payable | $9.6M | $13.4M | $12.5M | $14.1M | $9.3M | $7.5M | $6.2M | $10.0M | $8.6M | $8.2M |
| Total current liabilities | $53.9M | $53.6M | $58.2M | $40.4M | $29.9M | $28.7M | $21.4M | $23.2M | $22.2M | $23.7M |
| Total liabilities | $88.4M | $98.6M | $94.7M | $56.0M | $46.9M | $46.1M | $63.8M | $54.3M | $51.2M | $38.6M |
| Retained earnings | $10.4M | -$5.9M | -$19.3M | -$36.1M | -$57.0M | -$68.0M | -$59.1M | -$63.2M | -$65.9M | -$67.9M |
| Total equity | $46.0M | $33.5M | $25.8M | $32.0M | $26.0M | $22.2M | $32.4M | $27.2M | $22.0M | $31.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $19.0M | $6.2M | $12.5M | $28.3M | $915.0K | $25.2M | -$4.8M | -$64.0K | $5.1M | $11.6M |
| Depreciation and amortisation | $1.9M | $2.1M | $1.2M | $1.0M | $1.1M | $1.4M | $1.3M | $1.4M | $1.7M | $1.6M |
| Stock-based compensation | $3.7M | $2.9M | $2.1M | $1.6M | $1.4M | $1.1M | $806.0K | $544.0K | $770.0K | $901.0K |
| Capital expenditure | $1.6M | $2.6M | $2.9M | $889.0K | $568.0K | $460.0K | $367.0K | $1.5M | $1.0M | $846.0K |
| Investing cash flow | -$1.6M | -$2.6M | -$2.5M | -$4.8M | $6.3M | -$460.0K | -$363.0K | -$2.6M | -$1.8M | -$831.0K |
| Financing cash flow | -$19.0M | -$4.8M | -$3.9M | -$23.1M | -$7.6M | -$25.6M | $6.6M | $346.0K | -$826.0K | -$11.6M |
| Dividends paid | — | — | — | — | — | — | — | — | $12.2M | $0 |
| Buybacks | $7.4M | $7.8M | $25.8M | $17.6M | $9.0M | $2.2M | — | — | $365.0K | $4.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-014678.
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