What is Simplify Managed Futures Strategy ETF's earnings per share (EPS)?

Simplify Managed Futures Strategy ETF (CTA) reported diluted earnings per share of $2.85 for fiscal year 2016. This represents a 36.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Simplify Managed Futures Strategy ETF Financials

CTA

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2019 Currency USD FYE December

This page shows Simplify Managed Futures Strategy ETF (CTA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 53/100

Based on FY2016 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Simplify Managed Futures Strategy ETF's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Simplify Managed Futures Strategy ETF's revenue declined 2.1% year-over-year, from $25.1B to $24.6B. This contraction results in a growth score of 22/100.

Leverage

Simplify Managed Futures Strategy ETF carries a low D/E ratio of 0.81, meaning only $0.81 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Simplify Managed Futures Strategy ETF's current ratio of 1.92 indicates adequate short-term liquidity, earning a score of 35/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Simplify Managed Futures Strategy ETF has a free cash flow margin of 9.3%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Simplify Managed Futures Strategy ETF's ROE of 25.1% shows moderate profitability relative to equity, earning a score of 64/100. This is up from 19.5% the prior year.

Piotroski F-Score Strong

8/9

Simplify Managed Futures Strategy ETF passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.31x

For every $1 of reported earnings, Simplify Managed Futures Strategy ETF generates $1.31 in operating cash flow ($3.3B OCF vs $2.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$24.6B

YoY-2.1%

5Y CAGR-6.1%

Simplify Managed Futures Strategy ETF generated $24.6B in revenue in fiscal year 2016. This represents a decrease of 2.1% from the prior year.

EBITDA

N/A

Net Income

$2.5B

YoY+28.7%

5Y CAGR-6.7%

Simplify Managed Futures Strategy ETF reported $2.5B in net income in fiscal year 2016. This represents an increase of 28.7% from the prior year.

EPS (Diluted)

$2.85

YoY+36.4%

5Y CAGR-3.4%

Simplify Managed Futures Strategy ETF earned $2.85 per diluted share (EPS) in fiscal year 2016. This represents an increase of 36.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$2.3B

YoY+232.0%

5Y CAGR-7.2%

Simplify Managed Futures Strategy ETF generated $2.3B in free cash flow in fiscal year 2016, representing cash available after capex. This represents an increase of 232.0% from the prior year.

Cash & Debt

$4.6B

YoY-13.1%

5Y CAGR+5.1%

Simplify Managed Futures Strategy ETF held $4.6B in cash against $8.1B in long-term debt as of fiscal year 2016.

Dividends Per Share

$1.52

YoY-11.6%

5Y CAGR-1.5%

Simplify Managed Futures Strategy ETF paid $1.52 per share in dividends in fiscal year 2016. This represents a decrease of 11.6% from the prior year.

Shares Outstanding

865M

YoY-0.8%

5Y CAGR-1.5%

Simplify Managed Futures Strategy ETF had 865M shares outstanding in fiscal year 2016. This represents a decrease of 0.8% from the prior year.

Margins & Returns

Gross Margin

41.2%

YoY+1.3pp

5Y CAGR+4.3pp

Simplify Managed Futures Strategy ETF's gross margin was 41.2% in fiscal year 2016, indicating the percentage of revenue retained after direct costs. This is up 1.3 percentage points from the prior year.

Operating Margin

N/A

Net Margin

10.2%

YoY+2.4pp

5Y CAGR-0.4pp

Simplify Managed Futures Strategy ETF's net profit margin was 10.2% in fiscal year 2016, showing the share of revenue converted to profit. This is up 2.4 percentage points from the prior year.

Return on Equity

25.1%

YoY+5.6pp

5Y CAGR-16.3pp

Simplify Managed Futures Strategy ETF's ROE was 25.1% in fiscal year 2016, measuring profit generated per dollar of shareholder equity. This is up 5.6 percentage points from the prior year.

Capital Allocation

R&D Spending

$1.6B

YoY-13.5%

5Y CAGR-3.5%

Simplify Managed Futures Strategy ETF invested $1.6B in research and development in fiscal year 2016. This represents a decrease of 13.5% from the prior year.

Share Buybacks

$916.0M

YoY-61.1%

5Y CAGR+6.4%

Simplify Managed Futures Strategy ETF spent $916.0M on share buybacks in fiscal year 2016, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 61.1% from the prior year.

Capital Expenditures

$1.0B

YoY-37.4%

5Y CAGR-11.2%

Simplify Managed Futures Strategy ETF invested $1.0B in capex in fiscal year 2016, funding long-term assets and infrastructure. This represents a decrease of 37.4% from the prior year.

CTA Income Statement

Metric	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$24.6B-2.1%	$25.1B-11.5%	$28.4B-2.0%	$29.0B-16.7%	$34.8B+3.4%	$33.7B
Cost of Revenue	$14.5B-4.3%	$15.1B-11.2%	$17.0B-3.5%	$17.6B-17.6%	$21.4B+0.6%	$21.3B
Gross Profit	$10.1B+1.1%	$10.0B-12.0%	$11.4B+0.2%	$11.4B-15.3%	$13.4B+8.0%	$12.4B
R&D Expenses	$1.6B-13.5%	$1.9B-3.1%	$2.0B-3.9%	$2.0B-4.1%	$2.1B+8.3%	$2.0B
SG&A Expenses	$4.3B-6.4%	$4.6B-5.6%	$4.9B-8.4%	$5.3B-9.2%	$5.9B+77.8%	$3.3B
Operating Income	N/A	N/A	$6.4B+18.4%	$5.4B0.0%	$5.4B-8.7%	$5.9B
Interest Expense	$370.0M+8.2%	$342.0M-9.3%	$377.0M-15.8%	$448.0M-3.4%	$464.0M+3.8%	$447.0M
Income Tax	$744.0M+6.9%	$696.0M-40.4%	$1.2B+224.4%	$360.0M-41.6%	$616.0M-4.8%	$647.0M
Net Income	$2.5B+28.7%	$2.0B-46.1%	$3.6B-25.2%	$4.8B+76.0%	$2.8B-22.6%	$3.6B
EPS (Diluted)	$2.85+36.4%	$2.09-38.3%	$3.39+44.9%	$2.34-9.7%	$2.59-23.4%	$3.38

Metric	Q1'19	Q4'18	Q3'18	Q2'18	Q1'18	Q4'17	Q2'17	Q1'17
Revenue	$6.3B	N/A	N/A	N/A	$6.7B	N/A	$7.4B-4.1%	$7.7B
Cost of Revenue	$4.2B	N/A	N/A	N/A	$4.8B	N/A	$4.2B-4.1%	$4.4B
Gross Profit	$2.1B	N/A	N/A	N/A	$1.9B	N/A	$3.2B-4.2%	$3.4B
R&D Expenses	$355.0M	N/A	N/A	N/A	$382.0M	N/A	$441.0M+6.0%	$416.0M
SG&A Expenses	$970.0M	N/A	N/A	N/A	$959.0M	N/A	$1.3B+7.0%	$1.3B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$56.0M	N/A	N/A	N/A	$80.0M	N/A	$99.0M+17.9%	$84.0M
Income Tax	-$40.0M	N/A	N/A	N/A	$27.0M	N/A	$128.0M-42.9%	$224.0M
Net Income	$85.0M	N/A	N/A	N/A	-$228.0M	N/A	$862.0M-22.6%	$1.1B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	$0.97-36.2%	$1.52

CTA Balance Sheet

Metric	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$40.0B-2.9%	$41.2B-18.5%	$50.5B-3.2%	$52.1B+4.6%	$49.9B+2.5%	$48.6B
Current Assets	$17.1B-1.6%	$17.4B-33.3%	$26.1B+7.0%	$24.4B+14.4%	$21.3B+18.0%	$18.1B
Cash & Equivalents	$4.6B-13.1%	$5.3B-23.3%	$6.9B-22.7%	$8.9B+108.7%	$4.3B+19.5%	$3.6B
Inventory	$5.7B-7.6%	$6.1B-9.5%	$6.8B-15.6%	$8.0B+6.3%	$7.6B+5.1%	$7.2B
Accounts Receivable	$3.6B+5.1%	$3.4B-6.9%	$3.7B-19.3%	$4.6B+12.4%	$4.1B-11.5%	$4.6B
Goodwill	$4.2B-1.6%	$4.2B-1.9%	$4.3B-4.1%	$4.5B-2.2%	$4.6B-14.7%	$5.4B
Total Liabilities	$29.8B-3.9%	$31.0B-16.6%	$37.1B+5.4%	$35.2B-11.0%	$39.6B+0.3%	$39.4B
Current Liabilities	$8.9B-13.8%	$10.3B-25.3%	$13.8B+3.3%	$13.4B-1.4%	$13.6B+21.2%	$11.2B
Long-Term Debt	$8.1B+6.1%	$7.6B-17.3%	$9.2B-14.0%	$10.7B+2.7%	$10.4B-10.9%	$11.7B
Total Equity	$10.0B+0.1%	$10.0B-25.0%	$13.3B-17.9%	$16.2B+59.0%	$10.2B+18.8%	$8.6B
Retained Earnings	$14.9B+2.9%	$14.5B-14.1%	$16.9B+0.7%	$16.8B+16.7%	$14.4B+7.2%	$13.4B

Metric	Q1'19	Q4'18	Q3'18	Q2'18	Q1'18	Q4'17	Q2'17	Q1'17
Total Assets	$101.8B+0.8%	$101.0B-0.7%	$101.7B-5.8%	$108.0B-3.5%	$111.9B-1.0%	$113.0B+161.5%	$43.2B+3.2%	$41.9B
Current Assets	$19.2B+3.4%	$18.6B-1.7%	$18.9B-6.1%	$20.1B-7.1%	$21.7B-6.0%	$23.1B+14.6%	$20.1B+5.6%	$19.1B
Cash & Equivalents	$3.8B-15.0%	$4.5B+26.3%	$3.5B-20.0%	$4.4B-13.2%	$5.1B-29.7%	$7.3B+122.8%	$3.3B-2.8%	$3.3B
Inventory	$7.1B-3.5%	$7.4B+8.1%	$6.9B+8.7%	$6.3B-20.2%	$7.9B-8.5%	$8.6B+77.8%	$4.9B-8.2%	$5.3B
Accounts Receivable	N/A	$3.9B	N/A	N/A	N/A	$3.8B	N/A	N/A
Goodwill	$40.6B-0.1%	$40.7B-0.7%	$41.0B-9.9%	$45.5B-2.0%	$46.4B+1.9%	$45.6B+977.2%	$4.2B+1.4%	$4.2B
Total Liabilities	$32.2B+3.4%	$31.2B-10.9%	$35.0B-1.4%	$35.5B-4.5%	$37.2B-2.7%	$38.2B+24.8%	$30.6B+1.3%	$30.2B
Current Liabilities	$11.9B+4.4%	$11.4B+1.5%	$11.3B+3.7%	$10.9B-9.2%	$12.0B-1.5%	$12.1B+16.3%	$10.4B+6.4%	$9.8B
Long-Term Debt	$6.3B+8.7%	$5.8B-43.1%	$10.2B+4.9%	$9.7B-0.2%	$9.7B-5.3%	$10.3B+2.0%	$10.1B+24.5%	$8.1B
Total Equity	$69.6B-0.4%	$69.9B+4.7%	$66.7B-8.0%	$72.5B-2.9%	$74.7B0.0%	$74.8B+503.5%	$12.4B+8.4%	$11.4B
Retained Earnings	-$7.9B-3.1%	-$7.7B-9.7%	-$7.0B-481.8%	-$1.2B-36.3%	-$881.0M-603.4%	$175.0M-98.9%	$16.2B+3.4%	$15.7B

CTA Cash Flow Statement

Metric	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$3.3B+42.5%	$2.3B-37.6%	$3.7B+16.8%	$3.2B-34.4%	$4.8B-5.9%	$5.2B
Capital Expenditures	$1.0B-37.4%	$1.6B-19.4%	$2.0B+7.3%	$1.9B+5.0%	$1.8B-2.7%	$1.8B
Free Cash Flow	$2.3B+232.0%	$687.0M-59.4%	$1.7B+30.5%	$1.3B-57.6%	$3.1B-7.6%	$3.3B
Investing Cash Flow	-$1.5B+17.2%	-$1.8B-442.4%	-$337.0M-111.4%	$2.9B+318.8%	-$1.3B+78.4%	-$6.2B
Financing Cash Flow	-$2.3B-27.7%	-$1.8B+64.1%	-$5.1B-244.2%	-$1.5B+45.3%	-$2.7B-769.2%	$403.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$916.0M-61.1%	$2.4B+17.6%	$2.0B+100.0%	$1.0B+150.0%	$400.0M-40.5%	$672.0M

Metric	Q1'19	Q4'18	Q3'18	Q2'18	Q1'18	Q4'17	Q2'17	Q1'17
Operating Cash Flow	-$1.4B	N/A	N/A	N/A	-$2.0B	N/A	-$2.4B-49.7%	-$1.6B
Capital Expenditures	$625.0M	N/A	N/A	N/A	$355.0M	N/A	$194.0M-41.2%	$330.0M
Free Cash Flow	-$2.0B	N/A	N/A	N/A	-$2.3B	N/A	-$2.6B-34.3%	-$2.0B
Investing Cash Flow	-$514.0M	N/A	N/A	N/A	$382.0M	N/A	-$597.0M+55.3%	-$1.3B
Financing Cash Flow	$1.2B	N/A	N/A	N/A	-$694.0M	N/A	$2.9B+76.1%	$1.6B
Dividends Paid	$2.0M	N/A	N/A	N/A	$2.0M	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CTA Financial Ratios

Metric	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	41.2%+1.3pp	39.9%-0.2pp	40.1%+0.9pp	39.2%+0.6pp	38.5%+1.7pp	36.9%
Operating Margin	N/A	N/A	22.4%+3.9pp	18.5%+3.1pp	15.4%-2.0pp	17.5%
Net Margin	10.2%+2.4pp	7.8%-5.0pp	12.8%-4.0pp	16.7%+8.8pp	7.9%-2.7pp	10.6%
Return on Equity	25.1%+5.6pp	19.5%-7.7pp	27.2%-2.7pp	29.9%+2.9pp	27.0%-14.4pp	41.4%
Return on Assets	6.3%+1.6pp	4.7%-2.4pp	7.2%-2.1pp	9.3%+3.8pp	5.5%-1.8pp	7.3%
Current Ratio	1.92+0.2	1.69-0.2	1.89+0.1	1.82+0.3	1.57-0.0	1.61
Debt-to-Equity	0.81+0.0	0.76+0.1	0.69+0.0	0.66-0.4	1.02-0.3	1.36
FCF Margin	9.3%+6.5pp	2.7%-3.2pp	6.0%+1.5pp	4.5%-4.3pp	8.8%-1.0pp	9.8%

Metric	Q1'19	Q4'18	Q3'18	Q2'18	Q1'18	Q4'17	Q2'17	Q1'17
Gross Margin	32.6%	N/A	N/A	N/A	27.7%	N/A	43.5%-0.0pp	43.5%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	1.4%	N/A	N/A	N/A	-3.4%	N/A	11.6%-2.8pp	14.4%
Return on Equity	0.1%	N/A	N/A	N/A	-0.3%	N/A	7.0%-2.8pp	9.7%
Return on Assets	0.1%	N/A	N/A	N/A	-0.2%	N/A	2.0%-0.7pp	2.7%
Current Ratio	1.61-0.0	1.63-0.1	1.68-0.2	1.85+0.0	1.81-0.1	1.90-0.0	1.93-0.0	1.94
Debt-to-Equity	0.090.0	0.08-0.1	0.15+0.0	0.130.0	0.130.0	0.14-0.7	0.81+0.1	0.71
FCF Margin	-32.6%	N/A	N/A	N/A	-34.8%	N/A	-35.4%-10.1pp	-25.2%

Frequently Asked Questions

What is Simplify Managed Futures Strategy ETF's annual revenue?

Simplify Managed Futures Strategy ETF (CTA) reported $24.6B in total revenue for fiscal year 2016. This represents a -2.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Simplify Managed Futures Strategy ETF's revenue growing?

Simplify Managed Futures Strategy ETF (CTA) revenue declined by 2.1% year-over-year, from $25.1B to $24.6B in fiscal year 2016.

Is Simplify Managed Futures Strategy ETF profitable?

Yes, Simplify Managed Futures Strategy ETF (CTA) reported a net income of $2.5B in fiscal year 2016, with a net profit margin of 10.2%.

How much debt does Simplify Managed Futures Strategy ETF have?

As of fiscal year 2016, Simplify Managed Futures Strategy ETF (CTA) had $4.6B in cash and equivalents against $8.1B in long-term debt.

What is Simplify Managed Futures Strategy ETF's gross margin?

Simplify Managed Futures Strategy ETF (CTA) had a gross margin of 41.2% in fiscal year 2016, indicating the percentage of revenue retained after direct costs of goods sold.

What is Simplify Managed Futures Strategy ETF's net profit margin?

Simplify Managed Futures Strategy ETF (CTA) had a net profit margin of 10.2% in fiscal year 2016, representing the share of revenue converted into profit after all expenses.

Does Simplify Managed Futures Strategy ETF pay dividends?

Yes, Simplify Managed Futures Strategy ETF (CTA) paid $1.52 per share in dividends during fiscal year 2016.

What is Simplify Managed Futures Strategy ETF's return on equity (ROE)?

Simplify Managed Futures Strategy ETF (CTA) has a return on equity of 25.1% for fiscal year 2016, measuring how efficiently the company generates profit from shareholder equity.

What is Simplify Managed Futures Strategy ETF's free cash flow?

Simplify Managed Futures Strategy ETF (CTA) generated $2.3B in free cash flow during fiscal year 2016. This represents a 232.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Simplify Managed Futures Strategy ETF's operating cash flow?

Simplify Managed Futures Strategy ETF (CTA) generated $3.3B in operating cash flow during fiscal year 2016, representing cash generated from core business activities.

What are Simplify Managed Futures Strategy ETF's total assets?

Simplify Managed Futures Strategy ETF (CTA) had $40.0B in total assets as of fiscal year 2016, including both current and long-term assets.

What are Simplify Managed Futures Strategy ETF's capital expenditures?

Simplify Managed Futures Strategy ETF (CTA) invested $1.0B in capital expenditures during fiscal year 2016, funding long-term assets and infrastructure.

How much does Simplify Managed Futures Strategy ETF spend on research and development?

Simplify Managed Futures Strategy ETF (CTA) invested $1.6B in research and development during fiscal year 2016.

Does Simplify Managed Futures Strategy ETF buy back shares?

Yes, Simplify Managed Futures Strategy ETF (CTA) spent $916.0M on share buybacks during fiscal year 2016, returning capital to shareholders by reducing shares outstanding.

How many shares does Simplify Managed Futures Strategy ETF have outstanding?

Simplify Managed Futures Strategy ETF (CTA) had 865M shares outstanding as of fiscal year 2016.

What is Simplify Managed Futures Strategy ETF's current ratio?

Simplify Managed Futures Strategy ETF (CTA) had a current ratio of 1.92 as of fiscal year 2016, which is generally considered healthy.

What is Simplify Managed Futures Strategy ETF's debt-to-equity ratio?

Simplify Managed Futures Strategy ETF (CTA) had a debt-to-equity ratio of 0.81 as of fiscal year 2016, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Simplify Managed Futures Strategy ETF's return on assets (ROA)?

Simplify Managed Futures Strategy ETF (CTA) had a return on assets of 6.3% for fiscal year 2016, measuring how efficiently the company uses its assets to generate profit.

What is Simplify Managed Futures Strategy ETF's Piotroski F-Score?

Simplify Managed Futures Strategy ETF (CTA) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Simplify Managed Futures Strategy ETF's earnings high quality?

Simplify Managed Futures Strategy ETF (CTA) has an earnings quality ratio of 1.31x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Simplify Managed Futures Strategy ETF?

Simplify Managed Futures Strategy ETF (CTA) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.