Burford Capital (BUR) Financials

$13.03 -0.13 (-0.99%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$13.04 +0.01 (+0.04%)

As of 05/23/2025 04:04 PM Eastern

Annual Income Statements for Burford Capital

This table shows Burford Capital's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Net Income / (Loss) Attributable to Common Shareholders	146	611	31	-29	143	301	241
Consolidated Net Income / (Loss)	230	718	97	-6.94	157	328	318
Net Income / (Loss) Continuing Operations	230	718	97	-6.94	157	328	318
Total Pre-Tax Income	254	738	109	2.79	180	360	318
Total Operating Income	391	816	195	69	209	396	318
Total Gross Profit	503	959	303	205	311	496	393
Total Revenue	546	1,087	319	217	328	534	437
Operating Revenue	546	1,087	319	217	328	534	437
Total Cost of Revenue	43	127	17	12	17	39	44
Operating Cost of Revenue	43	127	17	12	17	39	44
Total Operating Expenses	112	144	108	137	102	99	76
Selling, General & Admin Expense	31	34	30	65	53	48	66
Other Operating Expenses / (Income)	81	110	78	72	41	42	0.00
Total Other Income / (Expense), net	-137	-77	-86	-66	-28	-37	0.35
Interest Expense	136	99	78	60	39	39	-
Other Income / (Expense), net	-1.42	22	-7.67	-5.50	11	1.96	-1.45
Income Tax Expense	24	20	12	9.73	24	32	-
Net Income / (Loss) Attributable to Noncontrolling Interest	83	108	67	22	14	27	101
Basic Earnings per Share	$0.67	$2.79	$0.14	($0.13)	$0.65	$1.37	-
Weighted Average Basic Shares Outstanding	219.23M	218.87M	218.76M	219.05M	218.92M	218.65M	-
Diluted Earnings per Share	$0.66	$2.74	$0.14	($0.13)	$0.65	$1.37	-
Weighted Average Diluted Shares Outstanding	223.23M	223.01M	221.80M	219.05M	219.64M	219.11M	-
Weighted Average Basic & Diluted Shares Outstanding	219.42M	218.96M	218.58M	219.05M	219.05M	11.25M	-
Cash Dividends to Common per Share	$12.50	$12.50	$12.50	-	-	-	-

This table shows Burford Capital's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025
Period end date	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	31
Consolidated Net Income / (Loss)	37
Net Income / (Loss) Continuing Operations	37
Total Pre-Tax Income	44
Total Operating Income	78
Total Gross Profit	112
Total Revenue	119
Operating Revenue	119
Total Cost of Revenue	6.88
Operating Cost of Revenue	6.88
Total Operating Expenses	34
Selling, General & Admin Expense	23
Other Operating Expenses / (Income)	12
Total Other Income / (Expense), net	-33
Interest Expense	34
Other Income / (Expense), net	0.60
Income Tax Expense	7.57
Net Income / (Loss) Attributable to Noncontrolling Interest	5.98
Basic Earnings per Share	$0.14
Weighted Average Basic Shares Outstanding	219.30M
Diluted Earnings per Share	$0.14
Weighted Average Diluted Shares Outstanding	223.10M
Weighted Average Basic & Diluted Shares Outstanding	218.66M
Cash Dividends to Common per Share	$6.25

This table details how cash moves in and out of Burford Capital's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Net Change in Cash & Equivalents	250	112	-67	-141	48	-122	131
Net Cash From Operating Activities	217	-275	-466	-585	54	-274	-233
Net Cash From Continuing Operating Activities	217	-275	-466	-585	54	-274	732
Net Income / (Loss) Continuing Operations	230	718	97	-6.94	157	328	0.00
Consolidated Net Income / (Loss)	230	718	97	-6.94	157	328	-
Non-Cash Adjustments To Reconcile Net Income	-76	-1,438	-590	-619	-151	-756	732
Changes in Operating Assets and Liabilities, net	63	445	27	38	37	142	-
Net Cash From Investing Activities	-0.66	-3.21	-0.41	-0.29	-0.36	-3.40	-0.10
Net Cash From Continuing Investing Activities	-0.66	-3.21	-0.41	-0.29	-0.36	-3.40	-0.10
Purchase of Property, Plant & Equipment	-0.66	-3.21	-0.41	-0.29	-0.36	-3.40	-0.10
Net Cash From Financing Activities	34	390	399	445	-5.26	155	365
Net Cash From Continuing Financing Activities	34	390	399	445	-5.26	155	180
Repayment of Debt	-56	-138	-88	-43	-4.96	0.00	0.00
Repurchase of Common Equity	-5.09	-3.76	-3.75	0.00	0.00	0.00	-
Payment of Dividends	-190	-27	-28	-41	0.00	-28	-
Issuance of Debt	285	394	357	400	0.00	0.00	180
Other Financing Activities, net	0.00	165	161	129	-0.29	183	-
Cash Interest Paid	154	77	71	51	38	38	-
Cash Income Taxes Paid	20	14	1.84	1.31	11	0.69	-

This table details how cash moves in and out of Burford Capital's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025
Period end date	3/31/2025
Net Change in Cash & Equivalents	16
Net Cash From Operating Activities	155
Net Cash From Continuing Operating Activities	155
Net Income / (Loss) Continuing Operations	37
Consolidated Net Income / (Loss)	37
Non-Cash Adjustments To Reconcile Net Income	23
Changes in Operating Assets and Liabilities, net	95
Net Cash From Investing Activities	-0.02
Net Cash From Continuing Investing Activities	-0.02
Purchase of Property, Plant & Equipment	-0.02
Net Cash From Financing Activities	-139
Net Cash From Continuing Financing Activities	-139
Repayment of Debt	-6.68
Repurchase of Common Equity	-15
Payment of Dividends	-117
Issuance of Debt	0.00
Cash Interest Paid	1.91
Cash Income Taxes Paid	0.43

This table presents Burford Capital's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	1/1/2019
Total Assets	6,175	5,837	4,288	3,742	3,268	3,039	2,549
Total Current Assets	549	328	244	356	339	187	266
Cash & Equivalents	470	221	108	180	322	187	266
Short-Term Investments	79	108	136	175	17	-	-
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	5,626	5,509	4,044	3,386	2,929	2,853	2,279
Goodwill	134	134	134	134	134	134	134
Noncurrent Deferred & Refundable Income Taxes	3.35	0.93	6.44	0.08	0.26	25	29
Other Noncurrent Operating Assets	5,489	5,374	3,904	3,252	2,795	2,685	2,098
Total Liabilities & Shareholders' Equity	6,175	5,837	4,288	3,742	3,268	1,538	2,549
Total Liabilities	2,918	2,630	1,901	1,633	1,244	1,538	1,186
Total Current Liabilities	759	739	17	14	9.56	0.00	0.00
Other Current Liabilities	747	704	-	-	-	-	-
Other Current Nonoperating Liabilities	12	34	17	14	9.56	-	-
Total Noncurrent Liabilities	2,159	1,891	1,884	1,620	1,235	1,538	1,179
Long-Term Debt	1,764	1,535	1,252	1,023	668	665	648
Noncurrent Deferred & Payable Income Tax Liabilities	36	51	51	39	28	9.66	4.10
Noncurrent Employee Benefit Liabilities	218	183	62	-	-	-	-
Other Noncurrent Operating Liabilities	142	122	519	558	539	863	527
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	-	-
Total Equity & Noncontrolling Interests	3,257	3,208	2,387	2,108	2,023	0.00	1,363
Total Preferred & Common Equity	2,419	2,291	1,743	1,696	1,763	0.00	1,363
Total Common Equity	2,419	2,291	1,743	1,696	1,763	0.00	1,363
Common Stock	652	639	625	625	621	0.00	610
Retained Earnings	1,766	1,649	1,074	1,068	1,136	-	-
Treasury Stock	-9.57	-4.48	-3.75	0.00	0.00	-	-
Accumulated Other Comprehensive Income / (Loss)	10	7.31	47	2.92	5.14	-	-
Noncontrolling Interest	837	917	644	412	260	-	-

This table presents Burford Capital's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025
Period end date	3/31/2025
Total Assets	6,181
Total Current Assets	570
Cash & Equivalents	487
Short-Term Investments	84
Plant, Property, & Equipment, net	0.00
Total Noncurrent Assets	5,611
Goodwill	134
Noncurrent Deferred & Refundable Income Taxes	3.20
Other Noncurrent Operating Assets	5,473
Total Liabilities & Shareholders' Equity	6,181
Total Liabilities	3,020
Total Current Liabilities	43
Other Current Nonoperating Liabilities	43
Total Noncurrent Liabilities	2,977
Long-Term Debt	1,765
Noncurrent Deferred & Payable Income Tax Liabilities	42
Noncurrent Employee Benefit Liabilities	197
Other Noncurrent Operating Liabilities	973
Commitments & Contingencies	0.00
Total Equity & Noncontrolling Interests	3,161
Total Preferred & Common Equity	2,434
Total Common Equity	2,434
Common Stock	656
Retained Earnings	1,797
Treasury Stock	-25
Accumulated Other Comprehensive Income / (Loss)	6.09
Noncontrolling Interest	726

This table displays calculated financial ratios and metrics derived from Burford Capital's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	-49.76%	240.48%	47.02%	-33.77%	-38.66%	22.18%	0.00%
EBITDA Growth	-53.53%	347.15%	182.57%	-71.21%	-43.98%	26.21%	0.00%
EBIT Growth	-53.53%	347.15%	196.87%	-71.26%	-44.89%	26.01%	0.00%
NOPAT Growth	-55.43%	355.27%	202.15%	-193.95%	-49.73%	13.74%	0.00%
Net Income Growth	-68.03%	636.92%	1,504.71%	-104.42%	-52.10%	3.19%	0.00%
EPS Growth	-75.91%	1,857.14%	207.69%	-120.00%	-52.55%	0.00%	0.00%
Operating Cash Flow Growth	178.90%	41.07%	20.37%	-1,187.49%	119.68%	-17.25%	0.00%
Free Cash Flow Firm Growth	231.11%	45.83%	24.89%	-199.14%	-254.57%	0.00%	0.00%
Invested Capital Growth	0.78%	30.38%	22.35%	18.08%	19.26%	13.27%	0.00%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	92.09%	88.27%	94.80%	94.59%	94.93%	92.73%	89.88%
EBITDA Margin	71.27%	77.05%	58.67%	30.52%	70.22%	76.89%	74.44%
Operating Margin	71.53%	75.05%	61.07%	31.59%	63.68%	74.17%	72.60%
EBIT Margin	71.27%	77.05%	58.67%	29.05%	66.96%	74.53%	72.27%
Profit (Net Income) Margin	42.04%	66.08%	30.53%	-3.20%	47.88%	61.31%	72.60%
Tax Burden Percent	90.53%	97.28%	89.40%	-248.76%	86.98%	91.13%	99.89%
Interest Burden Percent	65.16%	88.16%	58.21%	4.42%	82.21%	90.27%	100.57%
Effective Tax Rate	9.47%	2.72%	10.60%	348.76%	13.02%	8.87%	0.00%
Return on Invested Capital (ROIC)	7.92%	20.19%	5.62%	-6.62%	8.36%	19.37%	18.16%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.14%	13.54%	-3.39%	25.48%	6.24%	16.54%	18.16%
Return on Net Nonoperating Assets (RNNOA)	-0.82%	5.49%	-1.28%	6.29%	7.15%	28.70%	5.13%
Return on Equity (ROE)	7.10%	25.67%	4.34%	-0.34%	15.52%	48.08%	23.30%
Cash Return on Invested Capital (CROIC)	7.14%	-6.19%	-14.48%	-23.21%	-9.20%	6.93%	0.00%
Operating Return on Assets (OROA)	6.48%	16.54%	4.66%	1.80%	6.96%	14.26%	12.40%
Return on Assets (ROA)	3.82%	14.19%	2.43%	-0.20%	4.98%	11.73%	12.46%
Return on Common Equity (ROCE)	5.18%	18.51%	3.32%	-0.28%	13.52%	48.08%	23.30%
Return on Equity Simple (ROE_SIMPLE)	9.49%	31.35%	5.59%	-0.41%	8.91%	0.00%	23.30%
Net Operating Profit after Tax (NOPAT)	354	793	174	-171	182	361	318
NOPAT Margin	64.76%	73.00%	54.60%	-78.57%	55.39%	67.59%	72.60%
Net Nonoperating Expense Percent (NNEP)	10.05%	6.64%	9.01%	-32.11%	2.12%	2.83%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	7.04%	16.73%	4.79%	-	-	-	-
Cost of Revenue to Revenue	7.91%	11.73%	5.20%	5.41%	5.07%	7.27%	10.12%
SG&A Expenses to Revenue	5.68%	3.10%	9.30%	29.84%	16.15%	8.92%	15.12%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.56%	13.23%	33.73%	63.10%	31.25%	18.56%	17.29%
Earnings before Interest and Taxes (EBIT)	389	837	187	63	220	398	316
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	389	837	187	66	230	411	326
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.15	1.48	1.01	1.32	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	1.22	1.57	1.09	1.44	0.00	0.00	0.00
Price to Revenue (P/Rev)	5.11	3.11	5.49	10.35	0.00	0.00	0.00
Price to Earnings (P/E)	19.06	5.53	57.44	0.00	0.00	0.00	0.00
Dividend Yield	0.98%	0.81%	1.56%	1.83%	0.00%	0.00%	0.00%
Earnings Yield	5.25%	18.07%	1.74%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.08	1.24	1.00	1.19	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	8.87	5.06	10.67	15.32	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	12.45	6.57	18.18	50.17	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	12.45	6.57	18.18	52.71	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	13.70	6.93	19.54	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	22.35	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	15.19	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.54	0.48	0.52	0.49	0.33	0.00	0.48
Long-Term Debt to Equity	0.54	0.48	0.52	0.49	0.33	0.00	0.48
Financial Leverage	0.38	0.41	0.38	0.25	1.15	1.74	0.28
Leverage Ratio	1.86	1.81	1.79	1.70	3.12	4.10	1.87
Compound Leverage Factor	1.21	1.60	1.04	0.08	2.56	3.70	1.88
Debt to Total Capital	35.13%	32.36%	34.41%	32.66%	24.82%	100.00%	32.22%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	35.13%	32.36%	34.41%	32.66%	24.82%	100.00%	32.22%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	16.68%	19.33%	17.71%	13.17%	9.68%	0.00%	0.00%
Common Equity to Total Capital	48.19%	48.30%	47.88%	54.17%	65.51%	0.00%	67.78%
Debt to EBITDA	4.53	1.83	6.69	15.43	2.90	1.62	1.99
Net Debt to EBITDA	3.12	1.44	5.38	10.06	1.43	1.16	1.17
Long-Term Debt to EBITDA	4.53	1.83	6.69	15.43	2.90	1.62	1.99
Debt to NOPAT	4.99	1.93	7.19	-5.99	3.68	1.84	2.04
Net Debt to NOPAT	3.43	1.52	5.79	-3.91	1.81	1.33	1.20
Long-Term Debt to NOPAT	4.99	1.93	7.19	-5.99	3.68	1.84	2.04
Altman Z-Score	1.23	1.74	1.19	1.45	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	27.14%	27.91%	23.51%	16.28%	12.87%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.72	0.44	14.51	25.55	35.44	0.00	0.00
Quick Ratio	0.72	0.44	14.51	25.55	35.44	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	319	-243	-449	-598	-200	129	0.00
Operating Cash Flow to CapEx	32,787.44%	-8,551.74%	-114,521.87%	-205,390.88%	14,951.94%	-8,050.47%	-224,339.42%
Free Cash Flow to Firm to Interest Expense	2.35	-2.45	-5.74	-9.91	-5.12	3.34	0.00
Operating Cash Flow to Interest Expense	1.60	-2.77	-5.96	-9.71	1.38	-7.06	0.00
Operating Cash Flow Less CapEx to Interest Expense	1.59	-2.80	-5.96	-9.71	1.37	-7.15	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.09	0.21	0.08	0.06	0.10	0.19	0.17
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	4,484	4,449	3,412	2,789	2,362	1,980	1,748
Invested Capital Turnover	0.12	0.28	0.10	0.08	0.15	0.29	0.25
Increase / (Decrease) in Invested Capital	35	1,037	623	427	381	232	0.00
Enterprise Value (EV)	4,844	5,502	3,405	3,325	0.00	0.00	0.00
Market Capitalization	2,792	3,379	1,752	2,246	0.00	0.00	0.00
Book Value per Share	$11.05	$10.48	$7.96	$7.74	$8.05	$0.00	$0.00
Tangible Book Value per Share	$10.44	$9.87	$7.34	$7.13	$7.44	($0.65)	$0.00
Total Capital	5,020	4,743	3,639	3,131	2,691	665	2,011
Total Debt	1,764	1,535	1,252	1,023	668	665	648
Total Long-Term Debt	1,764	1,535	1,252	1,023	668	665	648
Net Debt	1,215	1,207	1,008	667	329	479	382
Capital Expenditures (CapEx)	0.66	3.21	0.41	0.29	0.36	3.40	0.10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-759	-739	-17	-14	-9.56	0.00	0.00
Debt-free Net Working Capital (DFNWC)	-210	-411	227	342	329	187	266
Net Working Capital (NWC)	-210	-411	227	342	329	187	266
Net Nonoperating Expense (NNE)	124	75	77	-164	25	34	0.00
Net Nonoperating Obligations (NNO)	1,227	1,241	1,025	681	339	1,980	385
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	3.19	11	13	9.49
Debt-free, Cash-free Net Working Capital to Revenue	-139.02%	-67.96%	-5.27%	-6.41%	-2.91%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	-38.49%	-37.77%	71.17%	157.36%	100.38%	34.92%	60.71%
Net Working Capital to Revenue	-38.49%	-37.77%	71.17%	157.36%	100.38%	34.92%	60.71%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.67	$2.79	$0.14	($0.33)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	219.23M	218.87M	218.76M	219.05M	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$0.66	$2.74	$0.14	($0.33)	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	223.23M	223.01M	221.80M	219.70M	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	219.42M	218.96M	218.58M	219.05M	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	354	793	174	48	182	361	222
Normalized NOPAT Margin	64.76%	73.00%	54.60%	22.11%	55.39%	67.59%	50.82%
Pre Tax Income Margin	46.44%	67.93%	34.15%	1.28%	55.05%	67.28%	72.68%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	2.87	8.45	2.39	1.05	5.62	10.28	0.00
NOPAT to Interest Expense	2.61	8.00	2.23	-2.83	4.65	9.32	0.00
EBIT Less CapEx to Interest Expense	2.87	8.41	2.39	1.04	5.61	10.19	0.00
NOPAT Less CapEx to Interest Expense	2.60	7.97	2.22	-2.83	4.64	9.24	0.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	82.73%	3.83%	28.39%	-591.67%	0.00%	8.67%	0.00%
Augmented Payout Ratio	84.95%	4.35%	32.23%	-591.67%	0.00%	8.67%	0.00%

This table displays calculated financial ratios and metrics derived from Burford Capital's official financial filings.

Metric	Q1 2025
Period end date	3/31/2025
Growth Metrics	-
Revenue Growth	168.34%
EBITDA Growth	473.42%
EBIT Growth	473.42%
NOPAT Growth	551.14%
Net Income Growth	310.94%
EPS Growth	200.00%
Operating Cash Flow Growth	192.98%
Free Cash Flow Firm Growth	0.00%
Invested Capital Growth	0.00%
Revenue Q/Q Growth	0.00%
EBITDA Q/Q Growth	0.00%
EBIT Q/Q Growth	0.00%
NOPAT Q/Q Growth	0.00%
Net Income Q/Q Growth	0.00%
EPS Q/Q Growth	0.00%
Operating Cash Flow Q/Q Growth	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%
Invested Capital Q/Q Growth	0.00%
Profitability Metrics	-
Gross Margin	94.22%
EBITDA Margin	65.93%
Operating Margin	65.42%
EBIT Margin	65.93%
Profit (Net Income) Margin	31.05%
Tax Burden Percent	82.98%
Interest Burden Percent	56.76%
Effective Tax Rate	17.02%
Return on Invested Capital (ROIC)	15.32%
ROIC Less NNEP Spread (ROIC-NNEP)	10.86%
Return on Net Nonoperating Assets (RNNOA)	4.25%
Return on Equity (ROE)	19.57%
Cash Return on Invested Capital (CROIC)	0.00%
Operating Return on Assets (OROA)	6.62%
Return on Assets (ROA)	3.12%
Return on Common Equity (ROCE)	15.08%
Return on Equity Simple (ROE_SIMPLE)	11.67%
Net Operating Profit after Tax (NOPAT)	65
NOPAT Margin	54.29%
Net Nonoperating Expense Percent (NNEP)	4.46%
Return On Investment Capital (ROIC_SIMPLE)	1.31%
Cost of Revenue to Revenue	5.78%
SG&A Expenses to Revenue	19.02%
R&D to Revenue	0.00%
Operating Expenses to Revenue	28.80%
Earnings before Interest and Taxes (EBIT)	78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	78
Valuation Ratios	-
Price to Book Value (P/BV)	1.19
Price to Tangible Book Value (P/TBV)	1.26
Price to Revenue (P/Rev)	4.67
Price to Earnings (P/E)	13.98
Dividend Yield	0.95%
Earnings Yield	7.15%
Enterprise Value to Invested Capital (EV/IC)	1.10
Enterprise Value to Revenue (EV/Rev)	7.76
Enterprise Value to EBITDA (EV/EBITDA)	10.62
Enterprise Value to EBIT (EV/EBIT)	10.62
Enterprise Value to NOPAT (EV/NOPAT)	11.84
Enterprise Value to Operating Cash Flow (EV/OCF)	15.11
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00
Leverage & Solvency	-
Debt to Equity	0.56
Long-Term Debt to Equity	0.56
Financial Leverage	0.39
Leverage Ratio	1.96
Compound Leverage Factor	1.11
Debt to Total Capital	35.83%
Short-Term Debt to Total Capital	0.00%
Long-Term Debt to Total Capital	35.83%
Preferred Equity to Total Capital	0.00%
Noncontrolling Interests to Total Capital	14.74%
Common Equity to Total Capital	49.43%
Debt to EBITDA	3.89
Net Debt to EBITDA	2.63
Long-Term Debt to EBITDA	3.89
Debt to NOPAT	4.34
Net Debt to NOPAT	2.94
Long-Term Debt to NOPAT	4.34
Altman Z-Score	1.23
Noncontrolling Interest Sharing Ratio	22.98%
Liquidity Ratios	-
Current Ratio	13.27
Quick Ratio	13.27
Cash Flow Metrics	-
Free Cash Flow to Firm (FCFF)	-4,334
Operating Cash Flow to CapEx	646,541.67%
Free Cash Flow to Firm to Interest Expense	-127.91
Operating Cash Flow to Interest Expense	4.58
Operating Cash Flow Less CapEx to Interest Expense	4.58
Efficiency Ratios	-
Asset Turnover	0.10
Accounts Receivable Turnover	0.00
Inventory Turnover	0.00
Fixed Asset Turnover	0.00
Accounts Payable Turnover	0.00
Days Sales Outstanding (DSO)	0.00
Days Inventory Outstanding (DIO)	0.00
Days Payable Outstanding (DPO)	0.00
Cash Conversion Cycle (CCC)	0.00
Capital & Investment Metrics	-
Invested Capital	4,398
Invested Capital Turnover	0.28
Increase / (Decrease) in Invested Capital	4,398
Enterprise Value (EV)	4,819
Market Capitalization	2,899
Book Value per Share	$11.09
Tangible Book Value per Share	$10.48
Total Capital	4,925
Total Debt	1,765
Total Long-Term Debt	1,765
Net Debt	1,195
Capital Expenditures (CapEx)	0.02
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-43
Debt-free Net Working Capital (DFNWC)	527
Net Working Capital (NWC)	527
Net Nonoperating Expense (NNE)	28
Net Nonoperating Obligations (NNO)	1,238
Total Depreciation and Amortization (D&A)	0.00
Debt-free, Cash-free Net Working Capital to Revenue	-6.92%
Debt-free Net Working Capital to Revenue	84.95%
Net Working Capital to Revenue	84.95%
Earnings Adjustments	-
Adjusted Basic Earnings per Share	$0.14
Adjusted Weighted Average Basic Shares Outstanding	219.30M
Adjusted Diluted Earnings per Share	$0.14
Adjusted Weighted Average Diluted Shares Outstanding	223.10M
Adjusted Basic & Diluted Earnings per Share	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	218.66M
Normalized Net Operating Profit after Tax (NOPAT)	65
Normalized NOPAT Margin	54.29%
Pre Tax Income Margin	37.42%
Debt Service Ratios	-
EBIT to Interest Expense	2.31
NOPAT to Interest Expense	1.90
EBIT Less CapEx to Interest Expense	2.31
NOPAT Less CapEx to Interest Expense	1.90
Payout Ratios	-
Dividend Payout Ratio	85.29%
Augmented Payout Ratio	90.94%

Frequently Asked Questions About Burford Capital's Financials

When does Burford Capital's fiscal year end?

According to the most recent income statement we have on file, Burford Capital's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Burford Capital's net income changed over the last 6 years?

Burford Capital's net income appears to be on an upward trend, with a most recent value of $229.58 million in 2024, falling from $317.58 million in 2018. The previous period was $718.20 million in 2023. See Burford Capital's forecast for analyst expectations on what’s next for the company.

What is Burford Capital's operating income?

Burford Capital's total operating income in 2024 was $390.60 million, based on the following breakdown:

Total Gross Profit: $502.88 million
Total Operating Expenses: $112.28 million

How has Burford Capital revenue changed over the last 6 years?

Over the last 6 years, Burford Capital's total revenue changed from $437.44 million in 2018 to $546.09 million in 2024, a change of 24.8%.

How much debt does Burford Capital have?

Burford Capital's total liabilities were at $2.92 billion at the end of 2024, a 11.0% increase from 2023, and a 146.1% increase since 2018.

How much cash does Burford Capital have?

In the past 6 years, Burford Capital's cash and equivalents has ranged from $107.66 million in 2022 to $469.93 million in 2024, and is currently $469.93 million as of their latest financial filing in 2024.

How has Burford Capital's book value per share changed over the last 6 years?

Over the last 6 years, Burford Capital's book value per share changed from 0.00 in 2018 to 11.05 in 2024, a change of 1,105.0%.

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This page (NYSE:BUR) was last updated on 5/25/2025 by MarketBeat.com Staff

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Burford Capital (BUR) Financials

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