What is Futu Holdings Limited's earnings per share (EPS)?

Futu Holdings Limited (FUTU) reported diluted earnings per share of $0.63 for fiscal year 2024. This represents a 28.6% 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.

Futu Holdings Limited Financials

FUTU

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Futu Holdings Limited (FUTU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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 62/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Futu Holdings Limited has an operating margin of 48.7%, meaning the company retains $49 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 50.0% the prior year.

Growth

Futu Holdings Limited's revenue surged 36.5% year-over-year to $1.7B, reflecting rapid business expansion. This strong growth earns a score of 94/100.

Leverage

Futu Holdings Limited has elevated debt relative to equity (D/E of 4.67), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 7/100, reflecting increased financial risk.

Liquidity

Futu Holdings Limited's current ratio of 1.19 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 19/100, which could limit financial flexibility.

Cash Flow

100

Futu Holdings Limited converts 226.8% of revenue into free cash flow ($4.0B). This strong cash generation earns a score of 100/100.

Returns

Futu Holdings Limited's ROE of 19.4% shows moderate profitability relative to equity, earning a score of 54/100. This is up from 17.4% the prior year.

Altman Z-Score Distress

1.20

Futu Holdings Limited scores 1.20, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($18.3B) relative to total liabilities ($16.8B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Weak

3/9

Futu Holdings Limited passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

5.69x

For every $1 of reported earnings, Futu Holdings Limited generates $5.69 in operating cash flow ($4.0B OCF vs $700.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.7B

YoY+36.5%

5Y CAGR+66.6%

Futu Holdings Limited generated $1.7B in revenue in fiscal year 2024. This represents an increase of 36.5% from the prior year.

EBITDA

$861.5M

YoY+32.8%

Futu Holdings Limited's EBITDA was $861.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 32.8% from the prior year.

Net Income

$700.7M

YoY+27.8%

5Y CAGR+101.2%

Futu Holdings Limited reported $700.7M in net income in fiscal year 2024. This represents an increase of 27.8% from the prior year.

EPS (Diluted)

$0.63

YoY+28.6%

5Y CAGR+99.4%

Futu Holdings Limited earned $0.63 per diluted share (EPS) in fiscal year 2024. This represents an increase of 28.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$4.0B

YoY+583.2%

5Y CAGR+75.6%

Futu Holdings Limited generated $4.0B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 583.2% from the prior year.

Cash & Debt

$1.5B

YoY+138.0%

5Y CAGR+100.4%

Futu Holdings Limited held $1.5B in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

82.0%

YoY-2.6pp

5Y CAGR+8.6pp

Futu Holdings Limited's gross margin was 82.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.6 percentage points from the prior year.

Operating Margin

48.7%

YoY-1.3pp

Futu Holdings Limited's operating margin was 48.7% in fiscal year 2024, reflecting core business profitability. This is down 1.3 percentage points from the prior year.

Net Margin

40.1%

YoY-2.7pp

5Y CAGR+24.4pp

Futu Holdings Limited's net profit margin was 40.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.7 percentage points from the prior year.

Return on Equity

19.4%

YoY+2.0pp

5Y CAGR+12.9pp

Futu Holdings Limited's ROE was 19.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 2.0 percentage points from the prior year.

Capital Allocation

R&D Spending

$192.3M

YoY+4.2%

5Y CAGR+41.7%

Futu Holdings Limited invested $192.3M in research and development in fiscal year 2024. This represents an increase of 4.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$21.6M

YoY+116.6%

5Y CAGR+7.3%

Futu Holdings Limited invested $21.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 116.6% from the prior year.

FUTU Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.7B+36.5%	$1.3B+31.3%	$976.0M+7.0%	$912.3M+113.6%	$427.0M+213.3%	$136.3M
Cost of Revenue	$314.8M+60.1%	$196.7M+54.0%	$127.7M-17.4%	$154.6M+72.3%	$89.8M+148.2%	$36.2M
Gross Profit	$1.4B+32.3%	$1.1B+27.9%	$848.3M+12.0%	$757.6M+124.6%	$337.3M+236.9%	$100.1M
R&D Expenses	$192.3M+4.2%	$184.5M+17.8%	$156.6M+51.7%	$103.3M+56.0%	$66.2M+96.6%	$33.7M
SG&A Expenses	$208.6M+24.0%	$168.2M+40.9%	$119.4M+76.0%	$67.8M+111.7%	$32.0M+51.4%	$21.2M
Operating Income	$852.5M+33.0%	$641.1M	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$128.5M+34.1%	$95.8M+80.6%	$53.1M+10.3%	$48.1M+198.8%	$16.1M+920.6%	$1.6M
Net Income	$700.7M+27.8%	$548.1M+46.1%	$375.2M+4.1%	$360.3M+110.8%	$171.0M+703.9%	$21.3M
EPS (Diluted)	$0.63+28.6%	$0.49+48.5%	$0.33+10.0%	$0.30+87.5%	$0.16+700.0%	$0.02

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

FUTU Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$20.4B+64.3%	$12.4B+2.7%	$12.1B-7.0%	$13.0B+41.5%	$9.2B+234.9%	$2.7B
Current Assets	$20.1B+64.3%	$12.2B+2.4%	$11.9B-7.6%	$12.9B	N/A	N/A
Cash & Equivalents	$1.5B+138.0%	$632.1M-1.9%	$644.6M+10.4%	$584.0M+337.6%	$133.4M+186.7%	$46.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$16.8B+81.2%	$9.3B-1.6%	$9.4B-8.6%	$10.3B+27.0%	$8.1B+235.9%	$2.4B
Current Liabilities	$16.8B+81.3%	$9.3B-1.6%	$9.4B-8.5%	$10.3B	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.6B+14.6%	$3.1B+17.6%	$2.7B-0.6%	$2.7B+151.1%	$1.1B+227.5%	$327.2M
Retained Earnings	$1.9B+29.7%	$1.5B+60.3%	$907.4M+70.4%	$532.4M+207.5%	$173.1M+7955.8%	$2.1M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Total Assets	$20.4B+64.3%	$12.4B+2.7%	$12.1B-7.0%	$13.0B+41.5%	$9.2B+234.9%	$2.7B
Current Assets	$20.1B+64.3%	$12.2B+2.4%	$11.9B-7.6%	$12.9B	N/A	N/A
Cash & Equivalents	$1.5B+138.0%	$632.1M-1.9%	$644.6M+10.4%	$584.0M+337.6%	$133.4M+186.7%	$46.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$16.8B+81.2%	$9.3B-1.6%	$9.4B-8.6%	$10.3B+27.0%	$8.1B+235.9%	$2.4B
Current Liabilities	$16.8B+81.3%	$9.3B-1.6%	$9.4B-8.5%	$10.3B	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.6B+14.6%	$3.1B+17.6%	$2.7B-0.6%	$2.7B+151.1%	$1.1B+227.5%	$327.2M
Retained Earnings	$1.9B+29.7%	$1.5B+60.3%	$907.4M+70.4%	$532.4M+207.5%	$173.1M+7955.8%	$2.1M

FUTU Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$4.0B+591.8%	-$811.4M-282.2%	$445.4M-42.2%	$770.8M-70.8%	$2.6B+943.5%	$252.8M
Capital Expenditures	$21.6M+116.6%	$10.0M-14.2%	$11.6M+28.5%	$9.0M+56.9%	$5.8M-62.1%	$15.2M
Free Cash Flow	$4.0B+583.2%	-$821.3M-289.3%	$433.8M-43.1%	$761.8M-71.1%	$2.6B+1007.8%	$237.6M
Investing Cash Flow	$13.4M+104.3%	-$312.9M-2701.4%	$12.0M+109.7%	-$123.5M-292.3%	-$31.5M-53.3%	-$20.5M
Financing Cash Flow	$9.1M-96.9%	$295.5M+132.9%	-$898.5M-166.4%	$1.4B+24.8%	$1.1B+633.4%	$147.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$112.0M-72.2%	$403.2M+166.8%	$151.1M	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

FUTU Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	82.0%-2.6pp	84.7%-2.3pp	86.9%+3.9pp	83.0%+4.1pp	79.0%+5.5pp	73.5%
Operating Margin	48.7%-1.3pp	50.0%	N/A	N/A	N/A	N/A
Net Margin	40.1%-2.7pp	42.8%+4.3pp	38.4%-1.1pp	39.5%-0.5pp	40.0%+24.4pp	15.6%
Return on Equity	19.4%+2.0pp	17.4%+3.4pp	14.0%+0.6pp	13.4%-2.6pp	16.0%+9.5pp	6.5%
Return on Assets	3.4%-1.0pp	4.4%+1.3pp	3.1%+0.3pp	2.8%+0.9pp	1.9%+1.1pp	0.8%
Current Ratio	1.19-0.1	1.32+0.1	1.27+0.0	1.25	N/A	N/A
Debt-to-Equity	4.67+1.7	2.95-0.6	3.53-0.3	3.84-3.7	7.59+0.2	7.40
FCF Margin	226.8%+290.9pp	-64.1%-108.6pp	44.5%-39.0pp	83.5%-533.0pp	616.5%+442.1pp	174.4%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.19-0.1	1.32+0.1	1.27+0.0	1.25	N/A	N/A
Debt-to-Equity	4.67+1.7	2.95-0.6	3.53-0.3	3.84-3.7	7.59+0.2	7.40
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Futu Holdings Limited's annual revenue?

Futu Holdings Limited (FUTU) reported $1.7B in total revenue for fiscal year 2024. This represents a 36.5% 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 Futu Holdings Limited's revenue growing?

Futu Holdings Limited (FUTU) revenue grew by 36.5% year-over-year, from $1.3B to $1.7B in fiscal year 2024.

Is Futu Holdings Limited profitable?

Yes, Futu Holdings Limited (FUTU) reported a net income of $700.7M in fiscal year 2024, with a net profit margin of 40.1%.

What is Futu Holdings Limited's EBITDA?

Futu Holdings Limited (FUTU) had EBITDA of $861.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Futu Holdings Limited's gross margin?

Futu Holdings Limited (FUTU) had a gross margin of 82.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Futu Holdings Limited's operating margin?

Futu Holdings Limited (FUTU) had an operating margin of 48.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Futu Holdings Limited's net profit margin?

Futu Holdings Limited (FUTU) had a net profit margin of 40.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Futu Holdings Limited's return on equity (ROE)?

Futu Holdings Limited (FUTU) has a return on equity of 19.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Futu Holdings Limited's free cash flow?

Futu Holdings Limited (FUTU) generated $4.0B in free cash flow during fiscal year 2024. This represents a 583.2% 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 Futu Holdings Limited's operating cash flow?

Futu Holdings Limited (FUTU) generated $4.0B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Futu Holdings Limited's total assets?

Futu Holdings Limited (FUTU) had $20.4B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Futu Holdings Limited's capital expenditures?

Futu Holdings Limited (FUTU) invested $21.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Futu Holdings Limited spend on research and development?

Futu Holdings Limited (FUTU) invested $192.3M in research and development during fiscal year 2024.

What is Futu Holdings Limited's current ratio?

Futu Holdings Limited (FUTU) had a current ratio of 1.19 as of fiscal year 2024, which is considered adequate.

What is Futu Holdings Limited's debt-to-equity ratio?

Futu Holdings Limited (FUTU) had a debt-to-equity ratio of 4.67 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Futu Holdings Limited's return on assets (ROA)?

Futu Holdings Limited (FUTU) had a return on assets of 3.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Futu Holdings Limited's Altman Z-Score?

Futu Holdings Limited (FUTU) has an Altman Z-Score of 1.20, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Futu Holdings Limited's Piotroski F-Score?

Futu Holdings Limited (FUTU) has a Piotroski F-Score of 3 out of 9, indicating weak 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Futu Holdings Limited's earnings high quality?

Futu Holdings Limited (FUTU) has an earnings quality ratio of 5.69x, 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 Futu Holdings Limited?

Futu Holdings Limited (FUTU) scores 62 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.