RadNet, Inc. is the leading national provider of freestanding, fixed-site diagnostic imaging services in the United States based on the number of locations and annual imaging revenue. It offers to its patients and referring physicians the full spectrum of diagnostic imaging exams, including PET/CT, MRI, CT, Nuclear Medicine, Mammography, Ultrasound and X-ray, as well as numerous other procedures. 

Type
Public
HQ
Los Angeles, US
Founded
1980
Size (employees)
5,059 (est)
Website
radnet.com
RadNet was founded in 1980 and is headquartered in Los Angeles, US
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RadNet Office Locations

RadNet has an office in Los Angeles and Milford Mill
Los Angeles, US (HQ)
1510 Cotner Ave
Milford Mill, US
7253 Ambassador Rd
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RadNet Financials and Metrics

RadNet Financials

RadNet's revenue was reported to be $922.19 m in FY, 2017
USD

Revenue (FY, 2017)

922.2 m

Net income (FY, 2017)

2.1 m

EBIT (FY, 2017)

50.1 m

Market capitalization (18-Apr-2018)

663.6 m

Cash (31-Dec-2017)

51.3 m

EV

616.2 m
RadNet's current market capitalization is $663.6 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

703 m717.6 m809.6 m884.5 m922.2 m

Revenue growth, %

2%13%9%

Operating expense total

872.1 m

Depreciation and amortization

66.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

175.2 m168.9 m179.1 m184.1 m181.3 m204.3 m208.4 m216.4 m218.6 m224.6 m229 m230 m

Operating expense total

166.6 m161.3 m163.4 m168.8 m183.2 m190.9 m191.1 m213.4 m210.5 m212.2 m222.3 m215.9 m

EBIT

8.6 m7.5 m15.6 m15.2 m(1.9 m)13.4 m17.2 m3 m8.1 m12.5 m6.7 m14.2 m

EBIT margin, %

5%4%9%8%(1%)7%8%1%4%6%3%6%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

8.4 m307 k446 k20.6 m51.3 m

Accounts Receivable

133.6 m148.2 m162.8 m164.2 m155.5 m

Inventories

21 m24.7 m40.1 m28.4 m

Current Assets

176.3 m192 m230.5 m217.9 m235.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

268 k291 k831 k274 k154 k5.3 m36.1 m410 k433 k358 k8.3 m12.7 m

Accounts Receivable

134.3 m140.6 m147 m155 m153.3 m156 m159.2 m177.8 m165.1 m183.2 m169.5 m170.2 m

Current Assets

158.2 m182.9 m188.3 m197.2 m194.3 m243.4 m256.3 m237.9 m222.6 m237.7 m208.4 m207.7 m

PP&E

217.4 m226.2 m225.5 m225.6 m222.2 m225.9 m232.5 m254.9 m250.4 m249.4 m257.5 m253.2 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

2.4 m1.7 m8.6 m8 m2.1 m

Depreciation and Amortization

58.9 m59.3 m60.6 m66.6 m66.8 m

Accounts Payable

(3.2 m)(9.1 m)(3.7 m)4.9 m

Cash From Operating Activities

66.4 m61 m67 m91.6 m142.2 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(367 k)(12.4 m)5.3 m4.5 m(4.5 m)(913 k)7.4 m(1.4 m)1.9 m3.9 m(860 k)4.8 m

Depreciation and Amortization

14.8 m15.6 m15.2 m14.4 m14.3 m29.2 m43.8 m16.4 m32.2 m49.5 m16.7 m33.3 m

Cash From Operating Activities

28 m40.1 m21 m51.4 m54.7 m30.9 m50.2 m

Purchases of PP&E

(31.6 m)(38.7 m)(22.5 m)(40.3 m)(52.1 m)(30.4 m)(42.6 m)
USDY, 2017

EV/EBIT

12.3 x

EV/CFO

4.3 x

Revenue/Employee

179.8 k

Financial Leverage

12.4 x
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RadNet Operating Metrics

RadNet's Imaging Centers was reported to be 305 in FY, 2016.
FY, 2014FY, 2015FY, 2016

Imaging Centers

259 300 305

Procedures

5 m5.64 m6.11 m
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