Magna Net Income from 2010 to 2026
| MG Stock | CAD 91.58 0.47 0.52% |
Net Income | First Reported 1985-09-30 | Previous Quarter 305 M | Current Value -1 M | Quarterly Volatility 223.4 M |
Check Magna International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Magna International's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.8 B, Interest Expense of 223.3 M or Selling General Administrative of 1.1 B, as well as many indicators such as Price To Sales Ratio of 0.51, Dividend Yield of 0.0438 or PTB Ratio of 1.1. Magna financial statements analysis is a perfect complement when working with Magna International Valuation or Volatility modules.
Magna | Net Income |
Evaluating Magna International's Net Income across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Magna International's fundamental strength.
Latest Magna International's Net Income Growth Pattern
Below is the plot of the Net Income of Magna International over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Magna International financial statement analysis. It represents the amount of money remaining after all of Magna International operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Magna International's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Magna International's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 843.51 M | 10 Years Trend |
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Net Income |
| Timeline |
Magna Net Income Regression Statistics
| Arithmetic Mean | 1,351,235,260 | |
| Geometric Mean | 1,067,230,517 | |
| Coefficient Of Variation | 47.25 | |
| Mean Deviation | 534,103,842 | |
| Median | 1,433,000,000 | |
| Standard Deviation | 638,484,468 | |
| Sample Variance | 407662.4T | |
| Range | 2.3B | |
| R-Value | (0.17) | |
| Mean Square Error | 421603.7T | |
| R-Squared | 0.03 | |
| Significance | 0.50 | |
| Slope | (22,059,600) | |
| Total Sum of Squares | 6522598.7T |
Magna Net Income History
About Magna International Financial Statements
Magna International investors utilize fundamental indicators, such as Net Income, to predict how Magna Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Income | 843.5 M | 924.7 M | |
| Net Income From Continuing Ops | 986.4 M | 1.2 B | |
| Net Income Applicable To Common Shares | 829 M | 1.1 B | |
| Net Income Per Share | 2.99 | 1.64 | |
| Net Income Per E B T | 0.63 | 0.54 |
Pair Trading with Magna International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Magna International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Magna International will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Magna International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magna International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Magna International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Magna International to buy it.
The correlation of Magna International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Magna International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magna International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Magna International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Magna International Correlation against competitors. To learn how to invest in Magna Stock, please use our How to Invest in Magna International guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.