Fairfax Historical Income Statement
| FFH Stock | CAD 1,971 15.75 0.81% |
Historical analysis of Fairfax Financial income statement accounts such as Selling General Administrative of 408.7 M or Total Revenue of 27.1 B can show how well Fairfax Financial Holdings performed in making a profits. Evaluating Fairfax Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Fairfax Financial's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Fairfax Financial latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Fairfax Financial is a good buy for the upcoming year.
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About Fairfax Income Statement Analysis
Fairfax Financial Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Fairfax Financial shareholders. The income statement also shows Fairfax investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Fairfax Financial Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Fairfax Financial generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Fairfax Financial Holdings minus its cost of goods sold. It is profit before Fairfax Financial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Fairfax Financial. It is also known as Fairfax Financial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Fairfax Financial operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Fairfax Financial Holdings is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Fairfax Financial financial statement analysis. It represents the amount of money remaining after all of Fairfax Financial Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Fairfax Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Fairfax Financial current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fairfax Financial Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Fairfax Financial's EBIT is very stable compared to the past year. As of the 27th of November 2024, EBITDA is likely to grow to about 6.4 B, while Selling General Administrative is likely to drop about 408.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 513.9M | 452.8M | 510M | 535.5M | Depreciation And Amortization | 930.4M | 677.4M | 896M | 940.8M |
Fairfax Financial income statement Correlations
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Fairfax Financial Account Relationship Matchups
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High Negative Relationship
Fairfax Financial income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 611.5M | 752.1M | 930.4M | 677.4M | 896M | 940.8M | |
| Interest Expense | 472M | 475.9M | 513.9M | 452.8M | 510M | 535.5M | |
| Selling General Administrative | 1.4B | 2.5B | 2.9B | 1.3B | 430.2M | 408.7M | |
| Total Revenue | 21.2B | 19.8B | 25.8B | 25.8B | 25.8B | 27.1B | |
| Gross Profit | 21.2B | 19.8B | 25.8B | 25.8B | 25.8B | 27.1B | |
| Other Operating Expenses | 18.9B | 19.5B | 21.4B | 24.1B | 19.9B | 20.9B | |
| Operating Income | (3.3B) | (4.3B) | (1.0B) | 1.3B | 5.2B | 5.5B | |
| Ebit | (3.3B) | (4.3B) | (1.0B) | 1.3B | 5.2B | 5.5B | |
| Ebitda | (2.7B) | (3.5B) | (100.5M) | 2.0B | 6.1B | 6.4B | |
| Total Operating Expenses | (24.5B) | (24.1B) | (26.8B) | (24.5B) | (20.6B) | (19.6B) | |
| Income Before Tax | 2.2B | 244.1M | 4.4B | 1.7B | 5.9B | 6.2B | |
| Total Other Income Expense Net | 5.5B | 4.5B | 5.4B | 370.4M | 713.1M | 1.4B | |
| Net Income | 2.0B | 37.4M | 3.4B | 1.1B | 4.4B | 4.6B | |
| Income Tax Expense | 261.5M | 206.7M | 726M | 425.2M | 813.4M | 854.1M | |
| Selling And Marketing Expenses | 108.5M | 67.5M | 70.1M | 76.6M | 68.9M | 65.5M | |
| Net Income From Continuing Ops | 2.0B | 37.4M | 3.7B | 1.3B | 5.1B | 5.3B | |
| Net Income Applicable To Common Shares | 2.0B | 174.4M | 3.4B | 1.1B | 1.3B | 1.0B | |
| Minority Interest | 3.5B | 3.7B | (265.5M) | (139.6M) | (713.1M) | (677.4M) | |
| Tax Provision | 261.5M | 206.7M | 726M | 425.2M | 813.4M | 854.1M | |
| Interest Income | 667.2M | 769.2M | 640.8M | 1.8B | 1.9B | 2.0B | |
| Net Interest Income | (472M) | (475.9M) | (513.9M) | (452.8M) | (510M) | (535.5M) | |
| Reconciled Depreciation | 611.5M | 752.1M | 930.4M | 683.6M | 896M | 707.7M |
Pair Trading with Fairfax Financial
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 Fairfax Financial 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 Fairfax Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Fairfax Stock
| 0.73 | ELF | E L Financial | PairCorr |
| 0.88 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.66 | FFH-PK | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Fairfax Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fairfax Financial 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 Fairfax Financial - 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 Fairfax Financial Holdings to buy it.
The correlation of Fairfax Financial 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 Fairfax Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fairfax Financial 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 Fairfax Financial 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.Other Information on Investing in Fairfax Stock
Fairfax Financial Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Fairfax Financial shareholders. The income statement also shows Fairfax investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).