North American Financial 15 Split Corp.
TSX:FFN.TO · Toronto Stock Exchange
+$0.27 today
Vol 0.13M · Avg 0.23M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
TSX:FFN.TO · Revenue to Net Income
Key Ratios
Analysis
$465.1M of revenue converted into $450.8M of net income for the selected period. Gross margin is 79.2% and net margin is 339.1%, showing how much revenue survives after costs and taxes. EPS is $7.89, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $58.4M -84.0% | $364.0M +2086.5% | -$18.3M -177.1% | $23.8M -73.6% | $89.9M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $8.4M +91.4% | $4.4M -28.1% | $6.1M -5.5% | $6.5M +46.5% | $4.4M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $50.0M -86.1% | $359.7M +2062.5% | -$18.3M -205.8% | $17.3M -79.7% | $85.5M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 85.6% -13.2pp | 98.8% -1.2pp | 100.0% +27.2pp | 72.8% -22.3pp | 95.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 -100.0% | $6 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $767.6K -8.9% | $842.9K +11.4% | $756.7K -36.0% | $1.2M -16.8% | $1.4M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | -$170.9M -2529.6% | $7.0M +16.5% | $6.0M -6.0% | $6.4M +46.5% | $4.4M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $0 | $0 | $0 -100.0% | $7.0M | $0 | $374.2M | $1.2B | $631.8M |
| EBITDA | $220.0M -37.9% | $354.1M +1398.4% | -$27.3M -282.3% | -$7.1M -108.1% | $88.0M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 376.6% +279.3pp | 97.3% -51.6pp | 148.8% +178.8pp | -30.0% -127.9pp | 97.9% | 5.6% | 46.3% | 42.0% |
| Operating Income | $220.9M -38.0% | $356.2M +1405.9% | -$27.3M -282.3% | -$7.1M -108.1% | $88.0M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 378.1% +280.3pp | 97.8% -51.0pp | 148.8% +178.8pp | -30.0% -127.9pp | 97.9% | 16.6% | 24.1% | 22.0% |
| Interest Income | $30.8M +905.7% | $3.1M -4.9% | $3.2M +244.1% | $937.0K -94.7% | $17.6M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $48.4M | $0 | $0 | $0 | $0 | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$49.3M +3.8% | -$51.3M -18.8% | -$43.2M -11.0% | -$38.9M -82.5% | -$21.3M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $171.6M -51.8% | $356.2M +605.7% | -$70.4M -53.1% | -$46.0M -169.0% | $66.7M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 293.7% +195.8pp | 97.8% -286.5pp | 384.3% +577.8pp | -193.5% -267.7pp | 74.2% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $0 | $0 +100.0% | -$43.2M | $0 | $0 | $1.3B | -$1.6B | $745.2M |
| Net Income | $171.6M -51.8% | $356.2M +1405.9% | -$27.3M -274.5% | -$7.3M -110.9% | $66.7M | $4.9B | $4.8B | $4.7B |
| Net Margin | 293.7% +195.8pp | 97.8% -51.0pp | 148.8% +179.5pp | -30.6% -104.8pp | 74.2% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $3 -49.1% | $6 +536.9% | -$1 -39.8% | -$1 -135.9% | $3 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $3 -49.1% | $6 +536.9% | -$1 -39.8% | -$1 -135.9% | $3 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $59.3M +10.3% | $53.8M -1.0% | $54.3M +9.8% | $49.5M +92.2% | $25.7M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $59.3M +10.3% | $53.8M -1.0% | $54.3M +9.8% | $49.5M +92.2% | $25.7M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Dividend 15 Split Corp.
TSX:DFN.TO
$1.28B
Financial 15 Split Corp.
TSX:FTN.TO
$893.96M
Life & Banc Split Corp.
TSX:LBS.TO
$873.21M
Canadian Banc Corp.
TSX:BK.TO
$726.55M
Queen's Road Capital Investment Ltd.
TSX:QRC.TO
$678.91M
Dividend Growth Split Corp.
TSX:DGS.TO
$483.27M
Brompton Split Banc Corp.
TSX:SBC.TO
$416.90M
Urbana Corporation
TSX:URB.TO
$383.76M
Urbana Corporation
TSX:URB-A.TO
$340.29M
Aimia Inc.
TSX:AIM-PA.TO
$321.96M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does FFN.TO generate?
North American Financial 15 Split Corp. (FFN.TO) reported $58.42M of revenue in fiscal 2025.
Is FFN.TO profitable?
North American Financial 15 Split Corp. (FFN.TO) reported $171.58M of net income, with a net margin of 293.7%.
Explore More
Continue the stock analysis
Jump to another research area for this company.