Intact Financial Corporation
TSX:IFC-PG.TO · Toronto Stock Exchange
+$0.05 today
Vol 0.00M · Avg 0.00M
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:IFC-PG.TO · Revenue to Net Income
Key Ratios
Analysis
$27.0B of revenue converted into $3.4B of net income for the selected period. Gross margin is 42.4% and net margin is 12.8%, showing how much revenue survives after costs and taxes. EPS is $18.79, 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 | $26.1B +4.4% | $25.0B +7.3% | $23.3B +3.3% | $22.5B +28.2% | $17.6B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $20.4B -2.7% | $21.0B +3.2% | $20.3B +7.5% | $18.9B +110.5% | $9.0B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $5.7B +41.3% | $4.0B +34.7% | $3.0B -18.3% | $3.7B -57.4% | $8.6B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 21.8% +5.7pp | 16.1% +3.3pp | 12.8% -3.4pp | 16.3% -32.7pp | 49.0% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $843.0M +11.5% | $756.0M +20.8% | $626.0M +0.6% | $622.0M | $0 | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $1.4B +20.4% | $1.2B -3.0% | $1.2B +80.8% | $657.0M -89.1% | $6.0B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $797.0M +9.8% | $726.0M +21.6% | $597.0M +6.0% | $563.0M +22.1% | $461.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $5.3B +39.3% | $3.8B +45.9% | $2.6B -30.0% | $3.7B +17.8% | $3.2B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 20.4% +5.1pp | 15.3% +4.1pp | 11.3% -5.4pp | 16.6% -1.5pp | 18.1% | 5.6% | 46.3% | 42.0% |
| Operating Income | $4.3B +49.7% | $2.9B +59.5% | $1.8B -40.0% | $3.0B +17.1% | $2.6B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 16.5% +5.0pp | 11.5% +3.8pp | 7.7% -5.6pp | 13.3% -1.3pp | 14.6% | 16.6% | 24.1% | 22.0% |
| Interest Income | $854.0M +16.2% | $735.0M +37.9% | $533.0M -7.3% | $575.0M -20.5% | $723.0M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $225.0M +1.4% | $222.0M +0.0% | $222.0M +25.4% | $177.0M +15.7% | $153.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $4.3B +49.7% | $2.9B +59.5% | $1.8B -40.0% | $3.0B +17.1% | $2.6B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 16.5% +5.0pp | 11.5% +3.8pp | 7.7% -5.6pp | 13.3% -1.3pp | 14.6% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $942.0M +65.8% | $568.0M +20.1% | $473.0M -15.1% | $557.0M +16.0% | $480.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $3.4B +46.5% | $2.3B +74.5% | $1.3B -46.4% | $2.5B +18.7% | $2.1B | $4.9B | $4.8B | $4.7B |
| Net Margin | 12.9% +3.7pp | 9.2% +3.5pp | 5.7% -5.2pp | 10.9% -0.9pp | 11.8% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $18 +48.5% | $12 +77.1% | $7 -48.7% | $14 +9.9% | $12 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $18 +48.5% | $12 +76.8% | $7 -48.7% | $14 +9.9% | $12 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $178.1M -0.1% | $178.3M +1.2% | $176.2M +0.3% | $175.6M +8.1% | $162.4M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $178.5M -0.1% | $178.6M +1.4% | $176.2M +0.3% | $175.6M +8.1% | $162.4M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
National Bank of Canada
TSX:NA.TO
$85.02B
Great-West Lifeco Inc.
TSX:GWO.TO
$81.05B
Power Financial Corporation
TSX:PWF-PZ.TO
$20.13B
IGM Financial Inc.
TSX:IGM.TO
$19.01B
iA Financial Corporation Inc.
TSX:IAG.TO
$17.02B
TMX Group Limited
TSX:X.TO
$13.52B
Galaxy Digital Holdings Ltd.
GLXY.TO
$11.05B
Definity Financial Corporation
TSX:DFY.TO
$8.69B
E-L Financial Corporation Limited
TSX:ELF.TO
$5.83B
Life & Banc Split Corp.
TSX:LBS.TO
$874.40M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does IFC-PG.TO generate?
Intact Financial Corporation (IFC-PG.TO) reported $26.07B of revenue in fiscal 2025.
Is IFC-PG.TO profitable?
Intact Financial Corporation (IFC-PG.TO) reported $3.37B of net income, with a net margin of 12.9%.
Explore More
Continue the stock analysis
Jump to another research area for this company.