Financial Sources Breakdown

Stock Analysis uses three different data providers for financial statement data (Income Statement, Balance Sheet, Cash Flow Statement).

These are the key differences between them:

Starting end of July, 2024, S&P Capital IQ is the default data provider site-wide at the end of July, 2024.

It is the most accurate and most up to date of all three providers. In fact, they provide enterprise-grade data and can be considered to be the gold standard of data accuracy.

They also update their financial data very quickly after earnings, so we will have fresh numbers much faster than most other finance sites.

However, the main drawback with S&P data is that they only allow us to show 5 years of financial history for free users and up to 10 years of history for paid subscribers.

In addition, S&P Capital IQ does not allow downloads.

How downloads are handled now

Since downloading to Excel and CSV files is one of the signature features of the site, we have ensured that the download buttons on the site still work.

For US stocks, downloaded financials will come from Nasdaq Data Link. For non-US stocks, the downloaded financials will come from Financial Modeling Prep.

Keep in mind that this may cause a mismatch between the data you see on the page and the data you see in the download file.

There can also be differences in the names of the line items shown in the financial statements.

Data source selector

We have also added dropdowns to the financial statements where you can switch between the available data sources and compare them.

This can also be useful when you need more than 10 years of history, then you can switch to an alternative data source that doesn't limit the financial history to 10 years.

To use this, click "Data Source" above the financial statement tables.

More download limitations

Moving forward, some data points will not be available for downloading from the stock screener, watchlist and stock lists because these data points come from S&P Global.

You will still be able to download the stock symbols and some other data points.