Firm Capital Mortgage Investment Corporation (TSX: FC)

FC Income Statement

Financials in millions CAD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	71.9	43.15	34.21	33.64	34.67
Revenue Growth (YoY)	66.64%	26.13%	1.70%	-2.98%	7.03%
Cost of Revenue	4.85	4.69	4.15	3.77	3.69
Gross Profit	67.06	38.46	30.06	29.87	30.99
Selling, General & Admin	1.8	3.27	1.22	2.11	1.23
Research & Development	0	0	0	0	0
Other Operating Expenses	-7.48	0.69	-5.45	-9.4	-7.91
Operating Expenses	7.48	3.95	-4.23	-7.29	-6.67
Operating Income	59.58	47.1	29.99	26.35	28
Interest Income	70.94	59.64	47.21	43.95	46.52
Interest Expense	15.71	14.87	11.09	10.54	12.67
Other Expense / Income	40.8	25.31	13.48	19	20.27
Pretax Income	34.16	32.23	29.99	26.35	28
Income Tax	39.84	34.33	22.64	14.42	13.58
Net Income	34.16	32.23	29.99	26.35	28
Net Income Growth	5.99%	7.50%	13.78%	-5.89%	8.74%
Shares Outstanding (Basic)	34	41	40	29	39
Shares Outstanding (Diluted)	41	41	40	30	39
Shares Change	0.44%	1.06%	32.70%	-21.86%	6.73%
EPS (Basic)	0.99	0.94	0.95	0.91	1.01
EPS (Diluted)	0.98	0.93	0.94	0.91	0.72
EPS Growth	5.38%	-1.06%	3.30%	26.39%	2.86%
Free Cash Flow	50.08	51.86	41.29	37.79	40.65
Free Cash Flow Per Share	1.22	1.27	1.02	1.24	1.04
Gross Margin	93.26%	89.13%	87.87%	88.78%	89.37%
Operating Margin	82.86%	109.16%	87.65%	78.34%	80.76%
Profit Margin	47.51%	74.70%	87.65%	78.34%	80.76%
Free Cash Flow Margin	69.65%	120.19%	120.69%	112.35%	117.23%
Effective Tax Rate	116.63%	106.51%	75.51%	54.71%	48.50%
EBITDA	59.58	47.1	29.99	26.35	28
EBITDA Margin	82.86%	109.16%	87.65%	78.34%	80.76%
EBIT	18.78	21.8	16.51	7.35	7.73
EBIT Margin	26.11%	50.51%	48.26%	21.86%	22.29%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.