First National Financial Corporation (TSX: FN)

First National Financial Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	772.21	751.4	698.99	694.59	618.89	509.75
Revenue Growth (YoY)	15.73%	7.50%	0.63%	12.23%	21.41%	9.51%
Cost of Revenue	130.45	139.2	173.29	201.79	159.02	102.6
Gross Profit	641.76	612.2	525.7	492.81	459.87	407.16
Selling, General & Admin	208.53	200.49	192.99	177.04	143.5	117.58
Other Operating Expenses	70.07	67.81	63.63	51.95	57.64	47.87
Operating Expenses	278.6	268.3	256.62	228.99	201.14	165.44
Operating Income	363.16	343.91	269.08	263.82	258.73	241.71
Pretax Income	363.16	343.91	269.08	263.82	258.73	241.71
Income Tax	96.2	91.1	71.35	69.26	68.5	64.5
Net Income	266.96	252.81	197.73	194.56	190.23	177.21
Net Income Common	263.05	248.95	194.69	191.87	187.38	174.16
Net Income Growth	48.45%	27.85%	1.63%	2.28%	7.34%	6.48%
EPS (Diluted)	4.39	4.15	3.25	3.20	3.12	2.90
EPS Growth	49.00%	27.87%	1.47%	2.39%	7.59%	6.52%
Free Cash Flow	170.79	-109.71	496.78	-434.85	-250.65	452.82
Free Cash Flow Per Share	2.85	-1.83	8.28	-7.25	-4.18	7.55
Dividend Per Share	2.421	2.408	2.360	2.270	1.970	1.910
Dividend Growth	2.04%	2.05%	3.96%	15.23%	3.14%	2.78%
Gross Margin	83.11%	81.47%	75.21%	70.95%	74.31%	79.87%
Operating Margin	47.03%	45.77%	38.50%	37.98%	41.81%	47.42%
Profit Margin	34.57%	33.64%	28.29%	28.01%	30.74%	34.76%
Free Cash Flow Margin	22.12%	-14.60%	71.07%	-62.61%	-40.50%	88.83%
Effective Tax Rate	26.49%	26.49%	26.52%	26.25%	26.48%	26.68%

Source: S&P Capital IQ. Financial Services template.