MCAN Mortgage Corp
TSX:MKP
Income Statement
Earnings Waterfall
MCAN Mortgage Corp
Income Statement
MCAN Mortgage Corp
| Mar-2002 | Jun-2002 | Sep-2002 | Dec-2002 | Mar-2003 | Jun-2003 | Sep-2003 | Dec-2003 | Mar-2004 | Jun-2004 | Sep-2004 | Dec-2004 | Mar-2005 | Jun-2005 | Sep-2005 | Dec-2005 | Mar-2006 | Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue |
39
N/A
|
38
-3%
|
39
+2%
|
38
-2%
|
39
+4%
|
42
+5%
|
42
+1%
|
42
-1%
|
42
+1%
|
42
+0%
|
38
-9%
|
35
-9%
|
31
-9%
|
28
-9%
|
30
+5%
|
33
+10%
|
33
+1%
|
34
+3%
|
36
+5%
|
38
+5%
|
40
+7%
|
42
+5%
|
44
+3%
|
42
-3%
|
45
+6%
|
46
+4%
|
55
+18%
|
61
+12%
|
61
0%
|
61
-1%
|
53
-12%
|
49
-9%
|
52
+7%
|
61
+16%
|
68
+12%
|
76
+12%
|
78
+2%
|
78
0%
|
77
-1%
|
79
+2%
|
81
+3%
|
84
+4%
|
85
+0%
|
85
+0%
|
81
-4%
|
76
-7%
|
78
+3%
|
76
-3%
|
78
+3%
|
80
+2%
|
77
-3%
|
79
+2%
|
80
+1%
|
86
+8%
|
91
+5%
|
96
+6%
|
101
+4%
|
106
+5%
|
108
+3%
|
106
-2%
|
108
+2%
|
102
-5%
|
102
0%
|
104
+2%
|
104
-1%
|
103
0%
|
103
0%
|
101
-2%
|
108
+7%
|
109
+1%
|
116
+6%
|
120
+4%
|
99
-18%
|
100
+1%
|
109
+9%
|
122
+11%
|
147
+20%
|
159
+9%
|
154
-3%
|
153
-1%
|
154
+1%
|
145
-6%
|
151
+4%
|
164
+8%
|
185
+13%
|
210
+13%
|
228
+9%
|
246
+8%
|
260
+6%
|
281
+8%
|
302
+7%
|
298
-1%
|
300
+1%
|
306
+2%
|
309
+1%
|
328
+6%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(9)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(12)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(13)
|
(14)
|
(14)
|
(15)
|
(15)
|
(16)
|
(18)
|
(19)
|
(20)
|
(21)
|
(23)
|
(24)
|
(25)
|
(25)
|
(24)
|
(23)
|
(21)
|
(19)
|
(16)
|
(21)
|
(26)
|
(31)
|
(40)
|
(37)
|
(39)
|
(40)
|
(46)
|
(43)
|
(45)
|
(45)
|
(45)
|
(42)
|
(39)
|
(36)
|
(34)
|
(33)
|
(33)
|
(34)
|
(35)
|
(36)
|
(38)
|
(39)
|
(41)
|
(43)
|
(43)
|
(44)
|
(44)
|
(43)
|
(42)
|
(41)
|
(40)
|
(40)
|
(40)
|
(41)
|
(42)
|
(43)
|
(43)
|
(44)
|
(45)
|
(46)
|
(48)
|
(48)
|
(49)
|
(49)
|
(49)
|
(51)
|
(52)
|
(54)
|
(59)
|
(64)
|
(72)
|
(81)
|
(92)
|
(103)
|
(117)
|
(133)
|
(147)
|
(158)
|
(164)
|
(167)
|
(170)
|
(175)
|
(180)
|
|
| Gross Profit |
30
N/A
|
30
-2%
|
31
+4%
|
30
-4%
|
31
+5%
|
32
+4%
|
32
0%
|
30
-8%
|
31
+5%
|
31
+1%
|
27
-13%
|
23
-16%
|
14
-38%
|
15
+7%
|
16
+4%
|
18
+16%
|
18
0%
|
19
+2%
|
19
+4%
|
20
+3%
|
21
+5%
|
22
+4%
|
22
+1%
|
19
-12%
|
21
+8%
|
22
+3%
|
30
+38%
|
37
+25%
|
38
+4%
|
40
+3%
|
35
-13%
|
33
-6%
|
31
-5%
|
35
+13%
|
37
+5%
|
37
-1%
|
41
+12%
|
39
-4%
|
37
-6%
|
33
-10%
|
38
+14%
|
40
+5%
|
40
+0%
|
40
+1%
|
39
-2%
|
37
-6%
|
42
+14%
|
42
-1%
|
45
+7%
|
46
+4%
|
44
-6%
|
44
+2%
|
44
-1%
|
49
+11%
|
52
+5%
|
55
+7%
|
58
+5%
|
62
+7%
|
65
+4%
|
63
-3%
|
65
+4%
|
60
-8%
|
61
+1%
|
64
+5%
|
63
-1%
|
63
0%
|
62
-1%
|
60
-5%
|
66
+10%
|
66
+1%
|
71
+8%
|
75
+5%
|
53
-30%
|
52
-1%
|
61
+18%
|
73
+19%
|
98
+34%
|
110
+13%
|
103
-7%
|
100
-3%
|
100
-1%
|
86
-14%
|
87
+1%
|
92
+6%
|
104
+14%
|
118
+14%
|
125
+6%
|
128
+3%
|
128
-1%
|
134
+5%
|
145
+8%
|
134
-8%
|
133
0%
|
136
+2%
|
134
-2%
|
147
+10%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(21)
|
(21)
|
(21)
|
(24)
|
(21)
|
(22)
|
(22)
|
(21)
|
(22)
|
(19)
|
(15)
|
(11)
|
(6)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
(7)
|
(6)
|
(8)
|
(8)
|
(9)
|
(9)
|
(6)
|
(11)
|
(11)
|
(12)
|
(9)
|
(14)
|
(14)
|
(14)
|
(15)
|
(13)
|
(13)
|
(12)
|
(11)
|
(13)
|
(13)
|
(15)
|
(16)
|
(17)
|
(17)
|
(17)
|
(19)
|
(21)
|
(23)
|
(24)
|
(23)
|
(23)
|
(23)
|
(24)
|
(25)
|
(25)
|
(26)
|
(25)
|
(25)
|
(26)
|
(29)
|
(31)
|
(27)
|
(29)
|
(29)
|
(30)
|
(31)
|
(30)
|
(32)
|
(34)
|
(37)
|
(36)
|
(37)
|
(40)
|
(38)
|
(42)
|
(44)
|
(45)
|
(50)
|
(50)
|
(52)
|
(53)
|
(57)
|
(64)
|
(66)
|
(70)
|
(73)
|
|
| Selling, General & Administrative |
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(22)
|
(22)
|
(21)
|
(21)
|
(18)
|
(14)
|
(11)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(4)
|
(4)
|
(4)
|
(5)
|
(4)
|
(4)
|
(5)
|
(7)
|
(6)
|
(6)
|
(6)
|
(8)
|
(6)
|
(6)
|
(6)
|
(5)
|
(6)
|
(7)
|
(7)
|
(8)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(10)
|
(11)
|
(13)
|
(14)
|
(14)
|
(13)
|
(14)
|
(14)
|
(13)
|
(15)
|
(15)
|
(17)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(19)
|
(19)
|
(20)
|
(19)
|
(19)
|
(20)
|
(20)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(22)
|
(23)
|
(25)
|
(27)
|
(27)
|
(28)
|
(28)
|
(29)
|
(29)
|
(30)
|
(31)
|
(33)
|
(34)
|
(34)
|
(35)
|
(35)
|
(40)
|
(46)
|
(51)
|
(57)
|
(59)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(0)
|
(0)
|
0
|
(0)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
(2)
|
(3)
|
(3)
|
(1)
|
(4)
|
(4)
|
(5)
|
(1)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(4)
|
(2)
|
0
|
1
|
1
|
(1)
|
(2)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(9)
|
(9)
|
(6)
|
(7)
|
(8)
|
(9)
|
(9)
|
(8)
|
(7)
|
(8)
|
(9)
|
(8)
|
(10)
|
(11)
|
(9)
|
(12)
|
(13)
|
(13)
|
(17)
|
(15)
|
(16)
|
(18)
|
(17)
|
(18)
|
(15)
|
(12)
|
(13)
|
|
| Operating Income |
9
N/A
|
9
-10%
|
10
+12%
|
6
-40%
|
10
+67%
|
11
+11%
|
10
-2%
|
8
-19%
|
9
+6%
|
12
+37%
|
12
+1%
|
12
+0%
|
13
+4%
|
10
-20%
|
11
+10%
|
14
+24%
|
14
+0%
|
15
+4%
|
15
+2%
|
15
+0%
|
16
+9%
|
17
+5%
|
17
-2%
|
15
-12%
|
16
+5%
|
16
+4%
|
24
+45%
|
30
+28%
|
32
+4%
|
32
+2%
|
29
-12%
|
25
-14%
|
23
-6%
|
26
+12%
|
28
+8%
|
30
+8%
|
31
+0%
|
28
-7%
|
25
-13%
|
25
+0%
|
24
-2%
|
26
+8%
|
25
-2%
|
25
-2%
|
26
+4%
|
24
-6%
|
30
+25%
|
31
+0%
|
31
+3%
|
33
+6%
|
28
-15%
|
29
+2%
|
27
-5%
|
32
+17%
|
34
+8%
|
36
+4%
|
37
+4%
|
39
+5%
|
41
+4%
|
40
-3%
|
42
+6%
|
37
-12%
|
37
+0%
|
39
+5%
|
38
-2%
|
37
-3%
|
38
+2%
|
34
-9%
|
40
+16%
|
37
-7%
|
41
+10%
|
48
+18%
|
23
-51%
|
23
-2%
|
32
+39%
|
43
+33%
|
68
+59%
|
78
+15%
|
69
-12%
|
64
-7%
|
64
0%
|
49
-23%
|
47
-3%
|
54
+14%
|
62
+16%
|
74
+19%
|
80
+8%
|
78
-2%
|
78
-1%
|
83
+6%
|
92
+11%
|
77
-16%
|
70
-9%
|
70
+1%
|
64
-9%
|
75
+16%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
3
|
8
|
2
|
(0)
|
(3)
|
(3)
|
0
|
0
|
(3)
|
(10)
|
(9)
|
(6)
|
(6)
|
(5)
|
2
|
2
|
3
|
3
|
(2)
|
(4)
|
(3)
|
(4)
|
(3)
|
(1)
|
(1)
|
0
|
0
|
1
|
1
|
0
|
1
|
2
|
5
|
6
|
2
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
2
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
|
| Non-Reccuring Items |
(3)
|
(3)
|
(3)
|
0
|
(3)
|
(3)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
7
N/A
|
6
-20%
|
6
+13%
|
6
-9%
|
6
+9%
|
8
+27%
|
8
+1%
|
8
+5%
|
9
+6%
|
12
+37%
|
12
+1%
|
12
+0%
|
13
+4%
|
10
-20%
|
11
+10%
|
14
+24%
|
14
+0%
|
15
+4%
|
15
+2%
|
15
+0%
|
16
+9%
|
17
+5%
|
17
-2%
|
15
-12%
|
16
+5%
|
16
+4%
|
24
+45%
|
30
+28%
|
32
+4%
|
32
+2%
|
29
-12%
|
25
-14%
|
22
-12%
|
29
+35%
|
36
+22%
|
32
-10%
|
30
-5%
|
25
-17%
|
22
-12%
|
25
+12%
|
24
-2%
|
23
-5%
|
16
-32%
|
16
+4%
|
19
+17%
|
17
-11%
|
23
+39%
|
30
+28%
|
33
+11%
|
35
+6%
|
31
-11%
|
27
-15%
|
24
-11%
|
29
+22%
|
31
+6%
|
33
+7%
|
36
+9%
|
38
+6%
|
41
+8%
|
40
-3%
|
43
+8%
|
38
-11%
|
38
+0%
|
40
+5%
|
40
0%
|
42
+6%
|
43
+3%
|
36
-16%
|
40
+11%
|
37
-6%
|
41
+9%
|
48
+16%
|
24
-50%
|
23
-2%
|
32
+37%
|
43
+35%
|
68
+59%
|
78
+16%
|
69
-12%
|
64
-7%
|
64
0%
|
49
-24%
|
47
-3%
|
55
+18%
|
64
+15%
|
76
+19%
|
81
+7%
|
78
-4%
|
78
-1%
|
83
+6%
|
92
+11%
|
77
-16%
|
70
-9%
|
70
+1%
|
64
-9%
|
75
+16%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
(3)
|
(5)
|
(5)
|
(1)
|
2
|
2
|
2
|
0
|
1
|
4
|
5
|
2
|
3
|
2
|
1
|
1
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
1
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
(0)
|
0
|
0
|
1
|
1
|
0
|
(0)
|
0
|
1
|
2
|
1
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
0
|
(1)
|
(0)
|
(1)
|
(2)
|
1
|
1
|
1
|
1
|
0
|
|
| Income from Continuing Operations |
7
|
5
|
6
|
5
|
6
|
8
|
8
|
8
|
9
|
11
|
11
|
12
|
12
|
11
|
12
|
14
|
14
|
15
|
15
|
15
|
17
|
17
|
17
|
15
|
16
|
16
|
24
|
30
|
32
|
32
|
29
|
25
|
22
|
27
|
31
|
27
|
30
|
27
|
24
|
27
|
24
|
24
|
19
|
22
|
21
|
19
|
25
|
31
|
34
|
36
|
31
|
25
|
22
|
28
|
31
|
33
|
36
|
38
|
41
|
40
|
43
|
38
|
38
|
40
|
40
|
42
|
44
|
36
|
40
|
38
|
41
|
48
|
24
|
23
|
31
|
43
|
69
|
80
|
70
|
64
|
64
|
49
|
47
|
55
|
63
|
75
|
82
|
77
|
77
|
81
|
90
|
78
|
71
|
71
|
65
|
75
|
|
| Net Income (Common) |
7
N/A
|
5
-18%
|
6
+8%
|
5
-8%
|
6
+11%
|
8
+27%
|
8
+4%
|
8
+3%
|
9
+7%
|
11
+26%
|
11
+1%
|
12
+3%
|
12
+4%
|
11
-11%
|
12
+10%
|
14
+20%
|
14
+0%
|
15
+4%
|
15
+2%
|
15
+1%
|
17
+9%
|
17
+4%
|
17
-2%
|
15
-12%
|
16
+5%
|
16
+4%
|
24
+45%
|
30
+28%
|
32
+4%
|
32
+2%
|
29
-12%
|
25
-14%
|
22
-9%
|
27
+19%
|
31
+15%
|
27
-13%
|
30
+11%
|
27
-9%
|
24
-12%
|
27
+14%
|
24
-10%
|
24
-4%
|
19
-18%
|
22
+11%
|
21
-2%
|
19
-9%
|
25
+30%
|
31
+22%
|
34
+11%
|
36
+5%
|
31
-12%
|
25
-19%
|
22
-12%
|
28
+26%
|
31
+8%
|
33
+8%
|
36
+10%
|
38
+5%
|
41
+7%
|
40
-1%
|
43
+6%
|
38
-11%
|
38
+0%
|
40
+5%
|
40
+1%
|
42
+5%
|
44
+3%
|
36
-17%
|
40
+10%
|
38
-6%
|
41
+9%
|
48
+17%
|
24
-50%
|
23
-4%
|
31
+35%
|
43
+37%
|
69
+60%
|
80
+17%
|
70
-12%
|
64
-9%
|
64
-1%
|
49
-24%
|
47
-3%
|
55
+17%
|
63
+14%
|
75
+19%
|
82
+9%
|
77
-5%
|
77
0%
|
81
+5%
|
90
+10%
|
78
-14%
|
71
-9%
|
71
+1%
|
65
-9%
|
75
+15%
|
|
| EPS (Diluted) |
0.74
N/A
|
0.53
-28%
|
0.58
+9%
|
0.55
-5%
|
0.61
+11%
|
0.77
+26%
|
0.8
+4%
|
0.82
+2%
|
0.84
+2%
|
1.08
+29%
|
1.08
N/A
|
1.09
+1%
|
1.02
-6%
|
0.9
-12%
|
0.98
+9%
|
1.18
+20%
|
1.18
N/A
|
1.21
+3%
|
1.23
+2%
|
1.23
N/A
|
1.33
+8%
|
1.38
+4%
|
1.2
-13%
|
1.12
-7%
|
1.1
-2%
|
1.15
+5%
|
1.66
+44%
|
2.14
+29%
|
2.22
+4%
|
2.27
+2%
|
2
-12%
|
1.73
-14%
|
1.57
-9%
|
1.87
+19%
|
2.15
+15%
|
1.85
-14%
|
2.05
+11%
|
1.64
-20%
|
1.52
-7%
|
1.68
+11%
|
1.44
-14%
|
1.38
-4%
|
1.09
-21%
|
1.22
+12%
|
1.12
-8%
|
1.02
-9%
|
1.25
+23%
|
1.57
+26%
|
1.66
+6%
|
1.73
+4%
|
1.51
-13%
|
1.23
-19%
|
1.08
-12%
|
1.35
+25%
|
1.35
N/A
|
1.51
+12%
|
1.58
+5%
|
1.66
+5%
|
1.76
+6%
|
1.75
-1%
|
1.84
+5%
|
1.63
-11%
|
1.64
+1%
|
1.72
+5%
|
1.72
N/A
|
1.81
+5%
|
1.85
+2%
|
1.54
-17%
|
1.69
+10%
|
1.59
-6%
|
1.72
+8%
|
2.01
+17%
|
1.01
-50%
|
0.96
-5%
|
1.28
+33%
|
1.75
+37%
|
2.77
+58%
|
2.88
+4%
|
2.42
-16%
|
2.29
-5%
|
2.14
-7%
|
1.54
-28%
|
1.49
-3%
|
1.77
+19%
|
1.82
+3%
|
2.15
+18%
|
2.32
+8%
|
2.22
-4%
|
2.16
-3%
|
2.14
-1%
|
2.34
+9%
|
2.06
-12%
|
1.82
-12%
|
1.81
-1%
|
1.63
-10%
|
1.89
+16%
|
|