First Historical Income Statement
| FM Stock | CAD 19.79 1.16 5.54% |
Historical analysis of First Quantum income statement accounts such as Selling General Administrative of 155.4 M or Total Revenue of 2.8 B can show how well First Quantum Minerals performed in making a profits. Evaluating First Quantum income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of First Quantum's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining First Quantum Minerals latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether First Quantum Minerals is a good buy for the upcoming year.
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About First Income Statement Analysis
First Quantum Minerals Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to First Quantum shareholders. The income statement also shows First investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
First Quantum Income Statement Chart
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Total Revenue
Total revenue comprises all receipts First Quantum Minerals generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of First Quantum Minerals minus its cost of goods sold. It is profit before First Quantum operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of First Quantum Minerals. It is also known as First Quantum overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from First Quantum's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into First Quantum Minerals current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Quantum Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, First Quantum's Income Tax Expense is very stable compared to the past year. As of the 29th of March 2025, Net Income Applicable To Common Shares is likely to grow to about 1.2 B, while Total Revenue is likely to drop about 2.8 B.
| 2022 | 2023 | 2024 | 2025 (projected) | Gross Profit | 2.2B | 1.3B | 1.4B | 850.7M | Total Revenue | 7.6B | 6.5B | 4.8B | 2.8B |
First Quantum income statement Correlations
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First Quantum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
First Quantum income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Depreciation And Amortization | 1.2B | 1.2B | 1.2B | 1.1B | 1.3B | 1.4B | |
| Interest Expense | 729M | 650M | 584M | 641M | 680M | 714M | |
| Selling General Administrative | 99M | 118M | 136M | 142M | 148M | 155.4M | |
| Total Revenue | 5.2B | 7.2B | 7.6B | 6.5B | 4.8B | 2.8B | |
| Gross Profit | 1.1B | 2.6B | 2.2B | 1.3B | 1.4B | 850.7M | |
| Other Operating Expenses | 4.2B | 4.8B | 5.6B | 6.4B | 7.3B | 7.7B | |
| Operating Income | 991M | 2.6B | 2.2B | 78M | 1.0B | 657.1M | |
| Ebit | 761M | 2.6B | 2.1B | 155M | 178.3M | 169.3M | |
| Ebitda | 2.0B | 3.7B | 3.3B | 1.3B | 1.5B | 1.1B | |
| Total Operating Expenses | 125M | 156M | 160M | 1.2B | 3.8B | 4.0B | |
| Income Before Tax | 32M | 1.9B | 1.5B | (486M) | 280M | 499.5M | |
| Total Other Income Expense Net | (663M) | (697M) | (772M) | (564M) | (64M) | (67.2M) | |
| Net Income | (224M) | 832M | 1.0B | (954M) | 2M | 1.9M | |
| Income Tax Expense | 256M | 812M | 320M | 757M | 870.6M | 914.1M | |
| Cost Of Revenue | 4.1B | 4.7B | 5.4B | 5.2B | 3.5B | 2.0B | |
| Net Income From Continuing Ops | (224M) | 1.1B | 1.1B | (1.2B) | (108M) | (102.6M) | |
| Net Income Applicable To Common Shares | (57M) | (180M) | 832M | 1.0B | 1.2B | 1.2B | |
| Minority Interest | 1.2B | (257M) | (115M) | 289M | 110M | 104.5M | |
| Tax Provision | 256M | 812M | 320M | 757M | 388M | 410.9M | |
| Interest Income | 727M | 585M | 504M | 106M | 90M | 85.5M | |
| Net Interest Income | (647M) | (649M) | (567M) | (596M) | (687M) | (652.7M) | |
| Reconciled Depreciation | 1.2B | 1.2B | 1.2B | 1.1B | 633M | 1.1B |
Pair Trading with First Quantum
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Quantum position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Quantum will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
Moving against First Stock
The ability to find closely correlated positions to First Quantum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Quantum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Quantum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Quantum Minerals to buy it.
The correlation of First Quantum is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Quantum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Quantum Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Quantum can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in First Stock
First Quantum Minerals Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to First Quantum shareholders. The income statement also shows First investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).