North Historical Income Statement

NWC Stock

CAD 47.02 0.66 1.42%

Historical analysis of North West income statement accounts such as Gross Profit of 850.3 M can show how well North West performed in making a profits. Evaluating North West income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of North West's future profits or losses.

Cash Flow Balance Sheet Income Statement

Dot-com Bubble

Housing Crash

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Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining North West 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 North West is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North West. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About North Income Statement Analysis

North West 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 North West shareholders. The income statement also shows North 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).

North West Income Statement Chart

At this time, North West's Total Operating Expenses is very stable compared to the past year. As of the 25th of March 2025, Income Before Tax is likely to grow to about 213.5 M, while Total Revenue is likely to drop about 1.4 B.

Total Revenue Gross Profit Other Operating Expenses Operating Income

Total Revenue

Total revenue comprises all receipts North West 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 North West minus its cost of goods sold. It is profit before North West 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 North West. It is also known as North West 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.

Operating Income

Operating Income is the amount of profit realized from North West operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of North West is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from North West's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into North West 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North West. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2022	2023	2024	2025 (projected)
Gross Profit	747.9M	704.1M	809.8M	850.3M
Total Revenue	2.4B	2.5B	2.8B	1.4B

Gross Profit Total Revenue

North West income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Net Income From Continuing Ops	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.96	0.73	0.93	0.72	0.94	0.94	0.98	0.76	0.94	0.92	-0.9	0.93	0.8	0.84	0.83	-0.75	0.58	0.05	-0.9	0.89
Interest Expense	0.96		0.69	0.89	0.69	0.87	0.87	0.92	0.72	0.92	0.84	-0.91	0.85	0.71	0.83	0.73	-0.64	0.46	0.05	-0.93	0.86
Total Revenue	0.73	0.69		0.82	1.0	0.72	0.72	0.73	0.99	0.78	0.72	-0.54	0.72	0.67	0.8	0.75	-0.48	0.54	0.13	-0.62	0.72
Gross Profit	0.93	0.89	0.82		0.81	0.92	0.92	0.94	0.82	0.98	0.91	-0.73	0.92	0.86	0.75	0.75	-0.6	0.56	0.07	-0.76	0.75
Other Operating Expenses	0.72	0.69	1.0	0.81		0.7	0.7	0.72	0.99	0.78	0.7	-0.54	0.7	0.65	0.8	0.72	-0.46	0.51	0.14	-0.62	0.7
Operating Income	0.94	0.87	0.72	0.92	0.7		1.0	0.99	0.74	0.9	1.0	-0.75	1.0	0.95	0.74	0.91	-0.77	0.79	-0.13	-0.76	0.87
Ebit	0.94	0.87	0.72	0.92	0.7	1.0		0.99	0.75	0.9	1.0	-0.76	1.0	0.94	0.75	0.91	-0.77	0.79	-0.11	-0.77	0.86
Ebitda	0.98	0.92	0.73	0.94	0.72	0.99	0.99		0.76	0.92	0.98	-0.82	0.98	0.9	0.79	0.89	-0.77	0.72	-0.06	-0.83	0.89
Cost Of Revenue	0.76	0.72	0.99	0.82	0.99	0.74	0.75	0.76		0.81	0.74	-0.58	0.74	0.7	0.85	0.76	-0.54	0.57	0.05	-0.65	0.76
Total Operating Expenses	0.94	0.92	0.78	0.98	0.78	0.9	0.9	0.92	0.81		0.89	-0.77	0.88	0.83	0.79	0.69	-0.63	0.51	-0.01	-0.77	0.75
Income Before Tax	0.92	0.84	0.72	0.91	0.7	1.0	1.0	0.98	0.74	0.89		-0.7	1.0	0.96	0.71	0.9	-0.77	0.81	-0.15	-0.72	0.84
Total Other Income Expense Net	-0.9	-0.91	-0.54	-0.73	-0.54	-0.75	-0.76	-0.82	-0.58	-0.77	-0.7		-0.72	-0.53	-0.84	-0.68	0.57	-0.35	-0.15	0.95	-0.8
Net Income	0.93	0.85	0.72	0.92	0.7	1.0	1.0	0.98	0.74	0.88	1.0	-0.72		0.94	0.71	0.91	-0.77	0.8	-0.11	-0.74	0.85
Income Tax Expense	0.8	0.71	0.67	0.86	0.65	0.95	0.94	0.9	0.7	0.83	0.96	-0.53	0.94		0.62	0.83	-0.71	0.87	-0.31	-0.55	0.73
Selling General Administrative	0.84	0.83	0.8	0.75	0.8	0.74	0.75	0.79	0.85	0.79	0.71	-0.84	0.71	0.62		0.75	-0.53	0.51	-0.06	-0.84	0.83
Net Income From Continuing Ops	0.83	0.73	0.75	0.75	0.72	0.91	0.91	0.89	0.76	0.69	0.9	-0.68	0.91	0.83	0.75		-0.74	0.86	-0.06	-0.72	0.9
Minority Interest	-0.75	-0.64	-0.48	-0.6	-0.46	-0.77	-0.77	-0.77	-0.54	-0.63	-0.77	0.57	-0.77	-0.71	-0.53	-0.74		-0.68	0.14	0.56	-0.8
Tax Provision	0.58	0.46	0.54	0.56	0.51	0.79	0.79	0.72	0.57	0.51	0.81	-0.35	0.8	0.87	0.51	0.86	-0.68		-0.44	-0.38	0.71
Interest Income	0.05	0.05	0.13	0.07	0.14	-0.13	-0.11	-0.06	0.05	-0.01	-0.15	-0.15	-0.11	-0.31	-0.06	-0.06	0.14	-0.44		-0.18	-0.08
Net Interest Income	-0.9	-0.93	-0.62	-0.76	-0.62	-0.76	-0.77	-0.83	-0.65	-0.77	-0.72	0.95	-0.74	-0.55	-0.84	-0.72	0.56	-0.38	-0.18		-0.86
Reconciled Depreciation	0.89	0.86	0.72	0.75	0.7	0.87	0.86	0.89	0.76	0.75	0.84	-0.8	0.85	0.73	0.83	0.9	-0.8	0.71	-0.08	-0.86

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North West Account Relationship Matchups

North West income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Depreciation And Amortization	92.1M	91.0M	98.4M	105.3M	121.1M	127.1M
Interest Expense	17.5M	14.2M	15.9M	19.8M	22.8M	23.9M
Total Revenue	2.4B	2.2B	2.4B	2.5B	2.8B	1.4B
Gross Profit	774.6M	737.8M	747.9M	704.1M	809.8M	850.3M
Other Operating Expenses	2.1B	2.0B	2.2B	2.3B	2.6B	1.3B
Operating Income	209.3M	220.4M	180.3M	195.9M	225.3M	236.5M
Ebit	209.0M	220.5M	180.6M	196.1M	225.5M	236.8M
Ebitda	301.1M	311.5M	279.0M	301.4M	346.6M	363.9M
Cost Of Revenue	1.6B	1.5B	1.6B	1.8B	2.0B	1.1B
Total Operating Expenses	565.2M	517.3M	567.6M	613.5M	705.6M	740.8M
Income Before Tax	192.5M	207.4M	165.5M	176.8M	203.4M	213.5M
Total Other Income Expense Net	(16.8M)	(13.1M)	(14.8M)	(19.1M)	(21.9M)	(23.0M)
Net Income	139.9M	154.8M	122.2M	129.4M	148.8M	156.2M
Income Tax Expense	49.0M	49.9M	39.6M	42.6M	48.9M	51.4M
Selling General Administrative	565.2M	435.2M	469.2M	613.5M	705.6M	494.7M
Net Income From Continuing Ops	143.6M	157.5M	125.8M	134.3M	154.4M	108.2M
Net Income Applicable To Common Shares	82.7M	139.9M	154.8M	122.2M	140.5M	102.0M
Minority Interest	13.9M	(2.6M)	(3.6M)	(4.9M)	(4.4M)	(4.2M)
Tax Provision	49.0M	49.9M	39.6M	42.6M	48.9M	40.2M
Interest Income	698K	13.1M	15.1M	760K	874K	830.3K
Net Interest Income	(16.8M)	(13.1M)	(14.8M)	(19.1M)	(17.1M)	(18.0M)
Reconciled Depreciation	92.1M	91.0M	98.4M	105.3M	121.1M	92.9M

Pair Trading with North West

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 North West 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 North West will appreciate offsetting losses from the drop in the long position's value.

Moving together with North Stock

0.68

BBD-B

Bombardier

Pair Corr

Moving against North Stock

0.57	SU	Suncor Energy	Pair Corr
0.47	ENB	Enbridge	Pair Corr
0.46	X	TMX Group Limited	Pair Corr

The ability to find closely correlated positions to North West could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North West 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 North West - 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 North West to buy it.

The correlation of North West 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 North West moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if North West 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 North West 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.

Pair Correlation Correlation Matching

Other Information on Investing in North Stock

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North Historical Income Statement

About North Income Statement Analysis

North West Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

North West income statement Correlations

North West Account Relationship Matchups

High Positive Relationship

High Negative Relationship

North West income statement Accounts

Pair Trading with North West

Moving together with North Stock

Moving against North Stock

Other Information on Investing in North Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Ebit	+ 1.0	Operating Income
Income Before Tax	+ 1.0	Operating Income
Net Income	+ 1.0	Operating Income
Income Before Tax	+ 1.0	Ebit
Net Income	+ 1.0	Ebit

Net Interest Income	- 0.93	Interest Expense
Total Other Income Expense Net	- 0.91	Interest Expense
Net Interest Income	- 0.9	Depreciation And Amortization
Total Other Income Expense Net	- 0.9	Depreciation And Amortization
Reconciled Depreciation	- 0.86	Net Interest Income
Net Interest Income	- 0.84	Selling General Administrative