Beacon Financial Corp financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Beacon Financial Corp files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	298	365	431	449	383	434	414	412	400	29.9
Selling and marketing								4.72	5.24	5.98
Interest expense	48.2	64.1	110	144	93	37.9	42.7	207
Other non-operating income					2.6	6.63	6.97	2.05	13.6
Pre-tax income	77.5	91.2	138	124	-533	149	114	93.9	91.7	122
Income tax	18.8	42.1	29	22.5	-19.9	30.4	21.3	18.9	23	31.6
Income from continuing operations		49.1	109	102	-513	119	92.5	69.6	61
Net income	58.7	55.2	106	97.5	-533	119	92.5	75	68.7	90.3
EPS, basic	1.00	0.74	1.22	1.05	-5.63	1.28	1.08	0.85	0.77	1.03
EPS, diluted	1.00	0.74	1.22	1.05	-5.63	1.27	1.07	0.85	0.77	1.03
Shares, basic (weighted)	58.3	74.3	86.6	92.7	94.6	92.7	85.8	88.2	89	87.4
Shares, diluted (weighted)	58.7	74.7	87	93	94.6	93.3	86.4	88.5	89.3	87.7
Dividend per share	0.43	0.45	0.47	0.49	0.38	0.26	0.29	0.54	0.54	0.73

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	113	249	183	580	1,558	1,628	383	133	544	2,042
Property, plant and equipment	93.2	109	108	120	113	94.4	85.2	68.9	86.8	162
Lease right-of-use assets			0	76.3	60	52.2	46.4	30.9	43.5	82.8
Goodwill	403	519	518	554	0	0		241	241	352
Intangible assets	19.4	38.3	33.4	45.6	34.8	29.6	24.5	19.7	17.5	190
Total assets	9,163	11,571	12,212	13,216	12,838	11,555	11,663	12,431	11,905	23,220
Short-term debt	1,082	667	1,119	125	40	0	0	260	104
Total liabilities	8,069	10,074	10,659	11,457	11,650	10,372	10,709	11,419	10,683	20,724
Total debt	232	470	399	703	532	111	126	247	1,520	788
Paid-in capital	899	1,242	1,245	1,422	1,427	1,423	1,424	1,423	903	2,172
Retained earnings	217	239	309	361	-233	-139	-71.4	-33.1	459	486
Treasury stock	-26.9	-24.1	-22	-69.6	-31.3	-89.9	-210	-225	-87.7	-143
Other comprehensive income	9.77	4.16	-13.5	12	30.9	-3.24	-181	-143	-52.9	-20
Shareholders' equity	1,093	1,496	1,553	1,759	1,188	1,182	992	1,199	1,222	2,496
Total equity	1,093	1,496	1,553	1,759	1,188	1,182	992	1,199	1,222	2,496
Total liabilities and equity	9,163	11,571	12,212	13,216	12,838	11,555	11,663	12,431	11,905	23,220
Shares outstanding	67.1	85.3	85.5	93.3	95.7	91.6	83.5	43.5	46.4

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	58.7	55.2	106	97.5	-533	119	92.5	75	68.7	90.3
Depreciation and amortization	8.39	9.5	10.4	10.9	12.5	11	9.6	8.4	8	10
Stock-based compensation	4.62	5.1	4.76	4.81	4.73	4.17	7.34	7.5	8.32	3.5
Deferred income tax	11	31.6	12.2	0.56	4.01	5.24	-3.46	16.2	0.39	22.3
Cash from operations	98.1	78.1	222	112	228	84.8	111	117	105	224
Capital expenditures	-9.1	-11.3	-9.35	-10.6	-7.21	-1.61	-1.5	-12.4	-4.99	-12.3
Acquisitions	-48.2	375	0					-80.2	0	1,084
Purchases of investments		-471	-258	-120	-885	-805	-479	-363	-148	-33.1
Sales and maturities of investments	167	207	188	241	458	576	548	272	174	190
Cash from investing	-208	-283	-862	1,203	641	621	-1,261	-665	-140	2,300
Debt issued	9,365	5,978	4,768	5,385	0	0	98	0	0
Debt repaid	-9,365	-6,175	-4,387	-6,229	-583	-462
Stock issued	0	153	0	0	0.66	0.42	0	0	100
Share buybacks	0	0	0	-52.7	-0.47	-68.7	-125	-23.8	-17.5
Dividends paid	-24.9	-33.2	-40.9	-45.1	-36.6	-24.6	-24.5	-47.9	-48.1	-63.1
Cash from financing	119	341	574	-917	109	-636	208	299	445	-1,027
Net change in cash	9.51	136	-65.6	397	978	69.9	-942	-250	411	1,498
Free cash flow	89	66.8	213	101	220	83.2	109	104	100	212
Interest paid	16.7	21.3	32.3	33.4	21.3	11.4	9.04	238	291	329
Income taxes paid	16.2	18.3	3.03	19.8	-13.9	14.8	28.4	12.3	-1.43	15

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $28.19 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	27.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	6.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.7%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-92.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-58.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-39.9%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	31.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-0.8%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	33.8%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-1.4%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	113.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	26.6%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-0.3%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	112.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	24.8%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-0.8%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	34.8%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	36.4%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	13.7%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	104.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	36.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	16.0%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	95.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	25.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	12.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.8%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.5%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.5%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.35x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	4.0%	Total debt / total assets.
Liabilities / assets	88.6%	Total liabilities / total assets.
Net debt	-$327.5M	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	2.4%	(Goodwill + intangible assets) / total assets.
Tangible book value	$2.01B	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.91	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share	$2.78	Cash from operations / diluted weighted shares.
Book value per share	$30.26	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$23.94	Tangible book value / shares outstanding.
Cash per share	$14.49	(Cash + short-term investments) / shares outstanding.
Payout ratio	58.3%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$2.36B	Share price x shares outstanding.
Enterprise value	$2.04B	Market cap + total debt - cash - short-term investments.
P/E	14.8x	Market cap / net income. Only when net income is positive.
P/B	0.93x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.18x	Market cap / tangible book value, when positive.
P/OCF	10.1x	Market cap / cash from operations, when positive.
Earnings yield	6.8%	Net income / market cap (the inverse of P/E).
Dividend yield	3.9%	Dividends paid over the period / market cap.
Shareholder yield	3.9%	(Dividends paid + share buybacks) / market cap.

What was Beacon Financial Corp's revenue in fiscal 2025?

Beacon Financial Corp reported revenue of $29.9M for fiscal 2025, 92.5% lower than the year before.

Was Beacon Financial Corp profitable in fiscal 2025?

Yes. Net income was $90.3M, a net margin of 301.4%.

How much free cash flow did Beacon Financial Corp generate in fiscal 2025?

Cash from operations of $224.4M minus capital expenditures of $12.3M left free cash flow of $212.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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