SECURITY NATIONAL FINANCIAL CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data SECURITY NATIONAL 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	304	277	280	283	481	471	390	318	335	345
Cost of revenue	1.79	1.95	2.16	2.88	3.25	3.7	4.72	4.81	4.8	4.66
Gross profit	303	275	277	280	478	467	385	314	330	340
Interest expense	5.11	6.04	6.96	7.39	8.58	7.13	7.83	4.87	4.25	4.52
Pre-tax income	19.7	7.53	26.2	13.9	71.5	51.8	34.4	16.3	37.4	41.4
Income tax	7.51	-6.58	4.49	3.05	15.9	12.3	8.69	1.81	8.25	9.26
Net income	12.2	14.1	21.7	10.9	55.6	39.5	25.7	14.5	29.1	32.2
EPS, basic	0.64	0.69	1.05	0.51	2.55	1.78	1.16	0.66	1.19	1.30
EPS, diluted	0.63	0.67	1.03	0.50	2.49	1.72	1.12	0.64	1.16	1.26
Shares, basic (weighted)	19	20.5	20.8	21.5	21.8	22.2	22.3	22.2	24.5	24.7
Shares, diluted (weighted)	19.4	20.9	21.1	21.6	22.3	23	23.1	22.8	25.2	25.5

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	39	45.3	142	128	106	131	121	127	141	102
Short-term investments	27.6				295	259	346	382	367	383
Receivables									10.4	10.4
Property, plant and equipment	8.79	8.07	7.01	14.6	12.5	21.5	20.6	19.2	19	18.2
Lease right-of-use assets				11.3	11.7	12.5	9.99	6.37	4.84	3.91
Goodwill	2.77	2.77	2.77	3.52	3.52	5.25	5.25	5.25	5.25	5.25
Intangible assets			0.86	1.4	1.3	3.51	3.26	3	4.08	3.73
Total assets	952	982	1,051	1,334	1,549	1,548	1,461	1,431	1,494	1,562
Total liabilities	820	834	879	1,138	1,285	1,248	1,168	1,118	1,113	1,151
Total debt					254	280
Paid-in capital	34.8	38.1	41.8	46.1	50.3	58	64.8	72.4	79.7	89.9
Retained earnings	67.4	77.5	95.2	101	154	185	202	207	228	249
Treasury stock	-1.37	-0.93	-0.21	-1.58	-1.83	-1.85	-4.37	-5.66	-8.48	-9.09
Other comprehensive income	0.26	0.6	-0	13.7	23.2	18.1	-13.1	-1.79	33.7	28.8
Shareholders' equity	133	149	172	197	264	300	293	313	382	410
Total equity	133	149	172	197	264	300	293	313	382	410
Total liabilities and equity	952	982	1,051	1,334	1,549	1,548	1,461	1,431	1,494	1,562

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	12.2	14.1	21.7	10.9	55.6	39.5	25.7	14.5	29.1	32.2
Depreciation and amortization	5.58	6.28	5.46	1.71	2.08	1.94	2.5	2.35	2.38	2.43
Stock-based compensation	0.34	0.4	0.24	0.26	0.36	0.12	0.93	0.6	0.8	1.32
Deferred income tax	6.13	-7.75	-2.61	-1.86	2.85	11.3	-9.95	-2.5	1	1.45
Change in receivables					-1.34	-1.18	-0.09	-0.93	-0.77	0.11
Cash from operations	35.5	44.3	7.01	-75.6	-130	145	130	53.9	57.3	45.5
Capital expenditures	-3.57	0.91	-1.28	-1.84	-1.63	-5.22	-1.6	-1.11	-2.47	-1.69
Acquisitions						-12.6
Purchases of investments	-18.2	32.9	0		-58.5	-18.9	-152	-70.3	-85.2	-68.2
Cash from investing	-55.6	-39	63.3	38.1	36.1	-63.6	-37.2	14.6	-43.1	-67.2
Stock issued	0.12	0.01	0.06	0.86	0.83	1.08	0.14	0.13	0.45	0.11
Share buybacks					-2.97	-5.77	-7.66	-2.85	-3.05	-1.61
Cash from financing	19	2.21	26.1	24.3	71.2	-55.1	-101	-62	-4.01	-14.3
Net change in cash	-1.07	7.56	96.4	-13.2	-22.3	25.9	-7.93	6.44	10.2	-36
Free cash flow	32	45.2	5.73	-77.4	-131	139	129	52.8	54.8	43.8
Interest paid	5.12	5.98	6.88	7.28	8.39	7.29	7.7	5.14	4.2	4.54
Income taxes paid	2.67	0.58	5.7	4.86	11.8	5.13	0.73	20.4	8.23

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 $8.74 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	98.6%	Gross profit / revenue.
Pre-tax margin	14.4%	Pre-tax income / revenue.
Net margin	9.9%	Net income / revenue.
FCF margin	23.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	24.0%	Cash from operations / revenue.
Effective tax rate	22.7%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	7.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	2.1%	Net income / average total assets.
Capex / revenue	0.4%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	3.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-4.0%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-6.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	3.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-4.1%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-6.6%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	10.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	7.8%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-10.4%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	8.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	4.1%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-12.7%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-20.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-29.6%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y	-20.1%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-30.2%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	7.5%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	11.9%	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	9.2%	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	4.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	2.2%	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	0.2%	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	1.2%	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	3.3%	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	2.7%	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
Liabilities / assets	73.1%	Total liabilities / total assets.
Goodwill and intangibles / assets	0.3%	(Goodwill + intangible assets) / total assets.
Tangible book value	$427.8M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.21x	Revenue / average total assets.
Fixed asset turnover	19.1x	Revenue / average property, plant and equipment.
Receivables turnover	33.3x	Revenue / average receivables.
Days sales outstanding	11 days	365 x average receivables / revenue.
FCF conversion	237.7%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	1.6%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.24	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.
Revenue per share	$12.49	Revenue / diluted weighted shares.
FCF per share	$2.95	Free cash flow / diluted weighted shares.
Operating cash flow per share	$3.00	Cash from operations / diluted weighted shares.
Book value per share	$16.10	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$15.91	Tangible book value / shares outstanding.
Cash per share	$20.22	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	2.2%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$239.3M	Share price x shares outstanding.
Enterprise value	-$304.6M	Market cap + total debt - cash - short-term investments.
P/E	7.17x	Market cap / net income. Only when net income is positive.
P/S	0.71x	Market cap / revenue.
P/B	0.55x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.56x	Market cap / tangible book value, when positive.
P/FCF	3.02x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	2.97x	Market cap / cash from operations, when positive.
FCF yield	33.1%	Free cash flow / market cap.
Earnings yield	13.9%	Net income / market cap (the inverse of P/E).
Shareholder yield	0.7%	(Dividends paid + share buybacks) / market cap.
PEG	1.73x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was SECURITY NATIONAL FINANCIAL CORP's revenue in fiscal 2025?

SECURITY NATIONAL FINANCIAL CORP reported revenue of $344.6M for fiscal 2025, 3% higher than the year before.

Was SECURITY NATIONAL FINANCIAL CORP profitable in fiscal 2025?

Yes. Net income was $32.2M, a net margin of 9.3%.

How much free cash flow did SECURITY NATIONAL FINANCIAL CORP generate in fiscal 2025?

Cash from operations of $45.5M minus capital expenditures of $1.7M left free cash flow of $43.8M.

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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