Fairfax Financial Holdings LTD/ Can
FRFHF · OTCFire, Marine & Casualty Insurance · Fiscal year ends Dec 31
Net income was $5.3B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $26.5B | $28.1B | – | – | – |
| Cost of revenue | $3B | $3.3B | $4.1B | $4.1B | $5.2B |
| Gross profit | $23.5B | $24.7B | – | – | – |
| Operating income | $1.6B | $4.1B | $5.7B | $6.7B | $6.1B |
| Interest expense | $514M | $453M | $510M | $649M | $822M |
| Pre-tax income | $4.4B | $4.9B | $5.9B | $5.6B | $6.4B |
| Income tax | $726M | $1.1B | $813M | $1.4B | $1.2B |
| Net income | $3.7B | $3.8B | $5.1B | $4.3B | $5.3B |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $11.7B | $6.1B | $5.1B | $6.1B | $6.2B |
| Goodwill | $3.1B | $2.9B | $3.1B | $4.1B | $4.2B |
| Total assets | $86.6B | $78.8B | $92B | $96.8B | $108B |
| Payables | $2.7B | $2.9B | $3.6B | $3.9B | $4.3B |
| Total liabilities | $65.3B | $55.8B | $64.3B | $68.4B | $76.9B |
| Shareholders' equity | $16.4B | $19.1B | $23B | $24.1B | $26.5B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $6.6B | −$4.4B | −$39M | $4B | $2.4B |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 6.0% | – | – | – |
| Operating income growth (YoY) | – | 158.1% | 37.7% | 17.1% | −8.7% |
| Gross margin | 88.7% | 88.1% | – | – | – |
| Operating margin | 6.1% | 14.8% | – | – | – |
| Net margin | 13.9% | 13.6% | – | – | – |
| Return on equityBlank when equity is negative | 22.4% | 19.9% | 22.2% | 17.7% | 19.9% |
| Cash conversion (CFO ÷ net income) | 1.81x | −1.16x | −0.01x | 0.94x | 0.46x |
| Payable days | 332 | 317 | 320 | 347 | 304 |
| Interest cover | 3.13x | 9.16x | 11.2x | 10.3x | 7.43x |
Recent filings
More in Fire, Marine & Casualty Insurance
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.