SECURITY NATIONAL FINANCIAL CORP SNFCA
National Financial Corporation (the "Company") operates in three reportable business segments: life insurance, cemetery and
mortuary, and mortgages. The life insurance segment is engaged in the business of selling and servicing selected lines of life insurance,
annuity products, and accident and health insurance. These products are marketed in 42 states through a commissioned sales force of independent
licensed insurance agents who may also sell insurance products of other companies. The cemetery and mortuary segment consists of eleven
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $344.6M | $334.5M | $318.5M | $389.7M | $470.7M | $481.5M | $283.1M | $279.6M | $276.9M | $304.3M |
| Cost of revenue | $4.7M | $4.8M | $4.8M | $4.7M | $3.7M | $3.3M | $2.9M | $2.2M | $1.9M | $1.8M |
| Gross profit | $339.9M | $329.7M | $313.7M | $384.9M | $467.0M | $478.2M | $280.2M | $277.5M | $275.0M | $302.5M |
| Interest expense | $4.5M | $4.3M | $4.9M | $7.8M | $7.1M | $8.6M | $7.4M | $7.0M | $6.0M | $5.1M |
| Pre-tax income | $41.4M | $37.4M | $16.3M | $34.4M | $51.8M | $71.5M | $13.9M | $26.2M | $7.5M | $19.7M |
| Income tax | $9.3M | $8.3M | $1.8M | $8.7M | $12.3M | $15.9M | $3.1M | $4.5M | $6.6M | $7.5M |
| Net income | $32.15B | $26.54B | $14.49B | $25.7M | $39.5M | $55.6M | $10.9M | $21.7M | $14.1M | $12.2M |
| EPS, basic | 1.30 | 1.19 | 0.63 | 1.16 | 1.87 | 2.81 | 0.59 | 1.21 | 0.84 | 0.78 |
| EPS, diluted | 1.26 | 1.16 | 0.61 | 1.12 | 1.80 | 2.74 | 0.58 | 1.19 | 0.82 | 0.77 |
| Shares, diluted (wtd. avg.) | $25.5M | $25.2M | $23.8M | $23.0M | $22.0M | $20.3M | $18.7M | $18.2M | $17.1M | $15.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $102.3M | $140.5M | $139.9M | $133.5M | $141.4M | $115.5M | $137.7M | $137.7M | $45.3M | $39.0M |
| Short-term investments | $382.8M | $366.5M | $381.5M | $345.9M | $259.3M | $294.7M | — | — | — | $27.6M |
| Receivables | $10.4M | $10.4M | — | — | — | — | — | — | — | — |
| Property, plant and equipment | $18.2M | $19.0M | $19.2M | $20.6M | $21.5M | $12.5M | $14.6M | $7.0M | $8.1M | $8.8M |
| Goodwill | $5.3M | $5.3M | $5.3M | $5.3M | $5.3M | $3.5M | $3.5M | $2.8M | $2.8M | $2.8M |
| Other intangibles | $3.7M | $4.1M | $3.0M | $3.3M | $3.5M | $1.3M | $1.4M | $855.4K | — | — |
| Total assets | $1.56B | $1.49B | $1.43B | $1.46B | $1.55B | $1.55B | $1.33B | $1.05B | $982.2M | $952.4M |
| Long-term debt | — | — | — | — | $280.3M | $253.8M | — | — | — | — |
| Total liabilities | $1.15B | $1.11B | $1.12B | $1.17B | $1.25B | $1.28B | $1.14B | $879.0M | $833.6M | $819.9M |
| Retained earnings | $248.8M | $227.8M | $207.0M | $202.2M | $184.5M | $153.7M | $101.3M | $95.2M | $77.5M | $67.4M |
| Total equity | $410.4M | $381.9M | $312.9M | $292.8M | $299.8M | $264.0M | $196.7M | $171.8M | $148.6M | $132.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $45.5M | $57.3M | $53.9M | $130.5M | $144.6M | -$129.6M | -$75.6M | $7.0M | $44.3M | $35.5M |
| Depreciation and amortisation | $2.4M | $2.4M | $2.4M | $2.5M | $1.9M | $2.1M | $1.7M | $5.5M | $6.3M | $5.6M |
| Stock-based compensation | — | — | — | — | $118.4K | $358.9K | $257.0K | $237.1K | $395.6K | $343.6K |
| Capital expenditure | $1.7M | $2.5M | $1.1M | $1.6M | $5.2M | $1.6M | $1.8M | $1.3M | $911.0K | $3.6M |
| Investing cash flow | -$67.2M | -$43.1M | $14.6M | -$37.2M | -$63.6M | $36.1M | $38.1M | $63.3M | -$39.0M | -$55.6M |
| Financing cash flow | -$14.3M | -$4.0M | -$62.0M | -$101.2M | -$55.1M | $71.2M | $24.3M | $26.1M | $2.2M | $19.0M |
| Buybacks | $1.6M | $3.1M | $2.8M | $7.7M | $5.8M | $3.0M | — | — | $382.7K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-019219.
Others in SIC 6199
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|---|---|---|---|---|
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| SYF | Synchrony Financial | $26.00B | 8.6x | — |
| CRCL | Circle Internet Group, Inc. | $25.33B | — | 624.0% |
| SOFI | SoFi Technologies, Inc. | $23.53B | 46.7x | 23.1% |
| IREN | IREN Ltd | $15.97B | — | 41.1% |
| BMNR | BITMINE IMMERSION TECHNOLOGIES, INC. | $15.06B | 1.9x | 84.1% |