Headwater Financial Statements From 2010 to 2025

HWX Stock  CAD 6.87  0.02  0.29%   
Headwater Exploration's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Headwater Exploration's valuation are provided below:
Gross Profit
395.6 M
Profit Margin
0.3514
Market Capitalization
1.6 B
Enterprise Value Revenue
2.3727
Revenue
525.3 M
We have found one hundred twenty available fundamental trends for Headwater Exploration, which can be analyzed and compared to other ratios and to its competitors. Self-guided Investors are advised to confirm Headwater Exploration's regular fundamentals against the trend between 2010 and 2025 to make sure the company can sustain itself down the road. As of the 10th of August 2025, Market Cap is likely to grow to about 972.4 M. Also, Enterprise Value is likely to grow to about 865.5 M

Headwater Exploration Total Revenue

537.07 Million

Check Headwater Exploration financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Headwater Exploration's main balance sheet or income statement drivers, such as Interest Expense of 784.8 K, Selling General Administrative of 95.6 M or Other Operating Expenses of 298.4 M, as well as many indicators such as Price To Sales Ratio of 2.39, Dividend Yield of 0.0378 or PTB Ratio of 1.95. Headwater financial statements analysis is a perfect complement when working with Headwater Exploration Valuation or Volatility modules.
  
This module can also supplement various Headwater Exploration Technical models . Check out the analysis of Headwater Exploration Correlation against competitors.

Headwater Exploration Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total AssetsB952.6 M352.4 M
Slightly volatile
Total Stockholder Equity734.4 M699.5 M279.9 M
Slightly volatile
Other Assets2.1 M1.3 M4.8 M
Slightly volatile
Common Stock Total Equity467.8 M445.5 M293.3 M
Slightly volatile
Liabilities And Stockholders EquityB961.8 M353.6 M
Slightly volatile
Total Liabilities265.8 M253.2 M72.5 M
Slightly volatile
Common Stock583.2 M555.5 M324.1 M
Slightly volatile
Net Receivables61.6 M58.6 M17.7 M
Slightly volatile
Common Stock Shares Outstanding249.6 M237.8 M132.6 M
Slightly volatile
Total Current Assets218 M207.6 M86.6 M
Slightly volatile
Other Current Liabilities2.7 M2.8 M8.4 M
Slightly volatile
Total Current Liabilities135.4 M128.9 M37.1 M
Slightly volatile
Property Plant And Equipment Net779.2 M742.1 M255.9 M
Slightly volatile
Non Current Assets Total782.2 M745 M266 M
Slightly volatile
Other Current Assets907.5 K1.3 M1.3 M
Pretty Stable
Property Plant And Equipment Gross1.4 B1.4 B407.7 M
Slightly volatile
Accounts Payable74.4 M70.8 M22.4 M
Slightly volatile
Non Current Liabilities Total130.5 M124.3 M35.5 M
Slightly volatile
Other Stockholder Equity16.2 M17.1 M27.2 M
Slightly volatile
Non Currrent Assets Other1.6 M2.9 M1.9 M
Slightly volatile
Cash149.8 M142.7 M66.7 M
Slightly volatile
Cash And Short Term Investments176.8 M168.4 M70 M
Slightly volatile
Inventory729.1 K1.2 M741.8 K
Pretty Stable
Short and Long Term Debt Total14.8 M14.1 M3.1 M
Slightly volatile
Short Term Investments19.2 M13.5 M21.5 M
Pretty Stable
Capital Surpluse13.5 M19.9 M12.6 M
Slightly volatile
Property Plant Equipment617.9 M588.5 M219.6 M
Slightly volatile
Other Liabilities95.4 M90.9 M30.8 M
Slightly volatile
Net Tangible Assets656.1 M624.8 M251.7 M
Slightly volatile
Net Invested Capital393 M699.5 M252.1 M
Slightly volatile
Cash And Equivalents123.3 M201.8 M94 M
Slightly volatile
Net Working Capital81.9 M78.7 M62.9 M
Slightly volatile
Capital Stock440.2 M487 M326.5 M
Slightly volatile
Capital Lease Obligations2.9 M2.7 M757.2 K
Slightly volatile

Headwater Exploration Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Selling General Administrative95.6 M91.1 M22.3 M
Slightly volatile
Other Operating Expenses298.4 M284.2 M86.3 M
Slightly volatile
Total Operating Expenses397.7 M378.8 M60.6 M
Slightly volatile
Depreciation And Amortization146.6 M139.6 M38 M
Slightly volatile
Total Revenue537.1 M511.5 M142.5 M
Slightly volatile
Gross Profit479.8 M456.9 M97.7 M
Slightly volatile
Cost Of Revenue35.8 M54.6 M43.4 M
Slightly volatile
Interest Income5.9 M5.6 M1.8 M
Slightly volatile
Reconciled Depreciation131.1 M124.9 M33.5 M
Slightly volatile

Headwater Exploration Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Total Cash From Operating Activities332.6 M316.7 M88.8 M
Slightly volatile
End Period Cash Flow149.8 M142.7 M66.7 M
Slightly volatile
Begin Period Cash Flow153.4 M146.1 M58 M
Slightly volatile
Stock Based Compensation12.6 M12 M2.8 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.392.52132.0624
Slightly volatile
Dividend Yield0.03780.06070.0239
Slightly volatile
PTB Ratio1.952.23391.2952
Slightly volatile
Days Sales Outstanding34.5236.3414112
Slightly volatile
Book Value Per Share3.112.9591.8175
Slightly volatile
Average Payables2.3 M2.2 M2.3 M
Slightly volatile
Stock Based Compensation To Revenue0.01840.01940.0375
Pretty Stable
PB Ratio1.952.23391.2952
Slightly volatile
EV To Sales2.182.295126.9696
Slightly volatile
Inventory Turnover253241107
Slightly volatile
Days Of Inventory On Hand1.441.513322.5689
Slightly volatile
Payables Turnover4.644.06157.3942
Slightly volatile
Sales General And Administrative To Revenue0.03520.03710.2651
Slightly volatile
Average Inventory3.8 K4.3 K4.7 K
Slightly volatile
Capex To Revenue0.340.35964.0291
Slightly volatile
Cash Per Share0.630.60360.4552
Slightly volatile
Payout Ratio0.340.50480.2044
Slightly volatile
Capex To Operating Cash Flow0.670.70369.9895
Pretty Stable
Days Payables Outstanding85.3789.8683240
Slightly volatile
Current Ratio1.531.610810.5144
Pretty Stable
Tangible Book Value Per Share3.112.9591.8167
Slightly volatile
Receivables Turnover10.5510.04376.2771
Slightly volatile
Graham Number7.647.27723.3668
Slightly volatile
Shareholders Equity Per Share3.112.9591.8175
Slightly volatile
Debt To Equity0.00370.00390.0153
Slightly volatile
Capex Per Share0.990.94280.3362
Slightly volatile
Average Receivables3.1 MM3.1 M
Slightly volatile
Revenue Per Share2.752.6220.7426
Slightly volatile
Debt To Assets0.00270.00290.0112
Slightly volatile
Short Term Coverage Ratios126142155
Slightly volatile
Operating Cycle35.9637.8547125
Slightly volatile
Price Book Value Ratio1.952.23391.2952
Slightly volatile
Days Of Payables Outstanding85.3789.8683240
Slightly volatile
Dividend Payout Ratio0.340.50480.2044
Slightly volatile
Company Equity Multiplier0.941.3621.1592
Pretty Stable
Long Term Debt To Capitalization0.01680.01770.0254
Slightly volatile
Total Debt To Capitalization0.00370.00390.013
Slightly volatile
Debt Equity Ratio0.00370.00390.0153
Slightly volatile
Quick Ratio1.521.601510.3304
Pretty Stable
Dividend Paid And Capex Coverage Ratio0.950.99676.887
Slightly volatile
Cash Ratio1.051.10699.0318
Pretty Stable
Operating Cash Flow Sales Ratio0.680.5110.6939
Slightly volatile
Days Of Inventory Outstanding1.441.513322.5689
Slightly volatile
Days Of Sales Outstanding34.5236.3414112
Slightly volatile
Cash Flow Coverage Ratios125116126
Very volatile
Price To Book Ratio1.952.23391.2952
Slightly volatile
Fixed Asset Turnover0.880.83520.3429
Slightly volatile
Capital Expenditure Coverage Ratio1.351.42126.9668
Slightly volatile
Debt Ratio0.00270.00290.0112
Slightly volatile
Cash Flow To Debt Ratio125116126
Very volatile
Price Sales Ratio2.392.52132.0624
Slightly volatile
Asset Turnover0.680.65060.2425
Slightly volatile
Gross Profit Margin0.560.53580.4015
Pretty Stable
Price Fair Value1.952.23391.2952
Slightly volatile

Headwater Exploration Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap972.4 M926.1 M538.8 M
Slightly volatile
Enterprise Value865.5 M824.2 M468.1 M
Slightly volatile

Headwater Fundamental Market Drivers

Forward Price Earnings10.101

About Headwater Exploration Financial Statements

Headwater Exploration investors utilize fundamental indicators, such as revenue or net income, to predict how Headwater Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue53 M55.6 M
Total Revenue511.5 M537.1 M
Cost Of Revenue54.6 M35.8 M
Stock Based Compensation To Revenue 0.02  0.02 
Sales General And Administrative To Revenue 0.04  0.04 
Capex To Revenue 0.36  0.34 
Revenue Per Share 2.62  2.75 
Ebit Per Revenue 0.39  0.41 

Pair Trading with Headwater Exploration

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 Headwater Exploration 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 Headwater Exploration will appreciate offsetting losses from the drop in the long position's value.

Moving together with Headwater Stock

  0.77ENB-PFV Enbridge Pref 5PairCorr
  0.85ENB-PFC Enbridge Pref 11PairCorr
  0.85ENB-PFU Enbridge Pref LPairCorr

Moving against Headwater Stock

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  0.38SAGE Sage Potash CorpPairCorr
  0.35ENB EnbridgePairCorr
The ability to find closely correlated positions to Headwater Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Headwater Exploration 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 Headwater Exploration - 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 Headwater Exploration to buy it.
The correlation of Headwater Exploration 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 Headwater Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Headwater Exploration 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 Headwater Exploration 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 CorrelationCorrelation Matching

Other Information on Investing in Headwater Stock

Headwater Exploration financial ratios help investors to determine whether Headwater Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Headwater with respect to the benefits of owning Headwater Exploration security.