Today I found a new, free source of financial data that I want to share with you:
SimFin is a crowd-sourcing platform for free high quality fundamental financial data. Access the SimFin application at https://simfin.com/start
What I like the most about this service is, that they use the original reporting form. Usually free databases provide standardised numbers like Revenue, EBITDA, EBIT and Operating Income. Here you can choose between a standardised version and the original reporting form.
For example they provide the revenue data for Tesla Motors Inc. sorted by “Automotive” and “Services and other” or for GoldmanSachs Group Inc. you get the revenue sorted by sectors like “Investment banking “, “Commissions and fees ” and so on … this gives you a better overview about the special character of a business.
The numbers are sorted in Income statement, Balance Sheet and Cash Flow Statement.
Berkshire Hathaway (link)
J M Smucker (link)
Nice service: when you like what you see you can download the data as excel spreadsheet!
As always, the problem with every Wikipedia-like database is that everybody can write false articles/data in it. So before making big decisions, please double-check the data. For getting a first overview about a company this service seems perfect. Did I already mentioned that the service is free?
Note: The Service is in Beta stadium. Sometimes the system is not working fast and there is not all data available