Business Insights · Canada

Understand the numbers
before you buy, invest, or fix a business.

We read a company or an industry the way an operator would: where the revenue really comes from, what the margins are, where the costs and the risks hide. Plain English, drawn from real filings. Request a report on any Canadian business or sector and we send it back to you, free.

What a report gives you.

Not a stock tip and not a valuation. An operator's read of how a business actually makes money, so you walk into a purchase, an investment, or a turnaround with your eyes open.

The money map

  • Where revenue really comes from, line by line
  • Gross, operating and net margin, and what drives each
  • The cost structure: what eats the dollar
  • How this compares to others in the sector

The operator's read

  • Where the operating risk hides
  • What would have to be true for the numbers to hold
  • The questions to ask before you sign
  • Where an operator could add or protect value

Every figure is traced to a primary source, the company's own filing or results release. Where a number cannot be verified, we say so rather than guess.

A sample read: Dollarama.

Fiscal 2025, year ended February 2, 2025. Every figure from Dollarama's own results release on SEDAR+. Here is where each dollar of sales goes.

Every $1 of sales$6.41B total
81.8¢ costs
18.2¢

A dollar store keeps about 18 cents on every dollar, four to six times what a grocery chain keeps. And roughly $130M of that profit comes from its stake in Dollarcity, in Latin America, not from Canada.

Want this on a business you are looking at? Ask below.

Request a free report.

Tell us the company or the industry you want read. We send back a plain-English report, usually within two business days. No charge, and no obligation.

This is a window into how we work. If you want the same eyes inside your own business, that is the Financial Operations and fractional COO work we do every day. It is a short step from a report to a conversation.

+1 204-399-3054
bkobe@provenanceadvisory.ca
Read and answered by Benjamin Kobe, former CRA income tax auditor, Lean Six Sigma Black Belt.
Service disponible en français.

Or bring these eyes inside your business.

Reading a company from the outside is one thing. Running the numbers, the operating rhythm and the systems from the inside is the work we do as a fractional operations lead. If a report makes you want that, let's talk.

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