I’ll use data from Mainfreight NZ (MFT.NZ) as an example.
The screenshot below shows what you can expect to get by following the steps in this blog post:
By following the steps in this blog post, you’ll also generate a DataFrame containing data from the Income Statement, and Cash Flow statement.
After creating Pandas DataFrames, I’ll show you how to export everything to an Excel file, so you’ll have output that looks something like this:
Before we start, a few disclaimers:
- This code doesn’t come with any guarantee or warranty.
- I’m not a financial advisor. This blog post doesn’t represent financial advice.
- I don’t recommend the use of this code for any investment decisions.
- Use the code at your own risk.
Now we begin!
Find the ticker symbol
In this case, we’ll be scraping data for Mainfreight NZ.
In Yahoo Finance, the symbol for Mainfreight is MFT.NZ:
Take a look at the Balance Sheet data that we’re going to scrape.
Here’s an example of some of the financial data we’ll be wanting to extract. Take note of the data displayed. Once we’ve scraped the data, we’ll cross-check it to ensure the scraping was accurate.
Scrape some balance sheet data
Open up Jupyter Notebook, and execute the following code block:
import lxml from lxml import html import requests import numpy as np import pandas as pd symbol = 'MFT.NZ' url = 'https://finance.yahoo.com/quote/' + symbol + '/balance-sheet?p=' + symbol # Grab the HTML table in it's raw form page = requests.get(url) tree = html.fromstring(page.content) table = tree.xpath('//table') assert len(table) == 1 # Read the HTML table into a Pandas DataFrame df = pd.read_html(lxml.etree.tostring(table, method='html')) df
You should see some output which looks like the following:
There are a few observations to be taken from the screenshot of the Pandas DataFrame above:
- The header row contains index values (0, 1, 2, 3, etc), rather than useful column names.
- The first row of the table contains dates.
- The first column contains account names.
- The Current Assets contains NAN in every column. This is because the Current Assets row in Yahoo Finance has no values.
- Rows such as Short Term Investments contain values ‘-’
Cross-checking this output with the numbers shown on the Balance Sheet screenshot from Yahoo Finance, and noting that the numbers and dates match, indicates that the scrape was a success.
Next, we’ll do some data cleanups and transformations to make the data more useful.
Clean up the data
Because we’re using Pandas, it’ll be more convenient if the columns are the account names, and the rows are indexed by Date, so let’s do that now:
df = df.set_index(0) # Set the index to the first column: 'Period Ending'. df = df.dropna() # Get rid of rows containing 'NaN' df = df.transpose() # Transpose the DataFrame, so that our header contains the account names df
You should now see output which looks like:
Now, let’s look at the data types of these columns:
A few observations:
- Period Ending is of type ‘object’ when it should be a date type.
- All other columns such as Cash and Cash Equivalents are also of type ‘object’ when they should be numeric.
Let’s fix that up now, starting with the ‘Period Ending’ column:
df[df.columns] = pd.to_datetime(df[df.columns]) df = df.set_axis(df.columns, axis='columns', inplace=False) df
The ‘Period Ending’ column should now be of type datetime64[ns]:
Now let’s convert the rest of the columns to numeric:
df = df.replace('-', '0') # Remove the '-' values that can't be converted to numeric. numeric_columns = list(df.columns)[1::] # Take all columns, except the first (which is the 'Period Date' column) df[numeric_columns] = df[numeric_columns].astype(np.float64) # Convert all columns to float64 df.dtypes
The numeric columns should be now of type float64:
Let’s have another look at the DataFrame,:
Which should output something something like:
Looking good! Now the Balance Sheet data has been fully scraped, with correct data types, in a form that’s ready to use.
Scraping Income Statement data from Yahoo Finance
Now we’ll create a more generalised form of the code above, by combining the code into a method.
The code is essentially the same as above, with one change - we’re renaming the ‘Period Ending’ date column to ‘Date’.
import lxml from lxml import html import requests import numpy as np import pandas as pd def scrape_table(url): page = requests.get(url) tree = html.fromstring(page.content) table = tree.xpath('//table') assert len(table) == 1 df = pd.read_html(lxml.etree.tostring(table, method='html')) df = df.set_index(0) df = df.dropna() df = df.transpose() df = df.replace('-', '0') # The first column should be a date df[df.columns] = pd.to_datetime(df[df.columns]) cols = list(df.columns) cols = 'Date' df = df.set_axis(cols, axis='columns', inplace=False) numeric_columns = list(df.columns)[1::] df[numeric_columns] = df[numeric_columns].astype(np.float64) return df symbol = 'MFT.NZ' balance_sheet_url = 'https://finance.yahoo.com/quote/' + symbol + '/balance-sheet?p=' + symbol df_balance_sheet = scrape_table(balance_sheet_url) df_balance_sheet
You should get the same output as the final balance sheet above. The only change will be that the ‘Period Ending’ column is now called ‘Date’.
Now, let’s try the same method with the URL for income statement:
df_income_statement = scrape_table('https://finance.yahoo.com/quote/' + symbol + '/financials?p=' + symbol) df_income_statement
Cross check these values with the income statement on yahoo finance:
and they match!
Scraping Statement of Cash Flows data from Yahoo Finance
Now that we’ve got a generic method that can be used on the Balance Sheet, and Income Statement, let’s try it on the Cash Flow statement.
df_cash_flow = scrape_table('https://finance.yahoo.com/quote/' + symbol + '/cash-flow?p=' + symbol) df_cash_flow
Cross check these values with the cash flow statement on Yahoo Finance:
and they match!
Now you’ve got the following Pandas DataFrames:
- df_cash_flow, containing data scraped from the Statement of Cash Flows
- df_income_statement, containing data scraped from the Income Statement
- df_balance_sheet, containing data scraped from the Balance Sheet
Exporting to Excel
It’s possible to export the Pandas DataFrame to Excel via ExcelWriter.
Below is the code to export to an Excel file with three worksheets; Income Statement, Balance Sheet, and Statement of Cash Flows
writer = pd.ExcelWriter(symbol + '-scraped.xlsx') df_income_statement.to_excel(writer,'Income Statement') df_balance_sheet.to_excel(writer,'Balance Sheet') df_cash_flow.to_excel(writer,'Statement of Cash Flows') writer.save()
I imported the file into Google Sheets, and got the following:
Thanks for Reading
In this blog post, I’ve shown you how to scrape Income Statement, Balance Sheet, and Cash Flow data for companies in Yahoo Finance using Python and Pandas, and export the result to an Excel file for further analysis.
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