| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | CAD 3.48B | +11.0% |
| Gross Profit | CAD 970.3M | +24.0% |
| EBITDA | CAD 911.2M | +15.2% |
| Net Income | CAD 589.6M | +243.1% |
| Diluted EPS | CAD 1.35 | +246.2% |
| Free Cash Flow | CAD 1.08B | +55.0% |
| DPS (FY2025) | CAD 0.24 |
| Trailing yield | — |
| Payout ratio | 17.7% |
| Growth streak | 2 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | CAD 0.24 | +50.0% | reported |
| FY20242024-12-31 | CAD 0.16 | +33.3% | reported |
| FY20232023-12-31 | CAD 0.12 | — | reported |
| Ratio | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 11y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||||||||
| Gross Margin | — | 34.35% | 20.23% | 14.14% | 12.97% | 5.91% | 0.13% | 12.49% | 21.70% | 24.96% | 27.87% | 85% | 47% | |
| Operating Margin | — | −5.83% | −5.92% | 3.36% | 4.96% | −4.37% | −9.23% | 0.81% | 10.93% | 16.27% | 17.75% | 95% | 81% | |
| EBITDA Margin | — | 9.46% | 9.39% | 19.04% | 19.76% | 7.22% | 3.67% | 10.30% | 19.44% | 25.22% | 26.17% | 95% | 84% | |
| NOPAT Margin | — | −4.61% | −4.68% | 3.36% | 2.72% | −3.46% | −7.30% | 0.81% | 8.10% | 10.89% | 13.47% | 95% | 79% | |
| Net Margin | — | −2.53% | −9.50% | 7.95% | 3.97% | −2.95% | −6.95% | 4.78% | 13.94% | 5.48% | 16.93% | 95% | 87% | |
| FCF Margin | — | 3.93% | 22.35% | 29.27% | 24.25% | −1.14% | 24.37% | 8.63% | 20.66% | 22.12% | 30.89% | 95% | 98% | |
| FCFF Margin | — | — | — | 32.70% | 26.07% | — | — | 10.73% | 22.12% | 23.93% | 32.03% | 75% | 95% | |
| FCFE Margin | — | — | — | 29.27% | −2.59% | −1.28% | 24.37% | 8.63% | 52.21% | −11.10% | 22.69% | 56% | 87% | |
| OCF Margin | — | 12.85% | 27.64% | 31.91% | 28.29% | 3.16% | 31.07% | 16.31% | 26.59% | 28.87% | 40.45% | 95% | 94% | |
| Gross Profitability | — | 5.62% | 5.61% | 3.69% | 3.25% | 1.40% | 0.03% | 2.70% | 5.65% | 7.90% | 9.42% | 95% | 23% | |
| Capex Intensity | — | 8.92% | 5.29% | 2.65% | 4.04% | 4.30% | 6.70% | 7.68% | 5.94% | 6.75% | 9.56% | 95% | 68% | |
| ▸Returns on Capital · 6 ratios | ||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||||||||||||
| ▸Earnings quality · 7 ratios | ||||||||||||||
| ▸Liquidity & coverage · 9 ratios | ||||||||||||||
| ▸Leverage · 7 ratios | ||||||||||||||
| ▸Working capital · 8 ratios | ||||||||||||||
| ▸Capital allocation · 3 ratios | ||||||||||||||
| ▸Per share · 6 ratios | ||||||||||||||
| ▸Other · 1 ratios | ||||||||||||||
The five drivers multiply to 8.7% vs reported ROE 8.9%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2016↗ | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CAD 2.43B | CAD 2.16B | CAD 2.09B | CAD 1.86B | CAD 1.80B | CAD 1.47B | CAD 1.87B | CAD 2.59B | CAD 3.14B | CAD 3.48B |
| YoY % | -11.3% | -3.0% | -10.9% | -3.4% | -18.1% | +26.6% | +38.5% | +21.2% | +11.0% | |
| Cost of Revenue | CAD 1.60B | CAD 1.72B | CAD 1.80B | CAD 1.62B | CAD 1.69B | CAD 1.47B | CAD 1.63B | CAD 2.03B | CAD 2.35B | CAD 2.51B |
| YoY % | +7.8% | +4.4% | -9.7% | +4.5% | -13.0% | +11.0% | +23.9% | +16.1% | +6.7% | |
| Gross Profit | CAD 463.5M | CAD 436.3M | CAD 295.7M | CAD 241.6M | CAD 106.4M | CAD 1.9M | CAD 233.3M | CAD 561.7M | CAD 782.6M | CAD 970.3M |
| YoY % | -5.9% | -32.2% | -18.3% | -55.9% | -98.2% | +11962.6% | +140.8% | +39.3% | +24.0% | |
| R&D Expense | CAD 5.0M | CAD 5.7M | CAD 1.8M | CAD 6.1M | CAD 4.0M | CAD 7.2M | CAD 12.2M | CAD 21.0M | CAD 36.5M | CAD 38.5M |
| YoY % | +14.3% | -69.0% | +244.8% | -34.5% | +80.8% | +69.9% | +72.8% | +73.7% | +5.3% | |
| SG&A Expense | CAD 206.7M | CAD 163.1M | CAD 141.6M | CAD 124.9M | CAD 145.3M | CAD 127.6M | CAD 172.0M | CAD 245.5M | CAD 253.2M | CAD 311.3M |
| YoY % | -21.1% | -13.2% | -11.8% | +16.4% | -12.2% | +34.9% | +42.7% | +3.1% | +23.0% | |
| Operating Income | -CAD 141.8M | -CAD 127.7M | CAD 70.2M | CAD 92.4M | -CAD 78.7M | -CAD 136.2M | CAD 15.1M | CAD 282.9M | CAD 510.1M | CAD 618.1M |
| YoY % | +31.6% | +1779.4% | +80.3% | +21.2% | ||||||
| Interest Expense | — | CAD 72.1M | CAD 71.8M | CAD 61.8M | CAD 66.5M | CAD 38.6M | CAD 39.3M | CAD 51.0M | CAD 84.6M | CAD 52.3M |
| YoY % | -0.3% | -14.0% | +7.6% | -42.0% | +2.0% | +29.9% | +65.7% | -38.1% | ||
| Interest & Investment Income | CAD 4.4M | CAD 5.3M | CAD 22.1M | CAD 29.8M | CAD 10.8M | CAD 6.8M | CAD 37.5M | CAD 111.7M | CAD 21.2M | CAD 23.2M |
| YoY % | +20.2% | +319.2% | +34.8% | -63.6% | -37.2% | +451.1% | +197.8% | -81.0% | +9.2% | |
| Equity Method Income | — | CAD 0 | CAD 32.3M | CAD 45.4M | CAD 36.5M | CAD 68.3M | CAD 94.0M | CAD 154.5M | -CAD 10.8M | CAD 216.4M |
| YoY % | +40.3% | -19.6% | +87.2% | +37.6% | +64.3% | |||||
| Pretax Income | -CAD 154.2M | -CAD 207.2M | CAD 39.9M | CAD 135.0M | -CAD 39.5M | -CAD 103.9M | CAD 84.8M | CAD 487.2M | CAD 256.7M | CAD 777.3M |
| YoY % | +238.1% | +474.5% | -47.3% | +202.8% | ||||||
| Income Tax | -CAD 94.4M | -CAD 2.5M | -CAD 126.3M | CAD 61.1M | CAD 13.7M | -CAD 1.2M | -CAD 4.5M | CAD 126.3M | CAD 84.9M | CAD 187.7M |
| YoY % | -77.6% | -32.8% | +121.2% | |||||||
| Net Income (incl. NCI) | -CAD 59.9M | -CAD 204.7M | CAD 166.2M | CAD 73.9M | -CAD 53.2M | -CAD 102.7M | CAD 89.3M | CAD 360.8M | CAD 171.8M | CAD 589.5M |
| YoY % | -55.5% | +304.2% | -52.4% | +243.1% | ||||||
| Minority Interest (P&L) | CAD 1.7M | CAD 224,000 | -CAD 88,000 | -CAD 59,000 | -CAD 28,000 | -CAD 77,000 | -CAD 118,000 | -CAD 31,000 | -CAD 11,000 | -CAD 35,000 |
| YoY % | -87.1% | |||||||||
| Net Income | -CAD 61.6M | -CAD 204.9M | CAD 166.3M | CAD 74.0M | -CAD 53.2M | -CAD 102.6M | CAD 89.4M | CAD 360.8M | CAD 171.9M | CAD 589.6M |
| YoY % | -55.5% | +303.7% | -52.4% | +243.1% | ||||||
| EPS (Basic) | -CAD 0.16 | -CAD 0.52 | CAD 0.42 | CAD 0.19 | -CAD 0.13 | -CAD 0.26 | CAD 0.22 | CAD 0.83 | CAD 0.40 | CAD 1.35 |
| YoY % | -54.8% | +277.3% | -51.8% | +237.5% | ||||||
| EPS (Diluted) | -CAD 0.16 | -CAD 0.52 | CAD 0.42 | CAD 0.19 | -CAD 0.13 | -CAD 0.26 | CAD 0.22 | CAD 0.83 | CAD 0.39 | CAD 1.35 |
| YoY % | -54.8% | +277.3% | -53.0% | +246.2% | ||||||
| Weighted Avg Shares (Basic) | 395.8M | 395.8M | 395.8M | 395.8M | 395.8M | 397.6M | 405.5M | 433.4M | 434.9M | 435.4M |
| YoY % | +0.0% | +0.0% | +0.0% | +0.0% | +0.5% | +2.0% | +6.9% | +0.3% | +0.1% | |
| Weighted Avg Shares (Diluted) | — | 395.8M | 396.1M | 396.1M | 395.8M | 397.6M | 407.1M | 435.4M | 436.0M | 435.6M |
| YoY % | +0.1% | +0.0% | -0.1% | +0.5% | +2.4% | +6.9% | +0.1% | -0.1% | ||
| Dividends Declared per Share | — | — | — | — | — | — | — | CAD 0 | CAD 0 | CAD 0 |
| YoY % | +33.3% | +50.0% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
| FY20222022-12-31 |
| CAD 0.13 |
| +59.2% |
| derived (paid ÷ diluted shares) |
| FY20212021-12-31 | CAD 0.08 | +0.2% | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | CAD 0.08 | +0.1% | derived (paid ÷ diluted shares) |
| FY20192019-12-31 | CAD 0.08 | −0.1% | derived (paid ÷ diluted shares) |
| FY20182018-12-31 | CAD 0.08 | −80.0% | derived (paid ÷ diluted shares) |
| FY20172017-12-31 | CAD 0.40 | — | derived (paid ÷ diluted shares) |
| FY20162016-12-31 | — | — | reported |
