| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | CAD 9.04B | +6.6% |
| Gross Profit | CAD 4.55B | +4.9% |
| EBITDA | CAD 3.35B | +10.4% |
| Net Income | — | — |
| Diluted EPS | CAD 2.23 | +16.1% |
| Free Cash Flow | -CAD 275.0M | — |
| DPS (FY2025) | CAD 1.31 |
| Trailing yield | — |
| Payout ratio | — |
| Growth streak | 8 yrs |
| 5y DPS growth | 5.5% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | CAD 1.31 | +5.6% | reported |
| FY20242024-12-31 | CAD 1.24 | +6.0% | reported |
| FY20232023-12-31 | CAD 1.17 | +5.4% | reported |
| FY20222022-12-31 |
| Ratio | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 10y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||
| Gross Margin | — | 52.00% | 52.86% | 51.99% | 47.13% | 50.46% | 52.13% | 53.44% | 51.17% | 50.38% | 17% | 56% | |
| Operating Margin | — | 20.57% | 21.28% | 20.22% | 20.33% | 22.31% | 23.55% | 23.48% | 23.18% | 24.75% | 94% | 64% | |
| EBITDA Margin | — | 34.21% | 34.89% | 33.77% | 32.46% | 35.07% | 35.96% | 36.18% | 35.75% | 37.04% | 94% | 50% | |
| NOPAT Margin | — | 17.69% | 0.00% | 20.22% | 20.33% | 18.86% | 18.51% | 20.20% | 20.07% | 21.30% | 94% | 66% | |
| Net Margin | — | 11.39% | −1.06% | 12.38% | 24.64% | 13.47% | — | — | — | — | — | — | |
| FCF Margin | — | 4.16% | 2.55% | 1.56% | 4.28% | 3.06% | 3.78% | 0.85% | −2.19% | −3.04% | 6% | 48% | |
| FCFF Margin | — | — | 2.55% | 128.86% | 119.66% | 101.70% | 85.79% | 100.74% | 104.20% | 105.86% | 69% | 99% | |
| FCFE Margin | — | −5.89% | 13.07% | 13.44% | — | 15.52% | 13.42% | 0.85% | −2.19% | −3.04% | 19% | 35% | |
| OCF Margin | — | 28.65% | 25.61% | 24.91% | 27.85% | 29.74% | 29.05% | 30.75% | 29.87% | 29.81% | 72% | 55% | |
| Gross Profitability | — | 12.12% | 12.67% | 12.45% | 11.34% | 12.00% | 12.89% | 12.76% | 11.83% | 11.48% | 17% | 37% | |
| Capex Intensity | — | 24.49% | 23.06% | 23.35% | 23.57% | 26.69% | 25.27% | 29.90% | 32.06% | 32.85% | 94% | 56% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||
| ▸Working capital · 5 ratios | |||||||||||||
| ▸Capital allocation · 3 ratios | |||||||||||||
| ▸Per share · 6 ratios | |||||||||||||
The five drivers multiply to 8.9% vs reported ROE 9.1%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CAD 5.99B | CAD 6.15B | CAD 6.48B | CAD 7.29B | CAD 7.22B | CAD 7.78B | CAD 7.84B | CAD 8.48B | CAD 9.04B |
| YoY % | +2.7% | +5.4% | +12.5% | -0.9% | +7.7% | +0.8% | +8.2% | +6.6% | |
| Cost of Revenue | CAD 2.88B | CAD 2.90B | CAD 3.11B | CAD 3.85B | CAD 3.58B | CAD 3.72B | CAD 3.65B | CAD 4.14B | CAD 4.49B |
| YoY % | +0.8% | +7.3% | +23.9% | -7.1% | +4.1% | -1.9% | +13.4% | +8.3% | |
| Total Operating Expenses | CAD 4.76B | CAD 4.84B | CAD 5.17B | CAD 5.81B | CAD 5.61B | CAD 5.95B | CAD 6.00B | CAD 6.52B | CAD 6.80B |
| YoY % | +1.7% | +6.8% | +12.3% | -3.4% | +6.0% | +0.9% | +8.6% | +4.4% | |
| Operating Income | CAD 1.23B | CAD 1.31B | CAD 1.31B | CAD 1.48B | CAD 1.61B | CAD 1.83B | CAD 1.84B | CAD 1.97B | CAD 2.24B |
| YoY % | +6.3% | +0.1% | +13.1% | +8.8% | +13.6% | +0.5% | +6.8% | +13.8% | |
| Interest Expense | — | CAD 8.18B | CAD 8.25B | CAD 8.41B | CAD 8.43B | CAD 8.12B | CAD 9.11B | CAD 10.43B | CAD 11.44B |
| YoY % | +0.8% | +2.0% | +0.2% | -3.7% | +12.2% | +14.5% | +9.7% | ||
| Equity Method Income | — | — | — | — | — | — | — | CAD 0 | CAD 9.0M |
| Pretax Income | CAD 793.0M | CAD 850.0M | CAD 796.0M | CAD 1.01B | CAD 1.15B | CAD 1.35B | CAD 1.27B | CAD 1.35B | CAD 1.57B |
| YoY % | +7.2% | -6.4% | +27.0% | +13.8% | +16.9% | -5.5% | +5.8% | +16.5% | |
| Income Tax | CAD 111.0M | CAD 915.0M | -CAD 6.0M | -CAD 785.0M | CAD 178.0M | CAD 288.0M | CAD 178.0M | CAD 181.0M | CAD 219.0M |
| YoY % | +724.3% | +61.8% | -38.2% | +1.7% | +21.0% | ||||
| Net Income (incl. NCI) | CAD 682.0M | -CAD 65.0M | CAD 802.0M | CAD 1.80B | CAD 973.0M | CAD 1.06B | CAD 1.09B | CAD 1.17B | CAD 1.35B |
| YoY % | +123.9% | -45.8% | +8.7% | +3.4% | +6.5% | +15.8% | |||
| Minority Interest (P&L) | CAD 6.0M | CAD 6.0M | CAD 6.0M | CAD 8.0M | CAD 8.0M | CAD 8.0M | CAD 9.0M | CAD 9.0M | CAD 10.0M |
| YoY % | 0.0% | 0.0% | +33.3% | 0.0% | 0.0% | +12.5% | 0.0% | +11.1% | |
| Net Income | CAD 682.0M | -CAD 65.0M | CAD 802.0M | CAD 1.80B | CAD 973.0M | — | — | — | — |
| YoY % | +123.9% | -45.8% | |||||||
| Net Income to Common | CAD 658.0M | -CAD 89.0M | CAD 778.0M | CAD 1.77B | CAD 965.0M | CAD 1.05B | CAD 1.08B | CAD 1.16B | CAD 1.34B |
| YoY % | +127.5% | -45.5% | +8.8% | +3.3% | +6.5% | +15.8% | |||
| Preferred Dividends | CAD 18.0M | CAD 18.0M | CAD 18.0M | CAD 18.0M | CAD 0 | — | — | — | — |
| YoY % | 0.0% | 0.0% | 0.0% | -100.0% | |||||
| EPS (Basic) | CAD 1.11 | -CAD 0.15 | CAD 1.30 | CAD 2.96 | CAD 1.61 | CAD 1.75 | CAD 1.81 | CAD 1.93 | CAD 2.23 |
| YoY % | +127.7% | -45.6% | +8.7% | +3.4% | +6.6% | +15.5% | |||
| EPS (Diluted) | CAD 1.10 | -CAD 0.15 | CAD 1.30 | CAD 2.95 | CAD 1.61 | CAD 1.75 | CAD 1.81 | CAD 1.92 | CAD 2.23 |
| YoY % | +126.9% | -45.4% | +8.7% | +3.4% | +6.1% | +16.1% | |||
| Weighted Avg Shares (Basic) | 595.3M | 595.8M | 596.4M | 597.4M | 598.1M | 598.6M | 599.0M | 599.3M | 599.7M |
| YoY % | +0.1% | +0.1% | +0.2% | +0.1% | +0.1% | +0.1% | +0.1% | +0.1% | |
| Weighted Avg Shares (Diluted) | 597.5M | 597.9M | 598.8M | 599.9M | 600.4M | 600.6M | 600.5M | 600.7M | 600.7M |
| YoY % | +0.1% | +0.2% | +0.2% | +0.1% | +0.0% | -0.0% | +0.0% | +0.0% | |
| Dividends Declared per Share | CAD 1 | CAD 1 | CAD 1 | CAD 1 | CAD 1 | CAD 1 | CAD 1 | CAD 1 | CAD 1 |
| YoY % | +4.6% | +5.5% | +4.2% | +5.0% | +5.7% | +5.4% | +6.0% | +5.6% |
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.
| CAD 1.11 |
| +5.7% |
| reported |
| FY20212021-12-31 | CAD 1.05 | +5.0% | reported |
| FY20202020-12-31 | CAD 1.00 | +4.2% | reported |
| FY20192019-12-31 | CAD 0.96 | +5.5% | reported |
| FY20182018-12-31 | CAD 0.91 | +4.6% | reported |
| FY20172017-12-31 | CAD 0.87 | — | reported |
