| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | CAD 1.28B | +10.2% |
| Gross Profit | CAD 162.3M | −22.7% |
| EBITDA | CAD 328.4M | −3.3% |
| Net Income | CAD 33.8M | −23.1% |
| Diluted EPS | CAD 1.14 | −24.5% |
| Free Cash Flow | -CAD 17.0M | — |
| DPS (FY2025) | $0.48 |
| Trailing yield | 3.64% |
| Payout ratio | 39.6% |
| Growth streak | 2 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $0.48 | +14.3% | reported |
| FY20242024-12-31 | $0.42 | +5.0% | reported |
| FY20232023-12-31 | $0.40 | — | reported |
| FY20222022-12-31 | $0.23 | +75.4% | derived (paid ÷ diluted shares) |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Operating Margin | 13.47% | 8.43% | 9.17% | 9.92% | 13.14% | 8.50% | 25% | 39% | |
| EBITDA Margin | — | — | 24.53% | 23.45% | 29.12% | 25.56% | 63% | 46% | |
| NOPAT Margin | 10.96% | 7.14% | 7.31% | 7.29% | 9.64% | 5.09% | 8% | 48% | |
| Net Margin | 9.87% | 7.86% | 8.68% | 6.50% | 3.77% | 2.63% | 8% | 32% | |
| FCF Margin | 5.91% | 8.04% | 7.43% | 7.75% | −5.36% | −1.32% | 25% | 30% | |
| FCFF Margin | — | — | — | 10.55% | −1.63% | 1.42% | 50% | 13% | |
| FCFE Margin | 18.55% | 3.56% | 10.62% | 10.27% | 3.57% | 57.62% | 92% | 86% | |
| OCF Margin | 29.40% | 25.25% | 21.79% | 28.64% | 20.68% | 20.55% | 8% | 42% | |
| Gross Profitability | 10.99% | 10.40% | 10.37% | 10.01% | 12.39% | 8.92% | 8% | 34% | |
| Capex Intensity | 23.49% | 17.21% | 14.36% | 20.89% | 26.04% | 21.88% | 58% | 70% | |
| ▸Returns on Capital · 6 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 7 ratios | |||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||
| ▸Leverage · 9 ratios | |||||||||
| ▸Working capital · 3 ratios | |||||||||
| ▸Capital allocation · 5 ratios | |||||||||
| ▸Per share · 6 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 7.7% vs reported ROE 8.0%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | CAD 498.5M | CAD 654.1M | CAD 776.4M | CAD 970.9M | CAD 1.17B | CAD 1.28B |
| YoY % | +31.2% | +18.7% | +25.1% | +20.1% | +10.2% | |
| Gross Profit | CAD 92.2M | CAD 90.4M | CAD 101.5M | CAD 154.8M | CAD 210.0M | CAD 162.3M |
| YoY % | -2.0% | +12.3% | +52.5% | +35.6% | -22.7% | |
| SG&A Expense | CAD 24.4M | CAD 35.4M | CAD 29.9M | CAD 56.8M | CAD 54.6M | CAD 50.3M |
| YoY % | +44.8% | -15.6% | +90.4% | -4.0% | -7.8% | |
| Operating Income | CAD 67.1M | CAD 55.1M | CAD 71.2M | CAD 96.3M | CAD 153.3M | CAD 109.2M |
| YoY % | -17.9% | +29.1% | +35.4% | +59.1% | -28.8% | |
| Interest Expense | — | — | — | CAD 36.9M | CAD 59.3M | CAD 58.9M |
| YoY % | +60.6% | -0.7% | ||||
| Other Non-Operating Income | — | — | -CAD 810,000 | -CAD 1.2M | -CAD 812,000 | -CAD 945,000 |
| Equity Method Income | CAD 7.7M | CAD 21.9M | CAD 37.1M | CAD 25.2M | CAD 15.3M | -CAD 11.3M |
| YoY % | +182.4% | +69.5% | -32.0% | -39.3% | ||
| Impairment of Real Estate | CAD 0 | CAD 0 | CAD 0 | CAD 0 | CAD 0 | — |
| Pretax Income | CAD 60.5M | CAD 60.7M | CAD 84.4M | CAD 86.0M | CAD 60.0M | CAD 56.5M |
| YoY % | +0.4% | +39.1% | +1.8% | -30.2% | -5.8% | |
| Income Tax | CAD 11.3M | CAD 9.3M | CAD 17.1M | CAD 22.8M | CAD 16.0M | CAD 22.6M |
| YoY % | -17.6% | +83.9% | +33.7% | -30.1% | +41.9% | |
| Net Income (incl. NCI) | CAD 49.2M | — | — | — | — | — |
| Minority Interest (P&L) | CAD 0 | — | — | — | — | — |
| Net Income | CAD 49.2M | CAD 51.4M | CAD 67.4M | CAD 63.1M | CAD 44.0M | CAD 33.8M |
| YoY % | +4.5% | +31.1% | -6.3% | -30.3% | -23.1% | |
| EPS (Basic) | CAD 1.75 | CAD 1.81 | CAD 2.46 | CAD 2.38 | CAD 1.64 | CAD 1.18 |
| YoY % | +3.4% | +35.9% | -3.3% | -31.1% | -28.0% | |
| EPS (Diluted) | CAD 1.60 | CAD 1.64 | CAD 2.15 | CAD 2.09 | CAD 1.51 | CAD 1.14 |
| YoY % | +2.5% | +31.1% | -2.8% | -27.8% | -24.5% | |
| Weighted Avg Shares (Basic) | 28.2M | 28.3M | 27.4M | 26.6M | 26.8M | 28.7M |
| YoY % | +0.6% | -3.2% | -3.1% | +0.8% | +7.0% | |
| Weighted Avg Shares (Diluted) | 32.3M | 33.9M | 34.0M | 33.0M | 33.1M | 32.3M |
| YoY % | +5.1% | +0.2% | -2.9% | +0.1% | -2.4% | |
| Dividends Declared per Share | — | — | — | CAD 0 | CAD 0 | CAD 0 |
| YoY % | +5.0% | +14.3% |
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.
| FY20212021-12-31 | $0.13 | −3.7% | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $0.14 | — | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-06-03 | $0.0875 | — | quarterly | licensed |
| 2026-03-26 | $0.0870 | — | quarterly | licensed |
| 2025-11-26 | $0.0855 | — | quarterly | licensed |
| 2025-08-29 | $0.0872 | — | quarterly | licensed |
| 2025-06-04 | $0.0870 | — | quarterly | licensed |
| 2025-03-13 | $0.0840 | — | quarterly | licensed |
| 2024-11-27 | $0.0850 | — | quarterly | licensed |
| 2024-08-30 | $0.0740 | — | quarterly | licensed |
