| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | CAD 1.84B | −3.1% |
| Gross Profit | CAD 604.1M | −7.6% |
| EBITDA | CAD 431.0M | −19.2% |
| Net Income | CAD 1.8M | −98.3% |
| Diluted EPS | CAD 0.14 | −98.2% |
| Free Cash Flow | CAD 149.4M | −43.7% |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 37.65% | 29.26% | 30.46% | 37.84% | 34.36% | 32.76% | 42% | 38% | |
| Operating Margin | 4.38% | 19.53% | 19.27% | 31.54% | — | — | — | — | |
| EBITDA Margin | 38.18% | 48.14% | 36.52% | 46.89% | 28.05% | 23.38% | 8% | 41% | |
| NOPAT Margin | 3.46% | 15.43% | 15.22% | 31.54% | 8.49% | 0.34% | 8% | 29% | |
| Net Margin | −12.84% | −17.98% | −2.12% | 14.93% | 5.85% | 0.10% | 58% | 28% | |
| FCF Margin | 17.59% | 6.41% | 3.27% | 14.22% | 13.95% | 8.10% | 42% | 57% | |
| FCFF Margin | — | — | — | 18.53% | 16.59% | 8.28% | 17% | 26% | |
| FCFE Margin | — | — | — | 14.72% | — | — | — | — | — |
| OCF Margin | 24.16% | 14.11% | 14.66% | 25.83% | 25.34% | 22.39% | 42% | 45% | |
| Gross Profitability | 12.15% | 10.85% | 17.13% | 24.29% | 22.11% | 22.15% | 75% | 71% | |
| Capex Intensity | 6.58% | 7.70% | 11.39% | 11.61% | 11.39% | 14.29% | 92% | 41% | |
| ▸Returns on Capital · 6 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 7 ratios | |||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||
| ▸Leverage · 9 ratios | |||||||||
| ▸Working capital · 8 ratios | |||||||||
| ▸Capital allocation · 2 ratios | |||||||||
| ▸Per share · 6 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 18.8% vs reported ROE 20.6%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | CAD 935.8M | CAD 986.8M | CAD 1.62B | CAD 1.94B | CAD 1.90B | CAD 1.84B |
| YoY % | +5.5% | +63.9% | +19.8% | -1.8% | -3.1% | |
| Cost of Revenue | CAD 583.4M | CAD 698.1M | CAD 1.12B | CAD 1.20B | CAD 1.25B | CAD 1.24B |
| YoY % | +19.7% | +61.1% | +7.1% | +3.7% | -0.7% | |
| SG&A Expense | CAD 70.9M | CAD 95.9M | CAD 181.0M | CAD 122.2M | CAD 132.4M | CAD 114.4M |
| YoY % | +35.4% | +88.7% | -32.5% | +8.4% | -13.6% | |
| Operating Income | CAD 41.0M | CAD 192.8M | CAD 311.6M | CAD 611.1M | — | — |
| YoY % | +370.3% | +61.6% | +96.1% | |||
| Interest Expense | CAD 107.5M | CAD 91.4M | CAD 87.8M | CAD 83.4M | CAD 69.8M | CAD 57.2M |
| YoY % | -14.9% | -4.0% | -5.0% | -16.4% | -18.0% | |
| Interest & Investment Income | CAD 739,000 | CAD 210,000 | CAD 323,000 | CAD 1.4M | CAD 2.2M | CAD 1.6M |
| YoY % | -71.6% | +53.8% | +331.0% | +59.5% | -27.1% | |
| Pretax Income | -CAD 109.2M | -CAD 182.8M | -CAD 14.1M | CAD 265.8M | CAD 154.6M | CAD 55.9M |
| YoY % | -41.8% | -63.8% | ||||
| Income Tax | CAD 11.0M | -CAD 5.4M | CAD 20.1M | -CAD 23.5M | CAD 43.2M | CAD 52.8M |
| YoY % | +22.2% | |||||
| Net Income (incl. NCI) | -CAD 120.1M | -CAD 177.4M | -CAD 34.3M | CAD 289.2M | CAD 111.3M | CAD 3.1M |
| YoY % | -61.5% | -97.2% | ||||
| Minority Interest (P&L) | — | — | — | CAD 0 | CAD 135,000 | CAD 1.3M |
| YoY % | +827.4% | |||||
| Net Income | — | — | — | CAD 289.2M | CAD 111.2M | CAD 1.8M |
| YoY % | -61.6% | -98.3% | ||||
| Net Income to Common | — | — | -CAD 34.3M | CAD 289.2M | CAD 111.2M | CAD 1.8M |
| YoY % | -61.6% | -98.3% | ||||
| EPS (Basic) | -CAD 8.76 | -CAD 13.32 | -CAD 2.53 | CAD 21.03 | CAD 7.81 | CAD 0.14 |
| YoY % | -62.9% | -98.2% | ||||
| EPS (Diluted) | -CAD 8.76 | -CAD 13.32 | -CAD 2.53 | CAD 19.53 | CAD 7.81 | CAD 0.14 |
| YoY % | -60.0% | -98.2% | ||||
| Weighted Avg Shares (Basic) | 13.7M | 13.3M | 13.5M | 13.8M | 14.2M | 13.3M |
| YoY % | -3.0% | +1.7% | +1.5% | +3.5% | -6.3% | |
| Weighted Avg Shares (Diluted) | 13.7M | 13.3M | 13.5M | 15.3M | 14.2M | 13.3M |
| YoY % | -3.0% | +1.7% | +12.9% | -6.9% | -6.3% |
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.
