| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | CAD 10.76B | +18.7% |
| Gross Profit | CAD 2.66B | +65.3% |
| EBITDA | CAD 4.00B | +133.3% |
| Net Income | CAD 1.40B | +245.1% |
| Diluted EPS | CAD 2.83 | +262.8% |
| Free Cash Flow | -CAD 359.0M | −168.0% |
| DPS (FY2025) | $0.50derived |
| Trailing yield | 0.86% |
| Payout ratio | 17.6% |
| Growth streak | 0 yrs |
| 5y DPS growth | 20.1% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $0.50 | −49.8% | derived (paid ÷ diluted shares) |
| FY20242024-12-31 | $0.99 | +0.8% | derived (paid ÷ diluted shares) |
| FY20232023-12-31 | $0.98 | −1.3% | derived (paid ÷ diluted shares) |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 14.90% | 40.84% | 49.50% | 17.17% | 17.73% | 24.70% | 58% | 25% | |
| Operating Margin | −10.17% | 39.03% | 40.34% | 3.43% | −0.10% | 20.90% | 58% | 59% | |
| EBITDA Margin | 6.71% | 50.68% | 50.01% | 17.71% | 18.94% | 37.24% | 58% | 63% | |
| NOPAT Margin | −8.03% | 25.96% | 22.40% | 3.22% | −0.09% | 13.53% | 58% | 61% | |
| Net Margin | −9.66% | 22.47% | 19.16% | 37.20% | 4.48% | 13.03% | 42% | 66% | |
| FCF Margin | −17.50% | 6.05% | 20.56% | 3.07% | 5.82% | −3.34% | 25% | 25% | |
| FCFF Margin | — | 7.04% | 21.21% | 5.39% | 15.20% | 2.15% | 10% | 14% | |
| FCFE Margin | 8.56% | 15.05% | 16.20% | −4.34% | −21.45% | −7.29% | 25% | 26% | |
| OCF Margin | 17.47% | 37.11% | 46.10% | 63.06% | 30.78% | 13.75% | 8% | 27% | |
| Gross Profitability | 3.23% | 11.01% | 16.37% | 1.98% | 3.42% | 5.85% | 58% | 17% | |
| Capex Intensity | 34.97% | 31.07% | 25.54% | 59.99% | 24.95% | 17.09% | 8% | 55% | |
| ▸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 · 5 ratios | |||||||||
| ▸Per share · 6 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 5.5% vs reported ROE 5.5%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | CAD 8.95B | CAD 12.77B | CAD 17.32B | CAD 6.48B | CAD 9.06B | CAD 10.76B |
| YoY % | +42.7% | +35.6% | -62.6% | +40.0% | +18.7% | |
| Cost of Revenue | CAD 7.62B | CAD 7.55B | CAD 8.74B | CAD 5.36B | CAD 7.46B | CAD 8.10B |
| YoY % | -0.8% | +15.8% | -38.7% | +39.0% | +8.6% | |
| Gross Profit | CAD 1.33B | CAD 5.21B | CAD 8.57B | CAD 1.11B | CAD 1.61B | CAD 2.66B |
| YoY % | +291.1% | +64.4% | -87.0% | +44.5% | +65.3% | |
| R&D Expense | CAD 97.0M | CAD 129.0M | CAD 157.0M | CAD 117.0M | CAD 50.0M | CAD 35.0M |
| YoY % | +33.0% | +21.7% | -25.5% | -57.3% | -30.0% | |
| SG&A Expense | CAD 132.0M | CAD 172.0M | CAD 236.0M | CAD 296.0M | CAD 275.0M | CAD 269.0M |
| YoY % | +30.3% | +37.2% | +25.4% | -7.1% | -2.2% | |
| Operating Income | -CAD 910.0M | CAD 4.98B | CAD 6.99B | CAD 222.0M | -CAD 9.0M | CAD 2.25B |
| YoY % | +40.2% | -96.8% | ||||
| Interest Expense | CAD 278.0M | CAD 190.0M | CAD 203.0M | CAD 160.0M | CAD 953.0M | CAD 912.0M |
| YoY % | -31.7% | +6.8% | -21.2% | +495.6% | -4.3% | |
| Interest & Investment Income | CAD 10.0M | CAD 5.0M | CAD 53.0M | CAD 110.0M | CAD 234.0M | CAD 271.0M |
| YoY % | -50.0% | +960.0% | +107.5% | +112.7% | +15.8% | |
| Equity Method Income | -CAD 1.0M | -CAD 3.0M | CAD 4.0M | CAD 2.0M | CAD 3.0M | -CAD 3.0M |
| YoY % | -50.0% | +50.0% | ||||
| Pretax Income | -CAD 1.14B | CAD 4.53B | CAD 5.61B | CAD 3.92B | CAD 1.89B | CAD 1.66B |
| YoY % | +23.8% | -30.1% | -51.8% | -12.4% | ||
| Income Tax | -CAD 192.0M | CAD 1.52B | CAD 2.50B | CAD 237.0M | CAD 205.0M | CAD 584.0M |
| YoY % | +64.4% | -90.5% | -13.5% | +184.9% | ||
| Income from Continuing Operations | — | CAD 3.17B | CAD 4.07B | -CAD 312.0M | -CAD 923.0M | CAD 1.07B |
| YoY % | +28.4% | |||||
| Income from Discontinued Operations | — | -CAD 255.0M | -CAD 772.0M | CAD 2.62B | CAD 1.21B | CAD 0 |
| YoY % | -54.0% | -100.0% | ||||
| Net Income (incl. NCI) | -CAD 944.0M | CAD 2.92B | CAD 3.30B | CAD 2.31B | CAD 283.0M | CAD 1.07B |
| YoY % | +13.1% | -30.0% | -87.7% | +278.8% | ||
| Minority Interest (P&L) | -CAD 80.0M | CAD 47.0M | -CAD 19.0M | -CAD 101.0M | -CAD 123.0M | -CAD 329.0M |
| Net Income | -CAD 864.0M | CAD 2.87B | CAD 3.32B | CAD 2.41B | CAD 406.0M | CAD 1.40B |
| YoY % | +15.7% | -27.4% | -83.1% | +245.1% | ||
| Net Income to Common | -CAD 864.0M | CAD 2.87B | — | — | — | — |
| EPS (Basic) | -CAD 1.62 | CAD 5.39 | CAD 6.30 | CAD 4.65 | CAD 0.79 | CAD 2.84 |
| YoY % | +16.9% | -26.2% | -83.0% | +259.5% | ||
| EPS (Diluted) | -CAD 1.62 | CAD 5.31 | CAD 6.19 | CAD 4.59 | CAD 0.78 | CAD 2.83 |
| YoY % | +16.6% | -25.8% | -83.0% | +262.8% | ||
| Weighted Avg Shares (Basic) | 534.4M | 532.3M | 526.7M | 517.8M | 516.0M | 493.8M |
| YoY % | -0.4% | -1.1% | -1.7% | -0.4% | -4.3% | |
| Weighted Avg Shares (Diluted) | 534.4M | 540.3M | 535.9M | 525.3M | 520.0M | 495.4M |
| YoY % | +1.1% | -0.8% | -2.0% | -1.0% | -4.7% |
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 |
| $0.99 |
| +406.0% |
| derived (paid ÷ diluted shares) |
| FY20212021-12-31 | $0.20 | −1.1% | derived (paid ÷ diluted shares) |
| FY20202020-12-31 | $0.20 | — | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-06-15 | $0.0822 | — | quarterly | licensed |
| 2026-03-13 | $0.0920 | — | quarterly | licensed |
| 2025-12-15 | $0.0900 | — | quarterly | licensed |
| 2025-09-15 | $0.0900 | — | quarterly | licensed |
| 2025-06-16 | $0.0920 | — | quarterly | licensed |
| 2025-03-14 | $0.0870 | — | quarterly | licensed |
| 2024-12-13 | $0.0880 | — | quarterly | licensed |
| 2024-09-13 | $0.4600 | — | quarterly | licensed |
