38.90
+2.61%
Close of 9 Nov 2026, in CAD
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At a glance
Figures in CAD, from our data supplier.
Revenue
C$4.91bn
FY2017FY2026
Net income
C$313.1m
FY2017FY2026
Free cash flow
C$583.7m
FY2017FY2026
Shareholders' equity
C$5.30bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$4.91bn | C$4.71bn | C$4.28bn | C$4.01bn | C$3.37bn | C$2.98bn | C$3.62bn | C$3.30bn | C$2.82bn | C$2.70bn |
| Gross profit | C$1.34bn | C$1.30bn | C$1.15bn | C$1.08bn | C$955.5m | C$765.0m | C$1.08bn | C$941.5m | C$877.9m | C$811.2m |
| Research and development | C$95.0m | C$126.3m | C$193.5m | C$129.3m | C$127.1m | C$147.1m | C$141.8m | C$102.5m | C$113.5m | C$116.9m |
| Operating income | C$622.5m | C$729.2m | −C$187.2m | C$466.0m | C$284.2m | C$48.4m | C$537.1m | C$480.6m | C$462.8m | C$364.7m |
| Net income | C$313.1m | C$405.3m | −C$304.0m | C$222.7m | C$141.7m | −C$47.2m | C$311.4m | C$330.0m | C$346.0m | C$251.5m |
| Diluted earnings per share | 0.97 | 1.26 | -0.95 | 0.70 | 0.45 | -0.14 | 1.15 | 1.25 | 1.29 | 0.93 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$11.15bn | C$11.21bn | C$9.83bn | C$10.44bn | C$9.58bn | C$8.75bn | C$8.48bn | C$7.17bn | C$5.72bn | C$5.35bn |
| Cash and short-term investments | C$552.4m | C$293.7m | C$160.1m | C$217.6m | C$346.1m | C$926.1m | C$946.5m | C$446.1m | C$611.5m | C$504.7m |
| Total liabilities | C$5.76bn | C$6.24bn | C$5.53bn | C$5.85bn | C$5.49bn | C$5.54bn | C$5.91bn | C$4.76bn | C$3.35bn | C$3.27bn |
| Debt | C$2.55bn | C$3.47bn | C$3.07bn | C$3.25bn | C$3.05bn | C$2.35bn | C$3.31bn | C$2.33bn | C$1.26bn | C$1.25bn |
| Shareholders' equity | C$5.30bn | C$4.89bn | C$4.22bn | C$4.51bn | C$4.01bn | C$3.14bn | C$2.49bn | C$2.33bn | C$2.30bn | C$2.02bn |
| Shares outstanding | 322m | 323m | 320m | 319m | 318m | 328m | 271m | 264m | 267m | 269m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | C$871.5m | C$896.5m | C$566.9m | C$408.4m | C$418.2m | C$366.6m | C$545.1m | C$530.4m | C$403.3m | C$464.3m |
| Capital spending | −C$287.8m | −C$444.1m | −C$477.7m | −C$425.3m | −C$362.8m | −C$163.6m | −C$384.0m | −C$338.4m | −C$188.7m | −C$236.0m |
| Free cash flow | C$583.7m | C$452.4m | C$89.2m | −C$16.9m | C$55.4m | C$203.0m | C$161.1m | C$192.0m | C$214.6m | C$228.3m |
| Dividends paid | — | — | — | — | — | — | −C$110.9m | −C$99.9m | −C$89.9m | −C$80.6m |
Financial ratios
Data as of 2 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 27.3% | 27.6% | 27.0% | 27.0% | 28.3% | 25.7% |
| Operating margin | 12.7% | 15.5% | -4.4% | 11.6% | 8.4% | 1.6% |
| Net margin | 6.4% | 8.6% | -7.1% | 5.6% | 4.2% | -1.6% |
| Return on equity | 5.9% | 8.3% | -7.2% | 4.9% | 3.5% | -1.5% |
| Return on assets | 2.8% | 3.6% | -3.1% | 2.1% | 1.5% | -0.5% |
| Free cash flow yield | 10.5% | 12.2% | 9.6% | 7.7% | 7.2% | 4.7% |
| Revenue growth | 4.4% | 9.9% | 6.8% | 19.0% | 13.1% | -17.7% |
| Earnings growth | -22.7% | -233.3% | -236.5% | 57.2% | -400.2% | -115.2% |
| Current ratio | 0.96x | 0.80x | 0.85x | 0.99x | 1.03x | 1.28x |
| Debt to equity | 0.48x | 0.57x | 0.61x | 0.72x | 0.69x | 0.75x |
| Equity ratio | 47.6% | 43.6% | 43.0% | 43.2% | 41.9% | 35.9% |
| Interest coverage | 2.70x | 3.08x | -0.85x | 2.54x | 2.06x | 0.34x |
| R&D as a share of sales | 1.9% | 2.7% | 4.5% | 3.2% | 3.8% | 4.9% |
| Buybacks as a share of market value | 0.2% | -0.9% | -0.2% | -0.2% | 2.8% | -20.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.0% | 10.5% | 6.9% |
| Operating income | 10.1% | 66.7% | 6.4% |
| Net income | 12.0% | — | 3.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.4% | 27.2% | 27.2% | 28.1% |
| Operating margin | 14.0% | 9.1% | 8.1% | 10.6% |
| Net margin | 7.5% | 3.6% | 3.0% | 5.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 39.1 | 33.2 | -38.4 | 41.0 | 58.8 | -221.4 | 30.7 | 27.5 | 19.4 | 25.0 |
| Price to sales | 2.5 | 2.9 | 2.7 | 2.3 | 2.5 | 3.5 | 2.6 | 2.8 | 2.4 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Mar 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.43 | 0.39 | 0.35 | 0.315 | 0.295 | 0.27 | 0.22 | 0.19 |
- 2-for-1 split · 5 Jul 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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