GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
C

Cascades CAS.TO · CAD

Materials · Toronto Stock Exchange · 🇨🇦 Canada

Compare

16.24

+2.01%

Close of 9 Nov 2026, in CAD

Search any instrument

Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CAD, from our data supplier.

FY2025

Revenue

C$4.78bn

FY2016FY2025

Net income

C$70.0m

FY2016FY2025

Free cash flow

C$227.0m

FY2016FY2025

Shareholders' equity

C$1.72bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueC$4.78bnC$4.70bnC$4.64bnC$4.47bnC$3.96bnC$5.16bnC$5.00bnC$4.65bnC$4.32bnC$4.00bn
Operating incomeC$269.0mC$95.0mC$40.0mC$141.0mC$151.0mC$366.0mC$258.0mC$230.0mC$272.0mC$221.0m
Net incomeC$70.0m−C$31.0m−C$76.0m−C$14.0m−C$47.0mC$198.0mC$97.0mC$57.0mC$507.0mC$135.0m
Diluted earnings per share0.69-0.31-0.75-0.14-0.461.911.020.595.201.39

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsC$4.67bnC$5.00bnC$4.77bnC$5.05bnC$4.57bnC$5.41bnC$5.18bnC$4.95bnC$4.38bnC$3.81bn
Cash and short-term investmentsC$52.0mC$28.0mC$54.0mC$111.0mC$175.0mC$389.0mC$155.0mC$133.0mC$98.0mC$65.0m
Total liabilitiesC$2.92bnC$3.23bnC$2.99bnC$3.13bnC$2.64bnC$3.46bnC$3.51bnC$3.26bnC$2.78bnC$2.74bn
DebtC$1.94bnC$2.12bnC$1.94bnC$2.07bnC$1.52bnC$2.06bnC$2.12bnC$1.89bnC$1.61bnC$1.59bn
Shareholders' equityC$1.72bnC$1.72bnC$1.74bnC$1.87bnC$1.88bnC$1.75bnC$1.49bnC$1.51bnC$1.46bnC$984.0m
Shares outstanding102m101m101m100m102m103m96m96m98m97m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsC$379.0mC$272.0mC$510.0mC$144.0mC$211.0mC$587.0mC$460.0mC$373.0mC$173.0mC$372.0m
Capital spending−C$152.0m−C$184.0m−C$351.0m−C$506.0m−C$301.0m−C$263.0m−C$266.0m−C$353.0m−C$193.0m−C$182.0m
Free cash flowC$227.0mC$88.0mC$159.0m−C$362.0m−C$90.0mC$324.0mC$194.0mC$20.0m−C$20.0mC$190.0m
Dividends paid−C$49.0m−C$48.0m−C$48.0m−C$48.0m−C$41.0m−C$31.0m−C$23.0m−C$15.0m−C$15.0m−C$15.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueC$1.22bnC$1.13bnC$1.20bnC$1.24bnC$1.19bnC$1.15bnC$1.21bnC$1.20bn
Operating incomeC$65.0mC$78.0mC$82.0mC$85.0mC$39.0mC$50.0mC$16.0mC$40.0m
Net incomeC$21.0mC$39.0mC$37.0mC$29.0m−C$3.0mC$7.0m−C$13.0mC$1.0m
Diluted earnings per share0.210.380.360.28-0.030.07-0.130.01
Cash from operationsC$116.0mC$18.0mC$183.0mC$181.0mC$67.0m−C$52.0mC$154.0mC$102.0m
Capital spending−C$40.0m−C$29.0m−C$42.0m−C$30.0m−C$44.0m−C$36.0m−C$48.0m−C$35.0m
Free cash flowC$76.0m−C$11.0mC$141.0mC$151.0mC$23.0m−C$88.0mC$106.0mC$67.0m
Total assetsC$4.83bnC$4.74bnC$4.67bnC$4.87bnC$4.81bnC$5.05bnC$5.00bnC$4.86bn
Cash and short-term investmentsC$96.0mC$85.0mC$48.0mC$73.0mC$31.0mC$31.0mC$28.0mC$36.0m
DebtC$1.76bnC$1.77bnC$2.00bnC$2.10bnC$2.13bnC$2.25bnC$2.19bnC$2.07bn
Shareholders' equityC$1.78bnC$1.76bnC$1.72bnC$1.71bnC$1.67bnC$1.72bnC$1.72bnC$1.71bn

Financial ratios

Data as of 5 Nov 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin5.6%2.3%1.3%0.5%0.7%6.0%
Net margin1.5%-0.7%-1.6%-0.3%-1.2%3.8%
Return on equity4.1%-1.8%-4.4%-0.7%-2.5%11.3%
Return on assets1.5%-0.6%-1.6%-0.3%-1.0%3.7%
Free cash flow yield28.8%24.9%47.2%35.8%27.8%45.4%
Revenue growth1.6%1.4%3.9%12.9%-23.3%3.2%
Earnings growth-325.8%-59.2%442.9%-70.2%-123.7%104.1%
Current ratio1.43x1.09x1.33x1.38x1.46x1.59x
Debt to equity1.01x1.12x1.04x1.02x0.81x1.18x
Equity ratio36.8%34.5%36.4%37.0%41.2%32.4%
Interest coverage1.98x0.80x0.47x0.27x0.34x3.23x
Buybacks as a share of market value-0.8%-0.3%-0.3%1.2%1.8%-8.3%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue2.3%-1.5%2.1%
Operating income24.0%-6.0%5.8%
Net income—-18.8%—

Average margins

Over each period

1 year3 years5 years10 years
Operating margin3.8%2.9%3.8%4.4%
Net margin0.4%-0.3%0.4%1.7%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings18.1-38.8-16.9-60.6-30.27.611.017.32.68.7
Price to sales0.30.30.30.20.40.30.20.20.30.3

Dividends and splits

Per share, in the currency the company pays

Paid for 25 years. Last went ex-dividend on 20 Aug 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.360.480.480.480.480.400.320.24

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.