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C

CES Energy Solutions CEU.TO · CAD

Energy · Toronto Stock Exchange · 🇨🇦 Canada

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18.86

+0.59%

Close of 9 Nov 2026, in CAD

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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$2.49bn

FY2016FY2025

Net income

C$204.7m

FY2016FY2025

Free cash flow

C$199.2m

FY2016FY2025

Shareholders' equity

C$801.5m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueC$2.49bnC$2.35bnC$2.16bnC$1.92bnC$1.20bnC$888.0mC$1.28bnC$1.27bnC$1.03bnC$567.7m
Gross profitC$573.4mC$581.1mC$479.3mC$396.9mC$261.1mC$165.6mC$273.4mC$284.3mC$249.8mC$111.8m
Operating incomeC$269.5mC$266.3mC$223.2mC$167.0mC$74.2m−C$4.1mC$70.1mC$73.3mC$66.2m−C$34.8m
Net incomeC$204.7mC$191.1mC$154.6mC$95.2mC$49.9m−C$222.9mC$30.1mC$47.7mC$36.2m−C$64.5m
Diluted earnings per share0.950.810.630.360.19-0.850.110.180.13-0.24

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsC$1.62bnC$1.54bnC$1.38bnC$1.41bnC$1.09bnC$857.9mC$1.22bnC$1.32bnC$1.14bnC$979.0m
Cash and short-term investments—————C$18.3m—C$80.8m—C$13.4m
Total liabilitiesC$816.3mC$725.1mC$719.3mC$802.0mC$600.9mC$402.2mC$540.5mC$624.2mC$547.5mC$410.1m
DebtC$421.7mC$437.0mC$463.7mC$551.1mC$437.2mC$317.1mC$407.6mC$488.7mC$422.3mC$313.5m
Shareholders' equityC$801.5mC$814.2mC$658.0mC$609.0mC$486.7mC$455.7mC$679.3mC$697.6mC$593.2mC$568.8m
Shares outstanding215m237m244m261m261m264m263m272m275m273m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsC$285.4mC$304.7mC$301.8m−C$2.7m−C$74.4mC$156.7mC$187.3mC$77.6m−C$23.3mC$57.5m
Capital spending−C$86.2m−C$93.1m−C$73.9m−C$53.2m−C$27.4m−C$25.8m−C$51.0m−C$85.2m−C$66.6m−C$36.9m
Free cash flowC$199.2mC$211.6mC$227.9m−C$55.9m−C$101.8mC$130.9mC$136.3m−C$7.6m−C$89.9mC$20.6m
Dividends paid−C$34.8m−C$26.9m−C$22.5m−C$16.3m−C$4.1m−C$4.3m−C$16.0m−C$12.1m−C$8.0m−C$14.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueC$714.1mC$681.5mC$664.5mC$623.2mC$574.0mC$632.4mC$605.4mC$606.5m
Gross profitC$168.7mC$157.1mC$157.3mC$148.3mC$134.5mC$146.1mC$147.8mC$146.6m
Operating incomeC$84.9mC$56.3mC$84.6mC$65.6mC$58.8mC$74.2mC$68.1mC$69.5m
Net incomeC$38.5mC$50.3mC$68.3mC$40.5mC$51.8mC$44.1mC$41.9mC$46.6m
Diluted earnings per share0.180.240.320.190.240.200.180.20
Cash from operationsC$60.0mC$69.0mC$107.0mC$51.0mC$65.0mC$60.0mC$62.0mC$72.0m
Capital spending−C$27.0m−C$25.0m−C$18.0m−C$18.0m−C$25.0m−C$33.0m−C$22.0m−C$26.0m
Free cash flowC$33.0mC$44.0mC$89.0mC$33.0mC$40.0mC$27.0mC$40.0mC$46.0m
Total assetsC$1.79bnC$1.69bnC$1.62bnC$1.62bnC$1.54bnC$1.59bnC$1.54bnC$1.47bn
DebtC$433.6mC$414.4mC$481.5mC$498.6mC$470.6mC$456.5mC$436.8mC$427.3m
Shareholders' equityC$883.7mC$843.6mC$801.5mC$808.2mC$789.6mC$828.9mC$814.2mC$746.3m

Financial ratios

Data as of 20 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin23.0%24.7%22.2%20.6%21.8%18.6%
Operating margin11.7%11.5%10.5%8.1%6.2%-28.6%
Net margin8.2%8.1%7.1%5.0%4.2%-25.1%
Return on equity25.5%23.5%23.5%15.6%10.2%-48.9%
Return on assets12.7%12.4%11.2%6.7%4.6%-26.0%
Free cash flow yield6.5%6.3%6.1%-0.1%-1.4%2.9%
Revenue growth6.0%8.8%12.5%60.7%34.7%-30.5%
Earnings growth7.1%23.6%62.4%90.9%-122.4%-840.4%
Current ratio2.86x3.06x2.95x3.49x3.52x3.69x
Debt to equity0.53x0.47x0.64x0.85x0.85x0.67x
Equity ratio49.5%52.9%47.8%43.2%44.7%53.1%
Interest coverage8.30x7.44x5.02x5.36x3.49x-11.10x
Buybacks as a share of market value8.9%3.2%6.3%-0.1%1.1%-0.4%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue9.1%22.9%12.8%
Operating income17.3%—42.1%
Net income29.1%——

Average margins

Over each period

1 year3 years5 years10 years
Gross margin23.8%22.7%22.3%22.2%
Operating margin11.1%10.4%9.0%7.4%
Net margin8.2%7.2%4.3%2.7%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings12.912.35.57.610.6-1.513.111.631.9-20.9
Price to sales1.11.00.40.40.40.40.30.41.12.4

Dividends and splits

Per share, in the currency the company pays

Paid for 20 years. Last went ex-dividend on 29 Sept 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.1650.170.140.0950.0680.0320.0110.06
  • 3-for-1 split · 24 Jul 2014
  • 3-for-1 split · 11 Jul 2011
  • 1-to-1 reverse split · 6 Jan 2010

Sources and methodology

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

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