96.19
+1.12%
Close of 9 Nov 2026, in CAD
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At a glance
Figures in CAD, from our data supplier.
Revenue
C$992.7m
FY2016FY2025
Net income
C$80.2m
FY2016FY2025
Free cash flow
−C$101.5m
FY2016FY2025
Shareholders' equity
C$742.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$992.7m | C$1.00bn | C$877.5m | C$979.9m | C$757.8m | C$668.5m | C$486.6m | C$454.9m | C$382.9m | C$331.0m |
| Gross profit | C$197.1m | C$225.8m | C$138.1m | C$247.5m | C$232.4m | C$250.5m | C$119.2m | C$112.3m | C$106.3m | C$86.9m |
| Operating income | C$144.3m | C$192.0m | C$67.6m | C$206.5m | C$172.9m | C$148.3m | C$55.4m | C$60.3m | C$58.2m | C$45.7m |
| Net income | C$80.2m | C$108.4m | C$37.3m | C$190.6m | C$167.4m | −C$87.8m | C$11.6m | C$20.2m | C$23.7m | C$2.4m |
| Diluted earnings per share | 5.31 | 6.69 | 2.18 | 9.49 | 9.68 | -5.13 | 0.74 | 1.49 | 1.76 | 0.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$2.13bn | C$1.93bn | C$2.04bn | C$1.99bn | C$1.49bn | C$1.22bn | C$1.10bn | C$852.9m | C$627.7m | C$462.5m |
| Cash and short-term investments | C$6.7m | C$1.5m | C$31.8m | C$6.1m | C$94.7m | C$3.7m | C$1.6m | C$500,000 | C$7.5m | C$9.0m |
| Total liabilities | C$1.39bn | C$1.19bn | C$1.25bn | C$1.15bn | C$813.4m | C$1.05bn | C$822.1m | C$695.2m | C$473.1m | C$395.9m |
| Debt | C$994.6m | C$755.1m | C$799.2m | C$707.0m | C$398.6m | C$572.8m | C$633.8m | C$604.4m | C$400.5m | C$311.6m |
| Shareholders' equity | C$742.4m | C$737.7m | C$784.5m | C$831.5m | C$676.4m | C$175.2m | C$276.2m | C$157.7m | C$154.6m | C$66.6m |
| Shares outstanding | 15m | 16m | 17m | 20m | 17m | 17m | 16m | 14m | 14m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | C$234.6m | C$328.6m | C$192.8m | C$282.5m | C$245.0m | C$292.6m | C$151.0m | C$91.3m | C$78.7m | C$62.0m |
| Capital spending | −C$336.1m | −C$250.0m | −C$266.7m | −C$611.2m | −C$277.6m | −C$146.6m | −C$218.1m | −C$186.7m | −C$135.7m | −C$59.8m |
| Free cash flow | −C$101.5m | C$78.6m | −C$73.9m | −C$328.7m | −C$32.6m | C$146.0m | −C$67.1m | −C$95.4m | −C$57.0m | C$2.2m |
| Dividends paid | −C$16.0m | −C$26.7m | −C$19.7m | −C$18.9m | −C$17.1m | −C$14.6m | −C$12.4m | −C$11.1m | −C$8.9m | −C$6.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$275.8m | C$254.7m | C$284.7m | C$219.9m | C$238.2m | C$249.9m | C$293.2m | C$245.6m |
| Gross profit | C$58.8m | C$40.0m | C$66.6m | C$29.1m | C$49.5m | C$52.8m | C$73.6m | C$62.4m |
| Operating income | C$32.8m | C$18.6m | C$39.1m | C$12.1m | C$26.0m | C$35.7m | C$60.4m | C$38.8m |
| Net income | C$7.0m | C$4.1m | C$26.6m | C$8.8m | −C$3.2m | C$48.0m | C$71.2m | C$29.7m |
| Diluted earnings per share | 0.47 | 0.28 | 1.76 | 0.58 | -0.21 | 3.18 | 4.40 | 1.83 |
| Cash from operations | C$96.0m | C$69.0m | C$29.0m | C$112.0m | C$28.0m | C$64.0m | C$103.0m | C$96.0m |
| Capital spending | −C$54.0m | −C$44.0m | −C$56.0m | −C$67.0m | −C$100.0m | −C$111.0m | −C$136.0m | −C$52.0m |
| Free cash flow | C$42.0m | C$25.0m | −C$27.0m | C$45.0m | −C$72.0m | −C$47.0m | −C$33.0m | C$44.0m |
| Total assets | C$2.03bn | C$2.06bn | C$2.13bn | C$2.09bn | C$2.07bn | C$1.99bn | C$1.93bn | C$1.86bn |
| Cash and short-term investments | C$4.0m | C$1.6m | C$6.7m | C$3.7m | C$5.0m | C$7.4m | C$1.5m | C$6.7m |
| Debt | C$24.9m | C$763.1m | C$994.6m | C$957.0m | C$959.7m | C$840.4m | C$755.1m | C$703.0m |
| Shareholders' equity | C$734.3m | C$741.9m | C$742.4m | C$735.5m | C$731.7m | C$780.3m | C$737.7m | C$712.3m |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 19.9% | 22.6% | 15.7% | 25.3% | 30.7% | 37.5% |
| Operating margin | 14.5% | 19.4% | 12.9% | 25.9% | 30.6% | 22.2% |
| Net margin | 8.1% | 10.8% | 4.3% | 19.5% | 22.1% | -13.1% |
| Return on equity | 10.8% | 14.7% | 4.8% | 22.9% | 24.7% | -50.1% |
| Return on assets | 3.8% | 5.6% | 1.8% | 9.6% | 11.2% | -7.2% |
| Free cash flow yield | 41.9% | 39.7% | 29.8% | 49.4% | 33.5% | 28.5% |
| Revenue growth | -0.8% | 14.1% | -10.5% | 29.3% | 13.4% | 37.4% |
| Earnings growth | -26.0% | 190.6% | -80.4% | 13.9% | -290.7% | -856.9% |
| Current ratio | 1.23x | 0.58x | 1.49x | 0.77x | 2.04x | 0.53x |
| Debt to equity | 1.12x | 0.91x | 0.90x | 0.78x | 0.49x | 2.75x |
| Equity ratio | 34.8% | 38.3% | 38.5% | 41.9% | 45.4% | 14.3% |
| Interest coverage | 2.90x | 3.42x | 1.84x | 7.55x | 7.50x | 3.74x |
| Buybacks as a share of market value | 6.7% | 5.5% | 14.6% | -16.1% | -1.2% | -9.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.4% | 8.2% | 13.1% |
| Operating income | -11.3% | -0.5% | 22.5% |
| Net income | -25.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.2% | 21.0% | 24.5% | 24.5% |
| Operating margin | 16.9% | 15.9% | 17.7% | 16.2% |
| Net margin | 9.5% | 10.8% | 9.4% | 7.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.8 | 16.1 | 54.8 | 12.3 | 17.2 | -41.8 | 139.0 | 47.7 | 33.4 | 207.7 |
| Price to sales | 1.3 | 1.8 | 2.3 | 2.4 | 3.8 | 5.5 | 3.3 | 2.1 | 2.1 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 18 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.155 | 1.40 | 1.329 | 1.173 | 1.118 | 1.04 | 0.936 | 0.936 |
- 1-to-1 reverse split · 6 Jan 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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