93.94
+2.64%
Close of 9 Nov 2026, in CAD
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At a glance
Figures in CAD, from our data supplier.
Revenue
C$8.44bn
FY2017FY2026
Net income
C$291.6m
FY2017FY2026
Free cash flow
C$738.3m
FY2017FY2026
Shareholders' equity
C$604.1m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$8.44bn | C$7.83bn | C$9.96bn | C$10.03bn | C$7.65bn | C$5.95bn | C$6.05bn | C$5.24bn | C$4.45bn | C$4.17bn |
| Gross profit | C$1.89bn | C$1.77bn | C$2.63bn | C$2.50bn | C$2.13bn | C$1.55bn | C$1.45bn | C$1.25bn | C$1.05bn | C$1.01bn |
| Research and development | C$474.5m | C$456.3m | C$442.1m | C$408.2m | C$322.5m | C$267.1m | C$261.5m | C$244.8m | C$216.4m | C$202.1m |
| Operating income | C$576.7m | C$551.7m | C$1.41bn | C$1.37bn | C$1.19bn | C$565.8m | C$604.3m | C$472.6m | C$377.7m | C$367.5m |
| Net income | C$291.6m | −C$213.1m | C$743.4m | C$863.9m | C$793.9m | C$363.4m | C$371.4m | C$227.0m | C$274.2m | C$257.2m |
| Diluted earnings per share | 4.01 | -2.87 | 10.06 | 11.10 | 9.89 | 4.35 | 4.14 | 2.50 | 2.78 | 2.47 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$6.32bn | C$6.29bn | C$6.78bn | C$6.46bn | C$5.03bn | C$4.89bn | C$3.77bn | C$3.08bn | C$2.56bn | C$2.52bn |
| Cash and short-term investments | C$427.1m | C$180.7m | C$491.8m | C$202.3m | C$265.8m | C$1.33bn | C$42.5m | C$100.0m | C$237.5m | C$302.1m |
| Total liabilities | C$5.71bn | C$6.05bn | C$5.96bn | C$5.92bn | C$5.16bn | C$5.36bn | C$4.36bn | C$3.40bn | C$2.62bn | C$2.35bn |
| Debt | C$2.68bn | C$3.13bn | C$2.95bn | C$3.02bn | C$2.19bn | C$2.65bn | C$1.89bn | C$1.22bn | C$1.01bn | C$923.7m |
| Shareholders' equity | C$604.1m | C$241.3m | C$808.9m | C$534.9m | −C$135.6m | −C$478.7m | −C$589.7m | −C$328.0m | −C$62.6m | C$160.9m |
| Shares outstanding | 73m | 74m | 74m | 78m | 80m | 84m | 90m | 91m | 99m | 104m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | C$1.04bn | C$562.3m | C$1.49bn | C$548.8m | C$716.8m | C$862.1m | C$480.0m | C$508.3m | C$518.7m | C$458.0m |
| Capital spending | −C$297.7m | −C$396.6m | −C$548.4m | −C$601.0m | −C$628.9m | −C$253.3m | −C$280.7m | −C$278.1m | −C$215.3m | −C$174.3m |
| Free cash flow | C$738.3m | C$165.7m | C$942.1m | −C$52.2m | C$87.9m | C$608.8m | C$199.3m | C$230.2m | C$303.4m | C$283.7m |
| Dividends paid | −C$62.9m | −C$61.9m | −C$55.6m | −C$50.8m | −C$43.1m | −C$9.6m | −C$37.2m | −C$35.3m | −C$25.3m | — |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$2.24bn | C$2.39bn | C$2.46bn | C$2.25bn | C$1.89bn | C$1.85bn | C$2.06bn | C$1.96bn |
| Gross profit | C$262.5m | C$561.6m | C$553.6m | C$541.2m | C$397.7m | C$394.8m | C$422.6m | C$430.0m |
| Operating income | −C$52.2m | C$222.3m | C$91.2m | C$202.6m | C$90.4m | C$93.9m | C$105.9m | C$109.1m |
| Net income | −C$133.9m | C$129.5m | C$48.0m | C$69.1m | C$24.3m | C$150.2m | −C$219.2m | C$7.1m |
| Diluted earnings per share | -1.84 | 1.78 | 0.66 | 0.93 | 0.33 | 2.03 | -2.96 | 0.10 |
| Cash from operations | C$218.0m | C$425.0m | C$387.0m | C$361.0m | C$114.0m | C$172.0m | C$262.0m | C$135.0m |
| Capital spending | −C$59.0m | −C$58.0m | −C$110.0m | −C$72.0m | −C$70.0m | −C$45.0m | −C$117.0m | −C$113.0m |
| Free cash flow | C$159.0m | C$367.0m | C$277.0m | C$289.0m | C$44.0m | C$127.0m | C$145.0m | C$22.0m |
| Total assets | C$6.64bn | C$6.75bn | C$6.32bn | C$6.51bn | C$6.29bn | C$6.34bn | C$6.29bn | C$6.51bn |
| Cash and short-term investments | C$647.8m | C$752.4m | C$427.1m | C$289.4m | C$326.5m | C$314.1m | C$180.7m | C$147.0m |
| Debt | C$2.56bn | C$2.50bn | C$2.68bn | C$2.79bn | C$3.04bn | C$3.01bn | C$3.13bn | C$3.05bn |
| Shareholders' equity | C$328.7m | C$696.6m | C$604.1m | C$568.9m | C$485.6m | C$464.1m | C$241.3m | C$530.7m |
Financial ratios
Data as of 9 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 22.4% | 22.7% | 26.4% | 24.9% | 27.9% | 26.0% |
| Operating margin | 6.1% | 8.1% | 14.3% | 13.5% | 15.3% | 12.3% |
| Net margin | 3.5% | -2.7% | 7.5% | 8.6% | 10.4% | 6.1% |
| Return on equity | 48.3% | -88.3% | 91.9% | 161.5% | -585.5% | -75.9% |
| Return on assets | 4.6% | -3.4% | 11.0% | 13.4% | 15.8% | 7.4% |
| Free cash flow yield | 23.7% | 16.7% | 35.7% | 19.1% | 21.7% | 17.3% |
| Revenue growth | 7.8% | -21.4% | -0.7% | 31.2% | 28.5% | -1.6% |
| Earnings growth | -236.8% | -128.7% | -13.9% | 8.8% | 118.5% | -2.2% |
| Current ratio | 1.27x | 1.31x | 1.41x | 1.36x | 1.02x | 1.31x |
| Debt to equity | 4.13x | 12.32x | 3.47x | 5.35x | -15.26x | -5.10x |
| Equity ratio | 9.6% | 3.8% | 11.9% | 8.3% | -2.7% | -9.8% |
| Interest coverage | 2.70x | 3.31x | 7.96x | 11.88x | 9.46x | 6.42x |
| R&D as a share of sales | 5.6% | 5.8% | 4.4% | 4.1% | 4.2% | 4.5% |
| Buybacks as a share of market value | 1.9% | -0.4% | 5.1% | 3.0% | 3.9% | 6.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.6% | 7.2% | 8.2% |
| Operating income | -25.0% | 0.4% | 8.1% |
| Net income | -30.4% | -4.3% | 18.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.5% | 24.2% | 25.0% | 24.7% |
| Operating margin | 6.9% | 10.8% | 11.3% | 10.5% |
| Net margin | 0.5% | 4.6% | 5.7% | 5.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 23.4 | -21.8 | 4.7 | 5.5 | 6.7 | 16.5 | 13.1 | 15.3 | 8.2 | 12.2 |
| Price to sales | 0.8 | 0.6 | 0.3 | 0.5 | 0.7 | 1.0 | 0.8 | 0.7 | 0.5 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 29 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.75 | 1.075 | 0.84 | 1.12 | 0.64 | 0.65 | 0.11 | 0.40 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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