M 
Major Drilling Group International MDI.TO · CAD
Materials · Toronto Stock Exchange · 🇨🇦 Canada
15.91
+4.60%
Close of 9 Nov 2026, in CAD
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At a glance
Figures in CAD, from our data supplier.
Revenue
C$889.1m
FY2017FY2026
Net income
C$21.4m
FY2017FY2026
Free cash flow
C$20.8m
FY2017FY2026
Shareholders' equity
C$556.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$889.1m | C$727.6m | C$706.7m | C$735.7m | C$650.4m | C$432.1m | C$409.1m | C$384.8m | C$342.3m | C$300.6m |
| Gross profit | C$128.9m | C$130.5m | C$152.7m | C$176.9m | C$139.8m | C$64.1m | C$60.6m | C$91.0m | C$74.3m | C$60.2m |
| Operating income | C$47.1m | C$39.0m | C$83.5m | C$98.6m | C$71.4m | C$12.9m | C$9.9m | −C$734,000 | −C$25.1m | −C$41.6m |
| Net income | C$21.4m | C$26.0m | C$53.1m | C$74.9m | C$53.5m | C$10.0m | −C$71.0m | −C$18.1m | −C$22.5m | −C$42.1m |
| Diluted earnings per share | 0.26 | 0.32 | 0.65 | 0.90 | 0.64 | 0.12 | -0.88 | -0.23 | -0.28 | -0.52 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$766.0m | C$718.7m | C$612.2m | C$611.7m | C$557.1m | C$388.5m | C$425.9m | C$461.3m | C$467.1m | C$494.6m |
| Cash and short-term investments | C$62.6m | C$46.0m | C$96.2m | C$94.4m | C$71.3m | C$22.4m | C$58.4m | C$27.4m | C$21.3m | C$26.0m |
| Total liabilities | C$210.0m | C$196.6m | C$118.4m | C$159.1m | C$197.3m | C$108.4m | C$128.9m | C$98.3m | C$94.7m | C$84.8m |
| Debt | C$29.0m | C$37.0m | C$4.7m | C$25.6m | C$55.4m | C$19.2m | C$55.2m | C$17.4m | C$19.3m | C$7.8m |
| Shareholders' equity | C$556.0m | C$522.1m | C$493.8m | C$452.6m | C$359.8m | C$280.2m | C$297.0m | C$363.0m | C$372.4m | C$409.8m |
| Shares outstanding | 82m | 82m | 82m | 83m | 83m | 83m | 81m | 80m | 80m | 80m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | C$81.8m | C$100.9m | C$112.0m | C$113.2m | C$94.9m | C$34.4m | C$42.1m | C$21.0m | C$10.2m | −C$3.2m |
| Capital spending | −C$61.0m | −C$72.5m | −C$73.5m | −C$58.7m | −C$49.9m | −C$31.3m | −C$32.0m | −C$25.5m | −C$22.5m | −C$17.7m |
| Free cash flow | C$20.8m | C$28.4m | C$38.5m | C$54.5m | C$44.9m | C$3.1m | C$10.1m | −C$4.5m | −C$12.3m | −C$20.9m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$277.3m | C$233.7m | C$184.6m | C$244.1m | C$226.6m | C$187.5m | C$160.7m | C$189.3m |
| Gross profit | C$49.1m | C$33.7m | C$9.5m | C$46.1m | C$42.2m | C$27.7m | C$16.5m | C$44.3m |
| Operating income | C$26.3m | C$13.3m | −C$11.8m | C$25.4m | C$19.3m | C$2.4m | −C$9.0m | C$23.4m |
| Net income | C$14.5m | C$8.2m | −C$10.8m | C$13.9m | C$10.1m | C$1.0m | −C$9.1m | C$18.2m |
| Diluted earnings per share | 0.18 | 0.10 | -0.13 | 0.17 | 0.12 | 0.01 | -0.11 | 0.22 |
| Cash from operations | C$11.0m | C$1.0m | C$35.0m | C$29.0m | C$14.0m | C$4.0m | C$28.0m | C$43.0m |
| Capital spending | −C$13.0m | −C$24.0m | −C$10.0m | −C$11.0m | −C$14.0m | −C$18.0m | −C$12.0m | −C$20.0m |
| Free cash flow | −C$2.0m | −C$23.0m | C$25.0m | C$18.0m | C$0 | −C$14.0m | C$16.0m | C$23.0m |
| Total assets | C$812.3m | C$766.0m | C$734.6m | C$778.9m | C$731.8m | C$718.7m | C$722.2m | C$647.3m |
| Cash and short-term investments | C$59.3m | C$62.6m | C$88.6m | C$64.7m | C$47.1m | C$46.0m | C$63.0m | C$100.4m |
| Debt | C$30.3m | C$29.0m | C$35.5m | C$36.8m | C$36.7m | C$37.1m | C$39.4m | C$6.3m |
| Shareholders' equity | C$581.2m | C$556.0m | C$543.6m | C$558.0m | C$532.0m | C$522.1m | C$537.9m | C$533.1m |
Financial ratios
Data as of 3 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 14.5% | 17.9% | 21.6% | 24.0% | 21.5% | 14.8% | — |
| Operating margin | 5.3% | 5.4% | 10.4% | 13.3% | 10.8% | 3.0% | — |
| Net margin | 2.4% | 3.6% | 7.5% | 10.2% | 8.2% | 2.3% | — |
| Return on equity | 3.8% | 5.0% | 10.7% | 16.6% | 14.9% | 3.6% | — |
| Return on assets | 2.8% | 3.6% | 8.7% | 12.2% | 9.6% | 2.6% | — |
| Free cash flow yield | 11.9% | 14.4% | 15.5% | 14.2% | 11.9% | 5.4% | — |
| Revenue growth | 22.2% | 3.0% | -3.9% | 13.1% | 50.5% | 5.6% | — |
| Earnings growth | -17.6% | -51.1% | -29.1% | 40.1% | 432.8% | -114.1% | — |
| Current ratio | 2.43x | 2.52x | 3.40x | 3.15x | 2.73x | 2.94x | — |
| Debt to equity | 0.05x | 0.06x | 0.00x | 0.05x | 0.14x | 0.06x | — |
| Equity ratio | 72.6% | 72.6% | 80.7% | 74.0% | 64.6% | 72.1% | — |
| Interest coverage | 28.61x | 80.63x | — | 34.12x | 43.04x | 11.04x | -49.14x |
| Buybacks as a share of market value | -0.2% | -0.1% | 1.0% | 0.4% | -0.5% | -2.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.5% | 15.5% | 11.3% |
| Operating income | -21.8% | 29.6% | — |
| Net income | -34.2% | 16.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.0% | 19.3% | 19.1% | 19.5% |
| Operating margin | 5.3% | 8.8% | 8.5% | 4.5% |
| Net margin | 2.9% | 5.7% | 5.8% | 0.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 58.1 | 40.8 | 12.7 | 10.2 | 16.4 | 68.1 | -8.8 | -25.2 | -16.4 | -13.5 |
| Price to sales | 1.4 | 1.5 | 0.9 | 1.0 | 1.3 | 1.6 | 1.5 | 1.2 | 1.1 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Oct 2015.
| FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.12 | 0.20 | 0.20 | 0.17 | 0.147 | 0.133 | 0.133 |
- 3-for-1 split · 21 Mar 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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