N 
22.84
+0.88%
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.
Revenue
C$2.43bn
FY2016FY2025
Net income
−C$163.2m
FY2016FY2025
Free cash flow
C$976.5m
FY2016FY2025
Shareholders' equity
C$4.06bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$2.43bn | C$2.35bn | C$2.24bn | C$2.45bn | C$2.09bn | C$2.06bn | C$1.66bn | C$1.56bn | C$1.38bn | C$1.10bn |
| Research and development | C$63.9m | C$63.1m | C$114.2m | C$78.2m | C$77.7m | C$74.6m | — | — | — | — |
| Operating income | C$785.5m | C$812.9m | C$578.0m | C$1.04bn | C$754.0m | C$900.2m | C$813.7m | C$732.8m | C$632.1m | C$508.6m |
| Net income | −C$163.2m | C$271.8m | −C$175.2m | C$827.7m | C$189.6m | C$381.1m | C$320.8m | C$278.1m | C$161.1m | C$121.5m |
| Diluted earnings per share | -0.62 | 1.06 | -0.69 | 3.36 | 0.83 | 1.88 | 1.61 | 1.48 | 0.86 | 0.66 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$13.24bn | C$13.60bn | C$13.63bn | C$14.22bn | C$12.88bn | C$11.40bn | C$10.48bn | C$10.34bn | C$10.28bn | C$8.66bn |
| Cash and short-term investments | C$678.9m | C$613.3m | C$740.2m | C$1.46bn | C$673.7m | C$435.0m | C$268.2m | C$278.5m | C$400.6m | C$307.5m |
| Total liabilities | C$8.81bn | C$9.05bn | C$9.14bn | C$9.50bn | C$9.91bn | C$9.40bn | C$8.97bn | C$8.80bn | C$8.82bn | C$7.29bn |
| Debt | C$7.03bn | C$7.38bn | C$7.38bn | C$7.12bn | C$7.79bn | C$7.66bn | C$7.28bn | C$7.47bn | C$7.39bn | C$6.21bn |
| Shareholders' equity | C$4.06bn | C$4.19bn | C$4.19bn | C$4.39bn | C$2.76bn | C$1.58bn | C$1.06bn | C$1.07bn | C$945.8m | C$934.5m |
| Shares outstanding | 262m | 257m | 254m | 246m | 228m | 202m | 200m | 188m | 187m | 184m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | C$1.11bn | C$683.2m | C$459.4m | C$1.50bn | C$1.33bn | C$1.01bn | C$935.7m | C$819.8m | C$576.8m | C$531.8m |
| Capital spending | −C$135.5m | −C$552.2m | −C$441.1m | −C$452.6m | −C$469.8m | −C$226.6m | −C$766.0m | −C$396.9m | −C$815.8m | −C$1.63bn |
| Free cash flow | C$976.5m | C$131.0m | C$18.3m | C$1.04bn | C$858.0m | C$786.0m | C$169.7m | C$422.9m | −C$239.0m | −C$1.09bn |
| Dividends paid | −C$292.3m | −C$206.7m | −C$211.2m | −C$208.1m | −C$183.6m | −C$231.6m | −C$228.1m | −C$175.2m | −C$145.5m | −C$151.1m |
Financial ratios
Data as of 16 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 8.0% | 36.5% | 33.0% | 42.5% | 37.2% | 41.2% |
| Net margin | -6.7% | 11.6% | -7.8% | 33.8% | 9.1% | 18.5% |
| Return on equity | -4.0% | 6.5% | -4.2% | 18.8% | 6.9% | 24.2% |
| Return on assets | -1.2% | 2.0% | -1.3% | 5.8% | 1.5% | 3.3% |
| Free cash flow yield | 21.6% | 21.7% | 16.0% | 35.8% | 35.7% | 27.7% |
| Revenue growth | 3.8% | 4.6% | -8.4% | 17.0% | 1.6% | 24.2% |
| Earnings growth | -160.1% | -255.2% | -121.2% | 336.7% | -50.3% | 18.8% |
| Current ratio | 1.07x | 1.05x | 1.13x | 1.23x | 1.01x | 1.02x |
| Debt to equity | 1.69x | 1.73x | 1.72x | 1.59x | 2.77x | 4.82x |
| Equity ratio | 30.7% | 30.8% | 30.7% | 30.9% | 21.4% | 13.8% |
| Interest coverage | 0.57x | 2.25x | 2.16x | 3.13x | 2.28x | 2.32x |
| R&D as a share of sales | 2.6% | 2.7% | 5.1% | 3.2% | 3.7% | 3.6% |
| Buybacks as a share of market value | -1.6% | -1.2% | -3.2% | -8.2% | -12.5% | -1.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.2% | 3.4% | 12.8% |
| Operating income | -8.9% | -2.7% | 11.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 33.4% | 34.0% | 35.7% | 39.1% |
| Net margin | 2.3% | 8.0% | 9.8% | 11.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -28.6 | 16.9 | -35.0 | 11.1 | 45.6 | 24.3 | 16.9 | 14.6 | 27.1 | 35.4 |
| Price to sales | 1.9 | 2.0 | 2.7 | 3.7 | 4.1 | 4.5 | 3.3 | 2.6 | 3.2 | 3.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 28 years. Last went ex-dividend on 29 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.54 | 1.16 | 1.20 | 1.20 | 1.20 | 1.20 | 1.20 | 1.20 |
- 1-to-1 reverse split · 10 Jan 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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