135.56
+2.81%
Close of 9 Nov 2026, in CAD
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At a glance
Figures in USD, from our data supplier.
Revenue
$4.67bn
FY2016FY2025
Net income
$435.9m
FY2016FY2025
Free cash flow
$731.8m
FY2016FY2025
Shareholders' equity
$6.04bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.67bn | $4.28bn | $3.68bn | $1.73bn | $1.42bn | $1.38bn | $1.32bn | $1.17bn | $971.2m | $1.13bn |
| Operating income | $825.0m | $761.2m | $471.3m | $453.5m | $241.0m | $263.2m | $223.2m | $185.2m | $142.6m | $135.7m |
| Net income | $435.9m | $413.1m | $206.5m | $319.7m | $151.9m | $170.1m | $149.0m | $121.5m | $75.0m | $91.8m |
| Diluted earnings per share | 2.33 | 2.23 | 1.12 | 2.86 | 1.36 | 1.53 | 1.35 | 1.10 | 0.69 | 0.85 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $12.12bn | $11.81bn | $12.04bn | $2.86bn | $3.59bn | $2.35bn | $2.23bn | $2.05bn | $2.02bn | $1.60bn |
| Cash and short-term investments | $693.5m | $533.9m | $576.2m | $494.3m | $326.1m | $278.8m | $359.7m | $237.7m | $267.9m | $207.9m |
| Total liabilities | $6.06bn | $6.09bn | $6.53bn | $1.57bn | $2.52bn | $1.34bn | $1.32bn | $1.22bn | $1.27bn | $907.7m |
| Debt | $5.50bn | $4.56bn | $4.77bn | $626.0m | $1.76bn | $682.9m | $666.5m | $741.3m | $827.8m | $622.9m |
| Shareholders' equity | $6.04bn | $5.71bn | $5.50bn | $1.29bn | $1.07bn | $1.01bn | $901.8m | $830.6m | $739.7m | $687.1m |
| Shares outstanding | 187m | 185m | 184m | 112m | 112m | 111m | 110m | 110m | 108m | 108m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $995.3m | $887.0m | $679.3m | $461.8m | $312.3m | $275.4m | $331.7m | $137.3m | $150.6m | $174.0m |
| Capital spending | −$263.5m | −$159.4m | −$231.6m | −$31.0m | −$9.7m | −$15.0m | −$13.5m | −$16.0m | −$11.0m | −$18.5m |
| Free cash flow | $731.8m | $727.6m | $447.7m | $430.8m | $302.6m | $260.4m | $318.1m | $121.3m | $139.6m | $155.5m |
| Dividends paid | −$262.6m | −$228.7m | −$333.7m | −$111.8m | −$102.1m | −$96.4m | −$82.3m | −$72.0m | −$74.3m | −$69.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.32bn | $1.21bn | $1.22bn | $1.09bn | $1.19bn | $1.11bn | $1.14bn | $981.8m |
| Operating income | $233.4m | $220.6m | $317.1m | $158.3m | $188.6m | $189.5m | $207.0m | $153.4m |
| Net income | $143.5m | $133.3m | $110.8m | $95.5m | $109.8m | $113.4m | $118.5m | $76.1m |
| Diluted earnings per share | 0.77 | 0.71 | 0.59 | 0.51 | 0.59 | 0.61 | 0.64 | 0.41 |
| Cash from operations | $141.0m | $220.0m | $263.0m | $232.0m | $333.0m | $157.0m | $181.0m | $287.0m |
| Capital spending | −$104.0m | −$50.0m | −$69.0m | −$50.0m | −$86.0m | −$54.0m | −$54.0m | −$37.0m |
| Free cash flow | $37.0m | $170.0m | $194.0m | $182.0m | $247.0m | $103.0m | $127.0m | $250.0m |
| Total assets | $12.49bn | $12.41bn | $12.12bn | $12.24bn | $12.16bn | $11.89bn | $11.81bn | $11.93bn |
| Cash and short-term investments | $524.9m | $860.0m | $693.5m | $674.7m | $710.2m | $578.1m | $533.9m | $650.7m |
| Debt | $3.07bn | $2.77bn | $2.60bn | $2.80bn | $2.97bn | $3.00bn | $3.13bn | $3.13bn |
| Shareholders' equity | $6.05bn | $6.11bn | $6.04bn | $5.97bn | $5.93bn | $5.77bn | $5.71bn | $5.69bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 17.7% | 17.8% | 12.8% | 26.2% | 17.0% | 19.1% |
| Net margin | 9.3% | 9.6% | 5.6% | 18.4% | 10.7% | 12.4% |
| Return on equity | 7.2% | 7.2% | 3.8% | 24.8% | 14.2% | 16.9% |
| Return on assets | 3.6% | 3.5% | 1.7% | 11.2% | 4.2% | 7.2% |
| Free cash flow yield | 5.8% | 4.8% | 4.2% | 3.8% | 2.5% | 2.2% |
| Revenue growth | 9.0% | 16.4% | 112.2% | 22.4% | 2.9% | 4.4% |
| Earnings growth | 5.5% | 100.0% | -35.4% | 110.5% | -10.7% | 14.1% |
| Current ratio | 1.10x | 1.29x | 1.35x | 1.21x | 1.30x | 1.08x |
| Debt to equity | 0.43x | 0.54x | 0.47x | 0.47x | 1.63x | 0.66x |
| Equity ratio | 49.9% | 48.3% | 45.7% | 45.0% | 29.8% | 42.8% |
| Interest coverage | 4.23x | 3.26x | 2.20x | 7.84x | 6.51x | 7.40x |
| Buybacks as a share of market value | -1.3% | -0.6% | -64.2% | -0.3% | -0.5% | -0.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 39.1% | 27.7% | 24.6% |
| Operating income | 22.1% | 25.7% | 16.8% |
| Net income | 10.9% | 20.7% | 12.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 17.7% | 17.5% | 17.6% | 17.4% |
| Net margin | 9.5% | 9.6% | 9.9% | 10.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 44.2 | 40.4 | 59.6 | 20.2 | 44.6 | 45.4 | 31.7 | 29.6 | 43.2 | 39.7 |
| Price to sales | 4.1 | 3.9 | 3.3 | 3.7 | 4.8 | 5.6 | 3.6 | 3.1 | 3.3 | 3.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 22 years. Last went ex-dividend on 25 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.068 | 1.49 | 1.12 | 2.43 | 1.04 | 0.94 | 0.84 | 0.76 |
- 3-for-1 split · 22 Apr 2008
- 2-for-1 split · 30 Apr 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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