/
See Item 7 of Part II Management s Discussion and Analysis of Financial Condition and Results of Operations. All references to dollars or $ used herein refer to U.S. dollars, and all references to CAD $ used herein refer to Canadian dollars, unless otherwise stated.
18.06% operating margin is respectable but not wide. ROIC at 8.13%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 6.1%, steady but not accelerating.
Net debt of $9.10B represents 7.4x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$9.61B
▲ +6.1% YoY
Net Income (TTM)
$1.05B
▲ +74.3% YoY
Op. Margin
17.53%
▲ +6.1pp YoY
ROIC
7.83%
▲ +2.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.15B
▲ +5.3% YoY
Op. Cash Flow (TTM)
$2.42B
▲ +8.3% YoY
Net Debt
$9.33B
Cash & Equiv.
$112M
5Y CAGR: +11.7%
5Y CAGR: +8.8%
Continue Research