Badger Infrastructure Solutions Ltd.
TSX:BDGI.TO · Toronto Stock Exchange
+$1.88 today
Vol 0.04M · Avg 0.18M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
TSX:BDGI.TO · Revenue to Net Income
Key Ratios
Analysis
$955.1M of revenue converted into $67.9M of net income for the selected period. Gross margin is 23.2% and net margin is 6.4%, showing how much revenue survives after costs and taxes. EPS is $2.01, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $846.3M +13.7% | $744.2M +9.1% | $682.2M -8.2% | $743.1M +65.1% | $450.1M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $691.5M +31.4% | $526.4M +7.1% | $491.5M -23.1% | $639.5M +78.6% | $358.1M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $154.7M -29.0% | $217.8M +14.2% | $190.6M +84.0% | $103.6M +12.5% | $92.1M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 18.3% -11.0pp | 29.3% +1.3pp | 27.9% +14.0pp | 13.9% -6.5pp | 20.5% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $86.0M +61.7% | $53.2M -9.6% | $58.8M +1.1% | $58.2M +48.9% | $39.1M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $86.0M -34.8% | $131.8M +2.6% | $128.5M +120.8% | $58.2M -37.9% | $93.7M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $90.3M +58.6% | $56.9M +7.5% | $53.0M -31.7% | $77.6M +62.3% | $47.8M | $374.2M | $1.2B | $631.8M |
| EBITDA | $188.2M +35.1% | $139.3M +9.5% | $127.2M +10.5% | $115.2M +161.0% | $44.1M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 22.2% +3.5pp | 18.7% +0.1pp | 18.7% +3.2pp | 15.5% +5.7pp | 9.8% | 5.6% | 46.3% | 42.0% |
| Operating Income | $68.7M -20.1% | $86.0M +38.4% | $62.1M +36.9% | $45.4M +2882.4% | -$1.6M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 8.1% -3.4pp | 11.6% +2.4pp | 9.1% +3.0pp | 6.1% +6.5pp | -0.4% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $16.9M +13.4% | $14.9M -13.5% | $17.3M +120.7% | $7.8M +80.6% | $4.3M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $12.3M +166.0% | -$18.6M -261.9% | -$5.1M +67.1% | -$15.6M -63.4% | -$9.5M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $81.0M +20.1% | $67.4M +18.3% | $57.0M +91.3% | $29.8M +366.5% | -$11.2M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 9.6% +0.5pp | 9.1% +0.7pp | 8.4% +4.3pp | 4.0% +6.5pp | -2.5% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $20.7M +5.7% | $19.6M +27.6% | $15.4M +156.7% | $6.0M +337.9% | -$2.5M | $1.3B | -$1.6B | $745.2M |
| Net Income | $60.3M +26.0% | $47.8M +14.8% | $41.7M +75.0% | $23.8M +374.8% | -$8.7M | $4.9B | $4.8B | $4.7B |
| Net Margin | 7.1% +0.7pp | 6.4% +0.3pp | 6.1% +2.9pp | 3.2% +5.1pp | -1.9% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $2 +28.1% | $1 +14.9% | $1 +137.3% | $1 +304.0% | -$0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $2 +28.1% | $1 +14.9% | $1 +137.3% | $1 +304.0% | -$0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $33.8M -1.8% | $34.5M -0.2% | $34.5M +0.1% | $34.5M -0.4% | $34.6M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $33.8M -1.8% | $34.5M -0.0% | $34.5M +0.0% | $34.5M -0.4% | $34.6M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
MDA Ltd.
TSX:MDA.TO
$7.57B
Hammond Power Solutions Inc.
TSX:HPS-A.TO
$3.93B
Russel Metals Inc.
TSX:RUS.TO
$3.47B
Bird Construction Inc.
TSX:BDT.TO
$3.38B
Aecon Group Inc.
TSX:ARE.TO
$3.01B
Westshore Terminals Investment Corporation
TSX:WTE.TO
$2.43B
Andlauer Healthcare Group Inc.
AND.TO
$2.15B
Savaria Corporation
TSX:SIS.TO
$2.10B
Transcontinental Inc.
TSX:TCL-A.TO
$414.32M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does BDGI.TO generate?
Badger Infrastructure Solutions Ltd. (BDGI.TO) reported $846.26M of revenue in fiscal 2025.
Is BDGI.TO profitable?
Badger Infrastructure Solutions Ltd. (BDGI.TO) reported $60.26M of net income, with a net margin of 7.1%.
Explore More
Continue the stock analysis
Jump to another research area for this company.