CAE Inc.
TSX:CAE.TO · Toronto Stock Exchange
+$0.60 today
Vol 1.18M · Avg 1.01M
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:CAE.TO · Revenue to Net Income
Key Ratios
Analysis
$4.9B of revenue converted into $313.1M of net income for the selected period. Gross margin is 28.3% and net margin is 6.3%, showing how much revenue survives after costs and taxes. EPS is $0.98, 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 | $4.9B +4.4% | $4.7B +9.9% | $4.3B +6.8% | $4.0B +19.0% | $3.4B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $3.6B +4.9% | $3.4B +8.9% | $3.1B +6.9% | $2.9B +21.2% | $2.4B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $1.3B +3.1% | $1.3B +12.6% | $1.2B +6.6% | $1.1B +13.4% | $955.5M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 27.3% -0.3pp | 27.6% +0.7pp | 27.0% -0.1pp | 27.0% -1.3pp | 28.3% | 9.8% | 28.9% | 38.3% |
| Research & Development | $95.0M -24.8% | $126.3M -34.7% | $193.5M +49.7% | $129.3M +1.7% | $127.1M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $622.6M +13.9% | $546.5M +2.1% | $535.0M +6.0% | $504.8M +2.1% | $494.4M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $717.6M +25.7% | $570.9M -57.4% | $1.3B +117.0% | $617.5M -8.0% | $671.3M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $451.0M +61.2% | $279.8M -11.4% | $315.8M +36.4% | $231.5M +9.7% | $211.1M | $374.2M | $1.2B | $631.8M |
| EBITDA | $1.1B +18.2% | $915.7M +16.5% | $785.7M +13.3% | $693.6M +25.6% | $552.3M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 22.0% +2.6pp | 19.5% +1.1pp | 18.3% +1.1pp | 17.3% +0.9pp | 16.4% | 5.6% | 46.3% | 42.0% |
| Operating Income | $622.5M -14.6% | $729.2M +493.3% | -$185.4M -139.8% | $466.0M +64.0% | $284.2M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 12.7% -2.8pp | 15.5% +19.8pp | -4.3% -15.9pp | 11.6% +3.2pp | 8.4% | 16.6% | 24.1% | 22.0% |
| Interest Income | $18.6M -12.3% | $21.2M +21.1% | $17.5M +30.6% | $13.4M +4.7% | $12.8M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $230.7M -2.5% | $236.7M +7.2% | $220.7M +20.1% | $183.7M +33.0% | $138.1M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$222.3M -3.2% | -$215.5M -5.1% | -$205.0M -18.1% | -$173.6M -32.9% | -$130.6M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $400.2M -22.1% | $513.7M +231.6% | -$390.4M -233.5% | $292.4M +90.4% | $153.6M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 8.1% -2.8pp | 10.9% +20.0pp | -9.1% -16.4pp | 7.3% +2.7pp | 4.6% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $77.5M -21.5% | $98.7M +235.6% | -$72.8M -216.3% | $62.6M +1638.9% | $3.6M | $1.3B | -$1.6B | $745.2M |
| Net Income | $313.1M -22.7% | $405.3M +233.3% | -$304.0M -236.5% | $222.7M +57.2% | $141.7M | $4.9B | $4.8B | $4.7B |
| Net Margin | 6.4% -2.2pp | 8.6% +15.7pp | -7.1% -12.7pp | 5.6% +1.3pp | 4.2% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 -22.8% | $1 +232.3% | -$1 -237.1% | $1 +52.2% | $0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 -23.6% | $1 +232.3% | -$1 -237.1% | $1 +55.6% | $0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $321.1M +0.6% | $319.1M +0.3% | $318.2M +0.2% | $317.7M +2.1% | $311.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $322.2M +0.8% | $319.7M +0.5% | $318.2M -0.1% | $318.4M +1.8% | $312.9M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Bombardier Inc.
TSX:BBD-B.TO
$29.91B
Bombardier Inc.
TSX:BBD-A.TO
$29.84B
TFI International Inc.
TSX:TFII.TO
$16.79B
Toromont Industries Ltd.
TSX:TIH.TO
$16.77B
AtkinsRéalis Group Inc.
TSX:ATRL.TO
$13.15B
Finning International Inc.
TSX:FTT.TO
$12.75B
Element Fleet Management Corp.
TSX:EFN.TO
$11.08B
Bombardier Inc.
TSX:BBD-PB.TO
$9.48B
MDA Ltd.
TSX:MDA.TO
$7.62B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does CAE.TO generate?
CAE Inc. (CAE.TO) reported $4.91B of revenue in fiscal 2025.
Is CAE.TO profitable?
CAE Inc. (CAE.TO) reported $313.10M of net income, with a net margin of 6.4%.
Explore More
Continue the stock analysis
Jump to another research area for this company.