Cascades Inc.
TSX:CAS.TO · Toronto Stock Exchange
+$0.12 today
Vol 0.10M · Avg 0.23M
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:CAS.TO · Revenue to Net Income
Key Ratios
Analysis
$4.7B of revenue converted into $102.0M of net income for the selected period. Gross margin is 18.8% and net margin is 2.2%, showing how much revenue survives after costs and taxes. EPS is $1.00, 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 | $4.8B +1.6% | $4.7B +1.4% | $4.6B +3.9% | $4.5B +12.9% | $4.0B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $4.2B +47.9% | $2.8B -4.4% | $3.0B +5.0% | $2.8B -18.2% | $3.5B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $565.0M -69.5% | $1.9B +11.6% | $1.7B +1.9% | $1.6B +232.0% | $491.0M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 11.8% -27.6pp | 39.4% +3.6pp | 35.8% -0.7pp | 36.5% +24.1pp | 12.4% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $1.1B +1.0% | $1.1B +0.0% | $1.1B +9.5% | $992.0M +178.7% | $356.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $296.0M -83.2% | $1.8B +8.5% | $1.6B +7.6% | $1.5B +323.0% | $356.0M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $287.0M +1.8% | $282.0M +3.7% | $272.0M +7.9% | $252.0M +0.0% | $252.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $556.0M +41.8% | $392.0M +18.8% | $330.0M +20.9% | $273.0M -2.8% | $281.0M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 11.6% +3.3pp | 8.3% +1.2pp | 7.1% +1.0pp | 6.1% -1.0pp | 7.1% | 5.6% | 46.3% | 42.0% |
| Operating Income | $269.0M +183.2% | $95.0M +137.5% | $40.0M -71.6% | $141.0M -6.6% | $151.0M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 5.6% +3.6pp | 2.0% +1.2pp | 0.9% -2.3pp | 3.2% -0.7pp | 3.8% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 +100.0% | -$4.0M | $0 -100.0% | $76.0M +7500.0% | $1.0M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $136.0M -1.4% | $138.0M +11.3% | $124.0M +61.0% | $77.0M -9.4% | $85.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$154.0M -25.2% | -$123.0M -16.0% | -$106.0M -53.6% | -$69.0M +21.6% | -$88.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $115.0M +510.7% | -$28.0M +57.6% | -$66.0M -83.3% | -$36.0M +5.3% | -$38.0M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 2.4% +3.0pp | -0.6% +0.8pp | -1.4% -0.6pp | -0.8% +0.2pp | -1.0% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $22.0M +257.1% | -$14.0M -7.7% | -$13.0M +40.9% | -$22.0M -344.4% | $9.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $70.0M +325.8% | -$31.0M +59.2% | -$76.0M -442.9% | -$14.0M +70.2% | -$47.0M | $4.9B | $4.8B | $4.7B |
| Net Margin | 1.5% +2.1pp | -0.7% +1.0pp | -1.6% -1.3pp | -0.3% +0.9pp | -1.2% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 +322.6% | -$0 +59.2% | -$1 -442.9% | -$0 +69.6% | -$0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 +322.6% | -$0 +59.2% | -$1 -442.9% | -$0 +69.6% | -$0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $101.2M +0.2% | $101.0M +0.4% | $100.5M -0.1% | $100.6M -1.2% | $101.9M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $101.4M +0.2% | $101.2M +0.7% | $100.5M -0.1% | $100.6M -1.2% | $101.9M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
NFI Group Inc.
TSX:NFI.TO
$2.76B
Winpak Ltd.
TSX:WPK.TO
$2.41B
MTY Food Group Inc.
TSX:MTY.TO
$907.26M
A & W Food Services of Canada Inc.
TSX:AW.TO
$878.54M
Martinrea International Inc.
TSX:MRE.TO
$733.75M
AutoCanada Inc.
TSX:ACQ.TO
$511.06M
Pollard Banknote Limited
TSX:PBL.TO
$462.05M
Imaflex Inc.
IFX.V
$121.89M
Supremex Inc.
TSX:SXP.TO
$90.03M
NEXE Innovations Inc.
NEXE.V
$14.11M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does CAS.TO generate?
Cascades Inc. (CAS.TO) reported $4.78B of revenue in fiscal 2025.
Is CAS.TO profitable?
Cascades Inc. (CAS.TO) reported $70.00M of net income, with a net margin of 1.5%.
Explore More
Continue the stock analysis
Jump to another research area for this company.