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TSX/ARE (TSX/ARE)

Toronto Stock Exchange: TSX/ARE · CAD

CA$52.9

+2.66 (+5.3%)· Recorded snapshot

Market cap	3.6B
Revenue (ttm)	6B
Net income (ttm)	-65.3M
EPS (ttm)	-CA$1.01
Shares out	68.5M
P/E (forward)	28.0x
Dividend	CA$0.77 (1.46%)
Volume	306,916
Beta	1.06

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	CAD
Country	Canada
Country code	CA
Earnings date	2026-10-29
Employees	8,785
Employees change	-642
Employees growth	-6.81%
Enterprise value	CAD 3.8B
Exchange	Toronto Stock Exchange
Financial currency	CAD
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1867
Industry	Engineering & Construction
Is primary listing	Yes
ISIN number	CA00762V1094
Last earnings date	2026-07-30
Last refreshed	2026-10-28
Last stock split date	1993-12-08
Last stock split type	Reverse
Market cap	CAD 3.6B
Next earnings date	2026-10-29
Price	CAD 52.93
Price currency	CAD
Sector	Industrials
SIC code	1600
Stock price date	2026-10-28
Symbol	tsx/ARE
Website	https://www.aecon.com

Metric

Value

Amount currency

CAD

Country

Canada

Country code

Earnings date

2026-10-29

Employees

8,785

Employees change

-642

Employees growth

-6.81%

Enterprise value

CAD 3.8B

Exchange

Toronto Stock Exchange

Financial currency

CAD

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

1867

Industry

Engineering & Construction

Is primary listing

Yes

ISIN number

CA00762V1094

Last earnings date

2026-07-30

Last refreshed

2026-10-28

Last stock split date

1993-12-08

Last stock split type

Reverse

Market cap

CAD 3.6B

Next earnings date

2026-10-29

Price

CAD 52.93

Price currency

CAD

Sector

Industrials

SIC code

1600

Stock price date

2026-10-28

Symbol

tsx/ARE

Website

https://www.aecon.com

Metric	Value
Adjusted P/E ratio	45.24x
Average P/E ratio (10Y)	30.36x
Average P/E ratio (3Y)	67.46x
Average P/E ratio (5Y)	43.96x
Earnings yield	-1.92%
EV/EBIT	26.57x
EV/EBITDA	15.79x
EV/FCF	12.77x
EV/Sales	0.61x
FCF / EV yield	7.83%
FCF yield	8.25%
Forward P/E	28.01x
Industry forward P/E	16.9x
Industry P/E	31.15x
P/(FCF - SBC) ratio	13.5x
P/(OCF - SBC) ratio	10.15x
P/B ratio	3.56x
P/FCF ratio	12.12x
P/OCF ratio	9.35x
P/S ratio	0.58x
PEG ratio	2.15x
Price / tangible book value	5.34x
Price/EBITDA ratio	18.24x
Sector forward P/E	22.05x
Sector P/E	30.34x

Metric

Value

Adjusted P/E ratio

45.24x

Average P/E ratio (10Y)

30.36x

Average P/E ratio (3Y)

67.46x

Average P/E ratio (5Y)

43.96x

Earnings yield

-1.92%

EV/EBIT

26.57x

EV/EBITDA

15.79x

EV/FCF

12.77x

EV/Sales

0.61x

FCF / EV yield

7.83%

FCF yield

8.25%

Forward P/E

28.01x

Industry forward P/E

16.9x

Industry P/E

31.15x

P/(FCF - SBC) ratio

13.5x

P/(OCF - SBC) ratio

10.15x

P/B ratio

3.56x

P/FCF ratio

12.12x

P/OCF ratio

9.35x

P/S ratio

0.58x

PEG ratio

2.15x

Price / tangible book value

5.34x

Price/EBITDA ratio

18.24x

Sector forward P/E

22.05x

Sector P/E

30.34x

Metric	Value
EBIT margin	2.22%
EBITDA margin	3.17%
FCF margin	4.77%
Gross margin	8.9%
Operating margin	2.22%
Pretax margin	-0.59%
Profit margin	-1.1%
Profit per employee	CAD -7,431
Profitable years	1
Revenue per employee	CAD 678,367
ROA	2.11%
ROA (5Y)	0.26%
ROCE	8.95%
ROE	-6.95%
ROE (5Y)	4.13%
ROIC	11.24%
ROIC (5Y)	-0.22%
SBC / revenue	0.49%
Tax / revenue	0.5%

Metric

Value

EBIT margin

2.22%

EBITDA margin

3.17%

FCF margin

4.77%

Gross margin

8.9%

Operating margin

2.22%

Pretax margin

-0.59%

Profit margin

-1.1%

Profit per employee

CAD -7,431

Profitable years

Revenue per employee

CAD 678,367

ROA

2.11%

ROA (5Y)

0.26%

ROCE

8.95%

ROE

-6.95%

ROE (5Y)

4.13%

ROIC

11.24%

ROIC (5Y)

-0.22%

SBC / revenue

0.49%

Tax / revenue

0.5%

Metric	Value
EPS growth years	1
FCF growth (Q)	325.26%
FCF growth 5Y	4.34%
Gross profit growth	40.96%
Gross profit growth (Q)	101.01%
Gross profit growth 3Y	17.23%
Gross profit growth 5Y	8.92%
Net income growth years	1
OCF growth (Q)	270.95%
OCF growth 10Y	30.37%
OCF growth 5Y	7.04%
Operating income growth	155.55%
Operating income growth 3Y	34.92%
Operating income growth 5Y	9.26%
Revenue growth	21.48%
Revenue growth (Q)	25.31%
Revenue growth (QoQ)	29.75%
Revenue growth 10Y	6.16%
Revenue growth 3Y	7.02%
Revenue growth 5Y	9.18%
Revenue growth quarters	8
Revenue growth years	1

Metric

Value

EPS growth years

FCF growth (Q)

325.26%

FCF growth 5Y

4.34%

Gross profit growth

40.96%

Gross profit growth (Q)

101.01%

Gross profit growth 3Y

17.23%

Gross profit growth 5Y

8.92%

Net income growth years

OCF growth (Q)

270.95%

OCF growth 10Y

30.37%

OCF growth 5Y

7.04%

Operating income growth

155.55%

Operating income growth 3Y

34.92%

Operating income growth 5Y

9.26%

Revenue growth

21.48%

Revenue growth (Q)

25.31%

Revenue growth (QoQ)

29.75%

Revenue growth 10Y

6.16%

Revenue growth 3Y

7.02%

Revenue growth 5Y

9.18%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	CAD -84.1M
Depreciation and amortization	CAD 56.4M
EBIT	CAD 132.5M
EBITDA	CAD 188.9M
EPS	CAD -1.01
FCF per share	CAD 4.15
Financing cash flow	CAD -6.5M
Free cash flow	CAD 284.3M
Free cash flow minus SBC	CAD 255.2M
Gross profit	CAD 530.5M
Income taxes	CAD 29.6M
Investing cash flow	CAD -216.5M
Net borrowing	CAD -119.1M
Net cash flow	CAD 154.9M
Net income	CAD -65.3M
Operating cash flow minus SBC	CAD 339.3M
Operating income	CAD 132.5M
Revenue	CAD 6B
Stock-based compensation	CAD 29.1M

Metric

Value

Capital expenditures

CAD -84.1M

Depreciation and amortization

CAD 56.4M

EBIT

CAD 132.5M

EBITDA

CAD 188.9M

EPS

CAD -1.01

FCF per share

CAD 4.15

Financing cash flow

CAD -6.5M

Free cash flow

CAD 284.3M

Free cash flow minus SBC

CAD 255.2M

Gross profit

CAD 530.5M

Income taxes

CAD 29.6M

Investing cash flow

CAD -216.5M

Net borrowing

CAD -119.1M

Net cash flow

CAD 154.9M

Net income

CAD -65.3M

Operating cash flow minus SBC

CAD 339.3M

Operating income

CAD 132.5M

Revenue

CAD 6B

Stock-based compensation

CAD 29.1M

Metric	Value
Altman Z-Score	1.97
Book value per share	CAD 13.93
Debt / EBITDA	3.56
Debt / equity	0.83
Debt / FCF	2.83
Goodwill	CAD 216.8M
Interest coverage	2.22
Long-term assets	CAD 1.2B
Long-term liabilities	CAD 513.9M
Net cash (debt)	CAD -174.5M
Net cash / market cap	-5.06%
Net debt / EBITDA	0.92
Net debt / equity	0.18
Net debt / FCF	0.61
Piotroski F-Score	6
Property, plant and equipment	CAD 481.5M
Shareholders' equity	CAD 966.4M
Tangible book value	CAD 645.1M
Tangible book value per share	CAD 9.41
Total assets	CAD 4.4B
Total cash	CAD 629.6M
Total debt	CAD 804M
Total liabilities	CAD 3.4B
WACC	9.27%

Metric

Value

Altman Z-Score

1.97

Book value per share

CAD 13.93

Debt / EBITDA

3.56

Debt / equity

0.83

Debt / FCF

2.83

Goodwill

CAD 216.8M

Interest coverage

2.22

Long-term assets

CAD 1.2B

Long-term liabilities

CAD 513.9M

Net cash (debt)

CAD -174.5M

Net cash / market cap

-5.06%

Net debt / EBITDA

0.92

Net debt / equity

0.18

Net debt / FCF

0.61

Piotroski F-Score

Property, plant and equipment

CAD 481.5M

Shareholders' equity

CAD 966.4M

Tangible book value

CAD 645.1M

Tangible book value per share

CAD 9.41

Total assets

CAD 4.4B

Total cash

CAD 629.6M

Total debt

CAD 804M

Total liabilities

CAD 3.4B

WACC

9.27%

Metric	Value
Asset turnover	1.52
Current assets	CAD 3.2B
Current liabilities	CAD 2.9B
Current ratio	1.08
Inventory turnover	236.62
Net working capital	CAD -25.7M
Quick ratio	1.02
Working capital	CAD 235.7M
Working capital turnover	17.96

Metric

Value

Asset turnover

1.52

Current assets

CAD 3.2B

Current liabilities

CAD 2.9B

Current ratio

1.08

Inventory turnover

236.62

Net working capital

CAD -25.7M

Quick ratio

1.02

Working capital

CAD 235.7M

Working capital turnover

17.96

Metric	Value
Buyback yield / dilution	-3.47%
Dividend growth	0.99%
Dividend growth (10Y)	5.6%
Dividend growth (3Y)	1.22%
Dividend growth (5Y)	2.3%
Dividend growth years	0
Dividend payment date	2026-10-02
Dividend payment years	20
Dividend payout frequency	Quarterly
Dividend per share	CAD 0.77
Dividend yield	1.46%
Ex-dividend date	2026-09-22
FCF payout ratio	18.56%
Last dividend	CAD 0.19
Shareholder yield	-2%

Metric

Value

Buyback yield / dilution

-3.47%

Dividend growth

0.99%

Dividend growth (10Y)

5.6%

Dividend growth (3Y)

1.22%

Dividend growth (5Y)

2.3%

Dividend growth years

Dividend payment date

2026-10-02

Dividend payment years

Dividend payout frequency

Quarterly

Dividend per share

CAD 0.77

Dividend yield

1.46%

Ex-dividend date

2026-09-22

FCF payout ratio

18.56%

Last dividend

CAD 0.19

Shareholder yield

-2%

Metric	Value
10Y price change	207.76%
10Y return CAGR	16.35%
10Y total return	354.35%
150-day SMA	CAD 47.74
15Y price change	505.97%
15Y return CAGR	16.73%
15Y total return	917.78%
1D price change	5.29%
1M price change	0.88%
1M total return	0.88%
1W price change	6.2%
1W total return	6.2%
1Y price change	92.56%
1Y return CAGR	96.27%
1Y total return	96.18%
20-day SMA	CAD 52.51
200-day SMA	CAD 45.17
20Y price change	794.58%
20Y return CAGR	14.92%
20Y total return	1,514.45%
3M price change	4.95%
3M total return	5.35%
3Y price change	467.53%
3Y return CAGR	84.52%
3Y total return	528.54%
50-day SMA	CAD 48.94
50-day SMA vs 200-day SMA	50over200
52-week high	CAD 59.96
52-week high date	2026-10-02
52-week low	CAD 25.05
52-week low date	2025-11-21
5Y price change	163.51%
5Y return CAGR	26.86%
5Y total return	228.45%
6M price change	7.43%
6M total return	8.3%
All-time high	CAD 76.04
All-time high date	1989-08-16
All-time low	CAD 0.80
All-time low date	1994-03-09
Average true range (ATR)	CAD 2.28
Average volume	407.1K
Beta (1Y)	-0.12
Beta (2Y)	0.49
Beta (5Y)	1.06
Change from 52-week high	-11.72%
Change from 52-week low	111.3%
Change from all-time high	-30.59%
Change from all-time low	6,497.5%
Change from open	4.6%
Day's gap	0.66%
Dollar volume	CAD 16.2M
High price	CAD 53.02
Low price	CAD 50.32
Monthly RSI	72.53
Open price	CAD 50.60
Position in 52-week range	96.67%
Previous close	CAD 50.27
Price vs 150-day SMA	10.55%
Price vs 20-day SMA	0.52%
Price vs 200-day SMA	16.86%
Price vs 50-day SMA	7.86%
Relative volume	0.75
RSI	55.93
Sharpe ratio	1.62
Sharpe ratio (3Y)	1.47
Sharpe ratio (5Y)	0.69
Sortino ratio	2.77
Sortino ratio (3Y)	2.43
Sortino ratio (5Y)	1.13
Volume	306.9K
Weekly RSI	56.91
YTD price change	68.73%
YTD total return	70.89%

Metric

Value

10Y price change

207.76%

10Y return CAGR

16.35%

10Y total return

354.35%

150-day SMA

CAD 47.74

15Y price change

505.97%

15Y return CAGR

16.73%

15Y total return

917.78%

1D price change

5.29%

1M price change

0.88%

1M total return

0.88%

1W price change

6.2%

1W total return

6.2%

1Y price change

92.56%

1Y return CAGR

96.27%

1Y total return

96.18%

20-day SMA

CAD 52.51

200-day SMA

CAD 45.17

20Y price change

794.58%

20Y return CAGR

14.92%

20Y total return

1,514.45%

3M price change

4.95%

3M total return

5.35%

3Y price change

467.53%

3Y return CAGR

84.52%

3Y total return

528.54%

50-day SMA

CAD 48.94

50-day SMA vs 200-day SMA

50over200

52-week high

CAD 59.96

52-week high date

2026-10-02

52-week low

CAD 25.05

52-week low date

2025-11-21

5Y price change

163.51%

5Y return CAGR

26.86%

5Y total return

228.45%

6M price change

7.43%

6M total return

8.3%

All-time high

CAD 76.04

All-time high date

1989-08-16

All-time low

CAD 0.80

All-time low date

1994-03-09

Average true range (ATR)

CAD 2.28

Average volume

407.1K

Beta (1Y)

-0.12

Beta (2Y)

0.49

Beta (5Y)

1.06

Change from 52-week high

-11.72%

Change from 52-week low

111.3%

Change from all-time high

-30.59%

Change from all-time low

6,497.5%

Change from open

4.6%

Day's gap

0.66%

Dollar volume

CAD 16.2M

High price

CAD 53.02

Low price

CAD 50.32

Monthly RSI

72.53

Open price

CAD 50.60

Position in 52-week range

96.67%

Previous close

CAD 50.27

Price vs 150-day SMA

10.55%

Price vs 20-day SMA

0.52%

Price vs 200-day SMA

16.86%

Price vs 50-day SMA

7.86%

Relative volume

0.75

RSI

55.93

Sharpe ratio

1.62

Sharpe ratio (3Y)

1.47

Sharpe ratio (5Y)

0.69

Sortino ratio

2.77

Sortino ratio (3Y)

2.43

Sortino ratio (5Y)

1.13

Volume

306.9K

Weekly RSI

56.91

YTD price change

68.73%

YTD total return

70.89%

Metric	Value
Float	68.1M
Shares change (QoQ)	6.55%
Shares change (YoY)	3.47%
Shares held by insiders	0.56%
Shares held by institutions	30.25%
Shares outstanding	68.5M
Short % of float	5.01%
Short % of shares	4.98%

Metric

Value

Float

68.1M

Shares change (QoQ)

6.55%

Shares change (YoY)

3.47%

Shares held by insiders

0.56%

Shares held by institutions

30.25%

Shares outstanding

68.5M

Short % of float

5.01%

Short % of shares

4.98%

TSX/ARE (TSX/ARE)

Price

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