Also trades as: FM.TO (TSX) · $vol 74M

$27.63

+0.61 (+2.26%)

Weekly Expected Move ±10.1%

$22 $25 $28 $30 $33

OTC · Basic Materials · Copper · Tech Score Strong Sell · Power 33 · $22.9B mcap · 674M float · 0.043% daily turnover · Short 37% of daily vol

Revenue

$5.3B +11.0% ▲

5Y CAGR: +0.5%

Gross Profit

$1.4B +5.9% ▲

5Y CAGR: +5.8%

Operating Income

$1.1B +64.9% ▲

5Y CAGR: +2.0%

Net Income

-$28M -1524.5% ▼

EPS (Diluted)

$-0.03 -1468.0% ▼

EBITDA

$1.8B +14.3% ▲

5Y CAGR: -3.2%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$7.2B	$7.6B	$6.5B	$4.8B	$5.3B
YoY Growth	+38.7%	+5.7%	-15.3%	-25.6%	+11.0%
Cost of Revenue	$4.7B	$5.4B	$5.2B	$3.5B	$3.9B
Gross Profit	$2.6B	$2.2B	$1.3B	$1.4B	$1.4B
Gross Margin	35.5%	28.8%	20.0%	28.1%	26.8%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$118M	$136M	$145M	$148M	$166M
Operating Expenses	$156M	$160M	$1.2B	$540M	$366M
Operating Income	$2.6B	$2.2B	$78M	$810M	$1.1B
Operating Margin	36.0%	29.4%	1.2%	16.9%	20.5%
Interest Expense	$644M	$561M	$679M	$647M	$622M
Income Before Tax	$1.9B	$1.5B	-$486M	$280M	$464M
Tax Expense	$812M	$320M	$757M	$388M	$530M
Net Income	$832M	$1.0B	-$954M	$2M	-$28M
Net Margin	11.5%	13.6%	-14.8%	0.0%	-0.5%
EPS (Diluted)	$1.19	$1.43	$-1.38	$0.00	$-0.03
EBITDA	$3.7B	$3.2B	$1.3B	$1.6B	$1.8B
Shares Outstanding	692M	693M	691M	812M	832M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$1.3B	$1.3B	$1.2B	$1.2B	$1.3B	$1.5B	$1.4B	$1.5B
Cost of Revenue	$823M	$851M	$859M	$875M	$988M	$1.1B	$1.1B	$1.2B
Gross Profit	$456M	$405M	$331M	$351M	$343M	$416M	$278M	$297M
Gross Margin	35.7%	32.2%	27.8%	28.6%	25.8%	28.2%	19.8%	19.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$39M	$36M	$37M	$45M	$40M	$44M	$45M	$43M
Operating Expenses	$127M	$61M	$116M	$131M	$32M	$108M	$88M	$117M
Operating Income	$329M	$344M	$215M	$220M	$312M	$308M	$190M	$180M
Operating Margin	25.7%	27.4%	18.1%	17.9%	23.4%	20.9%	13.5%	11.8%
Interest Expense	$165M	$156M	$154M	$157M	$156M	$145M	$156M	$155M
Income Before Tax	$173M	$308M	$52M	$70M	$30M	$304M	-$78M	$250M
Tax Expense	$120M	$118M	$124M	$90M	$107M	$199M	$171M	$172M
Net Income	$108M	$99M	-$23M	$18M	-$47M	$25M	-$196M	$136M
Net Margin	8.4%	7.9%	-1.9%	1.5%	-3.6%	1.7%	-14.0%	8.9%
EPS (Diluted)	$0.13	$0.12	$-0.03	$0.02	$-0.06	$0.03	$-0.24	$0.16
EBITDA	$496M	$638M	$365M	$396M	$398M	$640M	$278M	$619M
Shares Outstanding	834M	812M	832M	834M	832M	833M	832M	834M

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