Also trades as: MRETF (OTC) · $vol 0M

C$10.00 ($7.02)

-0.09 (-0.89%)

Weekly Expected Move ±3.3%

C$9 C$10 C$10 C$10 C$11

TSX · Consumer Cyclical · Auto - Parts · Tech Score Sell · Power 39 · C$708.9M mcap · 69M float · 0.103% daily turnover

Revenue

$4.8B -3.8% ▼

5Y CAGR: +7.4%

Gross Profit

$624M -3.8% ▼

5Y CAGR: +8.5%

Operating Income

$270M +116.4% ▲

5Y CAGR: +17.5%

Net Income

$107M +409.7% ▲

EPS (Diluted)

$1.47 +419.6% ▲

EBITDA

$583M +22.6% ▲

5Y CAGR: +17.2%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$3.8B	$4.8B	$5.3B	$5.0B	$4.8B
YoY Growth	+12.1%	+25.7%	+12.2%	-6.1%	-3.8%
Cost of Revenue	$3.4B	$4.2B	$4.7B	$4.4B	$4.2B
Gross Profit	$346M	$559M	$675M	$649M	$624M
Gross Margin	9.1%	11.8%	12.6%	12.9%	12.9%
R&D Expenses	$33M	$37M	$28M	$42M	$34M
SG&A Expenses	$228M	$276M	$323M	$322M	$320M
Operating Expenses	$276M	$329M	$406M	$524M	$354M
Operating Income	$63M	$218M	$269M	$125M	$270M
Operating Margin	1.7%	4.6%	5.0%	2.5%	5.6%
Interest Expense	$33M	$52M	$80M	$76M	$64M
Income Before Tax	$47M	$174M	$197M	$53M	$122M
Tax Expense	$11M	$41M	$43M	$87M	$15M
Net Income	$36M	$133M	$154M	-$35M	$107M
Net Margin	0.9%	2.8%	2.9%	-0.7%	2.2%
EPS (Diluted)	$0.45	$1.65	$1.93	$-0.46	$1.47
EBITDA	$328M	$517M	$598M	$475M	$583M
Shares Outstanding	80M	80M	80M	76M	73M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$1.2B	$1.2B	$1.2B	$1.3B	$1.2B	$1.2B	$1.1B	$1.2B
Cost of Revenue	$1.1B	$1.0B	$1.0B	$1.1B	$1.0B	$1.1B	$976M	$1.0B
Gross Profit	$163M	$129M	$152M	$185M	$170M	$135M	$149M	$169M
Gross Margin	13.2%	11.2%	13.0%	14.5%	14.3%	11.4%	13.3%	14.1%
R&D Expenses	$14M	$7M	$11M	$11M	$11M	$6M	$11M	$12M
SG&A Expenses	$82M	$74M	$75M	$83M	$90M	$72M	$72M	$83M
Operating Expenses	$97M	$219M	$106M	$112M	$107M	$79M	$88M	$98M
Operating Income	$66M	-$90M	$45M	$72M	$62M	$56M	$62M	$71M
Operating Margin	5.3%	-7.9%	3.9%	5.7%	5.2%	4.7%	5.5%	5.9%
Interest Expense	$19M	$18M	$17M	$17M	$16M	$15M	$14M	$14M
Income Before Tax	$47M	-$110M	$25M	$53M	$46M	-$2M	$40M	$54M
Tax Expense	$33M	$23M	$8M	$15M	$10M	-$18M	$12M	$11M
Net Income	$14M	-$133M	$17M	$38M	$36M	$16M	$28M	$43M
Net Margin	1.1%	-11.6%	1.5%	3.0%	3.0%	1.3%	2.5%	3.6%
EPS (Diluted)	$0.19	$-1.82	$0.24	$0.52	$0.49	$0.22	$0.39	$0.61
EBITDA	$155M	-$826K	$121M	$149M	$137M	$136M	$130M	$144M
Shares Outstanding	75M	73M	73M	73M	73M	71M	72M	70M

MRE.TO TSX