Employees: 6,100
Size Calian (CGY.TO) is a Canada Industrials company (Miscellaneous Commercial Services) with a market value of $699M, the 300th largest of 420 Canada companies the cockpit tracks. Shares closed at C$84.97 on 6 Nov 2026.
Performance Over six months the shares gained 22.3%, against -4.8% for the median peer and +5.2% for the Canada market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 15.7% over the last twelve months (peer median +12.1%); the operating margin is 5.7% (peer median 7.6%).
Valuation It trades at 18.7× forward earnings against a peer median of 14.4× (7th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.3 points above its cost of capital (7.3% WACC).
Next results Next results expected around 30 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$870M | C$774M | C$747M | C$659M | C$582M |
| Revenue growth | — | +4% | +13% | +13% | — |
| Gross profit | C$253M | C$213M | C$212M | C$176M | C$138M |
| EBITDA | C$95.0M | C$73.9M | C$85.5M | C$66.0M | C$65.9M |
| Net income | C$38.5M | C$20.6M | C$11.2M | C$18.9M | C$13.6M |
| Free cash flow | C$26.3M | C$34.8M | C$75.4M | C$48.4M | C$36.0M |
| Capital expenditure | C$11.7M | C$10.6M | C$11.8M | C$8.44M | C$7.33M |
| Total debt | C$185M | C$174M | C$129M | C$74.8M | C$26.5M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CGY.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.7% | -1.9% | 7th highest of 21 |
| 6-month return | +22.3% | -4.8% | 4th highest of 21 |
| Distance from 52-week high | -11.0% | -37.9% | 4th highest of 21 |
| Revenue growth (TTM) | +15.7% | +12.1% | 10th highest of 21 |
| Operating margin | 5.7% | 7.6% | 10th lowest of 21 |
| Forward P/E | 18.7× | 14.4× | 7th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 13.4% | 9.9% | 6th most demanding of 13 |
| Growth delivered (Del g) | +12.4% | +14.4% | 6th lowest of 13 |
| Hurdle (Req g minus delivered) | +1.1 pp | -5.5 pp | 4th most demanding of 13 |
| ROIC minus cost of capital | +0.3 pp | -2.6 pp | 6th highest of 21 |
| EV / EBITDA | 11.8× | 6.8× | 3rd most expensive of 11 |
| Net debt / EBITDA | 1.5× | 1.4× | 6th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Calian CGY.TO | Canada | $699M | +22% | +16% | 6% | 18.7× | 13.4% | +12.4% |
| Ningbo Sinyuan ZM Technology 301398.SZ | China | $700M | -5% | +42% | -18% | n/a | n/a | n/a |
| Danyang Syngen Intelligent Technology 603007.SS | China | $702M | -25% | +929% | -34% | n/a | n/a | n/a |
| Bengo4.com 6027.T | Japan | $695M | +94% | +19% | 14% | 51.8× | 18.7% | +25.1% |
| Johnson Service JSG.L | United Kingdom | $704M | +10% | +2% | 11% | 11.0× | 8.3% | +18.4% |
| Science Environmental Protection 688480.SS | China | $694M | -51% | +37% | 10% | 29.7× | 28.2% | +28.2% |
| Duolun Technology 603528.SS | China | $706M | -13% | -6% | -30% | 31.9× | n/a | n/a |
| Aubay AUB.PA | France | $707M | -5% | +27% | 9% | 12.9× | 2.5% | +7.1% |
| IPH IPH.AX | Australia | $709M | +13% | +1% | 18% | 9.5× | -7.3% | +14.6% |
| Grand Sunergy Tech 603778.SS | China | $686M | -73% | -54% | -98% | n/a | n/a | n/a |
| Suzhou Delphi Laser 688170.SS | China | $717M | -23% | +20% | 1% | 78.7× | n/a | n/a |
| China Education 0839.HK | Hong Kong | $680M | -4% | +9% | 32% | 3.0× | n/a | n/a |
| NCS Testing Technology 300797.SZ | China | $678M | -26% | +15% | 7% | 25.1× | 22.3% | +15.0% |
| Funai Soken 9757.T | Japan | $721M | +5% | +6% | 26% | 16.0× | -8.3% | +5.9% |
| RWS RWS.L | United Kingdom | $677M | +46% | -1% | 4% | 10.3× | 11.5% | +14.2% |
| Wuxi Jinyang Precision Manufacturing 301210.SZ | China | $729M | +8% | +57% | 6% | 40.6× | n/a | n/a |
| Worldline WLN.PA | France | $732M | +9% | -18% | 2% | 5.4× | 17.6% | +10.4% |
| Hangzhou MDK Opto Electronic 688079.SS | China | $666M | -28% | +30% | -26% | n/a | n/a | n/a |
| Guangzhou Doppler Electronic Technologies 301528.SZ | China | $663M | -5% | +35% | 22% | n/a | 42.2% | +11.8% |
| Credit CCP.AX | Australia | $738M | +37% | +7% | 26% | 9.5× | 2.1% | +11.1% |
| China Machinery Huanyu Certification & Inspection 301508.SZ | China | $738M | -20% | +10% | 21% | n/a | 6.8% | +15.4% |