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Provides crude oil storage, terminalling, gathering and marketing services, centered on the Hardisty, Alberta hub.
Provides crude oil storage, terminalling, gathering and marketing services, centered on the Hardisty, Alberta hub.
Stable income comes from fees for storing and moving crude, mostly under long-term contracts, while a separate marketing arm earns a margin from buying, blending and reselling crude, which is more volatile. Hardisty, where many Canadian export pipelines connect, is where the storage business is strongest.
Moat: narrow (installed base, scale). Strategic storage/terminal position at Hardisty, a key Canadian crude oil hub, is hard to replicate.
Headquarters: Calgary, Canada · Founded: 1953
Size Gibson Energy (GEI.TO) is a Canada Industrials company (Wholesale Distributors) with a market value of $3.87B, the 139th largest of 420 Canada companies the cockpit tracks. Shares closed at C$31.44 on 6 Nov 2026.
Performance Over six months the shares gained 13.0%, against -5.4% for the median peer and +5.2% for the Canada market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 26.4% over the last twelve months (peer median +7.9%); the operating margin is 2.9% (peer median 6.5%).
Valuation It trades at 19.5× forward earnings against a peer median of 17.1× (8th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.4 points above its cost of capital (5.7% WACC).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$13.6B | C$10.7B | C$11.8B | C$11.0B | C$11.0B |
| Revenue growth | — | -9% | +7% | 0% | — |
| Gross profit | C$500M | C$427M | C$434M | C$464M | C$381M |
| EBITDA | C$579M | C$527M | C$527M | C$541M | C$461M |
| Net income | C$200M | C$198M | C$152M | C$214M | C$223M |
| Free cash flow | C$303M | C$207M | C$284M | C$377M | C$399M |
| Capital expenditure | C$85.8M | C$176M | C$175M | C$130M | C$140M |
| Total debt | C$3.04B | C$2.78B | C$2.65B | C$2.77B | C$1.72B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Gibson Energy GEI.TO | $3.87B | +13% | +26% | 3% | 19.5× | 6.4% |
| Pembina Pipeline PPL.TO | $28.3B | +11% | 0% | 31% | 22.2× | 10.7% |
| Keyera KEY.TO | $10.6B | 0% | 0% | 11% | 17.4× | n/a |
| Plains All American Pipeline, L.P PAA | $16.9B | +10% | +9% | 3% | 13.9× | 6.5% |
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 | GEI.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | 0.0% | -5.4% | 8th highest of 21 |
| 6-month return | +13.0% | -5.4% | 4th highest of 21 |
| Distance from 52-week high | -9.3% | -23.4% | 3rd highest of 21 |
| Revenue growth (TTM) | +26.4% | +7.9% | 6th highest of 21 |
| Operating margin | 2.9% | 6.5% | 3rd lowest of 21 |
| Forward P/E | 19.5× | 17.1× | 8th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 6.4% | 6.1% | 10th least demanding of 19 |
| Growth delivered (Del g) | +16.7% | +8.7% | highest of 18 |
| Hurdle (Req g minus delivered) | -10.3 pp | -1.9 pp | 5th least demanding of 18 |
| ROIC minus cost of capital | +1.4 pp | +0.8 pp | 9th highest of 21 |
| Net debt / EBITDA | 5.1× | 1.0× | most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Gibson Energy GEI.TO | Canada | $3.87B | +13% | +26% | 3% | 19.5× | 6.4% | +16.7% |
| Wuchan Zhongda 600704.SS | China | $3.86B | 0% | +3% | 1% | 7.2× | -2.5% | +8.1% |
| Farsoon Technologies 688433.SS | China | $3.76B | -24% | +52% | 5% | 234.8× | n/a | n/a |
| Rubis SCA RUI.PA | France | $4.10B | 0% | +11% | 7% | 10.3× | 3.1% | +10.9% |
| Macnica 3132.T | Japan | $3.23B | +8% | +35% | 4% | 11.8× | n/a | n/a |
| Groupe Dynamite GRGD.TO | Canada | $4.79B | -33% | +37% | 32% | 17.6× | 22.8% | n/a |
| RS Group PLC RS1.L | United Kingdom | $4.85B | +33% | -1% | 8% | 18.6× | 15.1% | +7.5% |
| SiteOne Landscape Supply SITE | United States | $4.86B | -7% | +3% | 5% | 24.4× | 18.4% | +11.7% |
| Russel Metals RUS.TO | Canada | $2.98B | +36% | +18% | 5% | 14.4× | 8.7% | +11.5% |
| Nagase & 8012.T | Japan | $2.96B | -9% | +8% | 5% | 10.9× | 3.5% | +3.2% |
| Inchcape INCH.L | United Kingdom | $2.87B | -21% | +7% | 6% | 7.5× | -6.0% | +5.9% |
| Hdhms 443060.KS | South Korea | $5.28B | -39% | +20% | 16% | 23.0× | 3.0% | +14.5% |
| Jiangsu Azure 002245.SZ | China | $2.82B | -21% | +27% | 12% | 14.6× | 11.8% | +13.8% |
| Marco Polo 001386.SZ | China | $2.80B | -15% | -12% | 21% | n/a | -7.2% | -5.5% |
| IWATANI 8088.T | Japan | $2.73B | -4% | +5% | 5% | 7.6× | 4.3% | +10.1% |
| Xinhua Winshare Publishing & Media 0811.HK | Hong Kong | $2.60B | -15% | +1% | 7% | 6.6× | -10.6% | +4.7% |
| Workman 7564.T | Japan | $2.57B | -31% | +21% | 19% | 17.1× | 4.6% | +8.7% |
| Bufab BUFAB.ST | Sweden | $2.55B | +16% | +8% | 13% | 29.2× | 18.7% | +11.2% |
| Boise Cascade BCC | United States | $2.44B | -1% | +1% | 3% | 24.1× | 7.7% | +3.2% |
| DNOW DNOW | United States | $2.40B | +2% | +70% | -3% | 23.6× | 9.8% | +11.7% |
| MSC Industrial Direct MSM | United States | $6.33B | +9% | +6% | 9% | 20.1× | 9.0% | +4.3% |