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Canadian aerospace manufacturer producing engine and structural components for commercial, military and space aircraft programs.
Canadian aerospace manufacturer producing engine and structural components for commercial, military and space aircraft programs.
Wins long-term supply agreements for specific aircraft and engine programs, then earns on each part it makes for the life of the program, with repair and overhaul adding aftermarket work. Aircraft build rates at Boeing and Airbus therefore matter, as do engine program schedules.
In one line: An aerospace parts supplier like a smaller Howmet Aerospace.
Moat: narrow (customer qualification, IP / patents). Long-term qualified-supplier positions on aircraft/engine programs are costly and slow for OEMs to re-source.
Headquarters: Mississauga, Canada · Founded: 1930 · Employees: 3,973
Size Magellan Aerospace (MAL.TO) is a Canada Industrials company (Aerospace & Defense) with a market value of $1.29B, the 220th largest of 420 Canada companies the cockpit tracks. Shares closed at C$31.59 on 6 Nov 2026.
Performance Over six months the shares gained 17.3%, against -17.5% for the median peer and +5.2% for the Canada market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 15.4% over the last twelve months (peer median +20.3%); the operating margin is 8.6% (peer median 2.1%).
Valuation It trades at 23.8× forward earnings against a peer median of 38.2× (6th cheapest of 14).
Capital Return on invested capital runs 2.3 points above its cost of capital (5.4% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$1.12B | C$1.04B | C$942M | C$880M | C$765M |
| Revenue growth | — | +11% | +7% | +15% | — |
| Gross profit | C$166M | C$141M | C$104M | C$85.7M | C$35.1M |
| EBITDA | C$145M | C$127M | C$95.7M | C$78.3M | C$33.8M |
| Net income | C$59.6M | C$39.4M | C$35.5M | C$9.25M | -C$21.7M |
| Free cash flow | -C$23.2M | C$27.6M | C$63.2M | -C$36.5M | C$35.0M |
| Capital expenditure | C$62.4M | C$55.1M | C$36.1M | C$24.3M | C$24.5M |
| Total debt | C$96.7M | C$88.6M | C$86.4M | C$80.7M | C$62.0M |
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 |
|---|---|---|---|---|---|---|
| Magellan Aerospace MAL.TO | $1.29B | +17% | +15% | 9% | 23.8× | n/a |
| Howmet Aerospace HWM | $81.8B | -24% | +22% | 28% | 32.6× | 24.1% |
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 | MAL.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.2% | -4.4% | 9th highest of 21 |
| 6-month return | +17.3% | -17.5% | 2nd highest of 20 |
| Distance from 52-week high | -30.9% | -36.7% | 5th highest of 21 |
| Revenue growth (TTM) | +15.4% | +20.3% | 10th lowest of 21 |
| Operating margin | 8.6% | 2.1% | 7th highest of 21 |
| Forward P/E | 23.8× | 38.2× | 6th cheapest of 14 |
| ROIC minus cost of capital | +2.3 pp | -6.6 pp | 3rd highest of 21 |
| EV / EBITDA | 12.9× | 17.8× | 2nd cheapest of 7 |
| Net debt / EBITDA | 0.4× | -0.1× | 5th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Magellan Aerospace MAL.TO | Canada | $1.29B | +17% | +15% | 9% | 23.8× | n/a | n/a |
| AEVEX AVEX | United States | $1.29B | -59% | +143% | 11% | 19.6× | n/a | n/a |
| North Electro-Optic 600184.SS | China | $1.26B | -34% | +23% | 0% | n/a | n/a | n/a |
| H&k MLHK.PA | France | $1.25B | -10% | +36% | 18% | n/a | -4.2% | +7.4% |
| Hefei Jianghang Aircraft Equipment 688586.SS | China | $1.38B | -11% | -4% | 2% | 27.1× | 49.7% | +2.6% |
| Beijing LeiKe Defense Technology 002413.SZ | China | $1.39B | -46% | -5% | -6% | n/a | n/a | n/a |
| Cadre CDRE | United States | $1.40B | +9% | +20% | 11% | 22.5× | 16.9% | +8.6% |
| Sichuan 6912 Communication Technology 301592.SZ | China | $1.18B | -14% | -3% | 9% | n/a | n/a | n/a |
| Beijing Highlander Digital Technology 300065.SZ | China | $1.44B | -48% | -32% | -1% | 78.8× | n/a | n/a |
| CIMC Safeway Technologies 301559.SZ | China | $1.14B | -24% | +13% | 4% | 54.6× | n/a | n/a |
| Aerospace Industrial Development 2634.TW | Taiwan | $1.46B | +3% | +3% | 6% | 19.5× | 4.1% | +11.0% |
| Beijing Beimo High-tech Frictional Material 002985.SZ | China | $1.46B | -17% | +36% | 28% | 38.2× | n/a | n/a |
| Xi'an Triangle Defense 300775.SZ | China | $1.50B | -39% | -29% | 2% | 17.6× | 31.7% | +21.0% |
| Shaanxi Zhongtian Rocket Technology 003009.SZ | China | $1.10B | -26% | +42% | -6% | n/a | n/a | n/a |
| Electro Optic Systems EOS.AX | Australia | $1.08B | -18% | +225% | -7% | 43.9× | n/a | n/a |
| Guanglian Aviation Industry 300900.SZ | China | $1.07B | -51% | +1% | -10% | 57.5× | n/a | n/a |
| Aequs AEQUS.NS | India | $1.56B | +8% | +33% | -7% | n/a | n/a | n/a |
| Paras Defence & Space Technologies PARAS.NS | India | $1.06B | +43% | +42% | 23% | 85.7× | n/a | n/a |
| Avio AVIO.MI | Italy | $1.60B | -2% | +14% | 1% | 89.7× | 26.1% | +10.6% |
| National Presto Industries NPK | United States | $1.02B | 0% | +21% | 9% | n/a | 8.3% | +7.4% |
| Applied Aerospace & Defense AADX | United States | $1.67B | n/a | +35% | -10% | 23.4× | n/a | n/a |