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Canadian space technology company building satellite systems, robotics (Canadarm heritage) and Earth-observation/geointelligence products.
Canadian space technology company building satellite systems, robotics (Canadarm heritage) and Earth-observation/geointelligence products.
Earns from multi-year government and commercial contracts to build satellites, robotic arms and ground equipment, booking revenue as work progresses, so a few large programmes carry results. Building the Telesat Lightspeed satellite network and the Canadarm3 robotic arm for the planned lunar Gateway station are its largest awards. Maxar sold it in 2020, and it listed in 2021.
In one line: Canada's Maxar Technologies.
Moat: narrow (IP / patents, regulatory licence, process know-how). Decades of space robotics/satellite heritage and government security clearances create high barriers to entry.
Headquarters: Brampton, Canada · Founded: 1969 · Employees: 4,000
Size MDA Space (MDA.TO) is a Canada Information Technology company (Electronic Production Equipment) with a market value of $4.65B, the 129th largest of 420 Canada companies the cockpit tracks. Shares closed at C$40.16 on 6 Nov 2026.
Performance Over six months the shares fell 13.9%, against -19.7% for the median peer and +5.2% for the Canada market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 38.3% over the last twelve months (peer median +20.3%); the operating margin is 5.5% (peer median 8.2%).
Valuation It trades at 28.1× forward earnings against a peer median of 20.8× (7th most expensive of 19).
Capital Return on invested capital runs 1.1 points below its cost of capital (5.1% WACC).
Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$1.87B | C$1.63B | C$1.08B | C$808M | C$641M |
| Revenue growth | — | +51% | +34% | +26% | — |
| Gross profit | C$352M | C$325M | C$235M | C$198M | C$176M |
| EBITDA | C$287M | C$254M | C$156M | C$123M | C$96.3M |
| Net income | C$106M | C$108M | C$79.4M | C$48.8M | C$26.3M |
| Free cash flow | -C$153M | C$232M | C$672M | -C$134M | -C$80.8M |
| Capital expenditure | C$296M | C$275M | C$205M | C$193M | C$180M |
| Total debt | C$378M | C$411M | C$137M | C$525M | C$252M |
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 |
|---|---|---|---|---|---|---|
| MDA Space MDA.TO | $4.65B | -14% | +38% | 5% | 28.1× | n/a |
| Airbus AIR.PA | $174B | +14% | +6% | 8% | 26.8× | 22.6% |
| Rocket Lab RKLB | $31.8B | -50% | +53% | -29% | n/a | n/a |
| Planet Labs PBC PL | $4.57B | -68% | +44% | -26% | n/a | n/a |
| Redwire RDW | $1.80B | -35% | +63% | -41% | n/a | n/a |
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 | MDA.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.9% | -21.4% | 5th highest of 21 |
| 6-month return | -13.9% | -19.7% | 10th highest of 21 |
| Distance from 52-week high | -40.9% | -46.8% | 9th highest of 21 |
| Revenue growth (TTM) | +38.3% | +20.3% | 5th highest of 21 |
| Operating margin | 5.5% | 8.2% | 9th lowest of 21 |
| Forward P/E | 28.1× | 20.8× | 7th most expensive of 19 |
| ROIC minus cost of capital | -1.1 pp | +0.9 pp | 8th lowest of 21 |
| EV / EBITDA | 22.6× | 13.2× | 2nd most expensive of 8 |
| Net debt / EBITDA | -0.1× | -0.6× | 4th most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MDA Space MDA.TO | Canada | $4.65B | -14% | +38% | 5% | 28.1× | n/a | n/a |
| LG Innotek 011070.KS | South Korea | $4.62B | -54% | +20% | 4% | 9.6× | -0.3% | +18.1% |
| Quectel Wireless Solutions 603236.SS | China | $4.71B | +50% | +30% | 5% | 21.1× | n/a | n/a |
| Lagercrantz LAGR-B.ST | Sweden | $4.72B | -6% | +17% | 15% | 30.8× | 20.6% | +21.0% |
| Shenzhen Sunlord Electronics 002138.SZ | China | $4.55B | +11% | +20% | 16% | 24.4× | 14.5% | +14.2% |
| JoulWatt Technology 688141.SS | China | $4.44B | -30% | +50% | -28% | n/a | n/a | n/a |
| Asmpt 0522.HK | Hong Kong | $5.02B | -47% | +21% | 9% | 20.4× | 12.1% | -1.3% |
| Plexus PLXS | United States | $5.12B | -28% | +23% | 5% | 17.9× | n/a | n/a |
| 3Peak 688536.SS | China | $5.26B | -5% | +74% | 16% | 50.7× | 46.0% | +30.6% |
| Guangdong Fenghua Advanced Technology (Holding) 000636.SZ | China | $5.42B | +26% | +36% | 8% | 45.0× | 28.6% | +5.9% |
| Universal Display OLED | United States | $3.98B | -4% | -2% | 35% | 19.6× | 14.3% | +8.7% |
| AAC Technologies 2018.HK | Hong Kong | $5.60B | -4% | +16% | 8% | 13.8× | 1.2% | +12.4% |
| Guobo Electronics 688375.SS | China | $5.61B | -49% | -12% | 13% | 83.0× | 39.7% | +1.4% |
| Jones Tech 300684.SZ | China | $3.83B | +20% | +15% | 20% | 45.3× | 42.9% | +9.8% |
| Changsha Jingjia Microelectronics 300474.SZ | China | $3.59B | -30% | +50% | -77% | n/a | n/a | n/a |
| Vishay Intertechnology VSH | United States | $3.57B | -32% | +18% | 5% | 13.2× | 18.8% | +4.2% |
| BYD Electronic 0285.HK | Hong Kong | $6.15B | -24% | +4% | 1% | 19.5× | -0.8% | +18.8% |
| Fositek 6805.TW | Taiwan | $3.50B | -15% | +46% | 27% | 20.0× | 14.7% | +41.1% |
| Universal Scientific Industrial (Shanghai) 601231.SS | China | $6.50B | -52% | +4% | 3% | 19.6× | n/a | n/a |
| Olympic Circuit Technology 603920.SS | China | $3.29B | -42% | +21% | 6% | 30.1× | n/a | n/a |
| Guangdong Create Century Intelligent Equipment 300083.SZ | China | $3.13B | +7% | +35% | 11% | 24.4× | n/a | n/a |