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Canadian supermarket and pharmacy retailer operating Metro/Super C grocery stores and Jean Coutu/Brunet pharmacies, mainly in Quebec and Ontario.
Canadian supermarket and pharmacy retailer operating Metro/Super C grocery stores and Jean Coutu/Brunet pharmacies, mainly in Quebec and Ontario.
Earns the margin between what it pays suppliers and shelf prices, thin in groceries and better in pharmacy. Many of its stores, notably Jean Coutu pharmacies, are franchised, so Metro earns on supplying and servicing them as well as on stores it owns.
In one line: A regional Canadian Kroger-Walgreens hybrid.
Moat: narrow (scale, brand, distribution). Regional density and strong Quebec pharmacy brand (Jean Coutu) provide local scale advantages.
Headquarters: Montreal, Canada · Founded: 1947 · Employees: 99,564
Size Metro (MRU.TO) is a Canada Consumer Staples company (Food Retail) with a market value of $14.6B, the 57th largest of 420 Canada companies the cockpit tracks. Shares closed at C$98.61 on 6 Nov 2026.
Performance Over six months the shares gained 11.0%, against +9.1% for the median peer and +5.2% for the Canada market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 2.9% over the last twelve months (peer median +3.2%); the operating margin is 6.2% (peer median 4.2%).
Valuation It trades at 19.4× forward earnings against a peer median of 17.4× (8th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.6 points above its cost of capital (5.1% WACC).
Credit Metro has 1 bond outstanding ($283M), rated BBB by the agencies and trading like A- at a weighted spread of 118 bp.
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$22.5B | C$22.0B | C$21.2B | C$20.7B | C$18.9B |
| Revenue growth | — | +4% | +2% | +10% | — |
| Gross profit | C$3.78B | C$3.78B | C$3.61B | C$3.56B | C$3.28B |
| EBITDA | C$2.02B | C$2.06B | C$1.98B | C$1.97B | C$1.82B |
| Net income | C$899M | C$1.02B | C$929M | C$1.01B | C$846M |
| Free cash flow | C$1.07B | C$1.16B | C$1.06B | C$868M | C$848M |
| Capital expenditure | C$525M | C$524M | C$580M | C$680M | C$631M |
| Total debt | C$4.95B | C$4.60B | C$4.31B | C$4.32B | C$4.12B |
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 |
|---|---|---|---|---|---|---|
| Metro MRU.TO | $14.6B | +11% | +3% | 6% | 19.4× | -0.7% |
| Loblaw Companies L.TO | $57.0B | +16% | +4% | 7% | 26.1× | -1.0% |
| Empire EMP-A.TO | $7.85B | +7% | +2% | 4% | 13.6× | -2.7% |
| Costco COST | $467B | +4% | +10% | 4% | 46.2× | 19.9% |
| Walmart WMT | $996B | -4% | +6% | 4% | 41.8× | 14.7% |
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 | MRU.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.2% | +6.6% | 6th highest of 21 |
| 6-month return | +11.0% | +9.1% | 11th highest of 21 |
| Distance from 52-week high | -2.7% | -9.0% | 4th highest of 21 |
| Revenue growth (TTM) | +2.9% | +3.2% | 11th highest of 21 |
| Operating margin | 6.2% | 4.2% | 5th highest of 21 |
| Forward P/E | 19.4× | 17.4× | 8th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | -0.7% | 3.3% | 8th least demanding of 21 |
| Growth delivered (Del g) | +4.1% | +5.0% | 9th lowest of 21 |
| Hurdle (Req g minus delivered) | -4.8 pp | -7.0 pp | 9th most demanding of 21 |
| ROIC minus cost of capital | +3.6 pp | +3.2 pp | 10th highest of 20 |
| EV / EBITDA | 12.6× | 8.4× | 2nd most expensive of 20 |
| Net debt / EBITDA | 2.4× | 2.3× | 9th most indebted of 21 |
| Bond spread | 118 bp | 103 bp | 2nd widest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Metro MRU.TO | Canada | $14.6B | +11% | +3% | 6% | 19.4× | -0.7% | +4.1% |
| Uni-president Enterprises 1216.TW | Taiwan | $13.2B | +11% | +1% | 5% | 17.6× | 0.6% | +8.5% |
| Kesko KESKOA.HE | Finland | $11.3B | +23% | +6% | 5% | 20.6× | 4.8% | +3.2% |
| BBB Foods TBBB | United States | $10.8B | +72% | +52% | 1% | n/a | 49.9% | +37.1% |
| J Sainsbury SBRY.L | United Kingdom | $10.4B | +16% | -3% | 3% | 14.9× | 7.8% | +3.0% |
| Coles COL.AX | Australia | $21.0B | +7% | +3% | 4% | 24.4× | 5.5% | +3.3% |
| Dino Polska DNP.WA | Poland | $9.36B | +31% | +14% | 6% | 22.2× | 17.9% | +27.1% |
| MIXUE 2097.HK | Hong Kong | $8.80B | -37% | +35% | 20% | 11.5× | -18.5% | +32.1% |
| Zabka ZAB.WA | Poland | $8.11B | +41% | +14% | 8% | 25.3× | 6.3% | +19.3% |
| Empire EMP-A.TO | Canada | $7.85B | +7% | +2% | 4% | 13.6× | -2.7% | +2.5% |
| George Weston WN.TO | Canada | $29.0B | +15% | +4% | 9% | 21.0× | -7.3% | +3.9% |
| Guming 1364.HK | Hong Kong | $7.08B | -4% | +47% | 25% | 14.8× | -4.1% | +29.4% |
| Seven & I 3382.T | Japan | $31.7B | +16% | -11% | 4% | 17.4× | 4.0% | +12.6% |
| President Chain Store 2912.TW | Taiwan | $6.62B | -6% | +5% | 4% | 17.0× | 3.3% | +6.3% |
| Koninklijke Ahold Delhaize AD.AS | Netherlands | $33.3B | -6% | 0% | 4% | 12.7× | -7.0% | +4.3% |
| Axfood AXFO.ST | Sweden | $6.26B | +4% | +2% | 3% | 24.3× | 3.2% | +10.7% |
| Albertsons Companies ACI | United States | $6.02B | -20% | +2% | 2% | 7.0× | -3.0% | +3.6% |
| Woolworths WOW.AX | Australia | $35.8B | +29% | +4% | 4% | 28.8× | 8.8% | +5.1% |
| Kroger KR | United States | $40.0B | +4% | +2% | 3% | 13.1× | -6.0% | +2.2% |
| DFI Retail D01.SI | Singapore | $5.06B | -11% | -3% | 4% | 13.2× | -0.4% | -2.9% |
| Tesco TSCO.L | United Kingdom | $46.2B | +21% | +5% | 4% | 17.5× | 5.9% | +5.0% |
Metro has 1 bond outstanding with $283M face value. The agencies rate it BBB; its bonds trade like A-. Weighted yield 4.76%, a spread of 118 bp over government bonds.