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Employees: 940
Size Pason Systems (PSI.TO) is a Canada Information Technology company (Data Processing Services) with a market value of $742M, the 289th largest of 420 Canada companies the cockpit tracks. Shares closed at C$13.39 on 6 Nov 2026.
Performance Over six months the shares fell 9.9%, against -27.9% for the median peer and +5.2% for the Canada market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue fell 2.4% over the last twelve months (peer median +8.8%); the operating margin is 18.4% (peer median 6.8%).
Valuation It trades at 12.4× forward earnings against a peer median of 19.1× (4th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.6 points above its cost of capital (7.2% WACC).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$413M | C$419M | C$414M | C$369M | C$335M |
| Revenue growth | — | +1% | +12% | +10% | — |
| Gross profit | C$181M | C$188M | C$201M | C$204M | C$192M |
| EBITDA | C$139M | C$143M | C$150M | C$161M | C$145M |
| Net income | C$47.6M | C$53.2M | C$122M | C$97.5M | C$108M |
| Free cash flow | C$50.1M | C$65.9M | C$56.7M | C$95.2M | C$70.4M |
| Capital expenditure | C$54.1M | C$57.2M | C$71.9M | C$40.9M | C$34.5M |
| Total debt | C$27.5M | C$27.5M | C$15.4M | C$13.0M | C$5.53M |
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 | PSI.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.9% | -19.7% | 8th highest of 21 |
| 6-month return | -9.9% | -27.9% | 6th highest of 21 |
| Distance from 52-week high | -13.4% | -45.5% | highest of 21 |
| Revenue growth (TTM) | -2.4% | +8.8% | 4th lowest of 21 |
| Operating margin | 18.4% | 6.8% | 2nd highest of 21 |
| Forward P/E | 12.4× | 19.1× | 4th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 1.5% | 11.9% | 2nd least demanding of 12 |
| Growth delivered (Del g) | +21.8% | +16.9% | 6th highest of 12 |
| Hurdle (Req g minus delivered) | -20.2 pp | -1.9 pp | 4th least demanding of 12 |
| ROIC minus cost of capital | +5.6 pp | -4.4 pp | 5th highest of 20 |
| EV / EBITDA | 7.1× | 11.1× | 2nd cheapest of 10 |
| Net debt / EBITDA | -0.3× | 2.5× | 2nd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Pason Systems PSI.TO | Canada | $742M | -10% | -2% | 18% | 12.4× | 1.5% | +21.8% |
| Yext YEXT | United States | $749M | +88% | -1% | 10% | 10.0× | 9.6% | +4.7% |
| SharonAI SHAZ | United States | $781M | -59% | +257% | -894% | n/a | n/a | n/a |
| Ucap Cloud Information Technology 688228.SS | China | $786M | -26% | -39% | -14% | n/a | 39.9% | +6.8% |
| SAKURA Internet 3778.T | Japan | $688M | -13% | +26% | 8% | 35.7× | n/a | n/a |
| Rackspace Technology RXT | United States | $645M | -54% | 0% | -2% | n/a | 35.0% | -0.2% |
| WIIT WIIT.MI | Italy | $638M | -34% | -2% | 16% | 30.0× | 23.9% | +25.8% |
| Qingmu Tec 301110.SZ | China | $637M | -32% | +5% | 9% | 26.8× | 11.9% | +16.9% |
| Beijing Topnew Info & Tech 300895.SZ | China | $938M | -27% | +1% | -25% | n/a | 54.6% | -3.4% |
| Beijing Xunzhong Communication Technology 2597.HK | Hong Kong | $586M | +7% | -1% | 10% | n/a | n/a | n/a |
| BitGo BTGO | United States | $571M | -61% | +424% | -1% | n/a | n/a | n/a |
| BLS International Services BLS.NS | India | $973M | -23% | +29% | 23% | 10.7× | 9.7% | +44.4% |
| VNET Group, Inc. Sponsored ADR VNET | United States | $1.00B | -64% | +23% | 7% | 89.6× | n/a | n/a |
| Liberty Capital GLIBA | United States | $1.06B | -2% | +13% | 13% | 8.0× | 0.8% | +113.1% |
| Happiest Minds Technologies HAPPSTMNDS.NS | India | $506M | -19% | +12% | 15% | 16.1× | 11.4% | +24.5% |
| Beijing Huaru Technology 301302.SZ | China | $506M | -10% | +52% | -38% | 33.2× | n/a | n/a |
| Leon Technology 300603.SZ | China | $501M | -29% | -19% | -22% | n/a | n/a | n/a |
| HIVE Digital Technologies HIVE.TO | Canada | $491M | -36% | +155% | -44% | n/a | n/a | n/a |
| Keel Infrastructure KEEL | United States | $1.15B | -53% | -23% | -121% | n/a | n/a | n/a |
| Rendong 002647.SZ | China | $1.20B | -43% | +6% | 6% | 19.1× | 42.3% | -17.2% |
| ASrock Rack 7711.TW | Taiwan | $1.23B | +35% | +183% | 10% | 15.3× | 7.5% | +42.1% |