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Quebec-based media and telecom company owning Videotron cable/wireless/internet services and the TVA television network.
Quebec-based media and telecom company owning Videotron cable/wireless/internet services and the TVA television network.
Same company as the Class A shares, but these Class B shares carry a smaller vote; the Peladeau family controls the voting Class A shares. Subscribers pay monthly for mobile, internet and TV through Videotron, which dominates Quebec, and the 2023 purchase of Freedom Mobile took it into Ontario, Alberta and British Columbia.
In one line: A regional Canadian Comcast/Charter hybrid, focused on Quebec.
Moat: narrow (brand, installed base, regulatory licence). Dominant cable/telecom infrastructure and media brand within Quebec's French-language market.
Headquarters: Montreal, Canada · Founded: 1965 · Employees: 10,397
Size Quebecor (QBR-B.TO) is a Canada Communication Services company (Major Telecommunications) with a market value of $12.3B, the 67th largest of 420 Canada companies the cockpit tracks. Shares closed at C$77.07 on 6 Nov 2026.
Performance Over six months the shares gained 36.1%, against -8.8% for the median peer and +5.2% for the Canada market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 3.1% over the last twelve months (peer median +1.7%); the operating margin is 27.4% (peer median 9.4%).
Valuation It trades at 16.8× forward earnings against a peer median of 15.5× (9th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.2 points above its cost of capital (6.2% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$5.79B | C$5.68B | C$5.64B | C$5.43B | C$4.53B |
| Revenue growth | — | +1% | +4% | +20% | — |
| Gross profit | C$1.59B | C$1.54B | C$1.42B | C$1.33B | C$1.17B |
| EBITDA | C$2.44B | C$2.39B | C$2.37B | C$2.24B | C$1.93B |
| Net income | C$944M | C$856M | C$748M | C$650M | C$600M |
| Free cash flow | C$1.57B | C$1.42B | C$1.12B | C$1.03B | C$744M |
| Capital expenditure | C$631M | C$641M | C$898M | C$603M | C$610M |
| Total debt | C$7.17B | C$7.20B | C$8.00B | C$8.17B | C$6.83B |
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 |
|---|---|---|---|---|---|---|
| Quebecor QBR-B.TO | $12.3B | +36% | +3% | 27% | 16.8× | 0.4% |
| BCE BCE.TO | $20.3B | -9% | +2% | 22% | 12.3× | -0.9% |
| Rogers Communications RCI-B.TO | $18.3B | -6% | +8% | 23% | 10.7× | 1.1% |
| TELUS T.TO | $14.5B | -27% | -1% | 15% | 17.5× | 2.6% |
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 | QBR-B.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +19.7% | +4.7% | highest of 20 |
| 6-month return | +36.1% | -8.8% | highest of 20 |
| Distance from 52-week high | -0.2% | -19.2% | highest of 20 |
| Revenue growth (TTM) | +3.1% | +1.7% | 9th highest of 20 |
| Operating margin | 27.4% | 9.4% | highest of 20 |
| Forward P/E | 16.8× | 15.5× | 9th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 0.4% | 0.2% | 10th least demanding of 19 |
| Growth delivered (Del g) | +5.6% | +2.6% | 5th highest of 19 |
| Hurdle (Req g minus delivered) | -5.2 pp | -3.5 pp | 7th least demanding of 19 |
| ROIC minus cost of capital | +5.2 pp | +1.0 pp | 6th highest of 20 |
| EV / EBITDA | 10.0× | 7.5× | 4th most expensive of 17 |
| Net debt / EBITDA | 2.9× | 2.5× | 7th most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Quebecor QBR-B.TO | Canada | $12.3B | +36% | +3% | 27% | 16.8× | 0.4% | +5.6% |
| HKT Trust and HKT 6823.HK | Hong Kong | $11.9B | -2% | +7% | 22% | 16.8× | -3.1% | +2.4% |
| Tele2 TEL2-A.ST | Sweden | $11.2B | -14% | +2% | 24% | 10.7× | -2.4% | +2.4% |
| KT 030200.KS | South Korea | $9.46B | -12% | +9% | 7% | 9.0× | -4.1% | +3.4% |
| Royal KPN KPN.AS | Netherlands | $18.6B | -4% | +2% | 24% | 18.2× | -2.5% | +1.9% |
| Telenor TEL.OL | Norway | $19.8B | -14% | -7% | 24% | 13.5× | -7.7% | -8.0% |
| BCE BCE.TO | Canada | $20.3B | -9% | +2% | 22% | 12.3× | -0.9% | +1.3% |
| China United Network Communications 600050.SS | China | $20.4B | -1% | 0% | 2% | 17.9× | -14.9% | +5.2% |
| China Unicom 0762.HK | Hong Kong | $21.3B | -26% | +4% | 2% | 8.2× | -8.3% | +4.5% |
| BT Group plc BT.A.L | United Kingdom | $28.8B | -8% | -4% | 17% | 12.2× | 4.3% | -1.7% |
| United Internet UTDI.DE | Germany | $5.17B | -9% | -8% | 9% | 15.5× | 1.4% | +2.7% |
| LG Uplus 032640.KS | South Korea | $5.17B | +6% | 0% | 7% | 9.8× | -17.5% | +2.9% |
| Tata Communications TATACOMM.NS | India | $5.15B | +7% | +9% | 8% | 30.9× | 34.1% | +7.7% |
| PCCW 0008.HK | Hong Kong | $5.04B | -17% | +7% | 13% | 46.4× | 1.2% | +2.3% |
| Telecom Argentina SA Sponsored ADR TEO | United States | $4.87B | -16% | +33% | 9% | 12.8× | 4.1% | +8.4% |
| Lumen Technologies LUMN | United States | $4.12B | -59% | -8% | -3% | n/a | 5.1% | -9.7% |
| Internet Initiative Japan 3774.T | Japan | $4.05B | +30% | +14% | 9% | 25.3× | 2.3% | +10.2% |
| Chunghwa Telecom 2412.TW | Taiwan | $38.4B | +20% | -10% | 20% | 30.1× | 7.4% | +2.6% |
| Swisscom SCMN.SW | Switzerland | $45.7B | +7% | +14% | 16% | 26.1× | 3.7% | +6.3% |
| Liberty Global LBTYA | United States | $3.28B | -19% | -27% | -1% | n/a | n/a | n/a |