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Manufactures pressure-treated wood products, mainly railway ties and utility poles, for railroads and utilities in North America.
Manufactures pressure-treated wood products, mainly railway ties and utility poles, for railroads and utilities in North America.
Buys wood, treats it with preservatives at its plants and sells the poles and ties to railroads and power utilities, partly under long-term supply agreements, so earnings depend on the spread between wood costs and selling prices. The 2017 purchase of Koppers' utility-pole and railroad-tie business expanded its plant network.
In one line: A treated wood products manufacturer for rail/utility infrastructure.
Moat: narrow (installed base, customer qualification, scale). Long-term railroad/utility supply contracts and a large North American plant network are hard for smaller producers to match.
Headquarters: Montreal, Canada · Founded: 1918 · Employees: 3,200
Size Stella-Jones (SJ.TO) is a Canada Materials company (Forest Products) with a market value of $2.56B, the 170th largest of 420 Canada companies the cockpit tracks. Shares closed at C$65.85 on 6 Nov 2026.
Performance Over six months the shares fell 11.5%, against +0.3% for the median peer and +5.2% for the Canada market (cap-weighted) — 4th lowest of 16 in its peer set.
Growth Revenue grew 1.9% over the last twelve months (peer median +1.9%); the operating margin is 12.7% (peer median 4.5%).
Valuation It trades at 11.8× forward earnings against a peer median of 26.0× (cheapest of 10).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -16 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.1 points above its cost of capital (5.0% WACC).
Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$3.52B | C$3.49B | C$3.47B | C$3.32B | C$3.06B |
| Revenue growth | — | +1% | +5% | +8% | — |
| Gross profit | C$652M | C$689M | C$709M | C$673M | C$509M |
| EBITDA | C$599M | C$637M | C$648M | C$616M | C$456M |
| Net income | C$259M | C$337M | C$319M | C$326M | C$241M |
| Free cash flow | C$493M | C$454M | C$276M | -C$48.0M | C$158M |
| Capital expenditure | C$103M | C$112M | C$143M | C$165M | C$108M |
| Total debt | C$1.65B | C$1.64B | C$1.70B | C$1.61B | C$1.11B |
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 |
|---|---|---|---|---|---|---|
| Stella-Jones SJ.TO | $2.56B | -12% | +2% | 13% | 11.8× | -9.1% |
| Koppers KOP | $567M | -32% | -5% | 10% | 6.7× | -7.1% |
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 | SJ.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.5% | +2.0% | 8th highest of 16 |
| 6-month return | -11.5% | +0.3% | 4th lowest of 16 |
| Distance from 52-week high | -35.0% | -24.9% | 5th lowest of 16 |
| Revenue growth (TTM) | +1.9% | +1.9% | 8th highest of 16 |
| Operating margin | 12.7% | 4.5% | 2nd highest of 16 |
| Forward P/E | 11.8× | 26.0× | cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | -9.1% | 13.3% | 2nd least demanding of 11 |
| Growth delivered (Del g) | +6.5% | +5.0% | 3rd highest of 11 |
| Hurdle (Req g minus delivered) | -15.6 pp | +10.4 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +4.1 pp | -6.4 pp | 3rd highest of 16 |
| EV / EBITDA | 8.4× | 9.0× | 3rd cheapest of 8 |
| Net debt / EBITDA | 2.5× | 0.4× | 2nd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Stella-Jones SJ.TO | Canada | $2.56B | -12% | +2% | 13% | 11.8× | -9.1% | +6.5% |
| Zhongfu Straits (Pingtan) Development 000592.SZ | China | $1.93B | -38% | -29% | -37% | n/a | 25.3% | +1.5% |
| Dehua TB New Decoration Material 002043.SZ | China | $1.60B | -10% | +4% | 9% | 15.2× | -1.3% | +6.6% |
| UFP Industries UFPI | United States | $4.41B | -5% | -1% | 5% | 17.7× | 9.9% | +4.2% |
| Vohringer Home Technology 603226.SS | China | $1.30B | -38% | -3% | -40% | n/a | n/a | n/a |
| Louisiana-Pacific LPX | United States | $5.27B | 0% | -12% | 5% | 34.9× | 39.1% | -0.6% |
| West Fraser Timber WFG.TO | Canada | $5.35B | +12% | -8% | -11% | n/a | n/a | n/a |
| Canfor CFP.TO | Canada | $1.22B | +17% | +2% | -1% | n/a | n/a | n/a |
| Trex TREX | United States | $5.58B | +36% | +9% | 19% | 26.9× | 21.1% | +5.9% |
| Inwido INWI.ST | Sweden | $1.16B | +39% | +11% | 10% | 16.9× | 2.5% | +6.1% |
| Sakata Seed 1377.T | Japan | $1.13B | +2% | +12% | 11% | 16.2× | 0.2% | +8.5% |
| Der Future Science & Technology 002631.SZ | China | $1.04B | +10% | -26% | -23% | n/a | n/a | n/a |
| XIAMEN WANLI STONE STOCK 002785.SZ | China | $1.03B | -40% | -33% | -7% | 47.6× | n/a | n/a |
| Jilin Quanyangquan 600189.SS | China | $897M | +1% | +9% | 11% | 109.0× | 16.6% | -1.7% |
| Bunka Shutter 5930.T | Japan | $779M | -1% | +3% | 6% | n/a | -12.9% | +6.4% |
| Zhejiang Tianzhen Technology 301356.SZ | China | $713M | -7% | +2% | 4% | 26.0× | 27.5% | -7.1% |