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Home CompaniesCargojet Inc

Cargojet Inc

Industrials Integrated Freight & Logistics
PortfolioPortfolio WatchlistWatchlist
Company price
97.71 CAD 3.72 ( 3.96%)
Last update at 2026-11-04T20:21:00Z
VOLUME
89199
Market Cap
1237.95M
P/E
15.66

Momentum Score

…

Cargojet Inc. provides time-sensitive overnight air cargo services and carries in Canada. It operates domestic air cargo network services between Canadian cities; and provides aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North America, South America, and Europe. The company also operates scheduled and ad hoc international routes for a range of cargo customers between the United States and Bermuda; Canada and Europe, Asia, and Mexico, the United Kingdom, and other international destinations. In addition, it offers domestic air cargo services for various international airlines between points in Canada that connect airlines' gateways to Canada; aircraft to customers on an ad hoc and scheduled basis; cargo and passenger charters in weekends; operates ad hoc charter business for cargo targets, including livestock shipments, military equipment, emergency relief supplies, and virtually any large shipments in North America, the Caribbean, and Europe. Further, the company is involved in aircraft operation and maintenance, flight planning and dispatch, crew planning and training, ground handling, and commercial airline cargo management businesses. It operates a fleet of 41 aircraft. Cargojet Inc. was founded in 2001 and is headquartered in Mississauga, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
93.83
Low
97.95
High
52 Week Price Range
65.02
Low
112.47
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Cargojet Inc is a Canadian scheduled and charter air-cargo carrier operating a fleet of freighter aircraft providing time-sensitive domestic and international parcel and freight services. Long-term growth drivers include rising e-commerce and express logistics demand, expansion of scheduled network and fleet, and growth in cross-border trade that could support revenue and scale. The company's focused operating model appears positioned to capture time-critical freight flows.
Principal risks include volatile air-cargo demand, fuel and operating cost exposure, capital intensity and dependence on contract renewals amid competition from global integrators.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
93.99
Dividend Yield
1.67%
Revenue TTM
992.70M
Revenue Per Share
64.88
Gross Profit TTM
198.90M
Debt / Equity
1.55
ROE
10.84%
Net Debt
1147.60M
ROCE
5.80%
Diluted EPS TTM
5.24

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 94.60M 137.70M 51.70M 220.00M 200.80M
Net income 80.20M 108.40M 37.30M 190.60M 167.40M
Selling general administrative 84.60M 90.60M 70.50M 70.10M 55.90M
Selling and marketing expenses - - 2.50M 2.70M 0.80M
Gross profit 197.10M 225.80M 138.10M 247.50M 230.90M
Reconciled depreciation 207.10M 167.10M 221.00M 153.70M 123.70M
Ebit 112.50M 135.20M 67.60M 170.50M 172.10M
Ebitda 299.70M 274.60M 219.80M 324.20M 295.80M
Depreciation and amortization 187.20M 139.40M 152.20M 153.70M 123.70M
Operating income 112.50M 135.20M 67.60M 170.50M 172.10M
Other operating expenses 880.20M 865.60M 809.90M 807.40M 585.70M
Interest expense 49.70M 56.80M 61.80M 33.60M 30.90M
Tax provision 14.40M 29.30M 14.40M 29.40M 33.40M
Net interest income -49.70M -56.80M -56.80M -33.60M -30.90M
Income tax expense 14.40M 29.30M 14.40M 29.40M 33.40M
Total revenue 992.70M 1000.80M 877.50M 979.90M 757.80M
Total operating expenses 84.60M 90.60M 70.50M 75.00M 58.80M
Cost of revenue 795.60M 775.00M 739.40M 732.40M 526.90M
Total other income expense net -17.90M 2.50M -15.90M 49.50M 28.70M
Net income from continuing ops 80.20M 108.40M 37.30M 190.60M 167.40M
Net income applicable to common shares 80.20M 108.40M 37.30M 190.60M 167.40M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 2133.40M 1925.70M 2036.30M 1986.30M 1489.80M
Intangible assets 2.00M 2.00M 2.00M 2.00M 2.00M
Other current assets 38.10M - 124.50M 11.00M 27.90M
Total liab 1391.00M 1188.00M 1251.80M 1154.80M 813.40M
Total stockholder equity 742.40M 737.70M 784.50M 831.50M 676.40M
Other current liab 77.00M 20.70M 11.10M 18.70M 4.50M
Common stock 567.00M - 609.80M 650.90M 655.20M
Capital stock 567.00M 588.50M 609.80M 650.90M 655.20M
Retained earnings 161.00M 134.00M 160.80M 166.80M 7.80M
Other liab - - - 328.70M 338.60M
Good will 48.30M 48.30M 48.30M 48.30M 48.30M
Other assets 15.20M - 0.00M 10.20M 70.10M
Cash 6.70M 1.50M 31.80M 6.10M 94.70M
Total current liabilities 193.00M 197.60M 186.30M 150.50M 98.20M
Current deferred revenue - - 5.30M - -
Net debt 1147.60M 650.10M 767.40M 700.90M 303.90M
Short term debt 25.70M - 22.90M 31.40M 22.00M
Short long term debt - 15.20M - - -
Short long term debt total 1154.30M - 799.20M 707.00M 398.60M
Other stockholder equity 1.30M - 0.80M 0.70M 0.30M
Property plant equipment 1724.50M - - 1643.60M 1159.90M
Total current assets 237.00M 115.10M 278.10M 116.10M 200.10M
Long term investments 9.90M 7.70M 7.30M 7.40M 9.40M
Net tangible assets - - - 781.20M 626.10M
Net receivables 187.70M 98.20M 119.20M 95.70M 75.30M
Long term debt 809.20M 636.40M 680.10M 618.00M 307.20M
Inventory 4.50M 2.50M 2.60M 3.30M 2.20M
Accounts payable 90.30M 142.60M 147.00M 100.40M 71.70M
Accumulated other comprehensive income 13.10M - 13.10M 13.10M 13.10M
Non currrent assets other 15.20M - 6.30M 165.80M 67.00M
Non current assets total 1896.40M 1810.60M 1758.20M 1870.20M 1289.70M
Capital lease obligations 185.40M 103.50M 119.10M 89.00M 91.40M
Long term debt total 968.90M - - 675.60M 376.60M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -142.70M -127.50M -615.10M -9.40M
Change to liabilities - - - 17.60M 5.10M
Total cashflows from investing activities -349.60M -142.70M -127.50M -615.10M -280.40M
Net borrowings 119.30M -61.80M 16.50M 279.90M -189.70M
Total cash from financing activities 120.20M -216.20M -39.60M 244.00M 126.40M
Change to operating activities - - - -7.00M 1.00M
Net income 80.20M 108.40M 37.30M 190.60M 167.40M
Change in cash 5.20M -30.30M 25.70M -88.60M 91.00M
Begin period cash flow 1.50M 31.80M 6.10M 94.70M 3.70M
End period cash flow 6.70M 1.50M 31.80M 6.10M 94.70M
Total cash from operating activities 234.60M 328.60M 192.80M 282.50M 245.00M
Issuance of capital stock - - - 0.00M 349.80M
Depreciation 187.20M 165.10M 178.40M 153.70M 123.70M
Other cashflows from investing activities -22.60M 2.20M 12.20M -3.90M 6.30M
Dividends paid 16.00M -26.70M -19.70M 18.90M 17.10M
Change to inventory -2.00M 0.10M 0.70M -1.10M -0.70M
Change to account receivables -21.00M 16.10M -23.50M -20.60M -32.90M
Sale purchase of stock -86.60M -127.70M -35.50M -16.70M 336.00M
Other cashflows from financing activities -36.70M -31.40M -43.60M 308.10M -16.60M
Change to netincome - - - -46.50M -11.30M
Capital expenditures 336.10M 250.00M 266.70M 611.20M 277.60M
Change in working capital -45.50M 40.20M -39.20M -11.10M -27.50M
Stock based compensation 4.30M 9.70M 1.50M -5.80M -1.40M
Other non cash items -1.70M -14.40M 1.90M -74.30M -50.60M
Free cash flow -101.50M 78.60M -73.90M -328.70M -32.60M

Peer Comparison*

Sector: Industrials Industry: Integrated Freight & Logistics

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
CJT
Cargojet Inc		 3.72
3.96%		 97.71 15.66 20.41 1.25 1.68 2.25 6.37
UPS
UPS CDR (CAD Hedged)		 0.61
4.49%		 14.21 15.60 14.33 0.98 5.36 1.27 9.48

Profile*

Cargojet Inc

Cargojet Inc. provides time-sensitive overnight air cargo services and carries in Canada. It operates domestic air cargo network services between Canadian cities; and provides aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North America, South America, and Europe. The company also operates scheduled and ad hoc international routes for a range of cargo customers between the United States and Bermuda; Canada and Europe, Asia, and Mexico, the United Kingdom, and other international destinations. In addition, it offers domestic air cargo services for various international airlines between points in Canada that connect airlines' gateways to Canada; aircraft to customers on an ad hoc and scheduled basis; cargo and passenger charters in weekends; operates ad hoc charter business for cargo targets, including livestock shipments, military equipment, emergency relief supplies, and virtually any large shipments in North America, the Caribbean, and Europe. Further, the company is involved in aircraft operation and maintenance, flight planning and dispatch, crew planning and training, ground handling, and commercial airline cargo management businesses. It operates a fleet of 41 aircraft. Cargojet Inc. was founded in 2001 and is headquartered in Mississauga, Canada.

2281 North Sheridan Way, Mississauga, ON, Canada, L5K 2S3

866 551 5529

https://www.cargojet.com

2030

Name Title Year Born
Dr. Ajay Kumar Virmani MBA Founder, CEO, Pres & Director 1956
Mr. Jamie Bennett Porteous Chief Strategy Officer NA
Mr. Paul David Rinaldo Sr. VP of Engineering & Maintenance NA
Ms. Pauline Dhillon Chief Corp. Officer NA
Mr. John Kim CPA, CA Consultant NA
Mr. Sanjeev Maini VP of Fin. NA
Mr. Scott D. Calver Chief Financial Officer NA
Ms. Anju Virmani Chief Information Officer 1955
Mr. Fernando Garcia VP of Legal & Corp. Governance NA
Mr. George Sugar Sr. VP of Regulatory Compliance NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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