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Home CompaniesExchange Income Corporation

Exchange Income Corporation

Industrials Airlines
PortfolioPortfolio WatchlistWatchlist
Company price
123.8 CAD 2.33 ( 1.92%)
Last update at 2026-09-25T20:00:00Z
VOLUME
121528
Market Cap
5814.55M
P/E
33.09

Momentum Score

…

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation, and manufacturing markets worldwide. The company operates in two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers fixed wing and rotary wing; and medevac, passenger, charter, freight services, and auxiliary services; and operates flight schools. This segment also provides mission systems design and integration, aircraft modifications, intelligence, surveillance, reconnaissance operations, software development, logistics, and in-service support; and aftermarket aircraft, engine and parts sales, aircraft and engine leasing, and aircraft management services. The Manufacturing segment turnkey services, such as planning, consultation, delivery and installation, logistical support, and removal and washing solutions; design, manufacture, and installation of the exteriors of residential and mixed-use high rise buildings which integrate residential, retail, and office spaces; and wireless and wireline construction and maintenance services; manufacture services of precision parts and components and portable hydronic climate control equipment, as well as specialized heavy-duty pressure washing and steam systems, commercial water recycling systems, and custom tanks. Exchange Income Corporation is headquartered in Winnipeg, 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
119.37
Low
124.06
High
52 Week Price Range
47.95
Low
110.52
High

Momentum Score

…
Loading momentum score…

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

Exchange Income Corporation is a Canadian diversified, acquisition-focused company operating aerospace services and niche industrial manufacturing businesses, with a focus on aircraft maintenance, component repair and specialty manufacturing. Long-term growth may be supported by sustained aftermarket demand for aircraft services, defense and government contracting, and earnings-accretive acquisitions as the company pursues consolidation in cash-generative niches, which could appeal to investors seeking diversified cash flow and dividend income.

Key risks include exposure to aerospace cyclicality and air travel demand, execution and integration risk from frequent acquisitions, leverage and interest-rate sensitivity, and operational or regulatory liabilities tied to maintenance and defense work.

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
121.47
Dividend Yield
2.55%
Revenue TTM
3277.50M
Revenue Per Share
62.70
Gross Profit TTM
1197.07M
Debt / Equity
1.50
ROE
10.56%
Net Debt
2488.66M
ROCE
8.07%
Diluted EPS TTM
3.12

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 228.17M 167.98M 163.09M 151.47M 94.26M
Net income 167.52M 121.23M 122.31M 109.67M 68.59M
Selling general administrative 442.69M 340.09M 304.79M 254.61M 190.96M
Gross profit 812.15M 657.74M 594.49M 491.35M 334.45M
Reconciled depreciation 384.92M 310.42M 265.83M 219.71M 186.38M
Ebit 359.75M 305.85M 282.88M 236.73M 149.50M
Ebitda 744.67M 616.26M 548.71M 456.44M 335.88M
Depreciation and amortization 384.92M 310.42M 265.83M 219.71M 186.38M
Operating income 369.45M 317.65M 289.70M 236.73M 149.50M
Other operating expenses 2908.04M 2342.25M 2208.72M 1822.64M 1269.65M
Interest expense 131.58M 137.86M 119.79M 78.42M 52.20M
Tax provision 60.65M 46.75M 40.79M 41.80M 25.68M
Interest income - 137.86M 119.79M 78.42M 52.20M
Net interest income -131.58M -137.86M -119.79M -78.42M -52.20M
Income tax expense 60.65M 46.75M 40.79M 41.80M 25.68M
Total revenue 3277.49M 2659.89M 2498.41M 2059.37M 1413.15M
Total operating expenses 442.69M 340.09M 304.79M 254.61M 190.96M
Cost of revenue 2465.34M 2002.15M 1903.93M 1568.03M 1078.69M
Total other income expense net -141.28M -149.66M -126.61M -85.27M -55.23M
Net income from continuing ops 167.52M 121.23M 122.31M 109.67M 68.59M
Net income applicable to common shares - 121.23M 122.31M 109.67M 68.59M
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 5261.68M 4598.99M 4079.81M 3548.84M 2588.67M
Intangible assets 348.21M 364.62M 332.36M 300.37M 180.66M
Other current assets 60.64M - 63.60M 102.81M 40.13M
Total liab 3499.28M 3189.32M 2834.33M 2529.78M 1788.39M
Total stockholder equity 1757.39M 1409.67M 1245.47M 1019.05M 800.27M
Other current liab - - 7.27M 6.89M 4.58M
Common stock 1733.52M - 1252.89M 1019.77M 852.82M
Capital stock 1733.52M 1377.17M 1252.89M 1019.77M 852.82M
Retained earnings -77.31M -104.97M -100.31M -108.03M -120.23M
Other liab - - - 197.37M 141.20M
Good will 825.44M 827.23M 713.20M 626.34M 486.88M
Other assets - - - 15.25M 7.83M
Cash 145.77M 71.80M 103.56M 139.90M 75.41M
Cash and equivalents - - - 139.90M 75.41M
Total current liabilities 804.97M 650.80M 618.64M 580.45M 475.35M
Current deferred revenue 171.29M - 112.58M 90.58M 83.73M
Net debt 2488.66M 2080.46M 1903.01M 1638.57M 1214.42M
Short term debt 56.59M - 36.87M 31.08M 119.41M
Short long term debt - - - - 98.81M
Short long term debt total 2634.43M - 2006.57M 1778.47M 1289.83M
Other stockholder equity 17.87M - 47.37M 46.44M 46.66M
Property plant equipment - - - 1441.73M 1154.01M
Total current assets 1373.06M 1279.23M 1159.36M 1045.93M 700.46M
Long term investments 86.80M 109.87M 121.25M 109.08M 58.83M
Net tangible assets - - - 92.34M 132.74M
Net receivables 655.49M 614.25M 583.82M 468.17M 329.47M
Long term debt 2174.68M 2152.26M 1826.42M 1614.21M 1101.02M
Inventory 511.16M 496.54M 408.38M 335.06M 255.45M
Accounts payable 577.09M 473.96M 461.92M 451.91M 267.63M
Accumulated other comprehensive income 83.31M - 45.53M 60.87M 21.02M
Non currrent assets other 5.39M - 12.48M 25.38M 7.83M
Non current assets total 3888.62M 3319.76M 2920.45M 2502.90M 1888.21M
Capital lease obligations 258.17M 180.15M 180.15M 164.26M 90.00M
Long term debt total - - - 1747.39M 1170.42M
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 - -567.54M -551.02M -655.45M -357.94M
Change to liabilities - - - 152.29M 61.59M
Total cashflows from investing activities -780.03M -567.54M -650.75M -655.45M -357.94M
Net borrowings 325.46M 277.97M 188.83M 351.68M 65.64M
Total cash from financing activities 209.08M 176.33M 261.35M 380.97M 79.42M
Change to operating activities - - - -56.69M -10.92M
Net income 167.52M 121.23M 122.31M 109.67M 68.59M
Change in cash 73.98M -31.76M -36.34M 64.49M 5.55M
Begin period cash flow 71.80M 103.56M 139.90M 75.41M 69.86M
End period cash flow 145.77M 71.80M 103.56M 139.90M 75.41M
Total cash from operating activities 647.94M 357.01M 353.23M 335.12M 285.05M
Issuance of capital stock 23.49M 24.25M 185.91M 127.11M 99.17M
Depreciation 384.92M 310.42M 265.83M 219.71M 186.38M
Other cashflows from investing activities 12.18M 70.66M 8.35M -288.87M 4.90M
Dividends paid 139.87M -125.89M -114.59M 97.47M 85.39M
Change to inventory -12.93M -46.90M -52.94M -43.70M -16.39M
Change to account receivables 69.80M -57.17M -4.32M -67.87M -2.40M
Sale purchase of stock - 24.25M 187.11M 127.11M 99.17M
Other cashflows from financing activities -50.13M -39.02M -650.75M 647.51M 497.79M
Change to netincome - - - 26.96M 9.32M
Capital expenditures 728.31M 490.39M 505.84M 366.58M 279.42M
Change in working capital 65.56M -81.79M -52.55M -21.22M 20.75M
Stock based compensation 2.07M 1.75M 1.50M 1.12M 1.27M
Other non cash items 3.36M -1.03M 1.37M 5.91M 0.11M
Free cash flow -80.36M -133.38M -152.61M -31.46M 5.62M

Peer Comparison*

Sector: Industrials Industry: Airlines

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)
EIF
Exchange Income Corporation		 2.33
1.92%		 123.80 33.09 26.04 1.77 3.34 2.49 10.95
AC
Air Canada		 -1.62
5.59%		 27.34 10.12 19.49 0.25 2.15 0.52 3.41

Profile*

Exchange Income Corporation

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation, and manufacturing markets worldwide. The company operates in two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers fixed wing and rotary wing; and medevac, passenger, charter, freight services, and auxiliary services; and operates flight schools. This segment also provides mission systems design and integration, aircraft modifications, intelligence, surveillance, reconnaissance operations, software development, logistics, and in-service support; and aftermarket aircraft, engine and parts sales, aircraft and engine leasing, and aircraft management services. The Manufacturing segment turnkey services, such as planning, consultation, delivery and installation, logistical support, and removal and washing solutions; design, manufacture, and installation of the exteriors of residential and mixed-use high rise buildings which integrate residential, retail, and office spaces; and wireless and wireline construction and maintenance services; manufacture services of precision parts and components and portable hydronic climate control equipment, as well as specialized heavy-duty pressure washing and steam systems, commercial water recycling systems, and custom tanks. Exchange Income Corporation is headquartered in Winnipeg, Canada.

101-990 Lorimer Boulevard, Winnipeg, MB, Canada, R3P 0Z9

204 982 1857

https://www.exchangeincomecorp.ca

Name Title Year Born
Mr. Michael C. Pyle M.B.A., MBA CEO & Director 1964
Mr. Duncan Draper Jessiman Q.C. Exec. Vice Chairman 1946
Ms. Carmele N. Peter L.L.B., Q.C., LL.B. Pres 1966
Mr. Doron Marom Chief Exec. Officer of Regional One, Inc. NA
Mr. Hank Gibson Pres of Regional One, Inc. NA
Mr. Richard Wowryk Chief Financial Officer NA
Mr. Darwin R. Sparrow Chief Operating Officer 1967
Mr. Curtis Anderson Chief Technology Officer NA
Pam Plaster VP of Investor Devel. NA
Ms. Dianne M. Spencer Mang. of Compliance & Corp. Sec. 1964

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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