CompanyGraph
At a glance
- Depends onMidstream position: 6 outgoing, 8 incoming connections
- ScaleRevenue is $16.68B, higher than 95% of all stocks globally
- PositionOperating margin is -3.4%, lower than 95% of its Airlines peers (median 7%)
- Interpretations2 currently firing — 2
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Sign inThe reported statements, read against the company's own industry.
Financials view
Market Capitalization
7.64BCAD5.40B · vs all stocks (USD)
Trailing P/E
22.11xvs Airlines peers
Revenue (TTM)
23.59BCAD16.68B · vs all stocks (USD)
Profit Margin
1.82%vs Airlines peers
Beta
1.66xvs all stocks
52-Week Change
52.74%vs all stocks
Market Capitalization
7.64BCAD5.40B · vs all stocks (USD)
Enterprise Value
13.89BCAD9.82B · vs all stocks (USD)
Trailing P/E
22.11xvs Airlines peers
Forward P/E
13.40xvs Airlines peers
PEG Ratio
0.2142xPrice to Sales (TTM)
0.3439xvs Airlines peers
Price to Book (MRQ)
3.03xvs Airlines peers
Enterprise to Revenue
0.5890xvs Airlines peers
Enterprise to EBITDA
7.33xvs Airlines peers
Gross Margin
14.06%vs Airlines peers
Profit Margin
1.82%vs Airlines peers
Operating Margin
-3.43%vs Airlines peers
Return on Assets (TTM)
1.03%vs Airlines peers
Return on Equity (TTM)
19.27%vs Airlines peers
Revenue (TTM)
23.59BCAD16.68B · vs all stocks (USD)
Revenue per Share (TTM)
80.81CADUpdated Sep 26, 2026Quarterly Revenue Growth
11.30%vs Airlines peers
Gross Profit (TTM)
6.43BCAD4.55B · vs all stocks (USD)
EBITDA (TTM)
2.84BCAD2.01B · vs all stocks (USD)
Net Income (TTM)
430.00MCAD304.06M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
20.59%vs Airlines peers
Operating Cash Flow (TTM)
3.68BCAD2.61B · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-264.50MCAD-187.03M · vs all stocks (USD)
Trailing Annual Dividend Rate
0.00CADUpdated Sep 26, 2026Trailing Annual Dividend Yield
0.00%vs all stocks
Payout Ratio
0.00%vs Airlines peers
Revenue
22.37BCADFY2025 · Dec 31, 2025Cost of Goods Sold
17.09BCADFY2025 · Dec 31, 2025Gross Profit
5.29BCADFY2025 · Dec 31, 2025Operating Income
918.00MCAD649.14M · vs all stocks (USD)
Pre-tax Income
789.00MCADFY2025 · Dec 31, 2025Income Tax Expense
145.00MCADFY2025 · Dec 31, 2025Net Income
644.00MCADFY2025 · Dec 31, 2025EBIT
1.40BCADFY2025 · Dec 31, 2025EBITDA (Income Statement)
3.08BCADFY2025 · Dec 31, 2025Selling, General & Administrative
1.77BCADFY2025 · Dec 31, 2025Other Operating Expenses
2.60BCADFY2025 · Dec 31, 2025Non-operating Interest Income
222.00MCADFY2025 · Dec 31, 2025Non-operating Interest Expense
606.00MCADFY2025 · Dec 31, 2025Net Income from Continuing Operations
644.00MCADFY2025 · Dec 31, 2025Operating Cash Flow
2.83BCADFY2025 · Dec 31, 2025Free Cash Flow
-85.00MCADFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
2.79BCADFY2025 · Dec 31, 2025Starting Profit (CF Statement)
644.00MCADFY2025 · Dec 31, 2025Depreciation & Amortization
2.01BCADFY2025 · Dec 31, 2025Deferred Taxes (CF)
126.00MCADFY2025 · Dec 31, 2025Other Non-cash Items
43.00MCADFY2025 · Dec 31, 2025Capital Expenditures
-2.91BCADFY2025 · Dec 31, 2025Purchase of Investments
-976.00MCADFY2025 · Dec 31, 2025Sale of Investments
2.79BCADFY2025 · Dec 31, 2025Other Investing Activity
93.00MCADFY2025 · Dec 31, 2025Net Investing Cash Flow
-1.00BCADFY2025 · Dec 31, 2025Long-term Debt Issuance
231.00MCADFY2025 · Dec 31, 2025Long-term Debt Payments
-1.74BCADFY2025 · Dec 31, 2025Common Stock Repurchase
-859.00MCADFY2025 · Dec 31, 2025Net Financing Cash Flow
-2.37BCADFY2025 · Dec 31, 2025Shares Outstanding
280.06MSharesUpdated Sep 26, 2026Float Shares
279.32MSharesUpdated Sep 26, 2026Shares Short
6.18MSharesUpdated Sep 26, 2026Short Ratio
2.15daysvs all stocks
% Held by Insiders
0.20%vs all stocks
% Held by Institutions
19.44%vs all stocks
Total Cash (MRQ)
7.01BCAD4.96B · vs all stocks (USD)
Total Cash per Share (MRQ)
25.03CADUpdated Sep 26, 2026Total Debt (MRQ)
12.79BCAD9.05B · vs all stocks (USD)
Total Debt to Equity (MRQ)
4.78xvs Airlines peers
Current Ratio (MRQ)
0.6010xvs Airlines peers
Book Value per Share (MRQ)
9.55CADUpdated Sep 26, 2026Total Assets
31.21BCAD22.07B · vs all stocks (USD)
Total Current Assets
7.92BCADFY2025 · Dec 31, 2025Total Liabilities
28.62BCADFY2025 · Dec 31, 2025Total Non-current Assets
23.30BCADFY2025 · Dec 31, 2025Total Non-current Liabilities
14.49BCADFY2025 · Dec 31, 2025Total Current Liabilities
14.13BCADFY2025 · Dec 31, 2025Cash & Cash Equivalents
2.79BCADFY2025 · Dec 31, 2025Other Short-term Investments
2.73BCADFY2025 · Dec 31, 2025Accounts Receivable
1.29BCADFY2025 · Dec 31, 2025Inventory
490.00MCADFY2025 · Dec 31, 2025Short-term Debt
2.97BCADFY2025 · Dec 31, 2025Deferred Revenue
6.65BCADFY2025 · Dec 31, 2025Long-term Debt
8.61BCADFY2025 · Dec 31, 2025Other Non-current Liabilities
154.00MCADFY2025 · Dec 31, 2025Common Stock (Book)
2.27BCADFY2025 · Dec 31, 2025Retained Earnings
202.00MCADFY2025 · Dec 31, 2025Total Shareholders' Equity
2.59BCAD1.83B · vs all stocks (USD)
52-Week Low
16.45CADUpdated Sep 26, 202652-Week High
31.45CADUpdated Sep 26, 202652-Week Change
52.74%vs all stocks
Beta
1.66xvs all stocks
50-Day MA
26.92CADUpdated Sep 26, 2026200-Day MA
21.73CADUpdated Sep 26, 2026Avg 10-Day Volume
2.82MSharesUpdated Sep 26, 2026Avg 30-Day Volume
2.48MSharesUpdated Sep 26, 2026Diluted EPS (TTM)
1.31CADUpdated Sep 26, 2026Other Income / Expense
255.00MCADFY2025 · Dec 31, 20252 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow does this company use capital?
Cash-Backed Earnings Configuration
More cash comes in than it reports as profit, little goes back out on equipment, and much of the gap is depreciation.
Reads
Industry-Benchmarked ROA and Margin Elevated
Returns and margins have sat in the top of its industry across five years.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Operating margin is -3.4%, lower than 95% of its Airlines peers (median 7%)Significant
Operating margin: -0.03Industry median: 0.07Industry P5: -0.03Peers compared: 26.00
Structural Tensions
Significant cash reserves alongside high leverageNotable
Cash (USD): 4,957,618,184.233Total Debt (USD): 9,046,893,551.534Debt-to-Equity: 4.78
Financial Health
Altman Z-Score 0.79: distress zoneCritical
Altman Z-Score: 0.79
High earnings qualityNotable
Earnings Quality Score: 0.68
High structural barrier to entryNotable
Barrier to Entry: 0.54
Supply Chain
Midstream position: 6 outgoing, 8 incoming connectionsNotable
Outgoing: 6.00Incoming: 8.00
High connectivity hub: 14 industry connectionsNotable
Total Connections: 14.00
Scale
Revenue is $16.68B, higher than 95% of all stocks globallySignificant
Revenue (USD): 16,684,496,264.233Global P95: 15,291,475,445.58
Market cap is $5.4B, above the global median of $1.18BNotable
Market cap (USD): 5,404,506,109.261Global Median: 1,180,223,658.953
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