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2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Companies in Canada with the highest profit margin

Net margin is net income divided by revenue. Only companies with at least $1 billion in revenue are ranked here: a small company can post an extreme margin that tells you nothing. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–59 of 59 · Fiscal year 2025 · Data as of September 25, 2026

Only companies with at least $1bn in revenue are ranked.

Manulife Financial (MFC) tops the list with 68.5% in net margin for fiscal 2025, ahead of Wheaton Precious Metals (63.6%) and Franco Nevada (61.0%). Across the top 10, net margin ranges from 68.5% down to 29.4%. 59 companies in Canada report net margin, 4.1% of the 1438-filer universe. The last place on the list, Precision Drilling, comes in at 0.1%.

Net margin
#CompanyNet marginYoY15-year trend
1Manulife FinancialMFCCAFinancials68.5%−3.4%
2Wheaton Precious MetalsWPMCAMaterials63.6%+54.4%
3Franco NevadaFNVCAMaterials61.0%+23.1%
4Alamos GoldAGICAMaterials49.0%+132.0%
5Agnico Eagle MinesAEMCAMaterials37.5%+63.8%
6Kinross GoldKGCCAMaterials33.9%+83.9%
7Rogers CommunicationsRCICACommunication services31.8%+277.3%
8Royal Bank of CanadaRYCAFinancials30.6%+8.0%
9Toronto Dominion BankTDCAFinancials30.3%+96.1%
10Barrick MiningBCAMaterials29.4%+77.5%
11Canadian Imperial Bank of CommerceCMCAFinancials28.9%+4.1%
12Canadian Natural ResourcesCNQCAEnergy27.9%+63.0%
13Eldorado GoldEGOCAMaterials27.9%+27.6%
14Canadian Pacific Kansas CityCPCAIndustrials27.5%+7.4%
15Canadian National RailwayCNICAIndustrials27.3%+4.5%
16Pan American SilverPAASCAMaterials27.1%+575.5%
17BceBCECACommunication services26.6%+1,632.9%
18Hudbay MineralsHBMCAMaterials25.7%+577.6%
19IamgoldIAGCAMaterials25.7%−50.6%
20Bank of MontrealBMOCAFinancials24.0%+7.6%
21TC EnergyTRPCAUtilities23.1%−32.3%
22South BowSOBOCAEnergy21.8%+46.3%
23Pembina PipelinePBACAEnergy21.8%−13.7%
24Bank of Nova ScotiaBNSCAFinancials20.6%−10.4%
25Thomson ReutersTRICACommunication services20.1%−34.0%
26CamecoCCJCAMaterials16.9%+209.0%
27FortisFTSCAUtilities16.1%+1.4%
28Hydro OneHRNNFCAUtilities14.9%+8.7%
29Lululemon AthleticaLULUCAConsumer discretionary14.2%−17.0%
30First Majestic SilverAGCAMaterials13.1%+31.3 pp
31Teck ResourcesTECKCAMaterials13.0%+190.8%
32EmeraEMACAUtilities12.4%+57.4%
33Equinox GoldEQXCAMaterials12.2%−67.2%
34EnbridgeENBCAEnergy11.5%+12.9%
35Waste ConnectionsWCNCAUtilities11.4%+64.2%
36Suncor EnergySUCAEnergy11.3%+3.1%
37Gildan ActivewearGILCAConsumer discretionary11.0%−10.1%
38ShopifySHOPCATechnology10.7%−53.1%
39RB GlobalRBACATechnology9.3%−3.2%
40Sun Life FinancialSLFCAFinancials8.5%+5.1%
41Open TextOTEXCATechnology8.4%+4.6%
42NutrienNTRCAMaterials8.4%+224.9%
43Cenovus EnergyCVECAEnergy7.9%+36.6%
44Algonquin Power & UtilitiesAQNCAUtilities7.4%+66.9 pp
45Imperial OilIMOCAEnergy6.9%−25.3%
46CelesticaCLSCATechnology6.7%+51.4%
47StantecSTNCAIndustrials5.9%+22.1%
48TelusTUCACommunication services5.4%+11.4%
49Colliers InternationalCIGICAReal estate4.0%−17.8%
50MethanexMEOHCAMaterials4.0%−40.0%
51Tfi InternationalTFIICAIndustrials3.9%−21.7%
52FirstserviceFSVCAReal estate3.5%−3.6%
53BRPDOOCAIndustrials3.5%+6.2 pp
54EnerflexEFXTCAIndustrials2.5%+87.8%
55Magna InternationalMGACAConsumer discretionary2.0%−16.2%
56BrookfieldBNCAReal estate1.7%+133.5%
57Bausch Health CompaniesBHCCAHealthcare1.5%+2.0 pp
58Boyd Group ServicesBGSICAConsumer discretionary0.6%−26.7%
59Precision DrillingPDSCAEnergy0.1%−98.3%

All figures from SEC filings · FY2025 · 59

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{{cite web |title=Companies in Canada with the highest profit margin |url=https://companiesranked.com/en/companies-with-the-highest-profit-margin-in-canada |website=CompaniesRanked |date=2026-09-25 |language=en}}

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@misc{companiesranked-en-companies-with-the-highest-profit-margin-in-canada-2026,
  author       = {{CompaniesRanked}},
  title        = {{Companies in Canada with the highest profit margin}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/companies-with-the-highest-profit-margin-in-canada}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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