Most profitable companies in Canada

Net income is profit after tax and all expenses, as reported in the annual filing. Companies reporting a loss are excluded from this ranking. 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 1–73 of 73 · Fiscal year 2025 · Data as of September 25, 2026

Toronto Dominion Bank (TD) tops the list with $14.7B in net income for fiscal 2025, ahead of Royal Bank of Canada ($14.6B) and Canadian Natural Resources ($7.7B). The top 10 together report $74.8B in net income; the gap between #1 and #10 is ×3.15. 73 companies in Canada report net income, 3.5% of the 2058-filer universe. The last place on the list, Precision Drilling, comes in at $1.3M.

Net income
#CompanyNet incomeYoY15-year trend
1Toronto Dominion BankTDCAFinancials$14.7B+127.7%
2Royal Bank of CanadaRYCAFinancials$14.6B+23.0%
3Canadian Natural ResourcesCNQCAEnergy$7.7B+73.7%
4Bank of MontrealBMOCAFinancials$6.2B+16.6%
5Canadian Imperial Bank of CommerceCMCAFinancials$6.0B+16.1%
6Bank of Nova ScotiaBNSCAFinancials$5.6B−1.6%
7EnbridgeENBCAEnergy$5.4B+34.9%
8Barrick MiningBCAMaterials$5.0B+132.9%
9Rogers CommunicationsRCICACommunication services$4.9B+289.7%
10BceBCECACommunication services$4.7B+1,602.5%
11Agnico Eagle MinesAEMCAMaterials$4.5B+135.4%
12Suncor EnergySUCAEnergy$4.2B−3.6%
13Manulife FinancialMFCCAFinancials$4.0B+1.4%
14Canadian National RailwayCNICAIndustrials$3.4B+4.0%
15Canadian Pacific Kansas CityCPCAIndustrials$3.0B+9.2%
16Cenovus EnergyCVECAEnergy$2.8B+22.6%
17Sun Life FinancialSLFCAFinancials$2.5B+11.2%
18TC EnergyTRPCAUtilities$2.5B−26.6%
19Kinross GoldKGCCAMaterials$2.4B+151.9%
20Imperial OilIMOCAEnergy$2.3B−33.1%
21NutrienNTRCAMaterials$2.3B+236.4%
22Lululemon AthleticaLULUCAConsumer discretionary$1.6B−13.0%
23Thomson ReutersTRICACommunication services$1.5B−32.0%
24Wheaton Precious MetalsWPMCAMaterials$1.5B+178.1%
25FortisFTSCAUtilities$1.4B+5.1%
26BrookfieldBNCAReal estate$1.3B+103.9%
27ShopifySHOPCATechnology$1.2B−39.0%
28Pembina PipelinePBACAEnergy$1.2B−10.9%
29Franco NevadaFNVCAMaterials$1.1B+101.4%
30Waste ConnectionsWCNCAUtilities$1.1B+74.3%
31Teck ResourcesTECKCAMaterials$1.0B+238.2%
32Pan American SilverPAASCAMaterials$980M+767.3%
33Hydro OneHRNNFCAUtilities$966M+13.5%
34Alamos GoldAGICAMaterials$886M+211.6%
35CelesticaCLSCATechnology$833M+94.5%
36Magna InternationalMGACAConsumer discretionary$829M−17.8%
37TelusTUCACommunication services$797M+9.9%
38EmeraEMACAUtilities$780M+88.1%
39IamgoldIAGCAMaterials$732M−13.6%
40Hudbay MineralsHBMCAMaterials$569M+641.2%
41Eldorado GoldEGOCAMaterials$507M+75.4%
42Open TextOTEXCATechnology$436M−6.3%
43South BowSOBOCAEnergy$433M+37.0%
44RB GlobalRBACATechnology$428M+3.7%
45CamecoCCJCAMaterials$422M+236.2%
46Gildan ActivewearGILCAConsumer discretionary$399M−0.5%
47StantecSTNCAIndustrials$343M+30.0%
48Tfi InternationalTFIICAIndustrials$311M−26.5%
49Fortuna MiningFSMCAMaterials$287M+123.3%
50Aurinia PharmaceuticalsAUPHCAHealthcare$287M+4,851.7%
51Ero CopperEROCAMaterials$264M+$332M
52Triple Flag Precious MetalsTFPMCAFinancials$240M+$263M
53Colliers InternationalCIGICAReal estate$225M−5.2%
54Equinox GoldEQXCAMaterials$221M−34.7%
55BRPDOOCAIndustrials$209M+$364M
56Or RoyaltiesORCAMaterials$206M+1,166.9%
57FirstserviceFSVCAReal estate$191M+1.6%
58Algonquin Power & UtilitiesAQNCAUtilities$181M+$1.6B
59First Majestic SilverAGCAMaterials$165M+$267M
60Descartes SystemsDSGXCATechnology$164M+14.3%
61Bausch Health CompaniesBHCCAHealthcare$157M+$203M
62MethanexMEOHCAMaterials$145M−42.1%
63Aris MiningARISCAMaterials$78.3M+218.7%
64SprottSIICAFinancials$67.3M+36.6%
65EnerflexEFXTCAIndustrials$64.0M+100.0%
66BlackberryBBCATechnology$53.2M+$132M
67DoceboDCBOCATechnology$37.5M+40.3%
68ImaxIMAXCAConsumer discretionary$34.9M+33.7%
69Greenfire ResourcesGFRCAEnergy$34.0M−61.7%
70Obsidian EnergyOBECAEnergy$25.2M+$173M
71North American ConstructionNOACAEnergy$24.2M−24.7%
72Boyd Group ServicesBGSICAConsumer discretionary$18.4M−25.0%
73Precision DrillingPDSCAEnergy$1.3M−98.4%

All figures from SEC filings · FY2025 · 73

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

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