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.
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.
| # | Company | Net income | YoY | 15-year trend |
|---|---|---|---|---|
| 1 | Toronto Dominion BankTDCAFinancials | $14.7B | +127.7% | |
| 2 | Royal Bank of CanadaRYCAFinancials | $14.6B | +23.0% | |
| 3 | Canadian Natural ResourcesCNQCAEnergy | $7.7B | +73.7% | |
| 4 | Bank of MontrealBMOCAFinancials | $6.2B | +16.6% | |
| 5 | Canadian Imperial Bank of CommerceCMCAFinancials | $6.0B | +16.1% | |
| 6 | Bank of Nova ScotiaBNSCAFinancials | $5.6B | −1.6% | |
| 7 | EnbridgeENBCAEnergy | $5.4B | +34.9% | |
| 8 | Barrick MiningBCAMaterials | $5.0B | +132.9% | |
| 9 | Rogers CommunicationsRCICACommunication services | $4.9B | +289.7% | |
| 10 | BceBCECACommunication services | $4.7B | +1,602.5% | |
| 11 | Agnico Eagle MinesAEMCAMaterials | $4.5B | +135.4% | |
| 12 | Suncor EnergySUCAEnergy | $4.2B | −3.6% | |
| 13 | Manulife FinancialMFCCAFinancials | $4.0B | +1.4% | |
| 14 | Canadian National RailwayCNICAIndustrials | $3.4B | +4.0% | |
| 15 | Canadian Pacific Kansas CityCPCAIndustrials | $3.0B | +9.2% | |
| 16 | Cenovus EnergyCVECAEnergy | $2.8B | +22.6% | |
| 17 | Sun Life FinancialSLFCAFinancials | $2.5B | +11.2% | |
| 18 | TC EnergyTRPCAUtilities | $2.5B | −26.6% | |
| 19 | Kinross GoldKGCCAMaterials | $2.4B | +151.9% | |
| 20 | Imperial OilIMOCAEnergy | $2.3B | −33.1% | |
| 21 | NutrienNTRCAMaterials | $2.3B | +236.4% | |
| 22 | Lululemon AthleticaLULUCAConsumer discretionary | $1.6B | −13.0% | |
| 23 | Thomson ReutersTRICACommunication services | $1.5B | −32.0% | |
| 24 | Wheaton Precious MetalsWPMCAMaterials | $1.5B | +178.1% | |
| 25 | FortisFTSCAUtilities | $1.4B | +5.1% | |
| 26 | BrookfieldBNCAReal estate | $1.3B | +103.9% | |
| 27 | ShopifySHOPCATechnology | $1.2B | −39.0% | |
| 28 | Pembina PipelinePBACAEnergy | $1.2B | −10.9% | |
| 29 | Franco NevadaFNVCAMaterials | $1.1B | +101.4% | |
| 30 | Waste ConnectionsWCNCAUtilities | $1.1B | +74.3% | |
| 31 | Teck ResourcesTECKCAMaterials | $1.0B | +238.2% | |
| 32 | Pan American SilverPAASCAMaterials | $980M | +767.3% | |
| 33 | Hydro OneHRNNFCAUtilities | $966M | +13.5% | |
| 34 | Alamos GoldAGICAMaterials | $886M | +211.6% | |
| 35 | CelesticaCLSCATechnology | $833M | +94.5% | |
| 36 | Magna InternationalMGACAConsumer discretionary | $829M | −17.8% | |
| 37 | TelusTUCACommunication services | $797M | +9.9% | |
| 38 | EmeraEMACAUtilities | $780M | +88.1% | |
| 39 | IamgoldIAGCAMaterials | $732M | −13.6% | |
| 40 | Hudbay MineralsHBMCAMaterials | $569M | +641.2% | |
| 41 | Eldorado GoldEGOCAMaterials | $507M | +75.4% | |
| 42 | Open TextOTEXCATechnology | $436M | −6.3% | |
| 43 | South BowSOBOCAEnergy | $433M | +37.0% | |
| 44 | RB GlobalRBACATechnology | $428M | +3.7% | |
| 45 | CamecoCCJCAMaterials | $422M | +236.2% | |
| 46 | Gildan ActivewearGILCAConsumer discretionary | $399M | −0.5% | |
| 47 | StantecSTNCAIndustrials | $343M | +30.0% | |
| 48 | Tfi InternationalTFIICAIndustrials | $311M | −26.5% | |
| 49 | Fortuna MiningFSMCAMaterials | $287M | +123.3% | |
| 50 | Aurinia PharmaceuticalsAUPHCAHealthcare | $287M | +4,851.7% | |
| 51 | Ero CopperEROCAMaterials | $264M | +$332M | |
| 52 | Triple Flag Precious MetalsTFPMCAFinancials | $240M | +$263M | |
| 53 | Colliers InternationalCIGICAReal estate | $225M | −5.2% | |
| 54 | Equinox GoldEQXCAMaterials | $221M | −34.7% | |
| 55 | BRPDOOCAIndustrials | $209M | +$364M | |
| 56 | Or RoyaltiesORCAMaterials | $206M | +1,166.9% | |
| 57 | FirstserviceFSVCAReal estate | $191M | +1.6% | |
| 58 | Algonquin Power & UtilitiesAQNCAUtilities | $181M | +$1.6B | |
| 59 | First Majestic SilverAGCAMaterials | $165M | +$267M | |
| 60 | Descartes SystemsDSGXCATechnology | $164M | +14.3% | |
| 61 | Bausch Health CompaniesBHCCAHealthcare | $157M | +$203M | |
| 62 | MethanexMEOHCAMaterials | $145M | −42.1% | |
| 63 | Aris MiningARISCAMaterials | $78.3M | +218.7% | |
| 64 | SprottSIICAFinancials | $67.3M | +36.6% | |
| 65 | EnerflexEFXTCAIndustrials | $64.0M | +100.0% | |
| 66 | BlackberryBBCATechnology | $53.2M | +$132M | |
| 67 | DoceboDCBOCATechnology | $37.5M | +40.3% | |
| 68 | ImaxIMAXCAConsumer discretionary | $34.9M | +33.7% | |
| 69 | Greenfire ResourcesGFRCAEnergy | $34.0M | −61.7% | |
| 70 | Obsidian EnergyOBECAEnergy | $25.2M | +$173M | |
| 71 | North American ConstructionNOACAEnergy | $24.2M | −24.7% | |
| 72 | Boyd Group ServicesBGSICAConsumer discretionary | $18.4M | −25.0% | |
| 73 | Precision DrillingPDSCAEnergy | $1.3M | −98.4% |
All figures from SEC filings · FY2025 · 73
see sources
- Toronto Dominion Bank 0001562762-25-000289
- Royal Bank of Canada 0001193125-25-305927
- Canadian Natural Resources 0001017413-26-000018
- Bank of Montreal 0001193125-25-307982
- Canadian Imperial Bank of Commerce 0001193125-25-307488
- Bank of Nova Scotia 0001193125-25-304643
- Enbridge 0001193125-26-049810
- Barrick Mining 0001193125-26-079253
- Rogers Communications 0000733099-26-000009
- Bce 0001193125-26-095004
- Agnico Eagle Mines 0001104659-26-032153
- Suncor Energy 0001104659-26-020411
- Manulife Financial 0001086888-26-000003
- Canadian National Railway 0000016868-26-000011
- Canadian Pacific Kansas City 0000016875-26-000008
- Cenovus Energy 0001475260-26-000008
- Sun Life Financial 0001097362-26-000010
- TC Energy 0001232384-26-000015
- Kinross Gold 0001104659-26-035268
- Imperial Oil 0000049938-26-000009
- Nutrien 0001193125-26-081326
- Lululemon Athletica 0001213900-26-058095
- Thomson Reuters 0001193125-26-094222
- Wheaton Precious Metals 0001193125-26-134908
- Fortis 0001666175-26-000013
- Brookfield 0001001085-26-000006
- Shopify 0001594805-26-000007
- Pembina Pipeline 0001546066-26-000014
- Franco Nevada 0001104659-26-032133
- Waste Connections 0001104659-26-013700
- Teck Resources 0000886986-26-000004
- Pan American Silver 0000771992-26-000019
- Hydro One 0001628280-26-008009
- Alamos Gold 0001178819-26-000048
- Celestica 0001030894-26-000018
- Magna International 0001193125-26-128771
- Telus 0001104659-26-013854
- Emera 0001193125-26-062876
- Iamgold 0001628280-26-008683
- Hudbay Minerals 0001062993-26-001648
- Eldorado Gold 0000918608-26-000007
- Open Text 0001002638-26-000068
- South Bow 0002019061-26-000006
- RB Global 0001628280-26-011682
- Cameco 0001193125-26-116229
- Gildan Activewear 0001061894-26-000006
- Stantec 0001131383-26-000007
- Tfi International 0001193125-26-054689
- Fortuna Mining 0001104659-26-035151
- Aurinia Pharmaceuticals 0001600620-26-000039
- Ero Copper 0001628280-26-022073
- Triple Flag Precious Metals 0001104659-26-036188
- Colliers International 0001171843-26-000984
- Equinox Gold 0001628280-26-022120
- BRP 0001193125-26-125055
- Or Royalties 0001062993-26-001696
- Firstservice 0001171843-26-000985
- Algonquin Power & Utilities 0001174169-26-000015
- First Majestic Silver 0001062993-26-001765
- Descartes Systems 0001104659-26-026450
- Bausch Health Companies 0001140361-26-013816
- Methanex 0001628280-26-015362
- Aris Mining 0001964504-26-000012
- Sprott 0001628280-26-009474
- Enerflex 0001193125-26-072743
- Blackberry 0001070235-26-000039
- Docebo 0001628280-26-012566
- Imax 0001628280-26-027220
- Greenfire Resources 0001213900-26-027268
- Obsidian Energy 0001193125-26-058652
- North American Construction 0001368519-26-000005
- Boyd Group Services 0001193125-26-112466
- Precision Drilling 0001013605-26-000014
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{{cite web |title=Most profitable companies in Canada |url=https://companiesranked.com/en/most-profitable-companies-in-canada |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Most profitable companies in Canada. CompaniesRanked. https://companiesranked.com/en/most-profitable-companies-in-canadaBibTeX
@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}
}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.