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Constellation Software Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Total Revenue 3.2B 2.9B 2.8B 2.7B 2.7B
Operating Revenue 3.2B 2.9B 2.8B 2.7B 2.7B
Cost Of Revenue 2.0B 1.8B 1.8B 1.7B 1.7B
Gross Profit 1.2B 1.1B 1.1B 947.0M 1.0B
Selling General And Administration 245.0M 221.0M 216.0M 195.0M 205.0M
General And Administrative Expense 245.0M 221.0M 216.0M 195.0M 205.0M
Depreciation And Amortization In Income Statement 370.0M 359.0M 336.0M 318.0M 320.0M
Operating Expense 615.0M 580.0M 552.0M 513.0M 525.0M
Operating Income 604.0M 544.0M 523.0M 434.0M 498.0M
EBIT 326.0M 303.0M 241.0M 290.0M 426.0M
Interest Expense 68.0M 64.0M 62.0M 63.0M 63.0M
Interest Expense Non Operating 68.0M 64.0M 62.0M 63.0M 63.0M
Interest Income 12.0M 14.0M 13.0M 12.0M 9.0M
Interest Income Non Operating 12.0M 14.0M 13.0M 12.0M 9.0M
Net Interest Income -13.0M -59.0M -48.0M -28.0M -61.0M
Other Income Expense -333.0M -247.0M -301.0M -180.0M -74.0M
Other Non Operating Income Expenses -265.0M -61.0M -182.0M -147.0M -109.0M
Special Income Charges -16.0M -11.0M -4.0M -3.0M -5.0M
Restructuring And Mergern Acquisition -4.0M -1.0M -5.0M 0.00 -6.0M
Gain On Sale Of Security -51.0M 85.0M -115.0M -30.0M 40.0M
Earnings From Equity Interest -1.0M -260.0M 0.00 0.00 0.00
Pretax Income 258.0M 239.0M 179.0M 227.0M 363.0M
Tax Provision 92.0M 77.0M 95.0M 87.0M 44.0M
Tax Effect Of Unusual Items -23.9M 23.7M -17.9M -12.5M 4.2M
Net Income From Continuing And Discontinued Operation 110.0M 210.0M 56.0M 115.0M 285.0M
Net Income From Continuing Operation Net Minority Interest 110.0M 210.0M 56.0M 115.0M 285.0M
Net Income Including Noncontrolling Interests 166.0M 162.0M 85.0M 140.0M 319.0M
Minority Interests -56.0M 48.0M -28.0M -24.0M -35.0M
Net Income Common Stockholders 110.0M 210.0M 56.0M 115.0M 285.0M
Net Income 110.0M 210.0M 56.0M 115.0M 285.0M
EBITDA 696.0M 662.0M 577.0M 608.0M 746.0M
Normalized EBITDA 763.0M 588.0M 696.0M 641.0M 711.0M
Reconciled Depreciation 370.0M 359.0M 336.0M 318.0M 320.0M
Basic EPS -- 9.89 2.66 5.44 --
Diluted EPS -- 9.89 2.66 5.44 --
Basic Average Shares -- 21.2M 21.2M 21.2M --
Diluted Average Shares -- 21.2M 21.2M 21.2M --
Total Unusual Items -67.0M 74.0M -119.0M -33.0M 35.0M
Total Unusual Items Excluding Goodwill -67.0M 74.0M -119.0M -33.0M 35.0M
Tax Rate For Calcs 0.36 0.32 0.15 0.38 0.12
Normalized Income 153.1M 159.7M 157.2M 135.5M 254.2M
Amortization 317.0M 307.0M 286.0M 272.0M 273.0M
Amortization Of Intangibles Income Statement 317.0M 307.0M 286.0M 272.0M 273.0M
Depreciation Amortization Depletion Income Statement 370.0M 359.0M 336.0M 318.0M 320.0M
Depreciation Income Statement 53.0M 52.0M 50.0M 46.0M 47.0M
Diluted NI Availto Com Stockholders 110.0M 210.0M 56.0M 115.0M 285.0M
Impairment Of Capital Assets 20.0M 12.0M 9.0M 3.0M 11.0M
Net Income Continuous Operations 166.0M 162.0M 84.0M 140.0M 319.0M
Net Non Operating Interest Income Expense -13.0M -59.0M -48.0M -28.0M -61.0M
Other Gand A 225.0M 204.0M 199.0M 178.0M 189.0M
Reconciled Cost Of Revenue 2.0B 1.8B 1.8B 1.7B 1.7B
Rent And Landing Fees 20.0M 17.0M 17.0M 17.0M 16.0M
Rent Expense Supplemental 20.0M 17.0M 17.0M 17.0M 16.0M
Salaries And Wages -- 1.5B 1.5B 1.4B 1.4B
Total Expenses 2.6B 2.4B 2.3B 2.2B 2.2B
Total Other Finance Cost -43.0M 9.0M -1.0M -23.0M 7.0M
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Cash And Cash Equivalents 3.1B 2.8B 2.6B 2.5B 2.0B
Cash Cash Equivalents And Short Term Investments 3.1B 2.8B 2.6B 2.5B 2.0B
Cash Financial -- 2.8B 2.6B 2.5B 2.0B
Other Short Term Investments 52.0M 34.0M 2.0M 11.0M 14.0M
Accounts Receivable 1.5B 1.3B 1.3B 1.4B 1.3B
Receivables 2.2B 2.1B 2.0B 2.0B 1.9B
Inventory 68.0M 74.0M 67.0M 58.0M 56.0M
Other Current Assets 376.0M 391.0M 384.0M 343.0M 317.0M
Current Assets 5.8B 5.8B 5.1B 4.9B 4.3B
Gross PPE 1.4B 619.0M 612.0M 568.0M 1.2B
Accumulated Depreciation -754.0M -- -- -- -621.0M
Net PPE 624.0M 619.0M 612.0M 568.0M 550.0M
Goodwill 1.8B 1.6B 1.6B 1.5B 1.5B
Goodwill And Other Intangible Assets 8.4B 8.0B 7.9B 7.5B 7.5B
Other Intangible Assets 6.6B 6.4B 6.3B 6.0B 6.0B
Investments And Advances 655.0M 258.0M 538.0M 368.0M 13.0M
Long Term Equity Investment 655.0M 258.0M 57.0M 15.0M 13.0M
Other Non Current Assets 217.0M 208.0M 197.0M 193.0M 206.0M
Total Non Current Assets 10.4B 9.5B 9.7B 9.0B 8.6B
Total Assets 16.2B 15.3B 14.7B 13.9B 12.8B
Current Debt 1.4B 1.1B 825.0M 784.0M 622.0M
Current Debt And Capital Lease Obligation 1.5B 1.3B 955.0M 903.0M 737.0M
Accounts Payable 1.9B 1.7B 1.5B 1.4B 1.6B
Payables 2.3B 2.1B 1.8B 1.8B 1.9B
Payables And Accrued Expenses 2.3B 2.1B 1.8B 1.8B 1.9B
Current Deferred Revenue 2.2B 2.3B 2.4B 2.5B 2.0B
Other Current Liabilities -- -1.0M -1.0M 1.0M -1.0M
Current Liabilities 6.1B 5.7B 5.2B 5.3B 4.7B
Long Term Debt 4.0B 3.9B 3.9B 3.6B 3.5B
Long Term Debt And Capital Lease Obligation 4.3B 4.2B 4.2B 3.8B 3.8B
Long Term Capital Lease Obligation 282.0M 291.0M 291.0M 266.0M 252.0M
Other Non Current Liabilities 332.0M 274.0M 255.0M 234.0M 211.0M
Total Non Current Liabilities Net Minority Interest 5.8B 5.5B 5.5B 5.0B 4.9B
Total Liabilities Net Minority Interest 11.9B 11.2B 10.7B 10.3B 9.6B
Common Stock 99.0M 99.0M 99.0M 99.0M 99.0M
Capital Stock 99.0M 99.0M 99.0M 99.0M 99.0M
Retained Earnings 3.3B 3.3B 3.1B 3.0B 2.9B
Gains Losses Not Affecting Retained Earnings 130.0M 112.0M 129.0M -63.0M -224.0M
Other Equity Adjustments 130.0M 112.0M 129.0M -63.0M -224.0M
Common Stock Equity 3.6B 3.5B 3.3B 3.0B 2.8B
Stockholders Equity 3.6B 3.5B 3.3B 3.0B 2.8B
Total Equity Gross Minority Interest 4.3B 4.1B 4.0B 3.6B 3.3B
Minority Interest 692.0M 634.0M 686.0M 595.0M 493.0M
Total Capitalization 7.6B 7.3B 7.2B 6.6B 6.3B
Net Tangible Assets -4.8B -4.6B -4.6B -4.4B -4.7B
Tangible Book Value -4.8B -4.6B -4.6B -4.4B -4.7B
Working Capital -271.0M 91.0M -144.0M -312.0M -370.0M
Invested Capital 8.9B 8.5B 8.0B 7.4B 7.0B
Total Debt 5.8B 5.4B 5.2B 4.7B 4.5B
Net Debt 2.3B 2.2B 2.2B 1.9B 2.2B
Share Issued 21.2M 21.2M 21.2M 21.2M 21.2M
Ordinary Shares Number 21.2M 21.2M 21.2M 21.2M 21.2M
Allowance For Doubtful Accounts Receivable -111.0M -- -- -- -111.0M
Available For Sale Securities -- -- 481.0M 353.0M --
Buildings And Improvements 650.0M -- -- -- 565.0M
Capital Lease Obligations 423.0M 427.0M 421.0M 385.0M 367.0M
Current Capital Lease Obligation 141.0M 136.0M 130.0M 119.0M 115.0M
Current Deferred Liabilities 2.2B 2.3B 2.4B 2.5B 2.0B
Current Notes Payable -- -- -- 0.00 --
Current Provisions 17.0M 13.0M 23.0M 23.0M 22.0M
Dividends Payable 21.0M 21.0M 21.0M 21.0M 21.0M
Finished Goods 47.0M -- -- -- 38.0M
Gross Accounts Receivable 1.6B -- -- -- 1.4B
Hedging Assets Current -- 119.0M 5.0M 6.0M --
Income Tax Payable 150.0M 142.0M 112.0M 130.0M 110.0M
Investmentin Financial Assets -- -- 481.0M 353.0M --
Leases 72.0M -- -- -- 70.0M
Line Of Credit -- 0.00 250.0M 268.0M --
Machinery Furniture Equipment 650.0M -- -- -- 531.0M
Non Current Accounts Receivable 19.0M 19.0M 16.0M 15.0M 21.0M
Non Current Deferred Assets 465.0M 392.0M 380.0M 332.0M 313.0M
Non Current Deferred Liabilities 1.0B 899.0M 899.0M 803.0M 760.0M
Non Current Deferred Revenue 119.0M 114.0M 112.0M 111.0M 89.0M
Non Current Deferred Taxes Assets 355.0M 288.0M 281.0M 237.0M 222.0M
Non Current Deferred Taxes Liabilities 890.0M 785.0M 787.0M 692.0M 671.0M
Other Current Borrowings 1.4B 1.1B 575.0M 516.0M 622.0M
Other Payable 224.0M 223.0M 183.0M 216.0M 215.0M
Other Properties 6.0M 619.0M 612.0M 568.0M 5.0M
Other Receivables 451.0M 500.0M 469.0M 411.0M 375.0M
Properties 0.00 -- -- -- 0.00
Raw Materials 15.0M -- -- -- 13.0M
Restricted Cash -- 299.0M -- -- --
Taxes Receivable 297.0M 313.0M 292.0M 273.0M 258.0M
Total Tax Payable 150.0M 142.0M 112.0M 130.0M 110.0M
Tradeand Other Payables Non Current 208.0M 193.0M 165.0M 145.0M 133.0M
Work In Process 6.0M -- -- -- 5.0M
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Operating Cash Flow 788.0M 685.0M 433.0M 827.0M 678.0M
Cash Flow From Continuing Operating Activities 789.0M 686.0M 435.0M 826.0M 677.0M
Depreciation And Amortization 370.0M 359.0M 336.0M 318.0M 320.0M
Depreciation Amortization Depletion 370.0M 359.0M 336.0M 318.0M 320.0M
Deferred Tax 92.0M 77.0M 95.0M 87.0M 44.0M
Deferred Income Tax 92.0M 77.0M 95.0M 87.0M 44.0M
Change In Working Capital -4.0M -47.0M -185.0M 230.0M -8.0M
Changes In Account Receivables -127.0M 41.0M 175.0M -34.0M -147.0M
Change In Receivables -67.0M 17.0M 143.0M -61.0M -94.0M
Change In Inventory 9.0M -2.0M 1.0M 0.00 12.0M
Change In Payables And Accrued Expense 170.0M 133.0M -51.0M -171.0M 160.0M
Change In Other Working Capital -131.0M -160.0M -228.0M 488.0M -59.0M
Change In Other Current Assets 10.0M -26.0M -8.0M -49.0M -6.0M
Change In Other Current Liabilities 5.0M -9.0M -42.0M 23.0M -21.0M
Other Non Cash Items 218.0M 78.0M 170.0M 126.0M 129.0M
Capital Expenditure -21.0M -16.0M -16.0M -15.0M -25.0M
Purchase Of PPE -21.0M -16.0M -16.0M -15.0M -25.0M
Net PPE Purchase And Sale -21.0M -16.0M -16.0M -15.0M -25.0M
Purchase Of Business -558.0M -351.0M -494.0M -110.0M -629.0M
Sale Of Business 73.0M 44.0M 45.0M 11.0M 75.0M
Purchase Of Investment -355.0M -36.0M -14.0M -175.0M -3.0M
Sale Of Investment 34.0M 0.00 15.0M 0.00 0.00
Net Investment Purchase And Sale -321.0M -36.0M 1.0M -175.0M -3.0M
Investing Cash Flow -530.0M -634.0M -446.0M -271.0M -574.0M
Cash Flow From Continuing Investing Activities -530.0M -635.0M -447.0M -271.0M -575.0M
Issuance Of Debt 44.0M 378.0M 341.0M 58.0M -79.0M
Repayment Of Debt -73.0M -142.0M -237.0M -61.0M -65.0M
Net Issuance Payments Of Debt 101.0M 236.0M 104.0M -3.0M -71.0M
Common Stock Dividend Paid -21.0M -21.0M -21.0M -21.0M -21.0M
Financing Cash Flow 56.0M 147.0M 43.0M -91.0M -136.0M
Cash Flow From Continuing Financing Activities 54.0M 147.0M 44.0M -91.0M -133.0M
Effect Of Exchange Rate Changes 5.0M -3.0M 68.0M 33.0M -59.0M
Changes In Cash 314.0M 198.0M 30.0M 464.0M -30.0M
Beginning Cash Position 2.8B 2.6B 2.5B 2.0B 2.1B
End Cash Position 3.1B 2.8B 2.6B 2.5B 2.0B
Free Cash Flow 767.0M 669.0M 417.0M 812.0M 653.0M
Amortization Cash Flow 317.0M 307.0M 286.0M 272.0M 273.0M
Amortization Of Intangibles 317.0M 307.0M 286.0M 272.0M 273.0M
Asset Impairment Charge 20.0M 12.0M 9.0M 3.0M 11.0M
Cash Dividends Paid -21.0M -21.0M -21.0M -21.0M -21.0M
Depreciation 53.0M 52.0M 50.0M 46.0M 47.0M
Earnings Losses From Equity Investments 1.0M 260.0M 0.00 0.00 0.00
Gain Loss On Investment Securities 9.0M -71.0M 1.0M -5.0M --
Interest Paid Cff -47.0M -63.0M -36.0M -66.0M -41.0M
Interest Received Cfi 12.0M 13.0M 20.0M 11.0M 8.0M
Long Term Debt Issuance 44.0M 378.0M 341.0M 58.0M -79.0M
Long Term Debt Payments -73.0M -142.0M -237.0M -61.0M -65.0M
Net Business Purchase And Sale -485.0M -307.0M -449.0M -99.0M -554.0M
Net Foreign Currency Exchange Gain Loss 22.0M -17.0M 118.0M 32.0M -42.0M
Net Income From Continuing Operations 166.0M 162.0M 85.0M 140.0M 319.0M
Net Long Term Debt Issuance -29.0M 236.0M 104.0M -3.0M -144.0M
Net Other Financing Charges 23.0M -5.0M -4.0M -1.0M -3.0M
Net Other Investing Changes 285.0M -288.0M -2.0M 7.0M 0.00
Net Short Term Debt Issuance 130.0M 0.00 0.00 0.00 73.0M
Operating Gains Losses 32.0M 172.0M 119.0M 27.0M -42.0M
Taxes Refund Paid -126.0M -131.0M -192.0M -107.0M -97.0M
Unrealized Gain Loss On Investment Securities 20.0M 3.0M -4.0M 3.0M 2.0M
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