Canada's Cargojet Q4 revenue eases past expectations

Cargojet

24/02/2026 22:53

Corrects first bullet in the Overview section to say Q4 revenue fell, not rose

Overview

Canada air cargo provider's Q4 revenue fell, beat analyst expectations

Adjusted EBITDA for Q4 increased by 3.6% yr/yr, driven by cost reductions

Net earnings for Q4 fell 62.6% due to higher finance costs

Result Drivers

DOMESTIC REVENUE GROWTH - Domestic revenue increased by 16.9% yr/yr, offsetting declines in ACMI and Charter revenues

COST REDUCTIONS - Adjusted EBITDA growth driven by lower direct and SG&A costs excluding depreciation and share-based compensation

OPERATIONAL EFFICIENCY - Achieved 99% on-time performance despite challenging winter conditions

Company press release: ID:nCNW08pdqa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
C$284.70 mln
C$255.20 mln (12 Analysts)
Q4 Net Income
C$26.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy"

Wall Street's median 12-month price target for Cargojet Inc is C$110.00, about 20.6% above its February 24 closing price of C$91.19

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)