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    Independent Power Producers
Capital Power Corporation

Capital Power Corporation

CPX.TO
Capital Power CorporationCA flagToronto Stock Exchange
74.40
CAD
+1.49
- -
11.64BMarket Cap
Capital Power Corporation
CPX.TO
(Toronto Stock Exchange)

Recent

price

74.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
79.41
1.79
19.4
19.13
14.92
12.87
12.62
11.38
13.76
18.82
18.39
17.76
25.13
36.58
29.29
20.46
23.62
Revenue per Share
0.77
1.6
0.84
2.13
0.28
0.7
0.91
1.07
2.17
0.73
0.78
0.39
0.85
6.07
5.16
0.73
2.92
Basic EPS, GAAP
2.79
-0.72
-5.33
-6.1
2.08
2.89
0.64
1.53
0.92
0.81
2.78
2.19
2.17
0.85
0.57
0.54
-0.2
Free Cash Flow per Basic Share
1.8
1.54
1.02
1.13
1.09
1.33
1.73
1.93
2.11
2.28
2.3
1.95
2.54
2.48
2.18
1.86
2.18
Dividend per Share
0.36
34.23
24.45
26.74
23.72
22.93
22.18
22.57
21.08
20.53
19.35
19.7
17.68
21.5
29.28
23.29
33.67
Book Value per Share
83.69
50.91
32.27
30.31
26.29
20.6
19.95
18.06
16.88
12.97
11.42
11.8
8.92
15.45
26.17
20.77
30.1
Tangible Book Value per Share
22
44
67
73
82
96
96
101
103
104
105
112
117
117
129
182
140
Basic Weighted Avg Shares
1,762
79
1,296
1,393
1,228
1,241
1,214
1,146
1,417
1,963
1,937
1,990
2,929
4,282
3,776
3,720
3,312
Sales/Revenue/Turnover
10.22
-1,820.25
17.05
20.82
19.06
19.66
21.75
19.28
19.62
32.76
22.35
16.98
10.58
24.29
21.45
10.03
12.5
Operating Margin (%)
241
229
215
206
176
210
214
270
333
469
473
534
553
574
503
580
525
Depreciation Expense
17
77
62
175
46
90
111
144
265
125
136
98
138
744
699
160
438
Net Income, GAAP
- -
- -
- -
16.48
70.41
43.42
22.73
- -
25.86
- -
38.68
40.82
9.22
21.68
22.02
4.79
17.33
Effective Tax Rate (%)
0.96
97.47
4.78
12.56
3.75
7.25
9.14
12.57
18.7
6.37
7.02
4.92
4.71
17.38
18.51
4.3
13.22
Profit Margin (%)
-118
47
223
-166
-383
-109
6
-94
-9
-571
7
-19
-526
585
595
-93
-120
Working Capital
1,634
1,452
1,640
1,181
987
1,297
1,327
1,924
2,208
2,661
3,278
3,371
3,739
4,266
4,953
6,537
6,538
LT Debt
2,612
2,595
2,752
3,004
3,003
2,816
2,901
3,062
3,053
3,101
2,929
2,859
2,460
3,186
4,571
4,849
4,871
Total Equity
- -
-33.53
- -
5.41
1.52
3.05
4.59
- -
3.76
- -
3.99
3.07
4.42
11.32
7.13
3.32
3.26
Return on Invested Capital (%)
- -
1.14
- -
4.01
1.22
3.12
4.05
- -
6.45
- -
3.65
2.91
4.22
12.1
10.07
4.29
6.27
Return on Capital (%)
226.67
9.32
3.56
8.66
1.18
3.22
4.05
4.9
10.03
3.53
3.92
2.07
4.64
31.02
21.14
3.3
9.77
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
157
467
558
LT Borrowings
4,819
4,472
6,383
LT Finance Leases
134
133
155
Preferred Equity and Hybrid Capital
453
- -
- -
Shares Outstanding
139
139
155
Market Capitalization
8,145
6,361
7,684

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
1,948
1,805
1,502
Cash, Cash Equivalents & STI
851
689
308
Accounts Receivable, Net
109
617
575
Inventories
235
207
204
Total Current Liabilities
1,353
1,513
1,622
Payables & Accruals
751
694
626
ST Debt
157
467
558
Deferred Revenue
4
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.7%
12.54%
6.08%
Free Cash Flow
19.97%
-13.36%
32.43%
Net Income, GAAP
46.19%
73.77%
-77.11%
Sales/Revenue/Turnover
13.59%
16.56%
-1.48%
Total Cash Common Dividend
13.04%
13.11%
25.91%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,119
774
1,030
853
3,776
2025
988
441
1,078
- -
3,720
2026
1,205
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.58
0.51
1.32
- -
5.16
2025
1.03
-0.92
-0.12
- -
0.73
2026
0.04
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.53
0.55
0.52
- -
2.18
2025
0.59
0.52
0.58
- -
1.86
2026
0.58
- -
- -
- -
- -
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Business
Capital Power Corporation (TSX: CPX) develops, acquires, owns and operates power generation facilities across North America, producing electricity from natural gas, wind, solar, waste heat, landfill gas and battery energy storage; it also engages in energy marketing and origination services including electricity and green products, full- and self-retail options, energy management, budget forecasting and market information for industrial and commercial customers. Headquartered in Edmonton, Alberta, with roots tracing to 1891, the company operates approximately 12 GW of capacity at 32 facilities plus battery storage in Canada and the United States, serving independent transmission system operators, government entities and private consumers through thermal, renewable and flexible generation assets such as the Genesee Repowering project, La Paloma, Harquahala, Hummel Station, Rolling Hills, Midland Cogeneration Venture, Goreway, Strathmore Solar, Clydesdale Solar and Halkirk Wind. Recent developments include the completion of its largest acquisition to date with the US$2.2 billion purchase of the 2.2 GW Hummel and Rolling Hills natural gas facilities in PJM in June 2025, commissioning of the 120-MW York and 50-MW Goreway battery energy storage systems in Ontario in September 2025, execution of a new long-term contract for the Midland Cogeneration Venture with Consumers Energy in September 2025, a C$600 million medium-term note offering in November 2025 and Genesee Repowering achieving commercial operations in December 2024 five years ahead of coal phase-out mandates, enhancing its position as one of North America's top five independent power producers with over 10 GW of natural gas capacity.