Constellation Software Inc.

Constellation Software Inc.

1,755.00
EUR
+6.00
(+0.34%)
42.58EPS
41.47P/E
34.88BMarket Cap
Nov 06Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
57.13
78.77
86.75
100.28
117
144.44
164.64
187.29
240.99
312.48
396.62
475
548.47
596.41
Basic EPS, GAAP
4.39
4.86
8.36
9.76
10.47
17.88
15.71
20.57
14.63
24.16
26.66
34.49
24.16
45.34
Free Cash Flow per Basic Share
9.87
15.46
18.08
22.26
23.98
30.06
34.59
54.79
59.98
59.27
81.97
100.46
125.71
130.75
Dividend per Share
4
4
4
4
4
4.01
24.02
4.01
5.05
5.43
4.01
7.03
4.01
3.96
Book Value per Share
12.55
12.26
15.92
21.59
28.51
40.87
32.42
49.45
50.02
80.79
88.53
131.85
168.75
194.94
Tangible Book Value per Share
-33.77
-29.62
-29.01
-25.3
-27.23
-32.23
-61.86
-60.17
-111.79
-139.21
-226.46
-219.9
-227.07
-254.44
Basic Weighted Avg Shares
21
21
21
21
21
21
21
21
21
21
21
21
21
21
Sales/Revenue/Turnover
1,211
1,669
1,838
2,125
2,479
3,061
3,489
3,969
5,107
6,622
8,405
10,066
11,623
12,640
Operating Margin (%)
11.09
11.93
16
17.34
17.72
17.35
16.71
18.57
18.33
15.61
15.74
16.34
18.14
17.86
Depreciation Expense
129
190
197
213
253
306
423
508
639
819
1,021
1,226
1,383
1,514
Net Income, GAAP
93
103
177
207
222
379
333
436
310
512
565
731
512
961
Effective Tax Rate (%)
21.24
33.43
27.45
27.8
30.83
21.81
26.97
27.69
55.08
24.14
76.98
24.13
37.59
26.72
Profit Margin (%)
7.69
6.18
9.64
9.73
8.95
12.38
9.54
10.99
6.07
7.73
6.72
7.26
4.41
7.6
Working Capital
-697
-348
-213
-99
-179
-137
-670
-455
-626
-1,306
-2,144
-370
-271
-634
LT Debt
- -
228
346
339
237
317
562
821
1,105
1,371
2,484
3,796
4,280
4,341
Total Equity
266
260
337
458
604
866
687
1,048
1,520
1,933
1,961
3,287
4,268
4,875
Return on Invested Capital (%)
17.39
17.78
30.85
35.48
35.14
42.99
34.31
29.5
16.44
22.03
6.3
18.37
14.46
16.19
Return on Capital (%)
18.31
17.17
30.46
29.84
27.28
36.71
27.07
26.49
19.07
15.17
22.42
13.1
6.69
10.97
Return on Common Equity (%)
35.49
39.21
59.37
52.03
41.8
51.56
42.88
50.26
29.41
36.94
31.49
31.31
16.08
25.88

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,507
1,389
1,486
LT Borrowings
3,998
3,884
4,046
LT Finance Leases
282
289
295
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
21
21
21
Market Capitalization
51,914
37,185
39,851

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,803
5,956
5,925
Cash, Cash Equivalents & STI
3,141
3,013
2,892
Accounts Receivable, Net
1,470
1,630
1,613
Inventories
68
83
77
Total Current Liabilities
6,074
6,532
6,559
Payables & Accruals
2,336
2,235
2,394
ST Debt
1,507
1,389
1,486
Deferred Revenue
2,214
2,891
2,654

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
31.4%
34.22%
29.84%
Free Cash Flow
22.4%
18.86%
25.13%
Net Income, GAAP
15.96%
9.21%
-29.96%
Sales/Revenue/Turnover
20.4%
24.1%
15.47%
Total Cash Common Dividend
- -
7.92%
-42.95%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,354
2,469
2,542
2,703
10,066
2025
2,653
2,843
2,947
3,177
11,623
2026
3,181
3,335
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.95
8.35
7.74
13.44
34.49
2025
6.42
2.64
9.91
5.19
24.16
2026
17.32
12.93
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.01
0.99
0.99
0.99
7.03
2025
0.99
0.99
0.99
0.99
4.01
2026
0.99
0.99
- -
- -
- -

Company Description

CEO
Mark Miller
Full Time Employees
69,000
Sector
Technology services
Industry
Packaged software
Address
TD Bank Tower Toronto ON Canada M5K 1E6
IPO Date
May 23, 2006
Business
Constellation Software Inc. is a Canada-based provider of software and services to vertical market industries, specializing in acquiring, managing, and building vertical market software (VMS) businesses that deliver mission-critical software solutions. The company offers a broad portfolio of products and services including software development, installation, customization, professional services, and ongoing support across diverse sectors such as healthcare, public services, financial services, construction, and industrial markets. Its software offerings include enterprise resource planning (ERP) systems, customer relationship management (CRM) solutions, billing and revenue management software, and specialized niche applications tailored to specific verticals. Headquartered in Toronto, Canada, and founded in 1995, Constellation operates globally with a strong presence in Canada, the United States, the United Kingdom, Europe, Brazil, and other international markets. The company serves both public and private sector customers, deploying software solutions essential for operational efficiency and regulatory compliance. It manages a decentralized model with multiple operating groups and subsidiaries, each focused on particular industries, allowing it to maintain deep market expertise and deliver tailored solutions. Recent major developments include significant acquisitions in various vertical sectors, notably the completion of several deals in 2024 and 2025 amounting to an aggregate cash consideration of approximately $475 million, with total consideration including deferred payments at around $620 million. These acquisitions include Brazil-based Matrix Sistemas e Serviços Ltda., marking Perseus Operating Group’s entry into the Brazilian healthcare market, complementing its established presence in the US, Canada, UK, and EU healthcare sectors. Additionally, subsidiaries such as Jonas Software ANZ and Vesta Software Group have expanded their portfolios through acquisitions of companies like RxOne, Fidelity Systems, and Mine Tech Services, further broadening Constellation’s offerings in healthcare, ticketing, and industrial markets. The company maintains a strategic focus on expanding its global footprint through targeted investments and product innovation while sustaining strong organic growth. Constellation continues to emphasize its acquisition-driven growth strategy, complemented by operational excellence and technological advancements including AI integration, to enhance its software capabilities and meet evolving customer needs. The company employs approximately 45,000 people worldwide and reported total revenues exceeding CAD 10 billion for the year ended 2024, reflecting about 20% growth year-over-year. It remains a leading software provider to vertical markets with a wide range of specialized business applications and ongoing expansion into new sectors and geographies.

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