Exchange Income Corporation

Exchange Income Corporation

EIFZF
Exchange Income CorporationUS flagOther OTC
88.96
USD
+3.67
- -
5.01BMarket Cap
Exchange Income Corporation
EIFZF
(Other OTC)

Recent

price

88.96

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
18.92
30.4
39.94
23.86
24.52
32.75
31.65
32.72
38.25
41.35
32.8
37.92
51.04
55.56
55.95
62.7
65.32
Revenue per Share
1.07
1.24
1.26
0.42
0.37
1.63
2.18
2.33
2.25
2.58
0.8
1.84
2.72
2.72
2.55
3.2
3.54
Basic EPS, GAAP
-1.65
0.82
-1.17
-0.31
4.5
-1.93
-4.59
-4.61
-0.85
-1.16
3.24
0.15
-0.78
-3.39
-2.81
-1.57
-1.26
Free Cash Flow per Basic Share
1.57
1.61
1.63
1.68
1.69
1.83
2
2.1
2.18
2.24
2.28
2.29
2.42
2.55
2.65
2.68
2.73
Dividend per Share
2.09
12.9
14.12
13.26
12.03
15.32
14.94
17.08
16.85
20.29
17.92
19.66
22.6
25.63
26.76
31.69
31.27
Book Value per Share
9.73
7.98
9.61
7.12
7.15
3.56
4.23
4.96
4.83
6.33
3.61
3.56
2.29
4.45
4.58
11.26
10.78
Tangible Book Value per Share
13
17
20
21
22
25
28
31
31
32
35
37
40
45
48
52
53
Basic Weighted Avg Shares
244
510
801
509
543
807
891
1,013
1,203
1,341
1,150
1,413
2,059
2,498
2,660
3,277
3,476
Sales/Revenue/Turnover
11.32
8.67
7.01
7.35
8.07
11.72
13.3
12.81
11.6
11.84
8.85
10.15
11.5
11.6
11.94
11.27
11
Operating Margin (%)
17
31
38
48
54
85
94
119
138
170
183
186
220
266
310
385
408
Depreciation Expense
14
21
25
9
8
40
61
72
71
84
28
69
110
122
121
168
188
Net Income, GAAP
29.7
30.91
34.33
44.48
155.96
32.45
29.35
24.29
20.31
20.98
34.76
27.24
27.6
25.01
27.83
26.58
25.47
Effective Tax Rate (%)
5.63
4.07
3.17
1.76
1.52
4.98
6.9
7.12
5.88
6.24
2.44
4.85
5.33
4.9
4.56
5.11
5.41
Profit Margin (%)
40
67
157
257
96
135
178
237
301
308
324
225
465
541
628
568
560
Working Capital
50
163
229
435
272
508
658
790
980
1,121
1,184
1,170
1,747
1,970
2,293
2,376
2,455
LT Debt
178
226
295
306
300
447
486
578
617
730
686
800
1,019
1,245
1,410
1,762
1,788
Total Equity
9.97
9.84
7.97
3.25
-3.71
8.36
7.96
7.63
7.36
7.23
3.52
5.23
7
7.17
6.54
6.83
7.08
Return on Invested Capital (%)
29.31
12.77
7.74
3.04
-0.6
8.49
8.42
8.15
7.75
7.84
3.37
5.53
7.06
7.25
6.53
6.86
7.3
Return on Capital (%)
- -
17.04
10.15
3.18
3.01
12.5
15.41
15.2
13.37
14.08
4.36
10.08
13.34
11.85
10
11.44
12.56
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
34
57
59
LT Borrowings
2,255
2,175
2,258
LT Finance Leases
217
202
197
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
54
56
56
Market Capitalization
3,655
4,310
5,560

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,459
1,373
1,430
Cash, Cash Equivalents & STI
82
146
121
Accounts Receivable, Net
712
602
592
Inventories
533
511
570
Total Current Liabilities
814
805
870
Payables & Accruals
586
577
623
ST Debt
34
57
59
Deferred Revenue
195
171
187

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.12%
20.89%
25.02%
Free Cash Flow
-68%
-84.06%
-38.36%
Net Income, GAAP
27.32%
50.64%
38.18%
Sales/Revenue/Turnover
15.97%
23.93%
23.22%
Total Cash Common Dividend
12.09%
11.88%
11.11%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
602
661
710
688
2,660
2025
668
720
960
930
3,277
2026
867
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
0.69
1.18
0.58
2.55
2025
0.14
0.78
1.32
- -
3.2
2026
0.5
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.66
0.66
0.66
0.66
2.65
2025
0.66
0.66
0.67
- -
2.68
2026
0.69
- -
- -
- -
- -
Business
Exchange Income Corporation (TSX: EIF; OTC: EIFZF) is a diversified, acquisition-oriented company focused on opportunities in the Aerospace & Aviation and Manufacturing segments. The company invests in profitable, well-established businesses operating in niche markets that generate steady cash flows and offer organic growth potential; it operates through 19 subsidiaries serving essential needs worldwide, including medevac and passenger services in remote northern communities, special mission aircraft solutions, and precision manufacturing for defense and infrastructure. Headquartered in Winnipeg, Manitoba, Canada, and founded in 2002, Exchange Income Corporation conducts operations across Canada, the United States, Europe, and other regions. In the Aerospace & Aviation segment, the company provides essential air services through fixed-wing and rotary-wing operations for medevac, passenger, charter, and freight transport; aerospace solutions encompassing mission systems design, aircraft modifications, intelligence, surveillance, and reconnaissance (ISR) services, software development, and in-service support primarily to governments; aircraft sales, leasing, engine parts sales, and management services, including flight training at two schools. The Manufacturing segment delivers environmental access solutions such as mats, bridges, planning, installation, and logistical support for temporary access; multi-storey window solutions including window walls, curtain walls, and railings for residential, retail, and office buildings; precision manufacturing and engineering of parts, portable hydronic climate control equipment, stainless steel tanks and vessels, electrical systems, and wireless/wireline construction services. Recent developments include the acquisition of Spartan in November 2024, enhancing aviation capabilities; the completion of the Canadian North acquisition on July 1, 2025, for $205 million, bolstering northern air services alongside a long-term Air Services Agreement with the Government of Nunavut; upsizing and extending the credit facility to $3.0 billion maturing April 30, 2029, in April 2025, providing over $1 billion in liquidity; redemption of Series J, K, and L convertible debentures in late 2024 and 2025, eliminating all outstanding convertibles by year-end and simplifying the capital structure; and a dividend increase to $2.76 per share annually announced in November 2025.

Company News

APIChat
  • Exchange Income Corporation Announces Voting Results for its 2026 Annual General and Special Meeting of Shareholders

  • Exchange Income Q1 Earnings Call Highlights

  • Exchange Income Corporation Announces May 2026 Dividend

  • Exchange Income Corporation (EIF:CA) Shareholder/Analyst Call Prepared Remarks Transcript

  • Keewatin Air LP Announces the Development and Certification of Exchange Income Corporation's New “TruSim” Simulator Facility in Winnipeg

  • Exchange Income Corporation Announces April 2026 Dividend and Amendments to its Dividend Reinvestment and Share Purchase Plan

  • Exchange Income Corporation to Host First Quarter Results Conference Call on May 12, 2026

  • Exchange Income Corporation Announces Renewal of Normal Course Issuer Bid for Common Shares

  • Exchange Income Corporation Announces March 2026 Dividend

  • Exchange Income Corporation Announces Closing of $600 Million Offering of Investment Grade Senior Unsecured Notes

  • Exchange Income Corporation Announces Inaugural Offering of Investment Grade Senior Unsecured Notes

  • Exchange Income Corporation (EIF:CA) Q4 2025 Earnings Call Transcript

  • Record Results Headlined by a Fourth Quarter 62% increase in Earnings Per Share for Exchange Income Corporation Driven by Strong Foundations and Accelerating Growth

  • Exchange Income (EIFZF) to Release Earnings on Tuesday

  • Exchange Income Corporation Announces February 2026 Dividend

  • Exchange Income Corporation Completes Credit Facility Upsize and Extension

  • Exchange Income Corporation Announces January 2026 Dividend

  • Exchange Income Corporation Announces December 2025 Dividend

  • Exchange Income Corporation Announces the Completion of Its Redemption of Its 7 Year 5.25% Convertible Unsecured Subordinated Debentures Due January 15, 2029

  • Exchange Income Corporation Announces November 2025 Dividend