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IGM Financial Inc.

IGM Financial Inc.

IGM.TO
IGM Financial Inc.CA flagToronto Stock Exchange
80.97
CAD
+1.30
- -
18.82BMarket Cap
IGM Financial Inc.
IGM.TO
(Toronto Stock Exchange)

Recent

price

80.97

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
9.54
10.28
9.83
10.3
11.23
11.75
12.19
12.71
12.87
13.03
13.22
15.02
13.21
13.39
14.7
16.17
16.69
Revenue per Share
2.79
3.49
2.98
3.02
2.99
3.11
3.19
2.5
3.19
3.12
3.21
4.1
3.64
4.83
3.93
4.66
4.89
Basic EPS, GAAP
2.92
2.89
2.61
2.63
2.71
2.41
2.61
2.52
3.03
2.63
2.64
3.59
2.49
2.87
4.1
3.87
4.19
Free Cash Flow per Basic Share
2.08
2.11
2.19
2.19
2.19
2.29
2.29
2.29
2.29
2.27
2.25
2.25
2.25
2.25
2.25
2.26
2.26
Dividend per Share
9.77
16.9
17.21
18.28
18.43
18.43
19.23
19.55
18.49
19.15
20.17
23.09
23.68
26.41
28.11
29.77
29.79
Book Value per Share
1.53
2.21
2.08
3.04
2.98
2.81
2.77
3.45
2.49
2.55
3.85
9.81
8.24
11.9
16.66
21.63
21.84
Tangible Book Value per Share
262
258
255
252
252
248
241
241
241
239
238
239
238
238
238
236
236
Basic Weighted Avg Shares
2,497
2,653
2,505
2,596
2,831
2,917
2,941
3,058
3,099
3,116
3,151
3,588
3,149
3,186
3,492
3,821
3,931
Sales/Revenue/Turnover
- -
52.07
49.6
49.21
45.6
46.31
44.61
45.42
45.38
31.19
31.74
33.04
32.06
31.32
32.25
33.01
33.33
Operating Margin (%)
32
33
34
32
34
39
43
56
56
79
83
100
87
91
93
98
- -
Depreciation Expense
741
909
768
771
762
781
779
611
776
749
764
979
867
1,149
934
1,101
1,151
Net Income, GAAP
26.67
22.83
19.88
21.46
21.02
21.22
17.7
22.16
21.29
22.68
20.8
22.62
22.22
18.79
22.5
23.17
23.05
Effective Tax Rate (%)
29.66
34.28
30.64
29.69
26.92
26.76
26.5
19.97
25.04
24.03
24.26
27.29
27.54
36.06
26.73
28.81
29.28
Profit Margin (%)
- -
5,836
5,153
5,750
9,033
6,654
6,744
5,929
5,530
5,307
5,713
7,355
8,595
7,187
8,475
10,590
9,946
Working Capital
1,775
5,380
4,863
5,168
8,079
5,995
6,312
6,646
6,101
6,129
5,596
4,949
4,753
4,959
5,037
5,163
5,195
LT Debt
4,317
4,478
4,440
4,708
4,719
4,727
4,747
4,825
4,602
4,499
5,043
6,501
6,130
6,720
7,870
9,038
9,069
Total Equity
- -
13.03
9.54
8.97
7.69
7.58
8
7.61
7.77
5.47
5.84
6.68
5.82
6
5.92
6.07
6.3
Return on Invested Capital (%)
16.56
13.54
8.05
7.51
6.28
6.08
6.34
4.92
6.13
6.06
6.31
8.12
7.44
9.5
7.37
8.28
8.63
Return on Capital (%)
27.59
26.02
17.35
16.94
16.28
16.74
16.73
12.88
16.76
16.54
16.29
18.97
15.54
19.26
14.4
16.06
16.75
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2,339
2,218
2,156
LT Borrowings
4,973
4,997
5,030
LT Finance Leases
157
165
165
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
237
235
233
Market Capitalization
11,992
14,589
15,611

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
11,706
13,571
12,570
Cash, Cash Equivalents & STI
3,345
3,687
3,563
Accounts Receivable, Net
300
292
342
Inventories
- -
- -
- -
Total Current Liabilities
2,852
2,981
2,625
Payables & Accruals
512
763
469
ST Debt
2,339
2,218
2,156
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.21%
12.96%
14.84%
Free Cash Flow
6.54%
11.45%
-6.03%
Net Income, GAAP
5.22%
9.67%
17.94%
Sales/Revenue/Turnover
2.96%
4.37%
9.42%
Total Cash Common Dividend
-0.49%
-0.12%
-0.21%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
840
846
879
926
3,492
2025
905
915
981
1,020
3,821
2026
1,016
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.94
0.91
1.01
1.07
3.93
2025
0.99
1.04
1.26
1.37
4.66
2026
1.21
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.56
0.56
0.56
0.56
2.25
2025
0.57
0.56
0.56
0.57
2.26
2026
0.57
- -
- -
- -
- -
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Business
IGM Financial Inc. (TSX: IGM) operates as a leading wealth and asset management company principally through its core businesses IG Wealth Management and Mackenzie Investments; IG Wealth Management provides comprehensive financial planning, investment advisory, mutual funds, insurance, banking products, mortgages, estate planning, tax services and discretionary portfolio management to Canadian retail households via a network of advisors; Mackenzie Investments offers investment management services encompassing mutual funds, ETFs, institutional separate managed accounts, sub-advisory mandates and alternative assets distributed to third-party dealers, financial advisors, pensions and institutional investors globally. The company maintains strategic investments including stakes in Rockefeller Capital Management for U.S. wealth management, Wealthsimple Financial Corp. for digital wealth solutions, China Asset Management Co. (ChinaAMC) as China's second-largest asset manager, Northleaf Capital Partners for private markets and Great-West Lifeco Inc. for insurance; it was founded in 1978 and is headquartered in Winnipeg, Manitoba, Canada, with primary operations in Canada and global reach through partnerships in North America, Europe and Asia. Recent developments include a October 2025 transaction revaluing its Rockefeller stake to $1.58 billion (up $750 million since 2023 acquisition) while retaining second-largest ownership ahead of a partial sale closing in Q4 2025; a October 2025 Wealthsimple financing round boosting IGM's stake valuation by $680 million to $2.26 billion (after $100 million additional investment) for 25.5% ownership; record Q3 2025 assets under management and advisement of $302.6 billion (up 14.2% year-over-year) and including strategic investments $562.4 billion; launches of multiple new funds in quant strategies, fixed income ETFs and international equity; and amended normal course issuer bid in November 2025 targeting up to 5 million share repurchases.

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