Exchange Income Corporation

Exchange Income Corporation

114.21
CAD
-1.61
(-1.39%)
3.43EPS
35.39P/E
7.46BMarket Cap
Nov 12Next Earn
Exchange Income Corporation
TSX:EIF
(Toronto Stock Exchange)

Recent

price

114.21

P/E

ratio

35.39

div

yld

2.40%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CAD
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
67.59
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
3.74
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
-2.74
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
2.74
Dividend per Share
12.23
12.97
14.27
14.06
13.31
16.16
16.88
18.44
19.71
21.03
19.34
20.66
23.99
26.42
28.42
31.31
32.5
Book Value per Share
8.66
7.7
9.33
6.99
7.03
3.17
4.13
4.9
4.85
5.92
3.57
3.43
2.17
4.24
4.39
10.4
10.96
Tangible Book Value per Share
13
17
20
21
22
25
28
31
31
32
35
37
40
45
48
52
55
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
3,708
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
11.01
Operating Margin (%)
17
31
38
48
54
85
94
119
138
170
183
186
220
266
310
385
431
Depreciation Expense
14
21
25
9
8
40
61
72
71
84
28
69
110
122
121
168
205
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
25.96
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
5.53
Profit Margin (%)
40
67
157
257
96
135
178
237
301
308
324
225
465
541
628
568
588
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
2,535
LT Debt
178
226
295
306
300
447
486
578
617
730
686
800
1,019
1,245
1,410
1,762
1,832
Total Equity
9.97
9.84
7.49
3.1
-3.53
7.91
7.87
7.78
7.16
7
3.24
5.12
6.79
6.97
6.3
6.65
7.08
Return on Invested Capital (%)
9.75
9.47
7.57
2.96
-0.57
7.92
7.89
7.79
7.4
7.48
3.25
5.35
6.81
7.01
6.31
6.66
7.24
Return on Capital (%)
9.66
10.29
9.75
2.99
2.73
10.78
13.18
13.57
11.85
12.42
3.96
9.23
12.06
10.8
9.13
10.58
12.51
Return on Common Equity (%)

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
57
59
61
LT Borrowings
2,175
2,258
2,326
LT Finance Leases
202
197
209
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
56
56
56
Market Capitalization
4,600
5,880
7,460

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,373
1,430
1,519
Cash, Cash Equivalents & STI
146
121
82
Accounts Receivable, Net
602
592
650
Inventories
511
570
609
Total Current Liabilities
805
870
931
Payables & Accruals
577
623
654
ST Debt
57
59
61
Deferred Revenue
171
187
216

Growth Rates

CAD

•

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

CAD

•

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
952
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

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
0.94
3.2
2026
0.5
1.01
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

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
0.69
2.68
2026
0.69
0.69
- -
- -
- -
Business
Exchange Income Corporation is a diversified acquisition-oriented company focused on the aerospace, aviation services, and manufacturing sectors. It operates primarily through two segments: Aerospace & Aviation and Manufacturing. The Aerospace & Aviation segment comprises three business lines: Essential Air Services, providing fixed-wing and rotary-wing medevac, passenger, charter, and freight services mainly to northern and remote communities in Canada; Aerospace, delivering mission systems design, aircraft modifications, intelligence, surveillance, reconnaissance, software development, and training services to government clients globally; and Aircraft Sales & Leasing, offering regional and commuter aircraft sales, engine and parts sales, plus aircraft and engine leasing and management. The Manufacturing segment includes Environmental Access Solutions, the largest Canadian provider of temporary ground protection matting solutions for construction and industrial sites; Multi-Storey Window Solutions; and Precision Manufacturing & Engineering, which supplies precision parts and components across varied industries, including wireless infrastructure, hydronic climate control, stainless steel tanks, and specialized cleaning systems. The company serves markets across Canada, the United States, Europe, and other regions. Founded in 1986 and headquartered in Winnipeg, Manitoba, Exchange Income Corporation pursues growth via acquisitions and organic investment in profitable, well-established niche market companies. Recent major developments include the 2025 acquisition of Bradley Air Services Limited, operating as Canadian North, for approximately CAD 205 million, expanding EIC's passenger and cargo jet service presence in Canada’s northern regions, including the Northwest Territories. In 2021, it completed the acquisition of Carson Air Ltd., the largest fixed-wing air ambulance provider in British Columbia, bolstering the Essential Air Services business line. In December 2025, the company completed the redemption of its 7-year 5.25% convertible unsecured subordinated debentures due 2029, reflecting active capital management initiatives. Additionally, PAL Aerospace, a subsidiary, expanded its geographic reach and won a surveillance contract with the Netherlands government, exemplifying the company's increasing global government services footprint. These strategic acquisitions and contract wins underscore Exchange Income Corporation’s focus on expanding and integrating its aerospace, aviation, and manufacturing operations to provide specialized and essential services primarily in niche government and remote community markets.

Company News

  • Exchange Income Corporation Announces October 2026 Dividend

  • Exchange Income Corporation to Host Third Quarter Results Conference Call on November 13, 2026

  • Exchange Income Corporation Announces September 2026 Dividend

  • Exchange Income Corporation Announces Plan of Arrangement to Acquire TerraPro

  • Contrasting Flughafen Wien (OTCMKTS:VIAAY) and Exchange Income (OTCMKTS:EIFZF)

  • Exchange Income Corporation Announces August 2026 Dividend at Recently Increased Rate

  • Exchange Income Q2 Earnings Call Highlights

  • Exchange Income Corporation (EIF:CA) Q2 2026 Earnings Call Transcript

  • Exchange Income Corporation Announces July 2026 Dividend

  • Update on the Government of Nunavut Equity Option for a Minority Interest in Canadian North

  • EIC subsidiary PAL Aerospace Contracted by Air Greenland for DHC-8-200 Missionization Program

  • Exchange Income Corporation to Host Second Quarter Results Conference Call on August 12, 2026

  • Clean Vision Corporation Files Form 15 Notifying SEC of Suspension of Reporting Obligations Under Section 15(d) of the Securities Exchange Act of 1934

  • Exchange Income Corporation Announces June 2026 Dividend

  • 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