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Badger Infrastructure Solutions Ltd

Industrials CA BDGI

90.55CAD
0.26(0.29%)

Last update at 2026-06-19T20:00:00Z

Day Range

89.5490.94
LowHigh

52 Week Range

35.9582.31
LowHigh

Fundamentals

  • Previous Close 90.29
  • Market Cap2113.83M
  • Volume41009
  • P/E Ratio26.10
  • Dividend Yield0.84%
  • EBITDA130.41M
  • Revenue TTM831.70M
  • Revenue Per Share TTM24.59
  • Gross Profit TTM 240.81M
  • Diluted EPS TTM2.40

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 80.98M 67.40M 77.10M 22.88M -14.43400M
Minority interest - - - - -
Net income 60.26M 47.83M 56.38M 18.29M -11.24900M
Selling general administrative 84.53M 41.89M 58.96M 44.70M 49.72M
Selling and marketing expenses - 11.30M 20.62M - -
Gross profit 154.74M 217.80M 163.61M 139.15M 119.01M
Reconciled depreciation 88.73M 78.70M 69.87M 59.58M 71.60M
Ebit 68.73M 85.98M 84.04M 34.87M -2.31300M
Ebitda 159.01M 142.91M 178.34M 94.45M 69.29M
Depreciation and amortization 90.29M 56.94M 94.30M 59.58M 71.60M
Non operating income net other - - - - -
Operating income 68.73M 85.98M 84.04M 34.87M -2.31300M
Other operating expenses 777.53M 658.27M 838.87M 535.95M 571.07M
Interest expense 16.94M 14.93M 22.94M 8.07M 5.53M
Tax provision 20.36M 19.59M 15.35M 4.59M -3.18500M
Interest income - 20.35M 7.20M 12.31M 8.11M
Net interest income -16.64400M -15.68600M -16.99300M -8.06600M -5.52600M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 20.72M 19.59M 20.72M 4.59M -3.18500M
Total revenue 846.26M 744.24M 922.91M 570.81M 568.75M
Total operating expenses 86.01M 131.82M 79.57M 104.28M 121.32M
Cost of revenue 691.52M 526.44M 759.30M 431.66M 449.74M
Total other income expense net 12.26M -18.57335M -6.94279M -11.98200M -12.12100M
Discontinued operations - - - - -
Net income from continuing ops 59.23M 47.87M 41.77M 18.29M -11.24900M
Net income applicable to common shares - 47.87M 41.77M 18.29M -11.24900M
Preferred stock and other adjustments - - - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 797.33M 669.42M 868.21M 533.00M 606.41M
Intangible assets 26.57M 24.34M 23.59M 21.83M 29.98M
Earning assets - - - - -
Other current assets 22.26M - 15.75M 9.55M 5.70M
Total liab 501.79M 411.22M 545.16M 310.15M 325.20M
Total stockholder equity 295.54M 258.20M 323.05M 222.85M 281.20M
Deferred long term liab - - - - -
Other current liab 106.61M - 117.58M 71.23M 70.93M
Common stock 65.66M - 88.28M 66.95M 77.99M
Capital stock 65.78M 65.84M 66.95M 66.95M 61.17M
Retained earnings 235.71M 196.71M 241.82M 159.33M 184.25M
Other liab - - - 48.58M 62.28M
Good will 1.18M 1.13M 1.62M 1.20M 1.62M
Other assets - - - - -
Cash 4.76M 14.62M 11.23M 5.40M 5.25M
Cash and equivalents - - - 0.00000M 4.14M
Total current liabilities 160.81M 144.54M 182.51M 104.33M 129.59M
Current deferred revenue - - 5.93M - -
Net debt 253.31M 155.41M 266.89M 160.59M 167.23M
Short term debt 22.15M - 19.89M 8.75M 39.13M
Short long term debt - - - - 31.70M
Short long term debt total 258.07M - 278.12M 165.99M 172.47M
Other stockholder equity 0.42M - 0.56M 0.42M 0.55M
Property plant equipment - - - 328.31M 390.93M
Total current assets 219.68M 206.28M 263.10M 181.66M 183.88M
Long term investments - - - - -
Net tangible assets - - - 199.82M 249.60M
Short term investments - - - - -
Net receivables 177.63M 161.06M 218.54M 141.50M 157.79M
Long term debt 198.01M 170.03M 163.69M 138.88M 121.24M
Inventory 15.03M 11.70M 17.58M 25.21M 13.57M
Accounts payable 32.05M 27.50M 39.12M 24.36M 19.52M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -6.24761M - -7.60437M -3.85900M 18.41M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other - - 7.91M - -
Deferred long term asset charges - - - - -
Non current assets total 577.65M 463.13M 605.11M 351.34M 422.53M
Capital lease obligations 60.53M 50.25M 47.23M 27.11M 19.54M
Long term debt total - - - 157.24M 133.34M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -99.37000M -106.64400M -59.94600M -54.13300M
Change to liabilities - - - 7.65M 10.40M
Total cashflows from investing activities -127.23093M -94.59888M -108.37313M -59.94600M -54.13300M
Net borrowings -2.58900M -2.66600M 7.77M 14.74M 14.97M
Total cash from financing activities -36.39108M -27.27821M -9.89488M -7.18000M -25.20000M
Change to operating activities - - - -4.05100M 1.24M
Net income 60.26M 45.57M 42.45M 18.29M -11.24900M
Change in cash -10.54902M 6.81M 2.94M 1.26M -12.05000M
Begin period cash flow 15.31M 7.80M 5.51M 4.14M 17.30M
End period cash flow 4.76M 14.61M 8.45M 5.40M 5.25M
Total cash from operating activities 153.60M 127.35M 121.36M 68.33M 67.37M
Issuance of capital stock - - - - -
Depreciation 90.29M 74.93M 71.00M 59.58M 71.60M
Other cashflows from investing activities -3.21328M -1.39466M -0.22255M 6.81M -0.91700M
Dividends paid 18.31M -17.12909M -17.79492M 14.51M 21.59M
Change to inventory -3.58772M 1.45M -3.29152M -15.48900M -4.22200M
Change to account receivables -12.58959M -7.93956M -19.69016M -20.71900M 3.45M
Sale purchase of stock -12.96709M -5.78617M 0.00000M 0.00000M -13.70100M
Other cashflows from financing activities -24.23902M -19.31485M -14.01867M 53.44M 85.35M
Change to netincome - - - 23.06M -3.84800M
Capital expenditures 120.34M 93.30M 109.95M 66.76M 55.60M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -14.92274M -5.48058M 9.51M -32.60500M 10.86M
Stock based compensation 41.95M 11.31M 18.16M 5.51M 3.17M
Other non cash items 20.37M 12.33M -7.90106M 12.96M -3.82900M
Free cash flow 33.27M 34.06M 11.42M 1.57M 11.77M

Peer Comparison

Sector: Industrials Industry: Engineering & Construction

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
BDGI
Badger Infrastructure Solutions Ltd
0.26 0.29% 90.55 26.10 20.96 2.54 5.37 2.23 10.08
WSP
WSP Global Inc
1.13 0.64% 176.70 31.04 20.12 1.69 3.15 1.87 14.51
ATRL
AtkinsRealis Group Inc
5.25 6.44% 86.79 5.80 23.58 1.34 2.76 1.38 4.43
STN
Stantec Inc
0.31 0.32% 96.03 29.41 20.41 2.17 4.43 2.02 15.02
ARE
Aecon Group Inc.
-0.37 0.84% 43.71 198.96 30.58 0.58 3.43 0.57 18.19

Reports Covered

Stock Research & News

Profile

Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services to utilities, industrial, construction, transportation, and other industries in Canada and the United States. It offers Badger Hydrovac for use in safe excavations around critical infrastructure and in congested underground conditions. The company also provides hydrovac services, such as anode installations, daylighting, debris removal, pipelines, potholing, power distribution, service pits, shoring installations, tank cleanouts, trenching, and utility pole holes; and electromagnetic locating, GPS data collection, infrastructure mapping, depth of cover surveys, 4-way sweeps and passive scans, daylight reports, CAD drawings and GIS exports, and watch and protect inspections services. In addition, it offers sewer services, including air testing, CCTV inspections, flushing and cleaning, laser profiling, mainline to lateral inspections, Mandrel testing, reaming and concrete removal, sewer and main line locating, and smoke testing; and disaster response services related to large scale natural disasters comprising hurricanes, floods, and large-scale fires. The company was formerly known as Badger Daylighting Ltd. and changed its name to Badger Infrastructure Solutions Ltd. in May 2021. Badger Infrastructure Solutions Ltd. was founded in 1992 and is headquartered in Calgary, Canada.

Badger Infrastructure Solutions Ltd

525-8th Avenue SW, Calgary, AB, Canada, T2P 1G1

Key Executives

Name Title Year Born
Mr. Robert G. Blackadar CEO, Pres & Director 1969
Ms. Elizabeth Peterson Sr. VP of Operations NA
Ms. Tracey Lynn Wallace VP of HR & Chief HR Officer NA
Mr. Darren Julian Yaworsky Exec. Officer 1971
Mr. Pramod Bhatia Interim CFO NA
Mr. Pradeep Atluri VP of Information Strategy & Technology NA
Trevor Carson C.F.A. VP of Investor Relations & Corp. Devel. NA
Mr. Logan Mellott Regional VP of West Region NA
Mr. Connor Hanson Corp. Controller NA
Mr. Wade Mark Wilson VP of Bus. Process Improvement NA

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