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StockVS

TSX · Engineering & Construction · CAD

Aecon Group Inc. (ARE.TO) Stock Analysis

Aecon Group Inc. (ARE.TO) is a Engineering & Construction stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

ARE.TO

CA$48.86

−CA$0.84 (−1.69%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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ARE.TO Key Statistics

As of Oct 21, 2026
Trading
Open
CA$50.00
Previous Close
CA$49.70
Day's Range
48.74–50.50
52-Week Range
24.24–59.96
Volume
461.34K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.06
Valuation
Market Cap
CA$3.35B
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
22.39
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
5.90
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.56
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.98
Financials (FY)
Revenue (FY)
CA$5.43B+28.09%
Net Income (FY)
CA$15.16M
Profit marginThe share of revenue left as profit after all costs and taxes.
−1.10%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
68.53M
1-Year Return
+100.13%
Dividend and dates
Dividend
CA$0.77+1.55%
Ex-Dividend Date
September 22, 2026
Earnings Date
October 29, 2026
Avg Volume
445.10K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, ARE.TO closed at CA$48.86, +100.13% over 1 year.

Aecon Group Inc. (ARE.TO) has a market capitalization of CA$3.35B.

In fiscal 2025, ARE.TO reported revenue of CA$5.43B.

ARE.TO Stock Return by Calendar Year

Aecon Group Inc. (ARE.TO) 10-year return: what CA$10,000 became

1 year
CA$10,000 CA$20,013
+100.13%
5 years
CA$10,000 CA$30,126
+201.26%
10 years
CA$10,000 CA$39,924
+299.24%

If you had invested CA$10,000 in Aecon Group Inc. (ARE.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$39,924 at the close on October 21, 2026: +299.24% in total, +14.85% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+57.60%
2025+18.93%
2024+116.69%
2023+52.38%
2022−42.52%
2021+7.14%
2020−2.38%
2019+2.65%
2018−9.02%
2017+34.60%
2016 (partial year)−15.72%

As of October 21, 2026.

ARE.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$5.43BCA$15.16M0.3%
2024CA$4.24B−CA$59.52M−1.4%
2023CA$4.64BCA$161.89M3.5%
2022CA$4.70BCA$30.38M0.6%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$5.43BCA$394.09MCA$53.87MCA$15.16M0.3%
2024CA$4.24BCA$182.55M−CA$118.55M−CA$59.52M−1.4%
2023CA$4.64BCA$255.63M−CA$1.30MCA$161.89M3.5%
2022CA$4.70BCA$355.96MCA$65.37MCA$30.38M0.6%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

ARE.TO Dividend History

CA$0.76+0.0% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*CA$0.392—
2025CA$0.764+0.0%
2024CA$0.764+2.7%
2023CA$0.744+0.0%
YearDividends per sharePaymentsChange
2026 (partial year)CA$0.392—
2025CA$0.764+0.0%
2024CA$0.764+2.7%
2023CA$0.744+0.0%
2022CA$0.744+5.7%
2021CA$0.704+9.4%
2020CA$0.644+10.3%
2019CA$0.584+16.0%
2018CA$0.504+0.0%
2017CA$0.504+334.8%
2016CA$0.121—

Most recent payment: CA$0.19 per share, ex-dividend June 23, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

ARE.TO Valuation vs Engineering & Construction Median

Median of 59 stocks
MetricARE.TOEngineering & Construction medianvs median
P/S ratio0.561.1451% below
Profit margin−1.10%2.31%3.4 pts below

Medians across 59 Engineering & Construction stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Aecon Group Inc. (ARE.TO) is capitalised at CA$3.35B on the latest close. The company sits in the Industrials sector, in the Engineering & Construction industry. The company reports 8,785 employees.

The most recent close on file for ARE.TO is CA$48.86, dated October 21, 2026. That is −CA$0.84 (−1.69%) against the previous close. Over the past 52 weeks the price has ranged from CA$24.24 to CA$59.96. The latest close sits 101.57% above that 52-week low.

Financial Health

In fiscal 2025, Aecon Group Inc. reported revenue of CA$5.43B. That is +28.09% against the prior fiscal year, when revenue was CA$4.24B. The same year closed with net income of CA$15.16M. Profit margin runs at −1.1%. That is 3.4 percentage points below the Engineering & Construction median of 2.31%. Trailing earnings per share are −0.98.

Across the 4 fiscal years on file, revenue moves from CA$4.70B in 2022 to CA$5.43B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. The forward P/E on file is 22.39. The PEG ratio, which sets the P/E against expected earnings growth, reads 5.9. The price-to-sales ratio is 0.56. On price-to-sales that is 50.56% below the Engineering & Construction median of 1.14. 59 Engineering & Construction companies report these metrics, and the medians quoted come from that group.

The reported beta is 1.06. Daily returns over the trailing 10 years annualize to a volatility of 35.85%. Over the trailing twelve months the total return is +100.13%. Across 10 years the annualized return works out at +14.85%.

Growth & Income

ARE.TO pays a dividend yielding 1.55%. That is 0.7 percentage points above the Engineering & Construction median yield of 0.88%. The indicated annual rate is CA$0.77 a share. The ex-dividend date on file is September 22, 2026. Dividends are recorded for 11 calendar years; 2026 shows 2 payments totalling CA$0.39 a share. The year before, 2025, totalled CA$0.76 a share.

2026 is still running; the total return is +57.60% year to date. The strongest complete calendar year on file is 2024 at +116.69%; the weakest is 2022 at −42.52%. Of the 9 complete calendar years on file, 6 finished higher.

Peer Comparison

Aecon Group Inc. (ARE.TO) operates in the Engineering & Construction industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Aecon Group Inc. ARE.TO CA$3.35B —
Quanta Services, Inc. PWR $90.38B 68.9
Comfort Systems USA, Inc. FIX $49.32B 34.5
Ferrovial N.V. FER $36.00B 27.5

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Engineering & Construction industry average P/E ratio is 28.6x. Aecon Group Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Aecon Group Inc.

Aecon Group Inc., together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and industrial infrastructure market sectors. The Concessions segment engages in the development, financing, building, and operation of construction projects by way of public-private partnership contract structures. This segment also provides development of domestic international public-private partnership; private finance solution; developing strategic partnerships; leading and/or participating in development teams; and operations and maintenance of infrastructure assets services. Aecon Group Inc. was formerly known as Prefac Concrete Co. Ltd. and changed its name to Aecon Group Inc. in June 2001. The company was founded in 1867 and is headquartered in Toronto, Canada.

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