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StockVS

TSX · Engineering & Construction · CAD

Badger Infrastructure Solutions Ltd. (BDGI.TO) Stock Analysis

Badger Infrastructure Solutions Ltd. (BDGI.TO) is a Engineering & Construction stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

BDGI.TO

CA$87.96

+CA$1.15 (+1.32%)

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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BDGI.TO Key Statistics

As of Oct 21, 2026
Trading
Open
CA$87.96
Previous Close
CA$86.81
Day's Range
86.58–88.67
52-Week Range
59.98–102.12
Volume
41.54K
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.
0.90
Valuation
Market Cap
CA$2.92B
P/E Ratio
34.86
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
21.22
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.21
EPS (ttm)Profit attributable to each share over the last twelve months.
2.49
Financials (FY)
Revenue (FY)
CA$831.70M+11.65%
Net Income (FY)
CA$59.23M+23.72%
Profit marginThe share of revenue left as profit after all costs and taxes.
6.67%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
33.66M
1-Year Return
+28.82%
Dividend and dates
Dividend
CA$0.78+0.87%
Ex-Dividend Date
September 29, 2026
Earnings Date
November 5, 2026
Avg Volume
124.77K

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

Key facts

As of October 21, 2026, BDGI.TO closed at CA$87.96, +28.82% over 1 year.

Badger Infrastructure Solutions Ltd. (BDGI.TO) has a market capitalization of CA$2.92B.

In fiscal 2025, BDGI.TO reported revenue of CA$831.70M.

BDGI.TO Stock Return by Calendar Year

Badger Infrastructure Solutions Ltd. (BDGI.TO) 10-year return: what CA$10,000 became

1 year
CA$10,000 CA$12,882
+28.82%
5 years
CA$10,000 CA$26,412
+164.12%
10 years
CA$10,000 CA$35,449
+254.49%

If you had invested CA$10,000 in Badger Infrastructure Solutions Ltd. (BDGI.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$35,449 at the close on October 21, 2026: +254.49% in total, +13.49% 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)+20.92%
2025+106.80%
2024−10.29%
2023+56.02%
2022−14.16%
2021−14.96%
2020+10.27%
2019+10.51%
2018+20.89%
2017−14.08%
2016 (partial year)+57.02%

As of October 21, 2026.

BDGI.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$831.70MCA$59.23M7.1%
2024CA$744.95MCA$47.87M6.4%
2023CA$683.80MCA$41.77M6.1%
2022CA$570.81MCA$18.29M3.2%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$831.70MCA$240.81MCA$67.55MCA$59.23M7.1%
2024CA$744.95MCA$218.01MCA$86.06MCA$47.87M6.4%
2023CA$683.80MCA$191.09MCA$62.27MCA$41.77M6.1%
2022CA$570.81MCA$139.15MCA$34.87MCA$18.29M3.2%

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

BDGI.TO Dividend History

CA$0.75+4.4% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*CA$0.392—
2025CA$0.754+4.4%
2024CA$0.724+4.0%
2023CA$0.694+4.8%
YearDividends per sharePaymentsChange
2026 (partial year)CA$0.392—
2025CA$0.754+4.4%
2024CA$0.724+4.0%
2023CA$0.694+4.8%
2022CA$0.664+4.8%
2021CA$0.6312+5.7%
2020CA$0.6012+4.6%
2019CA$0.5712+9.8%
2018CA$0.5212+23.3%
2017CA$0.4212+325.3%
2016CA$0.103—

Most recent payment: CA$0.20 per share, ex-dividend June 30, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

BDGI.TO Valuation vs Engineering & Construction Median

Median of 59 stocks
MetricBDGI.TOEngineering & Construction medianvs median
P/E34.8628.6322% above
P/S ratio3.211.14182% above
Profit margin6.67%2.31%4.4 pts above

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

Badger Infrastructure Solutions Ltd. (BDGI.TO) carries a market capitalisation of CA$2.92B. The company sits in the Industrials sector, in the Engineering & Construction industry. Headcount on file is 2,807.

Over the past 52 weeks the price has ranged from CA$59.98 to CA$102.12. The most recent close on file for BDGI.TO is CA$87.96, dated October 21, 2026. That is +CA$1.15 (+1.32%) against the previous close. The latest close sits 46.65% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of CA$831.70M. That is +11.65% against the prior fiscal year, when revenue was CA$744.95M. Net income for the same year was CA$59.23M. That is +23.72% against the prior fiscal year. The reported profit margin is 6.67%. That is 4.4 percentage points above the Engineering & Construction median of 2.31%. Trailing earnings per share are 2.49.

Across the 4 fiscal years on file, revenue moves from CA$570.81M in 2022 to CA$831.70M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 34.86. That is 21.78% above the Engineering & Construction median of 28.63. On forward earnings the ratio is 21.22. The price-to-sales ratio is 3.21. On price-to-sales that is 182.16% above the Engineering & Construction median of 1.14. The medians here are taken across 59 Engineering & Construction companies that report the metric.

Over the trailing twelve months the total return is +28.82%. Measured over 10 years, that is +13.49% a year compounded. Beta against the wider market is reported at 0.9. Annualized volatility over the trailing 10 years is 34.96%.

Growth & Income

Shareholders receive a dividend, yielding 0.87% on the latest price. At the indicated rate that is CA$0.78 a share a year. The ex-dividend date on file is September 29, 2026. Dividends are recorded for 11 calendar years; 2026 shows 2 payments totalling CA$0.39 a share. The year before, 2025, totalled CA$0.75 a share.

So far in 2026 the total return is +20.92%. The strongest complete calendar year on file is 2025 at +106.80%; the weakest is 2021 at −14.96%. Of the 9 complete calendar years on file, 5 finished higher.

Peer Comparison

Badger Infrastructure Solutions Ltd. (BDGI.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
Badger Infrastructure Solutions Ltd. BDGI.TO CA$2.92B 34.9
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. Badger Infrastructure Solutions Ltd. trades at a P/E of 34.9.

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 Badger Infrastructure Solutions Ltd.

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.

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