TSX · Utilities - Independent Power Producers · CAD

Capital Power Corporation (CPX.TO) Stock Analysis

Capital Power Corporation (CPX.TO) is a Utilities - Independent Power Producers stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

CPX.TO

CA$63.98

+CA$1.25 (+1.99%)

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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CPX.TO Key Statistics

As of Oct 21, 2026

Trading

Open: CA$63.10
Previous Close: CA$62.73
Day's Range: 63.10–64.90
52-Week Range: 56.48–77.02
Volume: 354.18K
Beta: 0.41

Valuation

Market Cap: CA$10.05B
P/E Ratio: 123.04
Forward P/E: 22.18
PEG Ratio: 1.43
P/S ratio: 2.42
EPS (ttm): 0.52

Financials (FY)

Revenue (FY): CA$3.72B−1.48%
Net Income (FY): CA$160.00M−77.11%
Profit margin: 2.70%
Shares Outstanding: 157.08M
1-Year Return: −6.74%

Dividend and dates

Dividend: CA$2.78+4.43%
Ex-Dividend Date: September 29, 2026
Earnings Date: November 2, 2026
Avg Volume: 572.99K

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

Key facts

As of October 21, 2026, CPX.TO closed at CA$63.98, −6.74% over 1 year.

Capital Power Corporation (CPX.TO) has a market capitalization of CA$10.05B.

In fiscal 2025, CPX.TO reported revenue of CA$3.72B.

CPX.TO Stock Return by Calendar Year

Capital Power Corporation (CPX.TO) 10-year return: what CA$10,000 became

1 year: CA$10,000 CA$9,326; −6.74%
5 years: CA$10,000 CA$18,353; +83.53%
10 years: CA$10,000 CA$53,084; +430.84%

If you had invested CA$10,000 in Capital Power Corporation (CPX.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$53,084 at the close on October 21, 2026: +430.84% in total, +18.17% 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.

−13.28%+77.90%+11.49%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+11.49%
2025	−3.64%
2024	+77.90%
2023	−13.28%
2022	+23.39%
2021	+18.93%
2020	+8.92%
2019	+37.12%
2018	+16.05%
2017	+12.44%
2016 (partial year)	+11.57%

As of October 21, 2026.

CPX.TO Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$3.72B	CA$160.00M	4.3%
2024	CA$3.78B	CA$699.00M	18.5%
2023	CA$4.28B	CA$744.00M	17.4%
2022	CA$2.93B	CA$138.00M	4.7%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$3.72B	CA$1.62B	CA$373.00M	CA$160.00M	4.3%
2024	CA$3.78B	CA$1.99B	CA$810.00M	CA$699.00M	18.5%
2023	CA$4.28B	CA$2.12B	CA$1.04B	CA$744.00M	17.4%
2022	CA$2.93B	CA$1.35B	CA$310.00M	CA$138.00M	4.7%

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

CPX.TO Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

CA$2.69+6.0% vs 2024

Dividends per share, 2025 · 4 payments

Year	Dividends per share	Payments	Change
2026*	CA$1.38	2	—
2025	CA$2.69	4	+6.0%
2024	CA$2.53	4	+6.0%
2023	CA$2.39	4	+5.9%

Year	Dividends per share	Payments	Change
2026 (partial year)	CA$1.38	2	—
2025	CA$2.69	4	+6.0%
2024	CA$2.53	4	+6.0%
2023	CA$2.39	4	+5.9%
2022	CA$2.26	4	+6.3%
2021	CA$2.12	4	+6.8%
2020	CA$1.99	4	+7.0%
2019	CA$1.86	4	+7.2%
2018	CA$1.73	4	+7.2%
2017	CA$1.62	4	+314.4%
2016	CA$0.39	1	—

Most recent payment: CA$0.69 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.

CPX.TO Valuation vs Utilities - Independent Power Producers Median

Median of 12 stocks

Metric	CPX.TO	Utilities - Independent Power Producers median	vs median
P/E	123.04	26.49	4.6x the median
P/S ratio	2.42	2.90	16% below
Profit margin	2.70%	2.63%	0.1 pts above

Medians across 12 Utilities - Independent Power Producers stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Capital Power Corporation (CPX.TO) carries a market capitalisation of CA$10.05B. It is classified in the Utilities - Independent Power Producers industry, within the Utilities sector. Headcount on file is 700.

The 52-week range on file runs from CA$56.48 to CA$77.02. The most recent close on file for CPX.TO is CA$63.98, dated October 21, 2026. That is +CA$1.25 (+1.99%) against the previous close. The latest close sits 13.28% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of CA$3.72B. Against the prior fiscal year total of CA$3.78B, that is a change of −1.48%. The same year closed with net income of CA$160.00M. That is −77.11% against the prior fiscal year. The reported profit margin is 2.7%. That is 0.1 percentage points above the Utilities - Independent Power Producers median of 2.63%. Trailing earnings per share are 0.52.

Across the 4 fiscal years on file, revenue moves from CA$2.93B in 2022 to CA$3.72B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 123.04. That is 4.6 times the Utilities - Independent Power Producers median of 26.49. The forward P/E on file is 22.18. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.43. The price-to-sales ratio is 2.42. On price-to-sales that is 16.43% below the Utilities - Independent Power Producers median of 2.9. The medians here are taken across 12 Utilities - Independent Power Producers companies that report the metric.

The trailing one-year total return is −6.74%. Measured over 10 years, that is +18.17% a year compounded. The reported beta is 0.41. Daily returns over the trailing 10 years annualize to a volatility of 26.23%.

Growth & Income

Shareholders receive a dividend, yielding 4.43% on the latest price. That is 2.7 percentage points above the Utilities - Independent Power Producers median yield of 1.74%. The indicated annual rate is CA$2.78 a share. The ex-dividend date on file is September 29, 2026. Dividends are recorded for 11 calendar years; 2026 shows 2 payments totalling CA$1.38 a share. The year before, 2025, totalled CA$2.69 a share.

Across the complete calendar years on file, 2024 returned +77.90% and 2023 returned −13.28%. Of the 9 complete calendar years on file, 7 finished higher. So far in 2026 the total return is +11.49%.

Peer Comparison

Capital Power Corporation (CPX.TO) operates in the Utilities - Independent Power Producers industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Capital Power Corporation	CPX.TO	CA$10.05B	123.0
Constellation Energy Corporation	CEG	$96.15B	26.5
Vistra Corp.	VST	$52.41B	26.3
NRG Energy, Inc.	NRG	$20.98B	26.1

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 Utilities - Independent Power Producers industry average P/E ratio is 26.5x. Capital Power Corporation trades at a P/E of 123.0.

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 Capital Power Corporation

Capital Power Corporation develops, acquires, owns, and operates utility-scale renewable and flexible generation facilities in Canada and the United States. The company generates electricity from various energy sources, including wind, waste heat, solar, landfill gas, gas, and battery storage. It also manages its related electricity and natural gas portfolios by undertaking trading and marketing activities. In addition, the company owns approximately 12 GW of gross power generation capacity in North America; 180 MW of renewable generation capacity in North Carolina; approximately 170 MW of new battery energy storage systems in Ontario. Capital Power Corporation was founded in 1891 and is headquartered in Edmonton, Canada.

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