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.

CPX.TO

CA$63.03

+CA$0.71 (+1.14%)

Sep 4, 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 Sep 4, 2026

Trading

Open: CA$62.18
Previous Close: CA$62.32
Day's Range: 62.18–63.35
52-Week Range: 56.25–77.02
Volume: 390.20K
Beta: 0.40

Valuation

Market Cap: CA$9.90B
P/E Ratio: 110.58
Forward P/E: 21.85
PEG Ratio: 1.43
P/S ratio: 2.39
EPS (ttm): 0.57

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: +15.22%

Dividend and dates

Dividend: CA$2.78+4.46%
Ex-Dividend Date: September 29, 2026
Earnings Date: November 4, 2026
Avg Volume: 601.07K

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

CPX.TO Stock Return by Calendar Year

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

−13.28%+77.90%+9.83%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+9.83%
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 September 4, 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	+107.2%
2016	CA$0.78	2	—

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 11 stocks

Metric	CPX.TO	Utilities - Independent Power Producers median	vs median
P/E	110.58	29.17	3.8x the median
P/S ratio	2.39	3.00	20% below
Profit margin	2.70%	2.56%	0.1 pts above

Medians across 11 Utilities - Independent Power Producers stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

Capital Power Corporation (CPX.TO) carries a market capitalisation of CA$9.90B. 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$56.25 to CA$77.02. The most recent close on file for CPX.TO is CA$63.03, dated September 4, 2026. That is +CA$0.71 (+1.14%) against the previous close. The latest close sits 12.05% 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 2.56%. Trailing earnings per share are 0.57.

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 110.58. That is 3.8 times the Utilities - Independent Power Producers median of 29.17. The forward P/E on file is 21.85. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.43. The price-to-sales ratio is 2.39. On price-to-sales that is 20.32% below the Utilities - Independent Power Producers median of 3. The medians here are taken across 11 Utilities - Independent Power Producers companies that report the metric.

The trailing one-year price return is +15.22%. Measured over 10 years, that is +18.26% a year compounded. The reported beta is 0.4. Daily returns over the trailing 10 years annualize to a volatility of 26.11%.

Growth & Income

Shareholders receive a dividend, yielding 4.46% on the latest price. That is 2.8 percentage points above the Utilities - Independent Power Producers median yield of 1.71%. 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 price is +9.83%.

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$9.90B	110.6
Constellation Energy Corporation	CEG	CA$105.92B	27.9
Vistra Corp.	VST	CA$50.11B	25.2
NRG Energy, Inc.	NRG	CA$25.02B	29.2

The Utilities - Independent Power Producers industry average P/E ratio is 29.2x. Capital Power Corporation trades at a P/E of 110.6.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 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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