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TSX · Other Industrial Metals & Mining · CAD

Major Drilling Group International Inc. (MDI.TO) Stock Analysis

Major Drilling Group International Inc. (MDI.TO) is a Other Industrial Metals & Mining stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

MDI.TO

CA$14.80

−CA$0.10 (−0.67%)

Oct 21, 2026 · Market close

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Price History

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MDI.TO Key Statistics

As of Oct 21, 2026
Trading
Open
CA$14.97
Previous Close
CA$14.90
Day's Range
14.63–15.00
52-Week Range
11.33–18.70
Volume
82.77K
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.
1.41
Valuation
Market Cap
CA$1.22B
P/E Ratio
46.25
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
13.77
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.
27.60
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
1.30
EPS (ttm)Profit attributable to each share over the last twelve months.
0.32
Financials (FY)
Revenue (FY)
CA$889.08M+22.20%
Net Income (FY)
CA$21.38M−17.62%
Profit marginThe share of revenue left as profit after all costs and taxes.
2.74%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
82.24M
1-Year Return
+16.81%
Dividend and dates
Avg Volume
156.49K

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

Key facts

As of October 21, 2026, MDI.TO closed at CA$14.80, +16.81% over 1 year.

Major Drilling Group International Inc. (MDI.TO) has a market capitalization of CA$1.22B.

In fiscal 2025, MDI.TO reported revenue of CA$889.08M.

MDI.TO Stock Return by Calendar Year

Major Drilling Group International Inc. (MDI.TO) 10-year return: what CA$10,000 became

1 year
CA$10,000 CA$11,681
+16.81%
5 years
CA$10,000 CA$15,778
+57.78%
10 years
CA$10,000 CA$21,926
+119.26%

If you had invested CA$10,000 in Major Drilling Group International Inc. (MDI.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$21,926 at the close on October 21, 2026: +119.26% in total, +8.17% a year. 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)+14.73%
2025+57.13%
2024−10.86%
2023−12.45%
2022+27.36%
2021+7.41%
2020+35.63%
2019+23.26%
2018−34.84%
2017+0.57%
2016 (partial year)−6.40%

As of October 21, 2026.

MDI.TO Revenue and Earnings by Fiscal Year

FY ends April
Fiscal yearRevenueNet incomeNet margin
2025CA$889.08MCA$21.38M2.4%
2024CA$727.58MCA$25.96M3.6%
2023CA$706.69MCA$53.09M7.5%
2022CA$735.74MCA$74.92M10.2%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$889.08MCA$139.12MCA$33.71MCA$21.38M2.4%
2024CA$727.58MCA$130.54MCA$39.03MCA$25.96M3.6%
2023CA$706.69MCA$152.72MCA$73.50MCA$53.09M7.5%
2022CA$735.74MCA$176.90MCA$98.59MCA$74.92M10.2%

Annual figures as reported, in the company's reporting currency. As of April 30, 2026.

MDI.TO Valuation vs Other Industrial Metals & Mining Median

Median of 103 stocks
MetricMDI.TOOther Industrial Metals & Mining medianvs median
P/E46.2518.23154% above
P/S ratio1.3013.400.1x the median
Profit margin2.74%3.53%0.8 pts below

Medians across 103 Other Industrial Metals & Mining stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Major Drilling Group International Inc. (MDI.TO) is capitalised at CA$1.22B on the latest close. It is classified in the Other Industrial Metals & Mining industry, within the Basic Materials sector.

The most recent close on file for MDI.TO is CA$14.80, dated October 21, 2026. That is −CA$0.10 (−0.67%) against the previous close. Over the past 52 weeks the price has ranged from CA$11.33 to CA$18.70. The latest close sits 30.63% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to CA$889.08M. Against the prior fiscal year total of CA$727.58M, that is a change of +22.20%. Net income for the same year was CA$21.38M. That is −17.62% against the prior fiscal year. The reported profit margin is 2.74%. That is 0.8 percentage points below the Other Industrial Metals & Mining median of 3.53%. Earnings per share on a trailing basis come to 0.32.

Across the 4 fiscal years on file, revenue moves from CA$735.74M in 2022 to CA$889.08M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 46.25. That is 153.77% above the Other Industrial Metals & Mining median of 18.23. The forward P/E on file is 13.77. The PEG ratio, which sets the P/E against expected earnings growth, reads 27.6. Measured against sales, the shares trade at 1.3 times revenue. On price-to-sales that is 0.1 times the Other Industrial Metals & Mining median of 13.4. 103 Other Industrial Metals & Mining companies report these metrics, and the medians quoted come from that group.

Beta against the wider market is reported at 1.41. Daily returns over the trailing 10 years annualize to a volatility of 42.84%. Over the trailing twelve months the total return is +16.81%. Across 10 years the annualized return works out at +8.17%.

Growth & Income

The record shows no dividend for MDI.TO.

The strongest complete calendar year on file is 2025 at +57.13%; the weakest is 2018 at −34.84%. Of the 9 complete calendar years on file, 6 finished higher. 2026 is still running; the total return is +14.73% year to date.

Peer Comparison

Major Drilling Group International Inc. (MDI.TO) operates in the Other Industrial Metals & Mining industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Major Drilling Group International Inc. MDI.TO CA$1.22B 46.3
BHP Group Limited BHP $211.50B 21.6
Rio Tinto Group RIO $141.37B 11.8
Vale S.A. VALE $54.05B 25.4

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 Other Industrial Metals & Mining industry average P/E ratio is 18.2x. Major Drilling Group International Inc. trades at a P/E of 46.3.

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 Major Drilling Group International Inc.

Major Drilling Group International Inc. provides contract drilling services to mining and mineral exploration companies in the United States, Canada, North America, South and Central America, Australasia, and Africa. The company offers various drilling services, including reverse circulation, surface and underground coring, directional, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive and longhole, and surface drill and blast services. Major Drilling Group International Inc. was founded in 1980 and is headquartered in Moncton, Canada.

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