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StockVS

TSX · Trucking · CAD

Mullen Group Ltd. (MTL.TO) Stock Analysis

Mullen Group Ltd. (MTL.TO) is a Trucking stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

MTL.TO

CA$28.95

+CA$1.56 (+5.70%)

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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MTL.TO Key Statistics

As of Oct 21, 2026
Trading
Open
CA$27.49
Previous Close
CA$27.39
Day's Range
27.47–29.11
52-Week Range
13.53–29.11
Volume
498.30K
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.
0.86
Valuation
Market Cap
CA$2.79B
P/E Ratio
26.32
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
19.05
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.
2.29
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
1.24
EPS (ttm)Profit attributable to each share over the last twelve months.
1.10
Financials (FY)
Revenue (FY)
CA$2.13B+7.26%
Net Income (FY)
CA$91.11M−18.84%
Profit marginThe share of revenue left as profit after all costs and taxes.
4.65%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
96.24M
1-Year Return
+108.78%
Dividend and dates
Dividend
CA$0.84+3.07%
Ex-Dividend Date
September 29, 2026
Earnings Date
October 22, 2026
Avg Volume
340.57K

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

Key facts

As of October 21, 2026, MTL.TO closed at CA$28.95, +108.78% over 1 year.

Mullen Group Ltd. (MTL.TO) has a market capitalization of CA$2.79B.

In fiscal 2025, MTL.TO reported revenue of CA$2.13B.

MTL.TO Stock Return by Calendar Year

Mullen Group Ltd. (MTL.TO) 10-year return: what CA$10,000 became

1 year
CA$10,000 CA$20,878
+108.78%
5 years
CA$10,000 CA$26,064
+160.64%
10 years
CA$10,000 CA$23,810
+138.10%

If you had invested CA$10,000 in Mullen Group Ltd. (MTL.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$23,810 at the close on October 21, 2026: +138.10% in total, +9.06% 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)+88.58%
2025+14.66%
2024+9.57%
2023+1.51%
2022+31.70%
2021+10.96%
2020+23.04%
2019−19.32%
2018−19.13%
2017−18.83%
2016 (partial year)+24.84%

As of October 21, 2026.

MTL.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$2.13BCA$91.11M4.3%
2024CA$1.99BCA$112.26M5.6%
2023CA$1.99BCA$136.72M6.9%
2022CA$2.00BCA$158.62M7.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$2.13BCA$493.60MCA$169.25MCA$91.11M4.3%
2024CA$1.99BCA$472.68MCA$201.27MCA$112.26M5.6%
2023CA$1.99BCA$473.88MCA$212.27MCA$136.72M6.9%
2022CA$2.00BCA$459.00MCA$217.35MCA$158.62M7.9%

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

MTL.TO Dividend History

CA$0.84+9.1% vs 2024

Dividends per share, 2025 · 12 payments

YearDividends per sharePaymentsChange
2026*CA$0.568—
2025CA$0.8412+9.1%
2024CA$0.7712+6.9%
2023CA$0.7212+5.9%
YearDividends per sharePaymentsChange
2026 (partial year)CA$0.568—
2025CA$0.8412+9.1%
2024CA$0.7712+6.9%
2023CA$0.7212+5.9%
2022CA$0.6812+41.7%
2021CA$0.4812+33.3%
2020CA$0.3610−40.0%
2019CA$0.6012+0.0%
2018CA$0.6012+66.7%
2017CA$0.3612+300.0%
2016CA$0.093—

Most recent payment: CA$0.07 per share, ex-dividend August 31, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

MTL.TO Valuation vs Trucking Median

Median of 17 stocks
MetricMTL.TOTrucking medianvs median
P/E26.3249.0846% below
P/S ratio1.241.0815% above
Profit margin4.65%0.39%4.3 pts above

Medians across 17 Trucking stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Mullen Group Ltd. (MTL.TO) carries a market capitalisation of CA$2.79B. The company sits in the Industrials sector, in the Trucking industry. Headcount on file is 8,622.

MTL.TO last closed at CA$28.95 on October 21, 2026. That is +CA$1.56 (+5.70%) against the previous close. The 52-week range on file runs from CA$13.53 to CA$29.11. The latest close sits 113.97% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of CA$2.13B. That is +7.26% against the prior fiscal year, when revenue was CA$1.99B. Net income for the same year was CA$91.11M. That is −18.84% against the prior fiscal year. Profit margin runs at 4.65%. That is 4.3 percentage points above the Trucking median of 0.39%. Earnings per share on a trailing basis come to 1.1.

Across the 4 fiscal years on file, revenue moves from CA$2.00B in 2022 to CA$2.13B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 26.32. That is 46.37% below the Trucking median of 49.08. On forward earnings the ratio is 19.05. The PEG ratio, which sets the P/E against expected earnings growth, reads 2.29. Measured against sales, the shares trade at 1.24 times revenue. On price-to-sales that is 14.78% above the Trucking median of 1.08. The medians here are taken across 17 Trucking companies that report the metric.

The reported beta is 0.86. Daily returns over the trailing 10 years annualize to a volatility of 31.98%. Over the trailing twelve months the total return is +108.78%. Across 10 years the annualized return works out at +9.06%.

Growth & Income

MTL.TO pays a dividend yielding 3.07%. That is 1.8 percentage points above the Trucking median yield of 1.3%. At the indicated rate that is CA$0.84 a share a year. The ex-dividend date on file is September 29, 2026. Dividends are recorded for 11 calendar years; 2026 shows 8 payments totalling CA$0.56 a share. The year before, 2025, totalled CA$0.84 a share.

Across the complete calendar years on file, 2022 returned +31.70% and 2019 returned −19.32%. Of the 9 complete calendar years on file, 6 finished higher. 2026 is still running; the total return is +88.58% year to date.

Peer Comparison

Mullen Group Ltd. (MTL.TO) operates in the Trucking industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Mullen Group Ltd. MTL.TO CA$2.79B 26.3
Old Dominion Freight Line, Inc. ODFL $39.29B 36.3
XPO, Inc. XPO $22.07B 55.4
Knight-Swift Transportation Holdings Inc. KNX $10.29B 234.1

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 Trucking industry average P/E ratio is 49.1x. Mullen Group Ltd. trades at a P/E of 26.3.

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 Mullen Group Ltd.

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. It operates through four segments: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics. The Less-Than-Truckload segment delivers general freight, such as smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services. The Specialized & Industrial Services segment provides specialized equipment and services to oil and gas, environmental, construction, pipeline, utility, telecom, and civil industries; and specialized services comprising water management, environmental, pipeline and civil construction, industrial cleaning and turnaround, fluid management, and municipal development and emergency support services, as well as drilling and drilling related services. The U.S. & International Logistics segment offers logistics services through professional representatives and station agents. This segment also owns SilverExpress, a proprietary integrated transportation management platform. Mullen Group Ltd. was founded in 1949 and is headquartered in Okotoks, Canada.

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