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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.

MTL.TO

CA$25.79

+CA$0.72 (+2.87%)

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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MTL.TO Key Statistics

As of Sep 4, 2026
Trading
Open
CA$25.03
Previous Close
CA$25.07
Day's Range
25.03–25.81
52-Week Range
13.53–28.78
Volume
143.10K
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.
0.91
Valuation
Market Cap
CA$2.48B
P/E Ratio
23.23
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
17.06
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.
1.10
EPS (ttm)Profit attributable to each share over the last twelve months.
1.11
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
+94.20%
Dividend and dates
Dividend
CA$0.84+3.35%
Ex-Dividend Date
August 31, 2026
Earnings Date
October 22, 2026estimated
Avg Volume
269.14K

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

MTL.TO Stock Return by Calendar Year

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

YearReturn
2026 (partial year)+68.00%
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 September 4, 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+200.0%
2016CA$0.124—

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/E23.2355.7758% below
P/S ratio1.101.100% 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 September 4, 2026.

Analysis

Data-derived

Company Overview

Mullen Group Ltd. (MTL.TO) carries a market capitalisation of CA$2.48B. The company sits in the Industrials sector, in the Trucking industry. Headcount on file is 8,622.

MTL.TO last closed at CA$25.79 on September 4, 2026. That is +CA$0.72 (+2.87%) against the previous close. The 52-week range on file runs from CA$13.53 to CA$28.78. The latest close sits 90.61% 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 1.11.

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 23.23. That is 58.35% below the Trucking median of 55.77. On forward earnings the ratio is 17.06. The PEG ratio, which sets the P/E against expected earnings growth, reads 2.29. Measured against sales, the shares trade at 1.1 times revenue. On price-to-sales that is 0% above the Trucking median of 1.1. The medians here are taken across 17 Trucking companies that report the metric.

The reported beta is 0.91. Daily returns over the trailing 10 years annualize to a volatility of 32%. Over the trailing twelve months the price has returned +94.20%. Across 10 years the annualized return works out at +9.52%.

Growth & Income

MTL.TO pays a dividend yielding 3.35%. That is 2.2 percentage points above the Trucking median yield of 1.17%. At the indicated rate that is CA$0.84 a share a year. The ex-dividend date on file is August 31, 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 price is +68.00% 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$2.48B 23.2
Old Dominion Freight Line, Inc. ODFL CA$38.66B 35.7
XPO, Inc. XPO CA$22.61B 56.8
Knight-Swift Transportation Holdings Inc. KNX CA$11.72B 266.6

The Trucking industry average P/E ratio is 55.8x. Mullen Group Ltd. trades at a P/E of 23.2.

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 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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