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TSX · Utilities - Independent Power Producers · CAD

Maxim Power Corp. (MXG.TO) Stock Analysis

Maxim Power Corp. (MXG.TO) is a Utilities - Independent Power Producers stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

MXG.TO

CA$4.23

+CA$0.08 (+1.93%)

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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MXG.TO Key Statistics

As of Oct 21, 2026
Trading
Open
CA$4.19
Previous Close
CA$4.15
Day's Range
4.19–4.25
52-Week Range
3.83–4.82
Volume
13.11K
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.
0.52
Valuation
Market Cap
CA$268.45M
P/E Ratio
26.44
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
211.50
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.52
EPS (ttm)Profit attributable to each share over the last twelve months.
0.16
Financials (FY)
Revenue (FY)
CA$86.87M−14.40%
Net Income (FY)
CA$16.69M−23.93%
Profit marginThe share of revenue left as profit after all costs and taxes.
12.84%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
63.46M
1-Year Return
−7.84%
Dividend and dates
Earnings Date
November 5, 2026estimated
Avg Volume
9.66K

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

Key facts

As of October 21, 2026, MXG.TO closed at CA$4.23, −7.84% over 1 year.

Maxim Power Corp. (MXG.TO) has a market capitalization of CA$268.45M.

In fiscal 2025, MXG.TO reported revenue of CA$86.87M.

MXG.TO Stock Return by Calendar Year

Maxim Power Corp. (MXG.TO) 10-year return: what CA$10,000 became

1 year
CA$10,000 CA$9,216
−7.84%
5 years
CA$10,000 CA$14,480
+44.80%
10 years
CA$10,000 CA$13,756
+37.56%

If you had invested CA$10,000 in Maxim Power Corp. (MXG.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$13,756 at the close on October 21, 2026: +37.56% in total, +3.24% 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)−5.16%
2025−25.17%
2024+47.10%
2023+31.76%
2022−14.36%
2021+78.03%
2020+22.53%
2019−16.13%
2018−21.09%
2017−6.78%
2016 (partial year)+3.15%

As of October 21, 2026.

MXG.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$86.87MCA$16.69M19.2%
2024CA$101.48MCA$21.95M21.6%
2023CA$41.46MCA$28.30M68.2%
2022CA$141.26MCA$42.28M29.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$86.87M—CA$3.93MCA$16.69M19.2%
2024CA$101.48M—CA$20.39MCA$21.95M21.6%
2023CA$41.46M—−CA$13.65MCA$28.30M68.2%
2022CA$141.26M—CA$45.04MCA$42.28M29.9%

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

MXG.TO Valuation vs Utilities - Independent Power Producers Median

Median of 12 stocks
MetricMXG.TOUtilities - Independent Power Producers medianvs median
P/E26.4426.490% below
P/S ratio3.522.9021% above
Profit margin12.84%2.63%10.2 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

Maxim Power Corp. (MXG.TO) is capitalised at CA$268.45M on the latest close. It is classified in the Utilities - Independent Power Producers industry, within the Utilities sector. The company reports 51 employees.

The most recent close on file for MXG.TO is CA$4.23, dated October 21, 2026. That is +CA$0.08 (+1.93%) against the previous close. Over the past 52 weeks the price has ranged from CA$3.83 to CA$4.82. The latest close sits 10.44% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to CA$86.87M. That is −14.40% against the prior fiscal year, when revenue was CA$101.48M. Net income for the same year was CA$16.69M. That is −23.93% against the prior fiscal year. The reported profit margin is 12.84%. That is 10.2 percentage points above the Utilities - Independent Power Producers median of 2.63%. Trailing earnings per share are 0.16.

Across the 4 fiscal years on file, revenue moves from CA$141.26M in 2022 to CA$86.87M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 26.44. That is 0.17% below the Utilities - Independent Power Producers median of 26.49. On forward earnings the ratio is 211.5. Measured against sales, the shares trade at 3.52 times revenue. On price-to-sales that is 21.49% above the Utilities - Independent Power Producers median of 2.9. 12 Utilities - Independent Power Producers companies report these metrics, and the medians quoted come from that group.

The reported beta is 0.52. Annualized volatility over the trailing 10 years is 33.58%. Over the trailing twelve months the total return is −7.84%. Measured over 10 years, that is +3.24% a year compounded.

Growth & Income

The latest dividend on file for MXG.TO dates from 2024.

Across the complete calendar years on file, 2021 returned +78.03% and 2025 returned −25.17%. Of the 9 complete calendar years on file, 4 finished higher. 2026 is still running; the total return is −5.16% year to date.

Peer Comparison

Maxim Power Corp. (MXG.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
Maxim Power Corp. MXG.TO CA$268.45M 26.4
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. Maxim Power Corp. trades at a P/E of 26.4.

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 Maxim Power Corp.

Maxim Power Corp., an independent power producer, develops, owns, and operates power and power related projects in Canada. It operates Milner power plant(M2), a 300 MW combined cycle gas-fired power plant located in Grande Cache, Alberta. The company is headquartered in Calgary, Canada.

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