Balance Sheet Major Drilling Group International Inc.

Equities

MDI

CA5609091031

Mining Support Services & Equipment

Market Closed - Toronto S.E. Other stock markets 16:00:00 2026-01-16 EST			5-day change	1st Jan Change
14.06 ^CAD	-0.07%		-0.14%	+8.99%

12-16	Major Drilling Price Target Raised to $17 at RBC	MT
12-11	Major Drilling Group International Inc., Q2 2026 Earnings Call, Dec 11, 2025

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Published financial data: MAJOR DRILLING GROUP INTERNATIONAL INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2021	2022	2023	2024	2025
Revenues	432M	650M	736M	707M	728M
Total Revenues	432M	650M	736M	707M	728M
Cost of Goods Sold, Total	368M	511M	559M	554M	597M
Gross Profit	64.09M	140M	177M	153M	131M
Selling General & Admin Expenses, Total	47.08M	57.04M	64.96M	68.9M	78.8M
Stock-Based Compensation (IS)	296K	369K	508K	277K	100K
Depreciation & Amortization - (IS)	-	-	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	3.68M
Other Operating Expenses	3.81M	10.94M	12.85M	10.05M	8.94M
Other Operating Expenses, Total	51.19M	68.36M	78.32M	79.22M	91.52M
Operating Income	12.9M	71.42M	98.59M	73.5M	39.02M
Interest Expense, Total	-1.17M	-1.63M	-	-	-484K
Net Interest Expenses	-1.17M	-1.63M	-	-	-484K
Currency Exchange Gains (Loss)	1.46M	-1.4M	-2.76M	-5.53M	-1.91M
Other Non Operating Income (Expenses)	-	-	832K	2.2M	-
EBT, Excl. Unusual Items	13.19M	68.39M	96.66M	70.17M	36.63M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-454K	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	394K	546K	912K	843K	673K
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	13.59M	68.48M	97.57M	71.01M	37.3M
Income Tax Expense	3.55M	15.02M	22.65M	17.93M	11.34M
Earnings From Continuing Operations	10.03M	53.46M	74.92M	53.08M	25.96M
Net Income to Company	10.03M	53.46M	74.92M	53.08M	25.96M
Net Income - (IS)	10.03M	53.46M	74.92M	53.08M	25.96M
Net Income to Common Incl Extra Items	10.03M	53.46M	74.92M	53.08M	25.96M
Net Income to Common Excl. Extra Items	10.03M	53.46M	74.92M	53.08M	25.96M
Per Share Items
Net EPS - Basic	0.12	0.65	0.9	0.64	0.32
Basic EPS - Continuing Operations	0.12	0.65	0.9	0.64	0.32
Basic Weighted Average Shares Outstanding	80.64M	82.26M	82.88M	82.34M	81.84M
Net EPS - Diluted	0.12	0.65	0.9	0.64	0.32
Diluted EPS - Continuing Operations	0.12	0.65	0.9	0.64	0.32
Diluted Weighted Average Shares Outstanding	80.77M	82.73M	83.24M	82.54M	82M
Normalized Basic EPS	0.1	0.52	0.73	0.53	0.28
Normalized Diluted EPS	0.1	0.52	0.73	0.53	0.28
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	50.85M	114M	144M	123M	100M
EBITA	13.27M	72.8M	99.85M	74.55M	42.7M
EBIT	12.9M	71.42M	98.59M	73.5M	39.02M
Effective Tax Rate - (Ratio)	26.14	21.94	23.21	25.25	30.42
Total Current Taxes	3.82M	13.28M	22.79M	14.38M	13.2M
Total Deferred Taxes	-270K	1.74M	-138K	3.55M	-1.86M
Normalized Net Income	8.24M	42.74M	60.41M	43.86M	22.89M
Interest on Long-Term Debt	1.17M	1.63M	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	47.08M	57.04M	64.96M	68.9M	78.8M
Stock-Based Comp., Other (Total)	1.28M	1.66M	508K	277K	100K
Total Stock-Based Compensation	1.28M	1.66M	508K	277K	100K

Fiscal Period: April	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	22.36M	71.26M	94.43M	96.22M	45.99M
Total Cash And Short Term Investments	22.36M	71.26M	94.43M	96.22M	45.99M
Accounts Receivable, Total	103M	143M	138M	122M	145M
Other Receivables	5.97M	2.04M	2.34M	3.8M	6.99M
Notes Receivable	-	-	-	-	-
Total Receivables	109M	145M	140M	126M	152M
Inventory	85.58M	96.78M	115M	111M	116M
Prepaid Expenses	6.71M	8.96M	11M	9.53M	8.49M
Total Current Assets	223M	322M	361M	343M	322M
Gross Property Plant And Equipment	503M	587M	641M	-	-
Accumulated Depreciation	-355M	-384M	-420M	-	-
Net Property Plant And Equipment	148M	204M	221M	242M	287M
Long-term Investments	-	-	-	-	17.81M
Goodwill	7.71M	22.8M	22.69M	22.6M	65.96M
Other Intangibles, Total	568K	4.6M	3.3M	2.22M	24.26M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	8.9M	4.35M	4.44M	2.87M	2.15M
Total Assets	389M	557M	612M	612M	719M
Liabilities
Accounts Payable, Total	73.08M	103M	102M	86.23M	113M
Current Portion of Long-Term Debt	356K	-	-	-	-
Current Portion of Leases	803K	1.5M	1.62M	1.4M	2.02M
Current Income Taxes Payable	1.64M	5.02M	3.67M	4.37M	4.3M
Other Current Liabilities	-	8.62M	7.14M	8.86M	8.87M
Total Current Liabilities	75.88M	118M	115M	101M	128M
Long-Term Debt	15.11M	50M	19.97M	-	27.68M
Long-Term Leases	2.94M	3.88M	3.96M	3.32M	7.43M
Deferred Tax Liability Non Current	12.53M	11.41M	12.62M	14.18M	20.32M
Other Non Current Liabilities	1.91M	14.29M	7.98M	-	13.34M
Total Liabilities	108M	197M	159M	118M	197M
Common Stock, Total	243M	263M	266M	263M	263M
Retained Earnings	-22.46M	31.02M	106M	152M	178M
Comprehensive Income and Other	59.24M	65.55M	80.56M	79.41M	81.3M
Total Common Equity	280M	360M	453M	494M	522M
Total Equity	280M	360M	453M	494M	522M
Total Liabilities And Equity	389M	557M	612M	612M	719M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	82.18M	82.71M	83.03M	81.8M	81.84M
ECS Total Common Shares Outstanding	80.66M	82.71M	83.03M	81.79M	81.85M
Book Value / Share	3.47	4.35	5.45	6.04	6.38
Tangible Book Value	272M	332M	427M	469M	432M
Tangible Book Value Per Share	3.37	4.02	5.14	5.73	5.28
Total Debt	19.21M	55.39M	25.55M	4.72M	37.13M
Net Debt	-3.15M	-15.87M	-68.88M	-91.5M	-8.85M
Account Code - Inventory Valuation	5	-	5	5	5
Inventories - Raw Materials, Total	40.39M	47.03M	57.8M	56.98M	61.17M
Inventories - Finished Goods, Total	6.89M	7.19M	8.32M	7.37M	7.43M
Inventories - Others	38.3M	42.56M	49.02M	46.45M	47.03M
Land - (BS)	6.03M	6.14M	6.29M	-	-
Buildings, Total	17.74M	17.72M	19.08M	-	-
Machinery, Total	464M	539M	592M	-	-
Full Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.64M	1.52M	3.3M	4.15M	2.18M

Fiscal Period: April	2021	2022	2023	2024	2025
Net Income	10.03M	53.46M	74.92M	53.08M	25.96M
Depreciation & Amortization - CF	38.78M	42.6M	46.21M	50.66M	59.84M
Amortization of Goodwill and Intangible Assets - (CF)	378K	1.38M	1.26M	1.05M	3.68M
Depreciation & Amortization, Total	39.16M	43.98M	47.48M	51.72M	63.52M
(Gain) Loss From Sale Of Asset	-394K	-546K	-912K	-843K	-673K
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	296K	369K	508K	277K	100K
Other Operating Activities, Total	-1.51M	9.21M	-1.9M	3.15M	-6.95M
Change In Accounts Receivable	-36.15M	-25.92M	11.12M	15.47M	17.96M
Change In Inventories	5.15M	-6.49M	-13.28M	3.76M	2.98M
Change In Accounts Payable	20.47M	21.15M	-3.18M	-15.93M	-4.62M
Change in Other Net Operating Assets	-2.61M	-339K	-1.58M	1.35M	2.65M
Cash from Operations	34.45M	94.87M	113M	112M	101M
Capital Expenditure	-31.3M	-49.94M	-58.69M	-73.53M	-72.52M
Sale of Property, Plant, and Equipment	1.92M	2.14M	3.5M	2.14M	3.25M
Cash Acquisitions	-	-38.05M	-8.79M	-6.99M	-93.55M
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-15.2M
Cash from Investing	-29.38M	-85.84M	-63.98M	-78.39M	-178M
Long-Term Debt Issued, Total	-	35M	-	-	27.68M
Total Debt Issued	-	35M	-	-	27.68M
Long-Term Debt Repaid, Total	-37.37M	-1.73M	-31.69M	-21.5M	-2.07M
Total Debt Repaid	-37.37M	-1.73M	-31.69M	-21.5M	-2.07M
Issuance of Common Stock	135K	4.98M	2.08M	551K	314K
Repurchase of Common Stock	-	-	-	-11.25M	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-	-	-	-326K	-
Cash from Financing	-37.23M	38.25M	-29.61M	-32.52M	25.92M
Foreign Exchange Rate Adjustments	-3.91M	1.62M	3.57M	657K	959K
Net Change in Cash	-36.07M	48.9M	23.17M	1.79M	-50.23M
Supplemental Items
Cash Interest Paid	1.17M	1.63M	-	-	-
Cash Income Tax Paid (Refund)	5.06M	5.81M	24.55M	14.78M	18.3M
Levered Free Cash Flow	13.87M	31.27M	31.94M	30.6M	12.13M
Unlevered Free Cash Flow	14.6M	32.29M	31.94M	30.6M	12.44M
Change In Net Working Capital	2.59M	8.05M	18.97M	-6.2M	3.05M
Net Debt Issued / Repaid	-37.37M	33.27M	-31.69M	-21.5M	25.61M

Fiscal Period: April	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.98	9.44	10.54	7.51	3.67
Return on Total Capital	2.47	12.49	13.8	9.41	4.61
Return On Equity %	3.48	16.71	18.45	11.22	5.11
Return on Common Equity	3.48	16.71	18.45	11.22	5.11
Margin Analysis
Gross Profit Margin %	14.83	21.49	24.04	21.61	17.94
SG&A Margin	10.9	8.77	8.83	9.75	10.83
EBITDA Margin %	11.77	17.48	19.62	17.47	13.76
EBITA Margin %	3.07	11.19	13.57	10.55	5.87
EBIT Margin %	2.98	10.98	13.4	10.4	5.36
Income From Continuing Operations Margin %	2.32	8.22	10.18	7.51	3.57
Net Income Margin %	2.32	8.22	10.18	7.51	3.57
Net Avail. For Common Margin %	2.32	8.22	10.18	7.51	3.57
Normalized Net Income Margin	1.91	6.57	8.21	6.21	3.15
Levered Free Cash Flow Margin	3.21	4.81	4.34	4.33	1.67
Unlevered Free Cash Flow Margin	3.38	4.96	4.34	4.33	1.71
Asset Turnover
Asset Turnover	1.06	1.38	1.26	1.15	1.09
Fixed Assets Turnover	2.73	3.7	3.47	3.06	2.75
Receivables Turnover (Average Receivables)	4.96	5.31	5.25	5.44	5.45
Inventory Turnover (Average Inventory)	3.97	5.6	5.27	4.9	5.27
Short Term Liquidity
Current Ratio	2.94	2.73	3.15	3.4	2.52
Quick Ratio	1.73	1.83	2.05	2.2	1.55
Operating Cash Flow to Current Liabilities	0.45	0.81	0.99	1.11	0.79
Days Sales Outstanding (Average Receivables)	73.58	68.8	69.52	67.3	66.97
Days Outstanding Inventory (Average Inventory)	91.95	65.18	69.2	74.64	69.22
Average Days Payable Outstanding	66.52	61.44	64.74	62.72	60.32
Cash Conversion Cycle (Average Days)	99.01	72.54	73.98	79.22	75.87
Long Term Solvency
Total Debt/Equity	6.86	15.4	5.65	0.95	7.11
Total Debt / Total Capital	6.42	13.34	5.34	0.95	6.64
LT Debt/Equity	6.44	14.98	5.29	0.67	6.73
Long-Term Debt / Total Capital	6.03	12.98	5.01	0.67	6.28
Total Liabilities / Total Assets	27.89	35.42	26.01	19.33	27.36
EBIT / Interest Expense	11.04	43.84	-	-	80.63
EBITDA / Interest Expense	44.57	70.84	-	-	211.87
(EBITDA - Capex) / Interest Expense	17.77	40.18	-	-	62.03
Total Debt / EBITDA	0.37	0.48	0.17	0.04	0.36
Net Debt / EBITDA	-0.06	-0.14	-0.47	-0.73	-0.09
Total Debt / (EBITDA - Capex)	0.93	0.85	0.29	0.09	1.24
Net Debt / (EBITDA - Capex)	-0.15	-0.24	-0.79	-1.77	-0.29
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.6	50.53	13.12	-3.95	2.96
Gross Profit, 1 Yr. Growth %	5.68	118.1	26.56	-13.67	-14.52
EBITDA, 1 Yr. Growth %	5.42	123.64	26.95	-14.49	-18.88
EBITA, 1 Yr. Growth %	31.08	448.49	37.15	-25.33	-42.72
EBIT, 1 Yr. Growth %	29.77	453.83	38.04	-25.45	-46.9
Earnings From Cont. Operations, 1 Yr. Growth %	-114.14	432.78	40.15	-29.15	-51.11
Net Income, 1 Yr. Growth %	-114.14	432.78	40.15	-29.15	-51.11
Normalized Net Income, 1 Yr. Growth %	67.41	418.44	41.33	-27.41	-47.8
Diluted EPS Before Extra, 1 Yr. Growth %	-113.61	441.6	38.48	-28.89	-50.44
Accounts Receivable, 1 Yr. Growth %	43.17	39.05	-3.5	-11.18	18.39
Inventory, 1 Yr. Growth %	-14.26	13.08	18.96	-3.76	4.35
Net Property, Plant and Equip., 1 Yr. Growth %	-12.29	37.47	8.37	9.59	18.54
Total Assets, 1 Yr. Growth %	-8.78	43.38	9.8	0.08	17.41
Tangible Book Value, 1 Yr. Growth %	-5.72	22.24	28.35	9.95	-7.92
Common Equity, 1 Yr. Growth %	-5.68	28.41	25.8	9.12	5.72
Cash From Operations, 1 Yr. Growth %	-18.2	175.41	19.3	-1.02	-9.92
Capital Expenditures, 1 Yr. Growth %	7.41	59.53	17.52	25.29	-1.38
Levered Free Cash Flow, 1 Yr. Growth %	-18.11	125.42	6.52	-4.19	-60.35
Unlevered Free Cash Flow, 1 Yr. Growth %	-17.19	121.13	3.02	-4.19	-59.36
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.96	26.08	30.49	4.24	-0.56
Gross Profit, 2 Yr. CAGR %	12.02	51.82	66.14	4.53	-14.1
EBITDA, 2 Yr. CAGR %	12.5	53.54	68.49	4.19	-16.71
EBITA, 2 Yr. CAGR %	325.24	168.13	174.28	1.2	-34.6
EBIT, 2 Yr. CAGR %	319.14	168.09	176.5	1.45	-37.08
Earnings From Cont. Operations, 2 Yr. CAGR %	-25.51	-13.2	173.25	-0.35	-41.14
Net Income, 2 Yr. CAGR %	-25.51	-13.2	173.25	-0.35	-41.14
Normalized Net Income, 2 Yr. CAGR %	116.9	194.6	170.69	1.29	-38.44
Diluted EPS Before Extra, 2 Yr. CAGR %	-27.77	-14.15	173.86	-0.77	-40.64
Accounts Receivable, 2 Yr. CAGR %	7.94	41.09	15.84	-7.42	2.55
Inventory, 2 Yr. CAGR %	-2.66	-1.54	15.98	7	0.22
Net Property, Plant and Equip., 2 Yr. CAGR %	-5.03	9.81	22.06	8.98	13.98
Total Assets, 2 Yr. CAGR %	-8.23	14.37	25.47	4.83	8.4
Tangible Book Value, 2 Yr. CAGR %	-5.54	7.35	25.26	18.79	0.62
Common Equity, 2 Yr. CAGR %	-12.15	10.05	27.1	17.16	7.41
Cash From Operations, 2 Yr. CAGR %	28.19	50.1	81.27	8.67	-5.58
Capital Expenditures, 2 Yr. CAGR %	10.82	30.9	36.93	21.35	11.16
Levered Free Cash Flow, 2 Yr. CAGR %	12.1	35.87	51.73	1.03	-38.36
Unlevered Free Cash Flow, 2 Yr. CAGR %	12.57	35.32	47.89	-0.65	-37.6
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.07	19.12	21.6	17.82	3.81
Gross Profit, 3 Yr. CAGR %	-4.8	39.88	42.88	33.57	-2.25
EBITDA, 3 Yr. CAGR %	30.15	41.46	44.11	34.4	-4.15
EBITA, 3 Yr. CAGR %	-18.4	362.89	114.44	77.76	-16.29
EBIT, 3 Yr. CAGR %	-19.9	359.94	114.88	78.63	-18.25
Earnings From Cont. Operations, 3 Yr. CAGR %	-23.54	43.52	1.83	74.25	-21.4
Net Income, 3 Yr. CAGR %	-23.54	43.52	1.83	74.25	-21.4
Normalized Net Income, 3 Yr. CAGR %	-18.63	190.01	130.63	74.56	-18.79
Diluted EPS Before Extra, 3 Yr. CAGR %	-24.61	41.38	0.68	74.72	-21.27
Accounts Receivable, 3 Yr. CAGR %	5.09	17.45	24.31	6.03	0.49
Inventory, 3 Yr. CAGR %	1.22	2.33	4.87	8.99	6.11
Net Property, Plant and Equip., 3 Yr. CAGR %	-7.2	7.43	9.33	17.75	12.08
Total Assets, 3 Yr. CAGR %	-5.95	6.49	12.82	16.36	8.86
Tangible Book Value, 3 Yr. CAGR %	-4.74	2.94	13.94	19.93	9.12
Common Equity, 3 Yr. CAGR %	-9.05	-0.3	15.07	20.8	13.22
Cash From Operations, 3 Yr. CAGR %	50.17	65.41	39.04	48.16	2.08
Capital Expenditures, 3 Yr. CAGR %	11.62	25.13	26.28	32.93	13.24
Levered Free Cash Flow, 3 Yr. CAGR %	40.36	41.49	23.54	30.17	-26.03
Unlevered Free Cash Flow, 3 Yr. CAGR %	38.42	40.98	21.9	27.97	-26.25
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.24	16.69	16.54	12.93	12.2
Gross Profit, 5 Yr. CAGR %	-1.74	18.34	18.95	24.49	16.57
EBITDA, 5 Yr. CAGR %	18.46	59.39	44.31	25.17	15.73
EBITA, 5 Yr. CAGR %	-13.81	13.95	32.52	151.97	33.35
EBIT, 5 Yr. CAGR %	-16.18	12	31.48	151.26	31.47
Earnings From Cont. Operations, 5 Yr. CAGR %	-26.02	4.91	27.25	24.03	-18.22
Net Income, 5 Yr. CAGR %	-26.02	4.91	27.25	24.03	-18.22
Normalized Net Income, 5 Yr. CAGR %	-17.9	10.64	31.61	90.4	35.97
Diluted EPS Before Extra, 5 Yr. CAGR %	-26.77	4.37	26.3	22.71	-18.5
Accounts Receivable, 5 Yr. CAGR %	12.94	14.53	9.27	6.79	15.1
Inventory, 5 Yr. CAGR %	2.91	1.91	6.89	4.17	2.98
Net Property, Plant and Equip., 5 Yr. CAGR %	-9.25	-1.67	3.55	8.05	11.16
Total Assets, 5 Yr. CAGR %	-5.04	2.41	5.54	5.82	11.03
Tangible Book Value, 5 Yr. CAGR %	-5.74	-1.07	6.28	9.01	8.41
Common Equity, 5 Yr. CAGR %	-8.05	-2.57	3.98	6.35	11.94
Cash From Operations, 5 Yr. CAGR %	9.06	96.42	61.91	39.82	19.1
Capital Expenditures, 5 Yr. CAGR %	20.89	23.12	21.13	23.6	20
Levered Free Cash Flow, 5 Yr. CAGR %	-16.71	65.54	44.8	22.62	-6.46
Unlevered Free Cash Flow, 5 Yr. CAGR %	-16.01	69.49	42.13	21.57	-6.75
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-