Cargojet Inc (TSE:CJT)
TSX:CJT
Earnings Data
Report Date
May 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.85Last Year’s EPS
1.62Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a cautiously positive tone: operational execution and disciplined cost/capital management delivered strong profitability (Q4 adjusted EBITDA $95M, 33.4% margin) and exceptional on-time performance (99%), with robust domestic overnight growth (~17% Q4, ~14% full year) and fleet/CapEx rationalization. Offsetting risks include meaningful declines in ACMI and charter revenues, a mutual suspension of the China contract driven by deteriorating China trade volumes (China-to-U.S. e-commerce -28% for 2025), elevated near-term leverage (2.8x pro forma) and lingering macro/tariff/geopolitical uncertainty that reduces visibility. On balance, the company demonstrated resilience and disciplined execution while acknowledging several material headwinds that could limit near-term upside.Company Guidance
Strong Adjusted EBITDA and Margins
Adjusted EBITDA for Q4 was $95 million and adjusted EBITDA margin was 33.4%, maintained in the low-to-mid 30% range despite challenging conditions and a 2.9% year-over-year decline in total revenues.
Outstanding Operational Reliability
Company delivered industry-leading on-time performance of 99% during the peak season, credited to operational discipline and workforce resilience (~2,000 employees).
Domestic Overnight Revenue Growth
Domestic overnight revenues in Q4 were $120.2 million, up $17.4 million or ~17% year-over-year; full-year domestic revenue grew almost 14%, driven by continued e-commerce penetration in Canada.
Fleet Simplification and Capacity
Operational fleet of 41 aircraft at quarter-end; divested last Pratt & Whitney-powered 767s and standardized the 767 fleet on GE engines to optimize spare engine pools, parts and maintenance.
CapEx Discipline and Reduced Q4 Spend
Q4 CapEx was $45.6 million (maintenance $37.5M, growth $8.1M) versus Q4 2024 CapEx of $136.9 million — a meaningful sequential reduction enabling disciplined capital allocation and tying growth CapEx to committed revenue.
New and Opportunistic Services Launched
Launched scheduled charter service between North/Central/South America and a weekend Liege-Europe service in Q4, capturing seasonal demand and leveraging spare fleet capacity to build recurring revenue opportunities.
Prudent Leverage and Capital Return Priorities
Target to maintain net debt to adjusted EBITDA below 2.5x over the long term; pro forma leverage after early-2026 proceeds was 2.8x. Company plans continued dividend growth (10% increase announced) and opportunistic NCIB activity while prioritizing deleveraging.
2026 Maintenance CapEx Guidance with Net Expectations
Gross maintenance CapEx guidance for 2026 provided at $190–$210 million, with management expecting net CapEx to be lower (~$160–$170M range) after proceeds from recent disposals and potential sale-leasebacks.
TSE:CJT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:CJT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | C$90.77 | C$91.95 | +1.31% |
Nov 04, 2025 | C$80.50 | C$79.60 | -1.12% |
Aug 06, 2025 | C$96.70 | C$97.49 | +0.82% |
Apr 23, 2025 | C$74.65 | C$86.10 | +15.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cargojet Inc (TSE:CJT) report earnings?
Cargojet Inc (TSE:CJT) is schdueled to report earning on May 04, 2026, Before Open (Confirmed).
What is Cargojet Inc (TSE:CJT) earnings time?
Cargojet Inc (TSE:CJT) earnings time is at May 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CJT EPS forecast?
TSE:CJT EPS forecast for the fiscal quarter 2026 (Q1) is 0.85.
