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Cargojet
(TSX:CJT)
Cargojet (CJT) vs. iShares MSCI Canada ETF (EWC)
Cargojet Business Overview & Revenue Model
Cargojet Earnings Call Summary
Cargojet Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.03B | 1.00B | 877.50M | 979.90M | 757.80M | 668.50M |
| Gross Profit | 238.30M | 225.80M | 138.10M | 247.50M | 232.40M | 250.50M |
| EBITDA | 283.70M | 274.60M | 219.80M | 292.30M | 270.00M | 228.00M |
| Net Income | 145.70M | 108.40M | 37.30M | 190.60M | 167.40M | -87.80M |
Balance Sheet | ||||||
| Total Assets | 2.07B | 1.93B | 2.04B | 1.99B | 1.49B | 1.22B |
| Cash, Cash Equivalents and Short-Term Investments | 5.00M | 1.50M | 31.80M | 6.10M | 94.70M | 3.70M |
| Total Debt | 959.70M | 755.10M | 799.20M | 707.00M | 398.60M | 572.80M |
| Total Liabilities | 1.34B | 1.19B | 1.25B | 1.15B | 813.40M | 1.05B |
| Stockholders Equity | 731.70M | 737.70M | 784.50M | 831.50M | 676.40M | 175.20M |
Cash Flow | ||||||
| Free Cash Flow | -108.90M | 78.60M | -73.90M | -328.70M | -32.60M | 146.00M |
| Operating Cash Flow | 292.60M | 328.60M | 192.80M | 282.50M | 245.00M | 292.60M |
| Investing Cash Flow | -394.30M | -142.70M | -127.50M | -615.10M | -280.40M | -127.70M |
| Financing Cash Flow | 102.10M | -216.20M | -39.60M | 244.00M | 126.40M | -162.80M |
Cargojet Technical Analysis
Cargojet Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$1.22B | 12.83 | 9.33% | 5.76% | 5.53% | -21.87% | |
72 Outperform | C$640.22M | 18.64 | 14.38% | 3.04% | -0.73% | 221.74% | |
70 Outperform | C$4.20B | 28.91 | 9.88% | 3.32% | 15.47% | 9.40% | |
67 Neutral | $1.15B | 9.63 | 16.75% | 1.76% | 7.71% | 3170.43% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $5.63B | ― | -10.66% | ― | -0.09% | -109.21% | |
60 Neutral | ― | ― | 15.64% | 0.86% | 0.34% | 10.40% |
Cargojet Corporate Events
Cargojet Inc., a prominent Canadian air cargo carrier, specializes in time-sensitive premium air cargo services across North America, operating a fleet of 41 freighter aircraft. In its latest earnings report for the third quarter of 2025, Cargojet showcased its resilience amidst economic challenges, with a notable increase in domestic network revenue by over 6% year-over-year, despite a decline in total revenues due to macroeconomic impacts on its ACMI and Charter services.
Cargojet’s recent earnings call painted a picture of balanced optimism and caution, with strong domestic growth and strategic leadership transitions at the forefront. The company is poised for future expansion with new routes, yet faces challenges from global trade disruptions impacting ACMI and charter revenues.
Cargojet announced the retirement of Co-CEO and Founding Member Jamie B. Porteous, effective December 31, 2025. Jamie, who has been pivotal in transforming Cargojet into a premier air cargo carrier, will remain as a Strategic Advisor until the end of 2026 to ensure a smooth transition. His leadership has been instrumental in building strong customer partnerships and fostering a culture of service excellence. The company acknowledges his significant contributions and looks forward to his continued guidance in his advisory role.
The most recent analyst rating on (TSE:CJT) stock is a Buy with a C$120.00 price target. To see the full list of analyst forecasts on Cargojet stock, see the TSE:CJT Stock Forecast page.
Cargojet has announced that Pauline Dhillon will become the Chief Executive Officer effective January 1, 2026. Dhillon, who has been with the company since its inception, has played a pivotal role in its growth and development. Her leadership is expected to drive Cargojet’s expansion into European and Asian markets, leveraging its strong business model and customer relationships to tap into high-growth opportunities.
The most recent analyst rating on (TSE:CJT) stock is a Buy with a C$120.00 price target. To see the full list of analyst forecasts on Cargojet stock, see the TSE:CJT Stock Forecast page.
Cargojet Inc. reported its third-quarter financial results, showcasing a strong performance in its domestic network with a 6% increase in revenue year-over-year, despite facing macroeconomic challenges that affected its ACMI and Charter services. The company achieved a robust EBITDA margin of 32% and a significant increase in free cash flow, demonstrating effective cost and capital management. However, total revenues decreased by 10.5%, and net earnings fell by 70.4%, primarily due to declines in ACMI and Charter revenues.
The most recent analyst rating on (TSE:CJT) stock is a Buy with a C$120.00 price target. To see the full list of analyst forecasts on Cargojet stock, see the TSE:CJT Stock Forecast page.
Cargojet Inc. is expanding its operations by launching a direct air cargo service connecting Canada with Europe, starting November 1, 2025. This new service will enhance Cargojet’s global network by linking Liege Airport, a key European cargo hub, with Canada’s major cargo centers. The initiative aims to strengthen transatlantic trade, offering faster transit times and greater flexibility for shippers, and is part of Cargojet’s long-term expansion strategy to solidify its position in the global logistics market.
The most recent analyst rating on (TSE:CJT) stock is a Buy with a C$120.00 price target. To see the full list of analyst forecasts on Cargojet stock, see the TSE:CJT Stock Forecast page.
Cargojet Inc. has successfully renewed its International Air Transport Association (IATA) Operational Safety Audit (IOSA) registration, underscoring its commitment to maintaining high safety and compliance standards. This achievement reinforces Cargojet’s reputation for operational excellence and reliability in the air cargo industry, highlighting the dedication of its team to uphold these standards.
The most recent analyst rating on (TSE:CJT) stock is a Buy with a C$135.00 price target. To see the full list of analyst forecasts on Cargojet stock, see the TSE:CJT Stock Forecast page.
Cargojet Inc. has successfully redeemed its outstanding $115 million 5.25% senior unsecured hybrid debentures due in 2026, using proceeds from a previous offering of 4.599% senior unsecured notes. This strategic financial move reflects Cargojet’s proactive management of its debt obligations, potentially enhancing its financial stability and market positioning.
The most recent analyst rating on (TSE:CJT) stock is a Buy with a C$135.00 price target. To see the full list of analyst forecasts on Cargojet stock, see the TSE:CJT Stock Forecast page.
Cargojet Inc. announced it will release its third-quarter financial results on November 4, 2025, after market close. A conference call to discuss these results will be held on November 5, 2025, led by the company’s co-CEOs and CFO, which may provide insights into the company’s operational performance and market positioning.
The most recent analyst rating on (TSE:CJT) stock is a Buy with a C$149.00 price target. To see the full list of analyst forecasts on Cargojet stock, see the TSE:CJT Stock Forecast page.
Cargojet Inc. has announced a quarterly cash dividend of $0.35 per common and variable voting share for the period from July 1, 2025, to September 30, 2025. This move reflects the company’s commitment to providing shareholder value and may impact its financial positioning positively, reinforcing its status as a key player in the air cargo industry.
The most recent analyst rating on (TSE:CJT) stock is a Hold with a C$109.00 price target. To see the full list of analyst forecasts on Cargojet stock, see the TSE:CJT Stock Forecast page.
Cargojet Inc. announced its plan to redeem all outstanding 5.25% senior unsecured hybrid debentures on October 9, 2025, ahead of their original maturity date in 2026. This strategic financial move will be funded by proceeds from a recent offering of 4.599% senior unsecured notes, potentially enhancing Cargojet’s financial flexibility and market positioning.
The most recent analyst rating on (TSE:CJT) stock is a Buy with a C$116.00 price target. To see the full list of analyst forecasts on Cargojet stock, see the TSE:CJT Stock Forecast page.
Cargojet has successfully retained its ISO 9001:2015 Quality Standard Accreditation for the twenty-third consecutive year, reinforcing its commitment to high-quality, safe, and reliable service. This achievement highlights the dedication of Cargojet’s team and the effectiveness of its quality management systems, solidifying its position as the only air cargo carrier in Canada with this consistent certification.
The most recent analyst rating on (TSE:CJT) stock is a Hold with a C$120.00 price target. To see the full list of analyst forecasts on Cargojet stock, see the TSE:CJT Stock Forecast page.
Cargojet’s recent earnings call painted a picture of robust domestic growth and successful charter business operations, despite facing challenges such as global economic uncertainty and softness in European routes. The company expressed optimism about future growth and improvements, underpinned by long-term client contracts and operational resilience.
Cargojet Inc., a leading provider of time-sensitive premium air cargo services across North America, operates a fleet of Boeing aircraft and offers dedicated, ACMI, and international charter services. In its second quarter financial results for 2025, Cargojet reported total revenues of $238.2 million, marking a 3.2% increase from the previous year, driven by a 14% rise in domestic revenues and a 22% growth in charter revenues. Despite a net loss of $3.2 million, the company achieved a record on-time arrival performance of 99.5% and improved its adjusted EBITDA by 1.4% to $80.2 million. Key highlights include a significant reduction in net loss by 87.2% compared to the previous year and an adjusted earnings per share increase to $1.02. The company also noted a 42.3% decrease in net cash from operating activities. Looking ahead, Cargojet’s management remains focused on delivering shareholder value through cost management and productivity initiatives, while anticipating new opportunities from the EU-US trade deal.
Cargojet Inc. reported a 3.2% increase in total revenues for the second quarter of 2025, driven by significant growth in domestic and charter revenues. Despite a net loss of $3.2 million, the company achieved record on-time performance and improved adjusted EBITDA margins, highlighting effective cost management and productivity initiatives. The EU-US trade deal is expected to open new opportunities in the coming quarters, potentially enhancing Cargojet’s position in the air cargo market.
The most recent analyst rating on (TSE:CJT) stock is a Hold with a C$120.00 price target. To see the full list of analyst forecasts on Cargojet stock, see the TSE:CJT Stock Forecast page.
Cargojet has extended its strategic partnership with DHL until 2033, with potential extensions to 2037, aiming for a revenue target of up to C$3.2 billion. This agreement solidifies Cargojet’s position as a key player in global logistics, offering a comprehensive range of air-transportation services to support DHL’s global network. The partnership includes a minimum monthly block hours guarantee and opportunities for Cargojet to expand its routes. Additionally, Cargojet will issue warrants to DHL, aligning interests and strengthening their long-term relationship.
The most recent analyst rating on (TSE:CJT) stock is a Hold with a C$120.00 price target. To see the full list of analyst forecasts on Cargojet stock, see the TSE:CJT Stock Forecast page.
Cargojet Inc. has extended its strategic agreement with DHL Network Operations until 2033, with potential extensions to 2037, aiming for a revenue target of up to C$3.2 billion. This agreement strengthens Cargojet’s position as a key player in global logistics, offering a comprehensive range of air transportation services to support DHL’s logistics network. The partnership will see Cargojet providing preferred opportunities for additional routes and includes a new warrant agreement tied to business volume delivery, reflecting a deepened commitment between the two companies.
The most recent analyst rating on (TSE:CJT) stock is a Hold with a C$120.00 price target. To see the full list of analyst forecasts on Cargojet stock, see the TSE:CJT Stock Forecast page.