CAE financial statements
The full income statement, balance sheet, and cash-flow statement for CAE Inc. (CAE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Income Statement | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| Revenue | 3.56B+5.3% | 3.38B+6.4% | 3.18B+4.7% | 3.03B+12.8% | 2.69B+19.2% | |
| 1.01B+7.9% | 933M+9.0% | 856M+4.5% | 819M+7.5% | 762M+31.7% | ||
| Cost of revenue | 2.55B+4.3% | 2.44B+5.4% | 2.32B+4.8% | 2.21B+14.8% | 1.93B+14.9% | |
| Research & development | 104M+17.9% | 88.4M-20.4% | 111M+13.9% | 97.5M+1.2% | 96.4M+21.7% | |
| Operating income | 443M-15.3% | 523M+480.5% | -137M-139.0% | 352M+55.4% | 227M+519.2% | |
| Interest expense | 167M-1.7% | 170M+2.9% | 165M+16.7% | 141M+23.6% | 114M+1.7% | |
| Pre-tax income | 290M-21.4% | 369M+227.3% | -289M-230.9% | 221M+80.4% | 123M+285.7% | |
| Income tax | 56.1M-20.8% | 70.8M+231.2% | -54.0M-214.1% | 47.3M+1548.1% | 2.87M+109.6% | |
| 234M-21.5% | 298M+235.5% | -220M-225.3% | 175M+46.5% | 120M+433.0% | ||
| Net income to common | 227M-22.1% | 291M+229.0% | -225M-233.9% | 168M+49.0% | 113M+416.6% | |
| $0.70-22.9% | $0.91 | — | — | — | ||
| EPS (basic) | $0.71-22.1% | $0.91 | — | — | — | |
| Weighted-avg shares (basic) | 321M+0.6% | 319M+0.3% | 318M+0.2% | 318M+2.1% | 311M+14.3% | |
| Weighted-avg shares (diluted) | 322M+0.8% | 320M+0.5% | 318M-0.1% | 318M+1.8% | 313M+15.0% | |
| Balance Sheet | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| 1.63B+9.3% | 1.49B+0.6% | 1.48B-10.4% | 1.65B-3.8% | 1.72B-36.1% | ||
| Cash & equivalents | 397M+94.5% | 204M+72.7% | 118M-26.6% | 161M-41.9% | 277M-62.5% | |
| Accounts receivable | 449M+5.5% | 425M-7.8% | 461M+1.3% | 456M+2.2% | 446M+7.9% | |
| Inventory | 327M-20.9% | 414M-2.4% | 424M-1.9% | 432M+3.8% | 416M-19.4% | |
| 8.01B+2.8% | 7.79B+7.3% | 7.26B-6.0% | 7.72B+0.8% | 7.66B+10.0% | ||
| Property, plant & equipment | 2.15B+3.5% | 2.08B+11.9% | 1.86B+5.2% | 1.77B+3.7% | 1.70B+8.6% | |
| Goodwill | 1.72B+1.7% | 1.70B+16.5% | 1.46B-26.1% | 1.97B-0.1% | 1.97B+111.0% | |
| 1.70B-9.1% | 1.87B+7.2% | 1.74B+4.8% | 1.66B-0.6% | 1.67B-20.2% | ||
| Short-term & current debt | 181M-34.7% | 277M+21.6% | 228M+43.6% | 159M-17.9% | 193M+12.3% | |
| 4.14B-4.5% | 4.34B+6.1% | 4.08B-5.6% | 4.33B-1.5% | 4.39B-0.3% | ||
| Long-term debt | 2.14B+0.4% | 2.13B+4.5% | 2.04B-9.1% | 2.25B+0.1% | 2.24B+32.0% | |
| 3.81B+12.2% | 3.40B+9.0% | 3.12B-6.5% | 3.34B+4.0% | 3.21B+28.3% | ||
| Total equity incl. non-controlling | 3.87B+12.0% | 3.46B+8.9% | 3.18B-6.4% | 3.40B+3.8% | 3.27B+27.8% | |
| Common shares issued | 322M+0.5% | 320M+0.6% | 318M+0.1% | 318M+0.3% | 317M+8.1% | |
| Shares outstanding (cover) | 322M+0.5% | 320M+0.6% | 318M+0.1% | 318M+0.3% | 317M+8.1% | |
| Cash Flow | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| 573M-10.9% | 643M+53.0% | 420M+36.1% | 309M-7.4% | 334M+20.3% | ||
| Depreciation & amortization | 333M+11.9% | 298M+7.0% | 278M+7.4% | 259M+4.5% | 248M+2.5% | |
| Capital expenditure | 208M-18.5% | 256M+4.5% | 245M+20.3% | 203M-6.4% | 217M+166.8% | |
| Free cash flow | 365M-5.9% | 388M+120.5% | 176M+66.6% | 106M-9.4% | 116M-40.6% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 64.8M-72.8% | 238M-26.0% | 321M+1262.7% | 23.6M-93.1% | 342M+199.5% | |
| Long-term debt repaid | 202M-12.4% | 231M-16.1% | 275M+125.6% | 122M+15.5% | 105M+61.8% | |
| Common stock issued | 33.5M-30.4% | 48.1M+732.3% | 5.78M-53.1% | 12.3M-97.8% | 555M-10.6% | |
| Common stock repurchased | 5.07M-66.8% | 15.3M | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Valuation Ratios | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| Market cap | 8.38B+6.4% | 7.88B+20.0% | 6.56B-8.8% | 7.19B-13.0% | 8.27B+6.7% | |
| P/E | 35.9×+35.6% | 26.5×-29.3% | 37.4×-8.8% | 41.0×-40.6% | 69.1× | |
| P/S | 2.4×+1.0% | 2.3×+7.8% | 2.2×-8.8% | 2.4×-22.8% | 3.1×-10.5% | |
| P/B | 2.2×-5.1% | 2.3×+17.7% | 2.0×-8.8% | 2.2×-16.3% | 2.6×-16.8% | |
| P/FCF | 23.0×+13.0% | 20.3×-67.3% | 62.2×-8.8% | 68.2×-4.0% | 71.0×+79.5% | |
| Earnings yield | 2.8%-26.3% | 3.8%+41.5% | 2.7%+9.6% | 2.4%+68.4% | 1.4% | |
| FCF yield | 4.4%-11.5% | 4.9%+206.0% | 1.6%+9.6% | 1.5%+4.2% | 1.4%-44.3% | |
| Source filing | 40-F | 40-F | 40-F | 40-F | 40-F |
About this data
Source: CAE’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CAE filings on SEC EDGAR → Not investment advice.