{
  "ticker": {
    "uuid": "3b5d25ad-bff7-4b94-af92-c8e5e306bce9",
    "symbol": "MRC",
    "name": "Morguard Corporation",
    "exchange": "TOR",
    "exchange_name": "Toronto Stock Exchange",
    "country": "CA",
    "currency": "CAD",
    "sector": "Real Estate",
    "industry": "Real Estate - Diversified",
    "page_url": "https://sharemaestro.com/factors/ticker/3b5d25ad-bff7-4b94-af92-c8e5e306bce9/",
    "api_url": "https://sharemaestro.com/factors/api/tickers/3b5d25ad-bff7-4b94-af92-c8e5e306bce9/"
  },
  "latest_snapshot": {
    "ticker": {
      "uuid": "3b5d25ad-bff7-4b94-af92-c8e5e306bce9",
      "symbol": "MRC",
      "name": "Morguard Corporation",
      "exchange": "TOR",
      "exchange_name": "Toronto Stock Exchange",
      "country": "CA",
      "currency": "CAD",
      "sector": "Real Estate",
      "industry": "Real Estate - Diversified",
      "page_url": "https://sharemaestro.com/factors/ticker/3b5d25ad-bff7-4b94-af92-c8e5e306bce9/",
      "api_url": "https://sharemaestro.com/factors/api/tickers/3b5d25ad-bff7-4b94-af92-c8e5e306bce9/"
    },
    "week_end_date": "2026-08-09",
    "universe": "CAD_CA",
    "score": {
      "os": 0.67,
      "value": 0.9,
      "quality": 0.35,
      "momentum": 0.16,
      "coverage": 0.909,
      "confidence": 0.851,
      "delta": 0.01
    },
    "headline_factors": {
      "price": 114.08,
      "market_cap": 1218167138.0,
      "pe_ratio": 6.2311,
      "earnings_yield": 0.0629,
      "ebitda_to_ev": 0.0745,
      "shareholder_yield": 0.0088,
      "roe": 0.0437,
      "piotroski_f_score": 6,
      "momentum_12_1": 0.0322,
      "volatility_252d": 0.123
    },
    "strategy_flags": {
      "market_leader": false,
      "cornerstone_value": false,
      "cornerstone_growth": false,
      "tiny_titan": false,
      "all_cap_buyback": false,
      "small_cap_core": false,
      "veiled_value": false,
      "earnings_consistent_5y": false
    },
    "factor_groups": {
      "valuation": {
        "pe_ratio": 6.2311,
        "ev_ebitda": 13.4283,
        "earnings_yield": 0.0629,
        "fcf_yield": 0.0274,
        "shareholder_yield": 0.0088
      },
      "quality": {
        "roe": 0.0437,
        "roic": 0.0333,
        "gross_margin": 0.3995,
        "fcf_margin": 0.1718,
        "piotroski_f_score": 6
      },
      "growth": {
        "revenue_growth_1y": -0.0018,
        "eps_growth_1y": -0.3293,
        "fcf_growth_1y": -0.1424
      },
      "momentum": {
        "price_return_12m": -0.0269,
        "momentum_12_1": 0.0322,
        "relative_strength": -0.3375
      },
      "scores": {
        "value_percentile": 0.9,
        "quality_percentile": 0.35,
        "momentum_percentile": 0.16,
        "growth_composite": 92,
        "yield_composite": 81,
        "overall_composite": 33,
        "os_score": 0.67,
        "factor_coverage": 0.909,
        "signal_confidence": 0.851
      }
    }
  },
  "factor_history": [
    {
      "week_end_date": "2026-06-07",
      "price": 121.8,
      "os": 0.69,
      "value": 0.88,
      "quality": 0.36,
      "momentum": 0.23,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 6.6527,
      "earnings_yield": 0.0621,
      "shareholder_yield": 0.0082,
      "roe": 0.0437,
      "momentum_12_1": 0.103
    },
    {
      "week_end_date": "2026-06-14",
      "price": 120.8,
      "os": 0.7,
      "value": 0.88,
      "quality": 0.36,
      "momentum": 0.23,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 6.5982,
      "earnings_yield": 0.0622,
      "shareholder_yield": 0.0083,
      "roe": 0.0437,
      "momentum_12_1": 0.1114
    },
    {
      "week_end_date": "2026-06-21",
      "price": 124.95,
      "os": 0.68,
      "value": 0.88,
      "quality": 0.34,
      "momentum": 0.22,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 6.8249,
      "earnings_yield": 0.0618,
      "shareholder_yield": 0.008,
      "roe": 0.0437,
      "momentum_12_1": 0.059
    },
    {
      "week_end_date": "2026-06-28",
      "price": 122,
      "os": 0.69,
      "value": 0.88,
      "quality": 0.35,
      "momentum": 0.22,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 6.6637,
      "earnings_yield": 0.0621,
      "shareholder_yield": 0.0082,
      "roe": 0.0437,
      "momentum_12_1": 0.0389
    },
    {
      "week_end_date": "2026-07-05",
      "price": 121.1,
      "os": 0.69,
      "value": 0.88,
      "quality": 0.35,
      "momentum": 0.22,
      "confidence": 0.931,
      "coverage": 0.939,
      "pe_ratio": 6.6146,
      "earnings_yield": 0.0622,
      "shareholder_yield": 0.0083,
      "roe": 0.0437,
      "momentum_12_1": 0.0377
    },
    {
      "week_end_date": "2026-07-12",
      "price": 121,
      "os": 0.68,
      "value": 0.88,
      "quality": 0.35,
      "momentum": 0.21,
      "confidence": 0.92,
      "coverage": 0.939,
      "pe_ratio": 6.6091,
      "earnings_yield": 0.0622,
      "shareholder_yield": 0.0083,
      "roe": 0.0437,
      "momentum_12_1": 0.0251
    },
    {
      "week_end_date": "2026-07-19",
      "price": 118,
      "os": 0.67,
      "value": 0.89,
      "quality": 0.35,
      "momentum": 0.2,
      "confidence": 0.91,
      "coverage": 0.939,
      "pe_ratio": 6.4452,
      "earnings_yield": 0.0625,
      "shareholder_yield": 0.0085,
      "roe": 0.0437,
      "momentum_12_1": 0.0534
    },
    {
      "week_end_date": "2026-07-26",
      "price": 117.95,
      "os": 0.69,
      "value": 0.89,
      "quality": 0.34,
      "momentum": 0.21,
      "confidence": 0.9,
      "coverage": 0.939,
      "pe_ratio": 6.4425,
      "earnings_yield": 0.0625,
      "shareholder_yield": 0.0085,
      "roe": 0.0437,
      "momentum_12_1": 0.0393
    },
    {
      "week_end_date": "2026-08-02",
      "price": 112,
      "os": 0.66,
      "value": 0.89,
      "quality": 0.35,
      "momentum": 0.16,
      "confidence": 0.889,
      "coverage": 0.939,
      "pe_ratio": 6.1175,
      "earnings_yield": 0.0631,
      "shareholder_yield": 0.0089,
      "roe": 0.0437,
      "momentum_12_1": 0.0242
    },
    {
      "week_end_date": "2026-08-09",
      "price": 114.08,
      "os": 0.67,
      "value": 0.9,
      "quality": 0.35,
      "momentum": 0.16,
      "confidence": 0.851,
      "coverage": 0.909,
      "pe_ratio": 6.2311,
      "earnings_yield": 0.0629,
      "shareholder_yield": 0.0088,
      "roe": 0.0437,
      "momentum_12_1": 0.0322
    }
  ],
  "financial_periods": {
    "annual": [
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1105680000,
          "cost_of_revenue": 594609000,
          "gross_profit": 511071000,
          "ebit": 504210000,
          "ebitda": 492771000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 174870000,
          "net_income_to_common": 174870000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 184618000,
          "total_current_assets": 464610000,
          "total_assets": 11842378000,
          "short_term_debt": 1278726000,
          "long_term_debt": 3985945000,
          "total_debt": 5457023000,
          "total_liabilities": null,
          "total_equity": 4385453000,
          "shares_outstanding": 10678094,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 214438000,
          "capital_expenditure": -2691000,
          "free_cash_flow": 211747000,
          "dividends_paid": -8521000,
          "share_repurchases": -5245000,
          "shares_issued": null,
          "net_debt_issued": 105154000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1105680000,
          "cost_of_revenue": 594609000,
          "gross_profit": 511071000,
          "ebit": 504210000,
          "ebitda": 492771000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 174870000,
          "net_income_to_common": 174870000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 184618000,
          "total_current_assets": 464610000,
          "total_assets": 11842378000,
          "short_term_debt": 1278726000,
          "long_term_debt": 3985945000,
          "total_debt": 5457023000,
          "total_liabilities": null,
          "total_equity": 4385453000,
          "shares_outstanding": 10678094,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 214438000,
          "capital_expenditure": -2691000,
          "free_cash_flow": 211747000,
          "dividends_paid": -8521000,
          "share_repurchases": -5245000,
          "shares_issued": null,
          "net_debt_issued": 105154000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1105680000,
          "cost_of_revenue": 594609000,
          "gross_profit": 511071000,
          "ebit": 504210000,
          "ebitda": 492771000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 174870000,
          "net_income_to_common": 174870000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 184618000,
          "total_current_assets": 464610000,
          "total_assets": 11842378000,
          "short_term_debt": 1278726000,
          "long_term_debt": 3985945000,
          "total_debt": 5457023000,
          "total_liabilities": null,
          "total_equity": 4385453000,
          "shares_outstanding": 10678094,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 214438000,
          "capital_expenditure": -2691000,
          "free_cash_flow": 211747000,
          "dividends_paid": -8521000,
          "share_repurchases": -5245000,
          "shares_issued": null,
          "net_debt_issued": 105154000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1105680000,
          "cost_of_revenue": 594609000,
          "gross_profit": 511071000,
          "ebit": 504210000,
          "ebitda": 492771000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 174870000,
          "net_income_to_common": 174870000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 184618000,
          "total_current_assets": 464610000,
          "total_assets": 11842378000,
          "short_term_debt": 1278726000,
          "long_term_debt": 3985945000,
          "total_debt": 5457023000,
          "total_liabilities": null,
          "total_equity": 4385453000,
          "shares_outstanding": 10678094,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 214438000,
          "capital_expenditure": -2691000,
          "free_cash_flow": 211747000,
          "dividends_paid": -8521000,
          "share_repurchases": -5245000,
          "shares_issued": null,
          "net_debt_issued": 105154000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1105680000,
          "cost_of_revenue": 594609000,
          "gross_profit": 511071000,
          "ebit": 504210000,
          "ebitda": 492771000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 174870000,
          "net_income_to_common": 174870000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 184618000,
          "total_current_assets": 464610000,
          "total_assets": 11842378000,
          "short_term_debt": 1278726000,
          "long_term_debt": 3985945000,
          "total_debt": 5457023000,
          "total_liabilities": null,
          "total_equity": 4385453000,
          "shares_outstanding": 10678094,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 214438000,
          "capital_expenditure": -2691000,
          "free_cash_flow": 211747000,
          "dividends_paid": -8521000,
          "share_repurchases": -5245000,
          "shares_issued": null,
          "net_debt_issued": 105154000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1105680000,
          "cost_of_revenue": 594609000,
          "gross_profit": 511071000,
          "ebit": 504210000,
          "ebitda": 492771000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 174870000,
          "net_income_to_common": 174870000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 184618000,
          "total_current_assets": 464610000,
          "total_assets": 11842378000,
          "short_term_debt": 1278726000,
          "long_term_debt": 3985945000,
          "total_debt": 5457023000,
          "total_liabilities": null,
          "total_equity": 4385453000,
          "shares_outstanding": 10678094,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 214438000,
          "capital_expenditure": -2691000,
          "free_cash_flow": 211747000,
          "dividends_paid": -8521000,
          "share_repurchases": -5245000,
          "shares_issued": null,
          "net_debt_issued": 105154000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1105680000,
          "cost_of_revenue": 594609000,
          "gross_profit": 511071000,
          "ebit": 504210000,
          "ebitda": 492771000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 174870000,
          "net_income_to_common": 174870000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 184618000,
          "total_current_assets": 464610000,
          "total_assets": 11842378000,
          "short_term_debt": 1278726000,
          "long_term_debt": 3985945000,
          "total_debt": 5457023000,
          "total_liabilities": null,
          "total_equity": 4385453000,
          "shares_outstanding": 10678094,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 214438000,
          "capital_expenditure": -2691000,
          "free_cash_flow": 211747000,
          "dividends_paid": -8521000,
          "share_repurchases": -5245000,
          "shares_issued": null,
          "net_debt_issued": 105154000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1105680000,
          "cost_of_revenue": 594609000,
          "gross_profit": 511071000,
          "ebit": 504210000,
          "ebitda": 492771000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 174870000,
          "net_income_to_common": 174870000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 184618000,
          "total_current_assets": 464610000,
          "total_assets": 11842378000,
          "short_term_debt": 1278726000,
          "long_term_debt": 3985945000,
          "total_debt": 5457023000,
          "total_liabilities": null,
          "total_equity": 4385453000,
          "shares_outstanding": 10678094,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 214438000,
          "capital_expenditure": -2691000,
          "free_cash_flow": 211747000,
          "dividends_paid": -8521000,
          "share_repurchases": -5245000,
          "shares_issued": null,
          "net_debt_issued": 105154000
        }
      }
    ],
    "quarterly": [
      {
        "period_end_date": "2026-06-30",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 2,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 273121000,
          "cost_of_revenue": 134163000,
          "gross_profit": 138958000,
          "ebit": 137756000,
          "ebitda": 178827000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 84701000,
          "net_income_to_common": 84701000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 374658000,
          "total_current_assets": 653807000,
          "total_assets": 12392362000,
          "short_term_debt": 1225154000,
          "long_term_debt": 4233495000,
          "total_debt": 5688653000,
          "total_liabilities": null,
          "total_equity": 4608672000,
          "shares_outstanding": 10678183,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 65342000,
          "capital_expenditure": -868000,
          "free_cash_flow": 64474000,
          "dividends_paid": -2124000,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 165404000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 270456000,
          "cost_of_revenue": 198906000,
          "gross_profit": 71550000,
          "ebit": 70274000,
          "ebitda": 140341000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 58471000,
          "net_income_to_common": 58471000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 192957000,
          "total_current_assets": 456541000,
          "total_assets": 12016927000,
          "short_term_debt": 1539712000,
          "long_term_debt": 3739955000,
          "total_debt": 5491053000,
          "total_liabilities": null,
          "total_equity": 4477696000,
          "shares_outstanding": 10678183,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 35021000,
          "capital_expenditure": -1315000,
          "free_cash_flow": 33706000,
          "dividends_paid": -2126000,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 1485000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 270456000,
          "cost_of_revenue": 198906000,
          "gross_profit": 71550000,
          "ebit": 70274000,
          "ebitda": 140341000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 58471000,
          "net_income_to_common": 58471000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 192957000,
          "total_current_assets": 456541000,
          "total_assets": 12016927000,
          "short_term_debt": 1539712000,
          "long_term_debt": 3739955000,
          "total_debt": 5491053000,
          "total_liabilities": null,
          "total_equity": 4477696000,
          "shares_outstanding": 10678183,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 35021000,
          "capital_expenditure": -1315000,
          "free_cash_flow": 33706000,
          "dividends_paid": -2126000,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 1485000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 270456000,
          "cost_of_revenue": 198906000,
          "gross_profit": 71550000,
          "ebit": 70274000,
          "ebitda": 140341000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 58471000,
          "net_income_to_common": 58471000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 192957000,
          "total_current_assets": 456541000,
          "total_assets": 12016927000,
          "short_term_debt": 1539712000,
          "long_term_debt": 3739955000,
          "total_debt": 5491053000,
          "total_liabilities": null,
          "total_equity": 4477696000,
          "shares_outstanding": 10678183,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 35021000,
          "capital_expenditure": -1315000,
          "free_cash_flow": 33706000,
          "dividends_paid": -2126000,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 1485000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 270456000,
          "cost_of_revenue": 198906000,
          "gross_profit": 71550000,
          "ebit": 70274000,
          "ebitda": 140341000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 58471000,
          "net_income_to_common": 58471000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 192957000,
          "total_current_assets": 456541000,
          "total_assets": 12016927000,
          "short_term_debt": 1539712000,
          "long_term_debt": 3739955000,
          "total_debt": 5491053000,
          "total_liabilities": null,
          "total_equity": 4477696000,
          "shares_outstanding": 10678183,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 35021000,
          "capital_expenditure": -1315000,
          "free_cash_flow": 33706000,
          "dividends_paid": -2126000,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 1485000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 270456000,
          "cost_of_revenue": 198906000,
          "gross_profit": 71550000,
          "ebit": 70274000,
          "ebitda": 140341000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 58471000,
          "net_income_to_common": 58471000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 192957000,
          "total_current_assets": 456541000,
          "total_assets": 12016927000,
          "short_term_debt": 1539712000,
          "long_term_debt": 3739955000,
          "total_debt": 5491053000,
          "total_liabilities": null,
          "total_equity": 4477696000,
          "shares_outstanding": 10678183,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 35021000,
          "capital_expenditure": -1315000,
          "free_cash_flow": 33706000,
          "dividends_paid": -2126000,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 1485000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 270456000,
          "cost_of_revenue": 198906000,
          "gross_profit": 71550000,
          "ebit": 70274000,
          "ebitda": 140341000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 58471000,
          "net_income_to_common": 58471000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 192957000,
          "total_current_assets": 456541000,
          "total_assets": 12016927000,
          "short_term_debt": 1539712000,
          "long_term_debt": 3739955000,
          "total_debt": 5491053000,
          "total_liabilities": null,
          "total_equity": 4477696000,
          "shares_outstanding": 10678183,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 35021000,
          "capital_expenditure": -1315000,
          "free_cash_flow": 33706000,
          "dividends_paid": -2126000,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 1485000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 270456000,
          "cost_of_revenue": 198906000,
          "gross_profit": 71550000,
          "ebit": 70274000,
          "ebitda": 140341000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 58471000,
          "net_income_to_common": 58471000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 192957000,
          "total_current_assets": 456541000,
          "total_assets": 12016927000,
          "short_term_debt": 1539712000,
          "long_term_debt": 3739955000,
          "total_debt": 5491053000,
          "total_liabilities": null,
          "total_equity": 4477696000,
          "shares_outstanding": 10678183,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 35021000,
          "capital_expenditure": -1315000,
          "free_cash_flow": 33706000,
          "dividends_paid": -2126000,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 1485000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 270456000,
          "cost_of_revenue": 198906000,
          "gross_profit": 71550000,
          "ebit": 70274000,
          "ebitda": 140341000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 58471000,
          "net_income_to_common": 58471000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 192957000,
          "total_current_assets": 456541000,
          "total_assets": 12016927000,
          "short_term_debt": 1539712000,
          "long_term_debt": 3739955000,
          "total_debt": 5491053000,
          "total_liabilities": null,
          "total_equity": 4477696000,
          "shares_outstanding": 10678183,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 35021000,
          "capital_expenditure": -1315000,
          "free_cash_flow": 33706000,
          "dividends_paid": -2126000,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 1485000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 270456000,
          "cost_of_revenue": 198906000,
          "gross_profit": 71550000,
          "ebit": 70274000,
          "ebitda": 140341000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 58471000,
          "net_income_to_common": 58471000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 192957000,
          "total_current_assets": 456541000,
          "total_assets": 12016927000,
          "short_term_debt": 1539712000,
          "long_term_debt": 3739955000,
          "total_debt": 5491053000,
          "total_liabilities": null,
          "total_equity": 4477696000,
          "shares_outstanding": 10678183,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 35021000,
          "capital_expenditure": -1315000,
          "free_cash_flow": 33706000,
          "dividends_paid": -2126000,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 1485000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 278016000,
          "cost_of_revenue": 129354000,
          "gross_profit": 148662000,
          "ebit": 147290000,
          "ebitda": 96003000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 24890000,
          "net_income_to_common": 24890000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 184618000,
          "total_current_assets": 464610000,
          "total_assets": 11842378000,
          "short_term_debt": 1278726000,
          "long_term_debt": 3985945000,
          "total_debt": 5457023000,
          "total_liabilities": null,
          "total_equity": 4385453000,
          "shares_outstanding": 10678094,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 71885000,
          "capital_expenditure": -635000,
          "free_cash_flow": 71250000,
          "dividends_paid": -2125000,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 10456000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 278016000,
          "cost_of_revenue": 129354000,
          "gross_profit": 148662000,
          "ebit": 147290000,
          "ebitda": 96003000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 24890000,
          "net_income_to_common": 24890000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 184618000,
          "total_current_assets": 464610000,
          "total_assets": 11842378000,
          "short_term_debt": 1278726000,
          "long_term_debt": 3985945000,
          "total_debt": 5457023000,
          "total_liabilities": null,
          "total_equity": 4385453000,
          "shares_outstanding": 10678094,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 71885000,
          "capital_expenditure": -635000,
          "free_cash_flow": 71250000,
          "dividends_paid": -2125000,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 10456000
        }
      }
    ]
  },
  "strategy_matches": [
    {
      "key": "os_composite",
      "name": "Combined Factor Score",
      "slug": "composite",
      "group": "multi_factor",
      "page_url": "/factors/composite/"
    },
    {
      "key": "deep_value",
      "name": "Deep Value",
      "slug": "deep-value",
      "group": "value",
      "page_url": "/factors/deep-value/"
    },
    {
      "key": "ebitda_ev",
      "name": "EBITDA/EV Value",
      "slug": "ebitda-ev",
      "group": "value",
      "page_url": "/factors/ebitda-ev/"
    },
    {
      "key": "sector_relative",
      "name": "Cheapest in Sector",
      "slug": "sector-relative",
      "group": "value",
      "page_url": "/factors/sector-relative/"
    },
    {
      "key": "capital_allocators",
      "name": "Capital Allocators",
      "slug": "capital-allocators",
      "group": "quality",
      "page_url": "/factors/capital-allocators/"
    },
    {
      "key": "risk_adj_momentum",
      "name": "Price Strength Relative to Volatility",
      "slug": "risk-adj-momentum",
      "group": "momentum",
      "page_url": "/factors/risk-adj-momentum/"
    },
    {
      "key": "shareholder_yield",
      "name": "Shareholder Yield",
      "slug": "shareholder-yield",
      "group": "income",
      "page_url": "/factors/shareholder-yield/"
    },
    {
      "key": "small_cap_value",
      "name": "Small Cap Value",
      "slug": "small-cap-value",
      "group": "universe",
      "page_url": "/factors/small-cap-value/"
    },
    {
      "key": "low_volatility",
      "name": "Low Volatility",
      "slug": "low-volatility",
      "group": "defensive",
      "page_url": "/factors/low-volatility/"
    }
  ],
  "coverage": {
    "factor_history_points": 10,
    "annual_financial_periods": 8,
    "quarterly_financial_periods": 12,
    "latest_factor_week": "2026-08-09",
    "latest_financials_period_end": "2026-03-31"
  },
  "schema": {
    "public_fields_only": true
  }
}