Cargojet Inc
CJT
ISIN null / Valor 47787578
Cargojet Inc
UMushroom community rating:
About company
Cargojet Inc. is a Canada-based all‑cargo airline and air logistics provider that operates scheduled and on‑demand freight services across North America and internationally, serving parcel integrators, e-commerce companies, retailers, manufacturers and freight forwarders. The company runs a mixed fleet of jet and regional freighters to support an overnight express network, charter operations and contract air cargo solutions, and it also offers capacity and network services to third‑party logistics customers. Headquartered in the Toronto area and publicly listed on the Toronto Stock Exchange, Cargojet has grown from a domestic operator into a platform focused on time‑sensitive air freight and logistics solutions under market contract arrangements.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (29.05.2026):
Cargojet Inc.'s fourth quarter (Q4) 2025 results show solid operating profitability but weaker bottom-line earnings and cash flow compared with Q4 2024: adjusted EBITDA rose to $95.0 million (+$3.3M, +3.6%) and adjusted EBITDA margin expanded to 33.4% (up 210 bps), while total revenues were $284.7 million (‑2.9% YoY). Net earnings fell to $26.6 million (‑62.6% YoY) largely due to higher net finance costs and other losses, and free cash flow was an outflow of $9.8 million (improved vs prior year outflow).
Adjusted EBITDA and margin
Adjusted EBITDA for Q4 2025 was $95.0M, up $3.3M (3.6%) year‑over‑year; adjusted EBITDA margin expanded to 33.4% (up 210 basis points), driven primarily by lower direct and SG&A costs excluding depreciation and share‑based compensation.
Revenue mix and total revenue
Total revenues were $284.7M in Q4 2025, down 2.9% YoY. Domestic revenue increased by ~16.9% ($17.4M) but declines in ACMI and charter revenues (attributed to macroeconomic conditions) more than offset that gain.
Net earnings and EPS
Net earnings were $26.6M in Q4 2025, a decrease of $44.6M (‑62.6%) vs Q4 2024; diluted EPS was $1.76 (Q4 2024 diluted $4.28). The decline was driven largely by a $37.7M increase in net finance costs and other gains/losses.
Cash flow and capital activity
Net cash from operating activities was $34.1M in Q4 2025 (down $69.5M YoY). Free cash flow was a negative $9.8M (an improvement vs a $33.3M outflow in Q4 2024), reflecting lower proceeds from disposals and purchases of PPE (Q4 purchases $47.5M; proceeds $3.6M).
Operational performance
Cargojet reported 99% on‑time performance in the quarter despite a challenging winter operating environment. Block hours fell ~10.1% YoY (19,153 vs 21,307), while operating days were unchanged.
Full‑year context and priorities
For the full year 2025, adjusted EBITDA was $326.4M (down 1.5% YoY) and adjusted EBITDA margin was 32.9%. Management emphasized priorities of profitable growth, maximizing asset utilization, cost discipline and safety as drivers to protect and grow shareholder value.
Fleet and workforce
Cargojet operated a fleet of 41 cargo aircraft at year‑end and reported headcount of 1,930 (down 51 employees, ‑2.6% YoY).
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
931 M
Market cap (USD)
43,660
Daily traded volume (Shares)
103.53 / 101.26
1 day high/low (USD)
52 weeks high/low (USD)
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