Boralex Financial Statements From 2010 to 2025

BLX Stock  CAD 32.92  1.19  3.75%   
Boralex's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Boralex's valuation are provided below:
Gross Profit
628 M
Profit Margin
0.0134
Market Capitalization
3.3 B
Enterprise Value Revenue
8.8478
Revenue
822 M
We have found one hundred twenty available fundamental signals for Boralex, which can be analyzed and compared to other ratios and to its rivals. Self-guided Investors are advised to validate Boralex's prevailing fundamentals against the trend between 2010 and 2025 to make sure the company can sustain itself down the road. As of the 21st of July 2025, Market Cap is likely to grow to about 3.1 B. Also, Enterprise Value is likely to grow to about 7 B

Boralex Total Revenue

895.65 Million

Check Boralex financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Boralex's main balance sheet or income statement drivers, such as Interest Expense of 128.1 M, Total Revenue of 895.6 M or Gross Profit of 687.8 M, as well as many indicators such as Price To Sales Ratio of 3.63, Dividend Yield of 0.0268 or PTB Ratio of 1.38. Boralex financial statements analysis is a perfect complement when working with Boralex Valuation or Volatility modules.
  
This module can also supplement various Boralex Technical models . Check out the analysis of Boralex Correlation against competitors.

Boralex Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding56.2 M102.8 M68.8 M
Slightly volatile
Total AssetsB7.6 BB
Slightly volatile
Short and Long Term Debt Total4.4 B4.2 B2.5 B
Slightly volatile
Other Current Liabilities8.6 MM130 M
Slightly volatile
Total Current LiabilitiesB965 M441.1 M
Slightly volatile
Total Stockholder Equity1.7 B1.6 B836.7 M
Slightly volatile
Property Plant And Equipment Net4.7 B4.4 B2.4 B
Slightly volatile
Net Debt3.5 B3.4 B2.2 B
Slightly volatile
Accounts Payable408.4 M389 M83 M
Slightly volatile
Cash621.6 M592 M228.9 M
Slightly volatile
Non Current Assets TotalB6.7 B3.6 B
Slightly volatile
Non Currrent Assets Other282.4 M269 M93.9 M
Slightly volatile
Cash And Short Term Investments633.1 M603 M231.8 M
Slightly volatile
Net Receivables277.2 M264 M128.3 M
Slightly volatile
Common Stock Total Equity1.6 B1.5 B830.8 M
Slightly volatile
Liabilities And Stockholders EquityB7.6 BB
Slightly volatile
Non Current Liabilities Total4.8 B4.6 B2.6 B
Slightly volatile
Inventory19.4 M25.3 M26.6 M
Very volatile
Total Liabilities5.9 B5.6 BB
Slightly volatile
Property Plant And Equipment Gross6.6 B6.3 B2.9 B
Slightly volatile
Total Current Assets969.1 M923 M418 M
Slightly volatile
Short Term Debt4.8 MM170 M
Slightly volatile
Common Stock1.6 B1.5 B843.7 M
Slightly volatile
Other Current Assets32.7 M37 M43.1 M
Pretty Stable
Intangible Assets673.1 M963 M615.8 M
Slightly volatile
Good Will169.2 M237 M154.8 M
Slightly volatile
Other Liabilities607.4 M578.5 M265.1 M
Slightly volatile
Other Assets465.1 M443 M153.4 M
Slightly volatile
Long Term Debt2.7 B3.6 B2.2 B
Slightly volatile
Long Term Investments621.6 M592 M242.6 M
Slightly volatile
Short and Long Term Debt247.8 M344 M421.7 M
Slightly volatile
Property Plant EquipmentB4.4 B2.4 B
Slightly volatile
Deferred Long Term Liabilities856.8 K963.9 K1.1 M
Slightly volatile
Long Term Debt Total3.2 B3.9 B2.5 B
Slightly volatile
Capital Surpluse10.5 M12 M9.3 M
Slightly volatile
Non Current Liabilities Other361.2 M344 M72.8 M
Slightly volatile
Cash And Equivalents304 M592 M211.9 M
Slightly volatile
Net Invested CapitalB5.6 B4.1 B
Slightly volatile
Capital Stock1.4 B1.5 B1.1 B
Slightly volatile
Capital Lease Obligations325.4 M340 M248.3 M
Slightly volatile

Boralex Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Total Revenue895.6 M853 M483.6 M
Slightly volatile
Gross Profit687.8 M655 M349.9 M
Slightly volatile
Operating Income199.5 M190 M107.2 M
Slightly volatile
EBITDA624.3 M594.5 M298.8 M
Slightly volatile
Depreciation And Amortization359.8 M342.7 M182.3 M
Slightly volatile
Selling General Administrative78.8 M75 M34 M
Slightly volatile
Other Operating Expenses961.2 M915.4 M411 M
Slightly volatile
Total Operating Expenses658.4 M627 M265.7 M
Slightly volatile
Cost Of Revenue146.3 M198 M135.3 M
Slightly volatile
Research Development59.9 M57 M22.1 M
Slightly volatile
Discontinued Operations2.4 MM2.4 M
Slightly volatile
Reconciled Depreciation304 M302 M232.4 M
Slightly volatile

Boralex Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow495.6 M472 M188.9 M
Slightly volatile
Other Non Cash Items123.9 M118 M79.9 M
Slightly volatile
Capital Expenditures474.6 M452 M217 M
Slightly volatile
Total Cash From Operating Activities146.8 M215 M201.8 M
Slightly volatile
End Period Cash Flow616.4 M587 M227.2 M
Slightly volatile
Depreciation176.4 M297 M177.3 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio3.633.45893.7117
Slightly volatile
Dividend Yield0.02680.0230.03
Slightly volatile
PTB Ratio1.381.84292.0423
Slightly volatile
Book Value Per Share20.6919.704911.9
Slightly volatile
Operating Cash Flow Per Share1.422.09212.4666
Slightly volatile
Stock Based Compensation To Revenue0.0040.00320.0033
Slightly volatile
Capex To Depreciation2.781.49671.6969
Slightly volatile
PB Ratio1.381.84292.0423
Slightly volatile
Inventory Turnover14.0117.8618.0476
Pretty Stable
Days Of Inventory On Hand29.4416.5539.1152
Very volatile
Payables Turnover1.391.464.0804
Slightly volatile
Sales General And Administrative To Revenue0.07780.08790.0711
Slightly volatile
Cash Per Share6.055.76072.9006
Slightly volatile
POCF Ratio6.9613.72298.2381
Slightly volatile
Capex To Operating Cash Flow1.862.10231.3389
Very volatile
Days Payables Outstanding301287134
Slightly volatile
EV To Operating Cash Flow32.5230.97421.6659
Slightly volatile
Intangibles To Total Assets0.0960.15780.1895
Very volatile
Current Ratio0.890.95651.0025
Pretty Stable
Graham Number7.511.08128.696
Slightly volatile
Shareholders Equity Per Share16.3615.579110.5319
Slightly volatile
Debt To Equity1.832.68643.106
Pretty Stable
Capex Per Share4.624.39832.9122
Slightly volatile
Revenue Per Share8.728.30046.0425
Slightly volatile
Interest Debt Per Share45.2143.058933.1192
Slightly volatile
Debt To Assets0.430.56560.6351
Slightly volatile
Short Term Coverage Ratios0.820.6251.1724
Pretty Stable
Price Book Value Ratio1.381.84292.0423
Slightly volatile
Days Of Payables Outstanding301287134
Slightly volatile
Price To Operating Cash Flows Ratio6.9613.72298.2381
Slightly volatile
Operating Profit Margin0.250.26490.5558
Slightly volatile
Company Equity Multiplier3.054.74954.7476
Very volatile
Long Term Debt To Capitalization0.470.69320.7135
Slightly volatile
Total Debt To Capitalization0.50.72870.7371
Slightly volatile
Debt Equity Ratio1.832.68643.106
Pretty Stable
Ebit Per Revenue0.250.26490.5558
Slightly volatile
Quick Ratio0.840.95650.9696
Pretty Stable
Dividend Paid And Capex Coverage Ratio0.680.41351.0828
Pretty Stable
Cash Ratio0.430.61350.5217
Very volatile
Days Of Inventory Outstanding29.4416.5539.1152
Very volatile
Cash Flow Coverage Ratios0.04750.050.0803
Pretty Stable
Price To Book Ratio1.381.84292.0423
Slightly volatile
Capital Expenditure Coverage Ratio0.770.47571.2623
Very volatile
Price Cash Flow Ratio6.9613.72298.2381
Slightly volatile
Debt Ratio0.430.56560.6351
Slightly volatile
Cash Flow To Debt Ratio0.04750.050.0803
Pretty Stable
Price Sales Ratio3.633.45893.7117
Slightly volatile
Price Fair Value1.381.84292.0423
Slightly volatile

Boralex Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap3.1 BB1.9 B
Slightly volatile
Enterprise ValueB6.7 B4.2 B
Slightly volatile

Boralex Fundamental Market Drivers

Forward Price Earnings33.7838
Cash And Short Term Investments603 M

About Boralex Financial Statements

Boralex investors utilize fundamental indicators, such as revenue or net income, to predict how Boralex Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue430.1 M451.6 M
Total Revenue853 M895.6 M
Cost Of Revenue198 M146.3 M
Sales General And Administrative To Revenue 0.09  0.08 
Research And Ddevelopement To Revenue 0.07  0.07 
Capex To Revenue 0.53  0.56 
Revenue Per Share 8.30  8.72 
Ebit Per Revenue 0.26  0.25 

Pair Trading with Boralex

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Boralex position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Boralex will appreciate offsetting losses from the drop in the long position's value.

Moving together with Boralex Stock

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  0.67RY-PS Royal BankPairCorr
The ability to find closely correlated positions to Boralex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boralex when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Boralex - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Boralex to buy it.
The correlation of Boralex is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Boralex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boralex moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Boralex can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Boralex Stock

Boralex financial ratios help investors to determine whether Boralex Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Boralex with respect to the benefits of owning Boralex security.