CAE Inc. (CAE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 22, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 40-F for FY2025, filed Jun 20, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CAE SEC filings page.
CAE Inc. (CAE) reported $3.3B in revenue for fiscal year 2025, up 3.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of CAE Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
CAE Inc. has an operating margin of 15.5%, meaning the company retains $15 of operating profit per $100 of revenue. This results in a moderate score of 53/100, indicating healthy but not exceptional operating efficiency. This is up from -4.3% the prior year.
CAE Inc.'s revenue grew a modest 3.5% year-over-year to $3.3B. This slow but positive growth earns a score of 50/100.
CAE Inc. has a moderate D/E ratio of 0.63. This balance of debt and equity financing earns a leverage score of 56/100.
CAE Inc.'s current ratio of 0.80 is below the typical benchmark, resulting in a score of 11/100. This tight liquidity could limit financial flexibility if cash inflows slow.
CAE Inc. has a free cash flow margin of 11.5%, earning a moderate score of 59/100. The company generates positive cash flow after capital investments, but with room for improvement.
CAE Inc.'s ROE of 8.3% shows moderate profitability relative to equity, earning a score of 42/100. This is up from -7.2% the prior year.
CAE Inc. scores 1.95, placing it in the grey zone between 1.81 and 2.99. The largest contribution to the score comes from a market capitalization of $8.1B against total liabilities of $4.3B. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
CAE Inc. passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
For every $1 of reported earnings, CAE Inc. generates $2.21 in operating cash flow ($623.5M OCF vs $281.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
CAE Inc. earns $4.67 in operating income for every $1 of interest expense ($507.1M vs $108.5M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
CAE Inc. generated $3.3B in revenue in fiscal year 2025. This represents an increase of 3.5% from the prior year.
CAE Inc. reported $281.9M in net income in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
CAE Inc. earned $0.88 per diluted share (EPS) in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Not reported for fiscal year 2025.
Cash & Balance Sheet
CAE Inc. generated $375.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 114.6% from the prior year.
CAE Inc. held $204.3M in cash against $2.1B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
CAE Inc.'s gross margin was 27.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.
CAE Inc.'s operating margin was 15.5% in fiscal year 2025, reflecting core business profitability. This is up 19.8 percentage points from the prior year.
CAE Inc.'s net profit margin was 8.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 15.7 percentage points from the prior year.
CAE Inc.'s ROE was 8.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 15.5 percentage points from the prior year.
Capital Allocation
CAE Inc. invested $85.7M in research and development in fiscal year 2025. This represents a decrease of 22.6% from the prior year.
CAE Inc. spent $14.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
CAE Inc. invested $247.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 1.7% from the prior year.
CAE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.3B+3.5% | $3.2B+6.7% | $3.0B+9.8% | $2.7B+13.9% | $2.4B-7.5% | $2.6B+3.7% | $2.5B+12.9% | $2.2B+7.9% | $2.0B |
| Cost of Revenue | $2.4B+2.6% | $2.3B+6.8% | $2.2B+11.8% | $1.9B+9.7% | $1.8B-1.9% | $1.8B+1.7% | $1.8B+17.2% | $1.5B+6.2% | $1.4B |
| Gross Profit | $904.2M+6.0% | $852.7M+6.4% | $801.1M+4.7% | $765.5M+25.8% | $608.5M-20.7% | $767.3M+8.9% | $704.7M+3.5% | $681.0M+11.8% | $609.0M |
| R&D Expenses | $85.7M-22.6% | $110.6M+16.0% | $95.4M-1.4% | $96.8M+16.2% | $83.3M-14.5% | $97.4M+28.3% | $75.9M-14.8% | $89.1M+7.0% | $83.3M |
| Operating Income | $507.1Mn/m | -$136.9M-139.7% | $344.5M+51.3% | $227.7M+491.4% | $38.5M-89.9% | $380.3M+5.7% | $359.7M+0.2% | $359.0M+31.1% | $273.8M |
| Interest Expense | $108.5M-8.4% | $118.5M+13.2% | $104.7M+25.5% | $83.4M+4.6% | $79.7M+7.1% | $74.4M+57.6% | $47.2M+14.0% | $41.4M+2.8% | $40.3M |
| Income Tax | $68.6Mn/m | -$53.8M-216.2% | $46.3M+1504.8% | $2.9Mn/m | -$31.6M-160.4% | $52.3M+17.1% | $44.6M+86.1% | $24.0M-9.3% | $26.4M |
| Net Income | $281.9Mn/m | -$224.5M-236.4% | $164.7M+45.0% | $113.5Mn/m | -$37.5M-117.0% | $220.5M-10.7% | $247.0M-8.0% | $268.4M+42.2% | $188.8M |
| EPS (Basic) | $0.88n/m | -$0.75-247.6% | $0.51+38.5% | $0.37n/m | -$0.14-116.3% | $0.83-10.7% | $0.93-7.3% | $1.00+41.8% | $0.71 |
| EPS (Diluted) | $0.88n/m | -$0.75-247.6% | $0.51+41.5% | $0.36n/m | -$0.14-116.5% | $0.82-10.8% | $0.92-7.3% | $0.99+42.2% | $0.70 |
| Diluted Shares (Avg) | 320M+0.5% | 318M-0.1% | 318M+1.8% | 313M+15.0% | 272M+1.6% | 268M-0.1% | 268M-0.5% | 269M-0.1% | 270M |
Not reported in any period shown, so not listed: SG&A Expenses, EBITDA.
CAE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.8B+7.4% | $7.3B-5.9% | $7.7B+0.6% | $7.7B+10.3% | $7.0B+15.9% | $6.0B+12.0% | $5.4B+19.6% | $4.5B+10.7% | $4.1B |
| Current Assets | $1.5B+0.6% | $1.5B-10.3% | $1.7B-4.0% | $1.7B-36.0% | $2.7B+35.1% | $2.0B+25.7% | $1.6B-4.0% | $1.6B+11.7% | $1.5B |
| Cash & Equivalents | $204.3M+72.7% | $118.2M-26.5% | $160.9M-42.0% | $277.3M-62.4% | $736.7M+9.9% | $670.2M+100.7% | $333.9M-29.6% | $474.4M+25.2% | $378.9M |
| Inventory | $413.8M-2.3% | $423.6M-1.8% | $431.3M+3.6% | $416.4M-19.2% | $515.3M+18.1% | $436.3M+8.5% | $401.9M+0.4% | $400.4M-2.9% | $412.1M |
| Accounts Receivable | $425.6M-7.7% | $461.4M+1.3% | $455.2M+2.0% | $446.2M+8.2% | $412.5M+2.9% | $400.8M+8.0% | $371.3M+5.9% | $350.6M+3.8% | $337.9M |
| Goodwill | $1.7B+16.5% | $1.5B-26.1% | $2.0B-0.3% | $2.0B+111.5% | $933.3M-35.9% | $1.5B-4.1% | $1.5B+85.4% | $818.9M+15.6% | $708.7M |
| Total Liabilities | $4.3B+6.2% | $4.1B-5.5% | $4.3B-1.7% | $4.4B-0.1% | $4.4B+5.3% | $4.2B+17.5% | $3.6B+31.8% | $2.7B+6.3% | $2.5B |
| Current Liabilities | $1.9B+7.3% | $1.7B+4.9% | $1.7B-0.8% | $1.7B-20.0% | $2.1B+43.5% | $1.5B+3.2% | $1.4B+23.7% | $1.1B+7.9% | $1.1B |
| Non-Current Liabilities | $2.5B+5.4% | $2.3B-12.0% | $2.7B-2.3% | $2.7B+18.0% | $2.3B-15.2% | $2.7B+26.8% | $2.1B+37.7% | $1.6B+5.1% | $1.5B |
| Long-Term Debt | $2.1B+4.6% | $2.0B-9.0% | $2.2B-0.1% | $2.2B+32.3% | $1.7B-22.8% | $2.2B+42.3% | $1.5B+64.8% | $937.6M+3.8% | $903.5M |
| Total Equity | $3.4B+9.0% | $3.1B-6.4% | $3.3B+3.8% | $3.2B+28.6% | $2.5B+41.7% | $1.8B+1.0% | $1.7B+0.9% | $1.7B+18.0% | $1.5B |
| Retained Earnings | $1.5B+12.9% | $1.3B-14.3% | $1.5B+6.7% | $1.4B+16.0% | $1.2B+9.1% | $1.1B+3.2% | $1.1B+7.0% | $1.0B+20.6% | $845.4M |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
CAE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $623.5M+48.9% | $418.7M+38.7% | $302.0M-9.9% | $335.0M+14.9% | $291.6M-24.4% | $386.0M-2.8% | $397.0M+26.9% | $312.9M-10.2% | $348.5M |
| Capital Expenditures | $247.7M+1.7% | $243.6M+22.6% | $198.7M-8.9% | $218.1M+154.8% | $85.6M-57.3% | $200.7M+6.5% | $188.5M+39.7% | $134.9M-19.4% | $167.3M |
| Free Cash Flow | $375.8M+114.6% | $175.1M+69.7% | $103.2M-11.8% | $117.0M-43.2% | $206.0M+11.2% | $185.3M-11.1% | $208.5M+17.2% | $178.0M-1.8% | $181.2M |
| Investing Cash Flow | -$509.3Mn/m | -$159.1Mn/m | -$296.3Mn/m | -$1.8Bn/m | -$273.2Mn/m | -$351.1Mn/m | -$1.0Bn/m | -$131.1M-167.4% | $194.6M |
| Financing Cash Flow | -$34.6Mn/m | -$291.9Mn/m | -$112.8M-111.2% | $1.0Bn/m | -$16.9M-105.4% | $314.0M-39.2% | $516.7Mn/m | -$110.5Mn/m | -$136.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | $0-100.0% | $78.5M+5.0% | $74.8M+7.2% | $69.7M+15.3% | $60.5M |
| Share Buybacks | $14.8M | N/A | N/A | N/A | N/A | $35.1M-50.3% | $70.7M+103.3% | $34.8M+11.0% | $31.3M |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation.
CAE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.6%+0.7pp | 27.0%-0.1pp | 27.0%-1.3pp | 28.3%+2.7pp | 25.7%-4.3pp | 29.9%+1.4pp | 28.5%-2.6pp | 31.1%+1.1pp | 30.0% |
| Operating Margin | 15.5%+19.8pp | -4.3%-16.0pp | 11.6%+3.2pp | 8.4%+6.8pp | 1.6%-13.2pp | 14.8%+0.3pp | 14.5%-1.8pp | 16.4%+2.9pp | 13.5% |
| Net Margin | 8.6%+15.7pp | -7.1%-12.7pp | 5.5%+1.3pp | 4.2%+5.8pp | -1.6%-10.2pp | 8.6%-1.4pp | 10.0%-2.3pp | 12.3%+2.9pp | 9.3% |
| Return on Equity | 8.3%+15.5pp | -7.2%-12.1pp | 4.9%+1.4pp | 3.5%+5.0pp | -1.5%-14.0pp | 12.5%-1.7pp | 14.2%-1.4pp | 15.5%+2.6pp | 12.9% |
| Return on Assets | 3.6%+6.7pp | -3.1%-5.2pp | 2.1%+0.6pp | 1.5%+2.0pp | -0.5%-4.2pp | 3.7%-0.9pp | 4.6%-1.4pp | 6.0%+1.3pp | 4.7% |
| Current Ratio | 0.80-0.1x | 0.85-0.1x | 0.990.0x | 1.03-0.3x | 1.28-0.1x | 1.36+0.2x | 1.12-0.3x | 1.440.0x | 1.39 |
| Debt-to-Equity | 0.630.0x | 0.650.0x | 0.670.0x | 0.700.0x | 0.68-0.6x | 1.25+0.4x | 0.89+0.3x | 0.54-0.1x | 0.62 |
| Liabilities-to-Equity | 1.280.0x | 1.310.0x | 1.30-0.1x | 1.37-0.4x | 1.76-0.6x | 2.37+0.3x | 2.04+0.5x | 1.56-0.2x | 1.73 |
| Asset Turnover | 0.420.0x | 0.44+0.1x | 0.380.0x | 0.350.0x | 0.34-0.1x | 0.430.0x | 0.460.0x | 0.490.0x | 0.50 |
| FCF Margin | 11.5%+5.9pp | 5.5%+2.1pp | 3.5%-0.9pp | 4.3%-4.4pp | 8.7%+1.5pp | 7.2%-1.2pp | 8.4%+0.3pp | 8.1%-0.8pp | 8.9% |
Note: The current ratio is below 1.0 (0.80), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| CAE Inc. CAE | FY2025 | $3.3B | $281.9M | 8.6% | $8.1B | 45/100 |
| StandardAero, Inc. SARO | FY2025 | $6.1B | $277.4M | 4.6% | $7.2B | 56/100 |
| Loar Holdings Inc. LOAR | FY2025 | $496.3M | $72.1M | 14.5% | $6.1B | 69/100 |
| Archer Aviation Inc. ACHR | FY2025 | $300K | -$618.2M | N/A | $2.9B | — |
| Hexcel Corporation HXL | FY2025 | $1.9B | $109.4M | 5.8% | $6.1B | 52/100 |
Where CAE Inc. Ranks
Frequently Asked Questions
What is CAE Inc.'s annual revenue?
CAE Inc. (CAE) reported $3.3B in total revenue for fiscal year 2025. This represents a 3.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is CAE Inc.'s revenue growing?
CAE Inc. (CAE) revenue grew by 3.5% year-over-year, from $3.2B to $3.3B in fiscal year 2025.
Is CAE Inc. profitable?
Yes, CAE Inc. (CAE) reported a net income of $281.9M in fiscal year 2025, with a net profit margin of 8.6%.
How much debt does CAE Inc. have?
As of fiscal year 2025, CAE Inc. (CAE) had $204.3M in cash and equivalents against $2.1B in long-term debt.
What is CAE Inc.'s gross margin?
CAE Inc. (CAE) had a gross margin of 27.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is CAE Inc.'s operating margin?
CAE Inc. (CAE) had an operating margin of 15.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is CAE Inc.'s net profit margin?
CAE Inc. (CAE) had a net profit margin of 8.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is CAE Inc.'s return on equity (ROE)?
CAE Inc. (CAE) has a return on equity of 8.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is CAE Inc.'s free cash flow?
CAE Inc. (CAE) generated $375.8M in free cash flow during fiscal year 2025. This represents a 114.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is CAE Inc.'s operating cash flow?
CAE Inc. (CAE) generated $623.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are CAE Inc.'s total assets?
CAE Inc. (CAE) had $7.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are CAE Inc.'s capital expenditures?
CAE Inc. (CAE) invested $247.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does CAE Inc. spend on research and development?
CAE Inc. (CAE) invested $85.7M in research and development during fiscal year 2025.
What is CAE Inc.'s current ratio?
CAE Inc. (CAE) had a current ratio of 0.80 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is CAE Inc.'s debt-to-equity ratio?
CAE Inc. (CAE) had a debt-to-equity ratio of 0.63 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is CAE Inc.'s liabilities-to-equity ratio?
CAE Inc. (CAE) had a liabilities-to-equity ratio of 1.28 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is CAE Inc.'s return on assets (ROA)?
CAE Inc. (CAE) had a return on assets of 3.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is CAE Inc.'s P/E ratio?
CAE Inc. (CAE) trades at 28.6x earnings, its market capitalization divided by $281.9M net income, FY2025. The market capitalization is $8.1B as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is CAE Inc.'s price-to-sales ratio?
CAE Inc. (CAE) trades at 2.5x sales, its market capitalization divided by $3.3B revenue, FY2025. The market capitalization is $8.1B as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is CAE Inc.'s Altman Z-Score?
CAE Inc. (CAE) has an Altman Z-Score of 1.95, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is CAE Inc.'s Piotroski F-Score?
CAE Inc. (CAE) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are CAE Inc.'s earnings high quality?
CAE Inc. (CAE) has an earnings quality ratio of 2.21x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can CAE Inc. cover its interest payments?
CAE Inc. (CAE) has an interest coverage ratio of 4.67x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is CAE Inc.?
CAE Inc. (CAE) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.