Pason Systems Inc.

TSX:PSI Stock Report

Market Cap: CA$1.1b

Pason Systems Past Earnings Performance

Past criteria checks 2/6

Pason Systems has been growing earnings at an average annual rate of 14.2%, while the Energy Services industry saw earnings growing at 30.5% annually. Revenues have been growing at an average rate of 17.5% per year. Pason Systems's return on equity is 9.3%, and it has net margins of 11.3%.

Key information

14.25%

Earnings growth rate

15.00%

EPS growth rate

Energy Services Industry Growth32.22%
Revenue growth rate17.53%
Return on equity9.31%
Net Margin11.31%
Next Earnings Update11 Aug 2026

Recent past performance updates

Analysis Article Nov 14

Pason Systems' (TSE:PSI) Sluggish Earnings Might Be Just The Beginning Of Its Problems

A lackluster earnings announcement from Pason Systems Inc. ( TSE:PSI ) last week didn't sink the stock price. We think...

Recent updates

Narrative Update May 26

PSI: Future Buybacks And Margin Delivery Will Support Bullish Return Potential

Analysts have lifted their CA$16.00 fair value estimate for Pason Systems to CA$16.60, citing recent target increases and upgrades that reflect updated assumptions for revenue growth, profit margins and a lower future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts have raised formal price targets for Pason Systems several times, which aligns with the higher CA$16.60 fair value estimate and signals confidence in the valuation framework being used.
Narrative Update May 09

PSI: Future Buybacks And Margin Assumptions Will Shape Balanced Return Potential

Analysts have lifted their CA$14.10 fair value estimate for Pason Systems to CA$16.00, citing updated assumptions for revenue growth, profit margins and future P/E that align with recent CA$2 and CA$1 price target increases from Street research. Analyst Commentary Bullish Takeaways Bullish analysts point to the recent CA$2 and CA$1 price target adjustments as validation that updated assumptions on revenue, margins and P/E are now better reflected in formal models.
Narrative Update Jan 11

PSI: Future Share Buybacks Will Support Undervalued Upside Potential

Analysts have trimmed their price target for Pason Systems by about $0.70, reflecting slightly lower assumed revenue growth and P/E multiples, partly offset by a modestly higher profit margin outlook. What's in the News Pason Systems Inc.
Analysis Article Dec 03

Pason Systems (TSE:PSI) Is Paying Out A Dividend Of CA$0.13

The board of Pason Systems Inc. ( TSE:PSI ) has announced that it will pay a dividend on the 31st of December, with...
Analysis Article Nov 14

Pason Systems' (TSE:PSI) Sluggish Earnings Might Be Just The Beginning Of Its Problems

A lackluster earnings announcement from Pason Systems Inc. ( TSE:PSI ) last week didn't sink the stock price. We think...
Analysis Article Nov 10

Pason Systems' (TSE:PSI) Dividend Will Be CA$0.13

The board of Pason Systems Inc. ( TSE:PSI ) has announced that it will pay a dividend on the 31st of December, with...
Analysis Article Aug 12

Pason Systems (TSE:PSI) Has Affirmed Its Dividend Of CA$0.13

Pason Systems Inc. ( TSE:PSI ) has announced that it will pay a dividend of CA$0.13 per share on the 29th of September...
Analysis Article Jul 19

Investors Aren't Buying Pason Systems Inc.'s (TSE:PSI) Earnings

Pason Systems Inc.'s ( TSE:PSI ) price-to-earnings (or "P/E") ratio of 13x might make it look like a buy right now...
Analysis Article May 05

Pason Systems (TSE:PSI) Has Announced A Dividend Of CA$0.13

Pason Systems Inc. ( TSE:PSI ) will pay a dividend of CA$0.13 on the 30th of June. This makes the dividend yield 4.5...
User avatar
New Narrative Mar 11

Integration Of Intelligent Wellhead Systems Will Expand Revenue But May Impact Margins

Strategic acquisitions and technological advancements in Completions, drilling, and analytics are key drivers for revenue growth and margin expansion.
Analysis Article Mar 02

Analyst Estimates: Here's What Brokers Think Of Pason Systems Inc. (TSE:PSI) After Its Annual Report

Last week, you might have seen that Pason Systems Inc. ( TSE:PSI ) released its full-year result to the market. The...
Analysis Article Feb 01

Benign Growth For Pason Systems Inc. (TSE:PSI) Underpins Its Share Price

With a price-to-earnings (or "P/E") ratio of 9.3x Pason Systems Inc. ( TSE:PSI ) may be sending bullish signals at the...
Analysis Article Nov 14

We Think That There Are More Issues For Pason Systems (TSE:PSI) Than Just Sluggish Earnings

A lackluster earnings announcement from Pason Systems Inc. ( TSE:PSI ) last week didn't sink the stock price. Our...
Analysis Article Oct 03

The Market Doesn't Like What It Sees From Pason Systems Inc.'s (TSE:PSI) Earnings Yet

Pason Systems Inc.'s ( TSE:PSI ) price-to-earnings (or "P/E") ratio of 9.5x might make it look like a buy right now...
Analysis Article Aug 02

Are Investors Undervaluing Pason Systems Inc. (TSE:PSI) By 34%?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Pason Systems fair value estimate is CA$24.63 Current share...
Analysis Article Jun 04

Earnings Working Against Pason Systems Inc.'s (TSE:PSI) Share Price

When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") above 15x, you may consider Pason...
Analysis Article May 10

We Think That There Are Some Issues For Pason Systems (TSE:PSI) Beyond Its Promising Earnings

The recent earnings posted by Pason Systems Inc. ( TSE:PSI ) were solid, but the stock didn't move as much as we...
Analysis Article Apr 26

Pason Systems Inc.'s (TSE:PSI) CEO Looks Due For A Compensation Raise

Key Insights Pason Systems to hold its Annual General Meeting on 2nd of May Salary of CA$485.0k is part of CEO Jon...
Analysis Article Mar 28

Pason Systems (TSE:PSI) Could Become A Multi-Bagger

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...
Analysis Article Jan 30

There Is A Reason Pason Systems Inc.'s (TSE:PSI) Price Is Undemanding

With a price-to-earnings (or "P/E") ratio of 9.7x Pason Systems Inc. ( TSE:PSI ) may be sending bullish signals at the...
Analysis Article Dec 13

Analysts' Revenue Estimates For Pason Systems Inc. (TSE:PSI) Are Surging Higher

Shareholders in Pason Systems Inc. ( TSE:PSI ) may be thrilled to learn that the analysts have just delivered a major...
Analysis Article Dec 08

Pason Systems (TSE:PSI) Is Due To Pay A Dividend Of CA$0.12

Pason Systems Inc.'s ( TSE:PSI ) investors are due to receive a payment of CA$0.12 per share on 29th of December. Based...
Analysis Article Nov 09

Pason Systems' (TSE:PSI) Dividend Will Be CA$0.12

Pason Systems Inc.'s ( TSE:PSI ) investors are due to receive a payment of CA$0.12 per share on 29th of December. This...
Analysis Article Oct 02

Is Pason Systems Inc. (TSE:PSI) Trading At A 41% Discount?

Key Insights Pason Systems' estimated fair value is CA$23.03 based on 2 Stage Free Cash Flow to Equity Current share...

Revenue & Expenses Breakdown

How Pason Systems makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSX:PSI Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26409465054
31 Dec 25419534954
30 Sep 25418625154
30 Jun 25423745053
31 Mar 25414685252
31 Dec 244141225251
30 Sep 244001135049
30 Jun 243871175046
31 Mar 243761313544
31 Dec 23369983741
30 Sep 233701253440
30 Jun 233701322940
31 Mar 233591252739
31 Dec 223351083038
30 Sep 22303833036
30 Jun 22269612935
31 Mar 22239482834
31 Dec 21207342532
30 Sep 21177212130
30 Jun 2114241927
31 Mar 21125-61826
31 Dec 2015771627
30 Sep 20192191729
30 Jun 20241382030
31 Mar 20287522331
31 Dec 19296542630
30 Sep 19309642830
30 Jun 19319732929
31 Mar 19315702928
31 Dec 18306632827
30 Sep 18291472826
30 Jun 18273302826
31 Mar 18260312726
31 Dec 17246252725
30 Sep 1722882624
30 Jun 17202-72023
31 Mar 17174-242222
31 Dec 16160-422323
30 Sep 16171-302824
30 Jun 16201-423726
31 Mar 16232-404329
31 Dec 15285-154432
30 Sep 15364332336
30 Jun 15429783937

Quality Earnings: PSI has high quality earnings.

Growing Profit Margin: PSI's current net profit margins (11.3%) are lower than last year (16.5%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: PSI has become profitable over the past 5 years, growing earnings by 14.2% per year.

Accelerating Growth: PSI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PSI had negative earnings growth (-32.4%) over the past year, making it difficult to compare to the Energy Services industry average (-19.2%).


Return on Equity

High ROE: PSI's Return on Equity (9.3%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/05 11:17
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Pason Systems Inc. is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dana BennerATB Cormark
John GibsonBMO Capital Markets Equity Research
Greg ColmanNational Bank Financial