Constellation Software Inc.

TSX:CSU Stock Report

Market Cap: CA$54.3b

Constellation Software Past Earnings Performance

Past criteria checks 1/6

Constellation Software has been growing earnings at an average annual rate of 13.8%, while the Software industry saw earnings growing at 34.1% annually. Revenues have been growing at an average rate of 21% per year. Constellation Software's return on equity is 13.7%, and it has net margins of 4.4%.

Key information

13.76%

Earnings growth rate

13.76%

EPS growth rate

Software Industry Growth8.18%
Revenue growth rate20.95%
Return on equity13.73%
Net Margin4.41%
Last Earnings Update31 Dec 2025

Recent past performance updates

Recent updates

AI Adoption And Permanent Minority Stakes Will Transform This Vertical Market Software Compounder

Catalysts About Constellation Software Constellation Software acquires and operates mission critical vertical market software businesses around the world. What are the underlying business or industry changes driving this perspective?

Constellation Software: The Fortress the AI Panic Forgot to Account For

Headline: Constellation Software (CSU): Why the AI Sell-off is a Category Error (and a Generational Buy) The market is currently punishing Constellation Software by applying a "generic AI disruption" narrative that fundamentally misunderstands the DNA of the business. Investors are pricing CSU as if it were a commodity software play, when in reality, it is a holding company for critical digital infrastructure.

Constellation Software Inc.'s (TSE:CSU) 29% Cheaper Price Remains In Tune With Earnings

Feb 04
Constellation Software Inc.'s (TSE:CSU) 29% Cheaper Price Remains In Tune With Earnings

Constellation Software (TSE:CSU) Has A Rock Solid Balance Sheet

Jan 01
Constellation Software (TSE:CSU) Has A Rock Solid Balance Sheet

With Constellation Software Inc. (TSE:CSU) It Looks Like You'll Get What You Pay For

Dec 03
With Constellation Software Inc. (TSE:CSU) It Looks Like You'll Get What You Pay For

Calculating The Fair Value Of Constellation Software Inc. (TSE:CSU)

Aug 29
Calculating The Fair Value Of Constellation Software Inc. (TSE:CSU)

Subdued Growth No Barrier To Constellation Software Inc.'s (TSE:CSU) Price

Jul 13
Subdued Growth No Barrier To Constellation Software Inc.'s (TSE:CSU) Price

Is Constellation Software (TSE:CSU) Using Too Much Debt?

Jun 13
Is Constellation Software (TSE:CSU) Using Too Much Debt?

When Should You Buy Constellation Software Inc. (TSE:CSU)?

Jun 01
When Should You Buy Constellation Software Inc. (TSE:CSU)?

Constellation Software Inc. Just Missed Earnings - But Analysts Have Updated Their Models

May 14
Constellation Software Inc. Just Missed Earnings - But Analysts Have Updated Their Models

A Look At The Intrinsic Value Of Constellation Software Inc. (TSE:CSU)

May 03
A Look At The Intrinsic Value Of Constellation Software Inc. (TSE:CSU)

Revenue & Expenses Breakdown

How Constellation Software makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:CSU Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2511,6235121,0340
30 Sep 2511,1496879870
30 Jun 2510,7426419380
31 Mar 2510,3677629100
31 Dec 2410,0667318740
30 Sep 249,6865878350
30 Jun 249,2706497980
31 Mar 248,8415767430
31 Dec 238,4075657110
30 Sep 237,9325766750
30 Jun 237,5314866410
31 Mar 237,1105086090
31 Dec 226,6225125560
30 Sep 226,1564845000
30 Jun 225,7324544530
31 Mar 225,3614173950
31 Dec 215,1063103590
30 Sep 214,8153342860
30 Jun 214,5183502590
31 Mar 214,1923442340
31 Dec 203,9694362470
30 Sep 203,8343803040
30 Jun 203,7003393210
31 Mar 203,6243293430
31 Dec 193,4903333310
30 Sep 193,3654203300
30 Jun 193,2544043290
31 Mar 193,1613833350
31 Dec 183,0603793410
30 Sep 182,9172763270
30 Jun 182,7952653160
31 Mar 182,6422642960
31 Dec 172,4792222770
30 Sep 172,3562122620
30 Jun 172,2652252500
31 Mar 172,1932292430
31 Dec 162,1252072360
30 Sep 162,0732072290
30 Jun 161,9881852190
31 Mar 161,9021632100
31 Dec 151,8381772020
30 Sep 151,7671511970
30 Jun 151,7251371960
31 Mar 151,6971271920

Quality Earnings: CSU has a large one-off loss of $315.0M impacting its last 12 months of financial results to 31st December, 2025.

Growing Profit Margin: CSU's current net profit margins (4.4%) are lower than last year (7.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CSU's earnings have grown by 13.8% per year over the past 5 years.

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

Earnings vs Industry: CSU had negative earnings growth (-30%) over the past year, making it difficult to compare to the Software industry average (14.3%).

Return on Equity

High ROE: CSU's Return on Equity (13.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/17 16:15
End of Day Share Price 2026/03/17 00:00
Earnings2025/12/31
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

Constellation Software Inc. is covered by 21 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harriet LiAccountability Research Corporation
Richard TseATB Cormark Historical (Cormark Securities)
Phillip HuangBarclays