CAE Inc. (CAE) Income Statement

NYSE: CAERevenue, profits, margins and EPS over 10 years.

CAE FY2026 at a glance

Fiscal year ended March 31, 2026 · Canadian dollars
Revenue+4.6%
C$4.93B
FY2026 · hover or tap a bar for each year
FY2017: C$2.70B (+7.6%)FY2018: C$2.83B (+4.6%)FY2019: C$3.30B (+16.8%)FY2020: C$2.55B (−23.0%)FY2021: C$2.98B (+17.1%)FY2022: C$3.37B (+13.1%)FY2023: C$4.01B (+19.0%)FY2024: C$4.28B (+6.8%)FY2025: C$4.71B (+9.9%)FY2026: C$4.93B (+4.6%)
FY2017FY2026
Gross profit+3.3%
C$1.34B
FY2026 · hover or tap a bar for each year
FY2017: C$811.2M (+16.6%)FY2018: C$876.9M (+8.1%)FY2019: C$941.5M (+7.4%)FY2020: C$729.8M (−22.5%)FY2021: C$765.0M (+4.8%)FY2022: C$955.5M (+24.9%)FY2023: C$1.08B (+13.4%)FY2024: C$1.15B (+6.6%)FY2025: C$1.30B (+12.6%)FY2026: C$1.34B (+3.3%)
FY2017FY2026
Operating income−14.4%
C$624.1M
FY2026 · hover or tap a bar for each year
FY2017: C$364.7M (+8.7%)FY2018: C$461.0M (+26.4%)FY2019: C$480.6M (+4.3%)FY2020: C$357.3M (−25.7%)FY2021: C$48.4M (−86.5%)FY2022: C$284.2M (+487.2%)FY2023: C$466.0M (+64.0%)FY2024: −C$185.4M (−139.8%)FY2025: C$729.2MFY2026: C$624.1M (−14.4%)
FY2017FY2026
Net income−22.5%
C$313.9M
FY2026 · hover or tap a bar for each year
FY2017: C$251.5M (+9.5%)FY2018: C$347.0M (+38.0%)FY2019: C$330.0M (−4.9%)FY2020: C$218.8M (−33.7%)FY2021: −C$47.2M (−121.6%)FY2022: C$141.7MFY2023: C$222.7M (+57.2%)FY2024: −C$304.0M (−236.5%)FY2025: C$405.3MFY2026: C$313.9M (−22.5%)
FY2017FY2026
Net profit margin−2.2 pts
6.4%
FY2026 · hover or tap a point for each year
FY2017: 9.3% (+0.2 pts)FY2018: 12.3% (+3.0 pts)FY2019: 10.0% (−2.3 pts)FY2020: 8.6% (−1.4 pts)FY2021: −1.6% (−10.2 pts)FY2022: 4.2% (+5.8 pts)FY2023: 5.6% (+1.3 pts)FY2024: −7.1% (−12.7 pts)FY2025: 8.6% (+15.7 pts)FY2026: 6.4% (−2.2 pts)
FY2017FY2026

CAE revenue and net income

RevenueNet incomeNet margin (right axis)

Where CAE's revenue goes

FY2026
Revenue
C$4.93B100.0%
Cost of revenue
−C$3.58B−72.7%
Gross profit
C$1.34B27.3%
Research & development
−C$95.2M−1.9%
Sales, general & admin
−C$624.3M−12.7%
Operating income
C$624.1M12.7%
Interest & other expense
−C$222.9M−4.5%
Income taxes
−C$77.7M−1.6%
Net income
C$313.9M6.4%

Each bar shows an amount and its share of revenue. CAE kept 6.4% of revenue as net income.

CAE profit margins

GrossOperatingNet

CAE growth rates

to FY2026
1 year3 years5 years10 years
Revenue+4.6%+7.1%+10.6%+7.0%
Gross profit+3.3%+7.4%+11.9%+6.8%
Operating income−14.4%+10.2%+66.8%+6.4%
Net income−22.5%+12.1%—+3.2%

1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.

CAE income statement in Canadian dollars

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
RevenueC$4.93BC$4.71BC$4.28BC$4.01BC$3.37BC$2.98BC$2.55BC$3.30BC$2.83BC$2.70B
Cost of revenueC$3.58BC$3.41BC$3.13BC$2.93BC$2.42BC$2.22BC$1.82BC$2.36BC$1.95BC$1.89B
Gross profitC$1.34BC$1.30BC$1.15BC$1.08BC$955.5MC$765.0MC$729.8MC$941.5MC$876.9MC$811.2M
Research & developmentC$95.2MC$123.2MC$149.8MC$129.0MC$120.8MC$104.7MC$69.0MC$101.4MC$114.9MC$111.0M
Sales, general & adminC$624.3MC$565.4MC$540.8MC$504.8MC$494.4MC$398.9MC$437.5MC$415.2MC$380.8MC$364.4M
Total operating expensesC$719.5MC$570.9MC$1.34BC$617.5MC$671.3MC$716.6MC$372.5MC$524.0MC$497.0MC$469.5M
Operating incomeC$624.1MC$729.2M−C$185.4MC$466.0MC$284.2MC$48.4MC$357.3MC$480.6MC$461.0MC$364.7M
Interest incomeC$12.0MC$13.8MC$11.0MC$141.7MC$9.1MC$108.1MC$116.5MC$58.3MC$50.5MC$54.3M
Interest expenseC$231.3MC$193.9MC$180.2MC$135.8MC$110.4MC$113.1MC$105.6MC$68.4MC$58.8MC$59.0M
Income before taxesC$401.2MC$513.7M−C$390.4MC$292.4MC$153.6M−C$87.2MC$275.9MC$399.7MC$384.8MC$292.3M
Income taxesC$77.7MC$98.7M−C$72.8MC$62.6MC$3.6M−C$39.7MC$51.8MC$59.6MC$29.1MC$35.2M
Net incomeC$313.9MC$405.3M−C$304.0MC$222.7MC$141.7M−C$47.2MC$218.8MC$330.0MC$347.0MC$251.5M
EBITDAC$1.08BC$1.12BC$164.6MC$785.9MC$577.1MC$351.0MC$573.2MC$682.6MC$644.0MC$565.2M
Gross margin27.3%27.6%27.0%27.0%28.3%25.7%28.7%28.5%31.0%30.0%
Operating margin12.7%15.5%−4.3%11.6%8.4%1.6%14.0%14.5%16.3%13.5%
Net margin6.4%8.6%−7.1%5.6%4.2%−1.6%8.6%10.0%12.3%9.3%

Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported in CAE's financial statements (latest annual report filed June 22, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.

CAE financial results

In fiscal year 2026 (ended March 31, 2026), CAE reported revenue of C$4.9 billion, up 4.6% from the year before. It had net income of C$313.9 million (down 22.5%), a net profit margin of 6.4%. Over five years revenue grew at an average rate of 10.6% a year. Figures are in Canadian dollars, the currency of its financial statements.

See the CAE stock overview for the latest quote and news, or the CAE chart for price history and technical indicators.

CAE income statement FAQ

What is CAE's annual revenue?

CAE reported total revenue of C$4.9 billion for fiscal year 2026, which ended on March 31, 2026. That was up 4.6% from C$4.7 billion the previous year.

Is CAE profitable?

Yes. CAE reported net income of C$313.9 million in fiscal 2026, a net profit margin of 6.4%; its operating margin was 12.7%.

What is CAE's gross margin?

CAE's gross margin was 27.3% in fiscal 2026: for every $100 of revenue, CAE kept $27 after the direct cost of its products and services.

How much does CAE spend on research and development?

CAE spent C$95.2 million on research and development in fiscal 2026, 1.9% of revenue.

How fast is CAE growing?

Revenue grew 10.6% a year on average over the last five fiscal years, from C$3.0 billion to C$4.9 billion.

When will CAE report its next earnings?

CAE is expected to report results for the quarter ending September 30, 2026 on November 10, 2026 after the market closes.

When does CAE's fiscal year end?

CAE's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on June 22, 2026.

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