Cameco Corporation (CCJ) Income Statement
CCJ 2025 at a glance
Fiscal year ended December 31, 2025 · Canadian dollarsCCJ revenue and net income
Where CCJ's revenue goes
2025Each bar shows an amount and its share of revenue. CCJ kept 16.9% of revenue as net income.
CCJ profit margins
CCJ growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.9% | +23.0% | +14.1% | +2.4% |
| Gross profit | −12.5% | +58.6% | +20.2% | +2.9% |
| Operating income | +13.8% | +237.9% | — | +9.0% |
| Net income | +242.8% | +87.5% | — | +24.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CCJ income statement in Canadian dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$3.48B | C$3.14B | C$2.59B | C$1.87B | C$1.47B | C$1.80B | C$1.86B | C$2.09B | C$2.16B | C$2.43B |
| Cost of revenue | C$2.55B | C$2.07B | C$1.81B | C$1.63B | C$1.47B | C$1.43B | C$1.62B | C$1.80B | C$1.72B | C$1.97B |
| Gross profit | C$929.9M | C$1.06B | C$782.0M | C$233.3M | C$1.9M | C$370.1M | C$241.6M | C$295.7M | C$436.3M | C$463.5M |
| Research & development | C$38.4M | C$36.5M | C$21.0M | C$12.2M | C$7.2M | C$4.0M | C$6.1M | C$1.8M | C$5.7M | C$5.0M |
| Sales, general & admin | C$311.0M | C$272.6M | C$263.1M | C$172.0M | C$127.6M | C$156.2M | C$124.9M | C$141.6M | C$163.1M | C$206.7M |
| Total operating expenses | C$349.4M | C$553.2M | C$499.1M | C$218.2M | C$138.1M | C$448.8M | C$149.2M | C$223.2M | C$198.7M | C$220.1M |
| Operating income | C$580.4M | C$510.1M | C$282.9M | C$15.1M | −C$136.2M | −C$78.7M | C$92.4M | C$70.2M | −C$127.7M | −C$141.8M |
| Interest income | C$23.2M | C$21.2M | C$114.2M | C$92.6M | C$6.8M | C$10.8M | C$25.3M | C$73.5M | C$34.9M | C$34.4M |
| Interest expense | C$74.5M | C$110.9M | C$76.3M | C$56.2M | C$55.6M | C$81.9M | C$80.0M | C$87.8M | C$89.9M | C$91.8M |
| Income before taxes | C$776.6M | C$256.7M | C$487.2M | C$84.8M | −C$103.9M | −C$39.5M | C$135.0M | C$39.9M | −C$207.2M | −C$154.2M |
| Income taxes | C$187.6M | C$84.9M | C$126.3M | −C$4.5M | −C$1.2M | C$13.7M | C$61.1M | −C$126.3M | −C$2.5M | −C$94.4M |
| Net income | C$589.1M | C$171.9M | C$360.8M | C$89.4M | −C$102.6M | −C$53.2M | C$74.0M | C$166.3M | −C$204.9M | −C$61.6M |
| EBITDA | C$1.14B | C$755.6M | C$799.5M | C$331.2M | C$147.3M | C$171.6M | C$520.5M | C$464.6M | C$218.3M | C$312.5M |
| Gross margin | 26.7% | 33.9% | 30.2% | 12.5% | 0.1% | 20.6% | 13.0% | 14.1% | 20.2% | 19.1% |
| Operating margin | 16.7% | 16.3% | 10.9% | 0.8% | −9.2% | −4.4% | 5.0% | 3.4% | −5.9% | −5.8% |
| Net margin | 16.9% | 5.5% | 13.9% | 4.8% | −7.0% | −3.0% | 4.0% | 8.0% | −9.5% | −2.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$814.1M | C$845.4M | C$1.20B | C$614.6M | C$789.4M | C$1.18B | C$720.6M | C$598.5M | C$633.5M | C$843.7M | C$575.1M | C$482.0M |
| Cost of revenue | C$642.6M | C$543.8M | C$933.1M | C$385.2M | C$519.3M | C$933.6M | C$549.8M | C$423.1M | C$446.7M | C$711.0M | C$367.3M | C$372.0M |
| Gross profit | C$171.5M | C$301.6M | C$266.9M | C$229.4M | C$270.1M | C$249.6M | C$170.8M | C$175.3M | C$186.8M | C$132.7M | C$207.8M | C$110.0M |
| Research & development | C$9.7M | C$13.9M | C$14.9M | C$10.3M | C$14.0M | C$10.4M | C$8.9M | C$7.9M | C$9.3M | C$3.8M | C$7.8M | C$5.1M |
| Sales, general & admin | C$77.0M | C$122.5M | C$88.4M | C$75.5M | C$58.8M | C$76.7M | C$50.9M | C$65.7M | C$59.8M | C$59.0M | C$65.5M | C$57.0M |
| Total operating expenses | C$86.7M | C$137.4M | C$103.3M | C$136.3M | C$84.3M | C$68.6M | C$70.5M | C$73.3M | C$60.1M | C$115.4M | C$72.2M | C$74.7M |
| Operating income | C$84.7M | C$164.1M | C$163.6M | C$93.0M | C$185.8M | C$181.0M | C$100.3M | C$102.0M | C$126.7M | C$17.3M | C$135.5M | C$35.3M |
| Interest income | C$7.9M | C$10.0M | C$7.3M | C$6.8M | C$3.7M | C$3.1M | C$4.0M | C$7.9M | C$6.3M | C$19.0M | C$65.7M | C$13.5M |
| Interest expense | C$18.8M | C$22.8M | C$19.3M | C$17.8M | C$20.1M | C$22.8M | C$25.2M | C$33.6M | C$29.4M | C$33.4M | C$14.1M | C$14.5M |
| Income before taxes | C$45.9M | C$162.9M | C$246.2M | C$15.7M | C$123.2M | C$133.3M | C$45.5M | C$54.0M | C$23.9M | C$106.6M | C$188.6M | C$37.1M |
| Income taxes | C$20.7M | C$32.2M | C$47.3M | C$15.9M | C$53.4M | −C$2.1M | C$38.0M | C$18.0M | C$31.0M | C$26.5M | C$40.6M | C$23.4M |
| Net income | C$25.2M | C$131.1M | C$198.9M | −C$141,000 | C$69.8M | C$135.5M | C$7.4M | C$36.0M | −C$7.1M | C$80.1M | C$148.1M | C$13.7M |
| EBITDA | C$167.5M | C$252.8M | C$352.4M | C$80.9M | C$209.2M | C$263.8M | C$147.0M | C$154.6M | C$100.2M | C$187.0M | C$182.8M | C$97.7M |
| Gross margin | 21.1% | 35.7% | 22.2% | 37.3% | 34.2% | 21.1% | 23.7% | 29.3% | 29.5% | 15.7% | 36.1% | 22.8% |
| Operating margin | 10.4% | 19.4% | 13.6% | 15.1% | 23.5% | 15.3% | 13.9% | 17.0% | 20.0% | 2.1% | 23.6% | 7.3% |
| Net margin | 3.1% | 15.5% | 16.6% | −0.0% | 8.8% | 11.4% | 1.0% | 6.0% | −1.1% | 9.5% | 25.7% | 2.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported in CCJ's financial statements (latest annual report filed March 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CCJ financial results
In fiscal year 2025 (ended December 31, 2025), Cameco reported revenue of C$3.5 billion, up 10.9% from the year before. It had net income of C$589.1 million (up 242.8%), a net profit margin of 16.9%. Over five years revenue grew at an average rate of 14.1% a year. Figures are in Canadian dollars, the currency of its financial statements.
See the CCJ stock overview for the latest quote and news, or the CCJ chart for price history and technical indicators.
CCJ income statement FAQ
What is Cameco's annual revenue?
Cameco reported total revenue of C$3.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 10.9% from C$3.1 billion the previous year.
Is Cameco profitable?
Yes. Cameco reported net income of C$589.1 million in fiscal 2025, a net profit margin of 16.9%; its operating margin was 16.7%.
What is Cameco's gross margin?
Cameco's gross margin was 26.7% in fiscal 2025: for every $100 of revenue, Cameco kept $27 after the direct cost of its products and services.
How much does Cameco spend on research and development?
Cameco spent C$38.4 million on research and development in fiscal 2025, 1.1% of revenue.
How fast is Cameco growing?
Revenue grew 14.1% a year on average over the last five fiscal years, from C$1.8 billion to C$3.5 billion.
When will Cameco report its next earnings?
Cameco is expected to report results for the quarter ending September 30, 2026 on October 30, 2026 before the market opens.
When does Cameco's fiscal year end?
Cameco's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 19, 2026.