Cameco Corporation (CCJ) Key Metrics
CCJ key metrics, 2016–2025
Fiscal year ended December 31, 2025 · Canadian dollarsCCJ returns How much profit the business earns on the capital it uses.
CCJ financial health Debt, liquidity and how easily interest is covered.
CCJ efficiency & capital use Working capital cycle and where the cash goes.
CCJ returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CCJ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CCJ cash returned to shareholders
CCJ key metrics in Canadian dollars
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 8.9% | 2.8% | 6.0% | 1.7% | −2.1% | −1.1% | 1.5% | 3.4% | −4.1% | −1.1% |
| Return on invested capital (ROIC) | 6.4% | 4.7% | 3.5% | 0.3% | −2.2% | −1.2% | 1.0% | 1.3% | −1.7% | −1.7% |
| Return on assets (ROA) | 5.8% | 1.7% | 3.9% | 1.1% | −1.4% | −0.7% | 1.0% | 2.1% | −2.6% | −0.7% |
| Return on tangible assets | 5.7% | 1.7% | 3.6% | 1.0% | −1.4% | −0.7% | 1.0% | 2.1% | −2.7% | −0.8% |
| Free cash flow margin | 30.9% | 22.1% | 20.7% | 8.6% | 24.4% | −1.1% | 24.3% | 29.3% | 22.3% | 3.9% |
| Income quality (OCF / net income) | 2.39 | 5.27 | 1.91 | 3.41 | — | — | 7.12 | 4.01 | — | — |
| Financial health | ||||||||||
| Total debt | C$1.02B | C$1.30B | C$1.79B | C$999.7M | C$999.0M | C$1.03B | C$1.01B | C$1.50B | C$1.49B | C$1.49B |
| Cash & short-term investments | C$1.21B | C$600.5M | C$566.8M | C$2.04B | C$1.10B | C$753.2M | C$866.7M | C$1.10B | C$591.6M | C$320.3M |
| Net debt | −C$191.4M | C$695.5M | C$1.23B | −C$1.04B | −C$100.1M | C$276.4M | C$146.9M | C$393.1M | C$902.9M | C$1.17B |
| Debt / equity | 0.15 | 0.20 | 0.29 | 0.17 | 0.21 | 0.21 | 0.20 | 0.30 | 0.31 | 0.28 |
| Debt / assets | 0.10 | 0.13 | 0.18 | 0.12 | 0.13 | 0.14 | 0.14 | 0.19 | 0.19 | 0.18 |
| Net debt / EBITDA | −0.17 | 0.92 | 1.54 | −3.15 | −0.68 | 1.61 | 0.28 | 0.85 | 4.14 | 3.75 |
| Current ratio | 2.47 | 1.62 | 1.55 | 5.92 | 5.18 | 6.40 | 6.51 | 2.38 | 5.20 | 4.35 |
| Quick ratio | 1.68 | 0.80 | 0.84 | 4.46 | 3.96 | 3.87 | 5.05 | 1.74 | 2.52 | 1.25 |
| Interest coverage | 7.8 | 4.6 | 3.7 | 0.3 | -2.5 | -1.0 | 1.2 | 0.8 | -1.4 | -1.5 |
| Working capital | C$1.57B | C$737.4M | C$652.8M | C$2.76B | C$1.73B | C$1.64B | C$1.53B | C$1.21B | C$1.72B | C$1.57B |
| Invested capital | C$6.71B | C$7.06B | C$7.32B | C$4.79B | C$4.75B | C$5.23B | C$5.14B | C$5.39B | C$5.76B | C$6.43B |
| Tangible asset value | C$6.86B | C$6.32B | C$6.05B | C$5.79B | C$4.79B | C$4.90B | C$4.93B | C$4.93B | C$4.79B | C$5.06B |
| Net current asset value | −C$758.1M | −C$1.62B | −C$2.00B | C$524.9M | −C$530.2M | −C$677.2M | −C$625.3M | −C$942.3M | −C$783.5M | −C$948.8M |
| Capital allocation | ||||||||||
| Dividends paid | C$104.5M | C$69.6M | C$52.1M | C$51.9M | C$31.8M | C$31.6M | C$31.6M | C$71.2M | C$158.3M | C$158.3M |
| Share buybacks (net) | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 |
| Dividend payout ratio | 17.7% | 40.5% | 14.4% | 58.1% | — | — | 42.7% | 42.8% | — | — |
| Dividends + buybacks / free cash flow | 9.7% | 10.0% | 9.7% | 32.2% | 8.9% | — | 7.0% | 11.6% | 32.8% | 165.8% |
| Capex / revenue | 9.6% | 6.7% | 5.9% | 7.7% | 6.7% | 4.3% | 4.0% | 2.6% | 5.3% | 8.9% |
| Capex / operating cash flow | 23.6% | 23.4% | 22.3% | 47.1% | 21.6% | 136.2% | 14.3% | 8.3% | 19.1% | 69.4% |
| Capex / depreciation | 1.14 | 0.75 | 0.70 | 0.81 | 0.52 | 0.37 | 0.27 | 0.17 | 0.35 | 0.58 |
| Stock-based compensation / revenue | 0.3% | 0.2% | 0.1% | 0.2% | 0.3% | 0.4% | 0.8% | 0.7% | 0.6% | 0.6% |
| R&D / revenue | 1.1% | 1.2% | 0.8% | 0.7% | 0.5% | 0.2% | 0.3% | 0.1% | 0.3% | 0.2% |
| SG&A / revenue | 8.9% | 8.7% | 10.2% | 9.2% | 8.6% | 8.7% | 6.7% | 6.8% | 7.6% | 8.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 35.8 | 43.2 | 45.9 | 51.0 | 66.3 | 57.8 | 74.6 | 75.7 | 60.0 | 39.3 |
| Days of inventory on hand | 130.0 | 159.7 | 168.2 | 148.2 | 157.9 | 150.1 | 108.4 | 168.3 | 271.2 | 271.1 |
| Days payables outstanding | 22.9 | 43.9 | 62.5 | 51.7 | 43.4 | 30.3 | 25.2 | 30.5 | 41.4 | 38.3 |
| Cash conversion cycle (days) | 142.8 | 159.1 | 151.5 | 147.4 | 180.8 | 177.6 | 157.9 | 213.5 | 289.7 | 272.1 |
| Receivables turnover | 10.21 | 8.44 | 7.95 | 7.16 | 5.50 | 6.31 | 4.89 | 4.82 | 6.09 | 9.28 |
| Payables turnover | 15.91 | 8.31 | 5.84 | 7.06 | 8.40 | 12.04 | 14.50 | 11.96 | 8.81 | 9.54 |
| Inventory turnover | 2.81 | 2.29 | 2.17 | 2.46 | 2.31 | 2.43 | 3.37 | 2.17 | 1.35 | 1.35 |
| Asset turnover | 0.34 | 0.32 | 0.28 | 0.23 | 0.20 | 0.24 | 0.24 | 0.26 | 0.27 | 0.29 |
| Average receivables | C$340.8M | C$371.5M | C$325.3M | C$260.8M | C$268.1M | C$285.1M | C$380.7M | C$433.7M | C$354.4M | C$262.0M |
| Average payables | C$160.2M | C$249.3M | C$309.4M | C$231.7M | C$175.3M | C$118.8M | C$111.8M | C$150.1M | C$195.3M | C$206.3M |
| Average inventory | C$907.8M | C$906.9M | C$832.1M | C$663.7M | C$637.3M | C$588.0M | C$481.6M | C$828.3M | C$1.28B | C$1.46B |
| Intangibles / total assets | 0.4% | 0.4% | 0.4% | 0.5% | 0.7% | 0.7% | 0.8% | 0.8% | 0.9% | 2.5% |
Computed from CCJ's annual financial statements (latest annual report filed March 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.
CCJ valuation and financial ratios
Cameco earned a return on equity of 8.9% and a return on invested capital of 6.4% in fiscal 2025. It ended the year with C$1.0 billion of debt and C$1.2 billion in cash and short-term investments, a net cash position of C$191.4 million. It returned C$104.5 million to shareholders: C$104.5 million in dividends and C$0 in share buybacks, 10% of free cash flow.
See the CCJ income statement, the CCJ chart for price history, or the CCJ stock overview for the latest quote and news.
CCJ key metrics FAQ
What is Cameco's return on equity?
Cameco's return on equity (ROE) was 8.9% in fiscal 2025: net income of C$589.1 million on average shareholders' equity of C$6.6 billion.
What is Cameco's ROIC?
Cameco's return on invested capital was 6.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Cameco have?
Cameco had total debt of C$1.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.15 and more cash than debt.
What is Cameco's current ratio?
Cameco's current ratio was 2.47 at the end of fiscal 2025: current assets were 2.47 times current liabilities.