Finning International Inc. FTT

TSX | Industrials | Heavy equipment and Caterpillar dealership
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Updated: 11 Nov 2026 Base analysis: 18 Jul 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Clear

Hold existing positions. Wait for possible pullback or Q2 report before adding.

Record backlog and continued growth in product support maintain the positive investment case without warranting a change in stance.

Market sentiment Positive ↑
Trend: Improving

Analysts remain very positive with raised price targets and focus on the record backlog and product support growth.

Risk assessment Medium
Dilution: Low Positive cash flow and share buybacks
Jurisdiction: Medium Exposure to Chile and Argentina
Execution: Low Long track record of profitability

HOLD is the call. Positive is the market mood. Medium risk means some things can go wrong.

Latest change
  • 11 Nov 2026 — Report showed revenue of CAD 3.04B and record order book of CAD 4.1B, confirming continued product support growth.

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About the company

Finning International is the world's largest Caterpillar equipment dealer. The company provides sales, rental, parts and service to mining, construction and energy sectors in Canada, South America, the UK and Ireland.

Sector: Heavy equipment and Caterpillar dealership
Type: Industrial
Next report (Q4)
10 Feb 2027
Catalysts
○
Q4 2026
New mining and data centre contracts Medium
Bull case

Record backlog and continued growth in high-margin product support provide good visibility for coming quarters.

Bear case

Potential margin pressure from higher costs as well as currency and regional impacts may limit upside.

Why this signal

Record backlog and continued growth in product support maintain the positive investment case without warranting a change in stance.

Recent news
  • The Q3 report on November 10 showed revenue of CAD 3.04 billion and a record backlog of CAD 4.1 billion. Shares fell approximately 7–8 % on the report day despite the positive backlog.

Key figures

Revenue
Q3 2026
CAD 3.0B
Net income
Q3 2026
CAD 155M
Total debt
TTM
1.60
Shares outstanding
as_of
CAD 130M
EPS
Q3 2026
CAD 1.20
Exchange
TSX
Type
Industrials
Sector
Heavy equipment and Caterpillar dealership
Finning International Inc. FTT
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.