Mullen Group Ltd. (MTL.TO) Analyst Estimates & Price Targets

Mullen Group Ltd. (MTL.TO) — Price 29.21 CAD (closing price, November 3, 2026) — Industrials — Trucking — TSX

Latest reported results:

Wall Street analyst estimates for Mullen Group Ltd. (MTL.TO): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.

Mullen Group Ltd., established in 1949 and based in Okotoks, Canada, operates as a prominent provider of trucking and comprehensive logistics solutions throughout Canada and the United States. Its diverse operations are categorized into four main divisions: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics.

Revenue and EPS estimates

Fiscal yearRevenue (average)Revenue (low – high)EPS (average)Analysts
2026E2.4B CAD2.4B CAD – 2.5B CAD1.45 CAD7
2027E2.6B CAD2.5B CAD – 2.8B CAD1.69 CAD7
2028E2.7B CAD2.6B CAD – 3.0B CAD1.90 CAD5

Figures in CAD · consensus as of November 4, 2026

Analyst Consensus

Strong Buy0
Buy0
Hold1
Sell0
Strong Sell0
Total analysts1
Avg rating (−2 sell to +2 buy)0.00

Recent Earnings Surprises

DateEPS ActualEPS Est.vs Est.
2027-02-10$0.36
2026-10-22$0.51$0.42+21.5%
2026-07-23$0.37$0.33+12.1%
2026-04-23$0.22$0.20+10.4%
2026-02-12$0.16$0.22-27.9%
2025-10-22$0.34$0.23+49.0%
2025-07-24$0.26$0.37-28.2%
2025-04-23$0.20$0.25-20.0%

Valuation Ratios

P/E Ratio22.82
Price / Book2.34
Dividend Yield2.88%

Income Statement (10y)

Year2016201720182019202020212022202320242025
Revenue1.04B CAD1.14B CAD1.26B CAD1.28B CAD1.16B CAD1.48B CAD2.00B CAD1.99B CAD1.99B CAD2.13B CAD
Cost of Revenue797.1M CAD897.9M CAD990.3M CAD1.02B CAD898.1M CAD1.17B CAD1.54B CAD1.52B CAD1.52B CAD1.64B CAD
Gross Profit237.9M CAD240.5M CAD270.5M CAD257.1M CAD266.2M CAD308.1M CAD459.0M CAD473.9M CAD472.7M CAD493.6M CAD
Research & Development0000000000
Selling, General & Admin142.2M CAD155.0M CAD169.0M CAD167.7M CAD150.2M CAD185.7M CAD241.6M CAD249.9M CAD271.4M CAD315.3M CAD
Operating Expenses142.2M CAD155.0M CAD169.0M CAD167.7M CAD266.2M CAD185.7M CAD241.6M CAD261.6M CAD271.4M CAD315.3M CAD
Operating Income95.7M CAD85.6M CAD101.5M CAD94.7M CAD116.7M CAD123.5M CAD214.4M CAD212.3M CAD201.3M CAD178.2M CAD
EBITDA181.0M CAD197.4M CAD83.1M CAD214.8M CAD191.0M CAD239.1M CAD329.9M CAD334.6M CAD333.0M CAD324.6M CAD
Interest Expense34.1M CAD30.0M CAD22.2M CAD26.0M CAD29.9M CAD30.8M CAD35.4M CAD37.8M CAD48.3M CAD60.9M CAD
Pre-tax Income71.7M CAD82.3M CAD-26.6M CAD80.1M CAD86.1M CAD96.0M CAD210.9M CAD183.1M CAD153.8M CAD119.8M CAD
Income Tax19.7M CAD16.8M CAD17.2M CAD7.9M CAD22.2M CAD23.6M CAD52.3M CAD46.4M CAD41.5M CAD28.7M CAD
Net Income52.0M CAD65.5M CAD-43.8M CAD72.2M CAD64.0M CAD72.4M CAD158.6M CAD136.7M CAD112.3M CAD91.1M CAD
EPS0.52 CAD0.63 CAD-0.42 CAD0.69 CAD0.64 CAD0.75 CAD1.70 CAD1.52 CAD1.28 CAD1.03 CAD
EPS (Diluted)0.52 CAD0.63 CAD-0.42 CAD0.69 CAD0.64 CAD0.75 CAD1.62 CAD1.45 CAD1.23 CAD1.01 CAD
Shares Outstanding (Diluted)99.2 M103.7 M104.3 M104.8 M100.6 M96.1 M102.4 M99.1 M97.2 M96.3 M

Price

Price29.21 CAD (closing price, November 3, 2026)
Market CapCAD 2.8B
ExchangeTSX
CountryCA

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Explore sector: Industrials · Trucking

More sections of MTL.TO: Overview · Financials · Valuation · Technical · Ownership

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