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CAE on Nasdaq

CAE Inc.

Logo: CAE inc., Public domain, via Wikimedia Commons6

Canadian aerospace company

CAE Inc. is a Canadian manufacturer of simulation technologies, modelling technologies and training services to airlines, aircraft manufacturers, and defence customers. CAE was founded in 1947, and has manufacturing operations and training facilities in 35 countries.3 Its revenue was $1 billion in 2018.1 Wikipedia text CC BY-SA 4.0

$23.67 up 0.43 (1.85%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

4.7BRevenue, fiscal 20257
415.0MNet income, fiscal 20257
1947Founded1

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  • TickerCAE on Nasdaq1
  • Industryaerospace engineering1
  • HeadquartersMontreal1
  • Founded inSaint-Hubert1
  • Websitewww.cae.com
  • Legal formQuebec business corporation1
  • Listed onNew York Stock Exchange (CAE), Toronto Stock Exchange (CAE)1
  • Business address8585 Cote De Liesse, St-Laurent, A8 H4T 1G68
  • LEI549300FFM2BEH2GF1E444
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address8585 COTE DE LIESSE, H4T 1G6 Montreal, Canada4
  • Registered withCorporations Canada, 873905-64

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CAE Brussels
Photo: YtoSu, CC BY-SA 4.0, via Wikimedia Commons10

CAE Inc. is a Canadian manufacturer of simulation technologies, modelling technologies and training services to airlines, aircraft manufacturers, and defence customers. CAE was founded in 1947, and has manufacturing operations and training facilities in 35 countries.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.

Key numbers, fiscal 2025

27.6%Gross margin7
15.5%Operating margin7
8.8%Net margin7
9.9%Revenue growth, 20257
8.3%Return on equity7
0.62×Debt to equity7
540.3M CADFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Training and Services brought in 59% of the revenue CAE Inc. broke down this way in fiscal 2026.

  1. Training and Services2.9B CAD1159%up 2% from 2025
  2. Products2.0B CAD1141%up 8% from 2025
Products and services by year
Products and services20252026
Training and Services2.8B CAD2.9B CAD
Products1.9B CAD2.0B CAD

Business segments

Civil Aviation brought in 56% of the revenue CAE Inc. broke down this way in fiscal 2026.

  1. Civil Aviation2.7B CAD1156%up 1% from 2025
  2. Defense and Security2.2B CAD1144%up 9% from 2025
Business segments by year
Business segments20252026
Civil Aviation2.7B CAD2.7B CAD
Defense and Security2.0B CAD2.2B CAD

Regions

United States brought in 45% of the revenue CAE Inc. broke down this way in fiscal 2026.

  1. United States2.2B CAD1145%down 2% from 2025
  2. Asia908.8M CAD1118%up 20% from 2025
  3. Europe746.1M CAD1115%up 12% from 2025
  4. Canada498.7M CAD1110%up 5% from 2025
  5. United Kingdom245.2M CAD115%down 13% from 2025
  6. Oceania And Africa206.7M CAD114%up 34% from 2025
  7. Americas, Excluding Canada and United States114.3M CAD112%down 14% from 2025
Regions by year
Regions20252026
United States2.2B CAD2.2B CAD
Asia759.9M CAD908.8M CAD
Europe663.6M CAD746.1M CAD
Canada474.2M CAD498.7M CAD
United Kingdom281.6M CAD245.2M CAD
Oceania And Africa153.8M CAD206.7M CAD
Americas, Excluding Canada and United States133.0M CAD114.3M CAD

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue70¢3.4B CAD
  • Research and development3¢123.2M CAD
  • Selling, general and admin12¢565.4M CAD
  • Interest5¢236.7M CAD
  • Income tax2¢98.7M CAD
  • Profit9¢415.0M CAD

Out of 4.7B CAD in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending40¢356.2M CAD
  • Share buybacks2¢21.3M CAD
  • Kept or used elsewhere58¢519.0M CAD

Out of 896.5M CAD of cash from operations.7

Financial statements

Revenue12131415161774.7B CAD in 2025+67% since 2018
02.0B CAD4.0B CAD6.0B CAD2018: 2.8B CAD2.8B CAD20182019: 3.3B CAD3.3B CAD2019+17%2020: 3.6B CAD3.6B CAD2020+10%2021: 3.0B CAD3.0B CAD2021−18%2022: 3.4B CAD3.4B CAD2022+13%2023: 4.0B CAD4.0B CAD2023+19%2024: 4.3B CAD4.3B CAD2024+7%2025: 4.7B CAD4.7B CAD2025+10%
Gross profit12131415161771.3B CAD in 2025+48% since 2018
0500.0M CAD1.0B CAD1.5B CAD2018: 877.9M CAD877.9M CAD20182019: 941.5M CAD941.5M CAD2019+7%2020: 1.1B CAD1.1B CAD2020+15%2021: 765.0M CAD765.0M CAD2021−29%2022: 955.5M CAD955.5M CAD2022+25%2023: 1.1B CAD1.1B CAD2023+13%2024: 1.2B CAD1.2B CAD2024+7%2025: 1.3B CAD1.3B CAD2025+13%
Operating income1213141516177729.2M CAD in 2025+58% since 2018
-250.0M CAD0250.0M CAD500.0M CAD750.0M CAD2018: 462.8M CAD462.8M CAD20182019: 480.6M CAD480.6M CAD2019+4%2020: 537.1M CAD537.1M CAD2020+12%2021: 48.4M CAD48.4M CAD2021−91%2022: 284.2M CAD284.2M CAD2022+487%2023: 466.0M CAD466.0M CAD2023+64%2024: -185.4M CAD-185.4M CAD20242025: 729.2M CAD729.2M CAD2025
Net income1213141516177415.0M CAD in 2025+17% since 2018
-400.0M CAD-200.0M CAD0200.0M CAD400.0M CAD600.0M CAD2018: 354.7M CAD354.7M CAD20182019: 340.1M CAD340.1M CAD2019−4%2020: 318.9M CAD318.9M CAD2020−6%2021: -47.5M CAD-47.5M CAD20212022: 150.0M CAD150.0M CAD20222023: 231.9M CAD231.9M CAD2023+55%2024: -296.3M CAD-296.3M CAD20242025: 415.0M CAD415.0M CAD2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.11

Period ending2026-03-312025-03-31
Revenue4.9B CAD4.7B CAD
Cost of sales3.5B CAD3.4B CAD
Gross profit1.4B CAD1.3B CAD
Research and development expenses144.0M CAD123.2M CAD
Selling, general and administrative expenses624.3M CAD565.4M CAD
Other (gains) and losses8.5M CAD-13.3M CAD
Share of after-tax profit of equity accounted investees-82.7M CAD-88.3M CAD
Restructuring, integration and acquisition costs84.4M CAD56.5M CAD
Gain on remeasurement of previously held equity interest0 CAD-72.6M CAD
Operating income612.3M CAD729.2M CAD
Finance expense net212.1M CAD215.5M CAD
Earnings before income taxes400.2M CAD513.7M CAD
Income tax expense77.5M CAD98.7M CAD
Net income322.7M CAD415.0M CAD
Equity holders of the Company313.1M CAD405.3M CAD
Non-controlling interests9.6M CAD9.7M CAD
Basic (in dollars per share)0.98 CAD1.27 CAD
Diluted (in dollars per share)0.97 CAD1.27 CAD

Compare CAE Inc. with another company

Corporate structure

CAE Inc. sits at the top of its group. 7 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CAE Inc.

  • BRANDES INVESTMENT PARTNERS, LP Filed SCHEDULE 13G on CAE Inc., latest Aug 13, 2026
  • 1832 Asset Management L.P. Filed SCHEDULE 13G/A on CAE Inc., latest Aug 12, 2026 (2 filings since May 1, 2026)
  • BlackRock Filed SCHEDULE 13G on CAE Inc., latest Jan 21, 2026 (3 filings since Feb 4, 2025)
  • MACKENZIE FINANCIAL CORP Filed SCHEDULE 13G/A on CAE Inc., latest May 13, 2025 (9 filings since Feb 4, 2022)
  • CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Filed SCHEDULE 13D on CAE Inc., latest Feb 14, 2025 (2 filings since Feb 14, 2022)
  • JARISLOWSKY, FRASER Ltd Filed SCHEDULE 13G/A on CAE Inc., latest Nov 12, 2024 (2 filings since Feb 12, 2024)
  • BANK OF NOVA SCOTIA Filed SC 13G/A on CAE Inc., latest Oct 10, 2024 (4 filings since Dec 26, 2023)
  • Beutel, Goodman & Co Ltd. Filed SC 13G/A on CAE Inc., latest Feb 10, 2022
  • CAE Inc. Montreal, Quebec, Canada
    • Presagis Subsidiary · Montreal
    • CAE INTERNATIONAL HOLDINGS LIMITED Subsidiary · Saint-Laurent, Quebec, Canada
      • CAE COLOMBIA FLIGHT TRAINING S.A.S. Subsidiary · Bogota, Colombia
      • CAE KUALA LUMPUR SDN. BHD. Subsidiary · Kuala Lumpur, Malaysia
    • CAE SIMULATION TECHNOLOGIES PRIVATE LIMITED Subsidiary · Bangalore, India
    • Parc Aviation Limited Subsidiary · Dublin, Ireland

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CAE Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net3.0B CAD7 Mar 31, 20252.5B CAD7 Mar 31, 2024+18.8%
Operating-lease assets (leased space)788.0M CAD7 Mar 31, 2025545.8M CAD7 Mar 31, 2024+44.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents293.7M CAD7 Mar 31, 2025160.1M CAD7 Mar 31, 2024+83.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill2.4B CAD7 Mar 31, 20252.0B CAD7 Mar 31, 2024+23.8%

Inventory

ItemLatestA year beforeChange
Inventory, total595.0M CAD7 Mar 31, 2025573.6M CAD7 Mar 31, 2024+3.7%
Raw materials246.6M CAD7 Mar 31, 2025217.1M CAD7 Mar 31, 2024+13.6%

Products and brands

In March 2022, CAE acquired Sabre Corporation's AirCentre product portfolio and associated services team in a deal valued at $392.5 million. In May 2025, CAE rebranded its suite of airline operations solutions under a new name: Flightscape – Powered by CAE and launched a dedicated website designed to promote and commercialise its aviation solutions portfolio.

From Wikipedia’s article on CAE Inc., shared under CC BY-SA 4.0.9

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Timeline

  1. 1947Founded Founded in Saint-Hubert1

Calendar

Coming up

  1. Nov 10, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.17 a share, on Nov 11, 2025.18

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

85 filings to the SEC since October 2021: 5 annual reports, 24 large holders, 56 other. The latest 20:

  1. Aug 13, 20266-K EDGAR
  2. Aug 13, 2026SCHEDULE 13G EDGAR
  3. Aug 12, 20266-K EDGAR
  4. Aug 12, 2026SCHEDULE 13G/A EDGAR
  5. Jul 22, 2026CERT EDGAR
  6. Jul 22, 20268-A12B EDGAR
  7. Jul 22, 202625 EDGAR
  8. Jul 9, 20266-K EDGAR
  9. Jun 22, 202640-F EDGAR
  10. Jun 22, 20266-K EDGAR
  11. Jun 5, 20266-K EDGAR
  12. May 22, 2026SD EDGAR
  13. May 21, 20266-K EDGAR
  14. May 21, 20266-K EDGAR
  15. May 1, 2026SCHEDULE 13G/A EDGAR
  16. Feb 12, 20266-K EDGAR
  17. Jan 21, 2026SCHEDULE 13G EDGAR
  18. Jan 20, 20266-K EDGAR
  19. Dec 15, 2025144 EDGAR
  20. Nov 12, 20256-K EDGAR

The 85 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Caisse de depot et placement du Quebec30,917,402$773.8M1.1%No change
1832 Asset Management L.P.19,559,409$490.2M0.6%+3,163,902
Brandes Investment Partners, LP18,397,515$461.0M3.2%+2,522,848
Browning West LP12,606,858$315.9M18.7%−13,375
Mackenzie Financial Corp7,916,812$281.1M0.3%−4,027,289
Vanguard Capital Management LLC8,882,455$222.4M0.0%+159,196
Select Equity Group, L.P.7,018,338$175.7M0.9%−1,233,353
Royal Bank Of Canada6,888,675$172.6M0.0%+770,519
Jupiter Topco LLC6,509,035$162.9M0.1%New
Bank Of Montreal /can/5,967,706$149.3M0.1%+1,003,237
Snyder Capital Management L P4,929,599$123.5M2.1%+25,147
Letko, Brosseau & Associates Inc3,981,832$99.7M1.5%+859,392
Morgan Stanley3,681,383$92.3M0.0%+1,627,100
National Bank Of Canada /fi/3,468,309$86.7M0.1%−686,418
CIBC Asset Management Inc3,307,675$83.7M0.2%−41,554
TD Asset Management Inc3,293,456$82.4M0.1%−235,081
Norges Bank3,222,912$80.6M0.0%New
Federation des caisses Desjardins du Quebec3,145,880$78.4M0.2%+92,840
Geode Capital Management, LLC3,054,271$76.2M0.0%+175,223
Fiera Capital Corp2,964,525$74.1M0.3%+663,696
Vanguard Fiduciary Trust Co2,847,075$71.3M0.0%+44,866
Dimensional Fund Advisors LP2,703,445$67.8M0.0%+504,519
Invesco Ltd.2,680,879$67.2M0.0%+115,675
Connor, Clark & Lunn Investment Management Ltd.2,607,255$65.2M0.1%+262,653
FIL Ltd2,326,474$58.3M0.0%−2,133,095

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Oct 31, 2019Rick W. AllenRepublican, HouseSale$1,001 - $15,000+158.2%Report
Apr 9, 2019Rick W. AllenRepublican, HouseBuy$1,001 - $15,000−161.6%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How CAE Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCAE INC2
  • CIK0001173382
  • Incorporated inCanada27
  • Industry code (SIC)3690 Miscellaneous Electrical Machinery, Equipment & Supplies2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address8585 Cote De Liesse, St-Laurent, A8 H4T 1G62
  • Phone514-341-67802
  • Shares outstanding321,734,387 shares as of Mar 31, 202627
  • On EDGAR sinceJul 3, 20022
  • Filings374 in all: 6-K (235), SC 13G/A (27), 40-F (25), SC 13G (22), SD (14), SCHEDULE 13G/A (7), S-8 (5), SUPPL (5)2
    All 27 form types

    6-K/A (4), F-X (3), FWP (3), SCHEDULE 13G (3), 40-F/A (2), 8-A12B (2), 8-K (2), CERTNYS (2), F-10 (2), UPLOAD (2), 11-K (1), 144 (1), 25 (1), 40FR12B (1), CERT (1), CORRESP (1), F-10/A (1), RW (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (40-F) Jun 22, 2026
    Latest 8-K (8-K) Feb 18, 2005

Securities registered for trading

ClassSymbolExchange
Common SharesCAENew York Stock Exchange

From the cover page of the 40-F filed Jun 22, 2026 (Section 12(b) of the Exchange Act).27

Sources

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