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National Bank of Canada

CAD 212.09 +$38.84 (+22.42%)

TSX · 11 Sep 2026 20:00 UTC

Previous Close

CAD 210.64

Day Range

CAD 210.37CAD 212.89

Year Range

CAD 146.73CAD 237.13

Market Cap

81.68B

AVG Volume

1.33M

Trailing/Forward PE

17.51/14.73

PEG ratio

1.85

Dividend Yield

2.35%

Next Earnings Date

2026-12-02

Primary Exchange

Toronto Stock Exchange

Revenue (CAD)

NA.TO Revenue (CAD) by year
Period	Revenue (CAD)
2025	21.96B
2024	10.95B
2023	10.08B
2022	9.62B
2021	8.88B
2020	7.08B
2019	7.3B
2018	7.14B
2017	6.47B
2016	5.93B

Net Income (CAD)

NA.TO Net Income (CAD) by year
Period	Net Income (CAD)
2025	4.02B
2024	3.82B
2023	3.31B
2022	3.38B
2021	3.18B
2020	2.04B
2019	2.26B
2018	2.15B
2017	1.94B
2016	1.18B

Operating Income (CAD)

NA.TO Operating Income (CAD) by year
Period	Operating Income (CAD)
2025	5B
2024	4.61B
2023	4.59B
2022	4.69B
2021	4.44B
2020	3.09B
2019	3.31B
2018	3.21B
2017	2.89B
2016	2.03B

EBITDA (CAD)

NA.TO EBITDA (CAD) by year
Period	EBITDA (CAD)
2025	5.72B
2024	5.29B
2023	4.33B
2022	4.71B
2021	4.53B
2020	2.96B
2019	3.08B
2018	3.05B
2017	2.82B
2016	454M

Cash Flows (CAD)

NA.TO Cash Flows (CAD) by year
Period	Cash Flows (CAD)
2025	4.13B
2024	879M
2023	4.51B
2022	-2.59B
2021	5.55B
2020	19.47B
2019	7.55B
2018	5.44B
2017	1.25B
2016	5.17B

EPS (CAD)

NA.TO EPS (CAD) by year
Period	EPS (CAD)
2025	10.1
2024	10.67
2023	9.28
2022	9.6
2021	9.03
2020	5.79
2019	6.42
2018	6.04
2017	5.45
2016	3.34

Expenses (CAD)

NA.TO Expenses (CAD) by year
Period	Expenses (CAD)
2025	4.99B
2024	4.69B
2023	3.95B
2022	3.69B
2021	3.34B
2020	2.85B
2019	2.67B
2018	2.67B
2017	2.49B
2016	2.37B

Cash & Debt (CAD)

NA.TO Cash & Debt (CAD) by year
Period	Cash & Debt (CAD)
2025	33.2B
2024	35.75B
2023	39.14B
2022	36.34B
2021	36.81B
2020	34.71B
2019	15.22B
2018	14.06B
2017	10.09B
2016	9.77B

Debt ratios

NA.TO Debt ratios by year
Period	Debt ratios
2025	5.82
2024	2.07
2023	0.87
2022	0.56
2021	0.5
2020	0.15
2019	2.84
2018	3.58

Margins

NA.TO Margins by year
Period	Margins
2025	59.23%
2024	102.72%
2023	100.78%
2022	100%
2021	100.32%
2020	111.51%
2019	100%
2018	100%
2017	101.51%
2016	102.14%

Return on Capital

NA.TO Return on Capital by year
Period	Return on Capital
2025	11.9%
2024	14.94%
2023	13.97%
2022	15.54%
2021	17.01%
2020	12.46%
2019	14.9%
2018	14.94%
2017	14.31%
2016	9.76%

Shares Outstanding

NA.TO Shares Outstanding by year
Period	Shares Outstanding
2025	391.54M
2024	339.73M
2023	358.78M
2022	355.69M
2021	355.16M
2020	359.81M
2019	352.95M
2018	362M
2017	364.33M
2016	370.8M

Dividends (CAD)

NA.TO Dividends (CAD) by year
Period	Dividends (CAD)
2026	3.88
2025	4.74
2024	4.4
2023	4.07
2022	3.68
2021	3
2020	2.84
2019	2.72
2018	2.49
2017	2.32

Book Value Per Share (CAD)

NA.TO Book Value Per Share (CAD) by year
Period	Book Value Per Share (CAD)
2025	86.25
2024	75.21
2023	66
2022	61.14
2021	52.6
2020	45.53
2019	42.88
2018	39.65
2017	37.21
2016	32.64

Total Assets (CAD)

NA.TO Total Assets (CAD) by year
Period	Total Assets (CAD)
2025	576.92B
2024	462.23B
2023	423.58B
2022	403.74B
2021	355.62B
2020	331.62B
2019	281.46B
2018	262.47B
2017	245.83B
2016	232.21B

PE Ratio

NA.TO PE Ratio by year
Period	PE Ratio
Sep 26	17.78
Sep 26	18.27
Aug 26	17.93
Aug 26	18.3
Aug 26	19.39
Aug 26	19.08
Jul 26	19.01
Jul 26	20.75
Jul 26	21.36
Jul 26	20.98
Jul 26	20.39
Jun 26	20.26
Jun 26	20.23
Jun 26	19.15
Jun 26	18.65
May 26	18.37
May 26	19.32
May 26	18.67
May 26	18.97
May 26	18.73
Apr 26	19.85
Apr 26	19.78
Apr 26	19.08
Apr 26	18.03
Mar 26	17.3
Mar 26	17.07
Mar 26	17.6
Mar 26	18.15
Feb 26	18.56
Feb 26	17.42
Feb 26	17.04
Feb 26	16.48
Jan 26	15.81
Jan 26	16.6
Jan 26	16.95
Jan 26	17.4
Jan 26	17.34
Dec 25	17.62
Dec 25	17.62
Dec 25	17.28
Dec 25	17.09
Nov 25	16.91
Nov 25	16.27
Nov 25	16.19
Nov 25	15.73
Oct 25	15.68
Oct 25	15.53
Oct 25	15.18
Oct 25	15.06
Oct 25	15.2
Sep 25	15.14
Sep 25	15.28
Sep 25	15.02
Sep 25	14.67
Aug 25	14.51
Aug 25	15.23
Aug 25	15.13
Aug 25	14.75
Aug 25	14.41
Jul 25	12.66
Jul 25	12.55
Jul 25	12.33
Jul 25	12.38
Jun 25	12.23
Jun 25	11.85
Jun 25	11.86
Jun 25	11.71
May 25	11.83
May 25	11.31
May 25	11.26
May 25	10.94
May 25	10.68
Apr 25	10.57
Apr 25	10.3
Apr 25	10.09
Apr 25	10.05
Mar 25	10.61
Mar 25	10.57
Mar 25	10.41
Mar 25	10.45
Feb 25	10.72
Feb 25	11.07
Feb 25	11.24
Feb 25	11.15
Jan 25	11.48
Jan 25	12.28
Jan 25	12.07
Jan 25	12.42
Jan 25	12.42
Dec 24	12.39
Dec 24	12.36
Dec 24	12.55
Dec 24	12.44
Nov 24	13
Nov 24	12.92
Nov 24	12.53
Nov 24	12.55
Nov 24	12.38
Oct 24	13.04
Oct 24	13.01

Free Cash Flow Yield

NA.TO Free Cash Flow Yield by year
Period	Free Cash Flow Yield
Sep 26	5.62%
Sep 26	5.47%
Aug 26	5.58%
Aug 26	5.46%
Aug 26	5.16%
Aug 26	5.24%
Jul 26	5.26%
Jul 26	-1.18%
Jul 26	-1.14%
Jul 26	-1.17%
Jul 26	-1.2%
Jun 26	-1.21%
Jun 26	-1.21%
Jun 26	-1.28%
Jun 26	-1.31%
May 26	-1.33%
May 26	-1.27%
May 26	-1.31%
May 26	-1.29%
May 26	-1.31%
Apr 26	5.18%
Apr 26	5.2%
Apr 26	5.39%
Apr 26	5.71%
Mar 26	5.95%
Mar 26	6.03%
Mar 26	5.85%
Mar 26	5.67%
Feb 26	5.54%
Feb 26	5.91%
Feb 26	6.04%
Feb 26	6.24%
Jan 26	6.51%
Jan 26	5.24%
Jan 26	5.13%
Jan 26	5%
Jan 26	5.02%
Dec 25	4.94%
Dec 25	4.94%
Dec 25	5.04%
Dec 25	5.09%
Nov 25	5.15%
Nov 25	5.35%
Nov 25	5.38%
Nov 25	5.53%
Oct 25	5.55%
Oct 25	8.51%
Oct 25	8.71%
Oct 25	8.78%
Oct 25	8.7%
Sep 25	8.73%
Sep 25	8.65%
Sep 25	8.8%
Sep 25	9.01%
Aug 25	9.11%
Aug 25	8.68%
Aug 25	8.74%
Aug 25	8.96%
Aug 25	9.17%
Jul 25	4.47%
Jul 25	4.51%
Jul 25	4.59%
Jul 25	4.57%
Jun 25	4.63%
Jun 25	4.77%
Jun 25	4.77%
Jun 25	4.83%
May 25	4.78%
May 25	5%
May 25	5.03%
May 25	5.17%
May 25	5.3%
Apr 25	2.18%
Apr 25	2.24%
Apr 25	2.28%
Apr 25	2.29%
Mar 25	2.17%
Mar 25	2.18%
Mar 25	2.21%
Mar 25	2.2%
Feb 25	2.15%
Feb 25	2.08%
Feb 25	2.05%
Feb 25	2.07%
Jan 25	2.01%
Jan 25	-8.13%
Jan 25	-8.28%
Jan 25	-8.05%
Jan 25	-8.05%
Dec 24	-8.06%
Dec 24	-8.08%
Dec 24	-7.96%
Dec 24	-8.03%
Nov 24	-7.69%
Nov 24	-7.74%
Nov 24	-7.98%
Nov 24	-7.96%
Nov 24	-8.07%
Oct 24	-22.85%
Oct 24	-22.91%

Price to Sales

NA.TO Price to Sales by year
Period	Price to Sales
Sep 26	3
Sep 26	3.08
Aug 26	3.02
Aug 26	3.09
Aug 26	3.27
Aug 26	3.22
Jul 26	3.21
Jul 26	3.29
Jul 26	3.38
Jul 26	3.32
Jul 26	3.23
Jun 26	3.21
Jun 26	3.21
Jun 26	3.03
Jun 26	2.96
May 26	2.91
May 26	3.06
May 26	2.96
May 26	3.01
May 26	2.97
Apr 26	3.63
Apr 26	3.62
Apr 26	3.49
Apr 26	3.3
Mar 26	3.16
Mar 26	3.12
Mar 26	3.22
Mar 26	3.32
Feb 26	3.39
Feb 26	3.19
Feb 26	3.12
Feb 26	3.01
Jan 26	2.89
Jan 26	3.9
Jan 26	3.98
Jan 26	4.09
Jan 26	4.07
Dec 25	4.14
Dec 25	4.14
Dec 25	4.06
Dec 25	4.01
Nov 25	3.97
Nov 25	3.82
Nov 25	3.8
Nov 25	3.69
Oct 25	3.68
Oct 25	3.71
Oct 25	3.62
Oct 25	3.59
Oct 25	3.63
Sep 25	3.61
Sep 25	3.65
Sep 25	3.58
Sep 25	3.5
Aug 25	3.46
Aug 25	3.64
Aug 25	3.61
Aug 25	3.52
Aug 25	3.44
Jul 25	4.41
Jul 25	4.37
Jul 25	4.3
Jul 25	4.31
Jun 25	4.26
Jun 25	4.13
Jun 25	4.13
Jun 25	4.08
May 25	4.12
May 25	3.94
May 25	3.92
May 25	3.81
May 25	3.72
Apr 25	3.68
Apr 25	3.59
Apr 25	3.52
Apr 25	3.5
Mar 25	3.7
Mar 25	3.68
Mar 25	3.63
Mar 25	3.64
Feb 25	3.74
Feb 25	3.86
Feb 25	3.92
Feb 25	3.89
Jan 25	4
Jan 25	4.14
Jan 25	4.07
Jan 25	4.19
Jan 25	4.19
Dec 24	4.18
Dec 24	4.17
Dec 24	4.23
Dec 24	4.2
Nov 24	4.38
Nov 24	4.36
Nov 24	4.22
Nov 24	4.23
Nov 24	4.18
Oct 24	4.3
Oct 24	4.29

EV/EBITDA

NA.TO EV/EBITDA by year
Period	EV/EBITDA
Sep 26	17.35
Sep 26	17.7
Aug 26	17.46
Aug 26	17.72
Aug 26	18.49
Aug 26	18.27
Jul 26	18.22
Jul 26	23.78
Jul 26	24.21
Jul 26	23.94
Jul 26	23.52
Jun 26	23.43
Jun 26	23.41
Jun 26	22.65
Jun 26	22.3
May 26	22.1
May 26	22.77
May 26	22.32
May 26	22.52
May 26	22.35
Apr 26	34.34
Apr 26	34.28
Apr 26	33.79
Apr 26	33.06
Mar 26	32.54
Mar 26	32.38
Mar 26	32.75
Mar 26	33.14
Feb 26	33.42
Feb 26	32.63
Feb 26	32.36
Feb 26	31.97
Jan 26	31.5
Jan 26	32.1
Jan 26	32.36
Jan 26	32.68
Jan 26	32.63
Dec 25	32.84
Dec 25	32.83
Dec 25	32.59
Dec 25	32.45
Nov 25	32.32
Nov 25	31.87
Nov 25	31.81
Nov 25	31.48
Oct 25	31.45
Oct 25	28.75
Oct 25	28.5
Oct 25	28.41
Oct 25	28.51
Sep 25	28.47
Sep 25	28.57
Sep 25	28.39
Sep 25	28.13
Aug 25	28.02
Aug 25	28.54
Aug 25	28.46
Aug 25	28.19
Aug 25	27.95
Jul 25	17.57
Jul 25	17.49
Jul 25	17.33
Jul 25	17.36
Jun 25	17.25
Jun 25	16.98
Jun 25	16.98
Jun 25	16.88
May 25	16.96
May 25	16.59
May 25	16.55
May 25	16.32
May 25	16.13
Apr 25	15
Apr 25	14.81
Apr 25	14.66
Apr 25	14.63
Mar 25	15.03
Mar 25	15
Mar 25	14.89
Mar 25	14.92
Feb 25	15.11
Feb 25	15.37
Feb 25	15.48
Feb 25	15.42
Jan 25	15.66
Jan 25	15.46
Jan 25	15.31
Jan 25	15.56
Jan 25	15.56
Dec 24	15.54
Dec 24	15.52
Dec 24	15.66
Dec 24	15.58
Nov 24	15.98
Nov 24	15.92
Nov 24	15.64
Nov 24	15.66
Nov 24	15.53
Oct 24	16.22
Oct 24	16.2

Price/Operating Cashflow

NA.TO Price/Operating Cashflow by year
Period	Price/Operating Cashflow
Sep 26	16.5
Sep 26	16.96
Aug 26	16.64
Aug 26	16.99
Aug 26	18
Aug 26	17.71
Jul 26	17.64
Apr 26	17.21
Apr 26	17.14
Apr 26	16.53
Apr 26	15.63
Mar 26	14.99
Mar 26	14.79
Mar 26	15.25
Mar 26	15.73
Feb 26	16.08
Feb 26	15.1
Feb 26	14.76
Feb 26	14.28
Jan 26	13.71
Jan 26	16.74
Jan 26	17.09
Jan 26	17.55
Jan 26	17.48
Dec 25	17.77
Dec 25	17.76
Dec 25	17.42
Dec 25	17.23
Nov 25	17.05
Nov 25	16.41
Nov 25	16.33
Nov 25	15.86
Oct 25	15.81
Apr 24	7.77
Apr 24	7.65
Apr 24	7.71
Apr 24	7.84
Mar 24	7.92
Mar 24	7.96
Mar 24	7.65
Mar 24	7.56
Mar 24	7.41
Feb 24	7.27
Feb 24	7.2
Feb 24	7.11
Feb 24	7.13
Jan 24	17.24
Jan 24	16.9
Jan 24	16.82
Jan 24	16.98
Dec 23	17.04
Dec 23	16.87
Dec 23	16.63
Dec 23	15.95
Dec 23	15.91
Nov 23	15.22
Nov 23	15.41
Nov 23	14.96
Nov 23	14.96
Oct 23	2.16
Oct 23	2.15
Oct 23	2.22
Oct 23	2.24
Sep 23	2.28
Sep 23	2.32
Sep 23	2.38
Sep 23	2.34
Sep 23	2.4
Aug 23	2.48
Aug 23	2.54
Aug 23	2.62
Aug 23	2.57
Jul 23	6.2
Jul 23	6.11
Jul 23	6.01
Jul 23	5.92
Jun 23	5.95
Jun 23	5.7
Jun 23	5.99
Jun 23	5.8
Jun 23	5.94
May 23	6.03
May 23	6.19
May 23	6.11
May 23	6.12
Jan 23	7.94
Jan 23	7.82
Jan 23	7.81
Jan 23	7.48
Dec 22	7.26
Dec 22	7.34
Dec 22	7.36
Dec 22	7.56
Dec 22	7.63
Nov 22	7.89
Nov 22	7.76
Nov 22	7.71
Nov 22	7.47
Jul 22	4.36
Jul 22	4.11

Price to Book

NA.TO Price to Book by year
Period	Price to Book
Sep 26	2.44
Sep 26	2.51
Aug 26	2.46
Aug 26	2.51
Aug 26	2.66
Aug 26	2.62
Jul 26	2.61
Jul 26	2.67
Jul 26	2.75
Jul 26	2.7
Jul 26	2.62
Jun 26	2.61
Jun 26	2.6
Jun 26	2.46
Jun 26	2.4
May 26	2.36
May 26	2.49
May 26	2.4
May 26	2.44
May 26	2.41
Apr 26	2.36
Apr 26	2.35
Apr 26	2.27
Apr 26	2.15
Mar 26	2.06
Mar 26	2.03
Mar 26	2.09
Mar 26	2.16
Feb 26	2.21
Feb 26	2.07
Feb 26	2.03
Feb 26	1.96
Jan 26	1.88
Jan 26	1.95
Jan 26	1.99
Jan 26	2.04
Jan 26	2.03
Dec 25	2.07
Dec 25	2.07
Dec 25	2.03
Dec 25	2
Nov 25	1.98
Nov 25	1.91
Nov 25	1.9
Nov 25	1.84
Oct 25	1.84
Oct 25	1.83
Oct 25	1.79
Oct 25	1.78
Oct 25	1.79
Sep 25	1.79
Sep 25	1.8
Sep 25	1.77
Sep 25	1.73
Aug 25	1.71
Aug 25	1.8
Aug 25	1.78
Aug 25	1.74
Aug 25	1.7
Jul 25	1.87
Jul 25	1.85
Jul 25	1.82
Jul 25	1.83
Jun 25	1.8
Jun 25	1.75
Jun 25	1.75
Jun 25	1.73
May 25	1.74
May 25	1.67
May 25	1.66
May 25	1.61
May 25	1.57
Apr 25	1.58
Apr 25	1.54
Apr 25	1.51
Apr 25	1.5
Mar 25	1.59
Mar 25	1.58
Mar 25	1.56
Mar 25	1.56
Feb 25	1.6
Feb 25	1.65
Feb 25	1.68
Feb 25	1.67
Jan 25	1.72
Jan 25	1.77
Jan 25	1.74
Jan 25	1.79
Jan 25	1.79
Dec 24	1.79
Dec 24	1.78
Dec 24	1.81
Dec 24	1.79
Nov 24	1.88
Nov 24	1.86
Nov 24	1.81
Nov 24	1.81
Nov 24	1.79
Oct 24	1.84
Oct 24	1.83

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defenseworld.net · 5 Aug 2026