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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 quarter
Period	Revenue (CAD)
26 Q3	8.45B
26 Q2	8.07B
26 Q1	7.94B
25 Q4	8.08B
25 Q3	3.25B
25 Q2	7.71B
25 Q1	2.93B
24 Q4	2.78B
24 Q3	2.85B
24 Q2	2.61B

Net Income (CAD)

NA.TO Net Income (CAD) by quarter
Period	Net Income (CAD)
26 Q3	1.31B
26 Q2	1.23B
26 Q1	1.25B
25 Q4	1.06B
25 Q3	1.06B
25 Q2	896M
25 Q1	997M
24 Q4	955M
24 Q3	1.03B
24 Q2	907M

Operating Income (CAD)

NA.TO Operating Income (CAD) by quarter
Period	Operating Income (CAD)
26 Q3	1.71B
26 Q2	1.61B
26 Q1	1.64B
25 Q4	1.37B
25 Q3	1.25B
25 Q2	1.16B
25 Q1	1.22B
24 Q4	1.19B
24 Q3	1.24B
24 Q2	1.08B

EBITDA (CAD)

NA.TO EBITDA (CAD) by quarter
Period	EBITDA (CAD)
26 Q3	1.71B
26 Q2	1.79B
26 Q1	1.71B
25 Q4	1.58B
25 Q3	1.47B
25 Q2	1.32B
25 Q1	1.35B
24 Q4	1.32B
24 Q3	1.44B
24 Q2	1.27B

Cash Flows (CAD)

NA.TO Cash Flows (CAD) by quarter
Period	Cash Flows (CAD)
26 Q3	2.25B
26 Q2	3.73B
26 Q1	-722M
25 Q4	830M
25 Q3	771M
25 Q2	-1.92B
25 Q1	4.46B
24 Q4	103M
24 Q3	2.49B
24 Q2	-4.85B

EPS (CAD)

NA.TO EPS (CAD) by quarter
Period	EPS (CAD)
26 Q3	3.25
26 Q2	3.06
26 Q1	3.08
25 Q4	2.57
25 Q3	2.58
25 Q2	2.17
25 Q1	2.78
24 Q4	2.65
24 Q3	2.89
24 Q2	2.54

Expenses (CAD)

NA.TO Expenses (CAD) by quarter
Period	Expenses (CAD)
26 Q3	1.44B
26 Q2	1.42B
26 Q1	1.41B
25 Q4	1.34B
25 Q3	1.25B
25 Q2	1.29B
25 Q1	1.1B
24 Q4	1.11B
24 Q3	1.44B
24 Q2	986M

Cash & Debt (CAD)

NA.TO Cash & Debt (CAD) by quarter
Period	Cash & Debt (CAD)
26 Q3	73.67B
26 Q2	67.24B
26 Q1	41.78B
25 Q4	33.2B
25 Q3	33.62B
25 Q2	34.99B
25 Q1	39.05B
24 Q4	35.75B
24 Q3	37.07B
24 Q2	34.26B

Debt ratios

NA.TO Debt ratios by quarter
Period	Debt ratios
26 Q3	4.27
26 Q2	4.82
26 Q1	9.18
25 Q4	20.39
25 Q3	20.2
25 Q2	17.64
25 Q1	8.4
24 Q4	7.38
24 Q3	6.49
24 Q2	6.61

Margins

NA.TO Margins by quarter
Period	Margins
26 Q3	44.99%
26 Q2	45.42%
26 Q1	45.91%
25 Q4	42.73%
25 Q3	99.94%
25 Q2	43.25%
25 Q1	101.67%
24 Q4	100.11%
24 Q3	105.58%
24 Q2	105.21%

Return on Capital

NA.TO Return on Capital by quarter
Period	Return on Capital
26 Q3	3.77%
26 Q2	3.67%
26 Q1	3.78%
25 Q4	3.14%
25 Q3	3.19%
25 Q2	2.72%
25 Q1	3.78%
24 Q4	3.74%
24 Q3	4.11%
24 Q2	3.73%

Shares Outstanding

NA.TO Shares Outstanding by quarter
Period	Shares Outstanding
26 Q3	384.66M
26 Q2	386.58M
26 Q1	390.05M
25 Q4	391.54M
25 Q3	391.61M
25 Q2	390.12M
25 Q1	340.74M
24 Q4	339.73M
24 Q3	340.21M
24 Q2	339.56M

Dividends (CAD)

NA.TO Dividends (CAD) by quarter
Period	Dividends (CAD)
Sep 26	1.32
Jun 26	1.32
Mar 26	1.24
Dec 25	1.24
Sep 25	1.18
Jun 25	1.18
Mar 25	1.14
Dec 24	1.14
Sep 24	1.1
Jun 24	1.1

Book Value Per Share (CAD)

NA.TO Book Value Per Share (CAD) by quarter
Period	Book Value Per Share (CAD)
26 Q3	90.14
26 Q2	86.87
26 Q1	85.16
25 Q4	86.25
25 Q3	85.23
25 Q2	84.34
25 Q1	77.47
24 Q4	75.21
24 Q3	73.96
24 Q2	71.65

Total Assets (CAD)

NA.TO Total Assets (CAD) by quarter
Period	Total Assets (CAD)
26 Q3	635.16B
26 Q2	617.73B
26 Q1	605.87B
25 Q4	576.92B
25 Q3	552.62B
25 Q2	536.19B
25 Q1	483.83B
24 Q4	462.23B
24 Q3	453.93B
24 Q2	441.69B

PE Ratio

NA.TO PE Ratio by quarter
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 quarter
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 quarter
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 quarter
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 quarter
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 quarter
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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News: NA.TO

defenseworld.net · 5 Aug 2026