Canadian Stocks with Highest Return on Equity (ROE)

Return on Equity measures how effectively a company uses shareholder capital to generate profits. A higher ROE indicates management is creating more value per dollar invested by shareholders.

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Showing 200 companies (CDRs hidden)

Rank	Company	Symbol	Sector	Market Cap	ROE (TTM)
1	Bitcoin Fund Unit	QBTC:TO	Financials	$310M	7578.14%
2	Roche Holding AG	ROG:TO	-	$257.8B	3928.69%
3	Cymbria Corporation	CYB:TO	Financials	$2.0B	1922.62%
4	Groupe Dynamite Inc	GRGD:TO	-	$7.2B	271.77%
5	Storm Exploration Inc.	STRM:V	Materials	$11M	260.54%
6	Visible Gold Mines Inc	VGD:V	Materials	$6M	236.58%
7	Mackenzie Mstr Un (MKZ-UN.TO	MKZ-UN:TO	Financials	$3M	196.92%
8	Docebo Inc	DCBO:TO	Information Technology	$786M	195.48%
9	Infinitum Copper Corp	INFI:V	Materials	$1M	169.46%
10	HPQ Silicon Resources Inc	HPQ:V	Materials	$68M	155.11%
11	Castlecap Capital Inc	CSTL-P:V	Financials	$0M	139.57%
12	Green Shift Commodities Ltd.	GCOM:V	Materials	$10M	134.08%
13	Pet Valu Holdings Ltd	PET:TO	Consumer Discretionary	$1.4B	133.27%
14	FLINT Corp.	FLNT:TO	Energy	$150M	117.67%
15	Almaden Minerals Ltd.	AMM:V	-	$37M	110.55%
16	TDb Split Corp	XTD:TO	Financials	$51M	103.76%
17	Premium Income Corporation	PIC-A:TO	Financials	$231M	102.79%
18	Orecap Invest Corp.	OCI:V	Materials	$37M	102.75%
19	Lundin Gold Inc	LUG:TO	Materials	$21.8B	101.20%
20	GO Residential Real Estate Investment Trust	GO-U:TO	-	$315M	99.79%
21	Dollarama Inc	DOL:TO	Consumer Discretionary	$51.4B	99.47%
22	Palisades Goldcorp Ltd.	PALI:V	Materials	$320M	87.03%
23	M Split Corp	XMF-A:TO	Financials	$2M	82.97%
24	AI Artificial Intelligence Ventures Inc.	AIVC:V	Financials	$6M	82.34%
25	Avidian Gold Corp	AVG:V	Materials	$3M	82.33%
26	Precious Metals And Mining Trust	MMP-UN:TO	Financials	$40M	81.41%
27	TVI Pacific Inc	TVI:V	Materials	$36M	78.75%
28	Olive Resource Capital Inc	OC:V	Materials	$12M	76.17%
29	Vitreous Glass Inc	VCI:V	Industrials	$44M	75.07%
30	Transition Metals Corp	XTM:V	Materials	$6M	73.17%
31	Heliostar Metals Ltd	HSTR:V	Materials	$578M	73.03%
32	D-Box Technologies Inc.	DBO:TO	Consumer Discretionary	$271M	68.47%
33	Rumbu Holdings Ltd.	RMB:V	-	$10M	67.79%
34	Copper Road Resources Inc.	CRD:V	Materials	$8M	67.34%
35	Austral Gold Ltd	AGLD:V	Materials	$90M	66.84%
36	Chibougamau Independent Mines Inc	CBG:V	Materials	$19M	66.60%
37	Noble Mineral Exploration Inc	NOB:V	Materials	$18M	65.18%
38	Dundee Corporation	DC-A:TO	Consumer Staples	$367M	64.67%
39	Andean Precious Metals Corp.	APM:TO	-	$1.0B	63.30%
40	Kaymus Resources Inc	KYS-H:V	Energy	$1M	62.08%
41	Canadian Banc Corp	BK:TO	Financials	$922M	61.76%
42	Zimtu Capital Corp	ZC:V	Financials	$7M	60.98%
43	Goldspot Discoveries Corp	SPOT:V	Information Technology	$43M	60.93%
44	Plato Gold Corp.	PGC:V	Materials	$7M	60.88%
45	North American Financial 15	FFN:TO	Financials	$758M	58.77%
46	NG Energy International Corp.	GASX:TO	-	$424M	58.70%
47	Magna Terra Minerals Inc	MTT:V	Materials	$18M	58.63%
48	Alphamin Res	AFM:V	Materials	$2.0B	58.47%
49	New Gold Inc	NGD:TO	Materials	$9.6B	57.88%
50	Coloured Ties Capital Inc	TIE:V	Financials	$6M	57.86%
51	Financial 15 Split Corp	FTN:TO	Financials	$971M	55.74%
52	Thor Explorations Ltd.	THX:V	Materials	$707M	55.53%
53	Matachewan Consolidated Mines Limited	MCM-A:V	Energy	$6M	55.08%
54	Queen's Road Capital Investment Ltd.	QRC:TO	Financials	$778M	55.01%
55	Silver Elephant Mining Corp	ELEF:TO	Materials	$8M	54.26%
56	R&R Real Estate Investment Trust	RRR-UN:V	Real Estate	$3M	54.06%
57	Sprott Physical Gold and Silver Trust	CEF-U:TO	-	$3.8B	53.87%
58	Sprott Physical Gold and Silver Trust	CEF:TO	Financials	$11.4B	53.87%
59	Artemis Gold Inc	ARTG:V	Materials	$9.3B	53.51%
60	Metalquest Mining Inc.	MQM:V	Materials	$6M	53.49%
61	Elysee Development Corp	ELC:V	Financials	$17M	53.20%
62	Amerigo Resources Ltd.	ARG:TO	Materials	$1.3B	53.09%
63	Discovery Silver Corp.	DSV:TO	Materials	$8.8B	52.93%
64	Celestica Inc.	CLS:TO	Information Technology	$54.6B	52.69%
65	Brompton Split Banc Corp	SBC:TO	Financials	$518M	52.39%
66	BRP Inc	DOO:TO	Consumer Discretionary	$6.6B	52.33%
67	Glacier Media Inc.	GVC:TO	Communication Services	$49M	51.58%
68	Minco Capital Corp	MMM:V	Financials	$9M	50.92%
69	Vaxil Bio Ltd	VXL:V	Health Care	$1M	50.89%
70	Dividend 15 Split Corp	DFN:TO	Financials	$1.4B	50.56%
71	Wesdome Gold Mines Ltd.	WDO:TO	Materials	$5.0B	49.01%
72	Life & Banc Split Corp	LBS:TO	Financials	$1.6B	47.83%
73	Canadian Life Companies Split Corp	LFE:TO	Financials	$199M	47.55%
74	Canadian Life Companies Split Corp Pref B	LFE-PB:TO	Financials	$49M	47.55%
75	Sparta Capital Ltd	SAY:V	Industrials	$4M	47.51%
76	K92 Mining Inc	KNT:TO	Materials	$7.2B	46.07%
77	Extendicare Inc	EXE:TO	Health Care	$3.0B	43.81%
78	Bausch Health Companies Inc	BHC:TO	Health Care	$3.2B	43.64%
79	BioRem Inc.	BRM:V	Industrials	$63M	43.57%
80	Monument Mining Limited	MMY:V	Materials	$294M	42.96%
81	Peruvian Metals Corp	PER:V	Materials	$25M	42.56%
82	Orla Mining Ltd	OLA:TO	Materials	$5.1B	41.97%
83	Simply Solventless Concentrates Ltd.	HASH:V	-	$7M	41.76%
84	Serabi Gold PLC	SBI:TO	Materials	$441M	41.56%
85	Yangaroo Inc	YOO:V	Communication Services	$3M	41.46%
86	Altius Minerals Corporation	ALS:TO	Materials	$3.7B	40.81%
87	AnalytixInsight Inc	ALY:V	Information Technology	$2M	40.00%
88	Olympia Financial Group Inc	OLY:TO	Financials	$248M	39.75%
89	Stack Capital Group Inc	STCK:TO	Financials	$261M	37.75%
90	Discovery Harbour Resources Corp	DHR:V	Materials	$1M	37.66%
91	Zoomd Technologies Ltd	ZOMD:V	Communication Services	$51M	37.61%
92	OceanaGold Corporation	OGC:TO	Materials	$9.0B	37.34%
93	Ironman International Ltd.	IMI:V	-	$15M	37.06%
94	Mineros SA	MSA:TO	Materials	$2.2B	37.01%
95	Kinross Gold Corp	K:TO	Materials	$45.4B	36.99%
96	Canso Select Opportunities Corporation	CSOC-A:V	Financials	$30M	36.92%
97	Canso Select Opportunities Corporation	CSOC-B:V	Financials	$29M	36.92%
98	Mako Mining Corp	MKO:V	Materials	$1.2B	36.35%
99	Centaurus Energy Inc	CTA:V	Energy	$1M	36.15%
100	Empress Royalty Corp	EMPR:V	Materials	$124M	36.01%
101	Aritzia Inc	ATZ:TO	Consumer Discretionary	$16.0B	35.91%
102	Brompton Lifeco Split Corp	LCS:TO	Financials	$107M	35.65%
103	Val-d'Or Mining Corporation	VZZ:V	Materials	$29M	35.52%
104	Golconda Gold Ltd.	GG:V	Materials	$196M	35.49%
105	Quebecor Inc	QBR-A:TO	Communication Services	$14.9B	35.20%
106	Quebecor Inc	QBR-B:TO	Communication Services	$14.8B	35.20%
107	Eureka Capital Corp.	EBCD-P:V	Financials	$0M	35.18%
108	49 North Resources Inc	FNR:V	Financials	$5M	35.15%
109	Santacruz Silver Mining Ltd.	SCZ:V	Materials	$1.1B	34.94%
110	Vox Royalty Corp.	VOXR:TO	Materials	$500M	34.88%
111	Restaurant Brands International Inc	QSR:TO	Consumer Discretionary	$47.9B	34.79%
112	Restaurant Brands International Limited Partnership	QSP-UN:TO	Consumer Discretionary	$34.1B	34.79%
113	Medical Facilities Corporation	DR:TO	Health Care	$259M	34.17%
114	Air Canada	AC:TO	Industrials	$8.6B	33.70%
115	Centerra Gold Inc	CG:TO	Materials	$5.8B	32.88%
116	Hemisphere Energy Corporation	HME:V	Energy	$246M	32.68%
117	Steppe Gold Ltd	STGO:TO	Materials	$389M	32.58%
118	IAMGold Corporation	IMG:TO	Materials	$14.4B	32.33%
119	Dividend Growth Split Corp	DGS:TO	Financials	$474M	32.18%
120	Thermal Energy International Inc.	TMG:V	Industrials	$26M	32.06%
121	BCE Inc Pref N	BCE-PN:TO	Communication Services	$83.5B	32.03%
122	Transoceanic Investments Inc.	OCEN:V	-	$9M	31.67%
123	Bce Inc Pref J	BCE-PJ:TO	Communication Services	$79.5B	31.49%
124	Tenaz Energy Corp.	TNZ:TO	Energy	$1.9B	31.46%
125	Endeavour Mining Corp	EDV:TO	Materials	$18.6B	31.34%
126	Dundee Precious Metals Inc	DPM:TO	Materials	$13.5B	31.31%
127	5N Plus Inc.	VNP:TO	Materials	$2.7B	30.95%
128	Rogers Communications Inc	RCI-B:TO	Communication Services	$26.9B	30.92%
129	Rogers Communications Inc	RCI-A:TO	Communication Services	$27.6B	30.92%
130	Ero Copper Corp	ERO:TO	Materials	$5.0B	30.81%
131	Bce Inc Pref S	BCE-PS:TO	Communication Services	$77.6B	30.47%
132	BCE Inc Pref AI	BCE-PI:TO	Communication Services	$10.2B	30.47%
133	Bce Inc Pref H	BCE-PH:TO	Communication Services	$78.1B	30.47%
134	Bce Inc Pref E	BCE-PE:TO	Communication Services	$75.9B	30.47%
135	BCE Inc Pref AB	BCE-PB:TO	Communication Services	$76.0B	30.47%
136	Bce Inc Pref G	BCE-PG:TO	Communication Services	$87.1B	30.47%
137	BCE Inc Pref AL	BCE-PL:TO	Communication Services	$84.1B	30.47%
138	BCE Inc Pref M	BCE-PM:TO	Communication Services	$86.8B	30.47%
139	Bce Inc Pref Z	BCE-PZ:TO	Communication Services	$81.2B	30.47%
140	Bce Inc Pref T	BCE-PT:TO	Communication Services	$82.9B	30.47%
141	BCE Inc Pref R	BCE-PR:TO	Communication Services	$74.3B	30.47%
142	BCE Inc Pref AK	BCE-PK:TO	Communication Services	$87.8B	30.47%
143	BCE Inc Pref AF	BCE-PF:TO	Communication Services	$85.7B	30.47%
144	Bce Inc Pref D	BCE-PD:TO	Communication Services	$76.6B	30.47%
145	BCE Inc Pref Q	BCE-PQ:TO	Communication Services	$70.5B	30.47%
146	BCE Inc	BCE:TO	Communication Services	$30.3B	30.47%
147	BCE Inc Pref AC	BCE-PC:TO	Communication Services	$73.0B	30.47%
148	BCE Inc Pref AA	BCE-PA:TO	Communication Services	$78.1B	30.47%
149	BCE Inc Pref Y	BCE-PY:TO	Communication Services	$76.2B	30.47%
150	Yellow Pages Limited	Y:TO	Communication Services	$151M	30.34%
151	Searchlight Resources Inc	SCLT:V	Materials	$4M	30.18%
152	A&W Food Services of Canada	AW:TO	-	$884M	30.08%
153	GoldMoney Inc	XAU:TO	Financials	$169M	29.38%
154	Orca Energy Group Inc	ORC-A:V	Energy	$396M	29.30%
155	Orca Energy Group Inc	ORC-B:V	Energy	$50M	29.30%
156	China Gold International Resources	CGG:TO	Materials	$14.2B	29.23%
157	NamSys Inc	CTZ:V	Information Technology	$32M	29.08%
158	Tethys Petroleum Ltd	TPL:V	Energy	$148M	29.01%
159	Galiano Gold Inc	GAU:TO	Materials	$760M	28.86%
160	Largo Physical Vanadium Corp	VAND:V	Materials	$11M	28.77%
161	Senvest Capital Inc.	SEC:TO	Financials	$1.0B	28.71%
162	CLEANTEK Industries Inc	CTEK:V	Industrials	$17M	28.49%
163	Prime Dividend Corp	PDV:TO	Financials	$11M	28.45%
164	Alvopetro Energy	ALV:V	Energy	$368M	27.91%
165	Torex Gold Resources Inc	TXG:TO	Materials	$5.6B	27.80%
166	Big Pharma Split Corp	PRM-PA:TO	Financials	-	27.55%
167	Big Pharma Split Corp Class A	PRM:TO	Financials	$19M	27.55%
168	Alamos Gold Inc	AGI:TO	Materials	$19.2B	27.41%
169	CareRx Corp	CRRX:TO	Health Care	$210M	27.34%
170	Sprott Inc.	SII:TO	Financials	$4.2B	27.29%
171	Evertz Technologies Limited	ET:TO	Information Technology	$1.2B	27.26%
172	Parex Resources Inc	PXT:TO	Energy	$2.5B	27.04%
173	Barrick Gold Corp	ABX:TO	Materials	$93.9B	27.01%
174	International Parkside Products Inc	IPD:V	Materials	$1M	26.96%
175	Brookfield Asset Management Ltd	BAM:TO	Financials	$121.3B	26.77%
176	Canadian Natural Resources Ltd	CNQ:TO	Energy	$136.8B	26.69%
177	Tiernan Gold Corp.	TNGD:V	-	$370M	26.49%
178	Cipher Pharmaceuticals Inc	CPH:TO	Health Care	$357M	25.94%
179	Unisync Corp	UNI:TO	Consumer Discretionary	$46M	25.77%
180	Emergent Metals Corp	EMR:V	Materials	$5M	25.75%
181	Coast Copper Corp	COCO:V	Materials	$21M	25.70%
182	Mason Graphite Inc.	LLG:V	Materials	$13M	25.63%
183	Economic Investment Trust Ltd	EVT:TO	Energy	$128M	25.59%
184	Rockridge Resources Ltd	ROCK:V	Materials	$146M	25.35%
185	Scorpio Gold Corp	SGN:V	Materials	$101M	24.79%
186	Orezone Gold Corp	ORE:TO	Materials	$1.8B	24.57%
187	Alkane Resources Limited	ALK:TO	-	$2.1B	24.49%
188	Loblaw Companies Limited	L:TO	Consumer Staples	$72.9B	24.48%
189	Lundin Mining Corporation	LUN:TO	Materials	$31.1B	24.33%
190	Fortuna Silver Mines Inc	FVI:TO	Materials	$4.5B	24.15%
191	Aya Gold & Silver Inc	AYA:TO	Materials	$5.6B	24.13%
192	Headwater Exploration Inc	HWX:TO	Energy	$3.2B	24.03%
193	G Mining Ventures Corp.	GMIN:TO	-	$14.7B	23.78%
194	CES Energy Solutions Corp	CEU:TO	Energy	$4.0B	23.62%
195	Wheaton Precious Metals Corp	WPM:TO	Materials	$85.3B	23.55%
196	Xtra-Gold Resources Corp	XTG:TO	Materials	$126M	23.51%
197	NexgenRX Inc.	NXG:V	Health Care	$40M	23.51%
198	McChip Resources Inc	MCS:V	Energy	$5M	23.41%
199	Agnico Eagle Mines Limited	AEM:TO	Materials	$127.4B	22.97%
200	First Capital Real Estate Investment Trust	FCR-UN:TO	Real Estate	$4.9B	22.95%

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Frequently Asked Questions

Which Canadian company has the highest ROE?

Bitcoin Fund Unit (QBTC:TO) currently leads Canadian stocks with an ROE of 7578.1%. This means for every dollar of shareholder equity, the company generates 7578 cents in annual profit.

What is a good ROE for a Canadian company?

Generally, an ROE above 15% is considered good, above 20% is excellent, and above 25% is exceptional. However, context matters: some industries naturally have higher ROE due to their capital structure. Banks often have high ROE due to leverage, while capital-intensive industries like utilities may have lower but stable ROE.

How is Return on Equity calculated?

ROE is calculated as: Net Income / Shareholders' Equity. For example, if a company earns $50 million in net income and has $250 million in shareholder equity, its ROE is 20%. TTM (Trailing Twelve Months) ROE uses the most recent 12 months of earnings data.

Why do investors care about ROE?

ROE shows how well management is using investor capital. Companies with consistently high ROE can compound shareholder wealth faster. Warren Buffett famously looks for companies with ROE above 15%. However, very high ROE can sometimes indicate high debt levels, so it should be analyzed alongside other metrics.

What's the difference between ROE and ROA?

ROE measures returns on shareholder equity only, while ROA (Return on Assets) measures returns on all assets including debt. A company with high debt might have high ROE but lower ROA. Comparing both helps understand how much leverage a company uses to generate returns.

CIBC Investor's Edge

Canadian Stocks with Highest Return on Equity (ROE)

Frequently Asked Questions

Which Canadian company has the highest ROE?

What is a good ROE for a Canadian company?

How is Return on Equity calculated?

Why do investors care about ROE?

What's the difference between ROE and ROA?

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