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Finning International
Finning International (FTT) investor relations material
Finning International Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary11 Feb, 2026
Executive summary
Achieved 2025 revenue of $10.6 billion, up 7% year-over-year, with strong growth in all regions and a record equipment backlog of $3.1 billion, up 20% from 2024.
Product support revenue rose 8% to nearly $6 billion, with 10% growth in Canada, 5% in South America, and flat in UK & Ireland.
Completed operational simplification, including restructuring and the sale of 4Refuel, to focus on core dealership growth and capital efficiency.
Enhanced digital and technology capabilities, added 225 new technicians, and executed disciplined cost control.
Adjusted EPS reached $4.12, up 14% from 2024, and free cash flow was $546 million for 2025.
Financial highlights
Q4 2025 revenue was $2.7 billion, up 6% year-over-year; adjusted EBIT was $209 million, and adjusted EPS was $1.00, up 3% year-over-year.
Gross profit margin for Q4 2025 was 23.0%, with SG&A margin at 15.4%, down 10 bps year-over-year.
Q4 free cash flow was $642 million; annual free cash flow reached $546 million.
Net debt to adjusted EBITDA ratio reduced to 1.2x from 1.7x year-over-year.
Adjusted ROIC reached 19.2% in Q4, up 130 bps year-over-year.
Outlook and guidance
Remain constructive on long-term outlook in all markets, with focus on growth, earnings expansion, and strong ROIC.
Expect to build rental fleet and invest over $350 million in 2026 to capture market opportunities as construction recovers.
Anticipate continued strong demand in power and energy, especially for data center prime power in Alberta.
Cautious optimism for resource development and infrastructure in Western Canada; steady mining activity expected in Canada and South America.
Medium-term bullish outlook for South American copper; near-term moderation in Chile as fleets are realigned.
Canada ops: Apply UK&I overhead strategy
Rental fleet build for Canada construction?
South America mining sector outlook?
Chile fleet reorganization: product support impact?
Argentina: balancing growth vs. market volatility?
Alberta data centers: prime power opportunity?
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Next Finning International earnings date
Q1 202612 May, 2026
Finning International
Next Finning International earnings date
Q1 202612 May, 2026
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Frequently asked questions
Finning International Inc is a dealer of Caterpillar equipment and provides parts, maintenance, and support services for heavy machinery. The company serves construction, mining, forestry, and energy sectors across Canada, South America, and the UK. It is headquartered in Vancouver, Canada, and its shares are listed on the TSX.
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