CCJ

Cameco
D

CCJ

Arincen83/100B

If you had invested in Cameco ago, it would be worth $8,818 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

83/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation7.5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Cameco key facts

Style
Growth stock · 8.0/10Growth 8.0 · Value 2.1 · Dividend 1.0
Day range
70.220 – 72.470
52-week range
66.060 – 135.240
Market capitalization
30.67B USD
P/E
109.94
PEG ratio
3.75
EPS
0.64
Div Yield
0.24%
EPS growth forecast (FY2026)
-19.4%
Volume
115,549
Beta
1.06
ESG score
66.4/100Environment 59 · Social 72 · Governance 68
Sector
Energy
Industry
Uranium
CEO
Timothy S. Gitzel
Employees
3K
Website
cameco.com
IPO date
14 Mar 1996

Cameco earnings

Next earnings · Q4 FY2026
EPS estimate
0.31 USD
Revenue estimate
794.13M USD
Last quarter · Q3 FY2026
EPS-0.00Missed -101.4%Revenue434.72MMissed -18.2%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20270.37———559.20M——+28.63%
Q2 FY20270.35——+165.68%650.38M——+13.49%
Q1 FY20270.35——+3.40%657.83M——+8.29%
Q4 FY20260.31——-14.83%794.13M——-9.20%
Q3 FY20260.23-0.00-101.42%-106.54%531.67M434.72M-18.23%-1.34%
Q2 FY20260.260.13-50.00%-74.51%579.60M573.06M-1.13%-10.98%
Q1 FY20260.290.34+17.24%+209.09%598.63M607.49M+1.48%+9.59%
Q4 FY20250.290.36+24.14%+38.46%806.26M874.57M+8.47%+6.37%
Q3 FY20250.140.05-64.61%—389.39M440.62M+13.16%-17.02%
Q2 FY20250.270.51+87.57%+410.00%427.79M643.71M+50.47%+47.06%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Cameco analyst forecast

12-month price target
123.25 USD
+75.05%

Analysts' 1-year price targets range from 95.00 to 138.00, with an average of 123.25.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
5 ratings
Buy
4
Hold
1
Sell
0

12-month price target

Highest target138.00
Average target123.25
Lowest target95.00
Current price70.41

Cameco valuation

Price to earnings ratio (TTM)
109.94
Forward P/E (FY2026)
84.80
Price to sales (TTM)
12.63
Price to book
6.03
EV / EBITDA (TTM)
50.40

Capital structure

Market capitalization
30.67B USD
+
Total debt
709.91M USD
−
Cash and short-term investments
604.92M USD
=
Enterprise value
30.77B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)34.20————
FY2027 (est.)43.4934.20———
FY2026 (est.)84.8043.49———
Now (TTM)109.9446.4712.636.0350.40
FY202592.9951.5415.717.9247.69
FY2024184.7651.5410.255.0543.45
FY202368.7594.249.564.0632.47
FY2022139.5435.996.662.1337.14
FY2021-106.0417.787.432.2672.73

Cameco against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Venture Global, EQT, Cheniere Energy Partners, L.P., Halliburton, First Solar, and TransCanada PipeLines Limited 6, the US Energy companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median109.9
    69.5329.9
  • Gross marginAt its median26.7%
    0.1%33.9%
    Against its peers: 6 of 7Peers' median 44.4%
  • Operating marginHighest in 5 years17.8%
    -9.2%17.8%
    Against its peers: 6 of 7Peers' median 34.0%
  • Net marginHighest in 5 years16.9%
    -7.0%16.9%
    Against its peers: 6 of 7Peers' median 25.1%
  • Return on equityHighest in 5 years8.5%
    -2.1%8.5%
    Against its peers: 7 of 7Peers' median 14.7%
  • Free cash flow marginHighest in 5 years30.9%
    8.6%30.9%
    Against its peers: 2 of 7Peers' median 15.1%
  • Revenue growthBelow its median10.9%
    -18.1%38.5%
    Against its peers: 5 of 7Peers' median 23.8%
  • EPS growthAt its median246.2%
    -53.0%277.3%
    Against its peers: 2 of 7Peers' median 29.6%
  • Debt to EBITDALowest in 5 years0.88×
    0.88×6.76×
    Against its peers: 2 of 7Peers' median 2.65×
  • Current ratioAt its median2.47
    1.555.92
    Against its peers: 2 of 7Peers' median 0.86

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Cameco growth and profitability

Revenue (TTM)
3.46B CAD
Net income (TTM)
396.82M CAD
Gross margin
24.17%
Operating margin
12.64%
Net margin
11.46%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20253.48B+10.95%589.10M+242.79%26.73%17.77%16.93%1.14B+51.42%
FY20243.14B+21.18%171.85M-52.38%33.91%16.27%5.48%755.62M-5.49%
FY20232.59B+38.53%360.85M+303.71%30.22%10.93%13.94%799.52M+141.40%
FY20221.87B+26.65%89.38M—12.49%0.81%4.78%331.21M+124.90%
FY20211.47B-18.06%-102.58M—0.13%-9.23%-6.95%147.27M-14.17%

Cameco revenue breakdown

By region

FY2025
United States: 94.8%Switzerland: 5.2%94.8%United States5.2%Switzerland
RegionRevenueShare of revenueChange on the year
United States424.12M94.8%-33.7%
Switzerland23.16M5.2%—

How Cameco makes its money

Revenue3.48B 100.0%
Cost of revenue2.55B 73.3%
Gross profit929.85M 26.7%
Research and development38.44M 1.1%
Selling and administration311.00M 8.9%
Operating income618.14M 17.8%
Tax187.57M 5.4%
Net income589.10M 16.9%

FY2025, in CAD. Each band is as wide as its money; the percentage is its share of revenue.

Cameco dividends

Annual dividend
0.17 USD
Dividend yield (indicated)
0.24%
Payout ratio
53.12%
Years of dividend growth
7
Frequency
Annual
Next payment
0.17 USD
Next ex-dividend date
30 Nov 2026
Next payment date
15 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share0.170.110.090.090.070.060.060.140.320.30

Cameco financial health

Cash and short-term investments
862.84M CAD
Total debt
1.01B CAD
Net cash
-149.75M CAD
Free cash flow (TTM)
337.50M CAD
Current ratio
2.55
Debt to equity
0.14
Piotroski score
5 / 9
Altman Z-score
9.53

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20251.21B1.01B1.08B
FY2024600.46M1.30B693.65M
FY2023566.81M1.79B534.51M
FY20222.28B997.00M161.16M
FY20211.33B996.25M359.50M

Cameco ownership

Institutions
63.35%
Institutional holders
1,114 (+12)
Free float
99.77%

Who owns the shares

Institutions 63.4% Others 36.6%
As of 30 Jun 2026

Shares free to trade

Free float 434.55M shares ·99.8% Closely held 982.13K shares ·0.2%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025435.36M435.58M-0.09%
FY2024434.87M435.96M+0.14%
FY2023433.38M435.36M+6.93%
FY2022405.49M407.14M+2.39%
FY2021397.63M397.63M+0.46%

Source: Financial Modeling Prep

Related Instruments

Title: Cameco Corp

Sector: Energy
Industry: Uranium
Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe and is one of those uranium producers. It has three reportable segments: Uranium, Fuel Services, and Westinghouse, deriving maximum revenue from the Westinghouse segment. The Uranium segment involves the exploration for, mining, milling, purchase, and sale of uranium concentrate, while the Fuel Services segment involves the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services. Westinghouse Electric Company provides products and services to nuclear reactors, including outage and maintenance services, engineering support, instrumentation and controls equipment, plant modification, and components and parts.

Common questions about Cameco stock