Badger Infrastructure Solutions (TSX:BDGI) EBIT: C$124 Mil (TTM As of Mar. 2026)


TSX:BDGI Badger Infrastructure Solutions Ltd TSX:BDGI
89 GF Score
Price C$94.89
GF Value C$55.59
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Badger Infrastructure Solutions EBIT?

Badger Infrastructure Solutions TSX:BDGI +6.06% 89 EBIT is C$124 Mil as of Mar. 2026. GuruFocus rates TSX:BDGI with a GF Score™ of 89/100 and a GF Value™ of C$55.59 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Badger Infrastructure Solutions's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was C$6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was C$124 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Badger Infrastructure Solutions's annualized ROC % for the quarter that ended in Mar. 2026 was 7.86%. Badger Infrastructure Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Badger Infrastructure Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.44%.

Badger Infrastructure Solutions  (TSX:BDGI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Badger Infrastructure Solutions's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=71.76 * ( 1 - 0% )/( (907.662 + 917.217)/ 2 )
=71.76/912.4395
=7.86 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1052.259 - 138.02 - ( 6.577 - max(0, 222.248 - 303.604+6.577))
=907.662

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1086.015 - 159.468 - ( 9.33 - max(0, 233.167 - 315.443+9.33))
=917.217

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Badger Infrastructure Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=23.144/( ( (702.2 + max(99.19, 0)) + (729.21 + max(88.427, 0)) )/ 2 )
=23.144/( ( 801.39 + 817.637 )/ 2 )
=23.144/809.5135
=2.86 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(239.287 + 20.773 + 30.766) - (138.02 + 0 + 53.616)
=99.19

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(235.522 + 23.513 + 30.886) - (159.468 + 0 + 42.026)
=88.427

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Badger Infrastructure Solutions's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=123.989/3605.331
=3.44 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Badger Infrastructure Solutions EBIT Related Terms

Badger Infrastructure Solutions EBIT Historical Data

* Premium members only.

The historical data trend for Badger Infrastructure Solutions's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Badger Infrastructure Solutions EBIT Chart

Badger Infrastructure Solutions Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.79 41.35 98.24 116.89 130.95

Badger Infrastructure Solutions Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.07 38.41 57.71 22.09 5.79

TSX:BDGI vs PWR, FIX, EME: EBIT Comparison

For the Engineering & Construction subindustry, Badger Infrastructure Solutions's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Badger Infrastructure Solutions EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, Badger Infrastructure Solutions's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Badger Infrastructure Solutions's EV-to-EBIT falls into.


TSX:BDGI
89GF Score
Badger Infrastructure Solutions Ltd TSX:BDGI
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Badger Infrastructure Solutions EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$124 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of C$124 Mil mean?
Badger Infrastructure Solutions (TSX:BDGI) has a EBIT of C$124 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Badger Infrastructure Solutions.
Is Badger Infrastructure Solutions' EBIT too high?
Badger Infrastructure Solutions' current EBIT is C$124 Mil. Overall, Badger Infrastructure Solutions has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Badger Infrastructure Solutions' EBIT compare to PWR and FIX?
Badger Infrastructure Solutions' EBIT of C$124 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Construction company?
A good EBIT depends on the Construction industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Badger Infrastructure Solutions. Badger Infrastructure Solutions's current EBIT is C$124 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Badger Infrastructure Solutions stock overvalued right now?
Based on GuruFocus' analysis, Badger Infrastructure Solutions (TSX:BDGI) is currently considered Significantly Overvalued. The stock's GF Value™ is C$55.59, compared to a current price of C$94.89 — trading 70.7% above its estimated fair value. The current EBIT is C$124 Mil. Badger Infrastructure Solutions' overall GF Score™ is 89/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Badger Infrastructure Solutions (TSX:BDGI), the current EBIT is C$124 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Badger Infrastructure Solutions (TSX:BDGI) Overvalued in 2026?

Based on GuruFocus' analysis, Badger Infrastructure Solutions stock appears to be overvalued. The current stock price of C$94.89 is trading 70.7% above its estimated GF Value™ of C$55.59. GuruFocus considers Badger Infrastructure Solutions to be Significantly Overvalued.

Key valuation signals for TSX:BDGI:

  • EBIT: C$124 Mil
  • GF Value™: C$55.59 vs. price of C$94.89 (70.7% above fair value)
  • GF Score™: 89/100 with 7 warning signs

No single metric tells the full story. See the TSX:BDGI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Badger Infrastructure Solutions Business Description

Other Exchanges BDGIF:USA
Address 919 - 11th Avenue SW, Suite 400, Calgary, AB, CAN, T2R 1P3
Badger Infrastructure Solutions Ltd is North America's provider of non-destructive excavating and related services, with operations in both the United States and Canada. Its key technology is the Badger Hydrovac, which is used predominantly for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. The company manufactures and designs its truck-mounted hydrovac units into its existing and future design and manufacturing processes. It provides services to contractors and facility owners in a range of infrastructure industries, general commercial construction and industrial cleaning services.
89GF Score

Get the complete analysis for TSX:BDGI

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$94.89
Price
C$55.59
GF Value