Revenue performance remains volatile with a recent 16.4% growth in 2026Q2 failing to offset a broader trend of margin compression, as evidenced by the negative 12.5% gross margin reported in 2026Q1.
| Metric | TTM | Aug'25 | Aug'24 | Aug'23 | Aug'22 | Aug'21 | Aug'20 | Aug'19 | Aug'18 | Aug'17 | Aug'16 | Aug'15 | Aug'14 | Aug'13 | Aug'12 | Aug'11 | Aug'10 | Aug'09 | Aug'08 | Aug'07 | Aug'06 | Aug'05 |
|---|
| Sales/Revenue | 42.17M | 41.3M | 47.15M | 54.29M | 62.9M | 57.5M | 44.95M | 45.45M | 53.92M | 47.7M | 48.11M | 42.24M | 42.34M | 49.29M | 45.95M | 42.06M | 41.57M | 42.13M | 64.32M | 70.52M | 76.1M | 74.62M |
| Revenue Growth % | -11.1% | -12.4% | -13.16% | -13.69% | 9.39% | 27.94% | -1.1% | -15.72% | 13.04% | -0.85% | 13.9% | -0.24% | -14.09% | 7.27% | 9.25% | 1.16% | -1.32% | -34.5% | -8.78% | -7.33% | 1.98% | - |
| Cost of Goods Sold | 38.85M | 35.05M | 38.26M | 42.04M | 49.11M | 43.35M | 32.47M | 35.48M | 42.33M | 36.62M | 38.37M | 33.82M | 33.96M | 43.11M | 40.92M | 34.19M | 32.76M | 37.29M | 57.78M | 63.57M | 70.17M | 70.56M |
| COGS % of Revenue | - | 84.86% | 81.16% | 77.44% | 78.07% | 75.4% | 72.25% | 78.07% | 78.49% | 76.77% | 79.76% | 80.07% | 80.21% | 87.47% | 89.06% | 81.3% | 78.81% | 88.51% | 89.83% | 90.14% | 92.21% | 94.56% |
| Gross Profit | 3.31M | 6.25M | 8.88M | 12.25M | 13.79M | 14.15M | 12.47M | 9.96M | 11.6M | 11.08M | 9.74M | 8.42M | 8.38M | 6.18M | 5.03M | 7.86M | 8.81M | 4.84M | 6.54M | 6.95M | 5.93M | 4.06M |
| Gross Margin % | 7.86% | 15.14% | 18.84% | 22.56% | 21.93% | 24.6% | 27.75% | 21.93% | 21.51% | 23.23% | 20.24% | 19.93% | 19.79% | 12.53% | 10.94% | 18.7% | 21.19% | 11.49% | 10.17% | 9.86% | 7.79% | 5.44% |
| Gross Profit Growth % | - | -29.62% | -27.46% | -11.21% | -2.5% | 13.42% | 25.18% | -14.08% | 4.68% | 13.79% | 15.68% | 0.46% | 35.64% | 22.88% | -36.09% | -10.71% | 81.95% | -25.97% | -5.91% | 17.21% | 45.99% | - |
| Operating Expenses | 10.33M | 10M | 10.65M | 11.82M | 11.82M | 10.41M | 8.62M | 7.23M | 7.32M | 6.64M | 6.12M | 5.49M | 5.29M | 1.5M | 1.46M | 5.03M | 5.55M | 2.18M | 2.17M | 2.93M | 2.73M | 2.54M |
| OpEx % of Revenue | - | 24.22% | 22.6% | 21.77% | 18.8% | 18.1% | 19.17% | 15.9% | 13.58% | 13.92% | 12.72% | 13.01% | 12.5% | 3.05% | 3.19% | 11.96% | 13.35% | 5.18% | 3.37% | 4.15% | 3.58% | 3.4% |
| Selling, General & Admin | 7.32M | 9.68M | 10.3M | 11.42M | 11.5M | 10.16M | 8.4M | 7.04M | 7.05M | 6.37M | 5.85M | 5.21M | 5.02M | 1.5M | 1.46M | 5.03M | 5.55M | 2.18M | 2.17M | 2.93M | 2.73M | 2.54M |
| SG&A % of Revenue | - | 23.44% | 21.85% | 21.03% | 18.29% | 17.67% | 18.68% | 15.48% | 13.07% | 13.35% | 12.15% | 12.34% | 11.85% | 3.05% | 3.19% | 11.96% | 13.35% | 5.18% | 3.37% | 4.15% | 3.58% | 3.4% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 2.14M | 322.53K | 352.87K | 397.92K | 319.62K | 244.28K | 217.71K | 191.82K | 274.06K | 275.21K | 276.27K | 281.76K | 276.34K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -7.02M | -3.75M | -1.77M | 430.68K | 1.97M | 3.74M | 3.86M | 2.74M | 4.28M | 4.44M | 3.62M | 2.92M | 3.08M | 4.67M | 3.56M | 2.84M | 3.26M | 2.66M | 4.37M | 4.03M | 3.2M | 1.53M |
| Operating Margin % | -16.64% | -9.08% | -3.76% | 0.79% | 3.13% | 6.5% | 8.58% | 6.02% | 7.93% | 9.3% | 7.51% | 6.92% | 7.29% | 9.48% | 7.76% | 6.74% | 7.84% | 6.31% | 6.8% | 5.71% | 4.21% | 2.04% |
| Operating Income Growth % | - | -111.85% | -511.07% | -78.13% | -47.33% | -3.07% | 40.93% | -35.98% | -3.64% | 22.75% | 23.65% | -5.22% | -34% | 31.17% | 25.63% | -12.97% | 22.58% | -39.2% | 8.64% | 25.68% | 109.88% | - |
| EBITDA | -6.72M | -3.43M | -1.42M | 828.61K | 2.29M | 3.98M | 4.08M | 2.93M | 4.55M | 4.71M | 3.89M | 3.21M | 3.36M | 4.93M | 3.81M | 3.1M | 3.52M | 2.98M | 4.69M | 4.34M | 3.49M | 1.9M |
| EBITDA Margin % | -15.93% | -8.3% | -3.01% | 1.53% | 3.64% | 6.93% | 9.07% | 6.45% | 8.44% | 9.88% | 8.09% | 7.59% | 7.94% | 10% | 8.29% | 7.37% | 8.48% | 7.06% | 7.29% | 6.16% | 4.58% | 2.55% |
| EBITDA Growth % | -331.52% | -141.83% | -271.08% | -63.8% | -42.54% | -2.25% | 39.14% | -35.63% | -3.45% | 21.11% | 21.4% | -4.63% | -31.83% | 29.49% | 22.91% | -12.08% | 18.4% | -36.5% | 7.97% | 24.4% | 83.32% | - |
| D&A (Non-Cash Add-back) | 300.08K | 322.53K | 352.87K | 397.92K | 319.62K | 244.28K | 217.71K | 191.82K | 274.06K | 275.21K | 276.27K | 281.76K | 276.34K | 256.49K | 244.22K | 261.54K | 264.3K | 316.96K | 313.56K | 315.3K | 286.43K | 377.3K |
| EBIT | -7.28M | -3.89M | 803.82K | 500.93K | 1.74M | 4.44M | 3.86M | 2.74M | 4.28M | 4.44M | 3.62M | 2.92M | 3.08M | 5.06M | 5.02M | 1.87M | 3.27M | 2.67M | 4.4M | 4.03M | 3.88M | 1.74M |
| Net Interest Income | -39.4K | 0 | 33.45K | -458.46K | -163.04K | -15.32K | 24.42K | 45.23K | 30.03K | 27.89K | 15.14K | 5.28K | 370 | 37.38K | 13.22K | -440.76K | -4.01K | -37.92K | -189.63K | -234.59K | -136.85K | -129.79K |
| Interest Income | -31.09K | 0 | 33.45K | 0 | 0 | 0 | 24.42K | 45.23K | 30.03K | 27.89K | 15.14K | 5.28K | 370 | 37.38K | 13.97K | 0 | 12.22K | 5.45K | 0 | 0 | 74.75K | 215.8K |
| Interest Expense | 8.31K | 0 | 0 | 458.46K | 163.04K | 15.32K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 743 | 440.76K | 16.23K | 43.36K | 189.63K | 234.59K | 211.6K | 345.59K |
| Other Income/Expense | -434.21K | -135.4K | 2.57M | -388.21K | -388.55K | 684.52K | 31.02K | 150.59K | 3K | 27.5K | -95.25K | 31.99K | 30.63K | 391.24K | 1.46M | -1.41M | -1K | -35.07K | -165.94K | -227.8K | 462.97K | -129.79K |
| Pretax Income | -7.45M | -3.89M | 803.82K | 42.47K | 1.58M | 4.42M | 3.89M | 2.89M | 4.28M | 4.47M | 3.52M | 2.96M | 3.12M | 5.06M | 5.02M | 1.43M | 3.26M | 2.62M | 4.21M | 3.8M | 3.67M | 1.4M |
| Pretax Margin % | -17.67% | -9.41% | 1.7% | 0.08% | 2.51% | 7.69% | 8.65% | 6.36% | 7.94% | 9.36% | 7.32% | 7% | 7.36% | 10.28% | 10.93% | 3.4% | 7.84% | 6.23% | 6.54% | 5.38% | 4.82% | 1.87% |
| Income Tax | 638.71K | 244.07K | 82.07K | 63.1K | 416.88K | 969.25K | 1.1M | 787.69K | 1.36M | 1.74M | 1.39M | 1.18M | 1.26M | 1.93M | 1.96M | 528.31K | 1.28M | 1.04M | 1.6M | 1.5M | 1.33M | 465K |
| Effective Tax Rate % | -8.57% | -6.28% | 10.21% | 148.56% | 26.37% | 21.91% | 28.4% | 27.27% | 31.75% | 38.94% | 39.63% | 39.98% | 40.34% | 38.16% | 39.05% | 36.93% | 39.14% | 39.69% | 37.96% | 39.56% | 36.2% | 33.31% |
| Net Income | -8.09M | -4.13M | 721.75K | -20.63K | 1.16M | 3.45M | 2.78M | 2.1M | 2.92M | 2.73M | 2.13M | 1.77M | 1.86M | 3.13M | 3.06M | 902.39K | 1.98M | 1.58M | 2.61M | 2.29M | 2.34M | 931.09K |
| Net Margin % | -19.19% | -10% | 1.53% | -0.04% | 1.85% | 6.01% | 6.2% | 4.62% | 5.42% | 5.72% | 4.42% | 4.2% | 4.39% | 6.35% | 6.66% | 2.15% | 4.77% | 3.76% | 4.06% | 3.25% | 3.07% | 1.25% |
| Net Income Growth % | -538.39% | -672.23% | 3599.24% | -101.77% | -66.31% | 24.08% | 32.57% | -28.08% | 7.11% | 28.31% | 19.79% | -4.55% | -40.66% | 2.36% | 239.09% | -54.49% | 25.3% | -39.37% | 13.74% | -1.88% | 151.18% | - |
| Net Income (Continuing) | -8.09M | -4.13M | 721.75K | -20.63K | 1.16M | 3.45M | 2.78M | 2.1M | 2.92M | 2.73M | 2.13M | 1.77M | 1.86M | 3.13M | 3.06M | 902.39K | 1.98M | 1.58M | 2.61M | 2.29M | 2.34M | 931.09K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.30 | -1.17 | 0.21 | -0.01 | 0.33 | 0.99 | 0.77 | 0.50 | 0.66 | 0.60 | 0.44 | 0.34 | 0.31 | 0.50 | 0.44 | 0.11 | 0.21 | 0.17 | 0.27 | 0.24 | 0.25 | 0.10 |
| EPS Growth % | -535.76% | -657.14% | - | -101.79% | -66.67% | 28.57% | 54% | -24.24% | 10% | 36.36% | 29.41% | 9.68% | -38% | 13.64% | 300% | -47.62% | 23.53% | -37.04% | 12.5% | -4% | 150% | - |
| EPS (Basic) | - | -1.17 | 0.21 | -0.01 | 0.33 | 0.99 | 0.77 | 0.50 | 0.66 | 0.60 | 0.44 | 0.34 | 0.31 | 0.50 | 0.44 | 0.11 | 0.21 | 0.17 | 0.27 | 0.24 | 0.25 | 0.10 |
| Diluted Shares Outstanding | 3.52M | 3.52M | 3.5M | 3.5M | 3.49M | 3.49M | 3.62M | 4.23M | 4.43M | 4.55M | 4.87M | 5.16M | 5.94M | 6.27M | 6.89M | 8.24M | 9.56M | 9.56M | 9.56M | 9.52M | 9.19M | 9.29M |
| Basic Shares Outstanding | 3.52M | 3.52M | 3.5M | 3.5M | 3.49M | 3.49M | 3.62M | 4.23M | 4.43M | 4.55M | 4.87M | 5.16M | 5.94M | 6.27M | 6.89M | 8.24M | 9.56M | 9.56M | 9.56M | 9.51M | 9.19M | 8.87M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Liquidity and solvency constraints
According to the provided quarterly financial data, JCTC has experienced inconsistent revenue performance, with a recent 16.4% growth in 2026Q2 failing to offset a broader trend of contraction, as evidenced by the company's inability to sustain positive year-over-year growth across the majority of the observed ten-quarter period.
The revenue trajectory appears highly sensitive to seasonal retail cycles, yet the underlying trend suggests a loss of momentum in core DIY segments. Investors should monitor whether the recent quarterly uptick represents a genuine recovery in shelf velocity or merely a temporary fluctuation in inventory replenishment by major retail partners.
As reported in the company's income statements, gross margins have faced significant pressure, collapsing to a negative 12.5% in 2026Q1 and failing to consistently exceed the 15% threshold, which suggests a limited ability to pass through rising commodity costs to the end consumer in the current environment.
The extreme volatility in gross margins indicates that JCTC lacks the pricing power necessary to buffer against fluctuations in raw material costs and trans-Pacific freight rates. This structural weakness implies that the company's current business model may be fundamentally ill-equipped to handle inflationary pressures without sacrificing profitability.
Based on the historical income statement figures, JCTC's operating leverage is currently non-existent, as the company has reported negative operating margins in nine of the last ten quarters, with the most recent 2026Q2 operating margin standing at a concerning negative 10.6% despite recent revenue growth.
The inability to scale operating income alongside revenue suggests that fixed SG&A costs are disproportionately high relative to the company's current revenue base. This misalignment warrants further investigation into whether management can effectively right-size the cost structure or if the current operating model is inherently inefficient at this scale.
As indicated by the financial data, JCTC's net income has been consistently negative, with the company reporting a net loss of $1.2 million in 2026Q2, which highlights a persistent inability to generate bottom-line profitability despite the absence of significant stock-based compensation expenses in recent periods.
The lack of non-operating income or tax benefits to offset these losses suggests that the reported net income is a direct reflection of core operational struggles. Investors should be wary of the persistent EPS dilution, which appears to be driven by sustained operational deficits rather than one-time accounting charges.
While some may argue that JCTC's low debt-to-equity ratio provides a defensive buffer, the company's cash position of only $226,213, as noted in recent filings, suggests a precarious liquidity situation that could force management to seek dilutive financing or asset liquidations to maintain basic operations.
The bull case for JCTC relies on the potential for a turnaround in DIY demand, yet the current cash burn rate makes such a recovery appear increasingly speculative. The market's current valuation likely reflects a rational concern that the company may run out of runway before it can achieve a sustainable operating inflection.
Quick answers to the most common questions about buying JCTC stock.
For fiscal year 2025, Jewett-Cameron Trading Company Ltd. (JCTC) reported total revenue of $41.3M. This represents a 44.7% decline compared to $74.6M in 2005.
Jewett-Cameron Trading Company Ltd. (JCTC) reported a net loss of $4.1M for the fiscal year ending 2025.
Jewett-Cameron Trading Company Ltd. (JCTC) reported an operating income of $-3.8M, resulting in an operating profit margin of -9.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Jewett-Cameron Trading Company Ltd. (JCTC) generated $6.3M in gross profit for the year, representing a gross profit margin of 15.1%. This demonstrates the company's core pricing power and production efficiency.