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Bombardier

BDRAF
49
Aerospace & Defense · Industrials
Price
$248.00
+3.39 (+1.39%)
Market Cap
$24.47B
Exchange
Other OTC
Winston Score
49
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Good
Cash Flow
Exceptional
Stability
Weak
Valuation
Good

Share count rising — dilution

+1.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 99.0M (2021) → 100.5M (2025)

Winston Score History

The full picture

Bombardier is a Canadian company that designs and builds private jets for wealthy individuals, corporations, and governments. Its main product lines are the Learjet, Challenger, and Global families of business aircraft, with the high-end Global 7500 being its flagship jet. Bombardier is one of the largest dedicated business jet manufacturers in the world, competing primarily against Gulfstream and Dassault.

The company makes money by selling aircraft and providing aftermarket services like maintenance, repairs, and spare parts — the services side provides steadier, recurring revenue. Bombardier operates globally, with manufacturing in Canada, the United States, and Mexico, and a growing network of service centers worldwide. The aftermarket business is a key competitive advantage because customers tend to stay within the same manufacturer's service network. The main risk is that demand for business jets is sensitive to economic downturns, as corporate and high-net-worth buyers can delay or cancel orders when conditions weaken.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+6.0% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-11.5% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$271M/ year

Declining (-25% vs prior year)

2.8% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

81.0%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$2.1B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Bombardier is growing revenue at 6% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Profit per sale
Gross Margin
19.4%
Thin — 19.4% gross margin
Profit after running costs
Operating Margin
11.0%
Modest — 11.0% operating margin
Return on the money invested
ROCE
7.0%
Weak — 7.0% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+11.4%
Steady sales growth (+11.4% YoY)
Profit growth
EPS YoY
+110.4%
Earnings growing fast (+110.4% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
254%
Turns 254% of profit into real cash
Spare cash per sale
FCF Margin
22.1%
Converts sales into free cash efficiently (22.1%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
2.72x
Tight — interest eats into profit (2.7x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
26.0x
Growth-priced — P/E 26.0

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+5.3
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (26.0 → 20.7)

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Dividends

Not applicable for this business.
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