Mullen Group (MTL.TO) Stock Price

Mullen Group Price

TSX·CLOSED
26.46CAD-0.09 (-0.34 %)
Market closed

Over the last 19 years Mullen Group grew revenue by 4.1% annually, reaching 2.13 B CAD. Earnings per share have declined at 4.2% per year over the last 19 years. For Mullen Group, the net margin of 4.3% is broadly stable versus 4.9% a few years ago. At today's price the dividend yield works out to roughly 3.17%. The payout ratio is around 121% of earnings. The consensus 12-month price target for Mullen Group is 19.13 CAD, about 27.7% below where the stock trades today. Of 13 analysts, 10 rate the stock a buy — an overall Buy consensus. The stock trades about 95% above its 52-week low.

Mullen Group stock price

Volume
Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of Mullen Group over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Mullen Group stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Mullen Group's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Mullen Group Stock Price History
DateMullen Group Price
8/10/202626.46 CAD
8/7/202626.55 CAD
8/6/202627.15 CAD
8/5/202626.98 CAD
8/4/202627.65 CAD
7/31/202627.53 CAD
7/30/202627.39 CAD
7/29/202627.52 CAD
7/27/202628.01 CAD
7/23/202626.80 CAD
7/22/202625.60 CAD
7/21/202625.71 CAD
7/20/202625.47 CAD
7/17/202625.63 CAD
7/16/202625.79 CAD
7/15/202624.92 CAD
7/14/202623.84 CAD
7/13/202623.45 CAD
7/10/202622.82 CAD
7/9/202622.76 CAD
7/8/202622.00 CAD
7/7/202621.98 CAD
7/6/202621.40 CAD
7/3/202621.41 CAD
7/2/202621.22 CAD
6/30/202621.74 CAD
6/29/202621.25 CAD
6/26/202621.37 CAD
6/25/202621.25 CAD
6/24/202621.04 CAD
6/23/202621.33 CAD
6/22/202621.65 CAD
6/19/202621.80 CAD
6/18/202621.57 CAD
6/17/202622.05 CAD
6/16/202622.65 CAD
6/15/202622.78 CAD
6/12/202622.88 CAD
6/11/202622.71 CAD
6/10/202622.70 CAD
6/9/202623.26 CAD
6/8/202623.36 CAD
6/5/202622.52 CAD
6/4/202622.50 CAD
6/3/202622.32 CAD
6/2/202622.31 CAD
6/1/202622.03 CAD
5/29/202622.08 CAD
5/28/202622.20 CAD
5/27/202622.01 CAD
5/26/202621.62 CAD
5/25/202621.34 CAD
5/22/202621.66 CAD
5/21/202621.57 CAD
5/20/202622.23 CAD
5/19/202621.94 CAD
5/15/202621.60 CAD
5/14/202621.42 CAD
5/13/202620.95 CAD
5/12/202620.99 CAD
5/11/202621.00 CAD
5/8/202621.20 CAD
5/7/202621.20 CAD
5/6/202621.50 CAD
5/5/202620.88 CAD
5/4/202620.55 CAD
5/1/202620.54 CAD
4/30/202620.56 CAD
4/29/202620.28 CAD
4/28/202620.39 CAD
4/27/202620.32 CAD
4/24/202619.95 CAD
4/23/202619.44 CAD
4/22/202618.20 CAD
4/21/202618.26 CAD
4/20/202618.20 CAD
4/17/202618.27 CAD
4/16/202617.77 CAD
4/15/202617.64 CAD
4/14/202618.03 CAD
4/13/202618.33 CAD
4/10/202618.34 CAD
4/9/202618.10 CAD
4/8/202617.94 CAD
4/7/202617.49 CAD
4/6/202617.37 CAD
4/2/202617.33 CAD
4/1/202617.33 CAD
3/31/202617.25 CAD
3/30/202617.08 CAD
3/29/202616.71 CAD
3/26/202616.75 CAD
3/25/202616.67 CAD
3/24/202617.18 CAD
3/23/202616.78 CAD
3/22/202616.74 CAD
3/19/202616.15 CAD
3/18/202616.07 CAD
3/17/202616.41 CAD
3/16/202616.39 CAD
3/15/202616.24 CAD
3/12/202616.08 CAD
3/11/202616.20 CAD
3/10/202616.86 CAD
3/9/202616.95 CAD
3/8/202617.09 CAD
3/6/202616.67 CAD
3/5/202617.05 CAD
2/26/202617.41 CAD
2/25/202617.09 CAD
2/24/202617.17 CAD
2/23/202617.00 CAD
2/20/202617.38 CAD
2/19/202617.28 CAD
2/18/202616.84 CAD
2/17/202617.01 CAD
2/13/202616.75 CAD
2/12/202616.11 CAD
2/11/202617.69 CAD
2/10/202617.48 CAD
2/9/202617.46 CAD
2/6/202617.46 CAD
2/5/202617.06 CAD
2/4/202617.25 CAD
2/3/202616.64 CAD
2/2/202616.64 CAD
1/30/202616.08 CAD
1/29/202616.38 CAD
1/28/202616.29 CAD
1/27/202616.42 CAD
1/26/202616.59 CAD
1/23/202616.77 CAD
1/22/202616.69 CAD
1/21/202616.64 CAD
1/20/202616.50 CAD
1/19/202616.93 CAD
1/16/202616.67 CAD
1/15/202616.74 CAD
1/14/202616.54 CAD
1/13/202616.45 CAD
1/12/202616.40 CAD
1/9/202616.25 CAD
1/8/202616.19 CAD
1/7/202616.08 CAD
1/6/202616.30 CAD
1/5/202616.24 CAD
1/2/202615.99 CAD
12/31/202515.74 CAD
12/30/202515.89 CAD
12/29/202515.96 CAD
12/24/202516.22 CAD
12/23/202516.14 CAD
12/22/202516.15 CAD
12/19/202516.02 CAD
12/18/202516.09 CAD
12/17/202515.91 CAD
12/16/202515.68 CAD
12/15/202515.54 CAD
12/12/202515.75 CAD
12/11/202515.70 CAD
12/10/202515.64 CAD
12/9/202515.37 CAD
12/8/202515.28 CAD
12/5/202515.29 CAD
12/4/202515.34 CAD
12/3/202515.23 CAD
12/2/202515.07 CAD
12/1/202514.58 CAD
11/28/202514.61 CAD
11/27/202514.63 CAD
11/26/202514.50 CAD
11/25/202514.40 CAD
11/24/202514.35 CAD
11/21/202514.23 CAD
11/20/202514.04 CAD
11/19/202514.42 CAD
11/18/202514.28 CAD
11/17/202514.00 CAD
11/14/202514.21 CAD
11/13/202514.08 CAD
11/12/202514.21 CAD
11/11/202514.14 CAD
11/10/202514.15 CAD
11/7/202514.16 CAD
11/6/202513.98 CAD
11/5/202514.11 CAD
11/4/202513.99 CAD
11/3/202514.12 CAD
10/31/202514.11 CAD
10/30/202514.10 CAD
10/29/202514.15 CAD
10/28/202514.29 CAD
10/27/202514.40 CAD
10/24/202514.42 CAD
10/23/202514.31 CAD
10/22/202514.22 CAD
10/21/202514.43 CAD
10/20/202514.33 CAD
10/17/202514.27 CAD
10/16/202514.30 CAD
10/15/202514.21 CAD
10/14/202513.99 CAD
10/10/202513.79 CAD
10/9/202514.19 CAD
10/8/202514.34 CAD
10/7/202514.00 CAD
10/6/202514.08 CAD
10/3/202514.11 CAD
10/2/202514.15 CAD
10/1/202514.11 CAD
9/30/202513.95 CAD
9/28/202513.87 CAD
9/25/202513.97 CAD
9/24/202513.97 CAD
9/23/202513.90 CAD
9/22/202513.91 CAD
9/19/202513.91 CAD
9/18/202513.97 CAD
9/17/202513.90 CAD
9/16/202514.00 CAD
9/15/202513.91 CAD
9/12/202513.84 CAD
9/11/202513.86 CAD
9/10/202513.74 CAD
9/9/202513.75 CAD
9/8/202513.75 CAD
9/5/202513.86 CAD
9/4/202513.85 CAD
9/3/202513.64 CAD
9/2/202513.77 CAD
8/29/202513.77 CAD
8/28/202513.81 CAD
8/27/202513.87 CAD
8/26/202513.75 CAD
8/25/202513.85 CAD
8/22/202513.90 CAD
8/21/202513.69 CAD
8/20/202513.58 CAD
8/19/202513.72 CAD
8/18/202513.68 CAD
8/15/202513.59 CAD
8/14/202513.58 CAD
8/13/202513.77 CAD
8/12/202513.73 CAD
Access this data via the Eulerpool API
Get Free API Key

Mullen Group Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
1.99 B CAD
212.27 M CAD
136.72 M CAD
Jan 1, 2024
1.99 B CAD
201.27 M CAD
112.26 M CAD
Jan 1, 2025
2.13 B CAD
178.25 M CAD
91.11 M CAD
Jan 1, 2026 (e)
2.36 B CAD
234.88 M CAD
127.13 M CAD
Jan 1, 2027 (e)
2.46 B CAD
245.01 M CAD
146.81 M CAD
Jan 1, 2028 (e)
2.54 B CAD
253.20 M CAD
161.80 M CAD
Jan 1, 2029 (e)
2.60 B CAD
259.37 M CAD
176.25 M CAD
Jan 1, 2030 (e)
2.64 B CAD
263.06 M CAD
182.99 M CAD

Mullen Group Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 12, 2026, 4:56 PM
 
REVENUEB CAD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM CAD
EBITM CAD
EBIT MARGIN%
NET INCOMEM CAD
NET INCOME GROWTH%
DIV.CAD
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
1.211.041.141.261.281.161.482.001.991.992.132.362.462.542.602.64
-14.93-14.749.9510.721.43-8.9226.8935.34-0.25-0.257.2410.454.293.382.401.46
22.7322.9021.0921.4320.1122.8520.8522.9623.7223.7323.1123.1123.1123.1123.1123.11
276.00237.00240.00270.00257.00266.00308.00459.00473.00472.00493.00544.54567.89587.07601.17609.95
135.0095.0085.00101.0094.00114.00125.00214.00212.00201.00178.00234.00245.00253.00259.00263.00
11.129.187.478.027.369.798.4610.7110.6310.118.359.939.979.969.969.97
13.0052.0065.00-43.0072.0063.0072.00158.00136.00112.0091.00127.00146.00161.00176.00182.00
-86.17300.0025.00-166.15-267.44-12.5014.29119.44-13.92-17.65-18.7539.5614.9610.279.323.41
1.200.560.360.600.600.440.480.680.720.820.840.840.900.96––
–-53.33-35.7166.67–-26.679.0941.675.8813.892.44–7.146.67––
92.82103.66103.65104.83104.6796.8594.24102.0997.5197.23131.38131.38131.38131.38131.38131.38
Details

Income Statement Key Figures

ⓘ

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Mullen Group generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Mullen Group retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Mullen Group's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Mullen Group has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Mullen Group's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Mullen Group stock margins

The Mullen Group margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Mullen Group. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Mullen Group.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
20.85 %
8.47 %
4.90 %
Jan 1, 2022
22.96 %
10.72 %
7.93 %
Jan 1, 2023
23.76 %
10.64 %
6.85 %
Jan 1, 2024
23.76 %
10.12 %
5.64 %
Jan 1, 2025
23.13 %
8.35 %
4.27 %
Jan 1, 2026 (e)
23.13 %
9.97 %
5.40 %
Jan 1, 2027 (e)
23.13 %
9.97 %
5.97 %
Jan 1, 2028 (e)
23.13 %
9.97 %
6.37 %

Mullen Group Stock Revenue, EBIT, Earnings per Share

The Mullen Group earnings per share therefore indicates how much revenue Mullen Group has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
15.68 CAD
1.33 CAD
0.77 CAD
Jan 1, 2022
19.59 CAD
2.10 CAD
1.55 CAD
Jan 1, 2023
20.46 CAD
2.18 CAD
1.40 CAD
Jan 1, 2024
20.46 CAD
2.07 CAD
1.15 CAD
Jan 1, 2025
16.24 CAD
1.36 CAD
0.69 CAD
Jan 1, 2026 (e)
24.47 CAD
1.79 CAD
1.32 CAD
Jan 1, 2027 (e)
25.52 CAD
1.86 CAD
1.52 CAD
Jan 1, 2028 (e)
26.37 CAD
1.93 CAD
1.68 CAD

Mullen Group business model & stock analysis

The Mullen Group Ltd is a company based in Okotoks, Alberta, Canada. It was founded in 1949 and initially started as a transportation company, which later passed into the ownership of the Mullen family in the 1980s. Since then, the company has continuously developed and is now a leading provider of transportation and logistics services in Canada. The business model of the Mullen Group focuses on offering a wide range of transportation and logistics services to its customers. The company specializes in various areas and always aims to provide high quality and reliability to its customers. The company is divided into different divisions, including Mullen Transportation, which offers a wide range of transportation services. This includes national trucking, food transportation, oil and gas transportation, as well as intermodal transportation. Mullen International provides transportation services to the United States and Mexico. Additionally, the Mullen Group is involved in the oil and gas industry and operates its own fleet of tankers, salvage services, and other related services. The company also offers logistics services, including storage, picking, labeling, and delivery, in order to provide flexible solutions to its customers. Another important division of the Mullen Group is Mullen Capital, which manages the company's portfolio and invests in various projects to support future growth. In the past, the Mullen Group has constantly expanded its wide range of products and services to solidify its market position and serve its customers. This includes customized logistics systems, specialized transportation services, and equipping vehicles with the latest technology. Customer satisfaction, operational efficiency, and sustainability are important goals pursued by the Mullen Group. Therefore, the company and its employees are always striving to ensure high quality and reliability, maintain customer relationships through top-notch service, and promote sustainability through environmentally friendly and efficient practices. Overall, the Mullen Group Ltd has become an important player in the Canadian transportation and logistics industry, excelling through its wide range of services and products, as well as its dedicated commitment to customer service and sustainability.

Mullen Group SWOT Analysis

Strengths

Mullen Group Ltd has a strong reputation in the transportation and logistics industry, recognized for its reliable and efficient services.

The company has a diverse and comprehensive range of services, including trucking, logistics, warehousing, and specialized transportation, allowing them to cater to a wide range of customer needs.

Mullen Group has established long-term relationships with key clients and has a large customer base, providing a stable source of revenue.

They have a well-maintained fleet of trucks, trailers, and equipment, ensuring high operational efficiency and customer satisfaction.

Weaknesses

Dependence on the overall economic conditions and fluctuations in fuel prices may impact Mullen Group's profitability.

The company's extensive operations across Canada may expose them to regulatory challenges and compliance issues in different provinces and territories.

Mullen Group has limited geographic diversification, with a heavy focus on the Western Canadian market, which could limit growth opportunities in other regions.

The company heavily relies on its workforce, and any labor shortages or difficulties in recruitment may affect their operations.

Opportunities

Expansion into related services and sectors, such as e-commerce logistics and supply chain management, can help Mullen Group diversify its revenue streams.

Strategic partnerships and acquisitions can enable the company to expand their presence in new markets and gain a competitive edge.

Investment in technological advancements, such as implementing fleet management systems and data analytics, can enhance operational efficiency and cost-effectiveness.

Growing demand for environmentally friendly and sustainable transportation solutions presents an opportunity for Mullen Group to develop and offer eco-friendly logistics services.

Threats

Competition from both established and new entrants in the transportation and logistics industry poses a threat to Mullen Group's market share and profitability.

Economic downturns and recessions can lead to a decline in demand for transportation and logistics services, affecting the company's financial performance.

Changes in government regulations and policies, such as stricter emission standards or trade barriers, can impact Mullen Group's operations and profitability.

Technological disruptions and advancements, such as autonomous vehicles or alternative modes of transport, may require Mullen Group to adapt its business model and invest in new technologies.

Mullen Group Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Mullen Group historical P/E ratio, EBIT multiple, and P/S ratio

Mullen Group annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Mullen Group shares outstanding

The number of shares of Mullen Group was 131.38 M in 2025. This indicates how many shares Mullen Group is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
94.24 M Stocks
Jan 1, 2022
102.09 M Stocks
Jan 1, 2023
97.51 M Stocks
Jan 1, 2024
97.23 M Stocks
Jan 1, 2025
131.38 M Stocks
Jan 1, 2026 (e)
131.38 M Stocks
Jan 1, 2027 (e)
131.38 M Stocks
Jan 1, 2028 (e)
131.38 M Stocks

Mullen Group stock splits

In Mullen Group's history, there have been no stock splits.

Mullen Group Dividend History

27 years of dividend payments

YearAnnual DividendYoY ChangePayments
20260.42CAD↓ 50.0%6×
Jan 30, 20260.07CAD 0.0%1/6
Feb 27, 20260.07CAD 0.0%2/6
Mar 31, 20260.07CAD 0.0%3/6
Apr 30, 20260.07CAD 0.0%4/6
May 29, 20260.07CAD 0.0%5/6
Jun 30, 20260.07CAD 0.0%6/6
20250.84CAD↑ 2.4%12×
Jan 31, 20250.07CAD 0.0%1/12
Feb 28, 20250.07CAD 0.0%2/12
Mar 31, 20250.07CAD 0.0%3/12
Apr 30, 20250.07CAD 0.0%4/12
May 30, 20250.07CAD 0.0%5/12
Jun 30, 20250.07CAD 0.0%6/12
Jul 31, 20250.07CAD 0.0%7/12
Aug 29, 20250.07CAD 0.0%8/12
Sep 29, 20250.07CAD 0.0%9/12
Oct 31, 20250.07CAD 0.0%10/12
Nov 28, 20250.07CAD 0.0%11/12
Dec 31, 20250.07CAD 0.0%12/12
20240.82CAD↑ 13.9%13×
20230.72CAD↑ 5.9%12×
20220.68CAD↑ 41.7%12×
20210.48CAD↑ 45.5%12×
20200.33CAD↓ 45.0%9×
20190.60CAD 0.0%12×
20180.60CAD↑ 66.7%12×
20170.36CAD↓ 35.7%12×

Mullen Group dividend history and estimates

In 2025, Mullen Group paid a dividend amounting to 0.84 CAD. Dividend means that Mullen Group distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
0.48 CAD
0.00 CAD
Jan 1, 2022
0.68 CAD
0.00 CAD
Jan 1, 2023
0.72 CAD
0.00 CAD
Jan 1, 2024
0.82 CAD
0.00 CAD
Jan 1, 2025
0.84 CAD
0.00 CAD
Jan 1, 2026 (e)
0.42 CAD
0.42 CAD
Jan 1, 2027 (e)
0.00 CAD
0.90 CAD
Jan 1, 2028 (e)
0.00 CAD
0.96 CAD

Mullen Group dividend payout ratio

In 2025, Mullen Group had a payout ratio of 121.12%. The payout ratio indicates the percentage of the company's profits that Mullen Group distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
62.45 %
Jan 1, 2022
43.76 %
Jan 1, 2023
51.35 %
Jan 1, 2024
45.04 %
Jan 1, 2025
121.12 %
Jan 1, 2026 (e)
63.64 %
Jan 1, 2027 (e)
58.94 %
Jan 1, 2028 (e)
57.20 %

Current Mullen Group forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
2.74 %
Buy
76.92 % (10)
Hold
23.08 % (3)
Sell
0.00 % (0)
12M Price Target
19.13
Last Price
26.46
Currency
CAD
12M Return Potential
-27.72 %
LTM Return
0 %

Mullen Group Analyst Rating Actions

DateFirmActionRating
6/15/2023
CIBC
CIBC
MaintainedNeutral
12/14/2022
CIBC
CIBC
MaintainedNeutral

Mullen Group Earnings Calls

2025

Mullen Group Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
4/25/20240.32CAD-521.56 MCAD-2024 Q1
2/7/20240.31CAD-501.04 MCAD-2023 Q4
7/19/20230.35CAD-491.73 MCAD-2023 Q2
4/18/20230.24CAD-489.23 MCAD-2023 Q1
2/7/20230.38CAD-509.22 MCAD-2022 Q4
10/20/20220.40CAD-540.80 MCAD-2022 Q3
7/21/20220.24CAD-461.67 MCAD-2022 Q2
4/20/20220.17CAD-424.22 MCAD-2022 Q1
2/9/20220.18CAD-434.29 MCAD-2021 Q4
10/27/20210.23CAD-416.56 MCAD-2021 Q3
...

EESG©

Eulerpool ESG Scorecard© for the Mullen Group stock

52/100
9
Environment
68
Social
81
Governance
E

Environment

20
Scope 1 - Direct Emissions326,239
Scope 2 - Indirect emissions from purchased energy10,563
Scope 3 - Indirect emissions within the value chain—
Total CO₂ emissions336,802
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees—
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Mullen Group shareholder structure

% Name
7.48059%
QV Investors Inc.
QV Investors Inc.
3.84198%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
3.67292%
Leith Wheeler Investment Counsel Ltd.
Leith Wheeler Investment Counsel Ltd.
2.01981%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
1.76900%
BMO Asset Management Inc.
BMO Asset Management Inc.
1.41341%
DFA Australia Ltd.
DFA Australia Ltd.

Mullen Group Beneficial Ownership Filings (SEC 13D/G)

Free Float
93.1%
Float Shares
-
Shares Outstanding
-

Mullen Group Executives and Management Board

12 members · avg. age 63 · 33 % women

JS

Ms. Joanna Scott

Senior Corporate Officer · since 2022

972,750.00 CAD

Management

MM

Mr. Murray Mullen (69)

Chairman of the Board, President, Senior Executive Officer · since 1991

900,000.00 CAD
RM

Mr. Richard Maloney

Senior Operating Officer

759,500.00 CAD
CU

Mr. Carson Urlacher

Senior Financial Officer · since 2024

721,500.00 CAD
LH

Mr. Lee Hellyer

Vice President - Operations

324,875.00 CAD

Board of Directors

RW

Mr. Richard Whitley (63)

Independent Director

95,000.00 CAD
ST

Ms. Sonia Tibbatts (70)

Lead Independent Director

90,000.00 CAD
BD

Mr. Benoit Durand (64)

Independent Director

80,000.00 CAD
SL

Mr. Stephen Lockwood (69)

Independent Director · since 2004

80,000.00 CAD
CM

Ms. Christine Mcginley (66)

Independent Director

80,000.00 CAD
JM

Mr. Jamil Murji (48)

Independent Director

80,000.00 CAD

Frequently asked questions about Mullen Group

The business model of Mullen Group Ltd is centered around providing a wide range of transportation and logistics services to various industries. Mullen Group operates through multiple segments, including Trucking/Logistics, Oilfield Services, and Corporate Services. As a leading transportation and logistics provider in Canada, the company offers services such as freight transportation, warehousing, distribution, and specialized hauling. Mullen Group aims to deliver innovative solutions, leveraging their extensive network and diversified service lines. With a focus on customer satisfaction and operational excellence, Mullen Group Ltd continually strives to meet the evolving needs of its clients in the transportation and logistics sector.

Mullen Group Ltd is primarily active in the transportation and oilfield services industries.

The main competitors of Mullen Group Ltd in the market are ClearStream Energy Services Inc., Tervita Corporation, and Trican Well Service Ltd. These companies operate in the same industry as Mullen Group Ltd and provide similar services, such as oilfield services, transportation and logistics, and waste management solutions. Their presence in the market poses competition to Mullen Group Ltd, as they strive to attract clients and gain market share.

Mullen Group Ltd is a Canadian company with a rich history and extensive background in the transportation and oilfield services industry. Founded in 1949, Mullen Group has grown into one of the leading providers of specialized transportation and related services in North America. With a strong focus on safety, reliability, and customer satisfaction, Mullen Group operates a diversified fleet of trucks and offers a wide range of logistics and warehousing solutions to meet the needs of various industries. Over the years, the company has expanded its operations through strategic acquisitions and organic growth, solidifying its position as a trusted and innovative leader in the transportation sector.

Mullen Group Ltd, a leading Canadian logistics company, has achieved several significant milestones throughout its history. One notable milestone was the company's initial public offering (IPO) in 1998, which marked its transition into a publicly traded entity. Additionally, Mullen Group Ltd has achieved remarkable growth both organically and through strategic acquisitions, expanding its service offerings and geographical presence. Notably, the company's acquisition of Manitoulin Group of Companies in 2019 further enhanced its transportation and logistics footprint. Mullen Group Ltd has consistently focused on diversifying its business segments, strengthening its client base, and delivering innovative solutions, solidifying its position as a key player in the industry.

Mullen Group Ltd is primarily present in Canada.

Mullen Group Ltd represents a set of core values and corporate philosophy that drive its operations. The company values include integrity, accountability, innovation, and teamwork. Mullen Group is committed to delivering excellent customer service and creating value for its shareholders. With a strong focus on safety, quality, and efficiency, Mullen Group aims to exceed customer expectations in the transportation and oilfield services industry. The company's dedication to continuous improvement and adaptability enable it to stay ahead of market trends and provide reliable and cost-effective solutions. Mullen Group Ltd is a trusted industry leader renowned for its commitment to excellence and client satisfaction.

Analysts currently set an average price target of 18.90 CAD for the Mullen Group stock (median: 19.13 CAD), implying -28.6 % versus the latest price. The consensus is based on 13 analyst ratings.

Mullen Group Analyst Price Targets 2026

13 analysts currently rate the Mullen Group stock: 9 recommend buying, 4 holding and 0 selling. For 2026, analysts expect Mullen Group to generate revenue of 2.36 B CAD and earnings per share of 0.97 CAD.

Mullen Group Analyst Price Targets 2026

Converted at the current exchange rate, the Mullen Group share trades at 16.46 EUR (26.46 CAD).

The Mullen Group share (MTL.TO) is listed on 5 stock exchanges, including: Frankfurt (9MU.F), München (9MU.MU), Düsseldorf (9MU.DU), Toronto (MTL.TO).

Mullen Group Ltd is a leading Canadian company that offers innovative logistics and transportation solutions for various industries. The company was founded in 1949 and is headquartered in Okotoks, Alberta, Canada. With over 9,000 employees and an extensive network of around 135 branches in Canada and the US, Mullen Group Ltd is well positioned to meet a wide range of customer requirements. The business model of Mullen Group Ltd is based on various business segments, including LTL (Less-than-Truckload), Full-Load, Infrastructure, Oil and Gas, Turnkey Projects, and Specialized Freight. Each of these business segments is operated by specialized business units to ensure that customers receive unique solutions that meet their specific requirements. Mullen Group's LTL segment is one of the largest in the company and offers both regional and long-distance transportation services. The company has a modern network of facilities and fleets to ensure efficient transportation of freight within Canada and to the US. Mullen Group's Full-Load segment serves customers who require a full truckload of freight. The company utilizes its extensive resources to enable customers to transport larger quantities of goods. Mullen Group's Infrastructure segment encompasses the construction and maintenance management of roads, bridges, and other public infrastructures. The company also offers services in winter maintenance, sidewalk cleaning, and road repairs. Mullen Group's Oil and Gas segment provides comprehensive logistics services for the oil and gas industry. The company specializes in providing transportation services for exploration, production, and processing of oil and gas. It also offers specialized equipment and storage services. Mullen Group's Turnkey segment offers complex logistics services that involve coordinating multiple modes of transportation to enable customers to deliver complete projects. The company works closely with its customers to develop solutions that meet their specific requirements. The company also provides specialized freight services to transport bulkier and heavier goods that cannot typically be transported in standard trucks. This includes equipment, vehicles, construction machinery, and other specialized solutions. Mullen Group Ltd is committed to conducting its business activities in an environmentally friendly manner. The company has implemented an integrated environmental management program to ensure that it fulfills its commitment to sustainability in every phase of its business activities. Overall, Mullen Group's business model is based on a diverse range of logistics services aimed at meeting customer requirements in various industries. The company is a key player in the Canadian transportation and logistics market and has the resources, expertise, and experience to provide tailored solutions to its customers.

The expected revenue of Mullen Group is 2.36 B CAD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Mullen Group is 127.13 M CAD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Mullen Group is currently 27.34. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Mullen Group stock.

The price-to-sales ratio (P/S) of Mullen Group is currently 1.48. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Mullen Group stock.

The Eulerpool Quality Score for Mullen Group is 3/10.

The ISIN of Mullen Group is CA6252841045. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Mullen Group is A0X8HE. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Mullen Group is MTL.TO. The ticker symbol is used to trade Mullen Group shares on the stock exchange.

Over the past 12 months, Mullen Group paid a dividend of 0.84 CAD . This corresponds to a dividend yield of about 3.17 %. For the coming 12 months, Mullen Group is expected to pay a dividend of 0.90 CAD.

The current dividend yield of Mullen Group is 3.17 %.

Mullen Group pays a dividend, distributed in the months of , , , .

Mullen Group paid dividends every year for the past 26 years.

For the upcoming 12 months, dividends amounting to 0.90 CAD are expected. This corresponds to a dividend yield of 3.40 %.

Mullen Group is assigned to the 'Industry' sector.

In the year 2025, Mullen Group distributed 0.82 CAD as dividends.

The dividends of Mullen Group are distributed in CAD.

All fundamentals and in-depth analysis of Mullen Group

Our stock analysis for Mullen Group stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Mullen Group. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

Mullen Group Stock
Mullen Group Revenue→
Mullen Group Stock
Mullen Group Net Income→
Mullen Group Stock
Mullen Group P/E→
Mullen Group Stock
Mullen Group P/S→
Mullen Group Stock
Mullen Group EBIT→
Mullen Group Stock
Mullen Group Dividend→
Mullen Group Stock
Mullen Group Directors Dealings→
Mullen Group Stock
Mullen Group Stocks→
Mullen Group Stock
Mullen Group Market capitalization→
Mullen Group Stock
Mullen Group Debt→
Mullen Group Stock
Mullen Group Liabilities→
Mullen Group Stock
Mullen Group Equity→
Mullen Group Stock
Mullen Group AAQS→
Mullen Group Stock
Mullen Group Employees→
Mullen Group Stock
Mullen Group ROE→
Mullen Group Stock
Mullen Group ROA→
Mullen Group Stock
Mullen Group ROCE→
Mullen Group Stock
Mullen Group News→
Mullen Group Stock
Mullen Group Analyst Price Targets→

Industry Stocks

Multi Business Group Company for Projects SJSCMulia Industrindo Tbk PTMulti Ways HoldingsMueller Water ProductsMulticonsult AMueller IndustriesMultifiling Mitra Indonesia Tbk PTMueller Die lila LogistikMultistack InternationalMuehlbauer HoldingMun Siong EngineeringMTU Aero EnginesAll Stocks A–Z →