D2L (DTOL.TO) Stock Price

D2L Price

TSX·CLOSED
10.17
+3.00 (+34.60 %)
Market closed

Revenue has compounded at 12.1% per year over the past 6 years to 205.28 M USD. D2L's net margin stands at 12.5%, up from -32.8% several years earlier. Analysts set a median price target of 14.58 USD, implying 43.4% above the current price. Of 14 analysts, 12 rate the stock a buy — an overall Buy consensus. The stock trades about 88% above its 52-week low.

D2L stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of D2L 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 D2L 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 D2L's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

D2L Stock Price History
DateD2L Price
9/18/202610.17 USD
9/17/20267.17 USD
9/16/20267.25 USD
9/15/20267.18 USD
9/14/20267.23 USD
9/13/202610.11 USD
9/11/20267.23 USD
9/10/20267.28 USD
9/9/20267.60 USD
9/8/20267.27 USD
9/4/20267.43 USD
9/3/20267.38 USD
9/2/20267.50 USD
9/1/20267.40 USD
8/31/20267.57 USD
8/30/202610.73 USD
8/28/20267.23 USD
8/27/20267.19 USD
8/26/20267.17 USD
8/25/20267.20 USD
8/24/20267.16 USD
8/23/20266.70 USD
8/21/20266.73 USD
8/20/20266.54 USD
8/19/20266.54 USD
8/18/20266.45 USD
8/17/20266.46 USD
8/16/20266.49 USD
8/14/20266.61 USD
8/13/20266.52 USD
Access this data via the Eulerpool API

D2L Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
168.40 M USD
-15.90 M USD
-18.40 M USD
Jan 1, 2024
182.38 M USD
-7.11 M USD
-3.54 M USD
Jan 1, 2025
205.28 M USD
8.18 M USD
25.72 M USD
Jan 1, 2026 (e)
217.09 M USD
16.26 M USD
13.60 M USD
Jan 1, 2026 (e)
221.69 M USD
13.36 M USD
0.00 USD
Jan 1, 2027 (e)
227.43 M USD
13.30 M USD
11.26 M USD
Jan 1, 2028 (e)
247.83 M USD
28.00 M USD
25.85 M USD
Jan 1, 2029 (e)
268.90 M USD
33.84 M USD
29.99 M USD

D2L Income Statement, Balance Sheet, Cash Flow Statement

Last updated Sep 21, 2026, 2:12 PM
 
REVENUEM USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM USD
EBITM USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
SHARESM
20192020202120222023202420252026e2027e2028e2029e
103.00109.00126.00151.00168.00182.00205.00221.00227.00247.00268.00
5.8315.6019.8411.268.3312.641.842.718.818.50
64.0863.3061.1157.6263.6967.0367.8067.8067.8067.8067.80
66.0069.0077.0087.00107.00122.00139.00149.85153.92167.48181.72
-1.00-5.001.00-74.00-15.00-7.008.0013.0013.0027.0033.00
-0.97-4.590.79-49.01-8.93-3.853.905.885.7310.9312.31
-5.00-41.00-97.00-18.00-3.0025.0013.0011.0025.0029.00
720.00136.59-81.44-83.33-933.33-48.00127.2716.00
52.9052.9052.9052.9053.0053.5555.8155.8155.8155.8155.81
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales D2L 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 D2L 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 D2L'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 D2L 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 D2L'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.

D2L stock margins

The D2L margin analysis displays the gross margin, EBIT margin, as well as the profit margin of D2L. 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 D2L.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
61.00 %
1.42 %
-32.83 %
Jan 1, 2022
57.87 %
-49.18 %
-64.32 %
Jan 1, 2023
64.01 %
-9.44 %
-10.93 %
Jan 1, 2024
67.00 %
-3.90 %
-1.94 %
Jan 1, 2025
68.18 %
3.98 %
12.53 %
Jan 1, 2026 (e)
68.18 %
7.49 %
6.27 %
Jan 1, 2026 (e)
68.18 %
6.02 %
0.00 %
Jan 1, 2027 (e)
68.18 %
5.85 %
4.95 %

D2L Stock Revenue, EBIT, Earnings per Share

The D2L earnings per share therefore indicates how much revenue D2L 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.
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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
2.39 USD
0.03 USD
-0.78 USD
Jan 1, 2022
2.87 USD
-1.41 USD
-1.85 USD
Jan 1, 2023
3.18 USD
-0.30 USD
-0.35 USD
Jan 1, 2024
3.41 USD
-0.13 USD
-0.07 USD
Jan 1, 2025
3.68 USD
0.15 USD
0.46 USD
Jan 1, 2026 (e)
3.98 USD
0.29 USD
0.25 USD
Jan 1, 2026 (e)
4.07 USD
0.24 USD
0.00 USD
Jan 1, 2027 (e)
4.17 USD
0.24 USD
0.21 USD

D2L business model & stock analysis

D2L 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.

D2L historical P/E ratio, EBIT multiple, and P/S ratio

D2L annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down D2L'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 D2L'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 D2L'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.

D2L shares outstanding

The number of shares of D2L was 55.81 M in 2025. This indicates how many shares D2L is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
52.90 M Stocks
Jan 1, 2022
52.90 M Stocks
Jan 1, 2023
53.00 M Stocks
Jan 1, 2024
53.55 M Stocks
Jan 1, 2025
55.81 M Stocks
Jan 1, 2026 (e)
55.81 M Stocks
Jan 1, 2026 (e)
55.81 M Stocks
Jan 1, 2027 (e)
55.81 M Stocks

Current D2L forecasts and price targets in September 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
85.71 % (12)
Hold
14.29 % (2)
Sell
0.00 % (0)
12M Price Target
14.58
Last Price
10.17
Currency
USD
12M Return Potential
43.40 %
LTM Return
-22.61 %

D2L Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
12/9/20260.16USD-80.63 MUSD-2026 Q3
9/9/20260.05USD-0.08USD80.76 MUSD-2026 Q2
4/1/20260.10USD-0.04USD76.21 MUSD-2026 Q1
12/10/20250.12USD0.11USD78.48 MUSD-2025 Q3
9/10/20250.06USD0.07USD74.61 MUSD-2025 Q2
6/10/20250.04USD0.08USD73.28 MUSD-2025 Q1
12/4/20240.08USD0.14USD71.16 MUSD-2024 Q3
9/4/2024-0.01USD-0.01USD67.73 MUSD-2024 Q2
6/3/20240.03USD0.03USD66.39 MUSD-2024 Q1
12/5/2023-0.03USD-0.01USD63.41 MUSD-2023 Q3

D2L shareholder structure

% Name
10.78306%
Newview Capital Management, LLC.
Newview Capital Management, LLC.
5.26672%
Burgundy Asset Management Ltd.
Burgundy Asset Management Ltd.
1.76338%
PenderFund Capital Management, Ltd.
PenderFund Capital Management, Ltd.
1.21037%
Baker (John Allan)
Baker (John Allan)
0.34475%
Van Berkom & Associates Inc.
Van Berkom & Associates Inc.
0.31670%
Auger (Jeremy)
Auger (Jeremy)

D2L Beneficial Ownership Filings (SEC 13D/G)

Free Float
63.9%
Float Shares
34.97 M
Shares Outstanding
54.69 M

D2L Executives and Management Board

13 members · avg. age 56 · 31 % women

JB

Mr. John Baker (48)

Chairman of the Board, President, Chief Executive Officer · since 1999

3.38 M USD

Management

JH

Mr. Josh Huff (35)

Chief Financial Officer

1.24 M USD
AF

Ms. Anna Forgione (60)

Chief Legal Officer · since 2013

1.04 M USD
AC

Ms. Amy Clark (44)

Chief People Officer

670,950.00 USD
AD

Mr. Andrew Datars

Chief Technology Officer

LP

Mr. Lee Poteck (38)

Chief Revenue Officer

CA

Mr. Craig Armitage

Investor Relations

Board of Directors

MD

Ms. Marta Debellis (55)

Independent Director

324,946.00 USD
JG

Mr. J. Ian Giffen (67)

Lead Independent Director

280,000.00 USD
TE

Ms. Tracy Edkins (54)

Independent Director

230,000.00 USD
RC

Mr. Robert Courteau (69)

Independent Director

210,000.00 USD
TJ

The Rt. Hon. David Johnston (83)

Independent Director

210,000.00 USD
TC

Mr. Tim Connor (66)

Independent Director

Frequently asked questions about D2L

Analysts currently set an average price target of 14.77 USD for the D2L stock (median: 14.58 USD), implying +107.8 % versus the latest price. The consensus is based on 14 analyst ratings.

14 analysts currently rate the D2L stock: 12 recommend buying, 2 holding and 0 selling. For 2026, analysts expect D2L to generate revenue of 217.09 M USD and earnings per share of 0.24 USD.

Converted at the current exchange rate, the D2L share trades at 8.86 EUR (10.17 USD).

The D2L share (DTOL.TO) is listed on 3 stock exchanges, including: Toronto (DTOL.TO), Frankfurt (NE5.F).

No history available for D2L.

The expected revenue of D2L is 217.09 M USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of D2L is 13.60 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of D2L is currently 41.73. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the D2L stock.

The price-to-sales ratio (P/S) of D2L is currently 2.61. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the D2L stock.

The Eulerpool Quality Score for D2L is 3/10.

The ISIN of D2L is CA23344V1085. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of D2L is A3D8XU. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of D2L is DTOL.TO. The ticker symbol is used to trade D2L shares on the stock exchange.

D2L paid dividends every year for the past 0 years.

D2L is assigned to the 'Cyclical consumption' sector.

The dividends of D2L are distributed in USD.

Fair ValuePRO
5.90 USD
Over-/UndervaluationPRO
Fairly valued
Industry
Diversified Consumer Services
Number of shares
Employees
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Website
Country
Currency
USD
Initial public offering
Oct 28, 2021
ISIN
CA23344V1085
Cusip
23344V108
Market capitalization
387.51 M USDSmall Cap
52-Week Range
5.4013.83USD
Revenue growth (10Y) > 5%
Revenue growth (3Y) > 5 %
EBIT growth (10Y) > 5%
EBIT growth (3Y) > 5 %
Net debt < 4x EBIT
Profitable since 10Y+
EBIT Drawdown (10Y) < 50%
Return on Equity (ROE) > 15%
ROCE > 15%
Return Expectation > 10%
PEG
0.71
P/E ratio
P/Ee 2026
28.49
P/Ee 2026
P/Ee 2027
34.42
P/Ee 2028
14.99
P/Ee 2029
12.92
P/S
P/Se
1.83
EV/EBIT
36.63
P/B Ratio
4.57
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
26.81 %
Gross Margin
68.18 %
EBIT Margin
3.98 %
Net Margin
12.53 %
EPS (Earnings Per Share)
0.46 USD
Net Debt / EBIT
-10.76
Debt/Equity
0.13
Last updated Sep 21, 2026, 2:12 PM

D2L Peer Group

D2L Ticker

FRANKFURT · NE5.FOTC · DTLIFTSX · DTOL.TO

D2L FIGI

DTOL:CN · BBG00CDGZ2L7DTOL:CT · BBG0136KJDK0DTOL:CJ · BBG0136KJDT1DTOL:TR · BBG0136KJDY5DTOL:TX · BBG0136KJF16DTOL:TA · BBG0136KJF25DTOL:TG · BBG0136KJF61DTOL:TK · BBG0136KJF70DTOL:TW · BBG0136KJF98DTOL:DT · BBG0136KJFH9DTOL:DG · BBG0136KJFJ7DTOL:QF · BBG0136KJFK5

All fundamentals and in-depth analysis of D2L

Our stock analysis for D2L 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 D2L. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.