Badger Infrastructure Solutions Ltd. (BDGI.TO)
Calgary, AB, CA
Badger Infrastructure Solutions Ltd., a company established in Calgary, Canada, in 1992, delivers non-destructive excavating and related support services throughout Canada and the United States. Formerly known as Badger Daylighting Ltd. until its name change in May 2021, the company's core offering revolves around its proprietary Badger Hydrovac technology. This advanced system precisely liquifies ground cover using a pressurized water stream, which is then efficiently removed via a vacuum system and stored in an integrated tank. The company provides an extensive portfolio of specialized solutions. These include daylighting for the visual verification of subterranean lines, creating test holes for directional drilling, subsurface utility engineering, and sacrificial anode installations, as well as facilitating pipeline and utility crossings. Badger also conducts slot trenching and excavates service repair pits vital for gas service tie-ins, electric cable fault repairs, water main and service repairs, and telecom splices. Furthermore, its services cover excavations for poles and pilings, including those for utilities, traffic signals, transmission lines, light standards, and signposts, along with pole removals. It also handles various piling needs like end-bearing, pilot holes for friction, and spread footing piles, in addition to well monitor installations. Badger offers comprehensive debris removal for frac tanks, road and box culverts, pipe-rammed casings, ballast and filter media, and material extraction from within structures. Specialized pipeline excavation supports crossings, tie-ins, hydro probing, utility conflict resolution, and oil/fuel spill remediation. Complementary services encompass anode installation, emergency response, and precise potholing. Beyond fieldwork, the company also designs, engineers, and supplies excavation shoring systems. As of December 31, 2021, Badger operated a fleet of 1,371 Badger hydrovacs. It serves a wide array of sectors, including aggregate, construction, engineering, industrial, mining, oil and gas, power generation, transportation, utility, and railway industries.
Based on only 1 article — low confidence
- Badger Confirms Release Date for Q2 2026 Results Newsfile Corp
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.50% | -2.21% | +29.34% | +24.62% | +7.85% | +12.13% | +87.64% | +195.28% | +102.02% | +274.77% | +3,053.85% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 3 | +2 |
| Buy | 4 | +1 |
| Hold | 5 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Engineering & Construction: +6.7%+13.7% ★ Q1'26: +16.5% (vs Q1'25)
-
EPS growth Engineering & Construction: +20.8%+28.1% ★ Q1'26: -70.0% (vs Q1'25)
-
FCF margin FCF growth · Engineering & Construction: +51.6%+1.9% Q1'26: -10.8% (vs Q1'25)
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EBIT margin Engineering & Construction: +7.0%+8.1% ★ Q1'26: +2.1% (vs Q1'25)
-
ROIC Engineering & Construction: +6.4%+9.3% ★ Q1'26: +2.9% (vs Q1'25)
-
Share dilution Engineering & Construction: +0.0%-1.9% ★ Q1'26: -1.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Engineering & Construction: -0.38×1.62× Q1'26: 2.55× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 9 Rev. Ana. 5 EPS Ana. |
Dec 2027 9 Rev. Ana. 5 EPS Ana. |
Dec 2028 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
292.05M
est: 301.26M (-3.1%)
|
298.98M
est: 295.86M (+1.1%)
|
390.61M
est: 386.97M (+0.9%)
|
487.10M
est: 477.71M (+2.0%)
|
491.40M
est: 490.98M (+0.1%)
|
437.60M
est: 446.25M (-1.9%)
|
450.13M
est: 442.81M (+1.7%)
|
575.99M
est: 577.62M (-0.3%)
|
682.16M
est: 524.50M (+30.1%)
|
744.24M
est: 742.03M (+0.3%)
|
846.26M
est: 824.63M (+2.6%)
|
937.30M
919.10M – 952.61M
+13.7% YoY
|
1.03B
993.60M – 1.07B
+10.3% YoY
|
1.09B
1.06B – 1.12B
+5.7% YoY
|
| EBITDA |
76.55M
est: 47.15M (+62.3%)
|
72.39M
est: 46.31M (+56.3%)
|
97.26M
est: 60.57M (+60.6%)
|
119.82M
est: 74.77M (+60.3%)
|
105.95M
est: 76.84M (+37.9%)
|
78.03M
est: 69.84M (+11.7%)
|
44.14M
est: 69.30M (-36.3%)
|
83.77M
est: 90.40M (-7.3%)
|
115.09M
est: 151.59M (-24.1%)
|
142.91M
est: 214.45M (-33.4%)
|
159.01M
est: 238.33M (-33.3%)
|
270.89M
265.63M – 275.32M
+13.7% YoY
|
298.73M
287.16M – 309.25M
+10.3% YoY
|
315.88M
306.56M – 324.18M
+5.7% YoY
|
| EBIT |
45.05M
est: 19.64M (+129.3%)
|
40.26M
est: 19.29M (+108.7%)
|
61.52M
est: 25.23M (+143.8%)
|
81.04M
est: 31.15M (+160.2%)
|
63.00M
est: 32.01M (+96.8%)
|
29.10M
est: 29.10M (+0.0%)
|
-3.66M
est: 28.87M (-112.7%)
|
35.18M
est: 37.66M (-6.6%)
|
62.12M
est: 98.23M (-36.8%)
|
85.98M
est: 138.97M (-38.1%)
|
68.73M
est: 154.44M (-55.5%)
|
175.54M
172.13M – 178.40M
+13.7% YoY
|
193.57M
186.08M – 200.39M
+10.3% YoY
|
204.69M
198.65M – 210.07M
+5.7% YoY
|
| Net Income |
27.78M
est: 29.27M (-5.1%)
|
21.39M
est: 23.97M (-10.8%)
|
51.78M
est: 36.94M (+40.2%)
|
53.67M
est: 54.15M (-0.9%)
|
44.86M
est: 44.68M (+0.4%)
|
19.39M
est: 28.08M (-30.9%)
|
-8.66M
est: -206.6K (-4,093.5%)
|
18.46M
est: 22.15M (-16.7%)
|
41.67M
est: 30.49M (+36.7%)
|
47.83M
est: 49.93M (-4.2%)
|
60.26M
est: 70.39M (-14.4%)
|
79.01M
72.91M – 85.12M
+12.3% YoY
|
92.02M
78.46M – 105.58M
+16.5% YoY
|
91.31M
87.99M – 94.63M
-0.8% YoY
|
| SGA |
11.16M
est: 24.68M (-54.8%)
|
16.31M
est: 24.24M (-32.7%)
|
18.00M
est: 31.70M (-43.2%)
|
31.57M
est: 39.14M (-19.3%)
|
40.27M
est: 40.23M (+0.1%)
|
37.99M
est: 36.56M (+3.9%)
|
39.09M
est: 36.28M (+7.7%)
|
45.11M
est: 47.32M (-4.7%)
|
58.82M
est: 44.53M (+32.1%)
|
53.19M
est: 63.00M (-15.6%)
|
86.01M
est: 70.01M (+22.9%)
|
79.57M
78.03M – 80.87M
+13.7% YoY
|
87.75M
84.35M – 90.84M
+10.3% YoY
|
92.79M
90.05M – 95.23M
+5.7% YoY
|
| EPS |
0.75
est: 0.85 (-11.7%)
|
0.58
est: 0.70 (-16.6%)
|
1.41
est: 1.07 (+31.6%)
|
1.83
est: 1.57 (+16.5%)
|
1.67
est: 1.30 (+28.8%)
|
0.71
est: 0.81 (-12.9%)
|
-0.33
est: -0.01 (-5,404.3%)
|
0.69
est: 0.64 (+7.4%)
|
1.60
est: 0.88 (+80.9%)
|
1.39
est: 1.48 (-6.0%)
|
1.78
est: 2.09 (-14.6%)
|
2.25
2.16 – 2.52
+8.0% YoY
|
2.75
2.32 – 3.12
+22.2% YoY
|
2.71
2.60 – 2.80
-1.7% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-08 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-07 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-06 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-05 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-04 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-01 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-30 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-29 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-28 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-27 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-24 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-23 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-22 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-21 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-20 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-17 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-16 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-15 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Robert G. Blackadar | Chief Executive Officer, President & Director | 2M | male |
| Logan Mellott | Senior Vice President of Strategic Initiatives & Fleet | 1M | male |
| Robert Dawson | Chief Financial Officer | 1M | male |
| Christopher Gunn | Senior Vice President of Sales, Marketing & Manufacturing | 1M | male |
| Elizabeth Peterson | Senior Vice President of Operations | 922.9K | female |
| Julie Lee | Chief Human Resources Officer | 922.0K | female |
| Reid Yester | Vice President of Legal, General Counsel & Corporate Secretary | — | male |
| David Trang | Director of Strategic Planning & Investor Relations | — | — |
| Connor Hanson | Corporate Controller | — | male |
| Pradeep Atluri | Vice President of Information Strategy & Technology | — | male |
| Lisa Gigic | Manager of Corporate Finance & Investor Relations | — | female |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for BDGI.TO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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