Morguard Corporation is a real estate investment and management firm focused on acquiring and developing multi-suite residential, commercial, and hotel properties in Canada and the U.S. While it boasts strong gross (58.1%) and EBITDA margins (70.1%), its low return on equity (1.8%) and return on assets (0.7%) raise concerns about profitability efficiency. Additionally, a current ratio of 0.43 indicates potential liquidity issues, suggesting reliance on debt (debt/equity of 1.23) may pose risks. Overall, the high margins contrast with the financial health score of 38/100, indicating potential valuation concerns.
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Debt of $5.7B is 15.2x the company's cash position of $374.7M.
Gross margin expanded by 7.3 percentage points, indicating improved pricing power or cost efficiency.
Both gross margin (+7.3pp) and operating margin (+2.3pp) are expanding simultaneously, indicating the company is scaling profitably.
Operating margin of 47.5% demonstrates excellent operational efficiency.
Operating margin increased by 2.3pp, reflecting better cost management.
Strong gross margin of 53.4% reflects healthy unit economics.
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Based on 2026-Q2 (June 30, 2026)