Maxim Power Corp. is an independent power producer in Canada, primarily operating the Milner 2 power plant. The company shows strong liquidity with a current and quick ratio of 5.71, indicating solid short-term financial health. However, concerns arise from a negative net margin of -20.0% and low returns on equity and assets, suggesting profitability challenges. Despite a gross margin of 16.3% and an EBITDA margin of 11.9%, the overall financial performance raises questions about sustainable growth and operational efficiency.
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Revenue fell 16.7% year-over-year from $91.4M to $76.2M. The decline has persisted for multiple quarters.
Excellent operating cash flow margin of 39.3% indicates high-quality earnings.
Operating cash flow of $29.9M exceeds net income by 206%, indicating high-quality earnings with strong cash conversion.
Operating cash flow grew 18.5% YoY, demonstrating improving cash conversion.
Debt-free balance sheet with a solid cash position, providing significant financial flexibility.
Excellent liquidity with current ratio of 5.7x ensures operational stability.
Valuation, risk assessment, competitive positioning, and key insights — all in one report.
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Based on 2026-Q2 (June 30, 2026)