ONEX.TO
Onex Corporation
TorontoCADEQUITY
Financial Services
DELAYED
Last price
113.39
▲ 1.35 (1.20%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
111.24
Prev close
112.04
Day high
115.93
Day low
111.24
Volume
200.85K
Market cap
$8.64B
P/E (TTM)
12.35
52W range
95.15 – 131.38
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
11.36M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 3, 26 | Popatia, Tawfiq Senior Officer of Issuer |
BUY | 10.00K | $768.13K | Direct |
| May 19, 26 | Edwards (Paul William) Senior Officer of Issuer |
BUY | 1.25K | $95.54K | Direct |
| Mar 9, 26 | Popatia, Tawfiq Senior Officer of Issuer |
BUY | 6.11K | $448.13K | Direct |
| Feb 23, 26 | Edwards (Paul William) Senior Officer of Issuer |
BUY | 3.00K | $228.22K | Direct |
| Jan 13, 26 | Le Blanc (Robert Michael) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
BUY | 50.00K | $4.11M | Indirect |
| Dec 11, 25 | Edwards (Paul William) Senior Officer of Issuer |
BUY | 1.50K | $125.28K | Direct |
| Nov 17, 25 | Sam (Colin Yu Keong) Senior Officer of Issuer |
BUY | 500 | $37.90K | Direct |
| Nov 12, 25 | Edwards (Paul William) Senior Officer of Issuer |
BUY | 1.40K | $110.60K | Direct |
| Nov 12, 25 | Edwards (Paul William) Senior Officer of Issuer |
BUY | 600 | $47.53K | Direct |
| Nov 11, 25 | Lay (Michael) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
EXERCISE | 4.47K | $260.77K | Direct |
| Nov 11, 25 | Lay (Michael) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
SELL | 4.47K | $260.77K | Direct |
| Nov 11, 25 | Lay (Michael) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
— | 4.47K | — | Indirect |
| Nov 10, 25 | Edwards (Paul William) Senior Officer of Issuer |
BUY | 1.50K | $120.81K | Direct |
| Nov 10, 25 | Edwards (Paul William) Senior Officer of Issuer |
BUY | 500 | $40.34K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Edwards (Paul William) |
Senior Officer of Issuer | 13.53K | Acquisition or disposition in the public market |
Lay (Michael) |
Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) | 4.47K | Exercise of options |
Le Blanc (Robert Michael) |
Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) | — | Acquisition or disposition carried out privately |
Munk (Anthony) |
Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) | — | Acquisition or disposition carried out privately |
Popatia, Tawfiq |
Senior Officer of Issuer | 45.00K | Acquisition or disposition in the public market |
Sam (Colin Yu Keong) |
Senior Officer of Issuer | 500 | Acquisition or disposition in the public market |
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
-1.84%
-0.5%
1M
+7.70%
+4.0%
3M
+7.94%
+4.8%
6M
+7.95%
-3.1%
YTD
+0.38%
-11.9%
1Y
+0.28%
-19.7%
3Y
+38.91%
-35.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$8.64B
Enterprise value$8.54B
Revenue (TTM)$726.00M
Gross profit$560.00M
EBITDA$520.00M
Net income$480.00M
EPS (TTM)$9.18
Free cash flow$698.75M
Total cash$129.00M
Total debt$28.00M
Book value / share$176.53
Shares outstanding76.19M
Float65.55M
Short % of float—
Dividend yield0.35%
Beta (5Y)0.96
Short interest
Shares short
822.89K
Prior 942.77K
Change vs prior
-12.7%
Shorts covering
% of float
—
—
% of shares out
1.09%
Against total outstanding
Days to cover
8.2
Crowded exit
Float
65.55M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Valuation & profitability ratios
Trailing P/E12.35
Forward P/E23.55
PEG ratio3.19
Price / sales—
Price / book0.64
EV / revenue11.76
EV / EBITDA16.42
Gross margin77.13%
Operating margin70.92%
Profit margin66.12%
Return on equity5.26%
Return on assets2.65%
Debt / equity0.29
Current ratio1.82
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $897.00M | $647.00M | $1.12B | $437.00M | +38.6% |
| Operating revenue | $897.00M | $647.00M | $1.12B | $437.00M | +38.6% |
| Cost of revenue | $195.00M | $216.00M | $257.00M | $274.00M | -9.7% |
| Gross profit | $702.00M | $431.00M | $865.00M | $163.00M | +62.9% |
| Research & development | $3.00M | $4.00M | $6.00M | $5.00M | -25.0% |
| Selling, general & admin | $41.00M | $61.00M | $103.00M | -$186.00M | -32.8% |
| Total operating expense | $80.00M | $105.00M | $165.00M | -$88.00M | -23.8% |
| Operating income | $622.00M | $326.00M | $700.00M | $251.00M | +90.8% |
| Net interest income | -$1.00M | -$2.00M | -$2.00M | -$2.00M | +50.0% |
| Pre-tax income | $621.00M | $305.00M | $532.00M | $234.00M | +103.6% |
| Tax provision | $4.00M | $2.00M | $3.00M | -$1.00M | +100.0% |
| Net income | $617.00M | $303.00M | $529.00M | $235.00M | +103.6% |
| Net income to common | $617.00M | $303.00M | $529.00M | $235.00M | +103.6% |
| Basic EPS | 8.90 | 4.01 | 6.66 | 2.77 | +121.9% |
| Diluted EPS | 8.88 | 4.00 | 6.65 | 2.77 | +122.0% |
| EBIT | $622.00M | $307.00M | $534.00M | $236.00M | +102.6% |
| EBITDA | $642.00M | $331.00M | $569.00M | $302.00M | +94.0% |
| Basic shares | 69.00M | 76.00M | 79.00M | 85.00M | -9.2% |
| Diluted shares | 70.00M | 76.00M | 79.00M | 85.00M | -7.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $1.33B | $929.00M | $265.00M | $111.00M | +43.1% |
| Cash & short-term investments | $1.33B | $929.00M | $265.00M | $161.00M | +43.1% |
| Accounts receivable | $477.00M | $521.00M | $662.00M | $537.00M | -8.4% |
| Total current assets | $4.18B | $6.63B | $4.84B | $4.21B | -37.0% |
| Property, plant & equipment | $38.00M | $91.00M | $119.00M | $140.00M | -58.2% |
| Goodwill & intangibles | $150.00M | $153.00M | $183.00M | $350.00M | -2.0% |
| Total assets | $11.50B | $13.96B | $12.90B | $12.16B | -17.6% |
| Total current liabilities | $326.00M | $324.00M | $350.00M | $287.00M | +0.6% |
| Long-term debt | $2.34B | $5.16B | $3.87B | $3.49B | -54.6% |
| Total debt | $2.38B | $5.20B | $3.94B | $3.56B | -54.3% |
| Total liabilities | $2.72B | $5.54B | $4.33B | $3.91B | -51.0% |
| Retained earnings | $8.53B | $8.15B | $8.28B | $7.96B | +4.6% |
| Shareholder equity | $8.79B | $8.42B | $8.56B | $8.25B | +4.3% |
| Working capital | $3.85B | $6.31B | $4.49B | $3.92B | -38.9% |
| Net tangible assets | $8.63B | $8.27B | $8.38B | $7.90B | +4.5% |
| Shares issued | 68.76M | 71.82M | 77.50M | 80.91M | -4.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $617.00M | $303.00M | $529.00M | $235.00M | +103.6% |
| Depreciation & amortisation | $20.00M | $24.00M | $35.00M | $66.00M | -16.7% |
| Stock-based compensation | $14.00M | $36.00M | $75.00M | -$222.00M | -61.1% |
| Change in working capital | $47.00M | $108.00M | -$139.00M | -$196.00M | -56.5% |
| Operating cash flow | $671.00M | $174.00M | $68.00M | -$384.00M | +285.6% |
| Capital expenditure | — | — | -$8.00M | -$8.00M | — |
| Investing cash flow | $150.00M | $38.00M | $55.00M | $234.00M | +294.7% |
| Share buybacks | -$237.00M | -$417.00M | -$196.00M | -$321.00M | +43.2% |
| Dividends paid | -$20.00M | -$23.00M | -$24.00M | -$26.00M | +13.0% |
| Financing cash flow | -$421.00M | $453.00M | $30.00M | -$282.00M | -192.9% |
| Free cash flow | $671.00M | $174.00M | $60.00M | -$392.00M | +285.6% |
| End cash position | $1.33B | $929.00M | $265.00M | $111.00M | +43.1% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $187.00M | $233.00M | $129.00M | $324.00M | $211.00M | — | -19.7% |
| Operating revenue | $187.00M | $233.00M | $129.00M | $324.00M | $211.00M | — | -19.7% |
| Cost of revenue | $50.00M | $49.00M | $49.00M | $47.00M | $50.00M | — | +2.0% |
| Gross profit | $137.00M | $184.00M | $80.00M | $277.00M | $161.00M | — | -25.5% |
| Selling, general & admin | -$10.00M | $14.00M | $25.00M | $28.00M | -$26.00M | — | -171.4% |
| Total operating expense | $8.00M | $1.00M | $41.00M | $34.00M | -$8.00M | — | +700.0% |
| Operating income | $129.00M | $183.00M | $39.00M | $243.00M | $169.00M | — | -29.5% |
| Pre-tax income | $129.00M | $184.00M | $40.00M | $229.00M | $168.00M | — | -29.9% |
| Tax provision | — | $3.00M | $1.00M | $0 | — | $1.00M | — |
| Net income | $129.00M | $181.00M | $39.00M | $229.00M | $168.00M | — | -28.7% |
| Net income to common | $129.00M | $181.00M | $39.00M | $229.00M | $168.00M | — | -28.7% |
| Basic EPS | 1.76 | — | 0.57 | 3.30 | 2.36 | — | — |
| Diluted EPS | 1.76 | — | 0.57 | 3.30 | 2.36 | — | — |
| EBIT | $129.00M | $183.00M | $39.00M | $243.00M | $169.00M | — | -29.5% |
| EBITDA | $133.00M | $187.00M | $44.00M | $249.00M | $174.00M | — | -28.9% |
| Basic shares | 73.00M | — | 69.00M | 69.00M | 71.00M | — | — |
| Diluted shares | 73.00M | — | 69.00M | 69.00M | 71.00M | — | — |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $116.00M | $1.33B | $672.00M | $636.00M | $569.00M | -91.3% |
| Cash & short-term investments | $116.00M | $1.33B | $672.00M | $636.00M | $569.00M | -91.3% |
| Accounts receivable | $168.00M | $477.00M | $581.00M | $559.00M | $540.00M | -64.8% |
| Total current assets | $724.00M | $4.18B | $5.69B | $5.93B | $5.71B | -82.7% |
| Property, plant & equipment | $34.00M | $38.00M | $74.00M | $82.00M | $86.00M | -10.5% |
| Goodwill & intangibles | $149.00M | $150.00M | $151.00M | $151.00M | $152.00M | -0.7% |
| Total assets | $10.24B | $11.50B | $13.42B | $13.64B | $13.35B | -11.0% |
| Total current liabilities | $227.00M | $326.00M | $333.00M | $283.00M | $213.00M | -30.4% |
| Long-term debt | $411.00M | $2.34B | $4.41B | $4.72B | $4.59B | -82.5% |
| Total debt | $441.00M | $2.38B | $4.45B | $4.75B | $4.63B | -81.4% |
| Total liabilities | $688.00M | $2.72B | $4.81B | $5.07B | $4.87B | -74.7% |
| Retained earnings | $8.65B | $8.53B | $8.35B | $8.32B | $8.22B | +1.5% |
| Shareholder equity | $9.55B | $8.79B | $8.61B | $8.57B | $8.48B | +8.7% |
| Working capital | $497.00M | $3.85B | $5.36B | $5.65B | $5.50B | -87.1% |
| Net tangible assets | $9.40B | $8.63B | $8.46B | $8.42B | $8.33B | +8.9% |
| Shares issued | 76.29M | 68.76M | 68.61M | 68.61M | 70.44M | +10.9% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | $129.00M | $181.00M | $39.00M | $229.00M | $168.00M | -28.7% |
| Depreciation & amortisation | $4.00M | $4.00M | $5.00M | $6.00M | $5.00M | 0.0% |
| Stock-based compensation | -$10.00M | -$13.00M | $25.00M | $28.00M | -$26.00M | +23.1% |
| Change in working capital | $248.00M | $134.00M | -$9.00M | $7.00M | -$85.00M | +85.1% |
| Operating cash flow | -$829.00M | $592.00M | $50.00M | $83.00M | -$54.00M | -240.0% |
| Investing cash flow | $6.00M | $265.00M | -$33.00M | -$5.00M | -$77.00M | -97.7% |
| Share buybacks | -$4.00M | $0 | $0 | -$132.00M | -$105.00M | — |
| Dividends paid | -$5.00M | -$5.00M | -$5.00M | -$5.00M | -$5.00M | 0.0% |
| Financing cash flow | -$390.00M | -$200.00M | $20.00M | -$12.00M | -$229.00M | -95.0% |
| Free cash flow | -$829.00M | $592.00M | $50.00M | $83.00M | -$54.00M | -240.0% |
| End cash position | $116.00M | $1.33B | $672.00M | $636.00M | $569.00M | -91.3% |
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $0 | — |
| Next quarter | — | — | $0 | — |
| Current year | — | — | $0 | — |
| Next year | 4.82 | 1 | $0 | — |
Analyst targets & ownership
Mean target$152.50
High target$175.00
Low target$135.00
Implied upside34.49%
Analyst count4
ConsensusBUY
Strong buy / Buy1 / 1
Hold2
Sell / Strong sell0 / 0
Held by insiders14.91%
Held by institutions41.07%
Institutions holding133
Price targets, consensus spread, insider and institutional ownership.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jun 9, 23 | CIBC | UPGRADE | Neutral | Outperformer |
Moving averages & technicals
SMA 10
113.95
-0.49% from price
SMA 20
111.96
+1.27% from price
SMA 50
109.44
+3.61% from price
SMA 100
109.80
+3.27% from price
SMA 200
109.34
+3.70% from price
EMA 12
112.98
+0.37% from price
EMA 26
111.59
+1.62% from price
EMA 50
110.41
+2.70% from price
RSI (14)
54.8
Neutral
MACD (12,26,9)
1.39
Hist -0.10
ATR (14)
3.29
2.90% of price
Realised vol 30D
28.2%
Annualised
Bollinger upper
118.05
20, 2σ
Bollinger lower
105.88
20, 2σ
50 / 200 cross
Golden
109.44 vs 109.34
Trend bias
Above 200
+3.70%
Risk profile
Beta vs SPY
0.65
Less volatile than market
Correlation to SPY
0.33
Loosely linked
Realised vol 30D
28.2%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-23.7%
Peak to trough
Max drawdown 5Y
-41.1%
Peak to trough
ATR 14
3.29
2.90% of price
Beta (reported)
0.96
5Y monthly, from filing
Dividends & splits
Forward rate$0.40 / yr
Forward yield0.35%
5-year avg yield0.45%
Payout ratio4.32%
Ex-dividend dateOct 9, 2026
Next pay dateJul 31, 2026
Last split2:1
Split dateMay 30, 2000
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.