BQE Water Inc. Price & Performance (BTQNF)

BQE Water posted a record net income of $4.8 million for 2024, an 81% jump from the prior year, even as total revenues slipped 5% to $17.2 million. The company’s recurring revenue model and expanded joint venture income helped offset lower operating revenues, positioning it for continued resilience amid sector uncertainty.123

BQE Water’s 2024 earnings per share rose sharply to $3.78, up from $2.12 in 2023. The company’s net profit margin climbed to nearly 28%, supported by a robust gross margin of 49%. Management credits recurring water treatment fees and prudent cost controls for the strong bottom-line performance.142

Despite impressive earnings growth, BQE Water’s share price has declined 25% over the past year, underperforming both the Canadian commercial services sector and the broader market. Analysts attribute this disconnect to market caution amid global economic uncertainty, even as company fundamentals remain solid.412