October 7, 2026
Order backlogs are a major tailwind for Canadian industrial companies as a result of the massive increase in infrastructure spending.
The companies in my model portfolios all have positive free cash flow yields and growing EBITDA’s.
Comparing recent order backlogs to 2026 projected Revenues shows Atkins Realis, Aecon and WSP Global having the highest ratios at 1.67, 1,651 and 1.212 times respectively.
I aslo still like both Finning International and Toromont as our domestic Caterpillar dealers. While their order backlogs relative to revenues are not as large as the other three, projected EBITDA growth remains solid.
Stock picking remains critical in these turbulent markets. Simply buying an index or sector equity fund will ensure that you end up purchasing both the best and the worst companies and everything in between. Selecting the best stocks is what this is all about.