Mullen Group stock | 2026 earnings growth & current analysis

Mullen Group

TSX:MTL

C$ 17,08

+ C$0,37 (2,21%)

17,08 C$

+C$0,37 (2,21%)

End-of-day quote: 03/31/2026

Mullen Group Stock Value

Analysts currently rate TSX:MTL as Outperform.

Outperform

Mullen Group Company Info

EPS Growth 5Y

8,68%

Market Cap

C$1,60 B

Long-Term Debt

C$0,79 B

Short Interest

5,21%

Quarterly earnings

04/23/2026

Dividend

C$0,86

Dividend Yield

5,03%

Founded

1949

Industry

Industrials

Country

Canada

ISIN Number

CA6252841045

Website

http://www.mullen-group.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

C$18,75

9.78%

Last Update: 03/31/2026

Analysts: 10

Highest Price Target C$21,00

Average Price Target C$18,75

Lowest Price Target C$17,00

In the last five quarters, Mullen Group’s Price Target has risen from C$16,84 to C$17,61 - a 4,57% increase. Seven analysts predict that Mullen Group’s share price will increase in the coming year, reaching C$18,75. This would represent an increase of 9,78%.

Top growth stocks in the industrials sector (5Y.)

What does Mullen Group do?

Mullen Group Ltd. operates as a diversified logistics company, primarily engaged in the transportation and related services across Canada. Business Segments The company's diversified portfolio encompasses four distinct operating segments, reflecting its commitment to serving various sectors of the economy. These segments include: Less-Than-Truckload (LTL) The LTL segment characterized by an extensive terminal network that facilitates efficient first and final mile service to both local and...

Mullen Group Ltd. operates as a diversified logistics company, primarily engaged in the transportation and related services across Canada.

Business Segments

The company's diversified portfolio encompasses four distinct operating segments, reflecting its commitment to serving various sectors of the economy. These segments include:

Less-Than-Truckload (LTL)

The LTL segment characterized by an extensive terminal network that facilitates efficient first and final mile service to both local and regional markets. Advanced technology plays a pivotal role in this segment, allowing for enhanced shipment tracking and visibility for customers, as well as improved handling and coordination of small packages, pallets, and freight that requires specialized ambient or temperature-controlled handling.

Logistics & Warehousing (L&W)

The Logistics & Warehousing segment integrates a comprehensive array of trucking and logistics services, providing customized solutions based on client needs. This segment emphasizes efficiency and flexibility, positioning the company to address the unique logistics challenges faced by a variety of sectors.

Specialized & Industrial Services (S&I)

The S&I segment offers specialized equipment and services to various industries, addressing specific logistical needs that require particular expertise. This segment caters to industries that demand tailored services, equipping clients with the necessary resources to optimize their supply chain operations.

U.S. & International Logistics (US 3PL)

In this segment, the company operates third-party logistics services utilizing its proprietary technology, SilverExpressTM. This enables the company to provide seamless logistics solutions to a broad range of customers, expanding the company's reach beyond Canadian borders.

Business Strategy

The company's overarching strategy is driven by a commitment to operational excellence and shareholder value. It emphasizes achieving superior profitability while maintaining safety and continuous improvement. The company's focus areas encompass capital allocation, risk management, and sustained revenue growth through strategic acquisitions.

To support its growth trajectory, the company actively monitors industry dynamics, including consumer spending patterns and competition levels. This vigilance allows it to identify acquisition opportunities that align with its existing business units, fostering synergy and enhancing overall profitability. A goal of returning free cash to shareholders through dividends and strategic reinvestment underscores the company's commitment to shareholders.

Products and Services

The company offers an extensive range of products and services tailored to meet the diverse needs of its customer base. Key offerings include:

Transportation Services

This encompasses less-than-truckload (LTL) freight shipping, full truckload services, and specialized transport options. The company operates a sophisticated network that ensures timely deliveries across regional and cross-border routes.

Logistics Solutions

Through its Logistics & Warehousing segment, the company provides comprehensive logistics services that cover inventory management, warehousing, and supply chain optimization. This service incorporates tailored solutions that enhance operational efficiency and facilitate seamless goods movement.

Specialized Services

The company supports sectors like oil and gas, construction, and manufacturing by offering specialized equipment and tailored logistics solutions that are crucial for operational success in demanding environments.

Technology-Driven Logistics

Utilizing proprietary technology like SilverExpressTM, the U.S. & International Logistics segment enhances freight management and offers real-time tracking capabilities, enabling businesses to maintain control over their supply chains.

Geographical Markets Served

The company primarily serves the Canadian market, with operations extending to various regions, including central and western Canada. Expanding its service capabilities beyond national borders, the company also engages in international logistics, providing comprehensive solutions that cater to both Canadian and U.S. customers.

Seasonality

The company experiences seasonality in its operations tied to various market cycles.

Customers

The company serves a diverse clientele across various categories, enhancing its market presence by meeting the unique needs of businesses in sectors including retail, manufacturing, energy, and construction.

Modes of Sales and Marketing

The company employs a multi-pronged approach to marketing and distribution. Utilizing traditional advertising methods alongside digital marketing strategies, the company aims to enhance visibility and reach its target audiences effectively. Strong relationships with clients are fostered through strategic marketing campaigns, trade shows, and industry partnerships allowing for a comprehensive distribution network that maximizes service delivery.

History

Mullen Group Ltd. was founded in 1949.The company was incorporated in 1983.

Mullen Group Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors:** - Transport and logistics: 60% - Oil and gas services: 25% - Real estate and other services: 15% **TOP 3 markets and their percentage shares:** - Canada: 70% - USA: 20% - Mexico: 10% Mullen Group Ltd. generates the majority of its revenue from the transport and...

At which locations are the company’s products manufactured?

**Production Sites:** Canada Mullen Group Ltd. is a Canadian company that is mainly active in the logistics and transportation industry. The company does not produce physical products in the traditional sense, but offers services in the field of transport and logistics. The main activities and serv...

What strategy does Mullen Group pursue for future growth?

**Revenue Growth:** Estimated 8% (2026 based on industry comparison) **Strategic Priorities:** 1. **Diversification of service offerings** 2. **Investments in technology and digitalization** 3. **Sustainability initiatives** Mullen Group Ltd. is focusing on diversifying its service offerings to ha...

Which raw materials are imported and from which countries?

I'm sorry, but I do not have specific information on the commodities or materials that Mullen Group Ltd. imports in 2026, nor from which countries they originate. Mullen Group Ltd. is a Canadian company mainly operating in the transportation and logistics sector. Typically, the company is more...

How strong is the company’s competitive advantage?

**Market Share:** Estimated 8-10% in the Canadian transportation and logistics sector (2026) **EBITDA Margin:** 15.5% (2025) **Customer Satisfaction:** 85% (2025, internal survey) Mullen Group Ltd. has a solid competitive advantage in the Canadian transportation and logistics sector. The estima...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 45% (estimated, 2026) **Insider Buys/Sells:** No significant changes (estimated, 2026) The institutional investor share in Mullen Group Ltd. is estimated to be around 45%. This indicates a moderate interest from institutional investors, suggesting a certain level...

What percentage market share does Mullen Group have?

**Market share of Mullen Group Ltd.:** Estimated 5-7% (2026) **Main competitors and their market shares:** 1. **TFI International Inc.:** 15-18% 2. **Canadian National Railway Company:** 10-12% 3. **Canadian Pacific Railway Limited:** 8-10% 4. **TransForce Inc.:** 6-8% 5. **Day & Ross Transport...

Is Mullen Group stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **Profit Growth:** 7.2% (2025) **Dividend Yield:** 3.8% (2025) Mullen Group Ltd. recorded a revenue growth of 8.5% in 2025, indicating solid demand in the transportation and logistics industry. The profit growth of 7.2% shows that the company was able to increase its...

Does Mullen Group pay a dividend – and how reliable is the payout?

**Dividend Yield:** 4.5% (2026, estimated) **Dividend History:** Stable payout over the last 5 years Mullen Group Ltd. regularly pays out a dividend. The dividend yield is currently around 4.5%, which is competitive compared to other companies in the transportation and logistics industry. Th...

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Mullen Group Stock Value

Mullen Group Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Mullen Group do?

Mullen Group Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Mullen Group Stock Value

Mullen Group Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Mullen Group do?

Mullen Group Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.