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JCTC

Jewett-Cameron Trading Company Ltd.

JCTC

Jewett-Cameron Trading Company Ltd. • NASDAQ
$2.46 ▼ -0.07% (-0.00)
Market Cap $8.65 M
52w High $5.41
52w Low $2.36
Dividend Yield 0%
P/E -4.17
Volume 1.79K
Outstanding Shares 3.52M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $12.605M ▲ $2.577M ▲ $-649.634K ▼ -5.154% ▲ $-0.18 ▼ $-607.773K ▲
Q2-2025 $9.055M ▼ $940.168K ▲ $-573.094K ▲ -6.329% ▲ $-0.16 ▲ $-679.853K ▲
Q1-2025 $9.267M ▼ $809.213K ▼ $-658.717K ▼ -7.108% ▼ $-0.19 ▼ $-754.281K ▼
Q4-2024 $13.214M ▼ $2.222M ▼ $-190.504K ▼ -1.442% ▼ $-0.054 ▼ $-225.577K ▼
Q3-2024 $15.896M $2.895M $154.862K 0.974% $0.044 $136.451K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.205M ▲ $29.239M ▲ $6.209M ▲ $23.03M ▼
Q2-2025 $435.635K ▼ $27.625M ▲ $3.946M ▲ $23.679M ▼
Q1-2025 $3.039M ▼ $26.745M ▼ $2.553M ▼ $24.192M ▼
Q4-2024 $4.853M ▲ $27.491M ▼ $2.639M ▼ $24.851M ▼
Q3-2024 $1.055M $28.328M $3.286M $25.042M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-649.634K ▼ $-1.616M ▲ $-36.735K ▼ $2.422M ▲ $769.084K ▲ $-1.653M ▲
Q2-2025 $-573.094K ▲ $-2.584M ▼ $-19.349K ▲ $0 $-2.604M ▼ $-2.604M ▼
Q1-2025 $-658.717K ▼ $-1.777M ▼ $-36.5K ▼ $0 $-1.814M ▼ $-1.815M ▼
Q4-2024 $-190.504K ▼ $3.795M ▲ $4.04K ▲ $0 $3.799M ▲ $3.795M ▲
Q3-2024 $154.862K $14.478K $-109.09K $0 $-94.612K $-96.062K

Five-Year Company Overview

Income Statement

Income Statement Jewett-Cameron’s sales have been fairly flat in recent years, and profits have been thin and inconsistent. The company swung from a strong profit a few years ago, to a small loss, and then back to a modest profit more recently. This points to a business that can be profitable, but is sensitive to swings in costs and demand. Margins look tight, so even small changes in material prices, freight, or retailer orders can meaningfully affect earnings.

Balance Sheet

Balance Sheet The balance sheet looks simple and relatively conservative. Assets and shareholders’ equity have stayed fairly steady over the last few years, without large expansions or contractions. The company has operated with little to no financial debt, which reduces financial risk, but reported cash balances also appear quite low, suggesting only a modest cushion for shocks. Overall, it looks like a small, asset-light business that relies more on operations than on heavy investment or borrowing.

Cash Flow

Cash Flow Cash generation has improved recently, with the business producing positive cash flow from operations and free cash flow in the last couple of years. Earlier periods were closer to break-even or slightly negative. Capital spending has been minimal, which helps free cash flow but also signals limited physical expansion. The company seems to be running a lean model: it is now converting earnings into cash more reliably, but the low investment and limited cash buffer mean it has less room for missteps or major growth projects without new funding or asset sales.

Competitive Edge

Competitive Edge Jewett-Cameron operates in niche segments of home improvement and outdoor living, focusing on fencing, gates, and pet containment. Its edge comes from patented, problem-solving products, recognizable brands like Adjust-A-Gate and Lucky Dog, and long-standing relationships with major home improvement chains. Placement of products in high-traffic retail aisles and a diversified global supplier base add to its resilience. On the other hand, the company is small compared with larger building-products players, depends heavily on big-box retailers, and is exposed to housing and renovation cycles, as well as swings in steel and lumber costs.

Innovation and R&D

Innovation and R&D Innovation is very product-focused and practical rather than lab-heavy. The company refines common items—gates, fence posts, kennels, and bags—by solving specific user pain points, then protects those solutions with patents. Examples include anti-sag gate systems, long-lasting steel fence posts used with wood fencing, and a line of sustainable, compostable bags. Jewett-Cameron is also modernizing operations with warehouse technology and AI-driven forecasting to manage inventory better. The product pipeline includes upgrades to existing brands and new versions of kennels and gate kits. The main uncertainty is how quickly retailers and consumers adopt these innovations and how much shelf space and visibility they receive.

Summary

Overall, Jewett-Cameron looks like a small, specialized company with a steady but not fast-growing financial profile and a clear focus on niche, problem-solving products. Its strengths lie in patents, practical innovation, and strong retail relationships, supported by a conservative balance sheet with little debt. Its main vulnerabilities are thin margins, modest cash reserves, dependence on a few large retailers, and exposure to home-improvement cycles and input costs. Future performance will hinge on whether its new and upgraded products, operational tech improvements, and potential asset sales can translate into more stable growth and stronger, more consistent profitability over time.