Company Analysis

Cameco Corporation (CCJ)

NYSE: CCJ · Miscellaneous Metal Ores · Saskatoon · filing with the SEC since 1998
Grade6.2
◀ Past 6.2● Present 6.8▶ Future 5.6
1 est.

The grade of Cameco Corporation

Nine metrics read from its own filings, by tense
Headline grade
6.2/10
◀ Past6.240% of the headline
● Present6.835% of the headline
▶ Future5.625% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.2/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.4/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 64th percentile among 11 sector filers · read for itself

From the record

Cameco Corporation's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.7/10

What has it actually done, year after year?

+4.1% a year over 10 filed years; profitable in 6 of 10.

weight 33% of this tense · 47th percentile among 4 sector filers · read for its customers

From the record

Cameco Corporation's 10 filed years say what it did: revenue went from CAD 2.4 billion in fiscal 2016 to CAD 3.5 billion in fiscal 2025, up 4.1% a year; it rose in 4 of 9 years; the deepest fall was 39% from fiscal 2016 to fiscal 2021; net income was positive in 6 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span4.1%bottom 25% of its family
  • the share of years revenue rosebottom 13% of its family
  • the share of filed years with a profittop 12% of its family
  • the deepest fall from a revenue peak39.3%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
8.0/10

How has it treated the people who own it?

Share count grew 2.4% a year. 8% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 80th percentile among 2 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Cameco Corporation's diluted share count grew about 2.4% a year, and dividends and buybacks returned about 8% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 15% of its family
  • cash returned against operating cash flowtop 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.8/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
7.7/10

Is it financially healthy right now?

ROE 9%: 9¢ of profit per shareholder dollar. Leverage 33%: owes 33¢ per asset dollar.

weight 45% of this tense · 77th percentile among 10 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Cameco Corporation earned about 9 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 9 cents per dollar of everything the company owns. Leverage: it owed about 33 cents per dollar of assets, and net share issuance: its share count grew 0.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 35% of its family
  • return on equitytop 5% of its family
  • gross profit against assetstop 17% of its family
  • the share count against the year beforetop 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.7/10

How strong is its position in its industry?

top 33% of 4 in its family; net margin 16.9%.

weight 33% of this tense · 67th percentile among 4 sector filers · read for its customers

From the record

Cameco Corporation's standing among 4 graded names in its industry family: revenue of CAD 3.5 billion in fiscal 2025 ranks in the top 25% by size; a net margin of 16.9% ranks in the top 12%; revenue growth of 23.1% a year over the last 3 filed years ranks in the bottom 38% (its annual reports).

What it rests on

  • revenue against the familyC$3.48Btop 25% of its family
  • net margin16.9%top 12% of its family
  • three-year revenue growth23.1%bottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 15 of 100 (universe median).

weight 22% of this tense · 50th percentile among 3816 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 3816 companies with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
universe median, 3816 readings behind it.
Confidence
15 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Cameco Corporation's leadership is put at 5.0 of 10 with a confidence of 15 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 3816 companies with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.6/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.1/10

How much room does it have to grow?

top 49% of 4 in its family for room to expand.

weight 22% of this tense · 51st percentile among 4 sector filers · read for itself

From the record

Cameco Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of CAD 1.1 billion against debt of CAD 996 million leaves 1.2% of its assets as net cash, bottom 17% of its family; cash from operations less capital spending is 30.9% of revenue (top 12%); a gross margin of 27.9% (top 50%); research spending of 1.1% of revenue (top 50%) (its annual report).

What it rests on

  • cash less debt against assets1.2%bottom 17% of its family
  • cash from operations less capital spending against revenue30.9%top 12% of its family
  • gross margin27.9%top 50% of its family
  • research spending against revenue1.1%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.0/10

What could actually drive growth from here?

top 50% of 4 in its family for growth drivers.

weight 33% of this tense · 50th percentile among 4 sector filers · read for its customers

From the record

Cameco Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 23.1% a year over the last three filed years against 4.1% over all 10, speeding up (top 25% of its family); the newest year grew 11% (top 37%); research spending grew 46.7% a year (top 50%); capital spending grew 32.4% a year (bottom 13%) (its annual reports). Cameco Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+19.0 points a yeartop 25% of its family
  • the newest year's revenue growth11.0%top 37% of its family
  • three-year growth of research spending46.7%top 50% of its family
  • three-year growth of capital spending32.4%bottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.3/10

Did its newest year beat what its own record pointed to?

top 37% of 4 in its family for expectations against reality.

weight 45% of this tense · 63rd percentile among 4 sector filers · read for its shareholders

From the record

Cameco Corporation's newest year against its own record: revenue of CAD 3.5 billion in fiscal 2025 came in 14.3% below the CAD 4.1 billion its prior three years' pace pointed to (top 37% of its family); net income of CAD 590 million against a prior three-year average of CAD 207 million (top 12%); a net margin of 16.9% against 8.1% before (bottom 38%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-14.3%top 37% of its family
  • net income against the prior three years' average+184%top 12% of its family
  • net margin against its prior average+8.9 pointsbottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CCJ · research, not advice