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BluMetric Environmental (BLM) AI Stock Analysis
BluMetric Environmental
(TSXV:BLM)
The overall score is constrained by significant fundamental weaknesses. The primary risk is the severe deterioration in profitability, with the company posting net losses despite rapid revenue growth, leading to a negative P/E ratio. A strong, low-leverage balance sheet is the main mitigating factor, providing financial stability. Technicals are neutral-to-slightly-positive, but do not offset the earnings concerns.
BluMetric Environmental (BLM) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 44.63M
- Dividend Yield
- ―
- Average Volume (3M)
- 22.52K
- Price to Earnings (P/E)
- -8.6
- Beta (1Y)
- 1.10
- Revenue Growth
- 39.33%
- EPS Growth
- -660.48%
- Country
- Canada
- Employees
- 370
- Sector
- General
- Sector Strength
- 55
- Industry
- Environmental Services
BluMetric Environmental Business Overview & Revenue Model
Company Description
BluMetric Environmental Inc., based in Ottawa, Canada, offers comprehensive environmental solutions, including expert consultation, innovative design, specialized products, and construction services. The company assists clients worldwide in tackling...
How the Company Makes Money
BluMetric makes money primarily by selling professional services on a project/contract basis to government and commercial/industrial customers. Its revenue model is largely fee-for-service and is typically earned through (1) time-and-materials consul...
BluMetric Environmental Earnings Call Summary
The earnings call reflects a positive sentiment with improvements in gross margins, a record backlog, and stable revenue indicating strong operational resilience. Despite some challenges in the military market and increased operating expenses, the company is well-positioned with a strong financial base and growth in other sectors like mining.
Q4-2024 Updates
Positive Updates
Negative Updates
Company Guidance
During the BluMetric Environmental Inc. Q4 2023 earnings call, the executives shared various key metrics and insights. The company reported stable revenues for the fiscal year at $35.1 million, with the fourth quarter's revenues at $10.3 million, up from $9.9 million in the same period the previous year. A notable improvement was seen in the gross margin, which increased to 26% in Q4 from 18% in Q4 2022, attributed to project mix and delayed revenue recognition. EBITDA for the fiscal year was $1.7 million, with a significant Q4 increase to $1.1 million, compared to $0.3 million the previous year. The net income for the fiscal year was $0.5 million, with an increase in Q4 to $0.7 million. The company maintained a net cash balance of $2.2 million as of September 30, 2023, and a strong working capital position of $11.1 million. BluMetric also highlighted a record backlog, which positions them for modest revenue growth in 2024, and emphasized their continued focus on expanding their agile water systems both domestically and internationally.
BluMetric Environmental Financial Statement Overview
Summary
Financial performance is mixed. Revenue growth is exceptional (~80% in FY2025), but profitability has deteriorated sharply with negative margins and a swing to significant net losses. The balance sheet is strong with low leverage (D/E 0.14), providing a cushion, but cash flow trends are weakening despite being positive. Overall, the high-growth is overshadowed by poor earnings quality.
Income Statement
35NegativeBalance Sheet
72PositiveCash Flow
45Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 77.51M | 62.58M | 34.84M | 35.08M | 34.32M | 35.48M |
| Gross Profit | 16.80M | 15.16M | 13.98M | 7.59M | 7.56M | 9.42M |
| EBITDA | 406.00K | 1.98M | 1.46M | 1.78M | 2.24M | 5.23M |
| Net Income | -4.12M | -2.30M | 64.00K | 506.72K | 1.32M | 3.73M |
Balance Sheet | ||||||
| Total Assets | 60.23M | 37.09M | 37.99M | 20.05M | 19.67M | 17.42M |
| Cash, Cash Equivalents and Short-Term Investments | 1.16M | 2.11M | 3.65M | 3.04M | 4.91M | 4.73M |
| Total Debt | 4.66M | 8.55M | 7.60M | 2.80M | 2.15M | 2.60M |
| Total Liabilities | 26.47M | 21.35M | 24.27M | 7.86M | 8.30M | 7.56M |
| Stockholders Equity | 33.75M | 15.74M | 13.72M | 12.19M | 11.37M | 9.86M |
Cash Flow | ||||||
| Free Cash Flow | 1.19M | 1.26M | -579.00K | -799.89K | 1.11M | 3.46M |
| Operating Cash Flow | 1.51M | 1.63M | 57.00K | -462.95K | 1.20M | 3.65M |
| Investing Cash Flow | -14.73M | -991.00K | -1.50M | -336.94K | -83.38K | -191.52K |
| Financing Cash Flow | 10.84M | -2.19M | 2.07M | -1.07M | -929.66K | -1.21M |
BluMetric Environmental Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BLM, the sentiment is Negative. The current price of 0.81 is below the 20-day moving average (MA) of 0.85, below the 50-day MA of 0.91, and below the 200-day MA of 0.99, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 39.01 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BLM.
BluMetric Environmental Peers Comparison
Overall Rating
TSE:VCI80Outperform- TSE:BLM49Neutral
TSE:YES47.5Neutral
TSE:ROOF41Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:VCI | 80Outperform | CAD 43.79M | 12.30 | 70.03% | 5.66% | 20.51% | 36.43% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TSE:BLM | 49Neutral | CAD 44.63M | -8.58 | -14.00% | ― | 39.33% | -660.48% |
| TSE:YES | 48Neutral | CAD 30.23M | -100.00 | -6.70% | ― | 11.30% | 97.22% |
| TSE:ROOF | 41Neutral | CAD 24.83M | -1.40 | 152.16% | ― | 6.95% | -13.65% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:BLM | BluMetric Environmental | 0.81 | -0.73 | -47.40% | |
| TSE:BQE | Bqe Water Inc. | 69.00 | 14.16 | 25.82% | |
| TSE:VCI | Vitreous Glass | 6.89 | 0.89 | 14.81% | |
| TSE:YES | CHAR Technologies | 0.20 | -0.02 | -9.09% | |
| TSE:ROOF | Northstar Clean Technologies, Inc. | 0.15 | -0.18 | -54.55% |
BluMetric Environmental Corporate Events
BluMetric Posts Strong Q3 Growth and Expands U.S. WaterTech Capacity
PositiveBluMetric reported a 43% year‑over‑year jump in third‑quarter revenue to CA$20.9 million, driven by WaterTech USA growth, the acquisitions of DS Consultants and Whitteker Environmental, and stronger utilization in Professional Servi...
BluMetric to Release Q3 2026 Results and Host Investor Call
NeutralBluMetric Environmental Inc., a publicly traded WaterTech and environmental engineering company based in Ottawa, develops and delivers sustainable solutions for complex water and environmental issues. With a workforce of more than 335 employees sprea...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 28, 2026