October 2026
Largest Machinery Public Companies in Canada
Benchmark revenue and EBITDA valuation multiples for public comps like
Barrick Mining, ATS, Savaria, Velan and Ag Growth International.
 | Based in Toronto, Barrick is one of the world's largest gold miners. In 2025, the firm sold about 3.3 million attributable ounces of gold and about 220,000 metric tons of copper. At end-2025, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure, driven by the expansion of its Lumwana mine in Zambia and the development of its Reko Diq copper and gold project in Pakistan. It intends to undertake an IPO of its joint venture stakes in Nevada Gold Mines and Pueblo Viejo along with its Fourmile deposit later in 2026. | $40 | +22% | $67B | $75B | 4.4x | 6.8x | ||
| ATS Corp is engaged in planning, designing, building, commissioning and servicing automated manufacturing systems - including automation products and test solutions - for a broadly diversified base of customers. The company focuses in five key markets: life sciences, food & beverage, transportation, consumer products and energy. The Company's operations are reported as one operating segment, Automation Systems, which plans, allocates resources, builds capabilities and implements practices on a world-wide basis. The company has presence in Canada, United States, Germany, Italy, Other Europe, and Other. | $18 | -36% | $1.7B | $2.6B | 1.2x | 10.1x | ||
| Savaria Corp designs, engineers, and manufactures products for personal mobility. Its products include home elevators, wheelchair lifts, commercial elevators, ceiling lifts, stairlifts, and van conversions. The company's operating segments are Accessibility and Patient Care. The Accessibility segment deals with manufacturing, designing, installing, and distributing elevators, platform lifts, and stairlifts for people with mobility challenges. The Patient Care segment includes the manufacturing and distribution of a comprehensive line of therapeutic support surfaces and other pressure management products for the medical market. The company derives maximum revenue from Accessibility segment. | $21 | +32% | $1.5B | $1.6B | 2.5x | 14.7x | ||
| Velan Inc is an international manufacturer of industrial valves. The company offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, mining, shipbuilding, water, and wastewater. The company operates in various geographical regions: Canada, the United States, France, Italy, and Other countries. | $12 | +2% | $258M | $278M | 0.9x | 25.7x | ||
| Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. It has two reportable segments, Farm and Commercial. It has manufacturing facilities in Canada, the United States, Italy, Brazil, France, the United Kingdom, and India. Its geographical segments are Canada, the United States, and the International. | $5 | -- | $100M | $799M | 0.8x | 8.2x | ||
| Composite Alliance Group Inc provides industrial turn-key solutions by designing and manufacturing the machines. It offers machines and processes to fabricate composite materials for the aerospace and automotive industries. Geographically, it operates in Europe, Asia, and North America, out of which a majority of its revenue is from Asia. | $0 | -41% | $1M | $7M | 1.2x | (1.7x) | ||
| Median | $15 | +2% | $879M | $1.2B | 1.2x | 9.1x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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