Filing Flows › Cameco (CCJ) › FY2024
Cameco (CCJ) FY2024 earnings results (fiscal 2024)
40-F filed Mar 21, 2025
Cameco (CCJ) reported revenue of $3.1B for the fiscal 2024 (FY2024), +21% from a year earlier. Operating margin was 16.3%, net earnings $172M (5.5% of revenue).
Cameco, FY2024: revenue $3.1B (+21% year over year), operating margin 16.3%, net earnings $172M, operating cash flow $905M. The chart follows the revenue to costs, profit and cash.
| FY2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | — | +21% |
| Gross profit | $783M | — | +39% |
| Operating profit | $510M | — | +80% |
| Net earnings | $172M | — | -52% |
| Operating cash flow | $905M | — | +32% |
| Free cash flow | $694M | — | +30% |
What changed
Revenue was C$3.1B in FY2024, up 21% year over year.
Gross margin was 25.0%, up 3.3 points from FY2023. Operating profit was C$0.51B, a 16.3% margin (up 5.3 points year over year). Of the extra revenue versus FY2023, 41% reached operating profit, above the 11% margin then. Operating expenses fell 2% while revenue rose 21%. Net earnings were C$0.17B, down 52% year over year. The effective tax rate was 33.1%.
Operating cash flow was C$0.91B (up 32% year over year), 527% of net earnings. Non-cash charges added back C$0.28B of depreciation and amortization and C$0.01B of share-based compensation. Working capital and other items added C$0.45B. Capital expenditures of C$0.21B left free cash flow of C$0.69B.
Questions
What was Cameco's revenue in the fiscal 2024?
Cameco (CCJ) reported revenue of $3.1B for the fiscal 2024 (FY2024), +21% from a year earlier.
Was Cameco profitable in the fiscal 2024?
Operating profit was $510M (16.3% of revenue) and net earnings $172M.
Source: Cameco 40-F on SEC EDGAR.