CSU.TO
Constellation Software Inc.Technology·Software - Application
$2,822.83
$59.8B market cap
Revenue
$6.4B
Free Cash Flow
$1.4B
Rev Growth
+0.0%
FCF Margin
22.2%
P/FCF
30.8x
EV/FCF
32.6x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Constellation Software Inc., together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, the United Kingdom, and rest of Europe. Its industry specific software businesses provide specialized and mission-critical software solutions. The company serves public and private sector markets. Constellation Software Inc. was incorporated in 1995 and is headquartered in Toronto, Canada.
2-Year Price History
$2721.48-28.0%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 3,129 | 826.2 | 451.5 | 361.0 | 834.1 | 748.5 | -18.7 | 3,015 | 5,565 | 21.2 | 21.3% | 10.4x | -- |
| Act | 2025-Q4 | 3,226 | 932.1 | 556.4 | 111.7 | 769.2 | 660.5 | -21.3 | 3,135 | 5,776 | 21.2 | 28.4% | 11.3x | -- |
Valuation & Metrics
Market Stats
Price$2,822.83
Market Cap$59.8B
Enterprise Value$45.9B
P/S Ratio6.8x
P/FCF30.8x
EV/FCF32.6x
FCF Margin (TTM)22.2%
FCF Yield3.2%
Dividend Yield (TTM)0.2%
Annual Dilution0.0%
CurrencyCAD
TTM Financial Snapshot
Revenue$6.4B
Net Income$472.7M
Free Cash Flow$1.4B
Revenue Growth (YoY)+0.0%
EBITDA Margin27.7%
Net Margin7.4%
FCF Margin22.2%
CapEx % of Revenue0.6%
SBC % of Revenue0.0%
ROIC24.8%
WC Change % Rev-6.4%
Interest Coverage10.9x
Forward Outlook & Risk
Employees
Headcount45,000
Revenue / Employee$141,216
Gross Profit / Employee$35,419
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
0.0%(-0.0% YoY)
12 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%(+0.0% YoY)
0 filers
Vanguard, iShares, SPDR
Market makers
0.0%(+0.0% YoY)
0 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Mn Services Vermogensbeheer B.V. | $13.6M | $2825.14 | +$0 | +$642K | -0.4% | $15.15B |
| APPLETON PARTNERS INC/MA | $4.0M | $3130.08 | −$510K | −$391K | -0.2% | $1.43B |
| O'Brien Greene & Co. Inc | $1.7M | $3284.35 | +$42K | +$1.7M | -0.4% | $353M |
| McIlrath & Eck, LLC | $845K | $2441.99 | +$1.2M | +$845K | -0.5% | $1.33B |
| Ancora Advisors LLC | $576K | $3389.99 | −$100K | +$59K | -1.0% | $4.69B |
| LOUNTZIS ASSET MANAGEMENT, LLC | $501K | $2756.94 | +$0 | −$51K | +0.6% | $273M |
| STUDIO INVESTMENT MANAGEMENT LLC | $214K | $2972.92 | +$0 | −$7K | -0.5% | $557M |
| GAMMA Investing LLC | $40K | $3746.81 | −$34K | −$37K | -0.5% | $2.14B |
| Wall Street Access Asset Management, LLC | $21K | $3774.20 | +$0 | +$21K | +0.3% | $392M |
| Ascentis Wealth Management, LLC | $18K | $2441.99 | +$24K | +$18K | +0.3% | $508M |
| PNC FINANCIAL SERVICES GROUP, INC. | $7K | $2595.01 | −$2K | −$2K | +0.3% | $173.18B |
| ATLAS CAPITAL ADVISORS INC. | $4K | $3299.49 | +$0 | +$4K | +0.0% | $874M |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.37%
avg per quarter
Holders (ex-self)
-0.36%
excl. this stock
Buyers (this Q)
-0.45%
2 buyers · $0.00B in
Sellers (this Q)
-0.30%
4 sellers · $0.00B out
alpha coverage: 100% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-1.0%
how holders react when this stock falls
On quiet Qs
+0.8%
−10% to +10% baseline
On rallies (+10%+)
-0.8%
how they react when this stock rises
Holders' portfolio flow this Q
+1.1%
inflows — adds are organic
Sellers' portfolio flow this Q
+0.6%
Sellers' overall flow ~ flat.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-2.8%
Holder mid (any stock)
-3.3%
Holder rally (any stock)
-3.0%
Biggest decreases this quarter
TORRAY LLCexited−$5.1MHighPoint Advisor Group LLCexited−$960KKIRTLAND HILLS CAPITAL MANAGEMENT, LLCexited−$823KAPPLETON PARTNERS INC/MA−$510Kα-0.2Ancora Advisors LLC−$100Kα-1.0GAMMA Investing LLC−$34Kα-0.5VICTORY CAPITAL MANAGEMENT INCexited−$14KPNC FINANCIAL SERVICES GROUP, INC.−$2Kα+0.3Steigerwald, Gordon & Koch Inc.exited−$2K
New buyers this quarter
Top-5 holders · 96.3%
Mn Services Vermogensbeheer B.V.--
APPLETON PARTNERS INC/MA--
O'Brien Greene & Co. Inc--
McIlrath & Eck, LLC--
Ancora Advisors LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Mn Services Vermogensbeheer B.V.8KKIRR MARBACH & CO LLC /IN/—APPLETON PARTNERS INC/MA2KTORRAY LLC—KENNEDY CAPITAL MANAGEMENT LLC—Hexavest Inc.—O'Brien Greene & Co. Inc963BW Gestao de Investimentos Ltda.—Canoe Financial LP—HighPoint Advisor Group LLC—