Bird Construction at $83: A Great Canadian Builder Priced Like a Tech Stock

Views: 20 2026-10-07 Bird Construction is one of Canada’s largest general contractors, with C$3.4bn of 2025 revenue. It builds and maintains industrial facilities (oil sands, LNG, mining, nuclear), buildings (hospitals, schools, defence bases, data centres) and infrastructure (transit, bridges, marine and foundation work). It earns a thin margin on the value of work completed, about 6.5% to 7% at the adjusted EBITDA level. Since 2020 it has shifted towards collaborative contracts, recurring maintenance agreements and high-demand sectors. A preferred-partner deal with Bell for AI data centres, a C$12bn combined backlog and a target of 8% EBITDA margins by 2027 have …

Bird Construction at $83: A Great Canadian Builder Priced Like a Tech StockRead More »