CSU.TO vs. TOI.V

Last updated Apr 1, 2026

Compare and contrast key facts about Constellation Software Inc. (CSU.TO) and Topicus.com Inc. (TOI.V).

Performance

CSU.TO vs. TOI.V - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Constellation Software Inc. (CSU.TO) and Topicus.com Inc. (TOI.V). The values are adjusted to include any dividend payments, if applicable.

CSU.TO vs. TOI.V - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CSU.TO Constellation Software Inc.	-25.99%	-25.63%	35.48%	58.92%	-9.69%	41.29%
TOI.V Topicus.com Inc.	-27.69%	4.62%	40.16%	25.53%	-38.77%	83.41%

Fundamentals

Market Cap CSU.TO : CA$51.77B TOI.V : CA$11.93B
EPS CSU.TO : CA$24.24 TOI.V : CA$0.20
PE Ratio CSU.TO : 100.75 TOI.V : 453.10
PS Ratio CSU.TO : 4.43 TOI.V : 6.79
PB Ratio CSU.TO : 14.51 TOI.V : 25.23
Total Revenue (TTM) CSU.TO : CA$11.67B TOI.V : CA$1.55B
Gross Profit (TTM) CSU.TO : CA$5.50B TOI.V : CA$450.38M
EBITDA (TTM) CSU.TO : CA$2.79B TOI.V : CA$292.37M

Returns By Period

In the year-to-date period, CSU.TO achieves a -25.99% return, which is significantly higher than TOI.V's -27.69% return.

CSU.TO

• 1D: 2.31%
• 1M: -3.06%
• YTD: -25.99%
• 6M: -35.30%
• 1Y: -46.33%
• 3Y*: -1.15%
• 5Y*: 7.00%
• 10Y*: 18.00%

TOI.V

• 1D: -2.04%
• 1M: -1.92%
• YTD: -27.69%
• 6M: -38.40%
• 1Y: -34.88%
• 3Y*: -0.68%
• 5Y*: 3.11%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CSU.TO vs. TOI.V — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSU.TO

CSU.TO Risk / Return Rank: 6
CSU.TO Sharpe Ratio Rank: 2
CSU.TO Sortino Ratio Rank: 3
CSU.TO Omega Ratio Rank: 5
CSU.TO Calmar Ratio Rank: 12
CSU.TO Martin Ratio Rank: 9

TOI.V

TOI.V Risk / Return Rank: 13
TOI.V Sharpe Ratio Rank: 7
TOI.V Sortino Ratio Rank: 9
TOI.V Omega Ratio Rank: 11
TOI.V Calmar Ratio Rank: 20
TOI.V Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSU.TO vs. TOI.V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Constellation Software Inc. (CSU.TO) and Topicus.com Inc. (TOI.V). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CSU.TO	TOI.V	Difference
Sharpe ratio Return per unit of total volatility	-1.20	-0.87	-0.33
Sortino ratio Return per unit of downside risk	-1.83	-1.17	-0.66
Omega ratio Gain probability vs. loss probability	0.78	0.87	-0.08
Calmar ratio Return relative to maximum drawdown	-0.82	-0.64	-0.18
Martin ratio Return relative to average drawdown	-1.54	-1.25	-0.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSU.TO vs. TOI.V - Sharpe Ratio Comparison

The current CSU.TO Sharpe Ratio is -1.20, which is lower than the TOI.V Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of CSU.TO and TOI.V, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CSU.TO	TOI.V	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.20	-0.87	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.08	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	0.20	+0.97

Correlation

The correlation between CSU.TO and TOI.V is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CSU.TO vs. TOI.V - Dividend Comparison

CSU.TO's dividend yield for the trailing twelve months is around 0.23%, while TOI.V has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSU.TO Constellation Software Inc.	0.23%	0.17%	0.12%	0.16%	0.25%	0.21%	0.30%	2.53%	0.60%	0.68%	0.86%	0.90%
TOI.V Topicus.com Inc.	0.00%	0.00%	2.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

CSU.TO vs. TOI.V - Drawdown Comparison

The maximum CSU.TO drawdown since its inception was -56.38%, roughly equal to the maximum TOI.V drawdown of -57.00%. Use the drawdown chart below to compare losses from any high point for CSU.TO and TOI.V.

Drawdown Indicators

	CSU.TO	TOI.V	Difference
Max Drawdown Largest peak-to-trough decline	-56.38%	-57.00%	+0.62%
Max Drawdown (1Y) Largest decline over 1 year	-56.38%	-57.00%	+0.62%
Max Drawdown (5Y) Largest decline over 5 years	-56.38%	-57.00%	+0.62%
Max Drawdown (10Y) Largest decline over 10 years	-56.38%	—	—
Current Drawdown Current decline from peak	-52.80%	-52.78%	-0.02%
Average Drawdown Average peak-to-trough decline	-6.44%	-24.33%	+17.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.12%	29.32%	+0.80%

Volatility

CSU.TO vs. TOI.V - Volatility Comparison

Constellation Software Inc. (CSU.TO) has a higher volatility of 15.21% compared to Topicus.com Inc. (TOI.V) at 13.29%. This indicates that CSU.TO's price experiences larger fluctuations and is considered to be riskier than TOI.V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSU.TO	TOI.V	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.21%	13.29%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	30.67%	31.51%	-0.84%
Volatility (1Y) Calculated over the trailing 1-year period	38.82%	40.37%	-1.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.21%	39.18%	-11.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.74%	39.98%	-13.24%

Financials

CSU.TO vs. TOI.V - Profitability Comparison

The chart below illustrates the profitability comparison between Constellation Software Inc. and Topicus.com Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CSU.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Constellation Software Inc. reported a gross profit of 862.05M and revenue of 3.23B. Therefore, the gross margin over that period was 26.7%.

TOI.V - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Topicus.com Inc. reported a gross profit of 107.77M and revenue of 439.58M. Therefore, the gross margin over that period was 24.5%.

CSU.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Constellation Software Inc. reported an operating income of 556.42M and revenue of 3.23B, resulting in an operating margin of 17.3%.

TOI.V - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Topicus.com Inc. reported an operating income of 77.58M and revenue of 439.58M, resulting in an operating margin of 17.7%.

CSU.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Constellation Software Inc. reported a net income of 111.69M and revenue of 3.23B, resulting in a net margin of 3.5%.

TOI.V - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Topicus.com Inc. reported a net income of 49.60M and revenue of 439.58M, resulting in a net margin of 11.3%.