| Rank | Company | 2025 Revenue ($000) | 2024 Revenue ($000) | Revenue % Change |
|---|---|---|---|---|
| 1 | Polygon Family of Companies | 284,000 | 754,000 | -62.3 |
| 2 | Concert Properties | 330,000 | 525,000 | -37.1 |
| 3 | Teekay Tankers | 1,330,422c | 1,683,944c | -21 |
| 4 | Teekay Corporation | 1,327,239c | 1,671,668c | -20.6 |
| 5 | Westshore Terminals Investment Corp. | 323,004 | 404,729 | -20.2 |
| 6 | Canfor Pulp Products | 678,900 | 798,600 | -15 |
| 7 | International Petroleum Corp. | 958,734c | 1,092,803c | -12.3 |
| 8 | West Fraser Timber Co. | 7,634,784c | 8,457,145c | -9.7 |
| 9 | Otter Farm & Home Co-operative | 471,818 | 517,363 | -8.8 |
| 10 | Central 1 Credit Union | 276,765 | 302,921 | -8.6 |
c = converted from US$ at 1.3978 (2025) and 1.3698 (2024).
To complement our list of the biggest winners, here are the biggest revenue decliners on the 2026 Top 100 list.
Concert Properties
Revenue change: -37.1%
Net income: NP
Net income change: NA
At nearly the bottom of this year’s Top 100 list, in 99th place, is one of the province’s largest real estate development firms, Concert Properties, which tumbled 22 spots down from 2024. With revenue down 37 percent, it’s evident that it’s been a rough year for real estate developers. Stepping in after the passing of CEO Christine Bergeron earlier this year, newly minted president and CEO Catherine Roome says she’s committing to helping the company broaden its base of investors and partners.
Teekay Tankers
Revenue change: -21.0%
Net income: $490.9 million
Net income change: -11.2%
Teekay Corporation
Revenue change: -20.6%
Net income: $137.1 million
Net income change: -25.2%
Teekay Tankers and parent company Teekay Corporation both saw around a 20 percent revenue dive last year, as LNG tanker rates fluctuated and normalized from earlier record highs in 2023 and 2024. In its market update last fall, Teekay said it expected geopolitical events to have a “significant” impact on the market in 2026, particularly with regards to wars overseas and sanctions against Russia.
Canfor Pulp Products
Revenue change: -15.0%
Net income: -$146.7 million
Net income change: NA
In another case of markets shifting against a B.C. firm, Canfor Pulp Products took a big hit as global pulp markets dipped. Truly, a confluence of waves hit the shore to hurt Canfor Pulp in 2025, including elevated inventories around the world, faltering demand from China amid U.S. trade headaches and fibre supply constraints domestically to boot. This likely factored into parent Canfor Corp.’s decision to take over 100 percent of the company early in 2026.
International Petroleum Corp.
Revenue change: -12.3%
Net income: $40.5 million
Net Income change: -71.1%
While some B.C. resource producers surged on higher prices and new production, others were pulled back by sector-specific pressures. International Petroleum Corp., an oil and gas exploration and production company controlled by the Lundin family (of mining fame) with assets in Canada, Malaysia and France, was hit by weaker natural gas prices and production variability, squeezing margins in a cyclical energy market. Still, with the company continuing full steam on phase one of its new Blackrod oil project, and, ahead of expectations, they’re expecting a much better year to come.
West Fraser Timber Co.
Revenue change: -9.7%
Net income: -$1.3 billion
Net income change: NA [posted a bigger loss]
Though its rank on our Top 100 list stayed consistent at number 6, West Fraser Timber lost nearly a billion bucks in revenue last year and saw a 19,023-percent jump in its net loss for the year. CEO Sean McLaren says it faced a particularly challenging fourth quarter amid elevated duties and tariffs on softwood lumber. The company also announced the shuttering of its northern Alberta mill, citing significant weakening in demand for strand board, used in residential construction.
West Fraser Timber says it plans to indefinitely curtail work at its High Level mill in northern Alberta due to significant weakening in demand for oriented strand board (OSB) commonly used in home construction.https://t.co/nMxuNIQPGB
— Global Calgary (@GlobalCalgary) December 4, 2025
Otter Farm & Home Co-operative
Revenue change: -8.8
Net income: $5.0 million
Net income change: 318%
A retail co-operative in the Fraser Valley and the Interior serving over 80,000 members with everything from fuel to animal feed, Otter Farm & Home slid down the Top 100 list to 92 from 75. A revenue decrease of close to 9 percent reflects a number of downward pressures, from weaker fuel margins to rising operator costs. The company also sold an Okanagan feed mill as it seeks to streamline its feed division.
Western Forest Products
Revenue change: -7.3%
Net income ($000): -$82.4 million
Net income change: NA
A tough market and higher costs squeezed margins hard at Western Forest Products, amid sagging lumber demand in North America overall. Lower lumber and log shipments and higher export duty rates were a contributor to losses last year, too.
Interfor Corp.
Revenue change: -7.2%
Net income ($000): -$344.4 million
Net income change: NA
This is the third consecutive year that the Burnaby-based forest products company has landed on our revenue fallers list amid a sustained downturn in B.C. forestry. Weaker lumber market conditions and lower average selling prices were reflected in its financial forecast. Interfor was also hammered by new tariffs on softwood timber and lumber into the U.S.
Mercer International
Revenue change: -6.7%
Net income ($000): -$695.94 million
Net income change: NA
Heavily exposed to global pulp markets, and with prices for kraft pulp significantly down year-over-year due to softer demand, Mercer International had a tough go. Steep loses reflect the downside of a global pulp cycle, with CEO Juan Carlos Bueno telling stakeholders in their annual report that the challenging environment weighed on the company’s Peace River mill’s results as well.
