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Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. The company offers hydraulic fracturing, coiled tubing, cementing, and wireline services for the oil and natural gas industries. Calfrac Well Services Ltd. was founded in 1999 and is headquartered in Calgary, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Calfrac Well Services Ltd. provides hydraulic fracturing, coiled tubing, cementing and related completion and intervention services to oil and gas producers in North America and Latin America. Long-term growth drivers include higher completion intensity, geographic diversification and efficiency gains, which could support revenue as producer activity recovers; investors may find the company attractive for exposure to oilfield services with established field operations.
Principal risks include cyclical demand tied to commodity prices, competitive and pricing pressure, capital intensity and leverage, and evolving environmental and regulatory requirements, which investors should monitor.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 65.95M | 5.05M | 201.63M | 24.28M | -108.35M |
| Net income | 30.27M | 10.38M | 190.67M | 35.30M | -82.81M |
| Selling general administrative | 61.40M | 64.82M | 63.11M | 62.20M | 45.60M |
| Gross profit | 151.25M | 110.49M | 268.13M | 154.61M | -18.62M |
| Reconciled depreciation | 124.79M | 135.89M | 118.50M | 122.23M | 127.92M |
| Ebit | 92.29M | 41.47M | 236.28M | 92.41M | -64.22M |
| Ebitda | 217.07M | 177.35M | 352.93M | 214.63M | 63.70M |
| Depreciation and amortization | 124.79M | 135.89M | 116.64M | 122.23M | 127.92M |
| Operating income | 92.29M | 45.66M | 207.51M | 92.41M | -64.22M |
| Other operating expenses | 1295.65M | 1521.82M | 1660.58M | 1406.81M | 1066.62M |
| Interest expense | 32.49M | 36.42M | 34.66M | 46.55M | 37.74M |
| Tax provision | 24.02M | -3.48M | -4.56M | -11.02M | -25.54M |
| Interest income | 3.08M | 5.21M | 4.96M | - | - |
| Net interest income | -29.41M | -31.21M | -38.04M | -46.55M | -37.74M |
| Extraordinary items | - | 1.85M | -6.90M | -23.63M | - |
| Income tax expense | 24.02M | -3.48M | 4.06M | -11.02M | -25.54M |
| Total revenue | 1387.93M | 1567.48M | 1864.28M | 1499.22M | 1002.39M |
| Total operating expenses | 58.96M | 64.82M | 60.61M | 62.20M | 45.60M |
| Cost of revenue | 1236.68M | 1456.99M | 1596.15M | 1344.61M | 1021.02M |
| Total other income expense net | -26.34M | -40.61M | -5.88M | -68.13M | -44.13M |
| Discontinued operations | - | - | - | -23.63M | 11.92M |
| Net income from continuing ops | 41.93M | 8.54M | 199.12M | 35.30M | -82.81M |
| Net income applicable to common shares | - | 10.38M | 190.67M | 11.68M | -82.81M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 1047.20M | 1234.84M | 1126.20M | 995.75M | 892.96M |
| Other current assets | 10.08M | - | 56.88M | 58.24M | 13.00M |
| Total liab | 382.92M | 581.51M | 510.29M | 572.78M | 564.12M |
| Total stockholder equity | 664.28M | 653.33M | 615.90M | 422.97M | 328.84M |
| Other current liab | 18.78M | 30.95M | 20.86M | 19.82M | 127.44M |
| Common stock | 946.65M | - | 910.91M | 865.06M | 801.18M |
| Capital stock | 946.65M | 911.78M | - | 865.06M | 801.18M |
| Retained earnings | -349.22M | -379.49M | -389.87M | -580.54M | -592.22M |
| Other liab | - | - | - | 26.45M | 26.29M |
| Other assets | - | - | 0.00M | 15.00M | - |
| Cash | 6.66M | 44.05M | 34.14M | 8.50M | -20.56M |
| Cash and equivalents | - | - | - | 8.50M | 0.00M |
| Total current liabilities | 201.42M | 374.15M | 208.40M | 203.70M | 136.80M |
| Net debt | 215.27M | 276.86M | 241.06M | 346.41M | 430.96M |
| Short term debt | 48.53M | - | 10.73M | 12.28M | 9.36M |
| Short long term debt | 40.00M | 150.00M | - | 2.53M | 1.35M |
| Short long term debt total | 221.94M | - | 275.20M | 354.91M | 410.39M |
| Other stockholder equity | 76.22M | - | 78.67M | 106.91M | 110.80M |
| Property plant equipment | - | - | - | 566.38M | 585.43M |
| Total current assets | 357.39M | 512.45M | 458.02M | 414.37M | 307.53M |
| Net tangible assets | - | - | - | 422.97M | 328.84M |
| Net receivables | 242.35M | 251.11M | 243.98M | 238.77M | 192.69M |
| Long term debt | 163.43M | 170.91M | - | 329.19M | 388.48M |
| Inventory | 98.29M | 145.51M | 123.02M | 108.87M | 101.84M |
| Accounts payable | 134.11M | 173.97M | 176.82M | 171.60M | 127.44M |
| Accumulated other comprehensive income | -9.38M | - | 16.20M | 31.55M | 9.08M |
| Non currrent assets other | - | - | -0.00M | - | - |
| Non current assets total | 689.81M | 722.39M | 668.18M | 581.38M | 585.43M |
| Capital lease obligations | 18.51M | 23.48M | - | 23.19M | 20.56M |
| Long term debt total | - | - | - | 342.63M | 401.04M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -169.65M | -136.84M | -74.33M | -61.29M |
| Change to liabilities | - | - | - | 55.66M | 16.93M |
| Total cashflows from investing activities | -124.63M | -169.65M | -144.77M | -74.33M | -61.29M |
| Net borrowings | -121.79M | 43.40M | -96.47M | -36.40M | 45.67M |
| Total cash from financing activities | -87.00M | 43.94M | -84.13M | -33.53M | 45.85M |
| Change to operating activities | - | - | - | -4.55M | 3.35M |
| Net income | 41.93M | 10.38M | 190.67M | 11.68M | -82.81M |
| Change in cash | -37.38M | 5.59M | 26.80M | 19.74M | -31.18M |
| Begin period cash flow | 44.05M | 45.19M | 18.39M | -1.35M | 29.83M |
| End period cash flow | 6.66M | 50.78M | 45.19M | 18.39M | -1.35M |
| Total cash from operating activities | 199.59M | 127.18M | 281.63M | 107.53M | -15.34M |
| Issuance of capital stock | - | - | - | - | 0.18M |
| Depreciation | 124.79M | 135.89M | 116.64M | 122.23M | 127.92M |
| Other cashflows from investing activities | -8.28M | 16.48M | 23.87M | 5.49M | 1.20M |
| Change to inventory | 38.72M | -34.25M | -17.65M | -47.83M | -18.72M |
| Change to account receivables | 17.84M | -18.32M | -9.57M | -81.15M | -50.35M |
| Sale purchase of stock | - | 0.54M | 12.34M | 2.87M | 0.18M |
| Other cashflows from financing activities | -9.92M | - | -11.22M | 35.63M | 59.55M |
| Change to netincome | - | - | - | 48.66M | -10.32M |
| Capital expenditures | 129.03M | 186.13M | 168.64M | 79.81M | 63.43M |
| Change in working capital | 35.58M | -42.77M | -40.88M | -75.03M | -50.12M |
| Stock based compensation | -0.86M | -1.17M | 5.76M | 2.78M | 2.27M |
| Other non cash items | -0.47M | 42.44M | 9.45M | 62.35M | 14.44M |
| Free cash flow | 70.56M | -58.95M | 113.00M | 27.72M | -78.77M |
Sector: Energy Industry: Oil & Gas Equipment & Services
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| CFW Calfrac Well Services Ltd. |
-0.60 8.21% |
6.71 | 10.86 | 10.42 | 0.38 | 0.79 | 0.53 | 3.31 |
| EFX Enerflex Ltd. |
-3.47 10.61% |
29.24 | 44.54 | 15.80 | 1.50 | 2.60 | 1.33 | 8.44 |
| CEU CES Energy Solutions Corp |
-1.50 7.33% |
18.95 | 19.15 | 17.92 | 1.48 | 4.60 | 1.67 | 10.57 |
| TVK Terravest Capital Inc |
-3.48 3.15% |
107.14 | 32.39 | 57.14 | 1.91 | 4.02 | 2.52 | 11.60 |
| TCW Trican Well Service Ltd. |
-0.25 3.88% |
6.20 | 11.28 | 10.49 | 1.23 | 1.92 | 1.31 | 5.99 |
Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. The company offers hydraulic fracturing, coiled tubing, cementing, and wireline services for the oil and natural gas industries. Calfrac Well Services Ltd. was founded in 1999 and is headquartered in Calgary, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Ronald P. Mathison B.Com., B.Comm (Hon), C.F.A., CPA, CA, CBV, CFA | Co-Founder & Chairman | 1957 |
| Mr. Douglas Robert Ramsay | Co-Founder & Independent Vice Chairman | 1956 |
| Mr. Lindsay Robert Link P.Eng. | Pres, COO & Director | 1961 |
| Mr. Michael D. Olinek | Chief Financial Officer | NA |
| Mr. James Michael Brown | VP of Technical Services | NA |
| Mr. Freddie Lynn Toney | VP of Exec. Sales | NA |
| Mr. Patrick G. Powell | CEO & Director | 1957 |
| Jeffrey Irwin Ellis | Gen. Counsel & Corp. Sec. | NA |
| Mr. Gordon Troy Milgate | Pres of Canadian Division | NA |
| Mr. Ronald P. Mathison B.Com., B.Comm (Hon), C.F.A., CPA, CA, CBV | Co-Founder & Chairman | 1957 |
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