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Home CompaniesPason Systems Inc.

Pason Systems Inc.

Energy Oil & Gas Equipment & Services
PortfolioPortfolio WatchlistWatchlist
Company price
13.56 CAD -0.33 ( 2.38%)
Last update at 2026-11-04T18:47:00Z
VOLUME
182286
Market Cap
983.06M
P/E
18.62

Momentum Score

…

Pason Systems Inc., together with its subsidiaries, provides instrumentation and data management systems for oil and gas drilling in Canada, the United States, and internationally. The company offers AutoDriller, which delivers smooth payout to maximized rate of penetration and bit life; Communications, a suite of IT solutions that ensures effective collaboration between rig and office; DAS, an automation software delivering faster drilling and reduced wear; DataHub with Pason Live, a cloud service hosting customer well information along with a suite of real-time viewing applications; and DataLink, which connects the drilling data to the real time centres and third party. It also offers Electronic Choke Actuator, which remotely controls the choke valve from the doghouse, rig floor, or other locations on site; Electronic Drilling Recorder, a network of sensors, software, and displays providing real-time drilling data to rig site personnel; Gas Analyzer, which detects changes in relative volume of gases; Hazardous Gas Alarm System, a system that detects the presence of hazardous gases providing visible and audible alerts; Mud Analyzer, an automated rheology measurement in real-time; Pit Volume Totalizer, which measures tank volumes and flow rates from the mud system; and Toolface Control, a directional automation software. In addition, the company provides phone, chat, field, proactive monitoring, and drilling optimization support services, as well as office support services for data integration. It serves drilling contractors and other oilfield service companies, as well as solar power and energy storage industry. Pason Systems Inc. was founded in 1978 and is headquartered in Calgary, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
13.43
Low
14.18
High
52 Week Price Range
10.30
Low
13.74
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Pason Systems provides electronic measurement, data management, telemetry systems and related software services to oil and gas drilling operations worldwide, enabling real-time rig monitoring and drilling optimization. Long-term growth may be supported by higher drilling activity, broader adoption of digital drilling tools and international expansion, and the company's large installed base appears positioned to produce steady service-based cash flows.

Key investment risks include exposure to the cyclicality of upstream oil and gas activity and commodity prices, potential competitive and technological obsolescence, and regulatory or transition risks as customers shift capital toward lower‑carbon energy alternatives.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
13.89
Dividend Yield
4.12%
Revenue TTM
419.27M
Revenue Per Share
5.34
Gross Profit TTM
246.41M
Debt / Equity
0.11
ROE
10.66%
Net Debt
-23.13M
ROCE
16.64%
Diluted EPS TTM
0.68

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

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 71.32M 143.37M 130.17M 139.13M 43.66M
Minority interest 1.55M 1.79M 1.71M 1.89M 1.92M
Net income 53.15M 121.50M 97.54M 107.62M 33.84M
Selling general administrative 49.11M 52.49M 16.42M 15.23M 24.70M
Selling and marketing expenses - - 11.72M - -
Gross profit 187.55M 361.95M 203.67M 191.72M 93.33M
Reconciled depreciation 58.86M 52.18M 27.22M 20.84M 25.69M
Ebit 84.04M 97.76M 134.28M 115.89M 42.99M
Ebitda 142.90M 149.94M 161.50M 136.73M 68.68M
Depreciation and amortization 58.86M 52.18M 27.22M 20.84M 25.69M
Operating income 84.04M 97.76M 160.55M 115.89M 42.99M
Other operating expenses 335.22M 316.38M 208.76M 211.27M 162.07M
Interest expense - - - 4.94M 1.53M
Tax provision 19.72M 23.66M 34.35M 33.41M 11.74M
Interest income - 52.21M 5.55M 12.49M 1.00M
Net interest income 0.49M 2.81M 14.39M 4.94M -1.53M
Income tax expense 19.72M 23.66M 34.35M 33.41M 11.74M
Total revenue 419.27M 414.13M 369.31M 335.00M 206.69M
Total operating expenses 103.51M 264.20M 69.39M 68.00M 48.71M
Cost of revenue 231.71M 52.18M 165.64M 143.28M 113.36M
Total other income expense net -12.72M 45.61M -30.38M 23.24M 0.67M
Net income from continuing ops 51.60M 119.71M 95.83M 105.73M 31.93M
Net income applicable to common shares - 121.50M 97.54M 107.62M 33.84M
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 596.95M 614.61M 487.88M 469.93M 379.94M
Intangible assets 45.06M 51.27M 5.85M 6.29M 8.45M
Other current assets 8.46M - 11.59M 10.92M 5.20M
Total liab 124.83M 118.94M 86.92M 88.97M 72.16M
Total stockholder equity 482.24M 504.41M 408.06M 386.48M 311.48M
Deferred long term liab - - - 4.02M 4.55M
Other current liab 49.33M 5.29M 6.17M 48.34M 32.08M
Common stock 165.13M - 163.29M 164.14M 162.57M
Capital stock 165.13M 167.80M 163.29M 164.14M 162.57M
Retained earnings 240.05M 247.47M 172.88M 137.92M 72.60M
Other liab - - - 14.38M 24.14M
Good will 159.05M 160.86M 32.69M 33.32M 32.62M
Other assets - - - 4.02M 4.55M
Cash 75.70M 77.20M 171.77M 132.06M 158.28M
Cash and equivalents - - - 54.49M 37.57M
Total current liabilities 91.80M 84.10M 55.32M 70.88M 42.48M
Current deferred revenue 12.30M - 33.75M - -
Net debt -23.13M - -158.78M -126.53M -150.95M
Short term debt 2.48M - 1.15M 1.82M 1.79M
Short long term debt total 52.58M - 12.99M 5.53M 7.33M
Other stockholder equity - - 37.10M 35.31M 34.38M
Property plant equipment - - - 97.69M 82.27M
Total current assets 182.22M 204.69M 267.88M 284.78M 226.56M
Long term investments 3.29M 2.98M 60.33M 47.84M 30.05M
Net tangible assets - - - 350.88M 274.96M
Short term investments 1.43M 3.58M 0.00M 40.38M -
Net receivables 77.25M 88.93M 66.66M 85.78M 63.09M
Inventory 19.37M 20.78M 17.87M 15.64M -
Accounts payable 27.69M 19.31M 14.25M 20.72M 8.61M
Accumulated other comprehensive income 77.06M - 34.79M 49.11M 41.92M
Non currrent assets other - - 4.34M - -
Non current assets total 414.74M 409.93M 220.00M 185.15M 153.38M
Capital lease obligations 27.53M 15.42M 12.99M 5.53M 7.33M
Long term debt total - - - 3.71M 5.54M
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 1.89M -155.58M -13.06M -92.23M -17.13M
Change to liabilities - - - 11.73M 11.22M
Total cashflows from investing activities -52.45M -155.58M -13.06M -92.23M -27.08M
Net borrowings -2.28M -16.68M -2.27M -1.82M -2.19M
Total cash from financing activities -63.80M -63.37M -65.82M -42.06M -27.05M
Change to operating activities - - - -4.88M -0.91M
Net income 53.15M 119.71M 95.83M 105.73M 31.93M
Change in cash -1.49M -94.58M 39.72M -26.23M 9.00M
Begin period cash flow 77.20M 171.77M 132.06M 158.28M 149.28M
End period cash flow 75.70M 77.20M 171.77M 132.06M 158.28M
Total cash from operating activities 117.68M 123.19M 135.03M 104.41M 65.06M
Issuance of capital stock - - - - 0.15M
Depreciation 58.86M 52.18M 27.22M 20.84M 25.69M
Other cashflows from investing activities -0.20M -13.09M 18.35M -57.73M -0.84M
Dividends paid 40.73M -41.36M -38.53M 29.47M 16.57M
Change to inventory 1.41M -2.92M -2.23M -10.92M -10.92M
Change to account receivables 13.91M -18.28M 18.15M -35.37M -22.66M
Sale purchase of stock -22.00M -10.00M -27.94M -13.79M -8.43M
Other cashflows from financing activities -2.28M 4.67M 2.93M 3.02M -27.08M
Change to netincome - - - -25.71M 1.62M
Capital expenditures 51.77M 71.93M 40.91M 34.50M 10.92M
Change in working capital 45.84M 12.58M 6.97M 1.67M 4.34M
Stock based compensation 9.91M 10.90M 11.72M 15.23M 11.52M
Other non cash items -23.46M -68.13M -11.92M -39.95M -6.28M
Free cash flow 65.91M 51.26M 94.12M 69.91M 54.14M

Peer Comparison*

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)
PSI
Pason Systems Inc.		 -0.33
2.38%		 13.56 18.62 15.02 2.34 2.03 2.22 6.51
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

Profile*

Pason Systems Inc.

Pason Systems Inc., together with its subsidiaries, provides instrumentation and data management systems for oil and gas drilling in Canada, the United States, and internationally. The company offers AutoDriller, which delivers smooth payout to maximized rate of penetration and bit life; Communications, a suite of IT solutions that ensures effective collaboration between rig and office; DAS, an automation software delivering faster drilling and reduced wear; DataHub with Pason Live, a cloud service hosting customer well information along with a suite of real-time viewing applications; and DataLink, which connects the drilling data to the real time centres and third party. It also offers Electronic Choke Actuator, which remotely controls the choke valve from the doghouse, rig floor, or other locations on site; Electronic Drilling Recorder, a network of sensors, software, and displays providing real-time drilling data to rig site personnel; Gas Analyzer, which detects changes in relative volume of gases; Hazardous Gas Alarm System, a system that detects the presence of hazardous gases providing visible and audible alerts; Mud Analyzer, an automated rheology measurement in real-time; Pit Volume Totalizer, which measures tank volumes and flow rates from the mud system; and Toolface Control, a directional automation software. In addition, the company provides phone, chat, field, proactive monitoring, and drilling optimization support services, as well as office support services for data integration. It serves drilling contractors and other oilfield service companies, as well as solar power and energy storage industry. Pason Systems Inc. was founded in 1978 and is headquartered in Calgary, Canada.

6130 Third Street SE, Calgary, AB, Canada, T2H 1K4

403-301-3400

https://www.pason.com

Name Title Year Born
Mr. Jon Faber C.F.A., CPA, CBV, CFA Pres, CEO & Non-Independent Director 1979
Ms. Celine Boston Chief Financial Officer NA
Mr. Bryce McLean VP of Operations NA
Mr. Lars Olesen VP of Product & Technology NA
Ms. Natalie Fenez VP of Legal & Corp. Sec. NA
Ms. Heather Hantos VP of HR NA
Mr. Timur Kuru Pres & GM of United States 1975
Mr. Reid Cameron Wuntke Pres of Energy Toolbase Software, Inc. NA
Mr. Ben Thomas Director of Support Services - United States Bus. Unit NA
Mr. Jon Faber C.F.A., CPA, CBV President, CEO & Non-Independent Director 1979

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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