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Employees: 1,855
Size Calfrac Well Services (CFW.TO) is a Canada Energy company (Oilfield Services/Equipment) with a market value of $506M, the 339th largest of 420 Canada companies the cockpit tracks. Shares closed at C$7.02 on 6 Nov 2026.
Performance Over six months the shares gained 35.5%, against -29.2% for the median peer and +5.2% for the Canada market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue fell 14.9% over the last twelve months (peer median -2.4%); the operating margin is 6.3% (peer median 4.6%).
Valuation It trades at 7.2× forward earnings against a peer median of 14.3× (2nd cheapest of 13).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -25 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.1 points above its cost of capital (5.0% WACC).
Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$1.35B | C$1.39B | C$1.57B | C$1.86B | C$1.50B |
| Revenue growth | — | -11% | -16% | +24% | — |
| Gross profit | C$147M | C$151M | C$110M | C$268M | C$155M |
| EBITDA | C$207M | C$217M | C$192M | C$320M | C$223M |
| Net income | C$60.6M | C$30.3M | C$10.4M | C$191M | C$11.7M |
| Free cash flow | C$137M | C$70.6M | -C$56.7M | C$113M | C$27.7M |
| Capital expenditure | C$76.1M | C$129M | C$184M | C$169M | C$79.8M |
| Total debt | C$152M | C$222M | C$344M | C$275M | C$355M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CFW.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.8% | -11.0% | 4th highest of 21 |
| 6-month return | +35.5% | -29.2% | 2nd highest of 21 |
| Distance from 52-week high | -13.0% | -53.2% | 2nd highest of 21 |
| Revenue growth (TTM) | -14.9% | -2.4% | 4th lowest of 21 |
| Operating margin | 6.3% | 4.6% | 11th highest of 21 |
| Forward P/E | 7.2× | 14.3× | 2nd cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | -10.9% | 4.6% | least demanding of 11 |
| Growth delivered (Del g) | +14.5% | +8.9% | 3rd highest of 11 |
| Hurdle (Req g minus delivered) | -25.4 pp | -4.7 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +2.1 pp | -4.8 pp | 4th highest of 21 |
| EV / EBITDA | 4.1× | 9.3× | 2nd cheapest of 13 |
| Net debt / EBITDA | 0.7× | 1.2× | 5th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Calfrac Well Services CFW.TO | Canada | $506M | +36% | -15% | 6% | 7.2× | -10.9% | +14.5% |
| China Oil HBP Science & Technology 002554.SZ | China | $502M | -28% | -29% | -17% | n/a | n/a | n/a |
| Oil States International OIS | United States | $499M | -4% | -1% | 1% | 13.5× | 27.7% | +1.0% |
| HMH HMH | United States | $482M | -49% | -10% | 12% | 3.6× | -2.1% | +6.7% |
| ProFrac ACDC | United States | $547M | -55% | -16% | -11% | n/a | n/a | n/a |
| Nanjing Develop Advanced Manufacturing Co. Ltd. Class 1 688377.SS | China | $554M | -52% | 0% | 9% | 30.2× | 7.5% | +11.4% |
| Deep Industries DEEPINDS.NS | India | $433M | +38% | +41% | 12% | 12.5× | 25.4% | +35.7% |
| Dalipal 1921.HK | Hong Kong | $603M | -29% | +3% | 3% | 14.5× | n/a | n/a |
| SEAMEC SEAMECLTD.NS | India | $397M | -5% | +60% | 24% | 13.8× | n/a | n/a |
| Ashtead Technology AT..L | United Kingdom | $660M | +26% | +9% | 26% | 16.2× | -5.5% | +36.8% |
| Haimo Technologies 300084.SZ | China | $667M | -31% | -7% | -12% | n/a | n/a | n/a |
| Atlas Energy Solutions AESI | United States | $678M | -71% | -4% | -11% | n/a | n/a | n/a |
| Jiangsu Rutong Petro-Machinery 603036.SS | China | $373M | -29% | -3% | 25% | n/a | 5.7% | +8.7% |
| New JCM 300157.SZ | China | $371M | -44% | +77% | -8% | n/a | n/a | n/a |
| Shandong Molong Petroleum Machinery 0568.HK | Hong Kong | $698M | -48% | +58% | 0% | n/a | n/a | n/a |
| Toyo Engineering 6330.T | Japan | $711M | -16% | -31% | -10% | 14.2× | -2.1% | -0.1% |
| Hunting HTG.L | United Kingdom | $714M | -25% | -12% | 7% | 14.3× | 17.8% | +9.6% |
| Dezhou United Petroleum Technology 301158.SZ | China | $345M | -42% | -2% | 11% | n/a | n/a | n/a |
| Viridien VIRI.PA | France | $763M | -16% | -14% | 11% | 22.9× | -2.9% | +4.1% |
| ProPetro PUMP | United States | $785M | -59% | -6% | 0% | 35.1× | n/a | n/a |
| Forum Energy Technologies FET | United States | $800M | +30% | +11% | 7% | 12.9× | 3.5% | +9.1% |