Loading…
Canadian oil sands producer operating the Hangingstone thermal (SAGD) project in Alberta.
Canadian oil sands producer operating the Hangingstone thermal (SAGD) project in Alberta.
In one line: A single-asset oil sands thermal producer.
Moat: none. Single-asset commodity oil sands producer without a structural cost or scale advantage over larger integrated operators.
Headquarters: Calgary, Canada · Founded: 2008 · Employees: 227
Size Greenfire Resources (GFR.TO) is a Canada Energy company (Integrated Oil) with a market value of $1.36B, the 215th largest of 420 Canada companies the cockpit tracks. Shares closed at C$7.93 on 6 Nov 2026.
Performance Over six months the shares gained 2.9%, against -18.1% for the median peer and +5.2% for the Canada market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue fell 1.8% over the last twelve months (peer median +23.2%); the operating margin is 16.7% (peer median 21.5%).
Valuation It trades at 3.1× enterprise value to sales against a peer median of 2.2× (8th most expensive of 20).
Capital Return on invested capital runs 1.3 points above its cost of capital (5.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$622M | C$574M | C$773M | C$641M | C$988M |
| Revenue growth | — | -26% | +21% | -35% | — |
| Gross profit | C$125M | C$83.6M | C$124M | C$69.0M | C$293M |
| EBITDA | C$191M | C$143M | C$181M | C$115M | C$353M |
| Net income | -C$38.6M | C$46.7M | C$128M | -C$133M | C$137M |
| Free cash flow | -C$61.7M | C$24.3M | C$60.0M | C$52.2M | C$130M |
| Capital expenditure | C$186M | C$110M | C$91.8M | C$32.8M | C$41.2M |
| Total debt | C$32.2M | C$6.12M | C$338M | C$392M | C$255M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Greenfire Resources GFR.TO | $1.36B | +3% | -2% | 17% | 3.1× | n/a |
| Athabasca Oil ATH.TO | $3.92B | +1% | +3% | 31% | 4.0× | -5.3% |
| Cenovus Energy CVE.TO | $50.2B | 0% | +12% | 21% | 1.4× | -14.4% |
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 | GFR.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.9% | -11.3% | 11th highest of 21 |
| 6-month return | +2.9% | -18.1% | 5th highest of 21 |
| Distance from 52-week high | -20.4% | -38.5% | 5th highest of 21 |
| Revenue growth (TTM) | -1.8% | +23.2% | 5th lowest of 20 |
| Operating margin | 16.7% | 21.5% | 8th lowest of 20 |
| EV / Sales | 3.1× | 2.2× | 8th most expensive of 20 |
| ROIC minus cost of capital | +1.3 pp | +2.0 pp | 10th lowest of 21 |
| EV / EBITDA | 10.1× | 4.6× | 3rd most expensive of 15 |
| Net debt / EBITDA | 0.1× | 1.1× | 5th least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Greenfire Resources GFR.TO | Canada | $1.36B | +3% | -2% | 17% | 3.1× | n/a | n/a |
| Geo-Jade Petroleum 600759.SS | China | $1.33B | -54% | +42% | 30% | 4.1× | -0.7% | +2.8% |
| Birchcliff Energy BIR.TO | Canada | $1.29B | +3% | +10% | 20% | 3.3× | 1.9% | +5.8% |
| United Energy 0467.HK | Hong Kong | $1.44B | -10% | +28% | 14% | 0.5× | n/a | n/a |
| Kelt Exploration KEL.TO | Canada | $1.45B | +4% | +30% | 17% | 3.8× | n/a | n/a |
| Kosmos Energy KOS | United States | $1.26B | -23% | +23% | 23% | 2.2× | -6.4% | +9.9% |
| Mach Natural Resources LP MNR | United States | $1.50B | -35% | +39% | 22% | 1.9× | -10.0% | +2.9% |
| Totalenergies EP Gabon EC.PA | France | $1.14B | -5% | -13% | 25% | 1.8× | -10.7% | -0.6% |
| Sino Prima Gas Technology 300483.SZ | China | $1.11B | -15% | +40% | 24% | 2.5× | -8.7% | +13.3% |
| Sino Geophysical 300191.SZ | China | $1.10B | -47% | +136% | 14% | 6.9× | n/a | n/a |
| Senton Energy 001331.SZ | China | $1.75B | -24% | -24% | -1% | 2.2× | n/a | n/a |
| Tamboran Resources TBN | United States | $1.01B | -19% | n/a | n/a | n/a | n/a | n/a |
| Shanxi Blue Flame 000968.SZ | China | $961M | -28% | -1% | 14% | 4.0× | -6.8% | +7.9% |
| BKV BKV | United States | $1.92B | -37% | +84% | -1% | 2.2× | n/a | n/a |
| Headwater Exploration HWX.TO | Canada | $1.95B | -10% | +13% | 44% | 4.5× | 3.0% | +125.4% |
| Saturn Oil & Gas SOIL.TO | Canada | $941M | +13% | +6% | 28% | 2.2× | -13.8% | +161.8% |
| Riley Exploration Permian REPX | United States | $913M | +24% | +23% | 39% | 2.4× | -7.1% | +164.3% |
| DNO DNO.OL | Norway | $2.13B | +6% | +128% | 48% | 0.9× | n/a | n/a |
| China Risun 1907.HK | Hong Kong | $841M | -45% | -2% | 3% | 1.1× | n/a | n/a |
| Infinity Natural Resources INR | United States | $811M | -17% | +75% | 44% | 4.5× | n/a | n/a |
| Japan Petroleum Exploration 1662.T | Japan | $2.36B | -36% | -16% | 9% | 1.1× | -5.6% | +7.2% |