Employees: 971
Size PHX Energy Services (PHX.TO) is a Canada Energy company (Contract Drilling) with a market value of $342M, the 402nd largest of 420 Canada companies the cockpit tracks. Shares closed at C$10.46 on 6 Nov 2026.
Performance Over six months the shares fell 9.2%, against -14.8% for the median peer and +5.2% for the Canada market (cap-weighted) — 5th highest of 9 in its peer set.
Growth Revenue grew 6.6% over the last twelve months (peer median +6.7%); the operating margin is 3.7% (peer median 14.5%).
Valuation It trades at 8.9× forward earnings against a peer median of 15.2× (2nd cheapest of 7).
Capital Return on invested capital runs 3.4 points below its cost of capital (10.3% WACC).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$751M | C$710M | C$660M | C$656M | C$536M |
| Revenue growth | — | +8% | +1% | +23% | — |
| Gross profit | C$111M | C$111M | C$124M | C$150M | C$110M |
| EBITDA | C$100M | C$101M | C$99.5M | C$118M | C$72.4M |
| Net income | C$48.0M | C$54.7M | C$54.6M | C$98.6M | C$43.8M |
| Free cash flow | -C$12.7M | C$863,000 | C$13.6M | C$31.8M | -C$36.4M |
| Capital expenditure | C$79.3M | C$77.0M | C$85.5M | C$65.6M | C$74.8M |
| Total debt | C$87.4M | C$66.9M | C$52.2M | C$44.8M | C$62.4M |
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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 | PHX.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.6% | -1.3% | 3rd lowest of 9 |
| 6-month return | -9.2% | -14.8% | 5th highest of 9 |
| Distance from 52-week high | -26.2% | -27.0% | 5th highest of 9 |
| Revenue growth (TTM) | +6.6% | +6.7% | 5th highest of 9 |
| Operating margin | 3.7% | 14.5% | 2nd lowest of 9 |
| Forward P/E | 8.9× | 15.2× | 2nd cheapest of 7 |
| ROIC minus cost of capital | -3.4 pp | -2.5 pp | 5th highest of 9 |
| EV / EBITDA | 5.5× | 6.8× | 5th cheapest of 9 |
| Net debt / EBITDA | 0.7× | 0.9× | 5th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PHX Energy Services PHX.TO | Canada | $342M | -9% | +7% | 4% | 8.9× | n/a | n/a |
| Akastor AKAST.OL | Norway | $316M | -31% | +67% | 34% | 9.9× | n/a | n/a |
| Ventura Offshore VTURA.OL | Norway | $371M | +3% | -2% | 34% | n/a | 3.6% | -2.5% |
| Ensign Energy Services ESI.TO | Canada | $517M | +6% | -1% | 1% | 34.7× | 41.1% | +11.8% |
| Sed Energy ENH.OL | Norway | $520M | -25% | +91% | 36% | 5.7× | -10.9% | +38.2% |
| Major Drilling Group International MDI.TO | Canada | $893M | -5% | +23% | 6% | 23.1× | 21.7% | +15.5% |
| Borr Drilling BORR | United States | $1,000M | -45% | +3% | 21% | n/a | n/a | n/a |
| Nabors Industries NBR | United States | $1.11B | -25% | +5% | 8% | 19.1× | 4.0% | +8.3% |
| Precision Drilling PD.TO | Canada | $1.16B | +6% | +8% | 7% | 11.4× | 11.6% | +14.5% |