Loading…
Canadian heavy-oil producer using thermal (SAGD) extraction methods in Alberta and Saskatchewan oil sands.
Canadian heavy-oil producer using thermal (SAGD) extraction methods in Alberta and Saskatchewan oil sands.
In one line: A Canadian heavy-oil/oil-sands producer.
Moat: narrow (installed base, scale). Established, capital-intensive thermal oil sands infrastructure that is costly and slow to replicate.
Headquarters: Calgary, Canada · Founded: 2017 · Employees: 797
Size Strathcona Resources (SCR.TO) is a Canada Energy company (Integrated Oil) with a market value of $5.56B, the 114th largest of 420 Canada companies the cockpit tracks. Shares closed at C$36.34 on 6 Nov 2026.
Performance Over six months the shares fell 13.6%, against -7.2% for the median peer and +5.2% for the Canada market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 8.6% over the last twelve months (peer median +12.2%); the operating margin is 26.0% (peer median 30.6%).
Valuation It trades at 6.5× forward earnings against a peer median of 9.7× (6th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +96%, so the hurdle is -98 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.7 points above its cost of capital (7.3% WACC).
Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$4.13B | C$3.77B | C$3.88B | C$4.24B | C$3.75B |
| Revenue growth | — | -3% | -8% | +13% | — |
| Gross profit | C$1.18B | C$1.02B | C$1.12B | C$1.09B | C$1.29B |
| EBITDA | C$1.67B | C$1.64B | C$1.92B | C$1.76B | C$1.62B |
| Net income | C$846M | C$911M | C$604M | C$587M | C$1.36B |
| Free cash flow | C$485M | C$252M | C$685M | C$498M | C$834M |
| Capital expenditure | C$966M | C$1.19B | C$1.30B | C$1.03B | C$621M |
| Total debt | C$2.01B | C$2.17B | C$2.81B | C$3.07B | C$3.30B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Strathcona Resources SCR.TO | $5.56B | -14% | -9% | 26% | 6.5× | -2.7% |
| Cenovus Energy CVE.TO | $50.2B | 0% | +12% | 21% | 6.7× | -14.4% |
| Canadian Natural Resources CNQ.TO | $101B | +12% | +18% | 27% | 10.3× | 2.8% |
| Suncor Energy SU.TO | $81.0B | +12% | +27% | 24% | 8.6× | -11.7% |
| Imperial Oil IMO.TO | $59.5B | +3% | +19% | 14% | 10.5× | -0.2% |
| Athabasca Oil ATH.TO | $3.92B | +1% | +3% | 31% | 13.7× | -5.3% |
| Baytex Energy BTE.TO | $2.95B | -11% | -8% | 15% | 7.5× | 4.7% |
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 | SCR.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.9% | -7.1% | 9th lowest of 21 |
| 6-month return | -13.6% | -7.2% | 5th lowest of 21 |
| Distance from 52-week high | -29.7% | -24.5% | 4th lowest of 21 |
| Revenue growth (TTM) | -8.6% | +12.2% | 4th lowest of 21 |
| Operating margin | 26.0% | 30.6% | 9th lowest of 21 |
| Forward P/E | 6.5× | 9.7× | 6th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -2.7% | -7.7% | 4th most demanding of 19 |
| Growth delivered (Del g) | +95.6% | +15.5% | highest of 19 |
| Hurdle (Req g minus delivered) | -98.2 pp | -24.7 pp | least demanding of 19 |
| ROIC minus cost of capital | +4.7 pp | +6.8 pp | 9th lowest of 21 |
| EV / EBITDA | 5.9× | 4.4× | 5th most expensive of 18 |
| Net debt / EBITDA | 1.2× | 0.5× | 7th most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Strathcona Resources SCR.TO | Canada | $5.56B | -14% | -9% | 26% | 6.5× | -2.7% | +95.6% |
| Ithaca Energy ITH.L | United Kingdom | $5.52B | -9% | +28% | 41% | 12.1× | -7.0% | +1.4% |
| Hess Midstream LP HESM | United States | $6.18B | -22% | -1% | 63% | 10.3× | -16.3% | +8.2% |
| Matador Resources MTDR | United States | $6.24B | -9% | +13% | 39% | 5.0× | n/a | n/a |
| CNOOC Energy Technology & Services 600968.SS | China | $6.25B | -7% | -1% | 9% | 9.7× | -14.2% | +8.7% |
| Guanghui Energy 600256.SS | China | $6.47B | 0% | -5% | 18% | 10.1× | -11.4% | +14.9% |
| Crescent Energy CRGY | United States | $4.74B | -10% | +34% | 30% | 4.1× | -9.4% | +36.5% |
| National Fuel Gas NFG | United States | $6.98B | -8% | +13% | 37% | 10.2× | -6.2% | +9.1% |
| SM Energy SM | United States | $7.12B | +2% | +100% | 38% | 3.5× | -13.6% | +22.9% |
| California Resources CRC | United States | $4.15B | -20% | +12% | 24% | 10.9× | -8.3% | +16.2% |
| Chord Energy CHRD | United States | $7.47B | 0% | +19% | 19% | 6.3× | -13.4% | +38.6% |
| Oil India OIL.NS | India | $7.60B | -2% | +20% | 29% | 7.7× | -1.1% | +13.7% |
| Shandong Xinchao Energy 600777.SS | China | $3.97B | -33% | -15% | 13% | n/a | -10.0% | +13.1% |
| Athabasca Oil ATH.TO | Canada | $3.92B | +1% | +3% | 31% | 13.7× | -5.3% | +23.4% |
| Tamarack Valley Energy TVE.TO | Canada | $3.83B | -7% | +11% | 48% | 10.7× | -5.6% | +46.8% |
| Peyto Exploration & Development PEY.TO | Canada | $3.54B | -5% | +26% | 40% | 12.6× | -2.1% | +22.8% |
| Paramount Resources POU.TO | Canada | $3.26B | +6% | -28% | 10% | 12.4× | n/a | n/a |
| Baytex Energy BTE.TO | Canada | $2.95B | -11% | -8% | 15% | 7.5× | 4.7% | +12.8% |
| Japan Petroleum Exploration 1662.T | Japan | $2.36B | -36% | -16% | 9% | 5.1× | -5.6% | +7.2% |
| Var Energi VAR.OL | Norway | $13.3B | +7% | +48% | 55% | 6.9× | -19.6% | +26.6% |
| Whitecap Resources WCP.TO | Canada | $14.4B | +6% | +73% | 38% | 8.8× | -7.1% | +44.8% |