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← CockpitCompetitor Analysis › TCW.TO Trican Well Service Ltd.Open in the cockpit ↗

Trican Well Service Ltd.TCW.TOCompetitor analysis, valuation and peers

Canada · CAD·Industrials›Industrial Machinery
Momentum neutral 52
Mkt cap
$899M
US dollars, full cap
Free float
86%
of shares outstanding
$/day
$3.96M
20-day average traded
Fwd P/E
9.3×
forward earnings
ROIC−WACC
+10.2 pp
WACC 6.2%
Hurdle
-34 pp
Req g minus delivered
Next earnings
110 days
24 Feb 2027
Close · CADC$6.22
1D+3.1%
1W-11.0%
1M+1.3%
3M+3.7%
6M-9.7%
YTD+4.7%
1Y+17.6%
ATR %4.2%
52w lowhigh25.9% off high

What Trican Well Service does

Employees: 1,673

Trican Well Service at a glance

Size Trican Well Service (TCW.TO) is a Canada Industrials company (Industrial Machinery) with a market value of $899M, the 258th largest of 420 Canada companies the cockpit tracks. Shares closed at C$6.22 on 6 Nov 2026.

Performance Over six months the shares fell 9.7%, against -19.1% for the median peer and +5.2% for the Canada market (cap-weighted) — 5th highest of 19 in its peer set.

Growth Revenue grew 15.0% over the last twelve months (peer median +7.8%); the operating margin is 14.0% (peer median 6.3%).

Valuation It trades at 9.3× forward earnings against a peer median of 14.8× (2nd cheapest of 13).

Price implies For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is +23%, so the hurdle is -34 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 10.2 points above its cost of capital (6.2% WACC).

Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026TCW.TO 92Peer median 81
Six months, rebased to 100: Trican Well Service against the median of its 20 peers (local-currency closes).

Trican Well Service financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$1.21BC$1.10BC$981MC$973MC$866M
Revenue growth—+12%+1%+12%—
Gross profitC$212MC$213MC$186MC$198MC$147M
EBITDAC$276MC$254MC$220MC$235MC$189M
Net incomeC$108MC$112MC$109MC$121MC$79.2M
Free cash flowC$204MC$105MC$79.8MC$169MC$48.6M
Capital expenditureC$81.0MC$62.9MC$75.1MC$79.3MC$104M
Total debtC$101MC$116MC$20.0MC$18.1MC$42.4M

Quarterly statements and history in the cockpit →

Trican Well Service competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%-20%-10%0%+10%300470BANCOINDIA6005796498300091MTUGHM603890002510600605688556DYNAMATECH0022550020736420301070688577688155TCW.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Trican Well Service is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%+60%0×100×200×3004706498GHMDYNAMATECH0022550020737688688577688155TCW.TORevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Trican Well Service is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%300470BANCOINDIA6498MTU603890002510600605688556002255002073688155TCW.TOGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Trican Well Service is the large dot.

Trican Well Service competitors and peer comparison

How Trican Well Service compares with its peers

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.

Trican Well Service against its 20 peers (data as of 6 Nov 2026)
MeasureTCW.TOPeer medianRank in peer set
1-month return+1.3%-4.2%7th highest of 21
6-month return-9.7%-19.1%5th highest of 19
Distance from 52-week high-25.9%-38.6%5th highest of 21
Revenue growth (TTM)+15.0%+7.8%8th highest of 21
Operating margin14.0%6.3%4th highest of 21
Forward P/E9.3×14.8×2nd cheapest of 13
Growth the price implies (Req g, 7 yrs)-11.5%5.2%least demanding of 12
Growth delivered (Del g)+22.5%+12.2%3rd highest of 12
Hurdle (Req g minus delivered)-34.1 pp-5.2 pp2nd least demanding of 12
ROIC minus cost of capital+10.2 pp-2.7 pp2nd highest of 21
EV / EBITDA4.9×9.6×2nd cheapest of 7
Net debt / EBITDA0.3×0.7×3rd least indebted of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Trican Well Service TCW.TOCanada$899M-10%+15%14%9.3×-11.5%+22.5%
Sinoseal 300470.SZChina$903M-18%+1%20%14.9×-0.7%+13.9%
Banco Products (India) BANCOINDIA.NSIndia$905M-7%+22%14%n/a24.8%+20.6%
KraussMaffei 600579.SSChina$888M-15%-22%0%n/an/an/a
Kitz 6498.TJapan$915M-21%+8%8%10.1×4.3%+9.5%
Jin Tong Ling Technology 300091.SZChina$882M-36%-40%-72%n/an/an/a
Manitou BF MTU.PAFrance$882M-6%+8%6%8.6×-3.6%+10.1%
Graham GHMUnited States$916M-21%+21%7%44.8×n/an/a
Suzhou Chunqiu Electronic Technology 603890.SSChina$880M-38%+7%6%13.0×5.2%+4.2%
Tianjin Motor Dies 002510.SZChina$918M-10%+5%-1%n/a33.8%+12.2%
Shanghai Huitong Energy 600605.SSChina$878M-10%+13%14%n/a41.3%+2.9%
Qingdao Gaoce Technology 688556.SSChina$922M-45%+5%-17%n/a8.8%+37.4%
Shenzhen LDRobot 1236.HKHong Kong$876Mn/a+60%-11%n/an/an/a
Dynamatic Technologies DYNAMATECH.NSIndia$922M+3%+17%7%88.0×n/an/a
Suzhou Hailu Heavy Industry 002255.SZChina$875M-38%-19%16%11.9×-0.5%+2.8%
Mesnac 002073.SZChina$923M-11%+18%4%14.7×-3.2%+21.6%
Shanghai Top Numerical Control Technology 7688.HKHong Kong$873Mn/a+9%-53%231.6×n/an/a
Galilei 6420.TJapan$925M-3%+4%13%10.7×n/an/a
Kale Environment Technology (Shanghai) 301070.SZChina$872M-29%-9%0%n/an/an/a
Zhejiang Headman Machinery 688577.SSChina$864M-31%+35%6%60.2×n/an/a
Shanghai SK Automation Technology 688155.SSChina$936M-53%+56%15%17.6×5.3%+43.3%

Questions

Which companies are Trican Well Service's closest peers?
The cockpit's peer set: Sinoseal (300470.SZ), Banco Products (India) (BANCOINDIA.NS), KraussMaffei (600579.SS), Kitz (6498.T), Jin Tong Ling Technology (300091.SZ), Manitou BF (MTU.PA), Graham (GHM), Suzhou Chunqiu Electronic Technology (603890.SS).
Is Trican Well Service expensive compared with its peers?
On forward p/e it trades at 9.3× against a peer median of 14.8×, 2nd cheapest of 13 in its peer set. For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is +23%, so the hurdle is -34 pp: the price already allows for a slowdown.
How has Trican Well Service stock performed?
Over six months to 6 Nov 2026 the shares returned -9.7% against -19.1% for the median peer; over one year +17.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.