NYSE : EFXT
Enerflex Ltd. — Financial statements
Energy · Oil & Gas Equipment & Services · Canada
Last price 23.63 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.89B
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Financial statements
Enerflex Ltd. (EFXT) reported revenue of 2.42B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.42B | 2.57B | 2.41B | 2.34B | 1.31B | 758.72M |
| Cost of Revenue | 1.85B | 1.99B | 1.91B | 1.89B | 1.08B | 598.93M |
| Gross Profit | 570.00M | 585.00M | 505.00M | 457.00M | 238.44M | 159.80M |
| Selling, General & Admin | 283.00M | 246.00M | 278.00M | 255.00M | 196.40M | 108.50M |
| Amortization of Goodwill & Intangibles | 9.00M | 9.00M | 21.00M | 23.00M | 6.97M | 5.31M |
| Operating Expenses | 300.00M | 272.00M | 327.00M | 293.00M | 208.54M | 116.90M |
| Operating Income | 270.00M | 313.00M | 178.00M | 164.00M | 29.90M | 42.90M |
| Interest Expense | -51.00M | -82.00M | -103.00M | -118.00M | -36.51M | -16.03M |
| Interest & Investment Income | 4.00M | 4.00M | 5.00M | 24.00M | 7.75M | 2.60M |
| Earnings From Equity Investments | 1.00M | -3.00M | 2.00M | 3.49M | 530.23K | |
| Currency Exchange Gain (Loss) | -2.00M | -4.00M | -4.00M | -43.00M | -28.23M | |
| Other Non Operating Income (Expenses) | -5.00M | -4.00M | -11.00M | -14.00M | ||
| EBT Excluding Unusual Items | 217.00M | 224.00M | 65.00M | 15.00M | -23.59M | 30.00M |
| Merger & Restructuring Charges | -7.00M | |||||
| Impairment of Goodwill | -65.00M | -35.47M | ||||
| Gain (Loss) on Sale of Assets | 6.00M | 1.00M | -2.00M | 147.03K | 106.68K | |
| Asset Writedown | -1.00M | -3.00M | -1.00M | |||
| Other Unusual Items | -52.00M | -59.00M | 17.00M | |||
| Pretax Income | 163.00M | 163.00M | 81.00M | -52.00M | -58.91M | 30.11M |
| Income Tax Expense | 92.00M | 99.00M | 49.00M | 31.00M | 15.67M | 44.69M |
| Earnings From Continuing Operations | 71.00M | 64.00M | 32.00M | -83.00M | -74.58M | -14.58M |
| Net Income to Company | 71.00M | 64.00M | 32.00M | -83.00M | -74.58M | -14.58M |
| Net Income | 71.00M | 64.00M | 32.00M | -83.00M | -74.58M | -14.58M |
| Net Income to Common | 71.00M | 64.00M | 32.00M | -83.00M | -74.58M | -14.58M |
| Shares Outstanding (Basic) | 121.97M | 122.87M | 124.02M | 123.83M | 97.05M | 89.68M |
| Shares Outstanding (Diluted) | 122.13M | 123.06M | 124.16M | 123.83M | 97.05M | 89.68M |
| EPS (Basic) | 0.58 | 0.52 | 0.26 | -0.67 | -0.77 | -0.16 |
| EPS (Diluted) | 0.58 | 0.52 | 0.26 | -0.67 | -0.77 | -0.17 |
| Free Cash Flow | 302.00M | 230.00M | 249.00M | 100.00M | -70.98M | 119.21M |
| Free Cash Flow Per Share | 2.47 | 1.87 | 2.00 | 0.81 | -0.73 | 1.33 |
| Dividend Per Share | 0.12 | 0.12 | 0.09 | 0.08 | 0.07 | 0.07 |
| Gross Margin | 23.59% | 22.75% | 20.92% | 19.50% | 18.15% | 21.06% |
| Operating Margin | 11.18% | 12.17% | 7.37% | 7.00% | 2.28% | 5.65% |
| Profit Margin | 2.94% | 2.49% | 1.33% | -3.54% | -5.68% | -1.92% |
| Free Cash Flow Margin | 12.50% | 8.95% | 10.32% | 4.27% | -5.40% | 15.71% |
| EBITDA | 379.00M | 431.00M | 324.00M | 325.00M | 108.39M | 98.62M |
| EBITDA Margin | 15.69% | 16.76% | 13.42% | 13.87% | 8.25% | 13.00% |
| D&A For EBITDA | 109.00M | 118.00M | 146.00M | 161.00M | 78.49M | 55.72M |
| EBIT | 270.00M | 313.00M | 178.00M | 164.00M | 29.90M | 42.90M |
| EBIT Margin | 11.18% | 12.17% | 7.37% | 7.00% | 2.28% | 5.65% |
| Effective Tax Rate | 56.44% | 60.74% | 60.49% | 148.44% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 227.00M | 81.00M | 92.00M | 95.00M | 187.51M | 136.51M |
| Short-Term Investments | 11.00M | |||||
| Cash & Short-Term Investments | 227.00M | 81.00M | 92.00M | 106.00M | 187.51M | 136.51M |
| Accounts Receivable | 570.00M | 551.00M | 630.00M | 608.00M | 545.63M | 266.82M |
| Other Receivables | 30.00M | 27.00M | 12.00M | 10.00M | 11.85M | 9.84M |
| Receivables | 600.00M | 578.00M | 642.00M | 618.00M | 557.48M | 276.66M |
| Inventory | 348.00M | 280.00M | 258.00M | 294.00M | 272.86M | 136.46M |
| Prepaid Expenses | 91.00M | 52.00M | 49.00M | 58.00M | 52.75M | 10.95M |
| Other Current Assets | 3.00M | 1.00M | 7.00M | 665.72K | 232.32K | |
| Total Current Assets | 1.27B | 992.00M | 1.04B | 1.08B | 1.07B | 560.82M |
| Property, Plant & Equipment | 860.00M | 849.00M | 867.00M | 1.03B | 1.08B | 597.89M |
| Long-Term Investments | 25.00M | 26.00M | 28.00M | 25.84M | 21.39M | |
| Goodwill | 414.00M | 430.00M | 422.00M | 433.00M | 498.29M | 447.47M |
| Other Intangible Assets | 24.00M | 29.00M | 37.00M | 55.00M | 75.94M | 8.00M |
| Long-Term Accounts Receivable | 150.00M | 342.00M | 352.00M | 296.00M | 338.15M | 69.63M |
| Long-Term Deferred Tax Assets | 22.00M | 21.00M | 24.00M | 21.00M | 16.15M | 7.34M |
| Other Long-Term Assets | 197.00M | 6.00M | 22.00M | 12.00M | 35.54M | 19.16M |
| Total Assets | 2.94B | 2.69B | 2.79B | 2.96B | 3.15B | 1.73B |
| Accounts Payable | 381.00M | 384.00M | 395.00M | 416.00M | 451.83M | 185.08M |
| Accrued Expenses | 16.00M | 12.00M | 15.00M | 6.00M | 9.96M | 3.39M |
| Current Portion of Long-Term Debt | 40.00M | 20.01M | ||||
| Current Portion of Leases | 23.00M | 22.00M | 22.00M | 19.00M | 14.87M | 10.99M |
| Current Income Taxes Payable | 77.00M | 80.00M | 79.00M | 56.00M | 54.74M | 7.36M |
| Current Unearned Revenue | 508.00M | 355.00M | 375.00M | 297.00M | 270.49M | 66.86M |
| Other Current Liabilities | 26.00M | 26.00M | 25.00M | 34.00M | 16.92M | 7.16M |
| Total Current Liabilities | 1.03B | 879.00M | 911.00M | 868.00M | 838.82M | 280.84M |
| Long-Term Debt | 539.00M | 582.00M | 708.00M | 879.00M | 1.01B | 261.89M |
| Long-Term Leases | 45.00M | 50.00M | 47.00M | 57.00M | 53.87M | 34.06M |
| Long-Term Unearned Revenue | 14.00M | 13.00M | 11.00M | 22.00M | 24.70M | |
| Long-Term Deferred Tax Liabilities | 54.00M | 51.00M | 48.00M | 65.00M | 65.43M | 72.68M |
| Other Long-Term Liabilities | 34.00M | 26.00M | 17.00M | 13.00M | 16.08M | 12.47M |
| Total Liabilities | 1.72B | 1.60B | 1.74B | 1.90B | 2.01B | 661.95M |
| Common Stock | 501.00M | 498.00M | 505.00M | 504.00M | 435.80M | 296.74M |
| Additional Paid-In Capital | 663.00M | 664.00M | 678.00M | 678.00M | 487.71M | 520.44M |
| Retained Earnings | 247.00M | 130.00M | 80.00M | 58.00M | 121.32M | 217.28M |
| Comprehensive Income & Other | -192.00M | -199.00M | -214.00M | -186.00M | 95.17M | 35.29M |
| Total Common Equity | 1.22B | 1.09B | 1.05B | 1.05B | 1.14B | 1.07B |
| Shareholders' Equity | 1.22B | 1.09B | 1.05B | 1.05B | 1.14B | 1.07B |
| Total Liabilities & Equity | 2.94B | 2.69B | 2.79B | 2.96B | 3.15B | 1.73B |
| Total Debt | 607.00M | 654.00M | 777.00M | 995.00M | 1.10B | 306.95M |
| Net Cash (Debt) | -380.00M | -573.00M | -685.00M | -889.00M | -908.50M | -170.43M |
| Net Cash Per Share | -3.11 | -4.66 | -5.52 | -7.18 | -9.36 | -1.90 |
| Filing Date Shares Outstanding | 122.10M | 121.80M | 124.14M | 123.96M | 123.74M | 89.68M |
| Total Common Shares Outstanding | 122.10M | 121.80M | 124.14M | 123.96M | 123.74M | 89.68M |
| Working Capital | 238.00M | 113.00M | 130.00M | 215.00M | 232.45M | 279.98M |
| Book Value Per Share | 9.98 | 8.97 | 8.45 | 8.50 | 9.21 | 11.93 |
| Tangible Book Value | 781.00M | 634.00M | 590.00M | 566.00M | 565.78M | 614.28M |
| Tangible Book Value Per Share | 6.40 | 5.21 | 4.75 | 4.57 | 4.57 | 6.85 |
| Land | 18.00M | 17.00M | 17.00M | 17.41M | 14.55M | |
| Buildings | 111.00M | 102.00M | 104.00M | 111.86M | 90.10M | |
| Machinery | 69.00M | 63.00M | 62.00M | 67.01M | 50.96M | |
| Construction In Progress | 3.00M | 5.00M | 7.00M | 3.39M | 2.42M | |
| Order Backlog | 2.43B | 2.83B | 2.83B | 1.11B | 440.58M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 71.00M | 64.00M | 32.00M | -83.00M | -74.58M | -14.58M |
| Depreciation & Amortization | 130.00M | 139.00M | 165.00M | 178.00M | 90.17M | 66.66M |
| Other Amortization | 22.00M | 22.00M | 20.00M | 20.00M | 4.61M | 2.58M |
| Loss (Gain) From Sale of Assets | -6.00M | -1.00M | 2.00M | -147.03K | -106.68K | |
| Asset Writedown & Restructuring Costs | 1.00M | 3.00M | 1.00M | 66.00M | 36.38M | 424.34K |
| Loss (Gain) on Equity Investments | -1.00M | 3.00M | -2.00M | -3.49M | -530.23K | |
| Stock-Based Compensation | 58.00M | 26.00M | 29.00M | 6.00M | 11.94M | 10.22M |
| Other Operating Activities | 63.00M | 70.00M | -29.00M | 6.00M | 2.41M | 34.31M |
| Change in Accounts Receivable | 69.00M | 49.00M | -28.00M | -67.00M | -75.39M | -11.75M |
| Change in Inventory | -37.00M | 15.00M | 1.00M | 10.00M | -62.44M | 2.68M |
| Change in Accounts Payable | -96.00M | -22.00M | -7.00M | -21.00M | 57.54M | 39.91M |
| Change in Unearned Revenue | 161.00M | -18.00M | 74.00M | 24.00M | 132.62M | 38.88M |
| Change in Income Taxes | 24.00M | -7.00M | 23.00M | 6.00M | -5.87M | 19.69M |
| Change in Other Net Operating Assets | -12.00M | 2.00M | 43.00M | 61.00M | -99.16M | -23.88M |
| Operating Cash Flow | 447.00M | 345.00M | 324.00M | 206.00M | 14.61M | 164.52M |
| Capital Expenditures | -145.00M | -115.00M | -75.00M | -106.00M | -85.59M | -45.31M |
| Sale of Property, Plant & Equipment | 12.00M | 23.00M | 3.00M | 30.00M | 12.06M | 3.86M |
| Cash Acquisitions | 98.43M | |||||
| Sale (Purchase) of Intangibles | -2.00M | -5.00M | ||||
| Investment in Securities | -2.11M | -102.73K | ||||
| Other Investing Activities | -4.00M | -11.00M | 15.00M | -38.00M | 9.16M | 2.94M |
| Investing Cash Flow | -92.00M | -103.00M | -59.00M | -119.00M | 31.95M | -38.61M |
| Long-Term Debt Issued | 400.00M | 1.09B | 29.17M | |||
| Long-Term Debt Repaid | -602.00M | -253.00M | -137.00M | -1.03B | -85.43M | |
| Lease Payments | -24.00M | -23.00M | -20.00M | -15.00M | -11.64M | -11.23M |
| Net Debt Issued (Repaid) | -168.00M | -202.00M | -253.00M | -137.00M | 55.57M | -56.25M |
| Issuance of Common Stock | 2.00M | 2.00M | 1.00M | 1.00M | 192.11K | |
| Repurchase of Common Stock | -1.00M | -23.00M | ||||
| Common Dividends Paid | -15.00M | -17.00M | -9.00M | -9.00M | -6.63M | -5.67M |
| Other Financing Activities | -9.00M | -10.00M | -2.00M | -4.00M | -40.38M | -1.66M |
| Financing Cash Flow | -191.00M | -250.00M | -263.00M | -149.00M | 8.76M | -63.58M |
| Foreign Exchange Rate Adjustments | -1.00M | -3.00M | -5.00M | -30.00M | 4.54M | -1.42M |
| Net Cash Flow | 163.00M | -11.00M | -3.00M | -92.00M | 59.86M | 60.91M |
| Free Cash Flow | 302.00M | 230.00M | 249.00M | 100.00M | -70.98M | 119.21M |
| Free Cash Flow Margin | 12.50% | 8.95% | 10.32% | 4.27% | -5.40% | 15.71% |
| Free Cash Flow Per Share | 2.47 | 1.87 | 2.00 | 0.81 | -0.73 | 1.33 |
| Levered Free Cash Flow | 343.88M | 222.38M | 291.88M | 35.56M | 81.60M | 130.23M |
| Unlevered Free Cash Flow | 355.75M | 253.62M | 343.25M | 98.31M | 101.43M | 139.31M |
| Free Cash Flow After Leases | 278.00M | 207.00M | 229.00M | 85.00M | -82.63M | 107.97M |
| Cash Interest Paid | 66.00M | 76.00M | 91.00M | 111.00M | 24.41M | 16.08M |
| Cash Income Tax Paid | 63.00M | 100.00M | 45.00M | 40.00M | 16.56M | -7.44M |
| Change in Working Capital | 109.00M | 19.00M | 106.00M | 13.00M | -52.69M | 65.54M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.89B | 1.88B | 1.23B | 575.29M | 780.50M | 542.83M |
| Enterprise Value | 3.28B | 2.55B | 1.95B | 1.59B | 945.56M | 782.09M |
| Last Close Price | 23.63 | 15.37 | 9.79 | 4.54 | 6.06 | 5.72 |
| PE Ratio | 39.98 | 29.37 | 38.55 | |||
| PS Ratio | 1.20 | 0.73 | 0.51 | 0.25 | 0.59 | 0.71 |
| PB Ratio | 2.37 | 1.72 | 1.18 | 0.55 | 0.69 | 0.51 |
| P/TBV Ratio | 3.70 | 2.96 | 2.09 | 1.02 | 1.38 | 0.88 |
| P/FCF Ratio | 9.58 | 8.17 | 4.96 | 5.75 | 4.55 | |
| P/OCF Ratio | 6.47 | 5.45 | 3.81 | 2.79 | 53.44 | 3.30 |
| EV/Sales Ratio | 1.36 | 0.99 | 0.81 | 0.68 | 0.72 | 1.03 |
| EV/EBITDA Ratio | 8.65 | 5.91 | 6.02 | 4.89 | 8.72 | 7.93 |
| EV/EBIT Ratio | 12.14 | 8.14 | 10.96 | 9.69 | 31.62 | 18.23 |
| EV/FCF Ratio | 10.86 | 11.07 | 7.83 | 15.89 | 6.56 | |
| Debt / Equity Ratio | 0.50 | 0.60 | 0.74 | 0.94 | 0.96 | 0.29 |
| Debt / EBITDA Ratio | 1.52 | 1.45 | 2.27 | 2.91 | 9.13 | 2.80 |
| Debt / FCF Ratio | 2.01 | 2.84 | 3.12 | 9.95 | 2.58 | |
| Net Debt / Equity Ratio | 0.31 | 0.52 | 0.65 | 0.84 | 0.80 | 0.16 |
| Net Debt / EBITDA Ratio | 1.00 | 1.33 | 2.11 | 2.73 | 8.38 | 1.73 |
| Net Debt / FCF Ratio | 1.26 | 2.49 | 2.75 | 8.89 | -12.80 | 1.43 |
| Asset Turnover | 0.83 | 0.94 | 0.84 | 0.76 | 0.55 | 0.44 |
| Inventory Turnover | 5.45 | 7.38 | 6.92 | 6.58 | 5.37 | 3.94 |
| Quick Ratio | 0.80 | 0.75 | 0.81 | 0.83 | 0.89 | 1.47 |
| Current Ratio | 1.23 | 1.13 | 1.14 | 1.25 | 1.28 | 2.00 |
| Return on Equity (ROE) | 5.98% | 5.98% | 3.04% | -7.47% | -6.97% | -1.34% |
| Return on Assets (ROA) | 5.83% | 7.13% | 3.87% | 3.32% | 0.78% | 1.55% |
| Return on Invested Capital (ROIC) | 7.14% | 7.23% | 3.82% | 8.22% | 1.82% | -1.59% |
| Return on Capital Employed (ROCE) | 14.20% | 17.20% | 9.50% | 7.80% | 1.30% | 3.00% |
| Earnings Yield | 2.50% | 3.40% | 2.59% | -14.43% | -9.56% | -2.69% |
| FCF Yield | 10.44% | 12.24% | 20.18% | 17.38% | -9.10% | 21.96% |
| Dividend Yield | 0.54% | 0.76% | 0.87% | 1.63% | 1.17% | 1.18% |
| Payout Ratio | 21.61% | 26.56% | 28.12% | |||
| Buyback Yield / Dilution | 1.22% | 0.89% | -0.27% | -27.60% | -8.21% | |
| Total Shareholder Return | 1.76% | 1.65% | 0.61% | -25.97% | -7.04% | 1.18% |