NYSE : GFR
Greenfire Resources Ltd. — Financial statements
Energy · Oil & Gas Exploration & Production · Canada
Last price 6.7 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.61B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Greenfire Resources Ltd. (GFR) reported revenue of 581.47M CAD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 581.47M | 584.39M | 790.95M | 652.26M | 948.78M | 261.13M |
| Cost of Revenue | 395.84M | 411.73M | 532.75M | 509.38M | 596.68M | 178.39M |
| Gross Profit | 185.63M | 172.67M | 258.19M | 142.89M | 352.10M | 82.74M |
| Selling, General & Admin | 19.08M | 22.86M | 22.76M | 11.54M | 9.84M | 3.29M |
| Other Operating Expenses | 69.77M | -42.58M | 27.49M | -16.41M | 121.48M | 39.29M |
| Operating Expenses | 175.74M | 68.98M | 139.43M | 76.84M | 202.35M | 70.00M |
| Operating Income | 9.89M | 103.69M | 118.76M | 66.04M | 149.75M | 12.74M |
| Interest Expense | -55.84M | -77.57M | -61.46M | -110.21M | -76.33M | -24.11M |
| Interest & Investment Income | 3.38M | 3.38M | 5.03M | 2.90M | ||
| Currency Exchange Gain (Loss) | -2.25M | 11.65M | -26.13M | 8.72M | -26.10M | -1.51M |
| Other Non Operating Income (Expenses) | -1.38M | 14.18M | 326.00K | -71.57M | -537.00K | -9.31M |
| EBT Excluding Unusual Items | -46.21M | 55.32M | 36.53M | -104.11M | 46.79M | -22.19M |
| Merger & Restructuring Charges | -12.17M | -2.77M | -10.32M | |||
| Other Unusual Items | 693.95M | |||||
| Pretax Income | -46.21M | 55.32M | 36.53M | -116.28M | 44.02M | 661.44M |
| Income Tax Expense | -9.28M | 7.82M | -84.88M | 19.39M | -87.68M | |
| Net Income | -36.93M | 47.50M | 121.41M | -135.67M | 131.70M | 661.44M |
| Net Income to Common | -36.93M | 47.50M | 121.41M | -135.67M | 131.70M | 661.44M |
| Shares Outstanding (Basic) | 99.83M | 72.39M | 69.17M | 54.43M | 48.91M | 42.61M |
| Shares Outstanding (Diluted) | 99.83M | 72.48M | 71.61M | 54.43M | 69.93M | 48.10M |
| EPS (Basic) | -0.37 | 0.66 | 1.76 | -2.49 | 2.69 | 15.52 |
| EPS (Diluted) | -0.37 | 0.66 | 1.70 | -2.49 | 1.88 | 13.75 |
| Free Cash Flow | -59.89M | 24.70M | 57.14M | 53.12M | 125.14M | 27.39M |
| Free Cash Flow Per Share | -0.60 | 0.34 | 0.80 | 0.98 | 1.79 | 0.57 |
| Gross Margin | 31.92% | 29.55% | 32.64% | 21.91% | 37.11% | 31.69% |
| Operating Margin | 1.70% | 17.74% | 15.02% | 10.12% | 15.78% | 4.88% |
| Profit Margin | -6.35% | 8.13% | 15.35% | -20.80% | 13.88% | 253.30% |
| Free Cash Flow Margin | -10.30% | 4.23% | 7.22% | 8.14% | 13.19% | 10.49% |
| EBITDA | 91.33M | 187.57M | 199.19M | 197.35M | 218.30M | 41.04M |
| EBITDA Margin | 15.71% | 32.10% | 25.18% | 30.26% | 23.01% | 15.72% |
| D&A For EBITDA | 81.44M | 83.88M | 80.42M | 131.31M | 68.55M | 28.29M |
| EBIT | 9.89M | 103.69M | 118.76M | 66.04M | 149.75M | 12.74M |
| EBIT Margin | 1.70% | 17.74% | 15.02% | 10.12% | 15.78% | 4.88% |
| Effective Tax Rate | 14.13% | |||||
| Revenue as Reported | 511.77M | 626.97M | 763.46M | 668.67M | 827.31M | 221.84M |
Balance sheet
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.96M | 41.97M | 67.42M | 109.53M | 35.36M | 60.87M |
| Cash & Short-Term Investments | 2.96M | 41.97M | 67.42M | 109.53M | 35.36M | 60.87M |
| Accounts Receivable | 35.66M | 32.48M | 47.41M | 22.45M | 22.43M | 35.02M |
| Other Receivables | 33.96M | 33.70M | 9.01M | 12.23M | 11.88M | 8.94M |
| Receivables | 69.62M | 66.19M | 56.42M | 34.68M | 34.31M | 43.96M |
| Inventory | 21.35M | 20.60M | 14.95M | 13.86M | 14.57M | 15.92M |
| Prepaid Expenses | 5.90M | 9.42M | 5.46M | 5.75M | 3.98M | 10.51M |
| Restricted Cash | 35.31M | 8.70M | ||||
| Other Current Assets | 5.56M | 11.02M | ||||
| Total Current Assets | 105.39M | 149.19M | 144.24M | 163.81M | 123.53M | 139.96M |
| Property, Plant & Equipment | 1.06B | 990.09M | 960.06M | 941.37M | 963.05M | 989.12M |
| Long-Term Deferred Tax Assets | 151.48M | 146.16M | 153.17M | 68.30M | 87.68M | |
| Total Assets | 1.31B | 1.29B | 1.26B | 1.17B | 1.17B | 1.13B |
| Accounts Payable | 86.84M | 11.24M | 6.31M | 6.30M | 3.37M | 32.34M |
| Accrued Expenses | 77.19M | 55.49M | 53.55M | 43.20M | 25.09M | |
| Current Portion of Long-Term Debt | 248.49M | 44.32M | 63.25M | 110.36M | ||
| Current Portion of Leases | 2.38M | 3.28M | 7.01M | 6.00M | 98.00K | |
| Current Income Taxes Payable | 1.06M | |||||
| Other Current Liabilities | 21.13M | 4.13M | 18.55M | 19.05M | 27.00M | 30.72M |
| Total Current Liabilities | 110.36M | 95.84M | 335.86M | 130.28M | 136.92M | 198.50M |
| Long-Term Debt | 24.64M | 80.44M | 332.03M | 191.16M | 215.21M | |
| Long-Term Leases | 5.10M | 2.83M | 2.30M | 7.72M | 865.00K | |
| Other Long-Term Liabilities | 25.06M | 19.92M | 17.44M | 8.45M | 7.54M | 10.48M |
| Total Liabilities | 165.16M | 118.59M | 436.04M | 478.48M | 336.49M | 424.19M |
| Common Stock | 462.87M | 462.94M | 164.40M | 158.51M | 15.00K | 15.00K |
| Additional Paid-In Capital | 7.92M | 8.31M | 8.92M | 9.79M | 44.67M | 43.49M |
| Retained Earnings | 676.07M | 695.61M | 648.11M | 526.70M | 793.08M | 661.38M |
| Shareholders' Equity | 1.15B | 1.17B | 821.43M | 695.00M | 837.77M | 704.89M |
| Total Liabilities & Equity | 1.31B | 1.29B | 1.26B | 1.17B | 1.17B | 1.13B |
| Total Debt | 32.12M | 6.11M | 338.24M | 390.07M | 255.37M | 325.57M |
| Net Cash (Debt) | -29.16M | 35.87M | -270.82M | -280.55M | -220.01M | -264.70M |
| Net Cash Per Share | -0.29 | 0.49 | -3.78 | -5.15 | -3.15 | -5.50 |
| Filing Date Shares Outstanding | 125.43M | 125.43M | 69.92M | 68.71M | 8.95M | 42.61M |
| Total Common Shares Outstanding | 125.43M | 125.41M | 69.72M | 68.64M | 8.95M | 42.61M |
| Working Capital | -4.96M | 53.36M | -191.62M | 33.53M | -13.39M | -58.54M |
| Book Value Per Share | 9.14 | 9.30 | 11.78 | 10.12 | 93.59 | 90.36 |
| Tangible Book Value | 1.15B | 1.17B | 821.43M | 695.00M | 837.77M | 704.89M |
| Tangible Book Value Per Share | 9.14 | 9.30 | 11.78 | 10.12 | 93.59 | 90.36 |
Cash flow statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -36.93M | 47.50M | 121.41M | -135.67M | 131.70M | 661.44M |
| Depreciation & Amortization | 82.25M | 84.25M | 80.72M | 131.50M | 68.61M | 28.29M |
| Other Amortization | 29.85M | 2.15M | ||||
| Stock-Based Compensation | 1.42M | 2.92M | 6.34M | 9.81M | 1.18M | |
| Other Operating Activities | 77.92M | 6.97M | -44.29M | 55.40M | -70.19M | -653.00M |
| Change in Other Net Operating Assets | -3.67M | -5.19M | -19.64M | 25.51M | 3.57M | -6.91M |
| Operating Cash Flow | 120.99M | 136.46M | 144.55M | 86.55M | 164.73M | 31.98M |
| Capital Expenditures | -180.88M | -111.77M | -87.40M | -33.43M | -39.59M | -4.59M |
| Cash Acquisitions | -4.39M | -359.54M | ||||
| Other Investing Activities | 27.26M | 11.54M | -2.61M | 21.32M | -24.15M | 27.60M |
| Investing Cash Flow | -153.62M | -100.22M | -94.41M | -12.10M | -63.75M | -336.53M |
| Long-Term Debt Issued | 382.45M | 365.59M | ||||
| Long-Term Debt Repaid | -353.35M | -95.43M | -313.90M | -123.64M | ||
| Lease Payments | -3.27M | -4.30M | -6.93M | -99.00K | -26.00K | |
| Net Debt Issued (Repaid) | -325.81M | -353.35M | -95.43M | 68.56M | -123.64M | 365.59M |
| Issuance of Common Stock | 298.65M | 298.65M | 67.11M | 15.00K | ||
| Repurchase of Common Stock | -41.46M | |||||
| Common Dividends Paid | -59.39M | |||||
| Other Financing Activities | -5.89M | -3.48M | -34.82M | |||
| Financing Cash Flow | -33.05M | -58.18M | -95.43M | 2.00K | -123.64M | 365.61M |
| Foreign Exchange Rate Adjustments | -1.34M | -3.50M | 3.18M | -285.00K | -2.85M | -194.00K |
| Net Cash Flow | -67.02M | -25.45M | -42.11M | 74.16M | -25.51M | 60.87M |
| Free Cash Flow | -59.89M | 24.70M | 57.14M | 53.12M | 125.14M | 27.39M |
| Free Cash Flow Margin | -10.30% | 4.23% | 7.22% | 8.14% | 13.19% | 10.49% |
| Free Cash Flow Per Share | -0.60 | 0.34 | 0.80 | 0.98 | 1.79 | 0.57 |
| Levered Free Cash Flow | -59.22M | -26.47M | 13.35M | 120.53M | 82.30M | |
| Unlevered Free Cash Flow | -24.32M | 22.01M | 51.76M | 189.41M | 100.15M | |
| Free Cash Flow After Leases | -63.16M | 20.40M | 50.21M | 53.02M | 125.11M | 27.39M |
| Cash Interest Paid | 31.68M | 51.33M | 49.71M | 39.95M | 51.13M | 1.93M |
| Change in Working Capital | -3.67M | -5.19M | -19.64M | 25.51M | 3.57M | -6.91M |
Ratios
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.61B | 596.92M | 490.45M | 333.60M | 380.25M | 370.12M |
| Enterprise Value | 1.63B | 751.13M | 698.98M | 578.01M | ||
| Last Close Price | 6.70 | 4.76 | 7.06 | 4.86 | 10.14 | 9.87 |
| PE Ratio | 17.23 | 5.81 | 3.91 | 0.71 | ||
| Forward PE | 15.65 | 34.81 | 4.97 | |||
| PS Ratio | 3.93 | 1.40 | 0.89 | 0.68 | 0.54 | 1.79 |
| PB Ratio | 1.04 | 0.70 | 0.86 | 0.63 | 0.61 | 0.66 |
| P/TBV Ratio | 1.99 | 0.70 | 0.86 | 0.63 | 0.61 | 0.66 |
| P/FCF Ratio | 33.14 | 12.35 | 8.29 | 4.11 | 17.10 | |
| P/OCF Ratio | 18.58 | 6.00 | 4.88 | 5.09 | 3.12 | 14.64 |
| EV/Sales Ratio | 3.98 | 1.76 | 1.27 | 1.17 | ||
| EV/EBITDA Ratio | 25.37 | 5.49 | 5.05 | 3.87 | ||
| EV/EBIT Ratio | 234.33 | 9.93 | 8.47 | 11.56 | ||
| EV/FCF Ratio | 41.70 | 17.60 | 14.37 | |||
| Debt / Equity Ratio | 0.03 | 0.01 | 0.41 | 0.56 | 0.30 | 0.46 |
| Debt / EBITDA Ratio | 0.35 | 0.03 | 1.70 | 1.97 | 1.17 | 7.93 |
| Debt / FCF Ratio | 0.25 | 5.92 | 7.34 | 2.04 | 11.89 | |
| Net Debt / Equity Ratio | 0.03 | -0.03 | 0.33 | 0.40 | 0.26 | 0.38 |
| Net Debt / EBITDA Ratio | 0.32 | -0.19 | 1.36 | 1.42 | 1.01 | 6.45 |
| Net Debt / FCF Ratio | -0.49 | -1.45 | 4.74 | 5.28 | 1.76 | 9.66 |
| Asset Turnover | 0.45 | 0.46 | 0.65 | 0.56 | 0.82 | |
| Inventory Turnover | 19.79 | 23.17 | 36.98 | 35.83 | 39.15 | |
| Quick Ratio | 0.66 | 1.13 | 0.37 | 1.11 | 0.51 | 0.53 |
| Current Ratio | 0.95 | 1.56 | 0.43 | 1.26 | 0.90 | 0.70 |
| Return on Equity (ROE) | -3.63% | 4.78% | 16.01% | -17.70% | 17.07% | 187.69% |
| Return on Assets (ROA) | 0.48% | 5.10% | 6.11% | 3.52% | 8.13% | |
| Return on Invested Capital (ROIC) | 0.87% | 8.01% | 11.49% | 6.50% | 14.77% | 1.31% |
| Return on Capital Employed (ROCE) | 0.80% | 8.70% | 12.90% | 6.30% | 14.40% | 1.40% |
| Earnings Yield | -3.92% | 5.80% | 17.21% | -30.80% | 25.59% | 141.22% |
| FCF Yield | -2.66% | 3.02% | 8.10% | 12.06% | 24.32% | 5.85% |
| Buyback Yield / Dilution | -37.75% | -1.20% | -31.59% | 22.17% | -45.39% | -541.31% |