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EFXT

Enerflex Ltd.

EFXT

Enerflex Ltd. • NYSE
$13.99 ▲ 1.45% (+0.20)
Market Cap $1.73 B
52w High $14.18
52w Low $6.18
Dividend Yield 0.11%
P/E 12.72
Volume 153.88K
Outstanding Shares 123.44M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.081B ▲ $97.401M ▲ $51.484M ▼ 4.762% ▼ $0.42 ▼ $141.928M ▼
Q2-2025 $837.698M ▲ $85.813M ▲ $81.727M ▲ 9.756% ▲ $0.49 ▲ $163.453M ▲
Q1-2025 $794.251M ▼ $82.015M ▼ $34.533M ▲ 4.348% ▲ $0.19 ▲ $158.275M ▲
Q4-2024 $806.544M ▼ $129.392M ▲ $21.565M ▼ 2.674% ▼ $0.12 ▼ $77.635M ▼
Q3-2024 $812.738M $113.594M $40.569M 4.992% $0.24 $144.697M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $89.053M ▲ $3.973B ▲ $2.365B ▲ $1.607B ▲
Q2-2025 $74M ▼ $2.884B ▲ $1.757B ▲ $1.127B ▲
Q1-2025 $80M ▼ $2.758B ▼ $1.683B ▼ $1.075B ▲
Q4-2024 $92M ▼ $2.791B ▼ $1.742B ▼ $1.049B ▼
Q3-2024 $95M $2.927B $1.87B $1.057B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $37M ▼ $74M ▲ $-30M ▼ $-50M ▼ $-7M ▼ $68M ▲
Q2-2025 $60M ▲ $-4M ▼ $-10M ▲ $10M ▲ $-4M ▲ $-38M ▼
Q1-2025 $24M ▲ $96M ▼ $-26M ▼ $-86M ▲ $-17M ▼ $82M ▼
Q4-2024 $15M ▼ $113M ▲ $-20M ▼ $-94M ▲ $-3M ▲ $107M ▲
Q3-2024 $30M $98M $-15M $-114M $-31M $94M

Five-Year Company Overview

Income Statement

Income Statement Enerflex’s revenue has grown meaningfully over the last few years, especially after its big expansion, though the latest year shows a step down from the recent peak. Profitability has improved: operating earnings and cash-style earnings (like EBITDA) are now clearly stronger than they were a few years ago. After several years of net losses, the company has returned to a modest profit, which signals better cost control and integration progress. The flip side is that net income is still relatively thin for the size of the business, so results remain sensitive to project execution, pricing, and changes in energy activity.

Balance Sheet

Balance Sheet The balance sheet shows the weight of past expansion. Total assets jumped with acquisitions and have since been trimmed back, which looks like a shift from rapid growth to consolidation and efficiency. Debt rose sharply during the growth phase and, while now being reduced, is still noticeably higher than pre-expansion levels. Equity has edged down from earlier highs, reflecting past losses and potentially some write-downs. Overall, the company appears to be working its way back to a more balanced financial structure, but leverage and balance-sheet risk are still important watchpoints.

Cash Flow

Cash Flow Cash generation has strengthened. Operating cash flow has improved steadily after a weak patch, and free cash flow has turned clearly positive again, even after funding needed capital spending. Capital expenditures are moderate relative to the size of the business, suggesting a focus on disciplined investment rather than aggressive capacity build-out. The pattern indicates that the business is now better at turning accounting profits into actual cash, which supports debt reduction and provides more flexibility through industry cycles.

Competitive Edge

Competitive Edge Enerflex competes as an integrated solutions provider rather than just an equipment vendor. Its ability to design, build, own, operate, and maintain infrastructure under one roof is a clear differentiator and helps lock in long-term customer relationships and recurring service revenue. A long operating history and a reputation for reliability support this position, especially in gas compression, processing, and infrastructure. Global reach, coupled with local expertise, makes it relevant in multiple regions. The main risks are industry cyclicality and intense competition from other large oil and gas service and equipment players, which can pressure pricing and margins when markets soften.

Innovation and R&D

Innovation and R&D Innovation is anchored in practical, revenue-generating offerings. The proprietary microbubble flotation technology in water treatment is a good example of a specialized, defensible niche. The company’s vertical integration and BOOM (Build-Own-Operate-Maintain) model are as much business-model innovations as pure technology, giving clients a one-stop, lower-friction solution. Enerflex is also positioning itself in energy-transition areas like carbon capture, electrification, bioenergy, and hydrogen, often via partnerships. The opportunity is that these newer solutions could become meaningful growth drivers; the risk is that timelines, adoption rates, and project economics in low-carbon markets remain uncertain and policy-dependent.

Summary

Enerflex looks like a company that went through a period of aggressive growth and acquisition, absorbed higher debt and some losses, and is now in a phase of disciplined execution and balance-sheet repair. Revenue is much larger than it was several years ago, profitability has improved, and cash flows are healthier, though net margins remain modest and leverage is still a key consideration. Competitively, Enerflex benefits from an integrated, service-heavy model, strong customer relationships, and a growing footprint in lower-carbon and water-treatment solutions. Future performance will likely hinge on successful debt reduction, consistent project execution, and the pace at which its energy-transition offerings scale within a still cyclical energy services environment.

NEWS

November 24, 2025 · 6:00 AM UTC

Enerflex Ltd. Announces the Appointment of Céline Gerson as New Independent Director

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November 6, 2025 · 6:00 AM UTC

Enerflex Ltd. Announces Third Quarter 2025 Financial and Operational Results and Increased Dividend

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October 6, 2025 · 6:00 AM UTC

Enerflex Ltd. Announces Timing of Third Quarter Release

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September 16, 2025 · 6:00 AM UTC

Enerflex Ltd. Announces the Appointment of Paul Mahoney as President, CEO and Director

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