Greenfire Resources Ltd.(GFR)Earnings, Financials & Key Ratios
GFR•NYSE
$5.85
$423M mkt cap·12.4× P/E·Price updated May 6, 2026
AboutGreenfire Resources Ltd., together with its subsidiaries, engages in the development, exploration, and operation of oil and gas properties in the Athabasca oil sands region of Alberta. The company operates the Tier-1 oil sands assets located in Western Canada. It utilizes steam-assisted gravity drainage (SAGD) extraction technology, a thermal oil recovery process to recover bitumen. The company is headquartered in Calgary, Canada.Show more
- Revenue$574M-27.4%
- EBITDA$58M-81.9%
- Net Income$47M-61.6%
- EPS (Diluted)0.64-62.4%
- Gross Margin14.56%-55.4%
- EBITDA Margin10.14%-75.1%
- Operating Margin10.14%-64.7%
- Net Margin8.13%-47.0%
- ROE4.69%-70.7%
- ROIC3.93%-76.2%
- Debt/Equity0.01-98.7%
- Interest Coverage0.78-68.0%
GFR Key Insights
Greenfire Resources Ltd. (GFR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Momentum leader: RS Rating 81 (top 19%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Trading at only 0.5x book value
✗Weaknesses
- ✗Weak 3Y average ROE of 1.0%
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
GFR Price & Volume
Greenfire Resources Ltd. (GFR) stock price & volume — 10-year historical chart
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GFR Growth Metrics
Greenfire Resources Ltd. (GFR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-16.87%
TTM-30.2%
Profit CAGR
10 Years-
5 Years-
3 Years-29.25%
TTM-87.94%
EPS CAGR
10 Years-
5 Years-
3 Years-30.66%
TTM-87.55%
Return on Capital
10 Years10.1%
5 Years10.1%
3 Years7.7%
Last Year5.51%
GFR Recent Earnings
Greenfire Resources Ltd. (GFR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (50%)●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
Mar 13, 2026EPS
$0.09
Revenue
$101M
Q2 2026
Mar 12, 2026EPS
$0.08
Est $0.14
-157.1%
Revenue
$101M
Est $101M
+0.0%
Q4 2025
Nov 3, 2025EPS
$0.09
Est $0.14
-164.3%
Revenue
—
Q3 2025
Aug 7, 2025EPS
$0.51
Revenue
$106M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 13, 2026 | $0.09 | $101M |
| Q2 2026 | Mar 12, 2026 | $0.08vs $0.14-157.1% | $101Mvs $101M+0.0% |
| Q4 2025 | Nov 3, 2025 | $0.09vs $0.14-164.3% | — |
| Q3 2025 | Aug 7, 2025 | $0.51 | $106M |
Based on last 12 quarters of dataView full earnings history →
GFR Peer Comparison
Greenfire Resources Ltd. (GFR) competitors in Canadian oil sands and heavy oil producers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MEG | 798.27M | 22.07 | -157.64 | 19.26% | 0.71% | 1.26% | 0.80 | |
 CVE | 54.61B | 29.00 | 18.32 | -13.98% | 7.67% | 13.16% | 0.54 | |
 SU | 76.59B | 64.32 | 18.02 | -3.51% | 12.1% | 13.18% | 0.41 | |
 IMO | 63.57B | 127.84 | 26.81 | -3.65% | 6.94% | 14.73% | 0.19 | |
 CNQ | 95.18B | 45.63 | 12.02 | 8.62% | 26.06% | 25.98% | 0.44 | |
 OVV | 15.17B | 59.90 | 12.53 | -4.55% | 14.13% | 11.09% | 0.67 | |
 BTE | 3.83B | 4.98 | -8.67 | -64.85% | 5.6% | 5.16% | 0.01 | |
 PBA | 26.06B | 44.83 | 22.90 | 5.34% | 21.7% | 9.91% | 0.79 |
Compare GFR vs Peers
Greenfire Resources Ltd. (GFR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GFR Income Statement
Greenfire Resources Ltd. (GFR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 998.85M | 675.97M | 790.95M | 573.87M |
| Revenue Growth % | - | - | - | -32.33% | 17.01% | -27.45% |
| Cost of Goods Sold | 0 | 131.24M | 486.11M | 396.5M | 532.75M | 490.34M |
| COGS % of Revenue | - | - | 48.67% | 58.66% | 67.36% | 85.44% |
| Gross Profit | 0▲ 0% | 139.44M▲ 0% | 512.74M▲ 267.7% | 279.47M▼ 45.5% | 258.19M▼ 7.6% | 83.53M▼ 67.6% |
| Gross Margin % | - | - | 51.33% | 41.34% | 32.64% | 14.56% |
| Gross Profit Growth % | - | - | 267.72% | -45.5% | -7.61% | -67.65% |
| Operating Expenses | 360K | 716.33K | 242.25M | 337.28M | 30.91M | 25.32M |
| OpEx % of Revenue | - | - | 24.25% | 49.9% | 3.91% | 4.41% |
| Selling, General & Admin | 360K | 716.33K | 78.86M | 77.02M | 30.91M | 25.32M |
| SG&A % of Revenue | - | - | 7.9% | 11.39% | 3.91% | 4.41% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 163.39M | 260.26M | 0 | 0 |
| Operating Income | -360K▲ 0% | -716.33K▼ 99.0% | 270.49M▲ 37860.1% | -57.81M▼ 121.4% | 227.28M▲ 493.1% | 58.21M▼ 74.4% |
| Operating Margin % | - | - | 27.08% | -8.55% | 28.74% | 10.14% |
| Operating Income Growth % | - | -98.98% | 37860.09% | -121.37% | 493.14% | -74.39% |
| EBITDA | 0 | -709.58K | 338.36M | 10.08M | 322.26M | 58.21M |
| EBITDA Margin % | - | - | 33.87% | 1.49% | 40.74% | 10.14% |
| EBITDA Growth % | - | - | 47784.05% | -97.02% | 3096.69% | -81.94% |
| D&A (Non-Cash Add-back) | 360K | 0 | 67.87M | 67.89M | 94.98M | 0 |
| EBIT | -360K | -709.58K | 120.35M | -69.6M | 118.76M | 58.21M |
| Net Interest Income | 0 | -25.05M | -76.33M | -46.68M | -56.43M | -74.37M |
| Interest Income | 0 | 0 | 0 | 0 | -7.91M | 0 |
| Interest Expense | 0 | 25.05M | 76.33M | 46.68M | 48.52M | 74.37M |
| Other Income/Expense | 0 | 6.75K | -226.47M | -58.47M | -190.75M | -3.88M |
| Pretax Income | -360K▲ 0% | -709.58K▼ 97.1% | 44.02M▲ 6303.3% | -116.28M▼ 364.2% | 36.53M▲ 131.4% | 54.33M▲ 48.7% |
| Pretax Margin % | - | - | 4.41% | -17.2% | 4.62% | 9.47% |
| Income Tax | 0 | 2.04K | -87.68M | 19.39M | -84.88M | 7.68M |
| Effective Tax Rate % | 0% | -0.29% | -199.2% | -16.67% | -232.34% | 14.13% |
| Net Income | -360K▲ 0% | -711.62K▼ 97.7% | 131.7M▲ 18606.8% | -135.67M▼ 203.0% | 121.41M▲ 189.5% | 46.65M▼ 61.6% |
| Net Margin % | - | - | 13.18% | -20.07% | 15.35% | 8.13% |
| Net Income Growth % | - | -97.67% | 18606.84% | -203.02% | 189.49% | -61.58% |
| Net Income (Continuing) | -360K | 661.44M | 131.7M | -135.67M | 121.41M | 46.65M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.01▲ 0% | 17.64▲ 183850.0% | 1.92▼ 89.1% | -2.49▼ 229.7% | 1.70▲ 168.3% | 0.64▼ 62.4% |
| EPS Growth % | - | - | -89.12% | -229.69% | 168.27% | -62.35% |
| EPS (Basic) | -0.01 | 17.64 | 1.92 | -2.49 | 1.76 | 0.64 |
| Diluted Shares Outstanding | 37.5M | 37.5M | 68.64M | 54.43M | 71.61M | 72.48M |
| Basic Shares Outstanding | 37.5M | 37.5M | 68.64M | 54.43M | 71.42M | 72.39M |
| Dividend Payout Ratio | - | - | - | - | - | - |
GFR Balance Sheet
Greenfire Resources Ltd. (GFR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Total Current Assets | 0 | 139.96M | 123.53M | 163.81M | 144.24M | 149.34M |
| Cash & Short-Term Investments | 0 | 60.87M | 35.36M | 109.53M | 67.42M | 42.02M |
| Cash Only | 0 | 60.87M | 35.36M | 109.53M | 67.42M | 42.02M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 35.02M | 22.43M | 22.45M | 47.41M | 66.25M |
| Days Sales Outstanding | - | - | 8.2 | 12.12 | 21.88 | 42.14 |
| Inventory | 0 | 15.92M | 14.57M | 13.86M | 14.95M | 20.62M |
| Days Inventory Outstanding | - | 44.27 | 10.94 | 12.76 | 10.24 | 15.35 |
| Other Current Assets | 0 | 17.64M | 47.19M | 12.23M | 9.01M | 20.46M |
| Total Non-Current Assets | 0 | 989.12M | 1.05B | 1.01B | 1.11B | 1.14B |
| Property, Plant & Equipment | 0 | 989.12M | 963.05M | 941.37M | 960.06M | 991.09M |
| Fixed Asset Turnover | - | - | 1.04x | 0.72x | 0.82x | 0.58x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 383.26M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | -383.26M | 87.68M | 68.3M | 0 | 0 |
| Total Assets | 0▲ 0% | 1.13B▲ 0% | 1.17B▲ 4.0% | 1.17B▼ 0.1% | 1.26B▲ 7.2% | 1.29B▲ 2.3% |
| Asset Turnover | - | - | 0.85x | 0.58x | 0.63x | 0.45x |
| Asset Growth % | - | - | 4% | -0.07% | 7.16% | 2.33% |
| Total Current Liabilities | 60K | 198.5M | 136.92M | 130.28M | 335.86M | 95.93M |
| Accounts Payable | 60K | 32.34M | 3.37M | 6.3M | 6.31M | 11.25M |
| Days Payables Outstanding | - | 89.94 | 2.53 | 5.8 | 4.32 | 8.38 |
| Short-Term Debt | 0 | 110.36M | 63.25M | 44.32M | 248.49M | 3.28M |
| Deferred Revenue (Current) | 0 | 25.09M | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 5.63M | 27M | 20.11M | 18.55M | 81.4M |
| Current Ratio | - | 0.71x | 0.90x | 1.26x | 0.43x | 1.56x |
| Quick Ratio | - | 0.62x | 0.80x | 1.15x | 0.38x | 1.34x |
| Cash Conversion Cycle | - | - | 16.61 | 19.08 | 27.79 | 49.11 |
| Total Non-Current Liabilities | 0 | 225.69M | 199.57M | 348.2M | 100.18M | 22.77M |
| Long-Term Debt | 0 | 215.21M | 191.16M | 332.03M | 80.44M | 0 |
| Capital Lease Obligations | 0 | 0 | 865K | 7.72M | 2.3M | 2.83M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 10.48M | 7.54M | 8.45M | 17.44M | 19.94M |
| Total Liabilities | 60K | 424.19M | 336.49M | 478.48M | 436.04M | 118.71M |
| Total Debt | 0 | 325.57M | 255.37M | 390.07M | 338.24M | 6.11M |
| Net Debt | 0 | 264.7M | 220.01M | 280.55M | 270.82M | -35.91M |
| Debt / Equity | - | 0.46x | 0.30x | 0.56x | 0.41x | 0.01x |
| Debt / EBITDA | - | - | 0.75x | 38.69x | 1.05x | 0.10x |
| Net Debt / EBITDA | - | - | 0.65x | 27.83x | 0.84x | -0.62x |
| Interest Coverage | - | -0.03x | 1.58x | -1.49x | 2.45x | 0.78x |
| Total Equity | -60K▲ 0% | 704.89M▲ 1174916.7% | 837.77M▲ 18.9% | 695M▼ 17.0% | 821.43M▲ 18.2% | 1.17B▲ 42.2% |
| Equity Growth % | - | 1174916.67% | 18.85% | -17.04% | 18.19% | 42.19% |
| Book Value per Share | -0.00 | 18.80 | 12.20 | 12.77 | 11.47 | 16.12 |
| Total Shareholders' Equity | -60K | 704.89M | 837.77M | 695M | 821.43M | 1.17B |
| Common Stock | 0 | 15K | 15K | 158.51M | 164.4M | 0 |
| Retained Earnings | -60K | 661.38M | 793.08M | 526.7M | 648.11M | 696.31M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
GFR Cash Flow Statement
Greenfire Resources Ltd. (GFR) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash from Operations | 0 | 31.98M | 164.73M | 86.55M | 144.55M | 134M |
| Operating CF Margin % | - | - | 16.49% | 12.8% | 18.28% | 23.35% |
| Operating CF Growth % | - | - | 415.01% | -47.46% | 67.01% | -7.29% |
| Net Income | -360K | 661.44M | 131.7M | -135.67M | 121.41M | 46.65M |
| Depreciation & Amortization | 0 | 28.29M | 85.29M | 67.56M | 95.28M | 0 |
| Stock-Based Compensation | 0 | 0 | 1.18M | 9.81M | 6.34M | 0 |
| Deferred Taxes | 0 | 0 | -87.68M | 19.04M | -84.88M | 0 |
| Other Non-Cash Items | 360K | -650.84M | 30.66M | 100.3M | 26.03M | 92.45M |
| Working Capital Changes | 0 | -6.91M | 3.57M | 25.51M | -19.64M | -5.09M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 0 | -336.53M | -63.75M | -12.1M | -94.41M | -98.42M |
| Capital Expenditures | 0 | -4.59M | -39.59M | -33.43M | -87.4M | -109.75M |
| CapEx % of Revenue | - | - | 3.96% | 4.95% | 11.05% | 19.13% |
| Acquisitions | 0 | -359.54M | 0 | 0 | -4.39M | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | 0 | 27.6M | -24.15M | 21.32M | -2.61M | 11.34M |
| Cash from Financing | 0 | 365.61M | -123.64M | 2K | -95.43M | -57.13M |
| Debt Issued (Net) | 0 | 365.59M | -123.64M | 87.71M | -91.21M | -323.39M |
| Equity Issued (Net) | 0 | 15K | 0 | 25.65M | 0 | 289.86M |
| Dividends Paid | 0 | 0 | 0 | -59.39M | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -41.46M | 0 | 0 |
| Other Financing | 0 | 0 | 0 | -53.97M | -4.21M | -23.6M |
| Net Change in Cash | 0▲ 0% | 60.87M▲ 0% | -25.51M▼ 141.9% | 74.16M▲ 390.8% | -42.11M▼ 156.8% | -22.31M▲ 47.0% |
| Free Cash Flow | 0▲ 0% | 27.39M▲ 0% | 125.14M▲ 356.8% | 53.12M▼ 57.5% | 57.14M▲ 7.6% | 24.25M▼ 57.6% |
| FCF Margin % | - | - | 12.53% | 7.86% | 7.22% | 4.23% |
| FCF Growth % | - | - | 356.85% | -57.55% | 7.57% | -57.56% |
| FCF per Share | - | 0.73 | 1.82 | 0.98 | 0.80 | 0.33 |
| FCF Conversion (FCF/Net Income) | - | -44.95x | 1.25x | -0.64x | 1.19x | 2.87x |
| Interest Paid | 0 | 0 | 0 | 0 | 39.95M | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
GFR Key Ratios
Greenfire Resources Ltd. (GFR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -0.2% | 17.07% | -17.7% | 16.01% | 4.69% |
| Return on Invested Capital (ROIC) | - | -0.11% | 20.01% | -4.26% | 16.49% | 3.93% |
| Gross Margin | - | - | 51.33% | 41.34% | 32.64% | 14.56% |
| Net Margin | - | - | 13.18% | -20.07% | 15.35% | 8.13% |
| Debt / Equity | - | 0.46x | 0.30x | 0.56x | 0.41x | 0.01x |
| Interest Coverage | - | -0.03x | 1.58x | -1.49x | 2.45x | 0.78x |
| FCF Conversion | - | -44.95x | 1.25x | -0.64x | 1.19x | 2.87x |
| Revenue Growth | - | - | - | -32.33% | 17.01% | -27.45% |
GFR Frequently Asked Questions
Greenfire Resources Ltd. (GFR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Greenfire Resources Ltd. (GFR) reported $562.3M in revenue for fiscal year 2025.
Greenfire Resources Ltd. (GFR) saw revenue decline by 27.4% over the past year.
Yes, Greenfire Resources Ltd. (GFR) is profitable, generating $22.3M in net income for fiscal year 2025 (8.1% net margin).
Dividend & Returns
Greenfire Resources Ltd. (GFR) has a return on equity (ROE) of 4.7%. This is below average, suggesting room for improvement.
Greenfire Resources Ltd. (GFR) generated $30.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More GFR
Greenfire Resources Ltd. (GFR) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates