Greenfire Resources Ltd. (GFR) Revenue History
Annual and quarterly revenue from 2020 to 2025
Compound Annual Growth Rate (CAGR)
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GFR Revenue Growth
GFR Revenue Analysis (2020–2025)
As of May 8, 2026, Greenfire Resources Ltd. (GFR) generated trailing twelve-month (TTM) revenue of $569.4 million, reflecting significant decline in growth of -20.8% year-over-year. The most recent quarter (Q1 2026) recorded $145.4 million in revenue, up 5.1% sequentially.
Looking at the longer-term picture, GFR's historical revenue data shows a 3-year CAGR of -16.9%. The company achieved its highest annual revenue of $998.8 million in 2022.
When compared to Energy sector peers including MEG (+14.2% YoY), CVE (-16.4% YoY), and SU (+2.7% YoY), GFR has underperformed the peer group in terms of revenue growth. Compare GFR vs MEG →
GFR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GFRCurrent | $569M | -20.8% | - | 10.1% | |
 MEG | $831M | +14.2% | +20.4% | 1.5% | |
 CVE | $49.7B | -16.4% | +29.0% | 8.8% | |
 SU | $48.9B | +2.7% | +14.7% | 31.7% | |
 IMO | $47.0B | -3.7% | +18.0% | 9.0% | |
 CNQ | $38.7B | -0.0% | +17.2% | 21.2% |
GFR Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $573.9M | -27.4% | $83.5M | 14.6% | $58.2M | 10.1% |
| 2024 | $790.9M | +17.0% | $258.2M | 32.6% | $227.3M | 28.7% |
| 2023 | $676.0M | -32.3% | $279.5M | 41.3% | $-57,812,000 | -8.6% |
| 2022 | $998.8M | - | $512.7M | 51.3% | $270.5M | 27.1% |
| 2021 | $0 | - | $139.4M | - | $-716,333 | - |
| 2020 | $0 | - | $0 | - | $-360,000 | - |
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Start ComparisonGFR — Frequently Asked Questions
Quick answers to the most common questions about buying GFR stock.
Is GFR's revenue growth accelerating or slowing?
GFR revenue declined -20.8% year-over-year, contrasting with the 5-year CAGR of N/A. TTM revenue fell to $569M. This reverses the prior growth trend.
What is GFR's long-term revenue growth rate?
Greenfire Resources Ltd.'s 5-year revenue CAGR of N/A reflects the variable expansion pattern. Current YoY growth of -20.8% is below this long-term average.
How is GFR's revenue distributed by segment?
GFR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2020-2025 are available for download. Segment mix reveals concentration and diversification trends.