$Calfrac Well Services Ltd.$

Calfrac Well Services Ltd.

CFW.TOTSXEnergy● Active

$6.14

+$0.08(+1.32%)

Market Cap$507865710

P/E Ratio—

52W High$7.2

52W Low$3.02

Avg Volume89K

Open$6.02

Beta0.52

Free Cash Flow Financials Revenue

Calfrac Well Services Ltd. (CFW.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CFW.TO · free cash flow · updated Jun 9, 2026

Core FCF metrics

CFW.TO · FCF · TTM · margin & CAGR

Free cash flow was $70.6M for FY2025 (fiscal year ending 2025-12-31), up 219.7% year-over-year The FCF margin was 5.1%.

FY2025 Free Cash Flow$70.6M▲ +219.7% YoY

Trailing 12M (TTM)$138.3Mtrailing 4 quarters sum

FCF Margin5.1%$70.6M ÷ revenue

3-Year CAGR+36.5%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CFW.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$199.6M(129M)$70.6M▲ +219.7%5.1%

FY2024$127.2M(186M)−$58.9M▼ 152.2%-3.8%

FY2023$281.6M(169M)$113.0M▲ +307.6%6.1%

FY2022$107.5M(80M)$27.7M▲ +135.2%1.9%

FY2021−$15.3M(63M)−$78.8M▼ 263.5%-8.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CFW.TO · P/FCF · FCF yield · FCF per share

Calfrac Well Services Ltd. (CFW.TO) trades at a FCF yield of 27.24% and a price-to-free-cash-flow ratio of 4.0x. FCF per share stands at $1.54, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

27.24%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.54

TTM FCF ÷ Shares Outstanding

Price / FCF

x4.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x4.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CFW.TO · cash flow statement · operating / investing / financing

For FY2025, Calfrac Well Services Ltd. generated $199.6M in operating cash flow and spent 129M in capital expenditures, yielding $70.6M in free cash flow.

Operating Activities

+$199.6M

Cash from core business operations

2025-12-31

Investing Activities

−$124.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$87.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($199.6M) − |CapEx| (129M) = FCF ($70.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

CFW.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

$Calfrac Well Services Ltd.$

Calfrac Well Services Ltd.YOU

CFW.TO

$70.6M+219.7%5.1%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Calfrac Well Services Ltd. (CFW.TO) reported free cash flow of $70.6M for FY2025 (fiscal year ending 2025-12-31), up 219.7% year-over-year. The FCF margin was 5.1%.

Based on available data, Calfrac Well Services Ltd. has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $113.0M in FY2023.

Calfrac Well Services Ltd.'s FCF yield is 27.24% and price-to-FCF ratio is 4.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CFW.TO free cash flow · 8 questions

Calfrac Well Services Ltd. free cash flow was $70.6M for FY2025, up 219.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $138.3M.

CFW.TO free cash flowCFW.TO FCFCFW.TO FCF 2025CFW.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Calfrac Well Services Ltd. · Calfrac Well Services Ltd. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026