Companies: 10,795·Total market cap: $144.5T
Tenaz Energy Corp.

Tenaz Energy Corp.

TNZ.TOTSXEnergy● Active
$52.96
+$2.20(+4.33%)
Market Cap$1.7B
P/E Ratio—
52W High$69.1
52W Low$17.75
Free Cash FlowFinancialsRevenue

Tenaz Energy Corp. (TNZ.TO) Free Cash Flow & Analysis

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

TNZ.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was $48.6M for FY2025 (fiscal year ending 2025-12-31), up 434.9% year-over-year The FCF margin was 17.1%.

FY2025 Free Cash Flow$48.6M▲ +434.9% YoY
Trailing 12M (TTM)$41.3Mtrailing 4 quarters sum
FCF Margin17.1%$48.6M ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
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 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
tnz.to free cash flow history · tnz.to free cash flow chart · tnz.to free cash flow growth rate · tnz.to free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$48.6M▲ +434.9%17.1%
FY2024−$14.5M▼ 49.9%-23.0%
FY2023−$9.7M▼ 24.8%-14.9%
FY2022−$7.8M▼ 20.3%-22.8%
FY2021−$6.4M▼ 17.9%-36.1%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
tnz.to free cash flow 2025 · tnz.to free cash flow 2024 · tnz.to free cash flow 2023 · tnz.to operating cash flow

FCF valuation metrics

Tenaz Energy Corp. (TNZ.TO) trades at a FCF yield of 2.38% and a price-to-free-cash-flow ratio of 36.3x. FCF per share stands at $1.46, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
2.38%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$1.46
TTM FCF ÷ Shares Outstanding
Price / FCF
x36.3
Share Price ÷ FCF per Share
EV / FCF (TTM)
x48.4
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
tnz.to price to free cash flow · tnz.to free cash flow yield · tnz.to free cash flow per share · tnz.to price to cash flow ratio

Cash flow statement summary

For FY2025, Tenaz Energy Corp. generated $115.9M in operating cash flow and spent 67M in capital expenditures, yielding $48.6M in free cash flow.

Operating Activities
+$115.9M
Cash from core business operations
2025-12-31
Investing Activities
−$368.9M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
+$170.0M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($115.9M) − |CapEx| (67M) = FCF ($48.6M)

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

View Full Cash Flow Statement →
tnz.to cash flow statement · tnz.to cash flow statement 2025 · tnz.to operating cash flow · tnz.to cash flow from operations

Free cash flow vs peers (Energy)

#CompanyFree Cash FlowYoY
#1
Tenaz Energy Corp.
Tenaz Energy Corp.YOU
TNZ.TO
$48.6M+434.9%
#2
Exxon Mobil Corporation
Exxon Mobil Corporation
XOM
$23.61B-23.1%#3
Shell plc
Shell plc
SHEL
$21.82B-37.8%#4
Chevron Corporation
Chevron Corporation
CVX
$16.59B+10.3%#5
TotalEnergies SE
TotalEnergies SE
TTE
$10.81B-32.2%#6
Enbridge Inc.
Enbridge Inc.
ENB.TO
$3.98B-29.8%
Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Tenaz Energy Corp. (TNZ.TO) reported free cash flow of $48.6M for FY2025 (fiscal year ending 2025-12-31), up 434.9% year-over-year. The FCF margin was 17.1%.

Based on available data, Tenaz Energy Corp. has maintained positive free cash flow for at least 2 fiscal year(s). FCF peaked at $48.6M in FY2025.

Tenaz Energy Corp.'s FCF yield is 2.38% and price-to-FCF ratio is 36.3x 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.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

TNZ.TO free cash flow · 8 questions

Tenaz Energy Corp. free cash flow was $48.6M for FY2025, up 434.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $41.3M.

TNZ.TO free cash flowTNZ.TO FCFTNZ.TO FCF 2025TNZ.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Tenaz Energy Corp. · Tenaz Energy Corp. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026