Calfrac Well Services Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,477	1,567	1,864	1,499	880.25	705.44
Revenue Growth (YoY)	-8.13%	-15.92%	24.35%	70.32%	24.78%	-56.48%
Cost of Revenue	1,347	1,457	1,596	1,345	915.59	806.58
Gross Profit	129.79	110.49	268.13	154.61	-35.34	-101.14
Selling, General & Admin	58.75	64.82	60.61	62.2	42.76	48.88
Other Operating Expenses	22.97	9.41	-23.81	21.57	5.77	271.08
Total Operating Expenses	81.72	74.23	36.8	83.77	48.53	319.97
Operating Income	48.07	36.26	231.32	70.84	-83.87	-421.11
Interest Expense	-30.9	-31.21	-29.69	-46.56	-37.74	-91.27
Other Non-Operating Income (Expense)	-	-	-	-	-	-356.76
Total Non-Operating Income (Expense)	-30.9	-31.21	-29.69	-46.56	-37.74	-448.03
Pretax Income	17.18	5.05	201.63	24.28	-121.61	-155.61
Provision for Income Taxes	-3.82	-3.49	4.06	-11.02	-26.88	168.62
Net Income	19.42	12.23	183.78	11.68	-70.89	-324.24
Earnings From Discontinued Operations	-0.78	1.85	-6.9	-23.63	11.92	-
Net Income to Common	19.42	12.23	183.78	11.68	-70.89	-324.24
Net Income Growth	-30.28%	-93.35%	1473.82%	-	-	-
Shares Outstanding (Basic)	88	86	81	43	32	4
Shares Outstanding (Diluted)	88	86	88	85	32	54
Shares Change (YoY)	0.66%	-2.47%	4.32%	163.80%	-40.85%	1764.05%
EPS (Basic)	0.22	0.12	2.35	0.27	-2.21	-76.78
EPS (Diluted)	0.22	0.12	2.16	0.19	-2.21	-76.78
EPS Growth	-29.03%	-94.44%	1036.84%	-	-	-
Free Cash Flow	57.51	-58.95	113	27.72	-78.77	-21.67
Free Cash Flow Growth	-	-	307.61%	-	-	-
Free Cash Flow Per Share	-	-0.68	1.28	0.33	-	-0.40
Gross Margin	8.79%	7.05%	14.38%	10.31%	-4.01%	-14.34%
Operating Margin	3.25%	2.31%	12.41%	4.72%	-9.53%	-59.69%
Profit Margin	1.37%	0.66%	10.23%	2.35%	-9.41%	-45.96%
FCF Margin	3.89%	-3.76%	6.06%	1.85%	-8.95%	-3.07%
EBITDA	187.18	172.14	347.96	193.06	44.06	-249.09
EBITDA Margin	12.67%	10.98%	18.66%	12.88%	5.01%	-35.31%
EBIT	48.07	36.26	231.32	70.84	-83.87	-421.11
EBIT Margin	3.25%	2.31%	12.41%	4.72%	-9.53%	-59.69%
Effective Tax Rate	-22.21%	-69.01%	2.01%	-45.40%	22.10%	-108.36%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.