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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,323	1,388	1,567	1,864	1,499	880.25
Revenue Growth (YoY)	-17.68%	-11.46%	-15.92%	24.35%	70.32%	24.78%
Cost of Revenue	1,179	1,237	1,457	1,596	1,345	915.59
Gross Profit	144.03	151.25	110.49	268.13	154.61	-35.34
Selling, General & Admin	60.01	61.4	64.82	60.61	62.2	42.76
Other Operating Expenses	-19.22	-5.52	9.41	-23.81	21.57	5.77
Total Operating Expenses	40.79	55.89	74.23	36.8	83.77	48.53
Operating Income	103.24	95.36	36.26	231.32	70.84	-83.87
Interest Expense	-24.69	-29.41	-31.21	-29.69	-46.56	-37.74
Total Non-Operating Income (Expense)	-24.69	-29.41	-31.21	-29.69	-46.56	-37.74
Pretax Income	69.83	65.95	5.05	201.63	24.28	-121.61
Provision for Income Taxes	16.81	24.02	-3.49	4.06	-11.02	-26.88
Net Income	34.05	18.6	12.23	183.78	11.68	-70.89
Earnings From Discontinued Operations	-9.48	-11.67	1.85	-6.9	-23.63	11.92
Net Income to Common	34.05	18.6	12.23	183.78	11.68	-70.89
Net Income Growth	99.54%	52.12%	-93.35%	1473.82%	-	-
Shares Outstanding (Basic)	91	88	88	81	43	32
Shares Outstanding (Diluted)	92	88	88	88	85	32
Shares Change (YoY)	3.81%	0.18%	-0.50%	4.32%	163.80%	-40.85%
EPS (Basic)	0.47	0.34	0.12	2.35	0.27	-2.21
EPS (Diluted)	0.47	0.34	0.12	2.16	0.19	-2.21
EPS Growth	135.00%	183.33%	-94.44%	1036.84%	-	-
Shares Outstanding	99.88	98.91	85.87	85.72	80.73	37.7
Free Cash Flow	138.34	70.56	-56.66	113	27.72	-78.77
Free Cash Flow Growth	96.06%	-	-	307.61%	-	-
Free Cash Flow Per Share	1.51	0.80	-0.64	1.28	0.33	-2.46
Gross Margin	10.88%	10.90%	7.05%	14.38%	10.31%	-4.01%
Operating Margin	7.80%	6.87%	2.31%	12.41%	4.72%	-9.53%
Profit Margin	3.29%	2.18%	0.66%	10.23%	2.35%	-9.41%
FCF Margin	10.45%	5.08%	-3.61%	6.06%	1.85%	-8.95%
EBITDA	226.3	220.15	172.14	347.96	193.06	44.06
EBITDA Margin	17.10%	15.86%	10.98%	18.66%	12.88%	5.01%
EBIT	103.24	95.36	36.26	231.32	70.84	-83.87
EBIT Margin	7.80%	6.87%	2.31%	12.41%	4.72%	-9.53%
Effective Tax Rate	24.07%	36.42%	-69.01%	2.01%	-45.40%	22.10%

Updated May 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.