Source Energy Services Ltd. (TSX:SHLE)

Canada · Delayed Price · Currency is CAD

12.58

+0.18 (1.45%)

Jul 24, 2026, 3:59 PM EST

Source Energy Services Financials Overview

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

Millions CAD. Fiscal year is Jan - Dec.

Revenue & Profits

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	651.96	700.31	673.95	569.75	415.91	319.86
Revenue Growth	-8.55%	3.91%	18.29%	36.99%	30.03%	28.01%
Gross Profit	357.02	657.62	638.66	109.41	58.15	39.33
Operating Income	34.03	46.5	65.29	60.7	17.48	3.66
Net Income	-6.22	33.08	9.51	167.35	-8.77	-24.4
Earnings Per Share	0.46	2.48	0.70	11.88	-0.65	-1.80
EPS Growth	-79.19%	254.29%	-94.11%	-	-	-

Revenue by Geography

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
Canada	647.16	695.81	670.97	559.06	401.39	318.51
United States	4.81	4.5	2.98	10.69	14.52	1.35
Total	651.96	700.31	673.95	569.75	415.91	319.86

Cash & Debt

Fiscal Year	Current	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
Cash & Investments	5.01	19.9	32.72	0	0	0
Total Debt	297.26	277.25	274.87	221.79	244.94	221.47
Net Cash (Debt)	-292.25	-257.35	-242.15	-221.79	-244.94	-221.47
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-22.35	-19.29	-17.88	-15.74	-18.15	-16.34

Cash Flow & CapEx

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
Operating Cash Flow	90.65	117.69	94.39	80.24	80.17	14.01
Capital Expenditures	-64.9	-59.85	-43.32	-22.11	-14.8	-6.52
Free Cash Flow	25.75	57.84	51.07	58.13	65.37	7.49
Free Cash Flow Growth	-64.64%	13.26%	-12.15%	-11.08%	772.35%	-79.00%

Margins

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
Gross Margin	54.76%	93.91%	94.76%	19.20%	13.98%	12.30%
Operating Margin	5.22%	6.64%	9.69%	10.65%	4.20%	1.14%
Pretax Margin	0.57%	5.49%	2.65%	26.32%	-2.11%	-7.63%
Profit Margin	-0.95%	4.72%	1.41%	29.37%	-2.11%	-7.63%
FCF Margin	3.95%	8.26%	7.58%	10.20%	15.72%	2.34%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 25, 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
PE Ratio	27.36	6.13	23.20	0.50	-	-
Forward PE	8.25	4.06	5.74	2.98	4.39	9.64
P/FCF Ratio	6.39	3.44	4.31	1.39	0.39	2.89
PS Ratio	0.25	0.28	0.33	0.14	0.06	0.07