# Enerflex (EFXT.US)

Canonical: https://gigainvestors.com/s/EFXT

Analysis as of: 2026-10-16T07:28:11.893Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $24.44 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

## Price story

Up 514% since Oct 2023 · "Enerflex Q2 2025 slides: Record EBITDA amid natural gas demand growth" (investing.com, Aug 2025)

Story as of 2026-10-16T09:58:40.716Z; price observation 2026-10-15.

- 2025-08-07: Enerflex Q2 2025 slides: Record EBITDA amid natural gas demand growth ([investing.com](https://www.investing.com/news/company-news/enerflex-q2-2025-slides-record-ebitda-amid-natural-gas-demand-growth-93CH-4177777))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in oil & gas equipment & services; annual sales are USD 2.6 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1904856/000119312526072743/efxt-20251231.htm (filed 2026-02-26); FY2025: revenue 2616006727; grossProfit 567768087; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); EFXT.US: Enerflex Ltd. offers modular natural gas, power technology, and treated water solutions in North America, Latin America, and the Eastern Hemisphere. The company's portfolio includes compression, processing, cryogenic, treated water solutions, and energy infrastructure portfolio includes energy infrastructure solutions under contract for natural gas processing, compression, and treated water equipment. It also provides contract operations services that includes trained personnel, equipment, tools, materials, and supplies to meet natural gas needs, electric power, and produced water needs as well as designing, sourcing, installing, operating, servicing, repairing, and maintaining equipment. In addition, the company offers after-market services products, such as delivers comprehensive mechanical services to client partners, including parts distribution; operations and maintenance solutions; equipment optimization and maintenance programs; manufacturer warranties; exchange components; long-term service agreements; and technical services, as well as provides contract operations and maintenance services for natural gas facilities. Further, the company involves in the sale of modular natural gas-handling and low-carbon solutions that are engineered, designed, fabricated, and assembled for gas processing, including cryogenic solutions; gas compression systems; CCUS; water treatment; and electric power generation systems, as well as engineers, designs, fabricates, constructs, commissions, operates, and services hydrocarbon processing equipment. Additionally, it provides field construction, installation, and commissioning for an integrated electric power solution, as well as re-engineering and refurbishment services. The company was formerly known as Enerflex Systems Income Fund and changed its name to Enerflex Ltd. in January 2010. Enerflex Ltd. was founded in 1980 and is headquartered in Calgary, Canada.

### Why customers stay

Margins ranged from 14.5% to 21.7% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-26); FY2023: grossProfit / revenue = 17.6%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-26); FY2024: grossProfit / revenue = 14.5%.

- Source: https://www.sec.gov/Archives/edgar/data/1904856/000119312526072743/efxt-20251231.htm (filed 2026-02-26); FY2025: grossProfit / revenue = 21.7%.

### Where the cash goes

Paid dividends in 3 of 3 years; bought back USD 23.4 million of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-26); FY2023: growth capex 0; upkeep 111000000; owner earnings 67610982. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-26); FY2024: growth capex 0; upkeep 18000000; owner earnings 197463561. Growth capex / owner earnings = 0.

- Source: https://www.sec.gov/Archives/edgar/data/1904856/000119312526072743/efxt-20251231.htm (filed 2026-02-26); FY2025: growth capex 0; upkeep 116917778; owner earnings 109202576. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-26); Dividend observations: [[2023,9000000],[2024,9000000],[2025,17283497]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/1904856/000119312526072743/efxt-20251231.htm (filed 2026-02-26); FY2025: cash repurchases 23383554 USD.

### Are managers owners

Insiders own 0.5% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); EFXT.US SharesStats.PercentInsiders = 0.46499999999999997 percentage points; cache date 2026-10-16.

### What the price says

The price is 1.1 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-26); Closing price 24.44 USD; reporting-to-trading FX 1; FY2025 annual sales per share 21.2586301060126; price multiple 1.1496507478667504. FY2025 cash earnings/share 0.8874201835367562. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $11.05 per share

- 2016-11: $12.46 per share

- 2016-12: $12.72 per share

- 2017-01: $13.98 per share

- 2017-02: $14.00 per share

- 2017-03: $14.29 per share

- 2017-04: $15.30 per share

- 2017-05: $13.61 per share

- 2017-06: $14.51 per share

- 2017-07: $14.28 per share

- 2017-08: $12.39 per share

- 2017-09: $14.98 per share

- 2017-10: $13.46 per share

- 2017-11: $12.46 per share

- 2017-12: $12.27 per share

- 2018-01: $12.51 per share

- 2018-02: $12.85 per share

- 2018-03: $11.89 per share

- 2018-04: $12.52 per share

- 2018-05: $12.11 per share

- 2018-06: $10.79 per share

- 2018-07: $11.08 per share

- 2018-08: $12.05 per share

- 2018-09: $12.53 per share

- 2018-10: $12.32 per share

- 2018-11: $13.33 per share

- 2018-12: $11.72 per share

- 2019-01: $13.10 per share

- 2019-02: $14.76 per share

- 2019-03: $14.26 per share

- 2019-04: $14.79 per share

- 2019-05: $13.46 per share

- 2019-06: $13.02 per share

- 2019-07: $12.80 per share

- 2019-08: $9.15 per share

- 2019-09: $8.87 per share

- 2019-10: $8.50 per share

- 2019-11: $9.12 per share

- 2019-12: $9.41 per share

- 2020-01: $7.49 per share

- 2020-02: $5.53 per share

- 2020-03: $3.76 per share

- 2020-04: $3.52 per share

- 2020-05: $4.05 per share

- 2020-06: $3.75 per share

- 2020-07: $3.75 per share

- 2020-08: $4.51 per share

- 2020-09: $3.61 per share

- 2020-10: $3.62 per share

- 2020-11: $5.42 per share

- 2020-12: $5.29 per share

- 2021-01: $5.22 per share

- 2021-02: $6.81 per share

- 2021-03: $6.46 per share

- 2021-04: $6.39 per share

- 2021-05: $6.56 per share

- 2021-06: $6.75 per share

- 2021-07: $5.78 per share

- 2021-08: $6.09 per share

- 2021-09: $7.32 per share

- 2021-10: $8.55 per share

- 2021-11: $5.79 per share

- 2021-12: $6.05 per share

- 2022-01: $5.68 per share

- 2022-02: $6.10 per share

- 2022-03: $6.46 per share

- 2022-04: $6.88 per share

- 2022-05: $6.29 per share

- 2022-06: $4.69 per share

- 2022-07: $4.58 per share

- 2022-08: $5.36 per share

- 2022-09: $4.26 per share

- 2022-10: $5.17 per share

- 2022-11: $6.57 per share

- 2022-12: $6.32 per share

- 2023-01: $7.20 per share

- 2023-02: $6.60 per share

- 2023-03: $5.96 per share

- 2023-04: $6.07 per share

- 2023-05: $5.82 per share

- 2023-06: $6.82 per share

- 2023-07: $8.12 per share

- 2023-08: $6.16 per share

- 2023-09: $5.73 per share

- 2023-10: $3.98 per share

- 2023-11: $4.29 per share

- 2023-12: $4.67 per share

- 2024-01: $5.15 per share

- 2024-02: $5.79 per share

- 2024-03: $5.83 per share

- 2024-04: $5.83 per share

- 2024-05: $5.20 per share

- 2024-06: $5.40 per share

- 2024-07: $5.59 per share

- 2024-08: $5.85 per share

- 2024-09: $5.96 per share

- 2024-10: $6.61 per share

- 2024-11: $9.15 per share

- 2024-12: $9.95 per share

- 2025-01: $9.50 per share

- 2025-02: $7.97 per share

- 2025-03: $7.73 per share

- 2025-04: $6.55 per share

- 2025-05: $7.03 per share

- 2025-06: $7.89 per share

- 2025-07: $7.98 per share

- 2025-08: $10.09 per share

- 2025-09: $10.78 per share

- 2025-10: $12.59 per share

- 2025-11: $13.99 per share

- 2025-12: $15.43 per share

- 2026-01: $18.36 per share

- 2026-02: $22.40 per share

- 2026-03: $20.92 per share

- 2026-04: $26.82 per share

- 2026-05: $24.92 per share

- 2026-06: $24.51 per share

- 2026-07: $22.28 per share

- 2026-08: $20.40 per share

- 2026-09: $22.79 per share

- 2026-10: $24.04 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 40-F filing](https://www.sec.gov/Archives/edgar/data/1904856/000119312526072743/efxt-20251231.htm); period 2025-12-31, filed 2026-02-26.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.