Enerflex Ltd. cash flow statement

In fiscal 2025, Enerflex Ltd.'s operations generated $345m of cash; it spent $19.0m on capital projects, leaving free cash flow of $326m. It returned $17.0m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Enerflex Ltd.: cash flow statement, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	206	324	345
Stock-based pay	6	29	26
Capital spending	16	16	19
Free cash flow	190	308	326
Free cash flow after stock pay	184	279	300
Dividends paid	9	9	17

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Enerflex Ltd.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Enerflex Ltd.