Enerflex Ltd. key statistics and ratios

In fiscal 2025, Enerflex Ltd. had return on equity of 6.0%, an operating margin of 11.9%, debt equal to 53.2% of equity and a current ratio of 1.13. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Enerflex Ltd.: financial ratios, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	19.5%	20.9%	22.6%
Operating margin	5.2%	7.2%	11.9%
Net margin	−3.5%	1.3%	2.5%
Free-cash-flow margin	8.1%	12.8%	12.7%
Return on equity	−7.9%	3.0%	6.0%
Return on assets	−2.8%	1.1%	2.3%
Asset turnover	0.79	0.84	0.94
Current ratio	1.25	1.14	1.13
Debt to equity	87.2%	67.5%	53.2%
Interest cover (operating income ÷ interest)	24.2x	43.3x	76.5x
Effective tax rate	—	60.5%	60.7%
Capital spending as % of revenue	0.7%	0.7%	0.7%
Free cash flow ÷ net income	—	962.5%	509.4%
Dividends ÷ net income	—	28.1%	26.6%
Dividends and buybacks ÷ free cash flow	4.7%	2.9%	5.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 6 checks passed · December 31, 2025

What it owns · $2.7bn

Short-term assets $992mLonger-term assets $1.7bn

What it owes, and who funded it · $2.7bn

Short-term liabilities $879mLonger-term liabilities $722mShareholders' equity $1.1bn

Short-term assets cover short-term liabilities $992m of assets due within a year against $879m of liabilities due within a year.
Short-term assets cover long-term liabilities $992m short-term assets against $722m of longer-dated liabilities.
More cash than debt $81m of cash against $582m of debt.
Debt below 40% of shareholders' equity Debt is 53% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $345m of operating cash flow against $582m of debt.
Operating profit covers interest at least five times over Operating income of $306m against $4m of interest.

From Enerflex Ltd.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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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.