AKITA Drilling

AKT-A.TO

Oil & Gas Drilling · Energy

Also trades as: AKTAF

Price

C$3.41

+0.04 (+1.19%)

Market Cap

C$125.4M

Exchange

Toronto Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Good

Valuation

Data not available

Dividends

Good

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Share count rising — dilution

+2.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 39.6M (2021) → 40.4M (2025)

Winston Score History

The full picture

AKITA Drilling is a Canadian contract drilling company that helps oil and gas producers dig wells to extract oil and natural gas. It operates a fleet of drilling rigs and provides the crews and equipment needed to drill those wells, primarily serving energy companies across Western Canada and parts of the United States. The company is a smaller, regional player in the contract drilling industry.

AKITA makes money by charging oil and gas companies a daily rate to use its rigs and services, meaning revenue depends heavily on how many rigs are working at any given time. It operates mainly in Alberta and British Columbia, with a market cap of roughly $100 million, making it one of the smaller publicly traded drillers in Canada. The company's thin margins and slightly negative operating income reflect the highly cyclical nature of contract drilling, where activity levels rise and fall with oil and gas prices — making commodity price swings the central risk to its business.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-6.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-359.5% YoY

YoY Growth Rate

Earnings declining

R&D Spend

C$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

6.3%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

C$13M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

AKITA Drilling's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

0.5%

Thin — 0.5% gross margin

Profit after running costs

Operating Margin

-13.9%

Losing money on operations — -13.9%

Return on the money invested

ROCE

-2.9%

Weak — -2.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-15.8%

Shrinking sales (-15.8% YoY)

Profit growth

EPS YoY

-125.3%

Earnings shrinking (-125.3% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

2.6%

Thin free cash flow (2.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

0.15

Conservative — low debt load (0.15)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

9.97%

Healthy income — 9.97% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

+0.0%

Dividend flat

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