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Flint

FLNT.TO
24
Oil & Gas Equipment & Services · Energy
Price
C$1.44
+0.08 (+5.88%)
Market Cap
C$158.4M
Exchange
Toronto Stock Exchange
Winston Score
24
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Sep 30, 2022
How the score breaks down
Quality
Weak
Growth
Mixed
Cash Flow
Weak
Stability
Weak
Valuation
Data not available
Dividends
Good

Winston Score History

The full picture

Flint Corp. is a Canadian industrial services company that helps energy companies build, maintain, and repair their facilities. Its core services include construction, maintenance, and turnaround work for oil sands, pipelines, refineries, and other energy infrastructure. The company primarily serves large oil and gas producers operating in Western Canada.

Flint earns revenue by charging clients for labor and project work, typically under contracts that can be short-term or multi-year in nature. It operates almost entirely in Canada, making it heavily tied to the health of the Canadian energy sector, particularly Alberta's oil sands. With a thin operating margin of under 2%, the business has little room for error, and its main risk is that a slowdown in energy capital spending by its clients would quickly reduce demand for its services.

Growth Profile

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

Revenue Growth

+58.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-31.5% 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

97.7%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

C$4M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

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

Revenue accelerating

Flint grew revenue 58% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

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.

Share count broadly stable

+0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 109.9M (2017) → 110.0M (2021)

Score breakdown

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Quality

Profit per sale
Gross Margin
12.0%
Thin — 12.0% gross margin
Profit after running costs
Operating Margin
3.2%
Thin — 3.2% operating margin
Return on the money invested
ROCE
3.2%
Weak — 3.2% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth
Sales YoY
+49.7%
Fast-growing sales (+49.7% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-4.4%
Burning cash (-4.4%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
0.53x
Dangerous — barely covers interest (0.5x)

Interest coverage below 1. Their profits don't cover the interest bill.

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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
45.17%
Healthy income — 45.17% 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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