Greenfire Resources

GFR

Oil & Gas Exploration & Production · Energy

Also trades as: GFR.TO

Price

$6.45

+0.08 (+1.26%)

Market Cap

$466.9M

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

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

How the score breaks down

Quality

Good

Growth

Weak

Cash Flow

Weak

Stability

Strong

Valuation

Data not available

Track this stock — start free trial

Share count rising — dilution

+93.3% over 4y

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

Diluted shares outstanding: 37.5M (2021) → 72.5M (2025)

Winston Score History

The full picture

Greenfire Resources is a Canadian oil company that pulls a thick, heavy type of oil called bitumen out of the ground in Alberta, Canada. It uses a drilling method called Steam-Assisted Gravity Drainage (SAGD), which pumps steam underground to loosen the bitumen so it can flow to the surface. The company sells this oil to refineries, mostly in North America, that can process heavy crude.

Greenfire makes money by selling the bitumen it produces, so its revenue rises and falls with oil prices. It operates entirely in Alberta's oil sands region, making it a small, single-geography producer with a market cap around $400 million. The oil sands have high upfront costs and require a lot of energy to operate, which squeezes margins when oil prices drop. The biggest risk the company faces is its heavy reliance on one commodity in one location, leaving it highly exposed to swings in crude oil prices and pipeline access constraints.

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

+24.1% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-37.7% 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

73.2%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~0 months

C$3M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Greenfire Resources has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

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

45.9%

Healthy — 45.9% gross margin

Profit after running costs

Operating Margin

23.6%

Excellent — 23.6% operating margin

Return on the money invested

ROCE

6.6%

Weak — 6.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

-17.6%

Shrinking sales (-17.6% YoY)

Profit growth

EPS YoY

-130.1%

Earnings shrinking (-130.1% 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

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-10.0%

Burning cash (-10.0%)

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

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.02

Conservative — low debt load (0.02)

Covers its interest

Interest Cover

3.66x

Tight — interest eats into profit (3.7x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

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

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial