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Trican Well Service

TOLWF
52
Oil & Gas Equipment & Services · Energy
Price
$4.55
-0.01 (-0.16%)
Market Cap
$955.5M
Exchange
Other OTC
Winston Score
52
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Sep 11, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Mixed
Growth
Mixed
Cash Flow
Exceptional
Stability
Good
Valuation
Strong
Dividends
Strong
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Share count falling — buybacks

−24.1% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 257.8M (2021) → 195.8M (2025)

§Winston Score History

The full picture

Trican Well Service is a Canadian company that helps oil and gas producers get more fuel out of the ground. Its main services include hydraulic fracturing (pumping fluid underground to crack rock and release oil or gas), cementing, coiled tubing, and nitrogen operations. It is one of the largest pressure pumping companies in the Western Canadian Sedimentary Basin.

Trican earns revenue by charging energy producers for its equipment and crews on a per-job or per-stage basis. The company operates primarily in western Canada, with a market cap around $1 billion. Its scale and large equipment fleet give it a cost advantage over smaller regional competitors. Growth depends heavily on Canadian drilling activity, which is tied to commodity prices and pipeline capacity — a prolonged downturn in natural gas or oil prices is the main risk to the business.

Growth Profile

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

Revenue Growth

+0.4% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-109.1% 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

13.8%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

C$15M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

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

Growth context

Trican Well Service is growing revenue at 0% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

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
6.3%
Thin — 6.3% gross margin
Profit after running costs
Operating Margin
-1.2%
Losing money on operations — -1.2%
Return on the money invested
ROCE
20.5%
Exceptional — 20.5% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+20.5%
Fast-growing sales (+20.5% YoY)
Profit growth
EPS YoY
-20.4%
Earnings shrinking (-20.4% YoY)

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

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
263%
Turns 263% of profit into real cash
Spare cash per sale
FCF Margin
13.7%
Converts sales into free cash efficiently (13.7%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
27.31x
Comfortably covers interest (27.3x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
10.6x
Attractive valuation — P/E 10.6

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+1.9
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend
Dividend Yield
3.49%
Moderate income — 3.49% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+11.2%
Dividend growing fast (11.2% YoY)

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