Calfrac Well Services Ltd. Net Assets
Calfrac Well Services Ltd. net assets. Based on the latest financial reports, Calfrac Well Services Ltd. (CFW) has net assets worth CA$664.28 Million CAD (≈ $480.53 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.05 Billion ≈ $757.53 Million USD) and total liabilities (CA$382.92 Million ≈ $277.00 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Calfrac Well Services Ltd. equity growth rate to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$664.28 Million |
| % of Total Assets | 63.43% |
| Annual Growth Rate | 11.25% |
| 5-Year Change | 102.01% |
| 10-Year Change | 33.53% |
| Growth Volatility | 33.06 |
Net Assets of Calfrac Well Services Ltd. (1996–2025)
Net assets of Calfrac Well Services Ltd. from 1996 to 2025. This chart illustrates how Calfrac Well Services Ltd.'s net assets have evolved over time, based on quarterly financial data. See Calfrac Well Services Ltd. net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Calfrac Well Services Ltd. (1996–2025)
The table below shows the annual net assets of Calfrac Well Services Ltd. from 1996 to 2025. For live market cap and overall valuation, see Calfrac Well Services Ltd. (CFW) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$664.28 Million ≈ $480.53 Million |
+1.68% |
| 2024-12-31 | CA$653.33 Million ≈ $472.61 Million |
+6.08% |
| 2023-12-31 | CA$615.90 Million ≈ $445.53 Million |
+45.61% |
| 2022-12-31 | CA$422.97 Million ≈ $305.97 Million |
+28.63% |
| 2021-12-31 | CA$328.84 Million ≈ $237.88 Million |
-19.84% |
| 2020-12-31 | CA$410.23 Million ≈ $296.76 Million |
+11.29% |
| 2019-12-31 | CA$368.62 Million ≈ $266.66 Million |
-28.26% |
| 2018-12-31 | CA$513.82 Million ≈ $371.69 Million |
-5.49% |
| 2017-12-31 | CA$543.64 Million ≈ $393.26 Million |
+9.28% |
| 2016-12-31 | CA$497.46 Million ≈ $359.85 Million |
-20.24% |
| 2015-12-31 | CA$623.72 Million ≈ $451.19 Million |
-25.07% |
| 2014-12-31 | CA$832.40 Million ≈ $602.15 Million |
+4.68% |
| 2013-12-31 | CA$795.21 Million ≈ $575.24 Million |
+1.85% |
| 2012-12-31 | CA$780.76 Million ≈ $564.79 Million |
+11.45% |
| 2011-12-31 | CA$700.57 Million ≈ $506.78 Million |
+35.34% |
| 2010-12-31 | CA$517.64 Million ≈ $374.46 Million |
+12.51% |
| 2009-12-31 | CA$460.10 Million ≈ $332.83 Million |
+16.92% |
| 2008-12-31 | CA$393.52 Million ≈ $284.67 Million |
+12.14% |
| 2007-12-31 | CA$350.92 Million ≈ $253.85 Million |
+15.62% |
| 2006-12-31 | CA$303.51 Million ≈ $219.55 Million |
+29.69% |
| 2005-12-31 | CA$234.02 Million ≈ $169.29 Million |
+33.29% |
| 2004-12-31 | CA$175.58 Million ≈ $127.01 Million |
+140.23% |
| 2003-12-31 | CA$73.09 Million ≈ $52.87 Million |
-17.09% |
| 2002-12-31 | CA$88.15 Million ≈ $63.77 Million |
+9.58% |
| 2001-12-31 | CA$80.44 Million ≈ $58.19 Million |
+7.56% |
| 2000-12-31 | CA$74.79 Million ≈ $54.10 Million |
+13.66% |
| 1999-12-31 | CA$65.80 Million ≈ $47.60 Million |
+23.22% |
| 1998-12-31 | CA$53.40 Million ≈ $38.63 Million |
-5.99% |
| 1997-12-31 | CA$56.80 Million ≈ $41.09 Million |
+88.08% |
| 1996-12-31 | CA$30.20 Million ≈ $21.85 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Calfrac Well Services Ltd.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1256.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Calfrac Well Services Ltd. Net Assets Breakdown (December 2025)
Calfrac Well Services Ltd. net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$946.65 Million | 142.51% |
| Other Comprehensive Income | CA$-9.38 Million | -1.41% |
| Other Components | CA$76.22 Million | 11.47% |
| Total Equity | CA$664.28 Million | 100.00% |
Calfrac Well Services Ltd. Competitors by Market Cap
The table below lists competitors of Calfrac Well Services Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Jinma Entertainment Corp Ltd
SHE:300756
|
$509.80 Million |
|
Nova Technology
TWO:6613
|
$509.84 Million |
|
CoinShares International Ltd
ST:CS
|
$509.93 Million |
|
Surya Roshni Limited
NSE:SURYAROSNI
|
$510.10 Million |
|
LH Hotel Leasehold Real Estate Investment Trust
BK:LHHOTEL
|
$509.73 Million |
|
Anhui Wanyi Science and Technology Co Ltd
SHG:688600
|
$509.56 Million |
|
Danske Andelskassers Bank A/S
CO:DAB
|
$509.52 Million |
|
eXp World Holdings, Inc.
NASDAQ:AGNT
|
$509.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Calfrac Well Services Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 653,330,000 to 664,279,000, a change of 10,949,000 (1.7%).
- Net income of 30,268,000 contributed positively to equity growth.
- Share repurchases of 34,795,000 reduced equity.
- Other comprehensive income decreased equity by 53,254,000.
- Other factors increased equity by 68,730,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$30.27 Million | +4.56% |
| Share Repurchases | CA$34.80 Million | -5.24% |
| Other Comprehensive Income | CA$-53.25 Million | -8.02% |
| Other Changes | CA$68.73 Million | +10.35% |
| Total Change | CA$- | 1.68% |
Book Value vs Market Value Analysis
This analysis compares Calfrac Well Services Ltd.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.95x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.29x to 0.95x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | CA$24.11 | CA$7.02 | x |
| 1997-12-31 | CA$44.20 | CA$7.02 | x |
| 1998-12-31 | CA$40.45 | CA$7.02 | x |
| 1999-12-31 | CA$53.50 | CA$7.02 | x |
| 2000-12-31 | CA$58.82 | CA$7.02 | x |
| 2001-12-31 | CA$61.76 | CA$7.02 | x |
| 2002-12-31 | CA$64.09 | CA$7.02 | x |
| 2003-12-31 | CA$51.60 | CA$7.02 | x |
| 2004-12-31 | CA$138.51 | CA$7.02 | x |
| 2005-12-31 | CA$159.61 | CA$7.02 | x |
| 2006-12-31 | CA$218.30 | CA$7.02 | x |
| 2007-12-31 | CA$240.10 | CA$7.02 | x |
| 2008-12-31 | CA$255.67 | CA$7.02 | x |
| 2009-12-31 | CA$298.85 | CA$7.02 | x |
| 2010-12-31 | CA$295.90 | CA$7.02 | x |
| 2011-12-31 | CA$394.64 | CA$7.02 | x |
| 2012-12-31 | CA$436.10 | CA$7.02 | x |
| 2013-12-31 | CA$432.61 | CA$7.02 | x |
| 2014-12-31 | CA$439.63 | CA$7.02 | x |
| 2015-12-31 | CA$326.58 | CA$7.02 | x |
| 2016-12-31 | CA$215.89 | CA$7.02 | x |
| 2017-12-31 | CA$200.07 | CA$7.02 | x |
| 2018-12-31 | CA$174.97 | CA$7.02 | x |
| 2019-12-31 | CA$127.49 | CA$7.02 | x |
| 2020-12-31 | CA$97.14 | CA$7.02 | x |
| 2021-12-31 | CA$3.92 | CA$7.02 | x |
| 2022-12-31 | CA$5.00 | CA$7.02 | x |
| 2023-12-31 | CA$6.98 | CA$7.02 | x |
| 2024-12-31 | CA$7.59 | CA$7.02 | x |
| 2025-12-31 | CA$7.40 | CA$7.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Calfrac Well Services Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.18%
- • Asset Turnover: 1.33x
- • Equity Multiplier: 1.58x
- Recent ROE (4.56%) is below the historical average (6.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 165.89% | 56.36% | 0.54x | 5.44x | CA$47.08 Million |
| 1997 | 45.25% | 35.16% | 0.36x | 3.63x | CA$20.02 Million |
| 1998 | -6.18% | -6.30% | 0.25x | 3.89x | CA$-8.64 Million |
| 1999 | 18.69% | 60.00% | 0.10x | 3.04x | CA$5.72 Million |
| 2000 | 12.08% | 22.68% | 0.24x | 2.22x | CA$1.55 Million |
| 2001 | 5.87% | 14.82% | 0.18x | 2.16x | CA$-3.33 Million |
| 2002 | 3.48% | 8.08% | 0.22x | 1.93x | CA$-5.75 Million |
| 2003 | -21.83% | -44.75% | 0.24x | 2.03x | CA$-23.26 Million |
| 2004 | 26.08% | 18.90% | 0.91x | 1.52x | CA$28.13 Million |
| 2005 | 25.69% | 19.12% | 0.93x | 1.44x | CA$36.71 Million |
| 2006 | 23.87% | 16.99% | 0.94x | 1.50x | CA$42.10 Million |
| 2007 | 10.99% | 8.38% | 0.82x | 1.59x | CA$3.48 Million |
| 2008 | 4.54% | 3.17% | 0.82x | 1.76x | CA$-21.48 Million |
| 2009 | -1.20% | -0.94% | 0.70x | 1.83x | CA$-51.53 Million |
| 2010 | 10.40% | 5.75% | 0.84x | 2.16x | CA$2.05 Million |
| 2011 | 26.75% | 12.19% | 1.09x | 2.01x | CA$117.37 Million |
| 2012 | 12.43% | 6.09% | 1.05x | 1.95x | CA$18.98 Million |
| 2013 | 3.50% | 1.78% | 0.84x | 2.35x | CA$-51.76 Million |
| 2014 | 8.04% | 2.68% | 1.16x | 2.59x | CA$-16.36 Million |
| 2015 | -35.31% | -14.82% | 0.82x | 2.89x | CA$-284.35 Million |
| 2016 | -39.10% | -26.97% | 0.46x | 3.18x | CA$-248.75 Million |
| 2017 | 1.06% | 0.39% | 0.86x | 3.19x | CA$-49.87 Million |
| 2018 | -5.09% | -1.16% | 1.27x | 3.47x | CA$-77.56 Million |
| 2019 | -42.37% | -9.64% | 1.06x | 4.14x | CA$-193.07 Million |
| 2020 | -79.04% | -45.96% | 0.77x | 2.22x | CA$-365.26 Million |
| 2021 | -25.18% | -9.41% | 0.99x | 2.72x | CA$-115.70 Million |
| 2022 | 2.76% | 0.78% | 1.51x | 2.35x | CA$-30.62 Million |
| 2023 | 30.96% | 10.23% | 1.66x | 1.83x | CA$129.08 Million |
| 2024 | 1.59% | 0.66% | 1.27x | 1.89x | CA$-54.95 Million |
| 2025 | 4.56% | 2.18% | 1.33x | 1.58x | CA$-36.16 Million |
Industry Comparison
This section compares Calfrac Well Services Ltd.'s net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $302,213,736
- Average return on equity (ROE) among peers: -0.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Calfrac Well Services Ltd. (CFW) | CA$664.28 Million | 165.89% | 0.58x | $509.76 Million |
| Bri-Chem Corp. (BRY) | $47.17 Million | -17.76% | 1.79x | $4.21 Million |
| CES Energy Solutions Corp (CEU) | $697.57 Million | 6.84% | 0.89x | $2.86 Billion |
| Enterprise Group Inc (E) | $40.80 Million | 15.12% | 0.78x | $95.95 Million |
| Enerflex Ltd. (EFX) | $1.54 Billion | -6.54% | 1.77x | $2.31 Billion |
| HTC Purenergy Inc. (HTC) | $-2.37 Million | 0.00% | 0.00x | $1.03 Million |
| High Arctic Energy Services Inc. (HWO) | $111.80 Million | 22.00% | 0.23x | $10.10 Million |
| Mattr Corp (MATR) | $172.70 Million | 11.81% | 0.40x | $584.90 Million |
| Mccoy Global Inc (MCB) | $56.82 Million | 8.55% | 0.46x | $48.95 Million |
| North American Construction Group Ltd (NOA) | $52.53 Million | -41.76% | 10.17x | $257.23 Million |
About Calfrac Well Services Ltd.
Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. The company offers hydraulic fracturing, coiled tubing, cementing, and wireline services for the oil and natural gas industries. Calfrac Well Services Ltd. was founded in 1999 and is headquartered in Calgary, Canada.