PHX Energy Services Corporation (PHX) - Net Assets
Based on the latest financial reports, PHX Energy Services Corporation (PHX) has net assets worth CA$223.72 Million CAD (≈ $161.84 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$472.82 Million ≈ $342.03 Million USD) and total liabilities (CA$249.10 Million ≈ $180.19 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. Check PHX Energy Services Corporation tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$223.72 Million |
| % of Total Assets | 47.32% |
| Annual Growth Rate | 9.66% |
| 5-Year Change | 70.38% |
| 10-Year Change | 28.4% |
| Growth Volatility | 20.84 |
PHX Energy Services Corporation - Net Assets Trend (2002–2025)
This chart illustrates how PHX Energy Services Corporation's net assets have evolved over time, based on quarterly financial data. See PHX Energy Services Corporation liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for PHX Energy Services Corporation (2002–2025)
The table below shows the annual net assets of PHX Energy Services Corporation from 2002 to 2025. For live valuation and market cap data, see market value of PHX Energy Services Corporation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$229.04 Million ≈ $165.69 Million |
+3.08% |
| 2024-12-31 | CA$222.21 Million ≈ $160.74 Million |
+5.83% |
| 2023-12-31 | CA$209.97 Million ≈ $151.89 Million |
+18.71% |
| 2022-12-31 | CA$176.88 Million ≈ $127.95 Million |
+31.57% |
| 2021-12-31 | CA$134.43 Million ≈ $97.25 Million |
+1.82% |
| 2020-12-31 | CA$132.03 Million ≈ $95.51 Million |
-11.35% |
| 2019-12-31 | CA$148.94 Million ≈ $107.74 Million |
-11.56% |
| 2018-12-31 | CA$168.41 Million ≈ $121.83 Million |
-7.23% |
| 2017-12-31 | CA$181.54 Million ≈ $131.32 Million |
+1.77% |
| 2016-12-31 | CA$178.39 Million ≈ $129.04 Million |
-11.22% |
| 2015-12-31 | CA$200.94 Million ≈ $145.36 Million |
+0.49% |
| 2014-12-31 | CA$199.96 Million ≈ $144.65 Million |
+0.75% |
| 2013-12-31 | CA$198.48 Million ≈ $143.58 Million |
+72.45% |
| 2012-12-31 | CA$115.09 Million ≈ $83.26 Million |
+1.08% |
| 2011-12-31 | CA$113.87 Million ≈ $82.37 Million |
+11.15% |
| 2010-12-31 | CA$102.44 Million ≈ $74.11 Million |
+12.02% |
| 2009-12-31 | CA$91.45 Million ≈ $66.16 Million |
+1.39% |
| 2008-12-31 | CA$90.20 Million ≈ $65.25 Million |
+50.68% |
| 2007-12-31 | CA$59.86 Million ≈ $43.30 Million |
+1.62% |
| 2006-12-31 | CA$58.91 Million ≈ $42.61 Million |
+9.93% |
| 2005-12-31 | CA$53.59 Million ≈ $38.76 Million |
+35.92% |
| 2004-12-31 | CA$39.43 Million ≈ $28.52 Million |
+40.49% |
| 2003-12-31 | CA$28.06 Million ≈ $20.30 Million |
+2.07% |
| 2002-12-31 | CA$27.49 Million ≈ $19.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to PHX Energy Services Corporation'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 314.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$201.72 Million | 88.07% |
| Other Comprehensive Income | CA$29.89 Million | 13.05% |
| Other Components | CA$7.33 Million | 3.20% |
| Total Equity | CA$229.04 Million | 100.00% |
PHX Energy Services Corporation Competitors by Market Cap
The table below lists competitors of PHX Energy Services Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Siward Crystal Technology Co Ltd
TW:2484
|
$353.59 Million |
|
Hyliion Holdings Corp.
NYSE MKT:HYLN
|
$353.71 Million |
|
Xpro India Limited
NSE:XPROINDIA
|
$353.78 Million |
|
AfreecaTV Co. Ltd
KQ:067160
|
$353.98 Million |
|
Brunel International NV
AS:BRNL
|
$353.34 Million |
|
Guangdong New Grand Long Packing Co Ltd
SHE:002836
|
$353.33 Million |
|
Zhejiang Tailin Bioengineering Co Ltd
SHE:300813
|
$353.29 Million |
|
Shenzhen Ecobeauty Co Ltd
SHE:000010
|
$353.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PHX Energy Services Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 222,205,000 to 229,043,000, a change of 6,838,000 (3.1%).
- Net income of 54,710,000 contributed positively to equity growth.
- Dividend payments of 36,342,000 reduced retained earnings.
- Share repurchases of 3,250,000 reduced equity.
- Other comprehensive income decreased equity by 9,577,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$54.71 Million | +23.89% |
| Dividends Paid | CA$36.34 Million | -15.87% |
| Share Repurchases | CA$3.25 Million | -1.42% |
| Other Comprehensive Income | CA$-9.58 Million | -4.18% |
| Other Changes | CA$1.30 Million | +0.57% |
| Total Change | CA$- | 3.08% |
Book Value vs Market Value Analysis
This analysis compares PHX Energy Services Corporation'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: 2.16x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.85x to 2.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | CA$1.83 | CA$10.70 | x |
| 2003-12-31 | CA$1.65 | CA$10.70 | x |
| 2004-12-31 | CA$2.11 | CA$10.70 | x |
| 2005-12-31 | CA$2.52 | CA$10.70 | x |
| 2006-12-31 | CA$2.63 | CA$10.70 | x |
| 2007-12-31 | CA$2.67 | CA$10.70 | x |
| 2008-12-31 | CA$3.77 | CA$10.70 | x |
| 2009-12-31 | CA$3.71 | CA$10.70 | x |
| 2010-12-31 | CA$3.80 | CA$10.70 | x |
| 2011-12-31 | CA$4.03 | CA$10.70 | x |
| 2012-12-31 | CA$4.08 | CA$10.70 | x |
| 2013-12-31 | CA$6.70 | CA$10.70 | x |
| 2014-12-31 | CA$5.69 | CA$10.70 | x |
| 2015-12-31 | CA$5.22 | CA$10.70 | x |
| 2016-12-31 | CA$3.86 | CA$10.70 | x |
| 2017-12-31 | CA$3.14 | CA$10.70 | x |
| 2018-12-31 | CA$2.89 | CA$10.70 | x |
| 2019-12-31 | CA$2.65 | CA$10.70 | x |
| 2020-12-31 | CA$2.51 | CA$10.70 | x |
| 2021-12-31 | CA$2.60 | CA$10.70 | x |
| 2022-12-31 | CA$3.49 | CA$10.70 | x |
| 2023-12-31 | CA$3.98 | CA$10.70 | x |
| 2024-12-31 | CA$4.73 | CA$10.70 | x |
| 2025-12-31 | CA$4.96 | CA$10.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PHX Energy Services Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 23.89%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.71%
- • Asset Turnover: 1.60x
- • Equity Multiplier: 1.93x
- Recent ROE (23.89%) is above the historical average (12.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -4.38% | -7.97% | 0.36x | 1.53x | CA$-3.95 Million |
| 2003 | 15.17% | 12.05% | 0.83x | 1.51x | CA$1.45 Million |
| 2004 | 16.09% | 14.46% | 0.83x | 1.33x | CA$2.40 Million |
| 2005 | 26.24% | 20.24% | 1.01x | 1.28x | CA$8.70 Million |
| 2006 | 35.03% | 20.77% | 1.27x | 1.33x | CA$14.75 Million |
| 2007 | 30.43% | 15.76% | 1.35x | 1.43x | CA$12.23 Million |
| 2008 | 28.30% | 15.53% | 1.23x | 1.48x | CA$16.51 Million |
| 2009 | 12.47% | 9.95% | 1.00x | 1.26x | CA$2.26 Million |
| 2010 | 16.60% | 8.62% | 1.11x | 1.73x | CA$6.76 Million |
| 2011 | 16.14% | 7.08% | 1.18x | 1.93x | CA$7.01 Million |
| 2012 | 15.38% | 5.87% | 1.14x | 2.30x | CA$6.20 Million |
| 2013 | 18.42% | 9.61% | 1.09x | 1.77x | CA$16.72 Million |
| 2014 | 11.00% | 4.22% | 1.32x | 1.97x | CA$2.00 Million |
| 2015 | -21.15% | -14.82% | 0.98x | 1.46x | CA$-62.58 Million |
| 2016 | -26.08% | -31.35% | 0.60x | 1.39x | CA$-64.36 Million |
| 2017 | -12.96% | -9.76% | 0.98x | 1.36x | CA$-41.68 Million |
| 2018 | -11.25% | -5.97% | 1.20x | 1.57x | CA$-35.79 Million |
| 2019 | -1.49% | -0.61% | 1.31x | 1.86x | CA$-17.11 Million |
| 2020 | -5.21% | -2.94% | 1.08x | 1.64x | CA$-20.08 Million |
| 2021 | 16.90% | 6.49% | 1.33x | 1.95x | CA$9.28 Million |
| 2022 | 25.05% | 8.27% | 1.43x | 2.12x | CA$26.62 Million |
| 2023 | 46.95% | 15.02% | 1.70x | 1.84x | CA$77.58 Million |
| 2024 | 24.58% | 8.28% | 1.56x | 1.90x | CA$32.40 Million |
| 2025 | 23.89% | 7.71% | 1.60x | 1.93x | CA$31.81 Million |
Industry Comparison
This section compares PHX Energy Services Corporation's net assets metrics with peer companies in the Oil & Gas Drilling industry.
Industry Context
- Industry: Oil & Gas Drilling
- Average net assets among peers: $558,269,846
- Average return on equity (ROE) among peers: 19.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PHX Energy Services Corporation (PHX) | CA$223.72 Million | -4.38% | 1.11x | $353.41 Million |
| ACT Energy Technologies Ltd. (ACX) | $42.50 Million | -20.29% | 0.77x | $150.80 Million |
| Ensign Energy Services Inc (ESI) | $1.28 Billion | -3.02% | 1.06x | $484.08 Million |
| Precision Drilling Corporation (PD) | $1.07 Billion | 151.74% | 0.60x | $1.15 Billion |
| Stampede Drilling Inc (SDI) | $36.72 Million | -18.72% | 0.16x | $30.51 Million |
| Western Energy Services Corp. (WRG) | $353.80 Million | -11.61% | 0.89x | $78.36 Million |
About PHX Energy Services Corporation
PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo system; PowerD… Read more