Recent News
July 7, 2026 — Enerflex announced delivery of a 6.8MW modular power island to support continuous midstream operations. July 13, 2026 — Director Fernando Assing resigned from the board effective July 17, 2026. August announcements list dividend record/pay dates in August and early September 2026 for a $0.0425 per-share distribution.
Technical Analysis
Directional indicators show an emerging trend: ADX at 23.45 signals an emerging strength in directional movement, with DI+ at 23.12 trending higher and DI- at 26.31 showing a peak-and-reversal—both DI signals align toward bullish directional pressure and a tightening directional contest.
Momentum measures display a bullish shift: MACD sits at -0.18 but is increasing and now above its signal line (-0.48), which registers as a bullish momentum cross while the negative absolute level still signals that momentum recently recovered from deeper weakness.
MRO at 16.87 reads positive, indicating the current price sits above the model target and carries reversion pressure; this suggests that any upside move could encounter technical pullback risk until momentum validates a sustained run.
RSI at 46.1 and rising indicates improving internal momentum with room before overbought territory, supporting further gains if bullish momentum holds.
Price sits at $22.54 above the 20-day average ($20.72) and the 200-day average ($20.96), while the 12-day EMA shows an increasing trend — price action currently tests the upper Bollinger band envelope (upper 1x = $21.80, upper 2x = $22.87), signaling short-term strength within a moderate volatility regime.
Fundamental Analysis
Profitability: EBIT of $57,000,000 yields an EBIT margin of 9.79%, down QoQ by 22.71% and down YoY by 34.53%, placing the margin below the industry peer mean (26.49%) and industry peer median (19.75%) while remaining well above the peer low. Operating margin at 9.97% follows the same contraction pattern QoQ and YoY, reflecting margin pressure during the quarter.
Earnings and cash flow: EPS came in at $0.43 versus an estimate of $0.33, producing an EPS surprise of 30.30%. Net income totaled $30,000,000 while operating cash flow reached $89,000,000 and free cash flow $36,000,000, yielding a free cash flow yield of 1.25%, roughly in line with the industry peer mean of 1.26%.
Capital structure and leverage: Total debt stands at $597,000,000 with net debt $455,000,000 and debt-to-EBITDA of 6.35x, indicating heavier leverage relative to conventional mid-cap ranges; debt-to-equity equals 0.51 and interest coverage sits at 4.75x, which supports near-term serviceability but limits flexibility.
Efficiency and returns: Asset turnover equals 0.211, above the industry peer mean of 0.153, signaling relatively stronger revenue generation per asset. Return on equity registers 2.56% and return on assets 1.09%, both compressed YoY and QoQ consistent with margin declines and elevated leverage.
Valuation: Price-to-book sits at 2.47, below the industry peer mean of 4.71 and the peer median of 3.41; price-to-earnings equals 54.77 while the industry peer mean P/E is higher at 72.32, so the stock trades at a lower P/E versus the peer mean. WMDST values the stock as under-valued based on combined cash-flow, asset-efficiency, and relative valuation signals.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-08-06 |
| NEXT REPORT DATE: | 2026-11-05 |
| CASH FLOW | Begin Period Cash Flow | $ 47.0 M |
| Operating Cash Flow | $ 89.0 M | |
| Capital Expenditures | $ -53.00 M | |
| Change In Working Capital | $ 2.0 M | |
| Dividends Paid | $ -4.00 M | |
| Cash Flow Delta | $ 27.0 M | |
| End Period Cash Flow | $ 74.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 582.0 M | |
| Forward Revenue | $ 281.2 M | |
| COSTS | ||
| Cost Of Revenue | $ 443.0 M | |
| Depreciation | $ 37.0 M | |
| Depreciation and Amortization | $ 37.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 524.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 139.0 M | |
| EBITDA | $ 94.0 M | |
| EBIT | $ 57.0 M | |
| Operating Income | $ 58.0 M | |
| Interest Income | — | |
| Interest Expense | $ 12.0 M | |
| Net Interest Income | $ -12.00 M | |
| Income Before Tax | $ 45.0 M | |
| Tax Provision | $ 15.0 M | |
| Tax Rate | 33.333 % | |
| Net Income | $ 30.0 M | |
| Net Income From Continuing Operations | $ 30.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.33 | |
| EPS Actual | $ 0.43 | |
| EPS Difference | $ 0.10 | |
| EPS Surprise | 30.303 % | |
| Forward EPS | $ 0.47 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.8 B | |
| Intangible Assets | $ 439.0 M | |
| Net Tangible Assets | $ 731.0 M | |
| Total Current Assets | $ 1.1 B | |
| Cash and Short-Term Investments | $ 74.0 M | |
| Cash | $ 74.0 M | |
| Net Receivables | $ 364.0 M | |
| Inventory | $ 317.0 M | |
| Long-Term Investments | $ 199.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 383.0 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 952.0 M | |
| Net Debt | $ 455.0 M | |
| Total Debt | $ 597.0 M | |
| Total Liabilities | $ 1.6 B | |
| EQUITY | ||
| Total Equity | $ 1.2 B | |
| Retained Earnings | $ 195.0 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 9.54 | |
| Shares Outstanding | 122.578 M | |
| Revenue Per-Share | $ 4.75 | |
| VALUATION | Market Capitalization | $ 2.9 B |
| Enterprise Value | $ 3.4 B | |
| Enterprise Multiple | 36.273 | |
| Enterprise Multiple QoQ | 23.036 % | |
| Enterprise Multiple YoY | 180.184 % | |
| Enterprise Multiple IPRWA | high: 107.267 median: 44.843 mean: 42.903 EFXT: 36.273 low: -39.564 |
|
| EV/R | 5.859 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.397 | |
| Asset To Liability | 1.716 | |
| Debt To Capital | 0.338 | |
| Debt To Assets | 0.213 | |
| Debt To Assets QoQ | -7.018 % | |
| Debt To Assets YoY | -18.457 % | |
| Debt To Assets IPRWA | high: 0.922 mean: 0.344 median: 0.309 EFXT: 0.213 low: 0.0 |
|
| Debt To Equity | 0.51 | |
| Debt To Equity QoQ | -6.33 % | |
| Debt To Equity YoY | -23.631 % | |
| Debt To Equity IPRWA | high: 5.354 mean: 1.718 median: 0.816 EFXT: 0.51 low: 0.0 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.467 | |
| Price To Book QoQ | 4.231 % | |
| Price To Book YoY | 163.366 % | |
| Price To Book IPRWA | high: 11.468 mean: 4.71 median: 3.413 EFXT: 2.467 low: -0.514 |
|
| Price To Earnings (P/E) | 54.767 | |
| Price To Earnings QoQ | -12.928 % | |
| Price To Earnings YoY | 244.411 % | |
| Price To Earnings IPRWA | high: 302.331 median: 80.738 mean: 72.321 EFXT: 54.767 low: -202.033 |
|
| PE/G Ratio | 4.162 | |
| Price To Sales (P/S) | 4.96 | |
| Price To Sales QoQ | 7.342 % | |
| Price To Sales YoY | 188.917 % | |
| Price To Sales IPRWA | high: 25.655 mean: 10.902 median: 9.125 EFXT: 4.96 low: 0.258 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 51.445 | |
| Forward PE/G | 3.91 | |
| Forward P/S | 10.276 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 67.081 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.211 | |
| Asset Turnover Ratio QoQ | -2.333 % | |
| Asset Turnover Ratio YoY | -3.206 % | |
| Asset Turnover Ratio IPRWA | high: 0.57 EFXT: 0.211 mean: 0.153 median: 0.145 low: 0.03 |
|
| Receivables Turnover | 1.59 | |
| Receivables Turnover Ratio QoQ | -5.108 % | |
| Receivables Turnover Ratio YoY | -1.1 % | |
| Receivables Turnover Ratio IPRWA | high: 4.961 mean: 2.202 median: 1.822 EFXT: 1.59 low: 0.585 |
|
| Inventory Turnover | 1.487 | |
| Inventory Turnover Ratio QoQ | -5.353 % | |
| Inventory Turnover Ratio YoY | 12.118 % | |
| Inventory Turnover Ratio IPRWA | high: 24.22 mean: 3.702 median: 1.616 EFXT: 1.487 low: 0.4 |
|
| Days Sales Outstanding (DSO) | 57.384 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 43.561 | |
| Cash Conversion Cycle Days QoQ | 13.638 % | |
| Cash Conversion Cycle Days YoY | 10.785 % | |
| Cash Conversion Cycle Days IPRWA | high: 289.787 median: 69.058 mean: 63.525 EFXT: 43.561 low: -115.305 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 3.198 | |
| CapEx To Revenue | -0.091 | |
| CapEx To Depreciation | -1.432 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.7 B | |
| Net Invested Capital | $ 1.7 B | |
| Invested Capital | $ 1.7 B | |
| Net Tangible Assets | $ 731.0 M | |
| Net Working Capital | $ 182.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.078 | |
| Current Ratio | 1.191 | |
| Current Ratio QoQ | -1.037 % | |
| Current Ratio YoY | 0.026 % | |
| Current Ratio IPRWA | high: 6.932 median: 2.018 mean: 2.012 EFXT: 1.191 low: 0.162 |
|
| Quick Ratio | 0.858 | |
| Quick Ratio QoQ | -2.968 % | |
| Quick Ratio YoY | 9.867 % | |
| Quick Ratio IPRWA | high: 5.317 median: 1.499 mean: 1.453 EFXT: 0.858 low: 0.148 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 6.351 | |
| Cost Of Debt | 1.314 % | |
| Interest Coverage Ratio | 4.75 | |
| Interest Coverage Ratio QoQ | -29.392 % | |
| Interest Coverage Ratio YoY | -7.065 % | |
| Interest Coverage Ratio IPRWA | high: 25.702 mean: 8.594 median: 5.247 EFXT: 4.75 low: -7.04 |
|
| Operating Cash Flow Ratio | 0.074 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 75.765 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 7.5 | |
| Dividend Payout Ratio | 0.133 | |
| Dividend Rate | $ 0.03 | |
| Dividend Yield | 0.001 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 3.392 % | |
| Revenue Growth | -0.342 % | |
| Revenue Growth QoQ | -95.013 % | |
| Revenue Growth YoY | -102.997 % | |
| Revenue Growth IPRWA | high: 41.885 % mean: 3.892 % median: 2.315 % EFXT: -0.342 % low: -24.034 % |
|
| Earnings Growth | 13.158 % | |
| Earnings Growth QoQ | -107.472 % | |
| Earnings Growth YoY | -88.36 % | |
| Earnings Growth IPRWA | high: 238.462 % EFXT: 13.158 % median: 10.345 % mean: -2.501 % low: -255.556 % |
|
| MARGINS | ||
| Gross Margin | 23.883 % | |
| Gross Margin QoQ | -3.81 % | |
| Gross Margin YoY | 5.668 % | |
| Gross Margin IPRWA | high: 88.918 % mean: 36.693 % median: 33.191 % EFXT: 23.883 % low: -5.561 % |
|
| EBIT Margin | 9.794 % | |
| EBIT Margin QoQ | -22.705 % | |
| EBIT Margin YoY | -34.528 % | |
| EBIT Margin IPRWA | high: 78.229 % mean: 26.485 % median: 19.752 % EFXT: 9.794 % low: -54.293 % |
|
| Return On Sales (ROS) | 9.966 % | |
| Return On Sales QoQ | -11.813 % | |
| Return On Sales YoY | -21.422 % | |
| Return On Sales IPRWA | high: 74.843 % mean: 25.946 % median: 16.652 % EFXT: 9.966 % low: -28.155 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 36.0 M | |
| Free Cash Flow Yield | 1.247 % | |
| Free Cash Flow Yield QoQ | 110.287 % | |
| Free Cash Flow Yield YoY | -134.649 % | |
| Free Cash Flow Yield IPRWA | high: 16.865 % mean: 1.258 % EFXT: 1.247 % median: 0.763 % low: -12.123 % |
|
| Free Cash Growth | 125.0 % | |
| Free Cash Growth QoQ | -257.258 % | |
| Free Cash Growth YoY | -185.417 % | |
| Free Cash Growth IPRWA | high: 627.16 % EFXT: 125.0 % mean: 56.639 % median: 12.905 % low: -604.506 % |
|
| Free Cash To Net Income | 1.2 | |
| Cash Flow Margin | 12.027 % | |
| Cash Flow To Earnings | 2.333 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.088 % | |
| Return On Assets QoQ | -31.615 % | |
| Return On Assets YoY | -48.848 % | |
| Return On Assets IPRWA | high: 8.897 % mean: 2.334 % median: 2.249 % EFXT: 1.088 % low: -7.415 % |
|
| Return On Capital Employed (ROCE) | 3.078 % | |
| Return On Equity (ROE) | 0.026 | |
| Return On Equity QoQ | -32.025 % | |
| Return On Equity YoY | -51.841 % | |
| Return On Equity IPRWA | high: 0.246 mean: 0.069 median: 0.034 EFXT: 0.026 low: -0.172 |
|
| DuPont ROE | 2.598 % | |
| Return On Invested Capital (ROIC) | 2.237 % | |
| Return On Invested Capital QoQ | -25.059 % | |
| Return On Invested Capital YoY | -45.835 % | |
| Return On Invested Capital IPRWA | high: 11.567 % mean: 3.118 % median: 2.91 % EFXT: 2.237 % low: -4.808 % |
|