Greenfire Resources Ltd's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Greenfire Resources Ltd (GFR) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Greenfire Resources Ltd vs Its Competitors
- TTM: Trailing 12-month revenue of 418M vs 116,345M combined for its competitors (0.4% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+328.0% annualized vs trailing 12 months), vs accelerating (+176.8%) for its tracked peer group.
- Growth: Greenfire Resources Ltd generated -26.1% revenue growth year over year in Q4 2025, vs -4.3% for its competitors combined.
- Profitability: Its 8.1% net margin compares with 14.4% for the peer group.
- Peer revenue share: Greenfire Resources Ltd accounted for 0.6% of combined revenue among its tracked peer group, down from 0.7% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
GFR Sales vs. its Competitors, Q4 2025
Greenfire Resources Ltd reported revenue contraction of 26.11 % year on year in Q4 2025, below its competitors' combined revenue change of -4.27 %.
With a net margin of 8.13 %, Greenfire Resources Ltd reported lower profitability than its competitors (14.41 %).
Greenfire Resources Ltd generated 0.55 % of the combined sales of its peer group, down from 0.72 % a year earlier.
API endpoints for this dataset
Greenfire Resources Ltd vs. its Competitors, Q4 2025
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Greenfire Resources Ltd reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Greenfire Resources Ltd and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Greenfire Resources Ltd | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Greenfire Resources Ltd's competitor groups requires a Commercial License.
For context: the Oil And Gas Production industry grew revenue 3.2% year over year, combined, vs -26.1% for Greenfire Resources Ltd. Greenfire Resources Ltd's share of combined industry revenue moved from 0.05% to 0.03%, a loss of 0.01 percentage points.
Greenfire Resources Ltd's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Greenfire Resources Ltd | Yes | No | No | No |
| Competitors combined (8) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 25.00 % (2 of 8) | 50.00 % (4 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
GFR Stock Performance relative to its Competitors
GFR Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Baytex Energy Corp | 282.9% | Outperformed |
| 2 | Ovintiv Inc | 282.9% | Outperformed |
| 3 | Cenovus Energy Inc | 282.9% | Outperformed |
| 4 | Canadian Natural Resources Limited | 282.9% | Outperformed |
| 5 | Vermilion Energy inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Greenfire Resources Ltd's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Greenfire Resources Ltd's Comment on Competition and Industry Peers
Publicly Traded Peers of Greenfire Resources Ltd
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Greenfire Resources Ltd |
405.87 | 418.38 |
 Canadian Natural Resources Limited |
101,853.34 | 27,750.40 |
 Imperial Oil Limited |
59,943.37 | 40,384.80 |
 Cenovus Energy Inc |
49,955.18 | 35,578.25 |
 Ovintiv Inc |
16,667.21 | 10,294.00 |
 Baytex Energy Corp |
3,215.17 | 1,060.14 |
| SUBTOTAL | 233,676.21 | 116,763.15 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Greenfire Resources Ltd versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Greenfire Resources Ltd's Competitors Named by the Company
Competitive relationships identified from Greenfire Resources Ltd reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Vermilion Energy inc | Company report | 85% |
| Enerplus Corporation | Company report | 85% |
| Imperial Oil Limited | Company report | 85% |
| Canadian Natural Resources Limited | Company report | 85% |
| Baytex Energy Corp | Company report | 85% |
| Cenovus Energy Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Greenfire Resources Ltd's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Greenfire Resources Ltd's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Imperial Oil Limited | Upstream 43.74 % |
| Ovintiv Inc | USA Operations Excluding Intercompany Segment Transactions 56.23 % |
| Ckx Lands Inc | Surface Segment 77.69 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Greenfire Resources Ltd's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Greenfire Resources Ltd | 406 | - | - |
| Canadian Natural Resources Limited | 101,853 | 4,141,851 | 1,156,154 |
| Imperial Oil Limited | 59,943 | 8,076,960 | 877,524 |
| Cenovus Energy Inc | 49,955 | 17,789,124 | 1,406,778 |
| Ovintiv Inc | 16,667 | 7,026,621 | 901,706 |
| Baytex Energy Corp | 3,215 | 3,222,315 | -1,313,848 |
| PEERS TOTAL | 233,270 | 6,845,421 | 901,501 |
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Greenfire Resources Ltd's Position in Industry Market Structure
Market-capitalization share and concentration across all 112 companies in Greenfire Resources Ltd's industry classification, broader than the peer set above. Market cap in millions of $.Greenfire Resources Ltd ranks #0 of 112 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 788, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Shell Plc | 297,503 | 18.60 % |
| 2 | Totalenergies Se | 210,564 | 13.16 % |
| 3 | Petrobras Petroleo Brasileiro Sa | 137,905 | 8.62 % |
| 4 | Canadian Natural Resources Limited | 107,018 | 6.69 % |
| 5 | Eni Spa | 1,234 | 5.2% |
| 6 | Eog Resources Inc | 1,234 | 5.2% |
| 7 | Slb Limited | 1,234 | 5.2% |
| 8 | Occidental Petroleum Corporation | 1,234 | 5.2% |
| 9 | Diamondback Energy Inc | 1,234 | 5.2% |
| 10 | Cenovus Energy Inc | 1,234 | 5.2% |
| 0 | Greenfire Resources Ltd | - | 0.00 % |
Market cap and industry share for the rest of Greenfire Resources Ltd's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Greenfire Resources Ltd's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Oil And Gas Production industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (245 companies). See the full Oil And Gas Production industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 99.20 % | 26.12 % (avg) | +73.1 pp |
| Operating Margin | 80.33 % | industry median | +68.3 pp |
| EBITDA Margin | 23.88 % | 18.45 % (avg) | +5.4 pp |
| Capital Intensity (Capex / Revenue) | 19.13 % | 27.30 % (avg) | -8.2 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Greenfire Resources Ltd's Valuation vs Competitive Position
Valuation multiples vs the Oil And Gas Production industry average (245 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Oil And Gas Production industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 7.2x | 16.3x | -9.1x |
| EV / EBITDA | - | 9.5x | - |
| P/B | - | 2.0x | - |
| Return on Equity | 4.00 % | industry aggregate | -7.70 % |
| Return on Invested Capital | 19.55 % | 0.92 % (avg) | 18.63 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Greenfire Resources Ltd's Strategic Group Map
Greenfire Resources Ltd is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Greenfire Resources Ltd's trailing-12-month revenue growth of -27.6% and operating margin of 80.3% compares with an average of -6.6% growth and 69.8% margin across its 8 closest peers by combined growth, margin and ROIC -- Greenfire Resources Ltd sits below that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Greenfire Resources Ltd's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 788 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 19.13 % vs industry average 27.30 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Greenfire Resources Ltd's dedicated Suppliers and Customers pages, not here.
Greenfire Resources Ltd's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Greenfire Resources Ltd falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Greenfire Resources Ltd's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 68.3 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+328.0% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 7.7 points below the industry aggregate.
Opportunities
- Trades at a lower P/E than the industry average (7.2x vs 16.3x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Greenfire Resources Ltd's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Greenfire Resources Ltd | 0.44 | 1.56 | - |
| Canadian Natural Resources Limited | 0.08 | 0.95 | 0.66 |
| Imperial Oil Limited | 0.21 | 1.30 | 0.17 |
| Cenovus Energy Inc | 0.43 | 1.57 | 0.38 |
| Ovintiv Inc | 0.09 | 0.71 | 0.41 |
| Baytex Energy Corp | 2.89 | 3.61 | - |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Greenfire Resources Ltd's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Greenfire Resources Ltd | Q4 2025 | -27.6 % | -61.6 % |
| Canadian Natural Resources Limited | Q4 2025 | +6.6 % | +73.7 % |
| Imperial Oil Limited | Q3 2026 | +32.4 % | +348.2 % |
| Cenovus Energy Inc | Q4 2025 | -10.2 % | +22.6 % |
| Ovintiv Inc | Q3 2026 | +25.9 % | +270.9 % |
| Baytex Energy Corp | Q4 2025 | -10.0 % | - |
| PEERS TOTAL | +1.1 % | +59.1 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Greenfire Resources Ltd's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Greenfire Resources Ltd | Q4 2025 | +54.9 % | +25.4 % |
| Canadian Natural Resources Limited | Q4 2025 | - | - |
| Imperial Oil Limited | Q3 2026 | - | +22.6 % |
| Cenovus Energy Inc | Q4 2025 | +17.3 % | - |
| Ovintiv Inc | Q3 2026 | -8.6 % | - |
| Baytex Energy Corp | Q4 2025 | - | - |
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Greenfire Resources Ltd's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Greenfire Resources Ltd | 3.63% | 3.92% | 4.00% |
| Canadian Natural Resources Limited | 11.57% | 11.41% | 23.94% |
| Imperial Oil Limited | 13.07% | 16.83% | 25.71% |
| Cenovus Energy Inc | 6.08% | 7.22% | 12.20% |
| Ovintiv Inc | 6.48% | 6.99% | 11.52% |
| Baytex Energy Corp | - | - | - |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Greenfire Resources Ltd's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Greenfire Resources Ltd | 8.48 | 0.97 |
| Canadian Natural Resources Limited | 9.41 | 3.67 |
| Imperial Oil Limited | 11.26 | 1.48 |
| Cenovus Energy Inc | 12.77 | 1.40 |
| Ovintiv Inc | 12.35 | 1.62 |
| Baytex Energy Corp | - | 3.03 |
| PEERS AVERAGE | 15.22 | 2.00 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.