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 448M vs 119,069M combined for tracked competitors (0.4% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs accelerating (+172.3%) for its tracked peer group.
- Growth: Greenfire Resources Ltd generated -26.1% revenue growth year over year in Q4 2025, vs -4.4% for its tracked competitors combined.
- Profitability: Its 8.1% net margin compares with 14.3% 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 -4.38 %.
With a net margin of 8.13 %, Greenfire Resources Ltd reported lower profitability than its competitors (14.33 %).
Greenfire Resources Ltd generated 0.55 % of the combined sales of its peer group, down from 0.71 % a year earlier.
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 an SEC filing; 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 (6) | $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 3.3% year over year, combined, vs -26.1% for Greenfire Resources Ltd. Greenfire Resources Ltd's share of combined industry revenue moved from 0.04% to 0.03%, a loss of 0.01 percentage points.
Greenfire Resources Ltd's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| 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) | 37.50 % (3 of 8) | 37.50 % (3 of 8) | 71.40 % (5 of 7) |
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 | Cenovus Energy Inc | 282.9% | Outperformed |
| 3 | Canadian Natural Resources Limited | 282.9% | Outperformed |
| 4 | Ovintiv Inc | 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 tracked 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 | 417.46 | 447.65 |
| Canadian Natural Resources Limited | 99,755.43 | 29,691.69 |
| Imperial Oil Limited | 59,322.67 | 39,052.08 |
| Cenovus Energy Inc | 56,597.68 | 38,067.14 |
| Ovintiv Inc | 16,781.51 | 9,758.00 |
| Baytex Energy Corp | 3,484.39 | 1,134.30 |
| SUBTOTAL | 238,160.52 | 119,516.44 |
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Sources: Greenfire Resources Ltd's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
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 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 42.18 % |
| Ovintiv Inc | USA Operations Excluding Intercompany Segment Transactions 58.94 % |
| Ckx Lands Inc | Surface Segment 77.69 % |
Source: operating segment revenue as reported in each company's SEC filings (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 | 417 | - | - |
| Canadian Natural Resources Limited | 99,755 | 4,431,596 | 1,237,033 |
| Imperial Oil Limited | 59,323 | 7,810,415 | 619,602 |
| Cenovus Energy Inc | 56,598 | 19,033,568 | 1,505,190 |
| Ovintiv Inc | 16,782 | 6,660,751 | 627,986 |
| Baytex Energy Corp | 3,484 | 3,447,733 | -1,405,759 |
| PEERS TOTAL | 237,743 | 7,005,695 | 841,789 |
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Greenfire Resources Ltd's Position in Industry Market Structure
Market-capitalization share and concentration across all 113 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 113 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 787, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Shell Plc | 291,528 | 18.98 % |
| 2 | Totalenergies Se | 218,956 | 14.25 % |
| 3 | Canadian Natural Resources Limited | 105,431 | 6.86 % |
| 4 | Eni Spa | 96,790 | 6.30 % |
| 5 | Slb Limited | 1,234 | 5.2% |
| 6 | Eog Resources Inc | 1,234 | 5.2% |
| 7 | Occidental Petroleum Corporation | 1,234 | 5.2% |
| 8 | Cenovus Energy Inc | 1,234 | 5.2% |
| 9 | Diamondback Energy Inc | 1,234 | 5.2% |
| 10 | Devon Energy Corp | 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 2026-09-28.
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 (165 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 92.71 % | 57.30 % (avg) | +35.4 pp |
| Operating Margin | 75.08 % | industry median | +64.1 pp |
| EBITDA Margin | 23.88 % | 11.81 % (avg) | +12.1 pp |
| Capital Intensity (Capex / Revenue) | 19.13 % | 24.95 % (avg) | -5.8 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 (165 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.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 7.2x | 15.8x | -8.6x |
| EV / EBITDA | - | 8.9x | - |
| P/B | - | 1.8x | - |
| Return on Equity | 4.07 % | industry aggregate | -7.71 % |
| Return on Invested Capital | 18.62 % | 5.38 % (avg) | 13.24 % |
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
Every company in Greenfire Resources Ltd's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Greenfire Resources Ltd is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
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 787 (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 24.95 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Greenfire Resources Ltd's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Greenfire Resources Ltd's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Greenfire Resources Ltd's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
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 64.1 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+300.0% 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 15.8x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
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 | 0.04 | 0.47 | 0.63 |
| Imperial Oil Limited | 0.22 | 1.38 | 0.17 |
| Cenovus Energy Inc | 0.25 | 0.90 | 0.38 |
| Ovintiv Inc | 0.07 | 0.62 | 0.46 |
| 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 | -26.1 % | -60.9 % |
| Canadian Natural Resources Limited | Q4 2025 | +8.7 % | +77.2 % |
| Imperial Oil Limited | Q2 2026 | +35.4 % | +118.5 % |
| Cenovus Energy Inc | Q4 2025 | -8.4 % | +25.1 % |
| Ovintiv Inc | Q2 2026 | +30.0 % | +48.5 % |
| Baytex Energy Corp | Q4 2025 | -55.5 % | - |
| PEERS TOTAL | +1.1 % | +48.2 % |
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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 % | +27.9 % |
| Canadian Natural Resources Limited | Q4 2025 | - | - |
| Imperial Oil Limited | Q2 2026 | - | +1.7 % |
| Cenovus Energy Inc | Q4 2025 | - | - |
| Ovintiv Inc | Q2 2026 | -16.4 % | +322.8 % |
| 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 | 3.70% | 3.99% | 4.07% |
| Canadian Natural Resources Limited | 11.78% | 14.30% | 24.39% |
| Imperial Oil Limited | 9.25% | 11.12% | 17.27% |
| Cenovus Energy Inc | 6.20% | 7.50% | 12.43% |
| Ovintiv Inc | 4.52% | 4.91% | 8.27% |
| 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 | 8.73 | 0.93 |
| Canadian Natural Resources Limited | 9.22 | 3.36 |
| Imperial Oil Limited | 16.83 | 1.52 |
| Cenovus Energy Inc | 14.47 | 1.49 |
| Ovintiv Inc | 17.11 | 1.72 |
| Baytex Energy Corp | - | 3.07 |
| PEERS AVERAGE | 16.60 | 1.99 |
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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.