Calfrac Well ServicesTSX:CFW -1.07%49 Gross Margin % is 10.57% as of Mar. 2026, which is 41% above its 10-year median of 7.48. GuruFocus rates TSX:CFW with a GF Score™ of 49/100 and a GF Value™ of C$2.98 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 867 Oil & Gas companies, Calfrac Well Services ranks worse than 75.55% on this metric.
TSX:CFW's Gross Margin % is ranked worse than 75.55% of 867
companies
in the Oil & Gas industry
Industry Median: 25.7
vs TSX:CFW: 10.89
Calfrac Well Services had a gross margin of 10.57% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Calfrac Well Services was 0.00% per year.
Calfrac Well Services (TSX:CFW) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Calfrac Well Services had a gross margin of 10.57% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Calfrac Well Services Gross Margin % Related Terms
Calfrac Well Services Gross Margin % Historical Data
* Premium members only.
The historical data trend for Calfrac Well Services's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TSX:CFW vs SLB, BKR, HAL: Gross Margin % Comparison
For the Oil & Gas Equipment & Services subindustry, Calfrac Well Services's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Calfrac Well Services Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Calfrac Well Services's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Calfrac Well Services's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Calfrac Well Services (TSX:CFW) has a Gross Margin % of 10.57% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Calfrac Well Services and its competitors. This is 41% above median its historical median of 7.48. According to the industry distribution chart, Calfrac Well Services ranks #655 out of 867 companies in the Oil & Gas industry, placing it in the top 75.5%.
Is Calfrac Well Services' Gross Margin % too high?
Calfrac Well Services' current Gross Margin % of 10.57% is 41% above median its 10-year median of 7.48. The Oil & Gas industry median Gross Margin % is 25.70. Calfrac Well Services' value of 10.57% is 58.9% below this industry median. Based on the distribution chart, Calfrac Well Services ranks #655 out of 867 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Calfrac Well Services has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Calfrac Well Services' Gross Margin % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Calfrac Well Services ranks #655 out of 867 companies for Gross Margin %. This places Calfrac Well Services in the lower half of its industry. The industry median Gross Margin % is 25.70. Calfrac Well Services' value of 10.57% is 58.9% below this benchmark. While the company's 10-year median is 7.48 vs. the industry median of 25.70, Calfrac Well Services has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.70, based on 867 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Calfrac Well Services's current Gross Margin % of 10.57% is 58.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Calfrac Well Services and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calfrac Well Services's current Gross Margin % is 10.57%, which is 41% above median its own 10-year median of 7.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calfrac Well Services stock overvalued right now?
Based on GuruFocus' analysis, Calfrac Well Services (TSX:CFW) is currently considered Significantly Overvalued. The stock's GF Value™ is C$2.98, compared to a current price of C$6.50 — trading 118.1% above its estimated fair value. The current Gross Margin % is 10.57%, which is 41% above median its 10-year median of 7.48 and 58.9% below the Oil & Gas industry median of 25.70. Calfrac Well Services' overall GF Score™ is 49/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Calfrac Well Services (TSX:CFW), the current Gross Margin % is 10.57% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Calfrac Well Services (TSX:CFW) Overvalued in 2026?
Based on GuruFocus' analysis, Calfrac Well Services stock appears to be overvalued.
The current stock price of C$6.50 is trading 118.1% above its estimated GF Value™ of C$2.98.
GuruFocus considers Calfrac Well Services to be Significantly Overvalued.
Key valuation signals for TSX:CFW:
Gross Margin %: 10.57% (41% above median its 10-year median of 7.48)
GF Value™: C$2.98 vs. price of C$6.50 (118.1% above fair value)
Industry Position: 58.9% below the Oil & Gas median (#655 of 867)
No single metric tells the full story. See the TSX:CFW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Calfrac Well Services Ltd is an independent provider of specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing, and wireline services for the oil and natural gas industries in the United States, Canada, and Argentina. The company operates through two main segments. Its North America segment provides fracturing services to oil and natural gas companies operating in the Williston Basin in North Dakota, as well as the broader Rockies region. The Argentina segment, which generates the highest revenue, offers fracturing, coiled tubing, cementing, and other well stimulation services to oil and natural gas companies operating in the Neuquen and Comodoro Rivadavia regions.
49GF Score
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