NSFDFOTCOil & Gas Field Exploration ServicesFiscal year ends December 31
NXT Energy Solutions Inc.
Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on Apr 30, 2026
$0.27−0.00 (-0.95%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2010 to 2024
Operating margin
–
Net margin
-1408.9%−1440.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -70.0% | -41.0% | -44.3% | -16.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | 14.9% | -219.2% | |
| Return on assets | – | 13.6% | -62.2% | |
| Current ratio | 3.39 | 6.41 | 0.14 | |
| Debt to equity | – | – | -2.71 | |
| Capex to revenue | 19.4% | 1.8% | 4.2% | |
| Diluted shares | – | 68M | 78M |
Where the cash went
Fiscal 2020 to 2024, five years combined
NXT Energy Solutions generated C$16.18M from operations and spent C$59.35K on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
C$16.18M
Used
C$59.35K
Capital expenditureC$59.35K100%DividendsC$00%Share buybacksC$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1408.9%
×Asset turnover0.04×
×Equity multiplier3.53×
=Return on equity, FY2024-219.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | -1408.9% | 0.04× | 3.53× | -219.2% |
| FY2023 | -254.0% | 0.14× | 1.49× | -52.8% |
| FY2021 | -99.7% | 0.14× | 1.17× | -16.0% |
| FY2020 | -4414.1% | 0.00× | 1.15× | -25.4% |
| FY2019 | 31.7% | 0.43× | 1.10× | 14.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
2of 8 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero-C$9.08M
- Cash generatingOperating cash flow above zero-C$3.97M
- Return on assets improvedROA up on the prior year-35.0% → -59.8%
- Earnings backed by cashOperating cash flow above net income-C$3.97M vs -C$9.08M
- Less leverageLong-term debt to assets fell4.7% → 4.3%
- Better liquidityCurrent ratio rose0.55 → 0.14
- No dilutionShare count did not rise78M → 78M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.14 → 0.04