NXT Energy Solutions Inc. (NSFDF) stock analysis
Close on Oct 19, 2026
StockData Score
Prices as of Nov 11, 2026How the score works
Weak6 of 30 checks passed
NXT Energy Solutions passes 6 of the 30 checks behind our score; 20 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 1/6
- Past performance
- 1/6
- Financial health
- 4/6
- Dividend
- 0/6
What stands out
Low debt
Debt is 4.0% of shareholders' equity, under the 40% we consider low.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 193% of total debt.
Growing faster than the industry
Revenue grew 2438% over the last twelve months; the Oil and Gas Field Services median is 4.6%.
Net margin above its 5-year average
Net margin was -14.2% over the last twelve months, against a 5-year average of -444%.
What to watch
Return on equity under 15%
Return on equity was -31.7% over the last twelve months and averaged -72.9% over five years; we look for 15% on both.
Return on equity below the industry
NXT Energy Solutions's return on equity of -31.7% is below the Oil and Gas Field Services median of 1.2%.
Net margin below the industry
NXT Energy Solutions's net margin of -14.2% is below the Oil and Gas Field Services median of 0.9%.
No dividend
NXT Energy Solutions has not paid a dividend in the last twelve months.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth1/6
Revenue growth over 3 years
Needs three years of positive revenue.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 2438% over the last twelve months; the Oil and Gas Field Services median is 4.6%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin trend
This company does not report gross profit.
Past performance1/6
Return on equity under 15%
Return on equity was -31.7% over the last twelve months and averaged -72.9% over five years; we look for 15% on both.
Return on invested capital
Needs operating income and invested capital.
Return on equity below the industry
NXT Energy Solutions's return on equity of -31.7% is below the Oil and Gas Field Services median of 1.2%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin above its 5-year average
Net margin was -14.2% over the last twelve months, against a 5-year average of -444%.
Net margin below the industry
NXT Energy Solutions's net margin of -14.2% is below the Oil and Gas Field Services median of 0.9%.
Financial health4/6
Low debt
Debt is 4.0% of shareholders' equity, under the 40% we consider low.
Debt falling against equity
Debt to equity fell from 6.7% five years ago to 4.0%.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 193% of total debt.
Interest coverage
Interest expense is not reported separately.
Short-term assets cover short-term debts
Current assets are 2.69 times current liabilities.
Bankruptcy risk (Altman Z)
Needs market value, working capital and retained earnings.
Dividend0/6
No dividend
NXT Energy Solutions has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for NXT Energy Solutions. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2437.9% | – | +160.4% | -0.6% | |
| Free cash flow | – | – | – | -11.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -25.4% | -31.7% | |
| Return on assets | – | -22.0% | -13.9% | |
| Current ratio | 3.78 | 3.04 | 2.69 | |
| Debt to equity | – | 0.07 | 0.04 | |
| Capex to revenue | 6.2% | 0.0% | 0.5% | |
| Diluted shares | 54M | 64M | 96M |
Where the cash went
Fiscal 2021 to 2025, five years combined
NXT Energy Solutions generated C$13.93M from operations and spent C$148.80K on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -14.2% | 0.98× | 2.28× | -31.7% |
| FY2024 | -1409.0% | 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 2025 against fiscal 2024
- ProfitableNet income above zero-C$2.32M
- Cash generatingOperating cash flow above zeroC$1.16M
- Return on assets improvedROA up on the prior year-59.8% → -16.5%
- Earnings backed by cashOperating cash flow above net incomeC$1.16M vs -C$2.32M
- Less leverageLong-term debt to assets fell4.3% → 2.5%
- Better liquidityCurrent ratio rose0.14 → 2.69
- No dilutionShare count did not rise78M → 96M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.04 → 1.17
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