The team has captured the Clarence S. Campbell Bowl as Western Conference champion in 1986, 1989 and 2004, winning the Stanley Cup in 1989.

Theoren Fleury, Al MacInnis and Jarome Iginla each played in six National Hockey League All-Star Games, the most in Flames history.

Joe Mullen and Al MacInnis played several seasons in Calgary as part of Hall of Fame careers, while general manager Cliff Fletcher, coach Bob Johnson and owner Harley Hotchkiss have each been inducted as builders.

The Calgary Flames have won the Western (previously the Campbell) Conference three times in franchise history, winning the Stanley Cup once, in 1989.

[11] Lanny McDonald was the first winner of the King Clancy Memorial Trophy in 1987–88, earning the award in recognition of his charity work in both Toronto and Calgary.

[13] The NHL first and second team All-Stars are the top players at each position as voted on by the Professional Hockey Writers' Association.

[41] The NHL All-Rookie Team consists of the top rookies at each position as voted on by the Professional Hockey Writers' Association.

[47] Along with Theoren Fleury and Jarome Iginla, MacInnis played a franchise high six All-Star Games as a member of the Flames.

Several members of the Flames organization have been honoured by the Hockey Hall of Fame during the team's history in Calgary.

Mullen spent five seasons with the Flames, recording 388 points and capturing two Lady Byng Trophies.

Fuhr played only one season in Calgary; however, he recorded his 400th career win in a Flames uniform, a victory over the Florida Panthers on October 22, 1999.

Former head coach "Badger" Bob Johnson joined McDonald in the class of 1992, gaining election as a builder.

Hotchkiss is the team's current governor, and is an original member of the ownership group that purchased and brought the Flames to Calgary in 1980.

He has served many years as the chairman of the NHL Board of Directors, during which he played a significant role in the resolution of the 2004–05 lockout.

[95] Former athletic trainer Bearcat Murray, who served with the Flames from 1980 until 1996 and remains with the organization as a community ambassador, will be inducted into the Hall of Fame by the Professional Hockey Athletic Trainers Society and the Society of Professional Hockey Equipment Managers.

[121][122] The organization introduced the "Forever a Flame" program in 2012 to replace the retiring of numbers as the highest honour the team can give a former player.