Air Canada

ACDVFOTCIndustrials● Active

$15.26

$-0.09(-0.59%)

Market Cap$4.4B

P/E Ratio—

52W High$17.25

52W Low$12.03

Avg Volume150K

Open$15.33

Beta1.64

Free Cash Flow Financials Revenue

Air Canada (ACDVF) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ACDVF · free cash flow · updated Jun 9, 2026

Core FCF metrics

ACDVF · FCF · TTM · margin & CAGR

Free cash flow was $747.0M for FY2025 (fiscal year ending 2025-12-31), down 42.3% year-over-year The FCF margin was 3.3%.

FY2025 Free Cash Flow$747.0M▼ -42.3% YoY

Trailing 12M (TTM)$1.24Btrailing 4 quarters sum

FCF Margin3.3%$747.0M ÷ revenue

3-Year CAGR-2.1%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ACDVF · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.66B(2.91B)$747.0M▼ 42.3%3.3%

FY2024$3.93B(2.64B)$1.29B▼ 53.0%5.8%

FY2023$4.32B(1.56B)$2.76B▲ +246.2%12.6%

FY2022$2.37B(1.57B)$796.0M▲ +130.2%4.8%

FY2021−$1.56B(1.07B)−$2.64B▲ +25.9%-41.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ACDVF · P/FCF · FCF yield · FCF per share

Air Canada (ACDVF) trades at a FCF yield of 20.26% and a price-to-free-cash-flow ratio of 3.8x. FCF per share stands at $3.98, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

20.26%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.98

TTM FCF ÷ Shares Outstanding

Price / FCF

x3.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x11.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ACDVF · cash flow statement · operating / investing / financing

For FY2025, Air Canada generated $3.66B in operating cash flow and spent 2.91B in capital expenditures, yielding $747.0M in free cash flow.

Operating Activities

+$3.66B

Cash from core business operations

2025-12-31

Investing Activities

−$1.00B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.37B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($3.66B) − |CapEx| (2.91B) = FCF ($747.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

ACDVF vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Air CanadaYOU

ACDVF

$747.0M-42.3%3.3%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Air Canada (ACDVF) reported free cash flow of $747.0M for FY2025 (fiscal year ending 2025-12-31), down 42.3% year-over-year. The FCF margin was 3.3%.

Based on available data, Air Canada has maintained positive free cash flow for at least 10 fiscal year(s). FCF peaked at $3.69B in FY2019.

Air Canada's FCF yield is 20.26% and price-to-FCF ratio is 3.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ACDVF free cash flow · 8 questions

Air Canada free cash flow was $747.0M for FY2025, down 42.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.24B.

ACDVF free cash flowACDVF FCFACDVF FCF 2025ACDVF free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Air Canada · Air Canada SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026