Aecon Group Inc.

ARE.TOTSXIndustrials● Active

$46.04

+$0.60(+1.32%)

Market Cap$3.2B

P/E Ratio—

52W High$57.72

52W Low$17.06

Avg Volume571K

Open$45.70

Beta1.22

Free Cash Flow Financials Revenue

Aecon Group Inc. (ARE.TO) Free Cash Flow & Analysis

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

ARE.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

ARE.TO · FCF · TTM · margin & CAGR

Free cash flow was $60.1M for FY2025 (fiscal year ending 2025-12-31), up 360.2% year-over-year The FCF margin was 1.1%. Five-year CAGR stands at -24.0%.

FY2025 Free Cash Flow$60.1M▲ +360.2% YoY

Trailing 12M (TTM)$190.0Mtrailing 4 quarters sum

FCF Margin1.1%$60.1M ÷ revenue

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

5-Year CAGR-24.0%FY2020 → FY2025

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 8, 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

ARE.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$126.6M(67M)$60.1M▲ +360.2%1.1%

FY2024$28.7M(52M)−$23.1M▼ 149.7%-0.5%

FY2023$64.9M(19M)$46.4M▲ +132.6%1.0%

FY2022−$109.7M(33M)−$142.4M▼ 123.7%-3.0%

FY2021−$28.3M(35M)−$63.7M▼ 126.8%-1.6%

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

FCF valuation metrics

ARE.TO · P/FCF · FCF yield · FCF per share

Aecon Group Inc. (ARE.TO) trades at a FCF yield of 6.09% and a price-to-free-cash-flow ratio of 15.3x. FCF per share stands at $3.01, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.09%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.01

TTM FCF ÷ Shares Outstanding

Price / FCF

x15.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x16.2

Enterprise Value basis

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

Cash flow statement summary

ARE.TO · cash flow statement · operating / investing / financing

For FY2025, Aecon Group Inc. generated $126.6M in operating cash flow and spent 67M in capital expenditures, yielding $60.1M in free cash flow.

Operating Activities

+$126.6M

Cash from core business operations

2025-12-31

Investing Activities

−$89.9M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$14.5M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($126.6M) − |CapEx| (67M) = FCF ($60.1M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

ARE.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Aecon Group Inc.YOU

ARE.TO

$60.1M+360.2%1.1%

Union Pacific Corporation

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

About Free Cash Flow & Methodology

Aecon Group Inc. (ARE.TO) reported free cash flow of $60.1M for FY2025 (fiscal year ending 2025-12-31), up 360.2% year-over-year. The FCF margin was 1.1%.

Based on available data, Aecon Group Inc. has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $321.5M in FY2018. The 5-year CAGR stands at -24.0%.

Aecon Group Inc.'s FCF yield is 6.09% and price-to-FCF ratio is 15.3x 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

ARE.TO free cash flow · 8 questions

Aecon Group Inc. free cash flow was $60.1M for FY2025, up 360.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $190.0M.

ARE.TO free cash flowARE.TO FCFARE.TO FCF 2025ARE.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Aecon Group Inc. · Aecon Group Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026