Badger Infrastructure Solutions Ltd.

BDGI.TOTSXIndustrials● Active

$93.18

+$4.57(+5.16%)

Market Cap$3.1B

P/E Ratio—

52W High$95.49

52W Low$44.3

Avg Volume198K

Open$91.46

Beta1.01

Free Cash Flow Financials Revenue

Badger Infrastructure Solutions Ltd. (BDGI.TO) Free Cash Flow & Analysis

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

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

Core FCF metrics

BDGI.TO · FCF · TTM · margin & CAGR

Free cash flow was $33.3M for FY2025 (fiscal year ending 2025-12-31), down 2.3% year-over-year The FCF margin was 3.9%. Five-year CAGR stands at -10.2%.

FY2025 Free Cash Flow$33.3M▼ -2.3% YoY

Trailing 12M (TTM)$37.8Mtrailing 4 quarters sum

FCF Margin3.9%$33.3M ÷ revenue

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

5-Year CAGR-10.2%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

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

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$153.6M(120M)$33.3M▼ 2.3%3.9%

FY2024$127.4M(93M)$34.1M▲ +198.3%4.6%

FY2023$121.4M(110M)$11.4M▲ +354.2%1.7%

FY2022$59.1M(64M)−$4.5M▼ 164.7%-0.6%

FY2021$49.0M(42M)$6.9M▼ 87.8%1.5%

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

FCF valuation metrics

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

Badger Infrastructure Solutions Ltd. (BDGI.TO) trades at a FCF yield of 1.69% and a price-to-free-cash-flow ratio of 83.2x. FCF per share stands at $1.12, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.69%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.12

TTM FCF ÷ Shares Outstanding

Price / FCF

x83.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x66.8

Enterprise Value basis

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

Cash flow statement summary

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

For FY2025, Badger Infrastructure Solutions Ltd. generated $153.6M in operating cash flow and spent 120M in capital expenditures, yielding $33.3M in free cash flow.

Operating Activities

+$153.6M

Cash from core business operations

2025-12-31

Investing Activities

−$127.2M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$36.4M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($153.6M) − |CapEx| (120M) = FCF ($33.3M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

BDGI.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Badger Infrastructure Solutions Ltd.YOU

BDGI.TO

$33.3M-2.3%3.9%

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

Badger Infrastructure Solutions Ltd. (BDGI.TO) reported free cash flow of $33.3M for FY2025 (fiscal year ending 2025-12-31), down 2.3% year-over-year. The FCF margin was 3.9%.

Based on available data, Badger Infrastructure Solutions Ltd. has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $57.1M in FY2020. The 5-year CAGR stands at -10.2%.

Badger Infrastructure Solutions Ltd.'s FCF yield is 1.69% and price-to-FCF ratio is 83.2x 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

BDGI.TO free cash flow · 8 questions

Badger Infrastructure Solutions Ltd. free cash flow was $33.3M for FY2025, down 2.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $37.8M.

BDGI.TO free cash flowBDGI.TO FCFBDGI.TO FCF 2025BDGI.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Badger Infrastructure Solutions Ltd. · Badger Infrastructure Solutions Ltd. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026