Heritage Distilling Holding Company, Inc.

CASKNASDAQConsumer Defensive

$0.60

+$0.12(+23.89%)

Market Cap$15938828

P/E Ratio—

52W High$4

52W Low$0.2656

Avg Volume3.5M

Open$0.54

Beta3.51

Free Cash Flow Financials Revenue

Heritage Distilling Holding Company, Inc. (CASK) Free Cash Flow & Analysis

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

CASK · free cash flow · updated Jun 9, 2026

Core FCF metrics

CASK · FCF · TTM · margin & CAGR

Free cash flow was −$15.4M for FY2025 (fiscal year ending 2025-12-31), down 36.0% year-over-year The FCF margin was -152.2%.

FY2025 Free Cash Flow−$15.4M▼ -36.0% YoY

Trailing 12M (TTM)−$15.8Mtrailing 4 quarters sum

FCF Margin-152.2%−$15.4M ÷ revenue

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

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

CASK · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$15.3M(0M)−$15.4M▼ 36.0%-152.2%

FY2024−$11.2M(0M)−$11.3M▼ 33.1%-134.8%

FY2023−$8.5M(0M)−$8.5M▲ +14.4%-106.7%

FY2022−$9.3M(1M)−$9.9M▼ 11.9%-119.6%

FY2021−$7.7M(1M)−$8.9M—-107.1%

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

FCF valuation metrics

CASK · P/FCF · FCF yield · FCF per share

Heritage Distilling Holding Company, Inc. (CASK) reported negative free cash flow of −$0.02B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

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

Cash flow statement summary

CASK · cash flow statement · operating / investing / financing

For FY2025, Heritage Distilling Holding Company, Inc. generated −$15.3M in operating cash flow and spent 0M in capital expenditures, yielding −$15.4M in free cash flow.

Operating Activities

−$15.3M

Cash from core business operations

2025-12-31

Investing Activities

−$16.5M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$31.6M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$15.3M) − |CapEx| (0M) = FCF (−$15.4M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

CASK vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Heritage Distilling Holding Company, Inc.YOU

CASK

−$15.4M-36.0%-152.2%

Loss

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

COST

$7.84B+18.2%2.8%

53%

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

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

About Free Cash Flow & Methodology

Heritage Distilling Holding Company, Inc. (CASK) reported free cash flow of −$15.4M for FY2025 (fiscal year ending 2025-12-31), down 36.0% year-over-year. The FCF margin was -152.2%.

Heritage Distilling Holding Company, Inc. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 5 fiscal years.

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

CASK free cash flow · 8 questions

Heritage Distilling Holding Company, Inc. free cash flow was −$15.4M for FY2025, down 36.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$15.8M.

CASK free cash flowCASK FCFCASK FCF 2025CASK free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Heritage Distilling Holding Company, Inc. · Heritage Distilling Holding Company, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026