Canadian Imperial Bank of Commerce

CM.TOTSXFinancial Services● Active

$152.91

+$1.04(+0.68%)

Market Cap$141.7B

P/E Ratio—

52W High$162.12

52W Low$91.94

Avg Volume2.5M

Open$152.20

Beta1.28

Free Cash Flow Financials Revenue

Canadian Imperial Bank of Commerce (CM.TO) Free Cash Flow & Analysis

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

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

Core FCF metrics

CM.TO · FCF · TTM · margin & CAGR

Free cash flow was $12.73B for FY2025 (fiscal year ending 2025-10-31), up 27.3% year-over-year The FCF margin was 20.5%. Five-year CAGR stands at -26.7%.

FY2025 Free Cash Flow$12.73B▲ +27.3% YoY

Trailing 12M (TTM)$14.40Btrailing 4 quarters sum

FCF Margin20.5%$12.73B ÷ revenue

3-Year CAGR-16.2%FY2022 → FY2025

5-Year CAGR-26.7%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

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

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$13.84B(1.11B)$12.73B▲ +27.3%20.5%

FY2024$11.09B(1.09B)$10.00B▼ 10.2%42.4%

FY2023$12.15B(1.01B)$11.14B▼ 48.4%52.3%

FY2022$22.71B(1.11B)$21.61B▲ +618.0%104.0%

FY2021−$3.33B(839M)−$4.17B▼ 107.0%-21.0%

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

FCF valuation metrics

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

Canadian Imperial Bank of Commerce (CM.TO) trades at a FCF yield of 10.16% and a price-to-free-cash-flow ratio of 9.9x. FCF per share stands at $15.39, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

10.16%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$15.39

TTM FCF ÷ Shares Outstanding

Price / FCF

x9.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x21.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-10-31

Cash flow statement summary

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

For FY2025, Canadian Imperial Bank of Commerce generated $13.84B in operating cash flow and spent 1.11B in capital expenditures, yielding $12.73B in free cash flow.

Operating Activities

+$13.84B

Cash from core business operations

2025-10-31

Investing Activities

−$5.78B

CapEx, acquisitions & investments

2025-10-31

Financing Activities

−$4.31B

Buybacks, dividends & debt

2025-10-31

FCF FormulaOperating CF ($13.84B) − |CapEx| (1.11B) = FCF ($12.73B)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

CM.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Canadian Imperial Bank of CommerceYOU

CM.TO

$12.73B+27.3%20.5%

13%

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

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

About Free Cash Flow & Methodology

Canadian Imperial Bank of Commerce (CM.TO) reported free cash flow of $12.73B for FY2025 (fiscal year ending 2025-10-31), up 27.3% year-over-year. The FCF margin was 20.5%.

Based on available data, Canadian Imperial Bank of Commerce has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $59.99B in FY2020. The 5-year CAGR stands at -26.7%.

Canadian Imperial Bank of Commerce's FCF yield is 10.16% and price-to-FCF ratio is 9.9x 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

CM.TO free cash flow · 8 questions

Canadian Imperial Bank of Commerce free cash flow was $12.73B for FY2025, up 27.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $14.40B.

CM.TO free cash flowCM.TO FCFCM.TO FCF 2025CM.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Canadian Imperial Bank of Commerce · Canadian Imperial Bank of Commerce SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026