First National Financial Corporation

FN.TOTSXFinancial Services

$47.98

$-0.01(-0.02%)

Market Cap$2.9B

P/E Ratio—

52W High$49

52W Low$35.5

Avg Volume91K

Open$47.98

Beta0.60

Free Cash Flow Financials Revenue

First National Financial Corporation (FN.TO) Free Cash Flow & Analysis

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

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

Core FCF metrics

FN.TO · FCF · TTM · margin & CAGR

Free cash flow was −$768.1M for FY2024 (fiscal year ending 2024-12-31), down 600.1% year-over-year The FCF margin was -36.2%.

FY2024 Free Cash Flow−$768.1M▼ -600.1% YoY

Trailing 12M (TTM)$288.0MTrailing 4Q sum · TTM positive vs latest FY negative

FCF Margin-36.2%−$768.1M ÷ 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 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

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

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2024Latest−$763.7M(4M)−$768.1M▼ 600.1%-36.2%

FY2023−$103.5M(6M)−$109.7M▼ 122.1%-5.8%

FY2022$509.2M(12M)$496.8M▲ +214.2%35.5%

FY2021−$402.9M(32M)−$434.9M▼ 73.5%-36.5%

FY2020−$247.1M(4M)−$250.6M▼ 155.4%-20.5%

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

FCF valuation metrics

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

First National Financial Corporation (FN.TO) trades at a FCF yield of -25.70% and a price-to-free-cash-flow ratio of 10.0x. FCF per share stands at $4.80, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

-25.70%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$4.80

TTM FCF ÷ Shares Outstanding

Price / FCF

x10.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x-71.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2024 · 2024-12-31

Cash flow statement summary

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

For FY2024, First National Financial Corporation generated −$763.7M in operating cash flow and spent 4M in capital expenditures, yielding −$768.1M in free cash flow.

Operating Activities

−$763.7M

Cash from core business operations

2024-12-31

Investing Activities

+$105.4M

CapEx, acquisitions & investments

2024-12-31

Financing Activities

+$663.7M

Buybacks, dividends & debt

2024-12-31

FCF FormulaOperating CF (−$763.7M) − |CapEx| (4M) = FCF (−$768.1M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

FN.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

First National Financial CorporationYOU

FN.TO

−$768.1M-600.1%-36.2%

Loss

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

First National Financial Corporation (FN.TO) reported free cash flow of −$768.1M for FY2024 (fiscal year ending 2024-12-31), down 600.1% year-over-year. The FCF margin was -36.2%.

Based on available data, First National Financial Corporation has maintained positive free cash flow for at least 6 fiscal year(s). FCF peaked at $496.8M in FY2022.

First National Financial Corporation's FCF yield is -25.70% and price-to-FCF ratio is 10.0x for FY2024, 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

FN.TO free cash flow · 8 questions

First National Financial Corporation free cash flow was −$768.1M for FY2024, down 600.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $288.0M.

FN.TO free cash flowFN.TO FCFFN.TO FCF 2024FN.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · First National Financial Corporation · First National Financial Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026