Fiera Capital Corporation

FSZ.TOTSXFinancial Services● Active

$5.35

+$0.03(+0.56%)

Market Cap$570432189

P/E Ratio—

52W High$7.17

52W Low$5.11

Avg Volume299K

Open$5.33

Beta0.86

Free Cash Flow Financials Revenue

Fiera Capital Corporation (FSZ.TO) Free Cash Flow & Analysis

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

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

Core FCF metrics

FSZ.TO · FCF · TTM · margin & CAGR

Free cash flow was $93.4M for FY2025 (fiscal year ending 2025-12-31), down 28.7% year-over-year The FCF margin was 14.3%. Five-year CAGR stands at -6.9%.

FY2025 Free Cash Flow$93.4M▼ -28.7% YoY

Trailing 12M (TTM)$114.0Mtrailing 4 quarters sum

FCF Margin14.3%$93.4M ÷ revenue

3-Year CAGR-4.8%FY2022 → FY2025

5-Year CAGR-6.9%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

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

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$99.1M(6M)$93.4M▼ 28.7%14.3%

FY2024$134.0M(3M)$131.0M▼ 3.1%19.4%

FY2023$138.0M(3M)$135.1M▲ +24.7%20.0%

FY2022$113.3M(5M)$108.4M▼ 30.1%16.3%

FY2021$171.3M(16M)$155.2M▲ +16.1%21.0%

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

FCF valuation metrics

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

Fiera Capital Corporation (FSZ.TO) trades at a FCF yield of 20.01% and a price-to-free-cash-flow ratio of 5.0x. FCF per share stands at $1.06, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

20.01%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.06

TTM FCF ÷ Shares Outstanding

Price / FCF

x5.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x11.7

Enterprise Value basis

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

Cash flow statement summary

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

For FY2025, Fiera Capital Corporation generated $99.1M in operating cash flow and spent 6M in capital expenditures, yielding $93.4M in free cash flow.

Operating Activities

+$99.1M

Cash from core business operations

2025-12-31

Investing Activities

−$15.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$78.8M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($99.1M) − |CapEx| (6M) = FCF ($93.4M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

FSZ.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Fiera Capital CorporationYOU

FSZ.TO

$93.4M-28.7%14.3%

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

Fiera Capital Corporation (FSZ.TO) reported free cash flow of $93.4M for FY2025 (fiscal year ending 2025-12-31), down 28.7% year-over-year. The FCF margin was 14.3%.

Based on available data, Fiera Capital Corporation has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $155.2M in FY2021. The 5-year CAGR stands at -6.9%.

Fiera Capital Corporation's FCF yield is 20.01% and price-to-FCF ratio is 5.0x 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

FSZ.TO free cash flow · 8 questions

Fiera Capital Corporation free cash flow was $93.4M for FY2025, down 28.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $114.0M.

FSZ.TO free cash flowFSZ.TO FCFFSZ.TO FCF 2025FSZ.TO free cash flow TTM

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