Companies: 10,795·Total market cap: $144.5T
The GDL Fund

The GDL Fund

GDLNYSEFinancial Services● Active
$8.47
+$0.04(+0.47%)
Market Cap$94816145
P/E Ratio—
52W High$8.67
52W Low$8.15
Free Cash FlowFinancialsRevenue

The GDL Fund (GDL) Free Cash Flow & Analysis

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

GDL · free cash flow · updated Jun 13, 2026

Core FCF metrics

Free cash flow was $37.5M for FY2025 (fiscal year ending 2025-12-31), up 54.5% year-over-year The FCF margin was 395.6%. Five-year CAGR stands at -19.2%.

FY2025 Free Cash Flow$37.5M▲ +54.5% YoY
Trailing 12M (TTM)—trailing 4 quarters sum
FCF Margin395.6%$37.5M ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGR-19.2%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 13, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
gdl free cash flow history · gdl free cash flow chart · gdl free cash flow growth rate · gdl free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$37.5M▲ +54.5%395.6%
FY2024$24.3M▲ +27.3%390.2%
FY2023$19.1M▲ +193.8%261.1%
FY2022−$20.3M▼ 380.1%—
FY2021$7.3M▼ 93.3%176.5%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
gdl free cash flow 2025 · gdl free cash flow 2024 · gdl free cash flow 2023 · gdl operating cash flow

FCF valuation metrics

The GDL Fund (GDL) trades at a FCF yield of 39.56% and a price-to-free-cash-flow ratio of N/A. FCF per share stands at N/A, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
39.56%
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)
x2.5
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
gdl price to free cash flow · gdl free cash flow yield · gdl free cash flow per share · gdl price to cash flow ratio

Cash flow statement summary

For FY2025, The GDL Fund generated $37.5M in operating cash flow and spent 0M in capital expenditures, yielding $37.5M in free cash flow.

Operating Activities
+$37.5M
Cash from core business operations
2025-12-31
Investing Activities
+$0.0M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
−$40.8M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($37.5M) − |CapEx| (0M) = FCF ($37.5M)

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

View Full Cash Flow Statement →
gdl cash flow statement · gdl cash flow statement 2025 · gdl operating cash flow · gdl cash flow from operations

Free cash flow vs peers (Financial Services)

#CompanyFree Cash FlowYoY
#1
The GDL Fund
The GDL FundYOU
GDL
$37.5M+54.5%
#2
JPMorgan Chase & Co.
JPMorgan Chase & Co.
JPM
$100.87B+340.1%#3
Berkshire Hathaway Inc.
Berkshire Hathaway Inc.
BRK-B
$25.04B+115.6%#4
Berkshire Hathaway Inc.
Berkshire Hathaway Inc.
BRK-A
$25.04B+115.6%#5
Visa Inc.
Visa Inc.
V
$21.58B+15.4%#6
Mastercard Incorporated
Mastercard Incorporated
MA
$16.91B+18.2%
Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

The GDL Fund (GDL) reported free cash flow of $37.5M for FY2025 (fiscal year ending 2025-12-31), up 54.5% year-over-year. The FCF margin was 395.6%.

Based on available data, The GDL Fund has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $108.7M in FY2020. The 5-year CAGR stands at -19.2%.

The GDL Fund's FCF yield is 39.56% and price-to-FCF ratio is N/A 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.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

GDL free cash flow · 8 questions

The GDL Fund free cash flow was $37.5M for FY2025, up 54.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at —.

GDL free cash flowGDL FCFGDL FCF 2025GDL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · The GDL Fund · The GDL Fund SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 13, 2026