Haleon plc

HLNNYSEHealthcare● Active

$9.12

+$0.16(+1.79%)

Market Cap$40.5B

P/E Ratio—

52W High$11.28

52W Low$8.65

Avg Volume8.4M

Open$9.04

Beta0.25

Free Cash Flow Financials Revenue

Haleon plc (HLN) Free Cash Flow & Analysis

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

HLN · free cash flow · updated Jun 8, 2026

Core FCF metrics

HLN · FCF · TTM · margin & CAGR

Free cash flow was $1.97B for FY2025 (fiscal year ending 2025-12-31), down 3.9% year-over-year The FCF margin was 18.3%. Five-year CAGR stands at +12.6%.

FY2025 Free Cash Flow$1.97B▼ -3.9% YoY

Trailing 12M (TTM)$2.29Btrailing 4 quarters sum

FCF Margin18.3%$1.97B ÷ revenue

3-Year CAGR+4.3%FY2022 → FY2025

5-Year CAGR+12.6%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

HLN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$2.29B(315M)$1.97B▼ 3.9%18.3%

FY2024$2.30B(250M)$2.05B▲ +16.3%18.3%

FY2023$2.10B(336M)$1.76B▲ +1.7%15.6%

FY2022$2.06B(328M)$1.74B▲ +64.0%16.0%

FY2021$1.36B(298M)$1.06B▼ 2.8%11.1%

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

FCF valuation metrics

HLN · P/FCF · FCF yield · FCF per share

Haleon plc (HLN) trades at a FCF yield of 3.13% and a price-to-free-cash-flow ratio of 17.9x. FCF per share stands at $0.51, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.13%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.51

TTM FCF ÷ Shares Outstanding

Price / FCF

x17.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x39.7

Enterprise Value basis

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

Cash flow statement summary

HLN · cash flow statement · operating / investing / financing

For FY2025, Haleon plc generated $2.29B in operating cash flow and spent 315M in capital expenditures, yielding $1.97B in free cash flow.

Operating Activities

+$2.29B

Cash from core business operations

2025-12-31

Investing Activities

−$567.3M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.55B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($2.29B) − |CapEx| (315M) = FCF ($1.97B)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

HLN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Haleon plcYOU

HLN

$1.97B-3.9%18.3%

10%

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

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

About Free Cash Flow & Methodology

Haleon plc (HLN) reported free cash flow of $1.97B for FY2025 (fiscal year ending 2025-12-31), down 3.9% year-over-year. The FCF margin was 18.3%.

Based on available data, Haleon plc has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $2.05B in FY2024. The 5-year CAGR stands at +12.6%.

Haleon plc's FCF yield is 3.13% and price-to-FCF ratio is 17.9x 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

HLN free cash flow · 8 questions

Haleon plc free cash flow was $1.97B for FY2025, down 3.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.29B.

HLN free cash flowHLN FCFHLN FCF 2025HLN free cash flow TTM

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