Companies: 10,795·Total market cap: $144.5T
Keyera Corp.

Keyera Corp.

KEY.TOTSXEnergy● Active
$57.53
+$0.25(+0.44%)
Market Cap$13.2B
P/E Ratio—
52W High$59.14
52W Low$40.09
Free Cash FlowFinancialsRevenue

Keyera Corp. (KEY.TO) Free Cash Flow & Analysis

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

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

Core FCF metrics

Free cash flow was $492.0M for FY2025 (fiscal year ending 2025-12-31), down 51.5% year-over-year The FCF margin was 7.2%. Five-year CAGR stands at +77.6%.

FY2025 Free Cash Flow$492.0M▼ -51.5% YoY
Trailing 12M (TTM)$557.5Mtrailing 4 quarters sum
FCF Margin7.2%$492.0M ÷ revenue
3-Year CAGR+155.8%FY2022 → FY2025
5-Year CAGR+77.6%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

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

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$492.0M▼ 51.5%7.2%
FY2024$1.01B▲ +271.5%14.2%
FY2023$272.8M▲ +828.0%3.9%
FY2022$29.4M▼ 56.3%0.4%
FY2021$67.2M▲ +141.4%1.4%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
key.to free cash flow 2025 · key.to free cash flow 2024 · key.to free cash flow 2023 · key.to operating cash flow

FCF valuation metrics

Keyera Corp. (KEY.TO) trades at a FCF yield of 4.23% and a price-to-free-cash-flow ratio of 23.7x. FCF per share stands at $2.43, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
4.23%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$2.43
TTM FCF ÷ Shares Outstanding
Price / FCF
x23.7
Share Price ÷ FCF per Share
EV / FCF (TTM)
x26.9
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
key.to price to free cash flow · key.to free cash flow yield · key.to free cash flow per share · key.to price to cash flow ratio

Cash flow statement summary

For FY2025, Keyera Corp. generated $774.5M in operating cash flow and spent 283M in capital expenditures, yielding $492.0M in free cash flow.

Operating Activities
+$774.5M
Cash from core business operations
2025-12-31
Investing Activities
−$465.4M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
+$1.91B
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($774.5M) − |CapEx| (283M) = FCF ($492.0M)

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

View Full Cash Flow Statement →
key.to cash flow statement · key.to cash flow statement 2025 · key.to operating cash flow · key.to cash flow from operations

Free cash flow vs peers (Energy)

#CompanyFree Cash FlowYoY
#1
Keyera Corp.
Keyera Corp.YOU
KEY.TO
$492.0M-51.5%
#2
Exxon Mobil Corporation
Exxon Mobil Corporation
XOM
$23.61B-23.1%#3
Shell plc
Shell plc
SHEL
$21.82B-37.8%#4
Chevron Corporation
Chevron Corporation
CVX
$16.59B+10.3%#5
TotalEnergies SE
TotalEnergies SE
TTE
$10.81B-32.2%#6
Enbridge Inc.
Enbridge Inc.
ENB.TO
$3.98B-29.8%
Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Keyera Corp. (KEY.TO) reported free cash flow of $492.0M for FY2025 (fiscal year ending 2025-12-31), down 51.5% year-over-year. The FCF margin was 7.2%.

Based on available data, Keyera Corp. has maintained positive free cash flow for at least 9 fiscal year(s). FCF peaked at $1.01B in FY2024. The 5-year CAGR stands at +77.6%.

Keyera Corp.'s FCF yield is 4.23% and price-to-FCF ratio is 23.7x 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

KEY.TO free cash flow · 8 questions

Keyera Corp. free cash flow was $492.0M for FY2025, down 51.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $557.5M.

KEY.TO free cash flowKEY.TO FCFKEY.TO FCF 2025KEY.TO free cash flow TTM

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