MDA Ltd.

MDA.TOTSXIndustrials● Active

$53.72

+$0.21(+0.39%)

Market Cap$7.4B

P/E Ratio—

52W High$67.9

52W Low$20.85

Avg Volume1.3M

Open$54.71

Beta0.23

Free Cash Flow Financials Revenue

MDA Ltd. (MDA.TO) Free Cash Flow & Analysis

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

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

Core FCF metrics

MDA.TO · FCF · TTM · margin & CAGR

Free cash flow was $232.2M for FY2025 (fiscal year ending 2025-12-31), down 65.7% year-over-year The FCF margin was 14.2%. Five-year CAGR stands at +34.1%.

FY2025 Free Cash Flow$232.2M▼ -65.7% YoY

Trailing 12M (TTM)−$1.3MTrailing 4Q sum · TTM negative vs latest FY positive

FCF Margin14.2%$232.2M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR+34.1%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

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

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$407.5M(175M)$232.2M▼ 65.7%14.2%

FY2024$815.6M(138M)$677.4M▲ +603.6%62.7%

FY2023$13.5M(148M)−$134.5M▼ 66.5%-16.6%

FY2022$57.0M(138M)−$80.8M▼ 512.2%-12.6%

FY2021$72.1M(53M)$19.6M▼ 63.4%4.1%

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

FCF valuation metrics

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

MDA Ltd. (MDA.TO) valuation ratios are currently unavailable — market cap, share count, or TTM data could not be retrieved from our data provider.

FCF Yield (TTM)

N/A

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)

N/A

Enterprise Value basis

Valuation ratios are unavailable — market cap, share count, or TTM data could not be retrieved. Individual metrics are shown where available.

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

Cash flow statement summary

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

For FY2025, MDA Ltd. generated $407.5M in operating cash flow and spent 175M in capital expenditures, yielding $232.2M in free cash flow.

Operating Activities

+$407.5M

Cash from core business operations

2025-12-31

Investing Activities

−$614.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$196.3M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($407.5M) − |CapEx| (175M) = FCF ($232.2M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

MDA.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

MDA Ltd.YOU

MDA.TO

$232.2M-65.7%14.2%

Union Pacific Corporation

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

About Free Cash Flow & Methodology

MDA Ltd. (MDA.TO) reported free cash flow of $232.2M for FY2025 (fiscal year ending 2025-12-31), down 65.7% year-over-year. The FCF margin was 14.2%.

Based on available data, MDA Ltd. has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $677.4M in FY2024. The 5-year CAGR stands at +34.1%.

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

MDA.TO free cash flow · 8 questions

MDA Ltd. free cash flow was $232.2M for FY2025, down 65.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$1.3M.

MDA.TO free cash flowMDA.TO FCFMDA.TO FCF 2025MDA.TO free cash flow TTM

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