Sandstorm Gold Ltd.

SANDNYSEBasic Materials

$12.12

+$0.00(+0.00%)

Market Cap$3.6B

P/E Ratio—

52W High$13.085

52W Low$5.33

Avg Volume5.3M

Open$12.78

Beta0.79

Free Cash Flow Financials Revenue

Sandstorm Gold Ltd. (SAND) Free Cash Flow & Analysis

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

SAND · free cash flow · updated Jun 8, 2026

Core FCF metrics

SAND · FCF · TTM · margin & CAGR

Free cash flow was $122.4M for FY2024 (fiscal year ending 2024-12-31), down 7.2% year-over-year The FCF margin was 69.4%.

FY2024 Free Cash Flow$122.4M▼ -7.2% YoY

Trailing 12M (TTM)$143.0Mtrailing 4 quarters sum

FCF Margin69.4%$122.4M ÷ revenue

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

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

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

SAND · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2024Latest$135.4M(13M)$122.4M▼ 7.2%69.4%

FY2023$152.8M(21M)$131.8M▲ +125.7%73.4%

FY2022$106.9M(621M)−$513.9M▼ 618.1%-345.5%

FY2021$81.1M(153M)−$71.6M▼ 215.2%-62.3%

FY2020$65.6M(3M)$62.1M▲ +1673.6%66.8%

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

FCF valuation metrics

SAND · P/FCF · FCF yield · FCF per share

Sandstorm Gold Ltd. (SAND) trades at a FCF yield of 2.76% and a price-to-free-cash-flow ratio of 25.3x. FCF per share stands at $0.48, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.76%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.48

TTM FCF ÷ Shares Outstanding

Price / FCF

x25.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x39.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2024 · 2024-12-31

Cash flow statement summary

SAND · cash flow statement · operating / investing / financing

For FY2024, Sandstorm Gold Ltd. generated $135.4M in operating cash flow and spent 13M in capital expenditures, yielding $122.4M in free cash flow.

Operating Activities

+$135.4M

Cash from core business operations

2024-12-31

Investing Activities

+$10.9M

CapEx, acquisitions & investments

2024-12-31

Financing Activities

−$146.7M

Buybacks, dividends & debt

2024-12-31

FCF FormulaOperating CF ($135.4M) − |CapEx| (13M) = FCF ($122.4M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Basic Materials)

SAND vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Sandstorm Gold Ltd.YOU

SAND

$122.4M-7.2%69.4%

Southern Copper Corporation

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

About Free Cash Flow & Methodology

Sandstorm Gold Ltd. (SAND) reported free cash flow of $122.4M for FY2024 (fiscal year ending 2024-12-31), down 7.2% year-over-year. The FCF margin was 69.4%.

Based on available data, Sandstorm Gold Ltd. has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $131.8M in FY2023.

Sandstorm Gold Ltd.'s FCF yield is 2.76% and price-to-FCF ratio is 25.3x for FY2024, 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

SAND free cash flow · 8 questions

Sandstorm Gold Ltd. free cash flow was $122.4M for FY2024, down 7.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $143.0M.

SAND free cash flowSAND FCFSAND FCF 2024SAND free cash flow TTM

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