TransAlta Corporation

TACNYSEUtilities● Active

$12.68

$-0.28(-2.16%)

Market Cap$3.8B

P/E Ratio—

52W High$17.88

52W Low$10.12

Avg Volume1.4M

Open$12.95

Beta0.49

Free Cash Flow Financials Revenue

TransAlta Corporation (TAC) Free Cash Flow & Analysis

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

TAC · free cash flow · updated Jun 8, 2026

Core FCF metrics

TAC · FCF · TTM · margin & CAGR

Free cash flow was $396.7M for FY2025 (fiscal year ending 2025-12-31), down 16.5% year-over-year The FCF margin was 16.5%. Five-year CAGR stands at +14.4%.

FY2025 Free Cash Flow$396.7M▼ -16.5% YoY

Trailing 12M (TTM)$517.1Mtrailing 4 quarters sum

FCF Margin16.5%$396.7M ÷ revenue

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

5-Year CAGR+14.4%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

TAC · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$645.5M(249M)$396.7M▼ 16.5%16.5%

FY2024$796.0M(321M)$475.0M▼ 17.5%16.7%

FY2023$1.46B(888M)$576.0M▲ +900.0%17.2%

FY2022$877.0M(949M)−$72.0M▼ 114.1%-2.4%

FY2021$1.00B(489M)$512.0M▲ +153.5%18.8%

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

FCF valuation metrics

TAC · P/FCF · FCF yield · FCF per share

TransAlta Corporation (TAC) trades at a FCF yield of 9.81% and a price-to-free-cash-flow ratio of 7.3x. FCF per share stands at $1.74, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

9.81%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.74

TTM FCF ÷ Shares Outstanding

Price / FCF

x7.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x18.2

Enterprise Value basis

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

Cash flow statement summary

TAC · cash flow statement · operating / investing / financing

For FY2025, TransAlta Corporation generated $645.5M in operating cash flow and spent 249M in capital expenditures, yielding $396.7M in free cash flow.

Operating Activities

+$645.5M

Cash from core business operations

2025-12-31

Investing Activities

−$410.7M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$361.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($645.5M) − |CapEx| (249M) = FCF ($396.7M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

TAC vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

TransAlta CorporationYOU

TAC

$396.7M-16.5%16.5%

11%

Constellation Energy Corporation

CEG

$1.29B+125.6%5.0%

35%

Duke Energy Corporation

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

About Free Cash Flow & Methodology

TransAlta Corporation (TAC) reported free cash flow of $396.7M for FY2025 (fiscal year ending 2025-12-31), down 16.5% year-over-year. The FCF margin was 16.5%.

Based on available data, TransAlta Corporation has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $576.0M in FY2023. The 5-year CAGR stands at +14.4%.

TransAlta Corporation's FCF yield is 9.81% and price-to-FCF ratio is 7.3x 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

TAC free cash flow · 8 questions

TransAlta Corporation free cash flow was $396.7M for FY2025, down 16.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $517.1M.

TAC free cash flowTAC FCFTAC FCF 2025TAC free cash flow TTM

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