Canadian Utilities Limited

CU.TOTSXUtilities● Active

$50.99

$-0.03(-0.06%)

Market Cap$10.5B

P/E Ratio—

52W High$51.64

52W Low$37.13

Avg Volume617K

Open$50.74

Beta0.59

Overview

Canadian Utilities Limited (CU.TO) Free Cash Flow & Analysis

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

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

Core FCF metrics

CU.TO · FCF · TTM · margin & CAGR

Free cash flow was $103.0M for FY2025 (fiscal year ending 2025-12-31), down 68.0% year-over-year The FCF margin was 2.8%. Five-year CAGR stands at -32.6%.

FY2025 Free Cash Flow$103.0M▼ -68.0% YoY

Trailing 12M (TTM)$225.0Mtrailing 4 quarters sum

FCF Margin2.8%$103.0M ÷ revenue

3-Year CAGR-48.9%FY2022 → FY2025

5-Year CAGR-32.6%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

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

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.54B(1.44B)$103.0M▼ 68.0%2.8%

FY2024$1.92B(1.59B)$322.0M▲ +2783.3%8.6%

FY2023$1.33B(1.34B)−$12.0M▼ 101.6%-0.3%

FY2022$2.14B(1.37B)$771.0M▲ +55.1%19.1%

FY2021$1.72B(1.22B)$497.0M▼ 32.9%14.1%

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

FCF valuation metrics

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

Canadian Utilities Limited (CU.TO) trades at a FCF yield of 2.15% and a price-to-free-cash-flow ratio of 61.4x. FCF per share stands at $0.83, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.15%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.83

TTM FCF ÷ Shares Outstanding

Price / FCF

x61.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x98.9

Enterprise Value basis

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

Cash flow statement summary

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

For FY2025, Canadian Utilities Limited generated $1.54B in operating cash flow and spent 1.44B in capital expenditures, yielding $103.0M in free cash flow.

Operating Activities

+$1.54B

Cash from core business operations

2025-12-31

Investing Activities

−$1.64B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$846.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.54B) − |CapEx| (1.44B) = FCF ($103.0M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

CU.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Canadian Utilities LimitedYOU

CU.TO

$103.0M-68.0%2.8%

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

Canadian Utilities Limited (CU.TO) reported free cash flow of $103.0M for FY2025 (fiscal year ending 2025-12-31), down 68.0% year-over-year. The FCF margin was 2.8%.

Based on available data, Canadian Utilities Limited has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $771.0M in FY2022. The 5-year CAGR stands at -32.6%.

Canadian Utilities Limited's FCF yield is 2.15% and price-to-FCF ratio is 61.4x 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

CU.TO free cash flow · 8 questions

Canadian Utilities Limited free cash flow was $103.0M for FY2025, down 68.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $225.0M.

CU.TO free cash flowCU.TO FCFCU.TO FCF 2025CU.TO free cash flow TTM

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