Freehold Royalties Ltd.

FRU.TOTSXEnergy● Active

$17.54

+$0.34(+1.98%)

Market Cap$2.9B

P/E Ratio—

52W High$18.22

52W Low$12.24

Avg Volume773K

Open$17.40

Beta0.80

Overview

Freehold Royalties Ltd. (FRU.TO) Free Cash Flow & Analysis

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

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

Core FCF metrics

FRU.TO · FCF · TTM · margin & CAGR

Free cash flow was $191.2M for FY2025 (fiscal year ending 2025-12-31), up 201.5% year-over-year The FCF margin was 61.0%. Five-year CAGR stands at +25.2%.

FY2025 Free Cash Flow$191.2M▲ +201.5% YoY

Trailing 12M (TTM)$183.6Mtrailing 4 quarters sum

FCF Margin61.0%$191.2M ÷ revenue

3-Year CAGR+11.9%FY2022 → FY2025

5-Year CAGR+25.2%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

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

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$235.4M(44M)$191.2M▲ +201.5%61.0%

FY2024$223.3M(412M)−$188.4M▼ 191.3%-60.9%

FY2023$216.9M(11M)$206.3M▲ +51.1%65.6%

FY2022$327.3M(191M)$136.6M▲ +163.5%34.7%

FY2021$162.0M(377M)−$215.0M▼ 446.0%-104.3%

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

FCF valuation metrics

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

Freehold Royalties Ltd. (FRU.TO) trades at a FCF yield of 6.38% and a price-to-free-cash-flow ratio of 15.7x. FCF per share stands at $1.12, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.38%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.12

TTM FCF ÷ Shares Outstanding

Price / FCF

x15.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x17.3

Enterprise Value basis

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

Cash flow statement summary

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

For FY2025, Freehold Royalties Ltd. generated $235.4M in operating cash flow and spent 44M in capital expenditures, yielding $191.2M in free cash flow.

Operating Activities

+$235.4M

Cash from core business operations

2025-12-31

Investing Activities

−$42.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$193.3M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($235.4M) − |CapEx| (44M) = FCF ($191.2M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

FRU.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Freehold Royalties Ltd.YOU

FRU.TO

$191.2M+201.5%61.0%

Exxon Mobil Corporation

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

About Free Cash Flow & Methodology

Freehold Royalties Ltd. (FRU.TO) reported free cash flow of $191.2M for FY2025 (fiscal year ending 2025-12-31), up 201.5% year-over-year. The FCF margin was 61.0%.

Based on available data, Freehold Royalties Ltd. has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $206.3M in FY2023. The 5-year CAGR stands at +25.2%.

Freehold Royalties Ltd.'s FCF yield is 6.38% and price-to-FCF ratio is 15.7x 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.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FRU.TO free cash flow · 8 questions

Freehold Royalties Ltd. free cash flow was $191.2M for FY2025, up 201.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $183.6M.

FRU.TO free cash flowFRU.TO FCFFRU.TO FCF 2025FRU.TO free cash flow TTM

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