Secure Waste Infrastructure Corp.

SES.TOTSXIndustrials● Active

$21.33

$-0.19(-0.88%)

Market Cap$4.7B

P/E Ratio—

52W High$23.9

52W Low$14.85

Avg Volume1.1M

Open$21.28

Beta0.72

Overview

Secure Waste Infrastructure Corp. (SES.TO) Free Cash Flow & Analysis

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

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

Core FCF metrics

SES.TO · FCF · TTM · margin & CAGR

Free cash flow was $48.0M for FY2025 (fiscal year ending 2025-12-31), down 86.8% year-over-year The FCF margin was 3.3%. Five-year CAGR stands at -9.3%.

FY2025 Free Cash Flow$48.0M▼ -86.8% YoY

Trailing 12M (TTM)−$42.0MTrailing 4Q sum · TTM negative vs latest FY positive

FCF Margin3.3%$48.0M ÷ revenue

3-Year CAGR-46.6%FY2022 → FY2025

5-Year CAGR-9.3%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

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

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$273.0M(225M)$48.0M▼ 86.8%3.3%

FY2024$497.0M(134M)$363.0M▲ +59.9%3.4%

FY2023$430.0M(203M)$227.0M▼ 27.9%2.8%

FY2022$411.0M(96M)$315.0M▲ +2150.0%3.9%

FY2021$57.0M(43M)$14.0M▼ 82.1%0.4%

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

FCF valuation metrics

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

Secure Waste Infrastructure Corp. (SES.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

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

For FY2025, Secure Waste Infrastructure Corp. generated $273.0M in operating cash flow and spent 225M in capital expenditures, yielding $48.0M in free cash flow.

Operating Activities

+$273.0M

Cash from core business operations

2025-12-31

Investing Activities

−$365.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$90.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($273.0M) − |CapEx| (225M) = FCF ($48.0M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

SES.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Secure Waste Infrastructure Corp.YOU

SES.TO

$48.0M-86.8%3.3%

Union Pacific Corporation

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

About Free Cash Flow & Methodology

Secure Waste Infrastructure Corp. (SES.TO) reported free cash flow of $48.0M for FY2025 (fiscal year ending 2025-12-31), down 86.8% year-over-year. The FCF margin was 3.3%.

Based on available data, Secure Waste Infrastructure Corp. has maintained positive free cash flow for at least 10 fiscal year(s). FCF peaked at $363.0M in FY2024. The 5-year CAGR stands at -9.3%.

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

SES.TO free cash flow · 8 questions

Secure Waste Infrastructure Corp. free cash flow was $48.0M for FY2025, down 86.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$42.0M.

SES.TO free cash flowSES.TO FCFSES.TO FCF 2025SES.TO free cash flow TTM

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