Steel Partners Holdings L.P.

SPLPOTCIndustrials

$50.05

$-0.05(-0.10%)

Market Cap$955184580

P/E Ratio—

52W High$51.25

52W Low$27.95

Avg Volume6K

Open$50.39

Beta0.54

Overview

Steel Partners Holdings L.P. (SPLP) Free Cash Flow & Analysis

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

SPLP · free cash flow · updated Jun 9, 2026

Core FCF metrics

SPLP · FCF · TTM · margin & CAGR

Free cash flow was $298.3M for FY2024 (fiscal year ending 2024-12-31), up 1086.9% year-over-year The FCF margin was 14.7%. Five-year CAGR stands at +34.1%.

FY2024 Free Cash Flow$298.3M▲ +1086.9% YoY

Trailing 12M (TTM)$111.7Mtrailing 4 quarters sum

FCF Margin14.7%$298.3M ÷ revenue

3-Year CAGR+127.2%FY2021 → FY2024

5-Year CAGR+34.1%FY2019 → FY2024

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 9, 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

SPLP · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2024Latest$363.3M(65M)$298.3M▲ +1086.9%14.7%

FY2023$21.2M(51M)−$30.2M▲ +88.3%-1.6%

FY2022−$210.2M(48M)−$257.8M▼ 1113.1%-15.2%

FY2021$77.8M(52M)$25.4M▼ 91.5%1.7%

FY2020$324.1M(23M)$300.9M▲ +337.8%23.0%

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

FCF valuation metrics

SPLP · P/FCF · FCF yield · FCF per share

Steel Partners Holdings L.P. (SPLP) trades at a FCF yield of 11.70% and a price-to-free-cash-flow ratio of 9.0x. FCF per share stands at $5.58, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

11.70%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$5.58

TTM FCF ÷ Shares Outstanding

Price / FCF

x9.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x5.5

Enterprise Value basis

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

Cash flow statement summary

SPLP · cash flow statement · operating / investing / financing

For FY2024, Steel Partners Holdings L.P. generated $363.3M in operating cash flow and spent 65M in capital expenditures, yielding $298.3M in free cash flow.

Operating Activities

+$363.3M

Cash from core business operations

2024-12-31

Investing Activities

+$111.2M

CapEx, acquisitions & investments

2024-12-31

Financing Activities

−$646.3M

Buybacks, dividends & debt

2024-12-31

FCF FormulaOperating CF ($363.3M) − |CapEx| (65M) = FCF ($298.3M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

SPLP vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Steel Partners Holdings L.P.YOU

SPLP

$298.3M+1086.9%14.7%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

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

About Free Cash Flow & Methodology

Steel Partners Holdings L.P. (SPLP) reported free cash flow of $298.3M for FY2024 (fiscal year ending 2024-12-31), up 1086.9% year-over-year. The FCF margin was 14.7%.

Based on available data, Steel Partners Holdings L.P. has maintained positive free cash flow for at least 10 fiscal year(s). FCF peaked at $300.9M in FY2020. The 5-year CAGR stands at +34.1%.

Steel Partners Holdings L.P.'s FCF yield is 11.70% and price-to-FCF ratio is 9.0x 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

SPLP free cash flow · 8 questions

Steel Partners Holdings L.P. free cash flow was $298.3M for FY2024, up 1086.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $111.7M.

SPLP free cash flowSPLP FCFSPLP FCF 2024SPLP free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Steel Partners Holdings L.P. · Steel Partners Holdings L.P. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026