Demant A/S

WILLFOTCHealthcare● Active

$38.78

+$3.33(+9.39%)

Market Cap$8.2B

P/E Ratio—

52W High$43.775

52W Low$28.08

Avg Volume52

Open$38.78

Beta0.74

Overview

Demant A/S (WILLF) Free Cash Flow & Analysis

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

WILLF · free cash flow · updated Jun 9, 2026

Core FCF metrics

WILLF · FCF · TTM · margin & CAGR

Free cash flow was $3.29B for FY2025 (fiscal year ending 2025-12-31), down 0.2% year-over-year The FCF margin was 14.3%. Five-year CAGR stands at +11.2%.

FY2025 Free Cash Flow$3.29B▼ -0.2% YoY

Trailing 12M (TTM)$6.52Btrailing 4 quarters sum

FCF Margin14.3%$3.29B ÷ revenue

3-Year CAGR+24.7%FY2022 → FY2025

5-Year CAGR+11.2%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 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

WILLF · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.95B(651M)$3.29B▼ 0.2%14.3%

FY2024$4.08B(779M)$3.30B▼ 7.9%14.7%

FY2023$4.23B(643M)$3.58B▲ +111.0%16.0%

FY2022$2.37B(924M)$1.70B▼ 33.5%8.6%

FY2021$3.27B(722M)$2.55B▲ +31.6%14.3%

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

FCF valuation metrics

WILLF · P/FCF · FCF yield · FCF per share

Demant A/S (WILLF) trades at a FCF yield of 5.88% and a price-to-free-cash-flow ratio of 1.3x. FCF per share stands at $30.87, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.88%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$30.87

TTM FCF ÷ Shares Outstanding

Price / FCF

x1.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x23.9

Enterprise Value basis

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

Cash flow statement summary

WILLF · cash flow statement · operating / investing / financing

For FY2025, Demant A/S generated $3.95B in operating cash flow and spent 651M in capital expenditures, yielding $3.29B in free cash flow.

Operating Activities

+$3.95B

Cash from core business operations

2025-12-31

Investing Activities

−$7.04B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$3.35B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($3.95B) − |CapEx| (651M) = FCF ($3.29B)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

WILLF vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Demant A/SYOU

WILLF

$3.29B-0.2%14.3%

17%

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

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

About Free Cash Flow & Methodology

Demant A/S (WILLF) reported free cash flow of $3.29B for FY2025 (fiscal year ending 2025-12-31), down 0.2% year-over-year. The FCF margin was 14.3%.

Based on available data, Demant A/S has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $3.58B in FY2023. The 5-year CAGR stands at +11.2%.

Demant A/S's FCF yield is 5.88% and price-to-FCF ratio is 1.3x 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

WILLF free cash flow · 8 questions

Demant A/S free cash flow was $3.29B for FY2025, down 0.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $6.52B.

WILLF free cash flowWILLF FCFWILLF FCF 2025WILLF free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Demant A/S · Demant A/S SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026