Alimentation Couche-Tard Inc.

ATD.TOTSXConsumer Cyclical● Active

$82.60

+$1.81(+2.24%)

Market Cap$75.8B

P/E Ratio—

52W High$85.59

52W Low$66.93

Avg Volume1.2M

Open$80.68

Beta0.75

Free Cash Flow Financials Revenue

Alimentation Couche-Tard Inc. (ATD.TO) Free Cash Flow & Analysis

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

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

Core FCF metrics

ATD.TO · FCF · TTM · margin & CAGR

Free cash flow was $2.74B for FY2025 (fiscal year ending 2025-04-30), down 3.6% year-over-year The FCF margin was 3.8%. Five-year CAGR stands at +4.4%.

FY2025 Free Cash Flow$2.74B▼ -3.6% YoY

Trailing 12M (TTM)$3.36Btrailing 4 quarters sum

FCF Margin3.8%$2.74B ÷ revenue

3-Year CAGR+7.1%FY2022 → FY2025

5-Year CAGR+4.4%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

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

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$5.08B(2.35B)$2.74B▼ 3.6%3.8%

FY2024$4.76B(1.92B)$2.84B▲ +14.2%4.1%

FY2023$4.25B(1.76B)$2.48B▲ +11.4%3.5%

FY2022$3.86B(1.63B)$2.23B▼ 26.8%3.5%

FY2021$4.35B(1.30B)$3.05B▲ +38.0%6.7%

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

FCF valuation metrics

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

Alimentation Couche-Tard Inc. (ATD.TO) trades at a FCF yield of 6.17% and a price-to-free-cash-flow ratio of 23.5x. FCF per share stands at $3.52, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.17%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.52

TTM FCF ÷ Shares Outstanding

Price / FCF

x23.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x20.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-04-30

Cash flow statement summary

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

For FY2025, Alimentation Couche-Tard Inc. generated $5.08B in operating cash flow and spent 2.35B in capital expenditures, yielding $2.74B in free cash flow.

Operating Activities

+$5.08B

Cash from core business operations

2025-04-30

Investing Activities

−$1.60B

CapEx, acquisitions & investments

2025-04-30

Financing Activities

−$2.56B

Buybacks, dividends & debt

2025-04-30

FCF FormulaOperating CF ($5.08B) − |CapEx| (2.35B) = FCF ($2.74B)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

ATD.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Alimentation Couche-Tard Inc.YOU

ATD.TO

$2.74B-3.6%3.8%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

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

About Free Cash Flow & Methodology

Alimentation Couche-Tard Inc. (ATD.TO) reported free cash flow of $2.74B for FY2025 (fiscal year ending 2025-04-30), down 3.6% year-over-year. The FCF margin was 3.8%.

Based on available data, Alimentation Couche-Tard Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $3.05B in FY2021. The 5-year CAGR stands at +4.4%.

Alimentation Couche-Tard Inc.'s FCF yield is 6.17% and price-to-FCF ratio is 23.5x 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

ATD.TO free cash flow · 8 questions

Alimentation Couche-Tard Inc. free cash flow was $2.74B for FY2025, down 3.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $3.36B.

ATD.TO free cash flowATD.TO FCFATD.TO FCF 2025ATD.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Alimentation Couche-Tard Inc. · Alimentation Couche-Tard Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026