Great-West Lifeco Inc

GWO-PM.TOTSXFinancial Services● Active

$26.04

+$0.64(+2.52%)

Market Cap$50.9B

P/E Ratio—

52W High$26.08

52W Low$24.45

Avg Volume3K

Open$26.04

Beta0.70

Free Cash Flow Financials Revenue

Great-West Lifeco Inc (GWO-PM.TO) Free Cash Flow & Analysis

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

GWO-PM.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

GWO-PM.TO · FCF · TTM · margin & CAGR

Free cash flow was $2.71B for FY2025 (fiscal year ending 2025-12-31), down 43.0% year-over-year The FCF margin was 6.9%. Five-year CAGR stands at -22.4%.

FY2025 Free Cash Flow$2.71B▼ -43.0% YoY

Trailing 12M (TTM)$4.98Btrailing 4 quarters sum

FCF Margin6.9%$2.71B ÷ revenue

3-Year CAGR-27.3%FY2022 → FY2025

5-Year CAGR-22.4%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

GWO-PM.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$2.71B(0M)$2.71B▼ 43.0%6.9%

FY2024$4.75B(0M)$4.75B▼ 8.7%13.7%

FY2023$5.20B(0M)$5.20B▼ 26.2%14.2%

FY2022$7.05B(0M)$7.05B▼ 32.1%—

FY2021$10.37B(0M)$10.37B▲ +7.9%16.1%

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

FCF valuation metrics

GWO-PM.TO · P/FCF · FCF yield · FCF per share

Great-West Lifeco Inc (GWO-PM.TO) trades at a FCF yield of 6.82% and a price-to-free-cash-flow ratio of 4.8x. FCF per share stands at $5.39, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.82%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$5.39

TTM FCF ÷ Shares Outstanding

Price / FCF

x4.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x14.5

Enterprise Value basis

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

Cash flow statement summary

GWO-PM.TO · cash flow statement · operating / investing / financing

For FY2025, Great-West Lifeco Inc generated $2.71B in operating cash flow and spent 0M in capital expenditures, yielding $2.71B in free cash flow.

Operating Activities

+$2.71B

Cash from core business operations

2025-12-31

Investing Activities

−$56.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$4.32B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($2.71B) − |CapEx| (0M) = FCF ($2.71B)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

GWO-PM.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Great-West Lifeco IncYOU

GWO-PM.TO

$2.71B-43.0%6.9%

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

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

About Free Cash Flow & Methodology

Great-West Lifeco Inc (GWO-PM.TO) reported free cash flow of $2.71B for FY2025 (fiscal year ending 2025-12-31), down 43.0% year-over-year. The FCF margin was 6.9%.

Based on available data, Great-West Lifeco Inc has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $10.37B in FY2021. The 5-year CAGR stands at -22.4%.

Great-West Lifeco Inc's FCF yield is 6.82% and price-to-FCF ratio is 4.8x 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

GWO-PM.TO free cash flow · 8 questions

Great-West Lifeco Inc free cash flow was $2.71B for FY2025, down 43.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $4.98B.

GWO-PM.TO free cash flowGWO-PM.TO FCFGWO-PM.TO FCF 2025GWO-PM.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Great-West Lifeco Inc · Great-West Lifeco Inc SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026