Meren Energy Inc.

MER.TOTSXEnergy● Active

$2.19

+$0.00(+0.00%)

Market Cap$1.5B

P/E Ratio—

52W High$2.58

52W Low$1.61

Avg Volume955K

Open$2.21

Beta0.37

Free Cash Flow Financials Revenue

Meren Energy Inc. (MER.TO) Free Cash Flow & Analysis

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

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

Core FCF metrics

MER.TO · FCF · TTM · margin & CAGR

Free cash flow was $339.0M for FY2025 (fiscal year ending 2025-12-31), up 928.9% year-over-year The FCF margin was 59.5%.

FY2025 Free Cash Flow$339.0M▲ +928.9% YoY

Trailing 12M (TTM)$146.0Mtrailing 4 quarters sum

FCF Margin59.5%$339.0M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

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

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

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$339.4M(0M)$339.0M▲ +928.9%59.5%

FY2024−$40.9M(0M)−$40.9M▲ +23.3%—

FY2023−$53.3M(0M)−$53.3M▼ 227.0%—

FY2022−$16.3M(0M)−$16.3M▼ 10.2%—

FY2021−$10.2M(5M)−$14.8M▼ 172.2%—

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

FCF valuation metrics

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

Meren Energy Inc. (MER.TO) trades at a FCF yield of 13.63% and a price-to-free-cash-flow ratio of 9.5x. FCF per share stands at $0.23, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

13.63%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.23

TTM FCF ÷ Shares Outstanding

Price / FCF

x9.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x8.8

Enterprise Value basis

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

Cash flow statement summary

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

For FY2025, Meren Energy Inc. generated $339.4M in operating cash flow and spent 0M in capital expenditures, yielding $339.0M in free cash flow.

Operating Activities

+$339.4M

Cash from core business operations

2025-12-31

Investing Activities

+$314.3M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$538.5M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($339.4M) − |CapEx| (0M) = FCF ($339.0M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

MER.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Meren Energy Inc.YOU

MER.TO

$339.0M+928.9%59.5%

Exxon Mobil Corporation

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

About Free Cash Flow & Methodology

Meren Energy Inc. (MER.TO) reported free cash flow of $339.0M for FY2025 (fiscal year ending 2025-12-31), up 928.9% year-over-year. The FCF margin was 59.5%.

Based on available data, Meren Energy Inc. has maintained positive free cash flow for at least 1 fiscal year(s). FCF peaked at $339.0M in FY2025.

Meren Energy Inc.'s FCF yield is 13.63% and price-to-FCF ratio is 9.5x 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

MER.TO free cash flow · 8 questions

Meren Energy Inc. free cash flow was $339.0M for FY2025, up 928.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $146.0M.

MER.TO free cash flowMER.TO FCFMER.TO FCF 2025MER.TO free cash flow TTM

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