Companies: 10,795·Total market cap: $144.5T
Morguard Corporation

Morguard Corporation

MRC.TOTSXReal Estate● Active
$122.00
+$0.00(+0.00%)
Market Cap$1.3B
P/E Ratio—
52W High$127.4
52W Low$0.01
Free Cash FlowFinancialsRevenue

Morguard Corporation (MRC.TO) Free Cash Flow & Analysis

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

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

Core FCF metrics

Free cash flow was $209.3M for FY2025 (fiscal year ending 2025-12-31), down 19.6% year-over-year The FCF margin was 18.6%. Five-year CAGR stands at -0.1%.

FY2025 Free Cash Flow$209.3M▼ -19.6% YoY
Trailing 12M (TTM)$239.2Mtrailing 4 quarters sum
FCF Margin18.6%$209.3M ÷ revenue
3-Year CAGR-5.9%FY2022 → FY2025
5-Year CAGR-0.1%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

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
mrc.to free cash flow history · mrc.to free cash flow chart · mrc.to free cash flow growth rate · mrc.to free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$209.3M▼ 19.6%18.6%
FY2024$260.2M▼ 9.8%23.5%
FY2023$288.5M▲ +14.9%23.5%
FY2022$251.2M▼ 5.1%22.4%
FY2021$264.8M▲ +26.2%25.9%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
mrc.to free cash flow 2025 · mrc.to free cash flow 2024 · mrc.to free cash flow 2023 · mrc.to operating cash flow

FCF valuation metrics

Morguard Corporation (MRC.TO) trades at a FCF yield of 18.36% and a price-to-free-cash-flow ratio of 5.5x. FCF per share stands at $22.36, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
18.36%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$22.36
TTM FCF ÷ Shares Outstanding
Price / FCF
x5.5
Share Price ÷ FCF per Share
EV / FCF (TTM)
x27.6
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
mrc.to price to free cash flow · mrc.to free cash flow yield · mrc.to free cash flow per share · mrc.to price to cash flow ratio

Cash flow statement summary

For FY2025, Morguard Corporation generated $214.4M in operating cash flow and spent 5M in capital expenditures, yielding $209.3M in free cash flow.

Operating Activities
+$214.4M
Cash from core business operations
2025-12-31
Investing Activities
−$205.8M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
+$40.6M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($214.4M) − |CapEx| (5M) = FCF ($209.3M)

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

View Full Cash Flow Statement →
mrc.to cash flow statement · mrc.to cash flow statement 2025 · mrc.to operating cash flow · mrc.to cash flow from operations

Free cash flow vs peers (Real Estate)

#CompanyFree Cash FlowYoY
#1
Morguard Corporation
Morguard CorporationYOU
MRC.TO
$209.3M-19.6%
#2
Prologis, Inc.
Prologis, Inc.
PLD
$5.01B+2.0%#3
American Tower Corporation
American Tower Corporation
AMT
$3.78B+2.2%#4
Simon Property Group, Inc.
Simon Property Group, Inc.
SPG
$3.57B+16.6%#5
Welltower Inc.
Welltower Inc.
WELL
$2.85B+29.5%#6
Equinix, Inc.
Equinix, Inc.
EQIX
−$400.0M-318.6%
Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Morguard Corporation (MRC.TO) reported free cash flow of $209.3M for FY2025 (fiscal year ending 2025-12-31), down 19.6% year-over-year. The FCF margin was 18.6%.

Based on available data, Morguard Corporation has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $297.4M in FY2017. The 5-year CAGR stands at -0.1%.

Morguard Corporation's FCF yield is 18.36% and price-to-FCF ratio is 5.5x 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.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

MRC.TO free cash flow · 8 questions

Morguard Corporation free cash flow was $209.3M for FY2025, down 19.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $239.2M.

MRC.TO free cash flowMRC.TO FCFMRC.TO FCF 2025MRC.TO free cash flow TTM

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