SalMar ASA

SALRFOTCConsumer Defensive● Active

$61.81

+$6.31(+11.37%)

Market Cap$8.4B

P/E Ratio—

52W High$64.36

52W Low$40.3

Avg Volume4

Open$60.59

Beta0.64

Free Cash Flow Financials Revenue

SalMar ASA (SALRF) Free Cash Flow & Analysis

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

SALRF · free cash flow · updated Jun 9, 2026

Core FCF metrics

SALRF · FCF · TTM · margin & CAGR

Free cash flow was $1.26B for FY2025 (fiscal year ending 2025-12-31), down 56.1% year-over-year The FCF margin was 4.6%.

FY2025 Free Cash Flow$1.26B▼ -56.1% YoY

Trailing 12M (TTM)$4.61Btrailing 4 quarters sum

FCF Margin4.6%$1.26B ÷ revenue

3-Year CAGR-10.8%FY2022 → FY2025

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 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

SALRF · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.19B(1.94B)$1.26B▼ 56.1%4.6%

FY2024$5.38B(2.52B)$2.86B▼ 56.9%10.8%

FY2023$8.98B(2.35B)$6.63B▲ +274.9%23.8%

FY2022$4.22B(2.45B)$1.77B▲ +158.4%8.8%

FY2021$2.91B(2.22B)$684.1M▲ +218.7%4.5%

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

FCF valuation metrics

SALRF · P/FCF · FCF yield · FCF per share

SalMar ASA (SALRF) trades at a FCF yield of 5.80% and a price-to-free-cash-flow ratio of 1.8x. FCF per share stands at $34.66, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.80%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$34.66

TTM FCF ÷ Shares Outstanding

Price / FCF

x1.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x22.7

Enterprise Value basis

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

Cash flow statement summary

SALRF · cash flow statement · operating / investing / financing

For FY2025, SalMar ASA generated $3.19B in operating cash flow and spent 1.94B in capital expenditures, yielding $1.26B in free cash flow.

Operating Activities

+$3.19B

Cash from core business operations

2025-12-31

Investing Activities

−$1.94B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$992.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($3.19B) − |CapEx| (1.94B) = FCF ($1.26B)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

SALRF vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

SalMar ASAYOU

SALRF

$1.26B-56.1%4.6%

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

COST

$7.84B+18.2%2.8%

53%

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

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

About Free Cash Flow & Methodology

SalMar ASA (SALRF) reported free cash flow of $1.26B for FY2025 (fiscal year ending 2025-12-31), down 56.1% year-over-year. The FCF margin was 4.6%.

Based on available data, SalMar ASA has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $6.63B in FY2023.

SalMar ASA's FCF yield is 5.80% and price-to-FCF ratio is 1.8x 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

SALRF free cash flow · 8 questions

SalMar ASA free cash flow was $1.26B for FY2025, down 56.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $4.61B.

SALRF free cash flowSALRF FCFSALRF FCF 2025SALRF free cash flow TTM

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